Category: Business Ideas

The importance of first impressions – how small companies can look big

In the early stages of a new venture it’s not unusual for entrepreneurs to multi-task: they can be CEO, CFO, HR manager, IT trouble-shooter, receptionist and bookkeeper all in a day’s work. But in doing so they can waste a huge amount of time on mundane tasks, time which could be better spent on business development, company strategy and attracting new talent. Although resources for direct hires can be tight in the early stages, a whole host of mundane tasks can be affordably outsourced with infinitely better results, allowing leaders to focus their time and energy on the profitable and productive business of building a new enterprise. Here we look at just five functions you can outsource to make you more efficient, and to create a stronger impression of presence, credibility and legitimacy.

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What’s eating away at SME profit margins?

If you’re running a small or medium-sized company and seeing your profit margins eroded all round, you’re not alone. Dubai is often seen as a hotbed for SMEs in our region – even globally – yet comparing it with other centres yields a surprising result. Productivity in Dubai’s SME sector is actually lower than other trading and service-oriented economies, including Singapore and South Korea. The UAE Banking Federation reported last year that an initiative to support struggling SMEs had resulted in the restructuring of AED 7bn of debts held by 1,700 companies. In this article we examine four areas that are contributing to the SME situation in our region, and consider some solutions to help entrepreneurs develop better innovative reflexes, drive change and generate healthier profits.

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Rapid growth, fast profits – the UAE e-commerce trading licence is an entrepreneur’s dream

E-commerce – essentially the buying and selling of goods and services online – is a huge global business. In 2016, e-commerce sales totalled USD 1.86tr worldwide with revenues expected to reach USD 4.5tr by 2021. Here in the UAE, the market is just as lucrative. Research by Hootsuite and We Are Social in 2017 found that 62% of the country’s internet users now shop online – spending an average of USD 332 per purchase according to KMPG. In total, the UAE is the largest e-commerce marketplace in the Middle East and is estimated to be worth USD 10bn by 2018 (up from USD 2.5bn in 2015). Naturally any industry growing at this speed offers incredible opportunities to the entrepreneur with the skills and motivation to see success. In this article we cover everything you need to know about the much-lauded UAE e-commerce trading licence.

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Your top 10 checklist to set up a company in the UAE mainland

Entrepreneurs looking to establish a new business in the UAE have two options on location – some choose to start their company in one of the country’s free zones to take advantage of the many tax, duty and repatriation benefits. Others meanwhile opt to set up a company in the UAE mainland. So which is your best option? Well, if you are looking to trade directly with the UAE local market, undertake a broad range of business activities or take on government work then the mainland option may just be the right one for your business. In this article we go through a 10-step checklist to help you set up your company in the UAE mainland.

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The business lessons hidden behind internet headlines

The internet is a very big place. Full of information, opportunities and… statistics. The problem is that these stats are not always relevant – and they’re not always true. Still, statistics can be thought-provoking. In this article we have drawn up a list of our favourite statistics and look at the actual lessons they can teach us – whether they raise a smile, an eyebrow or even a business case.

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Seven amazing apps for entrepreneurs

Being an entrepreneur isn’t easy. You have to wear many hats – CEO, finance, marketing, sales, admin, IT – and multitask your way through the different roles, all the while trying to grow and expand your young business. Increasingly entrepreneurs are taking to business apps to keep their companies running smoothly. With that in mind, here are seven of the best apps to help you grow.

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From startup to public company: Building a business in the UAE

Going public and building a thriving international business is the aim of entrepreneurs the world over. From London to Tokyo, Los Angeles to Hong Kong, New York to Dubai, behind every startup is the dream of making it big with a flotation. And why not think big? Like politics, business is the art of the possible. All the great international companies started small. Why not your idea, your company?

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What can we learn from Dubai’s shopping mall phenomenon?

As the fourth most visited city in the world, Dubai’s reputation as the leading leisure destination in the UAE is firmly established. Now as the city gears up to host the World Expo 2020, it is expanding its horizons and encouraging entrepreneurs to think big again. So today we’re going to look at one of Dubai’s most famous features – its malls. Yes, they’re cutting-edge retail environments, but what does their success mean for those involved in any form of business (large or small) in the emirate?

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Five signs that you have a great business idea

It may come to you while you’re working late, travelling to the office, or even when you’re struggling to sleep at 2am, but there’s no mistaking the amazing feeling that hits you when you believe you’ve just come up with a great business idea – the “game changer”, as it were. The question is, how do you know whether it’s as good as you think it is? In this article we take a closer look at what you need to do to properly analyse that business idea.

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How to choose a name for your UAE company

Naming anything is difficult: A business, a product, a child. Whatever name you come up with, there will always be an element of doubt in your mind – could you have come up with something better? But at some point you have to make a decision. First, though, you need some ideas. Where do you start? And what are some of the technical and legal considerations when it comes to UAE company names?

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