Category: Entrepreneurship

When good bosses turn bad: Seven deadly sins of bad managers

If you’ve ever done any management training, you’ll have been inundated with advice on how to lead effectively. You know the kind of thing: empowering your employees, communicating effectively and celebrating creativity? All hallmarks of a good boss. But doing the right thing is often just as dependent on avoiding doing the wrong things. How to be a good boss is often best understood in the context of its polar opposite – how not to be a bad boss. In this article we look at seven common mistakes that bad bosses make.

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Setting up a company in Dubai Healthcare City Free Zone

One particular free zone that’s garnering plenty of attention right now is Dubai Healthcare City (DHCC) – and it’s not hard to see why. Dubai’s healthcare sector is booming – expected to be worth an estimated USD 28bn (AED 103bn) by 2021, according to a recent report by MENA Research Partners. DHCC Free Zone itself is home to two hospitals, 90 outpatient medical centres and diagnostic labs, plus over 2,000 licensed medical professionals – so it’s the perfect home for entrepreneurs looking to make their mark and grab a slice of this fast-growing market. In this article we look at how to set up a company in DHCC.

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Startup and beyond – evolving your business venture into an SME

There are few better places to start a business venture than the UAE. But once a businessperson has established their enterprise here, what next? One path is to take the next step and start looking to turn your startup into a small or medium-sized enterprise (SME). It may feel like a big leap of faith, but it’s a logical way to push your venture forward, increase sales, and secure your business’s future. In this article we look at some of the facts surrounding startups and small businesses in the Emirates.

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Market research on a tight budget – why it’s a must-have investment for any startup

For any business it pays to know your market – especially for a startup. Whether you’re trying to assess the level of market demand before releasing a new product or service, choosing the best location in which to sell, or simply trying to understand what factors will influence customer spending, market research is the only way to truly understand your customers’ needs and expectations. Yet market research might strike you as a time-consuming and costly investment, reserved for larger companies with huge research and development budgets. Actually that couldn’t be further from the truth. In this article we look at some of the most important ways that companies leverage market research and how it can be done on a tight budget.

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The best of both worlds: Own a UAE company and run it from your home country

Entrepreneurs across the world are attracted to setting up and running their businesses in the UAE – even those who prefer not to relocate to the Gulf. In its Vision 2021 strategy whitepaper, the UAE stated its desire for foreign direct investment to grow to 5% of GNP. So with favourable terms, processes and ever-evolving business frameworks, the UAE is an ideal place to start up. Want to be a part of it? Here’s how you can get in on the action remotely, without the disruption and stress of relocating.

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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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Is receiving too many emails sucking the life out of your working day?

Email has revolutionised business communication in the last 20 years. Its speed, efficiency and relatively low cost has seen usage balloon, with the estimated daily volume of emails in 2017 coming in at around 270 billion, up from 182 billion in 2013. Yet, we’re increasingly relying on email for things it was never designed to do. The inbox has become our task manager, to-do list, de facto project management tool and, for many of us, our essential data archive. Your inbox shouldn’t be a place to store emails: you wouldn’t store regular mail on your doormat… Yet that’s how we treat email. In this article we look at some of the ways emails are affecting our working lives and what we can do to reduce their impact.

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Dubai Studio City – a great location for media and production companies

Aimed at businesses in the broadcasting, film production, TV, music, and entertainment sectors, Dubai Studio City boasts a host of cutting-edge broadcast and production facilities including backlots, sets, water tanks, production suites, recording studios and offices. As studio facilities go, DSC is unrivalled in the region. So, if your business could benefit from working in such an environment, here’s everything you need to know about setting up in Dubai Studio City.

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Dubai International Financial Centre – set up in the UAE’s premier financial free zone

Dubai International Finance Centre (DIFC) is located in the heart of central Dubai, making it the ideal hub for businesses wishing to tap into the fast-emerging financial markets of the Middle East, Africa and South Asia. The free zone’s internationally recognised and independent regulation, and enabling environment make it one of the least complex pathways into the heavily regulated financial industries. So, if you’re looking to make an impact in the money markets of the UAE, there are few better places to call home. With that in mind, let’s look at some of the key benefits on offer when setting up a company in DIFC.

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Exit stage left, centre or right? Why you need an exit strategy for your business even before you start

It seems strange to be planning to exit your business before you even get started. But this is something that all savvy entrepreneurs do when preparing to launch a new company. It only makes sense. You owe it to yourself, your employees, and your other stakeholders to have a plan in place for the time when you need to move on. This kind of change, even if it’s a positive move for the business, can be difficult and distressing for people who’ve been with you from the start. So it’s important to start thinking about your options as soon as possible. Here are some of the things you should be considering – even at the start of your journey – in preparation for an exit scenario.

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