Business Plans

Build a competitive edge to sideline your peers

Provided by SME Knowledge UAE One of the most difficult jobs in the modern world business is to gain an edge over your competitors. A slight advantage can always play a hefty part in the establishment of your business. Competitive advantage is something that will place you differently than your competitors; make sure it is something worth wonders. How can you sneak a competitive edge over your peers in the industry? Pinpoint the target market for your product or service....

Obstacles in the growth of SMEs in UAE

Provided by SME Knowledge UAE Small and Medium Enterprises are gaining immense popularity in today’s economy because they are relatively easy to establish and operate. They offer numerous benefits in enhancing the performance of the economy and setting it on the ladder of growth.  According to the statistics issued by the Dubai Chamber of Commerce and Industry, SMEs contribute 86% of jobs in the private sector and 60% to the country’s GDP. These contributions have a huge and...

An overview of business planning and its significance

Provided By  SME Knowledge UAE A business plan is a formal written document describing the nature of a business, its sales and marketing strategies, and its financial background, and containing a projected profit and loss statement, which serves as a road map for business success and prosperity. So how can you build and get the most out of your business plan? Start by questioning the real purpose of your business, painting a picture of what you want it to become in the...

Set Goals for Your Business

Provided By SME Knowledge UAEGoal-setting is crucial to the success of any business, but is particularly important for entrepreneurs who can become distracted without focus. Goals direct actions, give you something to aim for, and can serve as a yardstick for measuring your business' success. The way you approach goal-setting will determine whether you are able to attain your goals. Most people agree that goals are important, but less than five percent of people write down goals or have...

The Business Plan

Provided By SME Knowledge UAEOBJECTIVE:The business plan is the key ingredient for a successful business and is often ignored. This session shows you how to create an individualized business plan, and provides the tools to make it easy.What is a Business Plan?Why prepare a business plan?What to avoid in your business planBusiness Plan FormatVision statementThe peopleBusiness profileEconomic assessmentEight Steps to a Great Business PlanSet time aside to prepareFocus and refine conceptGather...

Benefits of a Business Plan

Provided by SME Knowledge  The entire business planning process forces the entrepreneur to analyze all aspects of the venture and to prepare an effective strategy to deal with the uncertainties that arise. Thus a business plan may help an entrepreneur avoid a project doomed to failure. As one researcher states, “If your proposed venture is marginal at best, the business plan will show you why and may help you avoid paying the high tuition of business failure. It is far cheaper not to...

How Do I Come Up With a Winning Business Idea?

Provided By SME Knowledge UAEDeveloping large or small business ideas is a matter of creating a vision, leveraging your strengths and determining what the market needs. These three steps should get you started.Create a visionDetermine what you're good at and what you like to doFigure out what the market needsCreate a visionClose your eyes for a few minutes and conjure up a detailed image of what you want your life to look like in 5 years. Be as specific as possible.Where do you live?...

Creating an Effective Business Plan

Provided By SME Knowledge UAEThis workshop will help you create a business plan. It includes a business plan template to guide your business through the start-up or growth phase, a search for capital, or any other endeavor your small business undertakes.We've distilled the typical business plan template into seven key elements listed below. For each and every element you will find a description, instructions for creation, for many, tips for avoiding common pitfalls. But reading about...

Sample Business Plans

Provided By SME Knowledge UAEThese two tools help you to set up your business plan.In the Word document "Business Plan Outline" below, you will find a list of the main topics to include in your business plan.The Excel file "Computing Development Strategies" contains the minimum information required by financial institutions for assessing loan applications, tax authorities and potential investors. Create the financial statements projections to be integrated in the business plan requested by...

Expanding and Handling Problems

 OBJECTIVE:A growing business needs to have appropriate expansion policies in place, plans to motivate key employees and the know-how in handling common business problems. In this session, you will learn how to face the challenge of making your business grow. You will receive advice from been-there-done-that experts.Rules to Follow Before ExpandingStarting with a Pilot Operation FirstProblems in Expanded Business not Present in a Start-upThe importance of an advisory boardDelegation of...

Importance of a Solid Strategy

Provided by  SME Knowledge UAE A solid strategy is essential for your business. This video explains why is it important to have solid strategy to focus your energy, give the organization a sense of direction and increase the value of offerings.   

5 Solid Fundamentals for Expansion

Provided by  SME Knowledge UAE Expanding your Business. What defines expansion? What do you need to expand? This video explains the important 5 solid fundamentals for expansion: Good Strategy, Strong Culture, Solid Operational Procedures, Reputation Building and Staying Liquid.