United Arab Emirates – UAE is currently the happiest Arab nation, according to the World Happiness Report. The entire credit goes to its government, which was able to earn the trust of its people and maintain the standards of living. Perhaps this is why states like Abu Dhabi and Dubai are the heart of thriving tourism.
A majority of tourists find it relaxing to visit these twin states because of the rich cultural experiences. However, not just travellers but also investors are interested in such an ideal location. Believe it or not, Dubai and Abu Dhabi are epitomes of luxury, innovation and modernity.
Their cutting-edge architecture and opulent lifestyle are indicators that the states have witnessed unrealistic development. Additionally, they also have the potential to go from a desert landscape to a global hub of commerce. So, start creating a business plan now and see how it rolls.
Living Your Empire-Building Dreams in the UAE
Laying the foundation of a business in the Twin States is highly profitable since the Department of Economic Development (DED) issues licences quite easily. This is indeed a good news for aspiring entrepreneurs.
Away from the risky markets and poor economies of scale, together, we unlock a completely new horizon of opportunities. The government and the public sincerely invite you to contribute to the already blooming economy. Below are six possible ways how you can ignite your passion through a little hard work. All you need is a professional business plan, so let us join hands and make it happen!
Transport & Logistics
The nature of this business is in demand in the UAE. It is the largest contributor to the economy and requires thorough research. Once you list down all the licences, documents and legalities that you need for this venture, you must create a business plan.
It will be a series of events that you will design for the future in chronological order. This snapshot of proceedings will help you navigate through without any overlays. Moreover, it will act as a steady guide for the next couple of years. It will encompass all your commercial goals and strategies, helping potential investors to understand your vision.
In addition, the all-inclusive document will also include the total budget required and how you plan to generate money for it.
Building with Vision
A business planner who intends to set up a construction business in Abu Dhabi has to make sure that the practice is entirely eco-friendly. This is because of the growing demand for sustainable architecture. Hence, while writing a proposal, do mention the usage of energy-efficient building solutions.
Moving on, this revenue-generating niche of the Gulf calls for a consultancy service that will help you develop a proposal. It will have seven parts, namely:
- Summary
- Nature of Business
- Details of Service
- Market Demographics
- Strategies and Budget
- Organising Management
- Financial Prognoses
All of this, as a properly drafted scheme, will help you choose between capital investment options. Moreover, it will support you in sticking to the original plan by acting as a blueprint.
Timeless Jewellery
You might think of it as trivial, but without an organised scheme, success will always be short-lived. Hence, for a jewellery business in the city of Gold – Dubai, you need to be well prepared. It is one of the rising industries, and many people are struggling to enter the market, but doing that without groundwork would be absurd.
Therefore, we have to create a set of strategies for this worthwhile commercial idea. As the market is already quite saturated, you need to carry out an in-depth analysis. Find out how this conducive environment can give you an advantage in trading precious metals.
This plan of action will be your weapon when you attend any fundraiser or meet an investor. Likewise, the growth strategy that you will devise is most likely to improve your chances of progression. Thus, it should be updated regularly according to the evolving external forces.
Home Baked Goodness
Are you naïve enough to play shooting in the dark? We hope not. So, why would you ever step into a commercial activity without actively planning about it? Come on, let us plan another business with the advice of Top Bank Business Plan Writer.
The states of Dubai and Abu Dhabi are indeed full of sweet-toothed people who love easy food sent home. This suggests that you do not have to include rent and staff in your budget. Instead, just the baking supplies and equipment. This business is cheaper and tends to become popular in no time, so you should come up with a solid proposal soon.
A proposal is important because it includes an operational layout for smooth everyday runs. Similarly, the detailed document embraces researching your target market. Knowing about their preferences and tastes will help you decide the menu. As a result, all your functions will resonate better with your target customers, and they will become brand-loyal customers.
Fitness Instructor
Have you ever thought of how the world is turning towards diet consciousness? Thanks to Covid-19, societal norms are changing for the better. More and more fitness studios are opening up, and a pattern of people spending time at gyms is observed. Hence, our next win-win business idea.
Residents of Dubai and Abu Dhabi are knees deep into physical well-being, and we are here to give them a way out. However, the twist is that you can also do the same virtually, but you still need a succinct business plan. It will benefit you in attracting investors to raise funds.
Moreover, a thorough corporate scheme is a big support when it comes to gathering capital. Such as when you have every minor and major forecasted expenditure right before your eyes. Then, you will know whether an investment or a loan is better.
Smart Scraping Solution
Our last commercial proposal is about waste management. In this, you collect recyclable waste and convert it into ether something useful. Alternatively, dump it in such a way that the environment is not harmed. The UAE government is actively working on these practices, and thus, they are in demand.
Moreover, the magnitude of earnings through this activity is greater than you can imagine. Thus, a plus is obligatory to keep track. The strategic document will provide you with clarity about day-to-day operations, and once you have it ready, you can use it as a road map.
In addition, it also serves as a baseline for navigating marketing and promotional energies. Leading you to an easy way of approaching the pre-set goals and objectives. In the same way, you can use detailed analysis to convince financiers to believe that you have the potential to make the corporation grow. Lastly, you will need market research companies to help you through, so stay in touch.
Key Takeaways!
Overall, a well-crafted plan is a blessing in disguise. It will come in handy throughout all progressive stages of the product lifecycle – introduction, growth, maturity and decline. It is similar to a guidebook that says everything about how the effort began, how it is going and how it will sustain struggles in the future.
Hence, this is precisely what the external parties need. They want to see the financial projections, the core competencies and most importantly, our confidence. Something that peeks from every corner of the strategic proposal. From the beginning until the end, every element speaks to the investors about how confident the entrepreneur himself is about this idea. So are you ready?