Psychology

How to implement the perfect employee incentive scheme

Business startups in the UAE tend to offer two main kinds of incentives to employees: cash bonuses and stock ownership.    Cash bonuses  Simply put, cash bonuses are pre-set payments that are awarded to employees when their performance empowers the company to fulfil certain objectives. Some companies choose to offer annual bonuses to staff; others stagger payments over a more extended time...

Should I hire foreign employees or local nationals in UAE?

Therefore, when starting a new company in Dubai, entrepreneurs have to choose between the time-tested strategy of hiring foreign jobseekers or offer the same opportunities to the local talent, while availing the government concessions that come with hiring them.  For entrepreneurs setting up a business in the UAE, below are some factors to consider when hiring expats over Emiratis:  Additional...

How to start a business in a UAE Free Zone

The free zones in the UAE can be categorised into two groups—industry-specific and general-purpose. Here's to give you an idea:   Industry-Specific Free Zone Industry-specific free zone specialises to only particular or interrelated sectors. Examples of these free zones are Dubai Internet City and Silicon Oasis, which are specifically designed for the IT and innovation industries. Or, Dubai...

How to structure the perfect business plan for success

Now, it doesn’t mean that you have to perfect your business plan from the get-go. A well-written business plan requires time and effort, and it keeps evolving as you learn and understand more about your business, your market, and ultimately, yourself.   However, even how important a business plan is, some entrepreneurs today still underestimate its relevance to achieving business success. And...

How to protect your company from the pitfalls of a startup

If you are a startup company, there is always a phase of trial and error. At this stage, learning from your own mistakes and of others is pivotal to your growth as it is an opportunity to discover a more effective business approach. It allows you to change your perspective and have a deep awareness of what your business needs to thrive.   However, without the right strategy or external support,...

How to protect your company from the pitfalls of a startup

If you are a startup company, there is always a phase of trial and error. At this stage, learning from your own mistakes and of others is pivotal to your growth as it is an opportunity to discover a more effective business approach. It allows you to change your perspective and have a deep awareness of what your business needs to thrive.   However, without the right strategy or external support,...

Lavasta Pharma launches family welfare product into the UAE

Dubai: At 2 events held on September 19th and 20th, 2019 respectively, at the V Hotel in Dubai, Lavasta Pharma hosted medical professionals from across the UAE to announce the launch of its brand, Zestra®. Lavasta Pharma acquired the rights to commercialize Zestra, from the global license holder; Innovus Pharmaceuticals, Inc., an over the counter consumer goods and specialty pharmaceutical...