Impact of Coronavirus on the UAE Economy

What is the coronavirus? And what are the impacts of this virus?

Additionally, through what ways are effecting the economic values of the UAE? All the answers to your questions detailed in the following article. The coronavirus is the disease that is spreading all over the world. It is spreading very fast that we can’t even imagine. 

The coronavirus has spread great terror amongst many people. The viral disease is spreading from person to person. Thus, the government of the United Arab Emirates has decided to lock down everything. Therefore, people should stay in their homes. 

By staying at the home mean, you should avoid contact with other people and take care of yourself. This disease has many impacts on the routine life of everyone. The virus is also affecting the economic values of the state. 

The globally spread disease was at first detected in China’s country named Wuhan. Further, this disease is then spread all over the world. The World Health Organization declared the corona-virus as a worldwide pandemic. Although to its excess it is spreading towards 110 nations. Also, this has infected almost a great number of people. 

Although, according to the associated press. The disease has a great effect on countries like the United Arab Emirates, Saudi Arabia, Bahrain, and Oman. Yet, all these have a great number of coronavirus cases. This is the time when the whole world is suffering from coronavirus while UAE is involved in other problems as well. Problems that include this virus, various conflicts, stress, economic crisis, as well as the political unrest.

COVID-19 keeps on affecting markets including all the national as well as the global economies. But, the Gulf economies were already coming at the lowest points before the spread of the coronavirus. The economy of Saudi Arabia and the United Arab Emirates both have marked shortcomings. 

On account of the UAE, the Purchasing Managers Index (PMI), presents a great amount of prevailing direction towards the economic trends. The assembling and administration sectors fell 50 marks because a sign of contraction is present in those areas.

Additionally, combining that with a 6% year-on-year drop in the prices of real estate. These led down the value of the Dubai private sector and the real-estate sector. The real-estate sector has slowed down the development within three years. Besides, the development of the decrease rate of the economy is a marker of concern.

Hope for the economy in the UAE 2020:

The only hope for the development, for the Emirates, is Expo 2020. The exhibition is going to get scheduled and launch in October of the existing year. Likewise, this would run through to April 2021. 

With the cancellation of the event, which is a very low possibility, this would have a major negative effect on Dubai and its economy. Whereas, the expo 2020 was expecting to help the country to progress. Besides, it would also help those who are experiencing the difficulties of a disturbed economy. 

The committee counsel that was going to lead by Sultan Saeed Al Mansouri, Minister of Economy, incorporates agents from different competent bodies. Besides the fact that it is the fundamental part of the government. The preventive measures to deal with the aftereffects of the spread of the COVID-19 virus on the economy. The fundamental measures to help the national economy and to promote its different activities. 

Following the Cabinet’s approval of a Dh16 billion to boost the economic package of activities. To help and manage the organizations and give an extra impetus to the national economy. Besides that completing the existing economic packages that are going to get declared by the Abu Dhabi government, Dubai and the Central Bank, totaling Dh126.5 billion.

What are the Precautionary Measures:

The Committee will propose precautionary measures to lessen the negative consequences of the COVID-19. The coronavirus has a great impact on the nation’s human resources and economic sector. Every year UAE draws in more than 17 million visitors, Damak stated, but this year it plans to pull in 25 million visitors to Expo 2020 Dubai in October. 

Saudi Arabia gets 20 million visitors every year, the more significant part of the visitors for religious purposes. However, the kingdom has temporarily suspended the entry to the country. Further the visitors coming with the purpose of performing Umrah and visiting the Prophet’s Mosque. However, it is an essential place for Muslims to visit.

Damak said, at this stage, it is challenging to tell if Expo 2020 can be arranged or not. Yet, this might affect the pilgrimage season which usually starts in July. Further, this will be affecting the viral infection spread worldwide and would outbreak. In addition, if this would be the situation, then the economic impact on both Saudi Arabia and the UAE would be higher than what we currently expect.

According to the following article:

https://middle-east-online.com/en/uae-support-economy-coronavirus-impact

This virus outbreaks and has begun to hit the vital sectors of the UAE economy. Presenting it with the example, tourism, and aviation. Abu Dhabi, the capital of the United Arab Emirates, allocated 1 billion Durhams ($272.27 million) to establish a reserve “to improve liquidity and maintain the balance and the market interest in stocks,” the Abu Dhabi Government Media Office stated on Twitter.

The nation’s stock markets have failed within two weeks, with Dubai’s main index tumbling about 30%. However, Abu Dhabi is sinking around 25% in a similar time frame, as the tumbling oil costs include further pressure on the Gulf economies. 

Abu Dhabi said it would assign some further 3 billion Durhams for a credit to ensure a plan for small and medium-sized enterprises (SMEs). To restore financing by local banks, while another 5 billion Durhams will go to sponsor utility bills. Several expenses were rejected or diminished, including the registrations of the real estate. The new businesses and tourism as well as sectors including hospitality.

Conclusion:

No one knew how long does corona-virus last, thus the government has decided to lock down everything for almost two weeks. Furthermore, within these two weeks, the stock market and economy rates of the UAE have decreased as well. Although everyone must follow the corona-virus precautions to stay safe and protected. 

