Her Excellency Al Madani, a board member of the Sharjah Chamber of Commerce and Industry, advises those thinking about setting up their businesses in the UAE.
• 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 are 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 Sharjah Chamber of Commerce and Industry, can help get your start-up off the ground.
• 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 put everything you got into your goal.
• Be passionate and strong-willed
The only way to do great work and shine is to love what you do. Be genuinely passionate towards your goal.
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.
Her Excellency Sara Al Madani is the founder of Rouge Couture fashion label, now known as Sara Al Madani Fashion Design.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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