Entrepreneurship, Building a Business as The Inspiration of Economical Independence

Thinking of Becoming Self-Employed?

If you are finding yourself dreading getting up in the mornings and going to work, if the days drag by and your career gives you no sense of achievement or fulfilment anymore and if you no longer feel a sense of purpose in your everyday job, then it could well be high time to take the leap and set up that business you've been thinking about for some time.

When it comes to leaving a comfortable, fairly well-paid job that may not offer many challenges or a great sense of satisfaction but does pay the bills and ensures there's food on the table, it can be one of the scariest moves to make. After all, who would go into the unknown and risk losing out on all the security that a full time job offers?

Top 4 Ways for Your Start Up Business to Thrive

Unfortunately, most start-up businesses fail within the first five years. It takes a lot of hard work, knowledge, and luck to make your business succeed and thrive. If you think you have what it takes, here are four ways to help you on your way to success.

Analyze Your Competition and Be Better

With technology nowadays, people research and do price comparisons on everything before buying. They want quality products for an affordable price. You should research your competitors and make sure your products, services, and every other aspect of your business is better. The only way to truly succeed in a business is to be the best in your niche. For example, if you sell SEO services, you have to show your customers that you deliver results faster and cheaper than your competitors'. Likewise, if you sell bath salts, your customers have to know you make quality products that are better than your competitors'' and more affordable. Remember, your business will thrive if you are the best.

Entrepreneurship And Investment in Difficult Times

For young graduates just finishing their studies, the decision to either continue studying (at the risk of increasing student debt) or to enter the competitive job market can be a difficult one to make. There’s a third option, however, that’s becoming increasingly popular in the UAE: entrepreneurship.

Entrepreneurship is not just an alternative to entering mainstream employment, however. In the UAE, where depleting natural resources has resulted in necessary diversification into industries like construction, metals and mining and hospitality, entrepreneurship is a starting point for continuing national economic diversification.

According to gulfnews.com, the UAE job market is set to absorb 405,000 new workers in the coming years, and as a result, the government has launched various initiatives that are aimed at assisting young entrepreneurs. As of 2013, there are 40 entrepreneurial programmes spanning licensing, real estate, funding, consultancy, public policy and business development and research in the UAE. The schemes are designed to help new entrepreneurs with guidance and direction via networks of experts and formalised support.

Space Saving Solutions For Start Ups

As a start up entrepreneur, you know that every penny counts. You know that you need to find ways to scrimp and save up because you aren’t sure where your next dollar is going to come from.

There are lots of ways to do this. You can buy office supplies in bulk from a discount store. You can make sure that your office is as green as possible so that your energy bills are low. You can hire contractors instead of employees to reduce your overhead. You can run your business from a smaller space.

It’s tempting when you’re starting up to splurge on big and expansive offices because you want to look as professional and well off as possible to future clients and buyers. Unfortunately buying a lot of space that you don’t yet need is the same thing as tossing money down the drain -especially if it takes a while for your business to really take off. Thankfully there are ways to use less space and still look uber professional.