The nation’s stock markets have failed within two weeks, with Dubai’s main index tumbling about 30%. Hopefully, this article has helped you. This article would let you know more about corona-virus and the impacts of the corona-virus in the UAE. That is why you should maintain social distance and stay safe.

What is Coronavirus and how to prevent this disease?

What is a Coronavirus:

However, this virus is considered to be the type of coronavirus. A coronavirus is a group of infections that can multiple illnesses that include, cold, severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome (MERS).

The new coronavirus is spreading from person to person among those who are in close contact. Through the respiratory droplets, it is spread, when somebody who is infected with coronavirus coughs or sneeze. It’s still not clear how contagious this virus can be.

Where did Coronavirus come from?

A virus that has been spread worldwide is called as the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Nowadays this disease has been recognized as the main cause of illness. However, this disease started in China in 2019. The infection is named coronavirus disease 2019 (COVID-19).

What can I do to avoid becoming ill?

World Health Organization and Centers for Disease Control suggest the following ways that should be made necessary to avoid COVID-19:

  1. You should avoid events and gatherings that are surrounded by many people.
  2. Try to avoid close contact and maintain a distance of about 6 feet with anyone having symptoms or feeling sick.
  3. Have distance between yourself and other people if COVID-19 is spreading in your community. Especially if you have a weak immune system or higher risk of serious illness.
  4. Wash your hands regularly with soap and water for almost 20 seconds, or use an alcohol-based hand sanitizer that contains about 60% of alcohol.
  5. You should cover your mouth and nose with your elbow or a tissue when you need to sneeze or cough. Discard the tissue that you have used.
  6. You must avoid touching your eyes, nose, and mouth if your hands aren’t clean or sanitized.
  7. Clean and sanitize surfaces you frequently use in your regular routine.

How can I avoid the risk of infection?

Here are a few precautionary measures you and your family can take to stay away from the disease: 

  • Wash your hands every time you touch any area that might have germs. 
  • Cover mouth and nose with tissue paper whenever you wanted to sneeze or cough. To discard utilized tissue right away after using it.
  • Maintain distance from close contact with any person who is having a cold or flu. 
  • Go to the hospital if you or your family member has a fever, as soon as possible.

How to wash your hands properly:

Step 1: Wet hands with running water 

Step 2: To cover wet hands applies enough soap.

Step 3: Wash all areas of your hands including the back of hands, in between the fingers and under the nails for almost 20 seconds. 

Step 4: Rinse your hands completely with running water.

Step 5: At the end dry your hands with a clean towel

Wash your hands frequently, before eating; after cleaning out your nose, sneezing, or coughing; and before going to the bathroom.

If soap and water are not available at the moment, utilize an alcohol-based hand sanitizer with 60% of alcohol. Continuously wash your hands with soap and water, if you notice any dirt on your hands.

Should I wear a medical mask?

Prefer wearing a medical mask is advised if you are having a weak immune system or have respiratory symptoms. This includes both(coughing or sneezing) to protect others from getting it. 

If you are not having any kind of symptoms, you are free and then there is no need for you to wear a mask.

If you are wearing masks, then you must know that these masks should be disposed of properly to ensure the safety of others. Disposing of the masks would lessen the fear of reusing it and to avoid the risk of transmitting the virus into others. 

Not only wearing masks are enough to stop infections from spreading and must involve frequent hand washing as well as covering sneezes and coughs, and avoiding close contact with anyone who is having the symptoms of a cold or the flu.

Does coronavirus affect infants?

Although we don’t know much about this virus, how it influences kids or pregnant ladies. However, it is possible for people of all ages to be contaminated with the infection. But there are not many instances that indicate that COVID-19 is infected among kids. 

The infection is dangerous and causes death in various cases. Therefore, it is necessary for every person to take care of themselves.

What if I have the symptoms of COVID-19?

Go to the hospital for the checkup, but do remember that it is flu season in the Northern Hemisphere. Further, the symptoms of COVID-19, including, cough or fever that can be like this season’s cold virus, or can be basic cold.

Keep on following good hand and respiratory hygiene and keep on maintaining the habit of washing. And keep yourself and your children up to date with the latest vaccinations. These vaccinations will save your children from getting the virus and different microscopic organisms that might cause sicknesses. 

What to do if we travel?

If you are planning a trip abroad, you check the travel and tourism advisory for the desired country you want to visit and consider any limitations on the entry, what are the quarantine requirements on the entry, any other travel advice you need to know before traveling. 

Before you travel towards another country and get isolated due to the viruses spread all over you should check the most recent COVID-19 precautions and updates on the International Air Transport Association site. This will help you get to know more about the conditions of nations and what are the precautionary measures.

Clean your seat, armrest, touchscreen, and so on with a sterilizing wipe once you get inside an airplane or another vehicle. Additionally, utilize a sanitizing wipe to clean key surfaces, door handles remote controls.

If a family member has symptoms?

You look for medical care as soon as possible if you or your youngster has a fever. Consider calling your health care provider if you have made a trip to an area where COVID-19 has been viral, or if you have been in close contact with somebody who has gone from one of these areas and has respiratory symptoms.

