9 Business Success Tips for Small and Medium Businesses - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

9 Business Success Tips for Small and Medium Businesses

Description:

Small and Medium enterprises are the backbone and job creator in every country. SMEs form the backbone of the Middle East economy as they contribute significantly to the growth of the economy. Here are the 9 Business Success tips for small and medium entrepreneurs that are worth paying attention to: – PowerPoint PPT presentation

Number of Views:12
Date added: 10 December 2019
Slides: 14
Provided by: muhammeds

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: 9 Business Success Tips for Small and Medium Businesses


1
9 Business Success Tips For Small And Medium
Businesses
2
Small and Medium Entrepreneurs - UAE Statistics
  • Small and Medium enterprises are the backbone and
    job creator in every country. SMEs form the
    backbone of the Middle East economy as they
    contribute significantly to the growth of the
    economy.

According to the UAE Ministry of Economy, the
SMEs make up 94 per cent of the total business,
employing 42 of the workforce and contributing
40 to Dubai's GDP.
3
Small and Medium Entrepreneurs GDP Contribution
in the UAE
  • SME contribution to GDP is high in the UAE
    compared with other GCC countries
  • In the UAE, SME contributes to 60 of the total
    GDP

4
8 SME Business Tips
  • Here are 8 SME Business Success tips for small
    and medium entrepreneurs that are worth paying
    attention to

5
Planning
  • Proper Planning is the first step towards the
    Goal
  • Planning is the roadmap that helps to achieve
    your Goal

Planning is bringing the future into the
present so that you can do something about it
now. ? Alan Lakein, author Every minute you
spend in planning saves 10 minutes in execution
this gives you a 1,000 percent return on energy!
? Brian Tracy, author and
motivational speaker
6
Quality of Your Product/Service
  • Strive to deliver products that are durable and
    best in quality
  • Stay true to your products and services
  • Your companys future depends upon the quality of
    the Product and Service
  • Quality is to give the customers what they
    want.
  • SAM WALTON
  • Quality is generally transparent when present,
    but easily recognized in its absence.
  • ALAN GILLIES

7
Customer First Principle
  • Focus on your customer
  • They are the reason why the business exists
  • Always look for ways and how to add value for our
    customers

"The magic formula that successful businesses
have discovered is to treat customers like guests
and employees like people." - Tom
Peters "Customer service shouldn't just be a
department, it should be the entire company." -
Tony Hsieh
8
Right Employees
  • Hire the right employees
  • Happy employees are the biggest asset for the
    organisation

"The greatest asset of a company is its people."
- Jorge Paulo
Lemann
9
Innovation
  • Innovation is the key to success
  • Companies operating in the same vertical should
    be your prime focus
  • Gain inspiration from the largest business in
    your country
  • For e.g. If you are in the UAE, I would advise
    you to learn from the top Business Groups such as
    Al Tayer Group, or their subsidiary such as Al
    Tayer Travel, Al Tayer Motors, or Al Tayer Real
    Estate etc.
  • If you are in the USA, then try to learn from
    Apple, Wallmart

"You cant solve a problem on the same level that
it was created. You have to rise above it to the
next level. Albert Einstein
10
Test Your Ideas
  • Test your ideas before you use it
  • Build a minimum viable product test it if
    possible
  • Learn from the mistake and customers feedback
    and improve it
  • Tweak it to suit your test market
  • If you dont like testing your product or
    service, most likely your customers wont
    like to test it either.
    Anonymous
  • You have to test your ideas in a public forum
    -
    Hillary Clinton

11
Know Your Competition
  • Be aware of your competitors
  • Analyze your competitor
  • When you know both yourself as well as your
    competition, you are never in danger. To know
    yourself and not others, gives you half a chance
    of winning. Knowing neither yourself or your
    competition puts you in a position to lose.

  • - Sun Tzu

12
Always Improve
  • Always look for new ways to improve your business
  • Continuous improvement is the best way to keep
    future risks at bay

The improvement of understanding is for two
ends first, our own increase of knowledge
secondly, to enable us to deliver that knowledge
to other. -
John Locke
13
Thanks
About PowerShow.com