UAE business blog for people with entrepreneurial spirit
Franchising has matured since Ray Kroc opened his first McDonald's in 1955 in Des Plaines, Illinois. First-day sales at that restaurant were $316.12. In 2016, McDonald's annual sales topped $24.6 billion at nearly 37,000 restaurants in more than 120 countries – with about 84 percent of those stores owned by franchisees. Daily sales per franchised... Continue Reading →
Don’t you wish you could be as lucky as Mark Zuckerberg or Elon Musk, who always seem to be in the right place at the right time for their business ideas to thrive? After many years of working in large companies as well as small, and watching the people that succeed, I’m convinced that luck... Continue Reading →
There are a number of reasons that someone can decide to start up a business venture. Some look for the freedom of controlling their schedules, while others want to work from home. Still others have an idea for doing something differently than it has ever been done before. For every entrepreneur, however, there is a basic... Continue Reading →
“The essence of strategy is choosing what not to do.” ― Michael E. Porter It is important for every company to engage in strategic planning at various stages of the corporate life cycle. This planning involves asking important questions, collecting the correct data to answer those questions, and choosing among good alternatives. Each company will... Continue Reading →
What does it take to build a great company with the lowest possible risk? Building, managing, and maintaining the ideal team around your business is a must if you want to succeed in what most people fail. That is to build a successful business. Outsourcing is a low-risk option to build a highly scalable business. There are many... Continue Reading →
If you are a company offering professional services, you may find yourself struggling to differentiate your business from others offering similar services. How do you make yourself stand out in the field? How do you land those ideal clients? The key is to focus on elements called differentiators. Differentiators Make the Difference Differentiators are what... Continue Reading →
How do you know if you have the right idea for a startup? Is it really possible to ever know? Most startups fail. The better job you do validate your business idea the more likely will you succeed. And, you might wonder: Which metrics can I measure to prove that my startup idea is right? The most important idea is... Continue Reading →
All entrepreneurs have to choices: begin a new business or buy an existing one. Many entrepreneurs opt to build a business to save some money, but an increasingly large amount of them are turning to buying e-commerce businesses. With that in mind, here are four things to look out for if you are an entrepreneur... Continue Reading →
Passion is the best entrepreneur painkiller. What keeps entrepreneurs going? Is it: Greed? Hunger for more power? The wish to be the boss? Their inability to be employees? I doubt it. In a world where most businesses fail, greed cannot be what keeps entrepreneurs going. There are safer ways of making money. You can always... Continue Reading →
Have you ever considered giving up? How do you know when giving up is more beneficial than pushing on? Failure is a common element of each success story. Knowing when failing is the better option is one of the characteristics that make an entrepreneur. On one hand, you hear people say that you should never ever give up... Continue Reading →
Are millennial women more likely to start a business? There is no doubt that millennial women have a different attitude and outlook than previous generations. According to a study done by PR firm Zeno Group, only 15 percent of Gen Y or millennial women aspire to become the No. 1 leader of a large corporation. One of... Continue Reading →
Did you know that businesses that are started by more than one person are more likely to succeed? You need a team to succeed in business. Every great team starts with the right business partners. Perhaps more than anything, who you select as your co-founder will determine whether your startup fails or succeeds. Finding a co-founder is difficult, but... Continue Reading →
Do you ever wonder why most businesses fail? When you start a business there are many things you don’t know. Screwing up is part of the fun. OK, so it’s not always fun, but it’s going to happen anyway. You might hear a failed entrepreneur say “We ran out of money”. Others will tell you “We were crushed by... Continue Reading →
Everybody should start a business at least once. The first time I wanted to start a business I was only seventeen years old. I gave up on it. I wish I hadn’t. The most powerful voice in our life is the one that is inside of our own head. It can be an amazing cheerleader or a constant killjoy.... Continue Reading →
How to start a business customers love? Attracting paying customers is what separates entrepreneurs from wantrepreneurs. Ask any entrepreneur and she will tell you that getting customers is one of the hardest parts of business. The inability to attract customers cost effectively is one of the common reasons businesses fail. Do you know your customers’ needs?... Continue Reading →
Entrepreneurs often waste their time on the wrong things like: Worrying about vanity metrics. Working on an administrative task that could be easily outsourced. Spending more money on things that won’t help to grow their business. Micromanage employees. Putting out fires instead of working on the bigger goals. Repeat doing the same things over-and-over instead of creating... Continue Reading →
Start by replacing the old clunky business plan with your own success strategy. It is shorter than a business plan and it is much simpler too. When you start a business or want to strategically grow your business you must have a plan. The best business strategy starts with answering a long list of questions. Here is the... Continue Reading →
Is this a good time to start a business – is perhaps one of the most frequently questions asked by many aspiring entrepreneurs world over. Is there a right answer when it comes to the question “Is 2018 a good time to start business in Dubai?” The answer is yes. In other words every time... Continue Reading →
Do you want to know if you are a born entrepreneur, right? Me either 🙂 Before you start a business you might be thinking if you have what it takes to be an entrepreneur. I will share my thoughts and observation how successful entrepreneurs, in my opinion, think and act differently. We all know about... Continue Reading →
Want to start a business in Dubai but short of an idea? The business idea is the start of every successful company. One of the toughest part of start a business is the idea stage. It’s not that people can’t come up with a business idea. The problem is that the idea might not be the right idea for them. If you don’t know what business to pursue, this article is for you.
This is a Million Dollar question and indeed the search for a golden bullet to succeed continues world over. Most people who dream of starting business are often attracted by the success stories they see around them. This becomes sometimes the motivating factor in becoming an entrepreneur. Such motivators have a very important role in... Continue Reading →
