Top tips for start-ups to succeed in the UAE
Date
8/23/2016 1:29:35 AM
(MENAFN- Khaleej Times) Business plans give you a clear understanding of how your business is put together
The UAE entrepreneurship ecosystem has swiftly increased in the last couple of years. Today's young entrepreneurs across the country are heroes in their own right. From being interviewed by leading newspapers and magazines to having thousands of social media followers around the globe, these heroes have carved their own paths to success.
Here are my key ingredients for success:
Be positive
Having a positive attitude will allow you to go above and beyond. It will help you succeed on projects and meet goals.
Build a business plan
If you're just starting out, a well-thought-out business plan is extremely important. Do all the necessary research right from the beginning, organise and plan your priorities. Business plans give you a clear understanding of how your business is put together.
Find the right resources
Once you are ready to take the leap and establish a business, you will require the right advice, resources and support. Incubator programmes such as The (W)hole by ShjSEEN, an initiative by the Sharjah Chamber of Commerce and Industry, can help get your start-up off the ground. It provides ongoing assistance to start-ups throughout their first and second year of operation and covers operational costs such as office rent costs and licensing fees.
Manage your finances
One of the major reasons for a start-up to fail is cash flow. You must learn how to manage your finances if you want your business to go beyond the start-up phase - this means budgeting for growth and not just initial costs.
Help others
The best way to achieve success is through helping others in meaningful ways. Go out of your way to help a deserving individual. Seeing others do well will motivate you to do the same.
Hard work
There are no shortcuts to success. In fact, shortcuts only cause longer delays. Success comes to those who put in the hard work. Use your strong drive and put everything you got towards your goal.
Be passionate, strong-willed
The only way to do great work and shine is to love what you do. Be genuinely passionate towards your goal. Life isn't always easy or fair, and to overcome obstacles, you will need a strong mind. If you have a strong desire to succeed, there is no limit to what you can achieve.
Network
Small or big, networking is crucial for all businesses. Attend networking events around you and meet people from different experience levels and backgrounds. Take advice, get inspired and expand your opportunities.
The writer is board member at the Sharjah Chamber of Commerce and Industry. Views expressed are her own and do not reflect the newspaper's policies.
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