Category: Startups

Recovering from disaster: How smart companies handle a PR crisis

Public relations (PR) disasters come in all shapes and sizes, from annoying service suspensions to fatal acts of sabotage, with brand capital that has taken years or decades to build up evaporating in the turn of one unfavourable news cycle or social media storm. Every business will, at some time, suffer a crisis that threatens its reputation, but if handled properly, it need not threaten the survival of the business. We look at notable examples of how smart management has helped companies rescue success from the jaws of disaster.

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Building a company without financing – can it be done?

At the end of 2015, there were 350,000 SMEs in the UAE, providing jobs to over 86% of the private sector. They accounted for over 60% of the country’s GDP, and the National Agenda of the UAE Vision 2021 projected this growing to 70% by 2021. There’s obviously no shortage of optimistic entrepreneurs in the UAE, and the government knows it. But running a business isn’t the same as knowing how to finance it without outside help.

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Out-of-Office: Why a ‘work anywhere’ culture can benefit your business

With three-quarters of UAE employees reporting that a remote and flexible work schedule increases their productivity, entrepreneurs and business owners are increasingly looking at the potential gains of adopting a remote ‘work anywhere’ culture. And it’s a worldwide trend. The Work Foundation predicts that by 2020, mobile working by individuals and organisations will reach an adoption level of 70%. But is this just a case of employees taking advantage of mobile technology to make their working life more comfortable, or are there measurable benefits in remote working for employers and clients?

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Setting up a company in Abu Dhabi Global Market

Any entrepreneur launching a business in the UAE should at the very least think about one of the nation’s free zones. On top of many headline benefits, each free zone also offers its own plus points that differ from one to another. Take Abu Dhabi Global Market (ADGM), for example. Set in the heart of Abu Dhabi, it is the ideal location for businesses in the financial sector – particularly private banking, wealth management and asset management. If this has caught your eye, there are a few things to understand before establishing your business in ADGM.

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Entrepreneur vs solopreneur: Who will win the business race in the UAE?

With low tax requirements, simple setup solutions, established infrastructure, and a whole wealth of government support, it’s plain to see why so many choose to start a company in the UAE. Choosing the right startup style, however, is critical; you must decide whether to be an entrepreneur or a solopreneur – a manager of a business, or an individual specialist. While the two share common traits and advantages in business, the mindset of one is very different to the other. But is there really much difference between being an entrepreneur and a solopreneur? Let’s break it down and see.

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9 reasons why Virtuzone is the UAE’s No 1 company setup specialist {INFOGRAPHIC}

Offering a wide range of company setup options through a diverse and multilingual staff, Virtuzone has been helping clients set up their very own UAE companies since 2009. For a multitude of reasons, we are the UAE company setup partner you need.

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What is Dubai Creative Clusters Authority – and how can you set up your company there?

The UAE’s free zones are popular with entrepreneurs from every corner of the world. A quick glance at the benefits on offer and it’s not hard to see why they grab the attention – zero corporation and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption. For businesses in the creative industries – those that use intellectual capital as their primary input –there are even more benefits on offer thanks to the Dubai Creative Clusters Authority (DCCA).

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Startups are not forever – understanding what your business is, and what it isn’t

In an enterprise hotbed like the UAE, where new businesses are launching all the time, the term startup can be misleading. Because while all startups are new businesses, not all new businesses are startups. This may seem pedantic but there are some essential differences between starting up a small business and launching a startup, and when it comes to defining your business, it helps to know what they are. Aside from the level of risk and growth potential, there are some practical differences that will affect the way you go about launching a startup as opposed to starting a small business. We look into these differences in more detail.

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The billion-dollar question – which giant companies have secret financial problems?

Whether you’re a new entrepreneur or CEO of a giant multinational, some things never change: financial problems can affect everyone. So what can we as entrepreneurs learn from the experiences of the major players? After all, they all maintain strong public profiles. Are there really problems which are being hidden from the public? In this article we look at five examples where we can safely say that the outward appearance doesn’t chime with the balance sheet, and what we can learn from these cases.

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Setting up a company in twofour54 Free Zone

When we look at the many reasons why overseas entrepreneurs do business in the UAE, the nation’s free zones are often top of the list. Offering 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, plus 100% import and export tax exemption – little else compares in terms of business benefit anywhere in the world. Abu Dhabi’s twofour54 Free Zone, for example, serves up a range of benefits specifically to companies in the publishing, media and related industries such as animation, graphic design, music production, and talent management. If you’re in the fields of media and publishing and looking to make tracks in this part of the world, here’s everything you need to know about this fast-growing free zone.

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