Category: Entrepreneurship

Missing something? Why great entrepreneurs lack certain traits

You know by now that an entrepreneur should be bold, and that thriving in uncertainty and having strong vision are all important parts of the success you desire. But what do most entrepreneurs lack, and are those deficiencies to their benefit? Here we dig into this topic to uncover interesting truths that underpin the success and failure you may experience in business.

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Risky business? 5 far-fetched business ideas that became big hits

In a single decade, industry thinking can move so quickly that what once seemed ridiculous can not only be made real, but quickly become a cornerstone of society. So what are these once-crazy ideas – and what can you learn from them when developing your business’s offering?

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Fear factor: Four anxieties you must overcome to succeed as an entrepreneur

Many would-be business founders never take the leap into entrepreneurship, for fear of what might happen. But is fear a barrier to success or a motivator? Here we look at four common fears that haunt new entrepreneurs, how they can affect your business, and how to overcome them – or at least start thinking about them in a different way.

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Disrupting the market: is it essential for business success?

It’s become a catch-all phrase for almost any business innovation that shakes up and challenges the dominance of incumbents in a given market: disruptive innovation. But what if your business idea is not so revolutionary? What if it’s just a service or product that fills a gap in the market? Can it succeed without setting out to be disruptive? And what can you learn from those disruptive success stories that could be of benefit to your own business?

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Can AI help your startup cut costs and improve 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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Too big too soon? The fine art of managing company growth

Managing growth is about more than just the present. Considering and seizing opportunity only as it arises may work for some, but it isn’t enough for the entrepreneur who is seeking genuine, sustainable expansion for their business. Growth can contain an insidious threat that is couched deceptively within current success. The picture is repeated every year across the global business world; revenue is increasing, clients are flooding in and as suddenly as success appears, it is followed by failure. So today we talk growth: why it matters, where entrepreneurs get it wrong and how you can learn to capitalise on it safely.

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5 tough lessons every successful entrepreneur has to learn

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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5 signs you’re a serial entrepreneur – and what that means for your business

Serial entrepreneurs often exhibit traits which set them apart from their one-time counterparts. These characteristics help explain why, instead of just cashing in and retiring, some business owners just can’t stop founding new ventures. And that’s important for us here in Dubai: startups and SMEs are the lifeblood of our economy, accounting for 95% of all enterprises in the emirate and 43% of the total workforce. But what differentiates a successful serial entrepreneur? How can you tell if you’re in that category, and what are the signs to look out for?

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From a one-man show to the leader of an army – when is the right time to hire?

Making an expansion decision can be tough and even confusing. Employing staff too soon can have a costly effect in terms of cash flow problems that can easily drown your business. On the other hand, delaying your decision can result in missed opportunities, either in terms of capitalising on a growing market or expanding your business. Identifying the right moment to hire, therefore, is the key differentiator between a failed startup and a successful business. But how would you know whether the time is right or not?

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Who are the biggest foreign investors in Dubai and how can entrepreneurs get some of the action?

Dubai retains great lustre and appeal as a foreign direct investment (FDI) location. The most recent figures show clearly that the city has strongly cemented its position among the top global destinations for FDI capital. In 2016, with investors from leading industrial countries such as the US, Canada, the UK and France all demonstrating high levels of confidence in the emirate, Dubai attracted AED 25.5bn (around USD 7bn) of foreign investment, strengthening its reputation as both a trustworthy and stable home for foreign capital and an ideal location for entrepreneurs and new ventures.

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