Three Ingredients for growing a successful business in the UAE

Ingredients for business

Ask most organisations that are based in the UAE, or are thinking of setting up in the country to name what they think can help their companies grow successful in the UAE and you will hear three common answers that usually are in the lines of; “Tapping in to more opportunities”, “Reducing operational costs and staying competitive”, and “Becoming more relevant to their target audience”.   I even know for a fact that some of you would add that “a little bit of ‘Wasta’ would be nice thank you”.  Having experienced work in the corporate life as an employee for 9 years, and after that experiencing life on the other side of the fence as an entrepreneur for another 9 years (coincidence?);  I can say that growing a successful business in the UAE is not straightforward and it is certainly not a ‘walk in the park’ as some mistakenly assume it to be when they first enter this market.

Ever since I had decided to embark on this entrepreneurial journey, I have been fortunate to have had the opportunity to setting up and partnering in three ventures so far, in addition to being fortunate to have had the chance to have insightful conversations with business managers and leaders in the private sector, NGOs as well as start-ups over the topic of building competitive and sustainable businesses in the country.  So much has been written and spoken on the subject of ‘success’ and ‘growing successful business’ in general. Granted these are all useful and commendable, however, I have learned that building a successful business in the UAE is achievable if your organisation applies three ‘success ingredients’ and commits to it across all levels and wholeheartedly.

It has taken me years of observing the habits of successful businesses in the UAE, speaking to their leaders and often working close with these organisations until I finally was able to connect the dots and decide to make it my purpose to help people and businesses in the UAE apply this simple formula so that they grow successful and we ultimately build a sustainable and competitive economy.  In the next few days I will be sharing with you a 3-part series of the three ingredients you and your company can adopt to become successful and sustainable in the UAE.

Until the next time, I wish you all a successful day!

Author: Talib Hashim

Abdulmuttalib Al Hashimi (Talib) was born in 1977. He grew up in a sleepy town called Rashidiya, a far cry from the lights and bustle of Dubai. Talib began his career taking on a number of odd jobs (Yes, the legend of the one month stint he landed as a Magician/Promoter in the summer of '96 during the Dubai Shopping Festival is true). His first taste of the corporate world came with the large international bank HSBC, where he started in a small role as a 'Recovery and Debt Collector'. Fortunately, he moved up quickly during his tenure in the bank and was eventually recruited to be part of an elite team of Traders in the banks Global Market department. Inspite of the "Wall Street" like glitz and glamour that came with his role; Talib decided to submit his resignation in the summer of 2006 and say 'Adios' to his cubicle, a regular income -a well paying one too-, his SUV and the life of employment. Together with a young Emirati lady, he established Next Level Management Consultancy, a recruitment firm with specialisation in the niche market of 'Emiratisation' (Employing and developing UAE citizens). He is always proud of the fact that he has helped numerous Emiratis find employment. And he would like to think that he contributed -even if a little bit- to helping them lead happier and more fulfilling lives. Talib holds a Masters Degree in Strategic Project Management. He is an expert in Emiratisation and GCC national employment issues and initiatives. He is also a regular speaker on the topics of employment, development of people, Emirati entrepreneurship and also cultural challenges in the workplace. He also gives a series of motivational speeches titled "10 lessons I learned in 2009". Talib is an expert in multi-cultural issues that influence the Arab workplace and helps companies bridge the gap between their expatriate and local staff. He is often accused by some to be an idealist and a dreamer, however, Talib works tirelessly to become an agent of positive change in society (and ofcourse achieve amazing success as an Entrepreneur in the process). Talib believes that all Arab youth deserve the opportunity and the right to pursue their dreams and aspirations regardless of their race, caste, colour, status and family name in society; and hence he is a strong advocate of national and Arab youth empowerment. He has a passion for travelling and backpacking. He enjoys reading books on history, autobiographies and self improvement. He is currently trying to improve his sketching skills.