Conclusion:

Coronavirus is a serious disease that is spreading all over the globe covering almost everyone. The virus can be controlled with special care and self-isolation. In order to save yourself from the virus, you must follow a few healthy habits and isolate yourself so that you won’t get the disease. The proper way of washing your hands and avoid unhealthy activities would probably save you from getting this virus.

The Coronavirus in the United Arab Emirates in 2020

The coronavirus, which is declared as a pandemic by the World Health Organization. The United Arab Emirates on Saturday announced that they will stop all entry visas for all the visitors. This banning of visitors is to lessen the risk of the novel coronavirus from spreading.

An announcement made by the Federal Authority For Identity and Citizenship said that the basic point of this decision was to control the people to their homes and carefully avoid going out. But, with the spread of the coronavirus, many people were dying. These decisions were made for the protection of the people until a proper coronavirus vaccine is fortunately discovered.

The authority includes that the decision made will implement effectively until the countries enact a medical screening test for the travelers as a safety measure. All the events planned occasions by various hotels, and all the entertainment places in Dubai have dropped as the pandemic keeps on haunting governments around the world.

The novel coronavirus has caused an excess of deaths and also affected half of the world. It has spread from the wet markets of Wuhan, China, where it began. This disease has affected many people in almost 100 nations too.

Dubai Expo 2020 expected to get delayed for almost a year. Besides, until the coordinators and organizers of the event agreed to allow global tourism. Further, the business industries to get recover from the outbreak of the coronavirus. 

At a virtual meeting, this decision is made confirmed at the 2020 Expo steering committee, representing UAE officials, and other foreign countries that were set to present the idea to postpone the expo. The organizers agree to investigate with the BIE and the World Expo governing body, with the chance of a one-year postponement of the opening of Expo 2020. 

The UAE has passed another law, to guarantee there is enough supply of the food in the country. However, at any emergency, we might not get low with the food supplies. The law expects retailers to permit observing of their inventories. Vendors who store the food supplies or don’t follow the laws will get punished.

President Sheik Khalifa affirmed Federal Law No. 3 of 2020 to manage the food supply in the nation. Every single enrolled vendor, including retailers, needs following the law. Further, those who try to neglect the law and avoid the rules made by the government will bring about immense fines and prison terms.

The Ministry of Economy will enforce the law and work with the National Emergency Crisis and Disasters Management Authority (NCEMA). To make sure the inventory of the food satisfies the need for food in case of emergencies. The retailers will distribute the food stock as coordinated by the NCEMA if there arises an emergency. The law expects retailers to strictly follow the guidelines governing the area and the standards of the storage.

The persons who neglect the laws will get hit with a heavy fine between Dh500,000 and Dh2 million. Retailers should likewise authorize online monitoring of the supplies, food stock, and the storage capacity conditions.

However, on the NCEMA’s order, the retailers who don’t open their warehouses for food will be charged fine between Dh1 million and Dh5 million and can be imprisoned. Further, if they try repeating the offenses, punishments will be doubled. Both the government and people stand side by side with countries in this hour of need.

According to the following article:

https://www.al-monitor.com/pulse/originals/2020/03/uae-iran-medical-aid-coronavirus-outbreak.html

The two airplanes, which took off from Abu Dhabi on March 16, were carrying 32 tons of medical supplies and the necessary equipment. The necessary equipment including a great set of gloves, surgical masks, and other defensive equipment, as indicated by the UAE Foreign Ministry.

These flights are the second such humanitarian aid delivery from the UAE to Iran. Further, with the World Health Organization (WHO), the UAE sent an airplane conveying 7.5 huge amounts of medical supplies, including five WHO specialists.

UAE imposes new fines:

The people who ignore the quarantine rules and fines there are more rules made by the government:

  1. Leaving the house for no reasons will be fined 2,000 AED ($544)
  2. A driver who is having more than three people in one car will be fined 1,000 AED ($272)
  3. Not adhering to social distancing practices 1,000 AED ($272) 
  4. Not wearing a face mask in closed spaces will be fined 1,000 AED ($272)
  5. Refusing to get retested and self-quarantine 50,000 AED ($13,612) 
  6. Not abiding by the hospital stay or refusing a treatment plan 50,000 AED ($13,612) 
  7. Refusing to be tested for coronavirus 5,000 AED ($1,361) 
  8. Refusing to be tested for coronavirus 5,000 AED ($1,361) 
  9. Malls, shopping centers, gyms, public beaches, swimming pools, electronic gaming centers, bars, lounges, that refuse to close 50,000 AED ($13,612) 
  10. Visitors of mentioned foundations 500 AED ($136)
  11. Partaking in any public gatherings, conferences, or parties 5,000 AED ($1,361)
  12. Organizers of public gatherings 10,000 AED ($2,723) 

Furthermore, WORLD HEALTH ORGANIZATION advised:

It is important for the government to remind populations and health workers of the basic safety precautions. To reduce the general risk of spreading of the coronavirus by following a few simple measures mentioned below:

  • Try avoiding close contact with people who are suffering from coronavirus.
  • Frequently wash your hands. Especially after direct contact with ill people or after touching dirty surfaces.
  • Avoiding contact with the farm or wild animals
  • People who are suffering the symptoms of the coronavirus disease should practice cough etiquette. (Maintain distance, cover coughs with elbows and sneezes with disposable tissues or clothing, and wash hands.)
  • The healthcare facilities enhance the standard infection prevention and control the practices in hospitals, especially in emergency departments.

