Entrepreneur Majid Saif Al Muhairi reviewed his successful experience with private business by saying: “I often thought about the future, and the idea of establishing a private business appears from now and grows with me, waving from time to time, until my passion increased after reading the book (One Hundred) Business, which tells of successful experiences, decided to be one of the business success stories, and founded (Square Meter Electromechanical Contracting) specializing in large refrigeration systems.
Al-Muhairi added to «Emirates Today»: «the secret of my success in work is a saying that I will put in front of me, and it is (learning from yesterday), as this taught me to convert every failure or failure into lessons in facing the future, and to complete the project, despite the existence of difficulties in the beginning.
He explained that the nature of the project is based on cooling works for large units, and the beginning was the work of regular air-conditioning maintenance, and I found that there is no development or growth in it, despite the existence of good financial returns, but it did not meet my ambition, so I thought about applying innovative and modern technologies in this field, and I took an agency From one of the well-known international companies, and it started again, stressing that the techniques he used in the maintenance, cleaning and safety of refrigeration systems, save time, and give the best results through a trained team and a specialized professional staff of technicians and engineers.
He added: "I advise young people to learn in the 1920s from successful models, after which they start their own business, and they must develop themselves and expand their ideas to build a successful name in a market full of competition."
He continued: "My personal example and my first source of inspiration is His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who sets out a vision and creates enthusiasm for youth, and its encouragement is always a motivation, especially in the field of establishing private business."
Al-Muhairi indicated that one of the secrets of success is also due to employing a smarter cadre than the employer himself, and more experienced, and able to read the market, and this is one of the things that benefited me a lot, I could not do everything and find it and think about it creatively, stressing that high technical standards contribute In business growth and expansion, these require specialist and experienced personnel.
He said, "It is important for the entrepreneur to arrange and secure his financial affairs, even if by investing in a lesser project, then moving to another bigger one, and so on, and that the profit is not rushed to ensure business continuity."
He stressed the importance of seeking expertise and market studies for anyone who wants to enter the business world, so that he knows what can add to what is already there, and this is what I relied on, as feasibility studies showed the negatives and weaknesses in the service provided by others, and I addressed them and filled the deficiencies in innovative ways What greatly contributed to the success of the work.
Small Projects
The business leader, Majid Saif Al Muhairi, stressed that he is against the idea of financial constraints or measures facing owners of small projects, because all of them can be overcome, whether by taking bank financing, or starting with what is available and then expanding, pointing out that a large percentage of projects that It did not continue in the market, the reason behind it is lack of patience, in addition to adopting a traditional way in work, stressing that every work is innovative and has effort and patience that works very well in the Emirates.