Entrepreneurs with small start-ups said that joining entrepreneurial support institutions significantly reduces risks.It helps in obtaining financing at low preferential rates, provides marketing advantages and export opportunities, in addition to lowering the cost of fees and obtaining licenses at nominal prices.
They advised entrepreneurs wishing to establish a new business to join the sponsorship and support institutions that are spread in the UAE because of the significant support they provide, especially during the first two years of the project.
Sweets and Chocolates
The entrepreneur, Salsabil Mahmoud, said she wanted to set up a sweets and chocolate project after studying the market for a long time, and decided to start from her home and through social media. She confirmed that she had achieved success when she joined the membership of supporting youth projects in the Ajman Chamber of Commerce and Industry, pointing out the choice of its project to display its products at the exhibition «Franchise», which was held in Abu Dhabi recently, which enabled her to open new marketing channels.
Emirati breakfast
Entrepreneurs Ahmed Al Tunaiji and Abdul Karim Al Ali said their project is a traditional Emirati breakfast.
They pointed to many difficulties facing the establishment of business, especially in the beginning, which is to obtain financing at preferential prices, and to open marketing channels through participation in exhibitions, and stressed that the support of the project by the relevant government institutions is important and necessary, during the first two years at least This will enable the employer to continue and succeed, especially as the institutions supporting projects sign agreements to provide financing at preferential discount rates, in addition to opening the field for marketing and reducing the cost of fees and licenses.
They added that their accession to the Saud bin Saqr Foundation for the Development of Youth Projects helped them greatly in the success of the project idea.
UAE Beverages
Rima Saad Al Ali, an entrepreneur, said she has started an Emirati beverage project under the umbrella of the Abu Dhabi Business Women Council's "Innovative" initiative.
She explained that the license «creative» provides her with many advantages, such as exemptions from fees, attendance of exhibitions and events, which opens marketing doors, in addition to easy access to financing.
She advised Al Ali, young people wishing to start a business, to join the umbrella of sponsorships and support entrepreneurs deployed in the UAE.
- Owners of projects
They considered that joining
To support institutions
Entrepreneurs ease
Risks.