Conclusion:

To prevent coronavirus transmission, the UAE has introduced many safety measures. These safety guidelines to ensure the safety from the viral infection. The coronavirus in humans is spreading in a great amount that is why everyone must secure themselves and stay at home. Postponing of the expo will decrease the effect of the disease too. Hopefully, these preventions might help you get through this coronavirus disease.

Top 8 LOW INVESTMENT ONLINE BUSINESS IDEAS

Going into business is everybody’s desire except as a rule, you are out of thoughts or you have small budgets. In this modern era of technology, earning money through various ideas has become basic and easy. If you own a computer or a laptop, you can easily start your business, but for this purpose research is very important. There are numerous approaches to begin with your online business ideas that let you focus less on any management or price but more on getting started working. 

The low investment online business ideas are good for beginners.

Initially, you have to come up with a very strong idea, then construct your plan to make it a brand and with all this your marketing efforts are very important. 

Business ideas with low investment or with large scale investment includes the basic facility i.e. To provide the best services for their customers. 

Here are some basic low investment online business ideas that need no or minimal investment through which people are making a living from:

All About Blogging:

Blog writing for the last two decades is the most frequent and easy way to start your small investment business. A blog is an informational site that includes discussions in a formal or informal tone, which is published on the World Wide Web. 

It is an easygoing way to interact with your audience through different topics such as food, fashion, travel, nutrition, lifestyle, pets and many more. There are two types of bloggers, one in which you are a freelancer or you are an employer for a company or a web site. 

Podcasting as a Business Tool:

Best business ideas that mainly include podcasting which is linked to blogging. In podcasting you convey your information virtually i.e. You can interact with many of your audiences through different kinds of shows. It allows you to be a radio jockey via your computer. 

For this purpose, you have to first register yourself to a podcasting website. It combines blogging with audio digital technology that can be an endless supply for your content. 

Fortunately, as your site goes popular, it’ll enable more audiences to pull your sound documents. Users can listen to your audio files through any personal digital audios, from your computers or even from your iPods. Low investment business through podcasting is one of the fastest developing online services worldwide. 

Drop Shipping With No Investment:

The main purpose to initiate any kind of business is that you need a warehouse or any store to stock your products. But in dropshipping you don’t need any storeroom, rather you’ll order your item legitimately from the maker and ship it to you.

With drop shipping organizations, you are generally charged an expense and the item is likewise increased, hence that the drop shipping company will make money from that exchange. When you start to sell these products, you should raise the cost to make a benefit for your low cost business.

Best business to start can be taken from drop shipping, as you can start your work from anywhere and you don’t even need any storehouse for this. You don’t have to store products in any physical location. 

Creating an Online Website:

Building and selling on the web courses is an incredible method to generate income. For this purpose you simply need to make an instructional video, where you are guiding your audience to a subject you are comfortable with. You can also have a whole team for this. 

To launch your website, you really need a very strong topic that could be easily understanding for your audience. This is one of the most innovative business ideas with many challenges. If you are able to make great, popular and informative content through video tutorials, by your website. Then this could be a long way for making money online. 

Freelance Writing:

Writing is one of the most creative and important skills for an online entrepreneur. This is because in this fast forward time, there are people who still love to read different articles or blogs on the internet. Freelancing has been used world widely now and is a very good business idea to start your online career. 

Not everyone can write but if you are a creative writer then this is the best thing. You can make a lot of money from this and have many opportunities to build your own business. In freelancing you write articles, magazines, books, blog posts etc.  

Launch an Online Fashion Website:

Business ideas for women include this online strategy. Women love fashion and they have good taste in it more than men. They would love to share their thoughts about styles. If you are this kind of girl, then it’s a golden opportunity to start your online fashion business. 

You can endorse many things such as dresses, swimsuits, accessories, shoes and a lot more. Furthermore, with this you can also create your own fashion brand. You can run your business by launching your own website or at any digital application. 

Vlogging:

Setting off your own business idea by simply zero investment can happen through blogging. In this process, you just have to connect with your audience. The stronger your connection with them, the more you can gain money through this. If you can grasp the attention of a large number of audience, then all you need is to register yourself to famous social media sites.

You have to build your vlogging community, that listens to you, asks questions from you and most importantly gives you feedback. This all can happen only with your style, tone and topic of your vlogs.  

For this online unique business idea, you only need a large number of followers. This would be the first and an important approach in this online business. If you have a huge number of followers, you can have sponsors for your videos. 

To increase your number of followers, you need to comment on vlogs similar to your topics, subscribing others vloggers channel and inviting them to watch your content. To be a successful vlogger, it all depends on your goals, on your topics and the way you communicate with your subscribers or followers.

Home Based Business Ideas:

This online business idea is a small investment opportunity to start work at a small scale. This does not matter if you are male or female, this online business has been waiting for you. 

To decorate your family or repair anything at home by one’s own self is known as DIY. These DIY videos are popular amongst the audience. Not only do they have female audiences but also male and children love to watch such videos. These DIY videos are purely educational. 

Another home based business idea with low investment includes party planners. People usually hire them for different occasions from birthday parties to graduation parties and fundraisers ceremonies and many more. 

