A company’s success is measured by the consistency of results. While short-term and long-term goals are framed very carefully, it is crucial that on weekly and monthly basis the results are monitored. And, that’s exactly where Key Performance Indicators (KPIs) fit in; they are quantitative measures to monitor and track the weekly and monthly progress …
Key Metrics to Consider for Your Start-Up Business Read More »
The purpose of the revenue model is to manage various streams of revenue for your business. The business also gains insight into estimating the marketing budget for various channels and determines the pricing strategy. Simply put the revenue model is a framework that assists business to understand and exploit the viable sources. Often people use …
As Dubai & Abu Dhabi import 90% of their food products, they faced a crunch during the lockdown due to disruption in the global supply chain, which lead to encouraging local production. And, the crunch in supply prevailed only for a short period as they dealt supply shortage effectively with efficient logistics system. The UAE …
Factors to Consider While Hiring a Logistic Provider Read More »
When your lifelong dream of opening your restaurant finally materializes and you’re becoming your own boss there are several factors to keep in mind while starting a new restaurant. It is crucial to keep your finger on the pulse of your money in financial matters; poor financial planning is one of the top 3 reasons …
How to Estimate the Cost of Opening & Operating a Restaurant? Read More »
Dubai is a hyper-connected business hub that boasts a forward-looking eco-system for accelerated growth. The city has abundant technological resources and trade policies that promote global trade and exchange. The rulers are working consistently to improve the corporate environment and provide more opportunities and facilities for investors. Ever since the emergence of free zone, 100% …
Top Industries to Consider for Business & Trading in UAE 2022. Read More »
Did you know that an average person in UAE wastes 197 kgs per year!? Which is more than double of Europe. About 38% of food is wasted, the numbers rise to 60% during the Ramadan festival, according to Economic Intelligent Unit. Food preparation cost is the highest cost in a restaurant and estimated at around …
With the F&B trade reaching a benchmark of $20 billion in the first nine months of 2021 (Dubai Chamber of Commerce reports) and with the UAE Expo 2020 further strengthening UAE’s position as tourist destination, the time is just right to get into food trading business. According to Bloomberg reports in 2021, Abu Dhabi and …
How to Set Up Foodstuff Trading and Penalty for Violation of Food Safety in UAE? Read More »
With UAE moving from 16th to 11th position in the ease of doing business index per World Bank’s survey in 2021 and the historic amendment to the New CCL law 2021, which allows 100% foreign ownership in 1000 activities out of 2000+ total economic activities, UAE is expected to reach unprecedented economic growth in the …
How do you validate the feasibility of your business idea? You need to conduct an in-depth market analysis. You need to carry out primary or secondary market research and collect data to analyze the market. We collect a combination of quantitative and qualitative research data to carry out market analysis effectively. Quantitative data is usually …
Research Methods and Market Analysis Technique for Businesses Read More »
Before embarking on an entrepreneurial journey, it is important to consider various aspects of business and its relevance and implications before investing funds into the business. A business plan typically contains all the aspects that need to be thought through before venturing into the business. One of the critical elements is understanding the market size …
Types of Market Research Methods to Arrive at Market Size. Read More »
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