الأربعاء، 24 مارس 2021

How to start a business in UAE without money ?

                                                                                                                                                                                                                                                        




      Dubai: Let’s say you want to be in business for yourself but you have little or no cash to put up as capital. Then you are well aware that the funding options for start-up businesses are severely restricted.

You also may even have heard that only about 3 per cent of people looking for substantial outside funds to launch a new venture ever raise the capital they require. So what do you do?

Most are programmed to begin the process of looking for new business opportunities by asking themselves: “Where is there a gap in the market and how can I fill that gap?” A gap could be an unfilled customer need or a new invention yet to be brought to market.

Next, we consider the resources necessary to make the goal a reality by going out in search of those resources. We write a business plan and present it to potential financiers with the promise of a return on investment

      Then comes the matter of start-up investment:

   If the financiers like the business proposition or investment idea, they provide with the start-up capital to launch the business. However, this is a situation where in many get stuck – when one cannot come up with the required money.

 Most times, business experts believe that people find it difficult to raise the resources they require, causing the entire project to fail from launching. There is an alternative route to creating a new venture.

Matter experts add that instead of starting with the question, “Where is there a gap in the market and how can I fill it?” ask yourself, “What do I have and who do I know?”

 If you’re thinking about how to start a business with no money, you have resources at hand that you have yet to tap into. Your skills, knowledge, passion, and experience are the tools that could build your business.

So before money, locate where your interests and passions lie. These will be the foundation of the work you end up doing. Although money is essential, what you cannot do without is awareness and command of your inner resources. So start a list and compile what are all the resources in and around you that you can use for your business?

Although there are many benefits to starting your entrepreneurial journey by asking “what do I have and who do I know?” there are also downsides to this approach which may require further action to overcome the negative consequences.

   That's why you need to contact AHG CHARTERED ACCOUNTANTS to assist you  and to take care of all your accounting needs . You can ensure a step in the right direction.

For more information regarding your Business Set-up/Tax/Audit/Accounting or other services please visit our website www.a-h-g.net or drop us an email on info@a-h-g.net

We are one of the leading Audit company present in 4 countries. Approved TAX Agent by the Federal Tax Authority and one of the very few Tax Agents who operates with Excise Tax and have a deep understanding for its needs which helps our clients comply with law requirements and Latest FTA Announcements.

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