If you enjoy making plans and can work with many different people, then this is your side. This great business idea can be started from your home. You can deal with clients at your home and can meet them on the spot. 

Conclusion:

This particular article includes business ideas that you can begin with low investment and that requires no long process but working online. The bundle of work has been lessened with the availability of the technology that is spread all over the globe.This includes blogging and freelancing as well as making and launching websites. 

What are the things you need to know before Starting a Business in Dubai?

Who would not love to start their own business in Dubai? But for this you need to know where you should invest your money, or which business would be super beneficial for you. Further, how to set up a business in Dubai. 

One has to research, learn and educate himself for anything they want to start. Moreover, you need qualitative research on everything before starting a business in Dubai. An idea of starting one’s own business has always been encouraged in Dubai. Because it has become an eye-catcher for the new and old investors. 

Dubai has made his economic position in the worldwide economy market. However, it offers plenty of new chances to foreign investors for starting a business in Dubai. It is an immensely attracted location for any investor who wants to start their own business in Dubai. It has a growing and vibrant economy. 

Furthermore, this includes a favorable investment environment with their government support. Dubai has an enlarged business startup idea with creative business factors in it. Although, there are often complexities that come with it. 

The very crucial thing in starting any kind of business is time. Following are some top five important things to do before starting a business in Dubai: 

Select a Sponsor, a UAE Nationality Holder for Business Investment:

While starting your own business or setting up a company, you should know all the facts linked to business investment or starting one’s own business in Dubai. Starting business investment in Dubai is investment friendly and it has a lower cost of living than other developed nations. 

A local or UAE nationality sponsor would provide you with the freedom to locate your business anywhere in the city. The nationality holder would be a partner of 51% of your business. It would also help you in finding a location that would target your business investment and also in your budget. 

But you should be careful about your sponsor such as you should pay him a yearly fee undersigning an agreement. You should share a harmony or good terms related to your sponsor. However, this is because that he would help you in resolving you from any kind of problem, you may face with authorities. 

Firstly, ask a sponsor about his goals, makes a connection with him. Further, start to illustrate your idea of business investment and how they can help you accomplish yours.  By this you can exchange yours and his experiences about different things. These exchanges of experiences can be linked to you and him as well. 

Affirm Your Visa Eligibility for Business Investment:

This is the most important step for you to do in the list of “5 things to do before starting a business in Dubai.” For starting a business investment in Dubai, it is important for you and your employees to have a permanent visa in Dubai.

 As it would be beneficial and convenient for you to run your business comfortably there. Business visas are allowed for all businesses, although they differ in various categories such as the size of the office or your business’ nature. Your sponsor would also help in getting your business visa. 

He would apply for your visa as an investor for business. Your sponsor’s legal information is needed, his/her personal details are essential, reason for applying for the visa and all other processes would be acquired. 

You could apply for your employee’s visa, if only your sponsor gives permission. Applying for a business visa is not strict in Dubai, as one can apply to every single detail of his personal and professional life. 

Information Regarding Your Business Investment Cost:

Your sponsor’s legal information is required, his/her personal details are essential, reason for applying for the visa and all other proceedings would be acquired. You need to research properly and authenticity about each and every detail of your business in Dubai. 

It includes all your expenses related to your registration of business, business license, government certificates, visas and immigration. Starting a business in Dubai includes its expenses with government fees. 

Appoint an Agent to take You Through the Process of Starting A Business:

How to register a company in Dubai? Or How to do business in Dubai? All these questions can be answered by appointing a business advisor or an agent. This step is very important for starting business investment or company setup in Dubai. 

Because an agent or business advisory you hire will register your business there. They will hold your hand, guide you through all the processes and also they can register your business or company in Dubai.

They are experienced in all these governments dealing which would be a great help in starting a business in Dubai. There are various business setup consultants, there who come from an organization that offers a team of experts related to starting business investment in Dubai. They execute your whole plan with registering your company, business license, locating your business, etc. They take care of your basic requirements in business. 

Dubai’s government is, particularly in terms of registration or legal work, so any delay in registering your business could lead you to a heavy fine. Which also would be unacceptable for your business investment. So, without any delay you should appoint a business agent and seek his help through all these processes. 

Difference Between Three Locations

Business set up in Dubai is located in three parts according to their authority:

  • Mainland
  • Offshore
  • Free Zone

These locations are separated by their authority depending on business requirements, company taxation and commercial activity of the company. You have to choose your business investment location in the free zone. 

Furthermore, this is because it offers three major advantages such as 100% ownership, duty-free customs boundary and speedy startup. Authorities of the free zone acquire less paperwork and time. 

Starting business investment in the free zone has the following some steps:

  1. Such as applying for a business license
  2. Pick an office space
  3. Get pre-endorsements with the registration of your business and your permit.

In Dubai, you can conduct various business activities, for example, advertising is considered to be the best business in Dubai, content production, graphic development and design, educational content material, music production, music videos and much more. This strategy would be very helpful for your business investment because it will promote your business in Dubai. 

You can apply for a license in Dubai for various business ideas such as industrial, E-commerce, commercial or trade, media, educational and small business, etc. Doing business investment in the free zone also includes an advantage of zero taxes on imports and exports. However, you can find utilities at a very low price. All these relate to your business starting strategy in Dubai. 

