Business Advice for Entrepreneurs in the Middle East
The Middle East is a developing and dynamic hub for investment. A growing population and middle class, together with substantial efforts to encourage activity outside of oil and gas. The best trending business advice has been innovate.
Entrepreneurship generally means offering a new product, applying a new technique or technology. A business combines resources to produce goods or services. Entrepreneurship means setting up a business to make a profit. Entrepreneurs, therefore, are always working under a certain degree of uncertainty. Steps taken today are motivated by confidence in the innovation & in understanding of the business environment.
First-time entrepreneurs are financed either by friends and family, in the very early stages to say the least. Others borrow through their personal credit cards. Others with a great idea may win funding through a pitch competition. Today, entrepreneurs are using crowd funding has become more common as a means of raising capital. A platform such as kick-starter. Some entrepreneurs receive funding from angel investors, providing capital to start-ups in exchange for an ownership position.
Though most entrepreneurial ventures begin as small businesses, not all small business owners are entrepreneurs. many people either start or buy small businesses for the sole purpose of providing an income for themselves and their families.