A young entrepreneur from Detroit has turned his passion for swimming into a thriving business. Fares Ksebati, who learned to swim at the age of five, leveraged his expertise to create MySwimPro, an app that caters to swimmers worldwide. Despite facing significant challenges during the pandemic, Ksebati's dedication and innovation helped him not only survive but thrive. His journey highlights how perseverance can lead to success in both personal and professional realms.
Beyond his career achievements, Ksebati splits his time between Detroit, where his family resides, and Dubai, a city he fell in love with due to its vibrant energy and forward-thinking mindset. This lifestyle allows him to balance work commitments with leisure while maintaining financial stability through strategic investments and frugal living habits.
Fares Ksebati’s entrepreneurial journey began when a client requested a personalized training plan adaptable to hotel pools. This sparked the creation of MySwimPro, which quickly gained traction after receiving recognition as Apple's App of the Year in 2016. Initially booming, the app faced setbacks during the pandemic when pool closures led to a decline in subscriptions. However, Ksebati adapted by introducing home-based workouts and live-streamed sessions, enabling the company to recover and expand its user base significantly.
The resilience displayed during these turbulent times underscores Ksebati’s leadership qualities. By embracing change and focusing on customer needs, he managed to maintain subscriber numbers and even grow them post-pandemic. Today, MySwimPro boasts over 15,000 active subscribers and offers diverse services such as premium coaching and luxury retreats globally. Ksebati credits this turnaround to consistent effort, positive thinking, and innovative problem-solving strategies. His ability to pivot demonstrates the importance of adaptability in entrepreneurship, proving that challenges can be opportunities in disguise.
Despite earning substantial income, Ksebati maintains a modest lifestyle, prioritizing savings and investments over extravagant spending. After purchasing an apartment in Dubai for approximately $354,000, he discovered that owning property reduced his monthly expenses compared to renting. This decision aligns with his long-term financial goals, allowing him to allocate more resources toward stock market ventures and retirement accounts.
Ksebati’s approach to wealth management reflects a thoughtful balance between enjoying life and securing future stability. While indulging occasionally in travel and dining experiences, especially during Ramadan celebrations, he keeps discretionary spending under control. His primary focus remains on growing his investment portfolio, aiming to contribute around $15,000 monthly. Owning a significant stake in MySwimPro further solidifies his financial position, providing multiple streams of income. Looking ahead, Ksebati envisions expanding his real estate holdings across various locations, ensuring continued mobility and flexibility in his global lifestyle.
As the world grapples with the complexities of conflict in Gaza, a unique initiative led by disabled activists and supported by prominent writers is making waves. This humanitarian effort not only seeks to bridge communication gaps but also highlights the resilience of communities under duress. With contributions from Sheila Heti, Omar El Akkad, Madeleine Thien, and Sarah Bernstein, this campaign invites global citizens to partake in an act of solidarity that transcends borders.
In a recent public meeting, Fort Lauderdale commissioners confronted developer Jeff John over his inability to provide tangible evidence of financial backing for a $140 million project. The ambitious plan includes a food hall, cultural center, and an arts park on prime public land in the Flagler Village area. After three years of waiting, the commission declared John and his company, One Stop FTL, in default, giving them 30 days to resolve the issue by proving they have secured funding.
Tensions escalated during Tuesday's session when John failed to present any documentation supporting his claims of secured financing. Despite assuring the commissioners that he had a signed commitment for full funding, John could not produce it or even name the lender. Assistant City Manager Susan Grant mentioned that city staff had briefly reviewed an updated financial commitment on John’s iPad, but no hard copies were provided. This lack of transparency left Vice Mayor John Herbst skeptical, emphasizing the need for verifiable documents rather than digital presentations.
The situation has drawn significant attention due to its implications for the community and public resources. When asked directly about the lender, John hesitated, citing confidentiality concerns. However, this stance contradicts the comprehensive agreement's requirements for openness and accountability. A representative accompanying John claimed affiliation with a London-based firm named BGC, though confusion arose regarding whether he referred to Boston Consulting Group or another entity entirely. Herbst pressed further, demanding clarity on which financial institution was involved, but received only vague responses.
Community members attending the meeting expressed frustration over the prolonged uncertainty surrounding the project. Many advocated for terminating the contract altogether, labeling it as "smoke and mirrors" and urging the transformation of the unused land into a public park instead. Commissioner Ben Sorensen echoed these sentiments, suggesting there was insufficient justification to proceed without concrete evidence of financial readiness. Conversely, Commissioner Steve Glassman argued passionately for preserving the project, highlighting its potential benefits to the district despite current setbacks.
Moving forward, the stakes remain high for all parties involved. If John fails to meet the upcoming deadline, Mayor Dean Trantalis intends to recommend the termination of the agreement. This decision would leave the fate of the Flagler Village site undecided once again, sparking renewed discussions on how best to utilize such valuable urban space while ensuring fiscal responsibility and public trust are upheld.