Conclusion:

Following are a few important steps to remember before starting a business in Dubai. Starting up a new business set up in Dubai was challenging but now it has become easier and quicker. Dubai’s government helps business investors to launch and expand their businesses without many complexities. 

You can have a multicultural environment for your business investment. Dubai is a developed city with all the latest trends in business. It is a paradise for a foodie and a cash benefit business for an investor. 

Visit us at: Businesses in Dubai

How do Small Business fail?And what are the reasons behind business failures

Opening a Small business is not easy to start, that you woke up one fine morning and started a small business. It requires proper planning and is based on luck too. It is not an automatic process and requires a lot of time to get established. It is always a risk to start a small business as there is always a question in every mind that what if our business fails? And why do small businesses fail? What are the reasons?

The most common reason for the failure of small businesses is listed below:

  • You start your business for the wrong reasons.
  • No Website and No Social Media Presence
  • Over-expansion
  • Lack of Planning
  • The Wrong Location
  • Insufficient Capital
  • Poor Management

You start your business for the wrong reasons:

Among the Business failure reasons most often is the owner who started the business. Is the basic purpose for starting your own business is the wish to earn a lot of money? Do you believe that if you have your own business, you’d have additional time with your family?

Furthermore, you wouldn’t need to answer any other person? After years of hard work, these are the benefits some successful entrepreneurs achieve. However, they are not motivations to start a business. 

The reasons for starting a business – reasons that lead to building an effective organization incorporate are as follows: 

You have passion and love for what you’ll be doing and firmly believe in it. It should be based on education as well as research. That your product or administration would fulfill a real need in the marketplace.

When you have a positive attitude, determination and patience while on the other hand people are short tempered and not much determined as well.

Failures don’t overcome you.You gain from your ups and downs. And utilize these lessons as business tips to assist you succeed. Research on successful business men has demonstrated that they had credited a lot of their success “build upon disappointments;”or on utilizing those disappointments such as “learning the process.” 

You are skilled, talented while having the responsibility, when a creative or intelligent solution is required, This is important within severe time requirements. 

You can get along and deal with different kinds of individuals. For example if you like and not in love with your fellow man, but show this is your integration that maintains good relationships with others.

No Website and No Social Media Presence:

You must have social media profiles including in your services for your customer assistance.So that they can communicate with you and get information about your business. If you don’t have any social media profile, you won’t look professional and will lose business from its competitors. Who do have profiles on well-known popular social media sites.

If you have items that can be sold online with the help of the internet, you can take orders through the website, that is an additional advantage.Furthermore, at the absolute minimum, you need a site that tells clients what you offer and how they advantage by working with you. 

Over-expansion:

The main cause for the failure of the business is overe-xpansion. That regularly happens when owners of the business make mistakes on how quickly they can grow their business. Focusing on the gradual development is ideal. A number of bankruptcies have been brought about by rapidly expanding companies.

When you have established a strong client base and a decent income, let your success assist you by setting the right measured pace. A few signs that indicate development, that might be justified and incorporate the failure to fill client needs. While the workers experience issues staying aware of production demands.

If the development is justified after careful survey, research and investigation, distinguish what and who you have to include in order for your business to develop. At that point with the correct frameworks and individuals set up, you can concentrate on the development of your business, not on doing everything in it yourself.

Lack of Planning:

Anyone who has ever been accountable for a successful and significant occasion realizes it was not for cautious, systematic, strategic planning. In addition, difficult work that success would not have followed.This could be said for most business success. 

Having a business plan is vital for every business. While arranging businesses, many private businesses miss the mark considering significant inadequacies in their business. It must be reasonable and exact, current information and instructed projections for what’s to come. 

Features should include:

  • Description of the business, what is its vision, goals, and what are the keys to success
  • Accurate Market analysis
  • Essential Workforce needs
  • The solution to potential problems and their causes
  • Financial statement including capital equipment and supply list, balance sheet, income statement, and cash flow analysis, for both sales and expense of the business.
  • Idea od competition
  • How Marketing works, advertising, and promotional activities
  • Budgeting and managing company growth

The Wrong Location:

Locations matter a lot for business establishment. Area is a basic step towards the accomplishment of most local businesses. If your business requires walk-in traffic or an expert location to meet with customers, a great business area in the correct network is fundamental. An awful area could spell disaster to even the best managed business.

Few factors to consider:

  • Where your clients are 
  • Traffic, parking, and lighting
  • Equipment storage needs or warehouses for storage
  • Location of the competitors
  • Security of the building
  • Local incentive programs for business new companies in explicit focused on territories 
  • The history, interest and receptiveness to a new business at a developed site

If you don’t have clients or customers entering your business foundation, the perfect area for your startup could be your own home.

Insufficient Capital:

Small organizations in the startup stage likewise face difficulties as far as acquiring financing to put up another item for sale to the public. And to support a development or to pay for progressing promoting costs. While the investors, and conventional bank advances are among the sources of funding which is easily accessible to private companies. 

Furthermore, a few out of every organization has the income stream or development direction expected to make sure about significant financing from these sources. Without funding for great projects or continuous working capital needs, small businesses are compelled to close their doors.

