So, you have a great idea for a new business setup in Dubai, and you’re excited to put it into action, but not sure how to put together funds to get your startup off the ground. Should you invest your own money, take out a loan, or get family and friends to help? If you’re thinking of venturing into a new business startup in Dubai, questions similar to these are probably running through your mind.
Read on to learn about the different financial options open to you and which ones might be right for your new business startup in the UAE.
This might seem like the most infeasible or riskiest option for getting a new business startup in Dubai off the ground, but there are ways to make this decision in an informed way. You might be working alone, or trying to launch a company with a few business partners. This is always a viable option to put on the discussion table.
However, before you do, the best way to consider investing your own money in your company is to consult with a Dubai business advisor, with financial knowledge and experience in the local startup sector. Thereafter, put together a reliable, thoroughly thought-out plan for return on investment.
If your idea for a business startup in Dubai is related to social causes, and you want to launch a company that improves human lives or reduces environmental impact, then you might want to consider crowdfunding.
Crowdfunding involves reaching people from around the world with a business pitch and using an online platform through which they can make financial contributions to your project. To get peoples’ interest and motivate them to contribute, what’s most important is your pitch, which should tell your audience why your product or service is impactful, and why you need their assistance.
Take out a loan
When applying for a business loan, it’s important to consult with a reputable and professional business advisor in Dubai. For one, you’ll have to make sure you qualify for a loan, for an amount that meets your needs for a business setup in free zones or the mainland.
You’ll also need to be clear on the terms of return, and whether these dovetail with your revenue generation goals – which a professional business advisor in Dubai, can help you understand.
Partner with an investor
Here you could consider traditional investment firms or venture capitalists with a particular interest in business startups in Dubai. Just as for crowdfunding, your pitch is key, but since this is strictly a financial relationship, you need to focus on your business idea being set for profitability.
When pitching for any business setup in Dubai, include a clear explanation about how your product or service innovatively fills a need in the market, your company’s plan to capitalise on consumer needs, a description of your team’s expertise, and your business’s overall projected budget.
With a sharp, concise, and convincing presentation, you’ll be sure to bring interested investors on board.
Share your business ideas with Decisive Zone at email@example.com or call us at +97145847332 to get a free consultation. We will advise you on the best way to raise capital to fund your new startup company.
Decisive Zone is a business setup company helping you find the best-suited solution when establishing a company in UAE. Decisive Zone will advise you on the corporate structure and jurisdiction to choose from, while covering all technical, administrative and financial aspects of UAE business setup.