The United Arab Emirates is considerably more modern than the rest of the Middle East and the business practices here are very much reflective of those in the West. Business in the UAE is done pretty much according to Western standards, except for the prime importance given to religion, even in business.
There is a plenty of information available online on how to write business plans. On our blog as well, you’ve enough information on writing business plans. The purpose of this blog post, however, is slightly different. We tell you how NOT to write a business plan. In particular, we tell you about the mistakes you should avoid while writing a business plan. Many businesses fail to get going because they make the mistakes that we are going to tell you about. Read on to find out more about how NOT to write a business plan!
If you’ve decided to quit your job and start a small business of your own, congratulations, that’s a brave decision. But whether this becomes a smart decision or a stupid one depends on your approach to how you manage the start-up. The first thing to do is to create a proper business plan.
Lou Gerstner is widely regarded as the man who turned IBM around. During his tenure as the CEO of IBM from 1993 to 2001, IBM’s revenues grew from $62.7 billion to $85.9 billion and its stock price grew ten times. Everybody wanted to know how Gerstner did it, and hence the book.