To protect a private business from regular financing obstacles, entrepreneurs should initially build up a reasonable spending plan for organization tasks. Further, eager to give some capital from their own coffers during the startup or expansion stage. 

After some time, it is basic to look into and make sure about financing alternatives from different outlets before the subsidizing is really important. At the point when the opportunity arrives to get financing, entrepreneurs ought to have an assortment of sources to which they can request capital.

Poor Management:

Various reports on business failures refer to poor administration as the main purpose behind the failure is Poor Management. New entrepreneurs every now and again need significant business and experts in territories. 

For example: money, buying, selling, creation, and enlisting and overseeing workers. In the event that the entrepreneur doesn’t understand what they want and doesn’t progress well and look for help, the organization may fall flat and leave business. To solve the issue, entrepreneurs can teach themselves on abilities they need, skilled employees or re-appropriate work to competent and skillful experts. 

It’s essential to consistently examine, compose, plan and control all exercises of your business activities. This incorporates the process with investigation of statistical surveying. And client information, a region which might be increasingly made to dismiss once a business has been set up. 

A successful administrator is additionally a decent pioneer who makes a work atmosphere that empowers efficiency and productivity. The good leader has an ability to procure equipped individuals, prepare them and can appoint them as well. A good leader is additionally gifted with rapid decision making. A ready person to make a dream into reality. And ready to stand up to change, make advances, and imagine additional opportunities for what’s to come.

Conclusion:

It is basic for all organizations to have a marketable strategy. Many private businesses fail due to the basic lack in their business arrangement. It must be practical and dependent on exact, current data and instructed projections for what’s to come.

The question is how to start a small business. And to start a small business we must ensure the facts that make small business fail.For the good start we must know the dark side as well.This does not mean scaring you but to make you aware of the failures as well.

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10 MOST PROFITABLE SMALL BUSINESSES IDEAS WORTH INVESTING

Small businesses are several people working for a small-scale business. Not every business get’s success from the start. Every business gets through several phases to reach a certain point of success. 

Business ideas are helpful. But not every business idea is efficient enough to start, several researches are to be made with lots of investment and hard work. As indicated in the mentioned article:

https://www.thebalancesmb.com/the-most-profitable-small-businesses-4172017

The U.S. Private company Administration (SBA), around 550,000 new independent companies set up each month in the U.S. According to the research by the article:

Starting in 2016, there are around 28.8 million small businesses started in the United States, involving 99.7 percent of all-out U.S. organizations. In general, 56.8 million representatives work for independent companies or 48 percent of the workforce. This net 1.1 million new openings and incredibly adds to the quality of the economy. The quantity of the owners is on top, as well as this figure developed by 1.3 percent in 2014.

Every great business needs a productive business idea to continue that involves a great plan to execute. Following are the most profitable small businesses that are worth investing:

List of business ideas:

  • Real Estate Sales and Leasing
  • Copywriting
  • Fitness Instructors
  • Funeral Homes
  • Cleaning Services
  • Food Truck
  • Gardening
  • A man with a van
  • Schools and Instruction
  • Party Services

Real Estate Sales and Leasing:

The Best small business ideas include real estate. Although with all the right strategies one can easily get profit in this small but creative business. The real-estate business has no hustle of numerous employees. The only contact with contractors, investors as well as insurance agents.

Furthermore, there is no stress of keeping track of all the projects for a long time. The immediate process of getting clients and passing the project. Therefore, it’s the best business to start with little money. It is a platform for both buyers and sellers to make deals, giving to their convenience. This does not involve several processes but simply an agreement between the buyer and the seller.

Copywriting:

No formal education is required for copywriting, further, this does not even require lots of experience. With zero investments, as most of the writers work as freelancers. Working from home is quite effective and also the cheapest business to start. Nowadays the demand for content writers is incredibly high. 

Nowadays, copywriters make promoting and advertising materials and a domain. Furthermore, that currently incorporates online networking as well as advertisements, website copy, blog entries, and even email messages.

Fitness Instructors:

One can open a gymnasium in their own home or buy someplace for the physical fitness training center. A physical fitness trainer is the most beneficial business that holds no loss but only profit. Or working as a fitness instructor in any famous gymnasium. 

The growth of trained fitness trainers is increasing day by day. One must only have a professional certificate in physical fitness. One must know all the exercises and the machines, how to operate them as well as the dietary plans made for the fitness of the customers.

Funeral Homes:

In our everyday life, there is an increasing number of births as well as death rate. Therefore, funeral businesses are always a productive business to start. 

Funeral homes need a location for a physical office and with all caskets, cremation, and internment for the funeral of the deceased one. Funeral sermons are an important part of every individual and in the memory of the loved ones, people propose different and unique ways to say goodbye.

Cleaning Services:

For both residential and commercial property cleaning is required. It is the most essential part of any business. No education is involved for cleaning business. 

Cleaning is almost everywhere in every business which depends upon no age limit and no work experience. With no such costly equipment and no restriction of working hours. Cleaning is the basic necessity of everyone in their home or offices.

