Becoming an Entrepreneur in Dubai

Dubai is a great place for entrepreneurs and startups. It has accelerators that strategically design opportunities for companies as there are numerous advantages when registering your company in Dubai. Being the wealthiest city within the Gulf Cooperation Council, Dubai serves perfect for any sized business.

What suits Dubai to be best for your company?

The attractive location of the Middle East along with the wide benefits catering to the startup circle are some of the perks that Dubai has to offer. Some of the other benefits are:

• The Tax-Free Environment
• More than 30 Free Zone locations in Dubai
• International and Local Trade Practices
• The locally-based accelerators and incubators
• World Class Leading Infrastructure
• The locally-based Investors outreach
• Easy approach for Company Formation and Set up
• 100% Foreign ownership for Mainland & Free Zone Companies  

The entrepreneurs have solid ideas to drive and execute for joining the economic growth of the country. The competition is fierce as Dubai is the ideal place for many people.

How to be an entrepreneur in Dubai

Few of the top nominated skills every future entrepreneur have to keep in mind:

Sales, Networking and Relations

The company vision, mission and goals are the basic guidelines for every company formation that seems important, the longevity of any organization is their sales. Big time entrepreneurs and investors just believe in one motto: Defining that “Sales Cures All”. You can invest time in networking and building relationship pipelines to keep your organization alive and healthy.

Stay dedicated, focused, and adhere to the business plan

Entrepreneurs drift off their business plan and replicate the pre-existing business model by assumption. It may be because the business model worked for another company that could yield similar results. However, that is not the case. Stay focused and be patient when things start to drift downhill, as it’s the way of the market. Situations deteriorate in off-seasons and maintaining a focused, sustainable business plan path is the key to overcome. The key is staying focused, crunching your budgets and expanding your reach.

Work Smart and Hard

Working hard to maintain the hours is the key; running your show won’t clock out at the end of the day. In free time and time off the clock, you must be dedicated to networking that leads you closer to a deal. This would include weekends and nights. Working hard alone is not all it takes; being SMART is equally important.

Be Specific: The objectives need to be specific and described positively to the public.

Attainable: Attractiveness serves as key to the team and to your clients; be attainable most of the time.

Being Measurable: Every goal and achievement should be measurable.

Being Realistic: Not only you do offer service, hence be realistic and up to date, watch out for competition at all times.

Be Time-Bound: How can we measure profit when tasks are not timed? Tasks can be monitored and timing makes all the difference in winning.

To build a sustainable, homegrown business is desired by banks, investors, clients and customers. It’s not only the ideas that make organizations the “best”; instead the execution of building a reputable and honest brand image. This can be hard, but remain focused on your goals, be open to ideas from employees that help your organization grow and also respect your competitors. Implementing these behaviors in your company gives you every chance to lead within your industry.

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Originally posted 2021-09-29 09:16:42.