The paper “ Management for the Entrepreneur, Small Business Importance and How It Helps Society at Large, Starting a Small Business in the UAE” is a thrilling example of an essay on the management. As a business hub, the United Arab Emirates (UAE) provides easy access to more than one million consumer markets located in Eastern Europe, West Asia, Africa, Commonwealth of Independent States, and the neighboring countries in the Middle East. Undoubtedly, UAE is the main destination for investors as well as business people in the entire Middle East.
The modernized infrastructures, as well as government policy, support the growth of both large corporations and small businesses. In view of this, UAE’ s business opportunities are not only open to its citizens, but as well to foreign investors. Actually, the UAE government persuades foreign investors to invest in the country for the reason that foreign business presence improves the country’ s economy. This report provides research for small business opportunities that can be capitalized in the UAE. The report will as well talk about the significance of small business and how it helps society at large, and also provide details about why small business opportunities can generally help the economy and business sectors. Basically, different types of small business opportunities are accessible for individuals seeking the right venture.
Even though people can venture into different types of small businesses, nearly all small businesses fit into a particular category, rooted in their company size, ownership and legal structure, location of the business, and whether they are brick-and-mortar or virtual businesses (Ernst & Young). In their study, Price Waterhouse Coopers established that the Middle East and North Africa (MENA) region has the highest Entertainment and Media market growth index as compared to the rest of the world.
In the MENA region, Price Waterhouse Coopers noted that between 2009 and 2010 the overall spending on advertisement in UAE was the highest thanks to the high business opportunities, particularly in the small businesses in Abu Dhabi as well as Dubai (DMC, 2015). Therefore, this makes UAE a strategic location as well as an attractive market, especially for media companies. Besides that, Dubai has scores of free trade zones; thus promoting commerce and trade by attracting customers from different parts of the world looking for cheaper goods/products. Type of small business opportunities Essentially, there are numerous types of small business opportunities that can be capitalized in UAE as discussed below: Construction: New structures, as well as buildings, are being constructed in the UAE every day, and so, this provides an opportunity to professionals in the building and construction sector such as engineers.
Equally, investors can start small businesses, which sell or produce raw materials utilized in the building and construction.
Oil and gas: Undoubtedly, this has been the UAE’ s economic backbone for numerous decades, and so, the majority of riches currently revealed in the UAE was brought about by the oil sector. In spite of its exploitation for decades, the oil and gas sector can still provide small business investors an opportunity, by starting through a partnership or from scratch and grow big. Job Agencies is another opportunity for small business, considering that UAE is a fast-growing economy; therefore, lots of skilled workers are required so as keep industries running.
As observed by Martins (2014), UAE is in dire need of construction personnel, IT experts, accountants, engineers, nurses, as well as many others.