Food Truck:

A restaurant is always expensive. Food is loved by all and using a van as a restaurant is the best business to start. The mobile use of the van to provide food to the foodies all over, According to the article:

Offering a convenient and low-cost alternative to sit-down restaurants that generally exceed fast food and fast-casual eateries in terms of quality. Food trucks are a trend that shows no sign of dying down. Today, there are over 4,000 food trucks in operation, incorporating an industry valued at $1.2 billion. 

Starting a food truck is relatively cheap, but with the lowest estimates coming in under $30,000. Having a food truck is difficult as it depends upon daily investment and lots of hard work. 

Gardening:

Gardening is full of creativity and a healthy activity, that has need of hard work and creativity. Gardens are loved by people and are considered as the favorite hobby by most people. Therefore, the demand for gardeners is increasing day by day. Although it is a profitable business. 

To go gardening a profitable business several tools are required. For the making of unique and remarkable gardens. In addition, individuals need to spend money to promote their services. It also ensures the growth and safeguard of your garden. Organic fruits and vegetables, seasonal flowers all in one.

A Man With A Van:

An innovative business idea that consists of a van and time. In your free time delivering items and helping people to move from one place to another. It is a productive and unique way of earning income. 

This business is an innovative business idea that has lessened the burden of many people. The mobile delivery of products has made life much easier and simpler. With this means of transportation, traveling has become easier for everyone.

Schools and Instruction:

The school is providing basic and important skills for all children and adults. It is considered a basic necessity of life and is considered as a legal demand in the early stages of life. 

On an annual basis, billions of dollars command on the education industry. Following are the institutions where professionals can teach their skills to a number of people to get them educated:

  • Schools
  • Preschools and daycare institutions
  • College prep programs
  • Tutoring
  • Test prep services
  • Testing centers

Party Services:

Indeed, even in the midst of economic instability, weddings, birthday parties, and corporate occasion parties keep on playing their role in our daily routines. Parties are an essential part of the 20th century. Therefore, the administration of the parties and events are many profitable. And is also worth investing in. Furthermore, party administrations can be adaptable and flexible, covering arranging, cooking, bartending, and serving, among different capacities. A wide range of opportunities available for event management. 

Also, a few administrations offered by parties. Organizations, such as serving liquor or food administration, need extraordinary licenses and affirmations. Making this an occupation most gathering hosts can’t do alone.

Conclusion:

The article illustrates the concept of small business as well as the types of the best small business. Ideas to pursue as a career that leads you towards profit and don’t let your investment turn into losses. 

As the world is progressing day by day the latest ideas and trends related to small businesses are increasing. Therefore, few business ideas that are reliable and productive are mentioned above for the reader.

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The Business for Sale Marketplace Dubai -Why 90% of Listings Never Sell

As a seller one needs to market business and aim all types of various ways that. Seventy three of business consumers say that net videos helped influence their call to shop for a business online. Therefore whether or not you utilize on-line promoting, videos, emails, social media posts etc. you wish to urge the word out concerning the right business one has available As easy as it may sound, your listing might be expensive/overpriced Consumers area unit good, and that they don’t need to be cheated notwithstanding however excellent the business is. Although a business is new and improbably accommodating to the buyer, it still ought to be priced moderately in keeping with the pricing trend of other businesses. Location is vital not solely to the worth of the business however to the quickness of sale. It will be quite arduous to sell a business that’s settled next to unpleasant site. But it doesn’t mean that the business won’t ever sell.

It simply means the vendor needs to wait long enough for the correct vended to possess his/her interest and settle for the property for each its pros and cons aspects. Overpricing a business can deter business can deter knowledgeable patrons from establishing communications. 

It will be extremely troublesome to defend the valuation once a business has been priced unrealistically. The everyday outcome is that the listing can languish within the marketplace and recovery becomes harder. Once on the marketplace for months on finish at the incorrect worth the method in reprising and relisting creates an entire new set of challenges and the smallest amount of that is maintaining edibleness. It is altogether likelihood tempting to assume you’ll be ready to handle the entire sale of your business, wherever, once and therefore the thanks to place your ads. but getting the help of a practiced business broker can quite obtain itself throughout the next worth, faster dealings, and fewer stress throughout the sale. People interested exclusively in business offerings in an extremely specific market house typically work with native brokers. They collectively scan native ads and therefore the majority search on-line listing sites where they limit their searches to their desired market house. No purchaser desires to ascertain messy, superannuated financials. This will have severe implications on the sales method. If the financials aren’t clear and up thus far, the bulk of buyers can go away.

If the client wants to rearrange finance, this may kill the deal in real time. Given the importance these documents represent, a business owner ought to make sure that the books area unit professionally managed and up thus far. Records that are messy, incomplete, outdated or containing too several personal expenses can solely offer prospective buyers and lenders reasons to question the accuracy of the documents. For those businesses that have deteriorating financials, the vendor ought to be able to articulate correct reasons for the decline. Each the investor and therefore the purchaser can  have to be compelled to get a sensible understanding of the under performance to assess the impact it’s likely to possess on future results. Other few reasons can be:

The owner is the backbone of the business. The business can’t efficiently progress without the efforts and knowledge of the owner. The business industry is threatened by more upcoming businesses that require more people to be involved for example collaborations. The seller might not have taken time to gain more knowledge about the process of selling. If none of those reasons above explain why your excellent listing (business) won’t sell then just let it sit on the selling website for some time and see how the response goes. 

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