“I didn’t have a good relationship with money until I started my own business,” said Christiana Maxion, 33, a New York native. She grew up in a family of entrepreneurs who inspired her to become her boss and start a business at a young age.
He founded a professional matchmaking business based in Dubai in 2021. “I spent every penny I made and put more on credit cards. I only learned the value of money when I started earning my own money and relying solely on myself.”
“After a couple of months in my business, I saw a therapist who helped rewire my brain and my relationship with money. The hypnotherapy session worked wonders and helped me save more money and generate and attract more opportunities for success and growth in my business.”
I only learned the value of money when I started earning my own money and relying solely on myself.
“My current savings strategy is still not very clear because I have a growing business and I need to evaluate and invest in many things right now. But I have high aspirations to be the leading brokerage company in the GCC region for the next 50 years and beyond.”
Money Rule #1: Treat money with love and care by attracting, saving, and investing.
Maxion confessed that he had a terrible relationship with money. “I spent every penny I earned, but now that I am earning my own money and building my empire, I appreciate every dirham earned. Now I count and know where each dirham goes, and I treat money with love and care by attracting it, saving it and investing it.”
“My investment plan now involves saving for happy times (not a rainy day) and investing more in my business as I am in the early stages of expansion.”
Maxion comes from a business background in his family.
Maxion’s grandfather began his career as a school teacher and later started his security business, which evolved into a successful family business with over a hundred parking lots throughout New York City.
His father was a professional baseball player who played for Major League Baseball. “After retiring from baseball, he went into the family garage business, but decided to work his way up by working for New York State as an athletic director.”
“He inherited his entrepreneurial spirit from his father, and my parents decided to open a series of pizzerias up and down the East Coast of the United States.”
She shares her journey to entrepreneurship with a qualification in finance and professional studies in education.
Maxion said, “I began my career as a wealth management intern at Merrill Lynch and quickly decided Finance was not the path I wanted to take.”
My achievements as an athlete allowed me to coach others at a young age, which eventually led to my career in education.
“My first job was as a trampoline coach at country clubs in Westchester, New York. I was an athlete for most of my young life and competed as a trampoline throughout the United States, Canada, and China. My accomplishments as an athlete allowed me to coach others at a young age, which eventually led to my career in education.”
“I was an athlete for most of my life and I loved training and working with young children. I worked as a first grade and kindergarten teacher at a school in New York, before moving to Abu Dhabi in 2016.”
Starting her career in the UAE as a kindergarten educator, she quickly climbed the ladder and began mentoring and training teachers in the UAE. “While I was in Abu Dhabi, I also published the children’s book ‘Toby and The Falcon’, which was presented at the Abu Dhabi International Book Fair and the Emirates Literature Festival.
She moved to Dubai and worked in a similar job before deciding to finish her degree in education and start the business.
“I know that working as a teacher in a school is a noble profession, but what I learned from this job is that I longed for more freedom, finances and authority. I knew I had the skills to build a business and learned all my lessons from working in the charter, corporate and private school sector to hone my leadership and intrapersonal skills.”
I know that working as a teacher in a school is a noble profession, but what I learned from this job is that I longed for more freedom, finances, and authority.
Why did you choose professional matchmaking as a business idea?
Maxion enjoyed helping others through relationship advice, was successful in matching people with careers, connecting others for business opportunities, and helping people find their marriage partners.
“I saw a real gap in the market here for a service like this, which is quite popular in the US and South Asian countries. I decided to study and invest in myself and in the trade to start this business here.”
“I consulted a legal team to see if this business was possible. And to my delight, the legal team approved the nature of the business under UAE laws, in September 2021, and I made a move to open my business.
“My company has seen tremendous growth rapidly and we are excited to expand our services to all of the UAE.”
What were the expenses involved in your business?
Maxion started her business ‘Christiana Maxion Solutions’ in 2021, when she was 32 years old. “I self-financed my business with a small amount in savings and credit cards, and I am so grateful that I was able to pay all of the initial money. investments through the initial success of the business.
Their expenses were investments in education, programs, mentoring and business start-ups. “I spent on certifications and programmes: Dh26,000, business mentoring: Dh49,500 and business creation: Dh16,000. The biggest expense was the time, effort and dedication to hone my craft, networking and tuning packages offered which are priceless.”
Entrepreneurship Tip #1: Invest in experts to save time and money.
She said: “Investing in mentors and consultants has helped me succeed in building a business in the UAE. With her help, I was able to find real solutions and answers from trusted sources that helped make the process of establishing business here easier.”
I self-financed my business with a small amount in savings and credit cards, and have been able to pay off all initial investments.
He has lived in the United Arab Emirates for almost six years. “This country accelerated my earlier career in education in a way that never would have happened in New York. The good thing about this country is that their promotions and titles are based on skills and merit rather than just years of experience or age.”
Business Tip #2: Engage in a trial collaboration when considering a business partnership.
She said: “I developed this concept and this company from scratch, and people have shown interest in partnering and investing since the second month. Many people are reaching out to collaborate and associate with the great success and popularity of the company.”
“I know I have a gold mine in the city of gold. I want to hold onto that and the uniqueness of my company for as long as I can. After both parties feel safe with each other, my rule of thumb for future opportunities is to engage in a trial collaboration. It is important not to ‘give the house away’ at such an early stage”.
Business Tip #3: For an independent entrepreneur, a financial plan is essential.
He recommended starting with a simple Excel spreadsheet that tracks every dirham spent and earned. “It has helped me get control of my budgets, investments and savings and understand the ins and outs of the business. And when I talk to future collaborators and investors, I am at my best.
He is currently saving to expand his business and aims to expand to the GCC region by the end of 2024.
“Each month, I have different income and expenses, but my rule of thumb is that anything that isn’t spent, whether it’s 50 percent or 20 percent of income, goes immediately into my savings account to be reinvested in the future. business. I also keep the motto: except for a happy occasion and not for a rainy day.”