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Published byAlan Harris Modified over 8 years ago
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The Fearless Visionary NADIA SHOMALI CEO AND FOUNDER OF THE CHERRY SHARE
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Shomali’s Background Born in Amman, Jordan Graduated from University of Jordan in 2001Computer Science Major 80% of Middle Eastern Women attend a University/College Only 15% of women are in the workplace Middle Eastern Women are expected to marry as young as 15 years old.
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Shomali’s Background First obligation as a Muslim wife is: children, wife and home Women are only allowed to work with other woman Worked in programming, sales and online marketing from 2002 to 2013. Mother of two twin girls Sandy and Natalie age 5
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Company’s beginnings Nadia created a website called FoodLve for her and her friends to share healthy recipes. Nadia realized the website was being used around the world, so she decide to quit her fulltime job as an IT tech and pursue her passion: healthy food. The Cherry Share was created as a business from Nadia’s love of cooking and feeding her family healthy foods. Moved to the United States 7 months ago to pursue the growth and development of her company.
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Management Philosophy Started company with an X Theory management philosophy. Now has a combination of both X and Y Theory management philosophy. Social media as a user-generated medium Prosumption behavior: combining both production and consumption. Promotion management: use experience to predict involvement of users and products to offer. Business Model: concept/audience with emphasis on most recent activities.
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Difficulties Encountered Hard for women entrepreneurs to start business in Middle East Major and experience not in management Competition from competitors with little money. Hard to manage cash flow Lack of investors Finding committed team members (outsourcing for data management and promotions)
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Problem Solved! Moved to U.S. and located company with Plug and Play: Silicone Valley in a Box! Took a business management course and spent lots of time learning the industry. Attracted investors and set herself apart from competition by creating new value through the ability to purchase from website.
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Find, Share, Blog, List and Buy All About Food In One Place! Social Discovery Platform Website Company started in 2013 with over 6 million views per month (90% from U.S.) 5K active users and over 500 records or content files. Currently has 100k active users with 50,000 views per day. Company revenue includes: Commission on sales from products sold through website, Targeted advertisements and promoted posts.
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Future of 1Million Active users by 2016 Switching focus from commission of products to user activity to attract more users Increase to over 1000 Grants Attract new investors Possibility of using DataSift to find out what users are looking for to provide hard to find specialty food items and increase commission revenue.
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A Word of Advice
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