Serial Entrepreneur Adds Tech Startup To Portfolio
Today we’d like to introduce you to IDRIS LURA.
It’s an honor to speak with you today. Why don’t you give us some details about you and your story. How did you get to where you are today?
I grew up in Australia but I am of Albanian decent and blood. My entire family is Albanian. When I was younger my father was always a business man and I grew up watching and learning from him. I came to the States in 2004 while saving to start a business. I finally saved up enough and bought my first business. I found a huge opportunity with distressed businesses and was able to quickly turn what was a once failing business into a flourishing enterprise. I slowly started replicating this and after a few years, I built a portfolio of 15+ profitable businesses. I then was able to pick and choose a few that I believed would take me to the next level and fund my tech dream. Being the Serial-Entrepreneur I am, I founded the Tech Startup, LetsGrub. An app which will be the worlds largest hangout for foodies.
I’m sure your success has not come easily. What challenges have you had to overcome along the way?
When you buy a business and don’t know too much about the operations the only thing you can trust is the numbers. Being able to research and understand a new industry based on knowing the potential of the numbers can be in your favor with just a few adjustments.
Let’s talk about the work you do. What do you specialize in and why should someone work with you over the competition?
I can take any business in any field and dissect the numbers to figure out where the numbers are and what it would take to increase profit margin. Once that’s established and R&D is done on that specific business, I can then execute an operations plan and begin the process of taking it to a minimum of 6x the purchase price.
What’s your best piece of advice for readers who desire to find success in their life?
Everything I do is a numbers game. I will always go in knowing that all the numbers are always in my favor. Regardless of the type of business or property I choose to invest in, If I see a margin for growth, I am going all in as there is no option for a plan B at that point. Having a data backed plan executed with consistency leads to massive action. Where there is action, success is always close.
Speaking of success, what does the word mean to you?
No matter how many millions I make or businesses I buy, nothing will ever give me more satisfaction than knowing my loved ones around me are taken care of as over 90% of my family lives in third world countries and don’t live the American dream like you and I do.
What’s next for you?
We are working on developing a strong team and devoting as many resources as we can into the tech industry as I’ve realized that you can reach so many people in the tech world. I’m invested in a tech infrastructure in India that now has offices in Fort Worth, Texas and merged two cultures into creating a globally scaled platform to allow society to go back to the old fashion way of connecting – by food and conversation.
Finally, how can people connect with you if they want to learn more?
Follow me on Instagram @idrislura and checkout the world’s largest hangout for foodies – @letsgrub.app to stay up to date with launch, future events and more.