Starting a Business

Small, Medium Business Ideas for Aspiring Entrepreneurs

Today’s business world contains many business opportunities, through which an entrepreneur can accomplish a lot with a simple budget. Below are some business ideas that aspiring entrepreneurs can create and get a real chance of success. Mobile appsThe number of mobile phone users grew remarkably over the past years and a large percentage of them opted to go with their smart phones or tablets instead of computers. Whether you are creating game apps or other smart phone apps, the demand for...

Building a team for your startup

 Before you can really truly begin to grow, you will have to build a great team to work with you so you can grow together. Recruiting is by far one of the most important aspects of building a successful startup. Whether you choose to go at it on your own, or you choose to build a team around you, the quality of the people that support your business will be the key to your success. Hire for Talent, Experience, and AttitudeWhen you think about your building a team, what are you going to...

Basic principles to remember while investigating an opportunity

Provided by Potential.com, Content Partner for SME Knowledge UAE   Nobody is lucky unless they deserve it; famous Roman philosopher, Seneca, states that luck is what happens when preparation meets opportunity. Small and Medium Enterprises usually look towards successful entrepreneurs or firms and think that this person was in the right place at the right time but that is not true. Every business had its ups and downs before they became giants. It is always about creating an...

A catalyst for change – good Corporate Governance can supercharge your business

Provided By Abu Dhabi Commercial Bank (ADCB), Strategic Partner for the SME Knowledge UAE Under the terms of the new Companies Act, Corporate Governance is an important responsibility for all businesses. It focuses on key activities that can help SMEs ‘raise the bar’ across vital operational areas, reaping the benefits of international standards and Best Practice. At the heart of the Governance agenda are top-quality financial and banking strategies - empowering every...

Successful Business Ideas

Provided by Potential.com, Content Partner for SME Knowledge UAE Every successful business starts with a great idea. But how can you cultivate successful business ideas of your own? Take these tips to heart. 1. For your business to be successful, you’ll need to identify a common need, and then provide an easy solution. For instance, if you’re always losing your keys, you could invent a homing device that works with your smartphone. When identifying a need, it’s also...

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Business explanation

Bella knew she had created a winning product. Her friends had always raved about her biscotti, saying they'd never tasted anything like the macadamia nut or black currant varieties. She had also tested her recipes on colleagues in the food services industry and used the comments from these informal focus groups to hone her formula.When it came to creating a positioning statement, however, she was perplexed. She knew that her unique flavors would set her apart from other biscotti bakers. She...

Location and Leasing

 OBJECTIVE:A poor location or a poorly negotiated lease can cripple a wonderful business. Every business has its own location criteria. In this session, you will define your criteria, learn how to select the right location, create a site model, and recognize the important aspects of a lease agreement.Location, Location, LocationZoning CategoriesCriteria for Home-Based BusinessCriteria for a Manufacturing, Warehousing or Industrial BusinessCriteria for a Retail BusinessLeasing...

Common Startup Mistakes

For most people, starting a business is an exciting time during which they are invigorated by the possibility of success and the fun of tackling new challenges. It is also a time to make lots of mistakes!Many of the mistakes entrepreneurs make during the start-up phase can be avoided. One of the best ways to steer clear of foibles is to talk to established business owners about what they learned during the process. Ask your attorney or accountant for referrals to business owners who have...

Business Description Toolbox

Downloadable Worksheets *How to Come up with a Mission Statement (pdf)Creating an effective mission statement is not easy. The worksheet should help you through the process. Pricing a Service Business (pdf)Service businesses need to determine their rate for "billable hours." SamplesMission StatementsSome sample mission statements; see if you understand the purpose of each business, and can identify their target customer.Product Description - Service CompanyEven service...

The UAE Government portal

  The aim of this portal is to act as a single window that provides easy access to all government services. The portal gathers information about federal and local government entities and their services for individuals, visitors, businesses and government.The portal provides many files and documents that contain open source content for use and reuse, in order to highlight government data and statistics and make them available to the public and stakeholders. Government services...

The Telecommunications Regulatory Authority (TRA)

  The role of TRA focuses on two fields: regulating the telecommunications sector, and enabling government entities in the field of smart transformation as it became responsible for the overall digital infrastructure in the country.In these two areas, TRA provides a wide choice of services, either to the public or to entrepreneurs and companies, including: E-Commerce The e-Commerce Section in TRA is responsible to license, monitor, approve, and oversee the activities of...

The Department of Economic Development (DED) in Dubai

  The Department of Economic Development (DED) in Dubai plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses. The Department's Data Center provides a group of valuable economic research and studies that it provides free of charge on the website, such as:Dubai Economic ReportEconomic BulletinDubai Economic ProspectsDubai Economy at a GlanceDubai Business Confidence IndexDubai Macro-...

The Department of Economic Development – Abu Dhabi

  Abu Dhabi Department of Economic Development (ADDED) regulates the business sector and leads economic initiatives to achieve knowledge-based, diversified and sustainable economic growth and propose the strategic and executive plans for the economic sector in the Emirate and oversee implementation. Abu Dhabi Business CentreEstablished in March 2013, Abu Dhabi Business Center aims to provide an ideal environment that contributes to making Abu Dhabi an important center in the...

Abu Dhabi Chamber

  The Abu Dhabi Chamber's vision and mission aim to contribute to contributing towards developing and organizing the commercial and trade activities in the Emirate of Abu Dhabi, increasing the competitiveness capabilities of the companies of the private sector and expanding their opportunities through providing high world-class services which would contribute to realizing a sustainable development in the emirate. The economic forecasts &industry insightsKnow the latest...

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How to start your business

Copyright © Khalifa Fund for Enterprise Development  .... This video is produced by SME knowledgeAre you thinking about starting your own business and don't know what the steps are?This video "How to start your business" explains the steps for starting your own business, leading to project success factorsKhalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio Economic Development agency of...

Four steps for developing an effective strategy for a company

Provided by Potential.com, Content Partner for SME Knowledge UAE   This video explains the four steps for developing an effective strategy.  Strategy Objective: The mission and vision of the company.Corporate Objectives: Long term objectives.Area Objectives: Yearly road map.Functional Objectives: Each ones' objective in a company.   

Starting Your Own Business - Ask Dr. Dirham

Dr. Dirham is an Emirati expert in personal financial matters who is eager to help you manage your money more wisely. An initiative by ADCED.     Starting Your Own Business - Ask Dr. Dirham