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Virtuzone Business Intelligence

Category: Business Skills

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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Dubai Education Company

Hunger for excellent education and training is growing fast in the UAE. And according to education industry leaders, demand is currently outstripping supply. So providers of education and training who offer the kind of teaching that UAE residents are looking for can expect to reap rewards in the coming years. However, if your educational company plans to begin offering any kind of training services in Dubai you will first need to obtain approval from the Knowledge and Human Development Authority (KHDA). So, what is KHDA and what do you have to do to get KHDA approval?

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Indian doing business in UAE

For Indian entrepreneurs looking for a place to do business, the UAE has proven to be particularly fertile ground for many years and looks set to continue in that vein for years to come. India has a close historical relationship with the UAE and Indian nationals come to the region every year to pursue entrepreneurial ambitions and secure a future for themselves and their families. So what’s the big attraction?

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Risk Takers In Business

‘People who take risks are more likely to succeed as entrepreneurs.’ If you’re thinking about starting your own business, you’ve probably come across this theory before. Usually while learning about the rags-to-riches backstory of your favourite entrepreneur, who, at some point, took a lot of risks which paid off. So is success just a case of daring to do something, or is it more complicated than that? Here are some tell-tale signs of entrepreneurial risk-takers.

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Debt collection in the UAE

Past due

The UAE is one of the most challenging places in the world for collecting debt, according to the 2018 Global Ranking on Debt Collection. It’s not getting any easier over time, and it’s time consuming, stressful and costly for business owners. Still, debt collection needn’t be so burdensome if you know what to look out for, and how to respond effectively when your debtor doesn’t pay on time. Here we look at the steps you need to follow to reclaim your debts.

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In this infographic we look at four elements that may be ruining the profit margins of SMEs and what companies can do to avoid each one happening.

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How to stop talent walking out the door

Employee retention

Did you know that 40% of employers worldwide are finding it hard to fill key positions in their organisation? There’s a shortage of talent globally. In an increasingly mobile and connected world, attracting and retaining the best employees is more competitive than ever, and startups are not excluded from this. Fortunately, your business can address this issue in a cost-effective way.

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Accounting knowledge

Good financial management is vital to the success of any business. But nowhere is it more important than for startups – where margins are often tighter and the risk of failure much higher than in more established companies. No business wants to fall behind with their accounts. But with busy schedules and limited resources it’s not always possible to stay up-to-date. For businesses in this position, outsourcing can be an option. But before we get on to the merits of outsourced accounting, let’s take a look at exactly what a solid accounting process should entail.

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AI efficiency

You will no doubt have read how the likes of Google, Amazon and Apple are making a huge push with artificial intelligence (AI) in their new products. But what does this mean for the workforce? Will it be a good thing, freeing humans from the mundane jobs and enabling them to explore their creative talents, or will it just put half the population out of work? And as the owner of a startup, what does it mean for your business specifically?

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Entrepreneurs growth

Entrepreneurs are thriving, especially in the UAE. According to MAGNiTT, in the first half of 2017, 27% of investment deals in the UAE were at seed stage, showing active investment in early stage startups. Yet while your entrepreneurial dreams may have been boosted by hearing many success stories, there are always things you won’t have heard. I’m talking about the lessons that those who’ve already made it don’t really want to share – for fear of embarrassment or scaring away others. So here are five of the biggest lessons a budding entrepreneur should learn, and how to use them to build a stronger business.

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