Virtuzone Business Intelligence

Category: Business Ideas

Starting a business requires capital. And, unless you’ve got oodles of cash lying around, you’re going to need access to money which will support you through those first tough months until you start turning a profit.

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Starting a business requires capital. And, unless you’ve got oodles of cash lying around, you’re going to need access to money which will support you through those first tough months until you start turning a profit.

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Fashion

If you’ve ever walked around one of the UAE’s famous malls, you’ll know exactly how big the appetite for high fashion is in this part of the world. Spending on consumer goods grew by 37% in the UAE in Q4 2017 in comparison to the same period the year before. Such incredible growth presents an opportunity, not just for the large fashion brands, but for home-grown businesses looking to capitalise on this insatiable demand. Here we look at how you can build your own fashion brand in the UAE.

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Success

Having lots of entrepreneurial spirit is not enough to succeed. You need a solid business idea too – and they’re not always easy to come up with. However, there are proven ways to uncover them. In this article we share five tips, and explain why each one will help you and how to go about it.

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How to set up a mobile app company in the UAE

Here in the UAE, the app market is even more inviting. Why? Because the Emirates boasts the highest rate of smartphone penetration anywhere in the world. Perhaps unsurprisingly given the country’s tech- and business-savvy population, some 82% of the nation’s estimated 9.5m residents owns a smartphone. The UAE also leads the way in app downloads in the MENA region with over 50% of smartphone users having downloaded more than five apps. The huge popularity of smartphones, and their accompanying apps, has not gone unnoticed in the region. August sees the arrival of the HostApp Summit in the UAE. The summit – the region’s largest mobile application exhibition and conference – will showcase the latest developments and opportunities in the world of mobile applications.

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Your company’s name is a powerful thing. By choosing a title which resonates with your customers, you develop a memorable brand, meaning people are more likely to choose your offering. However, as in most countries, the UAE does not allow you to name your company anything you want. While the restrictions are relatively relaxed and there’s a certain amount of common sense in what names you cannot choose, it’s sensible to get acquainted with the rules before you invest time and energy into naming your business. Here we outline all you need to know to get started.

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In our latest infographic we look at certain obstacles you might encounter if you do not opt in for Virtuzone’s VirtuAccounts.

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In our latest infographic we look at five lessons that can help you secure entrepreneurial success in the UAE.

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Leadership style

Successful businesses require strong leadership, but the leadership skills that provide the spark for a small business to take off are not the same as the skills required to keep a large corporation powering forward.
As businesses grow, their leaders must adapt and learn. So if you’re a small business leader with ambitions to scale, what are the leadership skills that you’re going to need and how can you acquire them?

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Brand awareness

Entrepreneurs often dream of the sort of supercharged brand awareness that eclipses the competitors and becomes so ubiquitous that it enters everyday language. Local companies here in the UAE that have gone from nothing to household names have done so by identifying their ideal customer, offering them sustained engagement and value without appearing to sell, and then harnessing that loyalty by exceeding customers’ expectations. Here we look at three key principles which are not only cost-effective but crucial to the sort of engagement every entrepreneur should be chasing.

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