Virtuzone Business Intelligence

Category: Mainland Company

Franchising your brand: Should it be part of your long-term plan?

Franchising your brand: Should it be part of your long-term plan?

The benefits of choosing the franchise model as part of your long-term business plan can often be compelling. From raising capital without surrendering equity to supercharging your brand, it can give you the chance to grow your business quickly in the knowledge that your customers will receive reliably consistent levels of service and quality from your franchise outlets. Here we look at a few of the pros and cons of the franchising model to see whether it might be right for your business here in the Middle East and North Africa (MENA) region.

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100% foreign ownership

100% foreign ownership of mainland companies: What does it mean for you?

When it comes to starting a business in the UAE, local ownership restrictions is perhaps the number one issue that leaves foreign entrepreneurs scratching their heads. However, in an official announcement, shared via Twitter on May 20th this year, HH Sheikh Mohammed bin Rashid Al Maktoum declared that following a cabinet meeting, ‘we decided to allow 100% foreign ownership of companies in UAE’. Here we look at what this could mean for you and your business.

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Debt collection

5 easy ways startups can manage debts from day one

Starting your own business often means getting into debt. You might have a little equity of your own for the setup. But chances are you’ll also be using a loan, a credit card, or even a few investors. And as startups generally don’t see profit for three to five years, this means you’ll be in debt to some degree until business takes off. So here are five easy ways to keep on top of it – along with a few warnings to keep in mind.

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Finances for your business

What’s on offer? How to source finance for your UAE startup or SME

Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say ‘finance’. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid cash-flow problems and barriers to expansion. To help you assess the different forms of business finance in the UAE, we’ve pulled together some of the more interesting options open to entrepreneurs looking to take a startup or SME to the next level.

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Entreprenuer

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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Company going global

Welcome to the world: Are you ready for your UAE company to go global?

Your business is booming, profit is increasing, your company is growing. It’s an exciting time. So is it now time to look at global markets? Here we examine the practical steps you can take to prepare for the challenges ahead.

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Employee retention

The cost of employee retention: How to stop talent walking out the door

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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Overcome anxieties

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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Company growth

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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Offshore companies in UAE

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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