We were in the news

Thanks to Entrepreneur Middle East  … they published one of our thought pieces.

If you need to kick start your business, then start with looking at the fundamentals. Here is the extract from the article:

Sustainability is not a buzzword. You need to feed it with balanced values for your business to survive. In an article in Entrepreneur in early 2017, Patrick Henry pointed out the high failure rate (75%) and “Why Some Startups Succeed (and Why Most Fail).”

So, if you (as a business) are floundering, the chances are that you are not addressing relevant customer needs with your products and services, which can result in the potential loss of business to competitors, and missing opportunities for revenue growth. Quite often, in playing the competitive game, you also end up eroding margins, and losing the balance between value created and value captured.

So, what should you consider? How do you add value?

1. Evaluate your ecosystem  When we talk about a business ecosystem, it includes everyone in your team from your suppliers to your customers. At every stage, you need to understand not just what you want but what each of them wants and balance it against a sustainable business model. This process starts with validating what your customers need, the market fit for your product/service, how you are packaging and pricing them. It’s always a good idea to work collaboratively with your ecosystem, rather than dictate your requirements.

2. Evaluate your business model Whether you are a small business or still at a startup stage, take another look at your business model. Begin by identifying your competition or, if you think you are unique, who could be perceived as your competition by your customers. Once you identify them, compare your USPs against them and measure the effectiveness of your marketing. Take the time to evaluate your sales processes, capabilities and execution, and validate your pricing and commercial terms.

3. Evaluate your cost of sales and general cost of doing business Once you have evaluated your business model, you then need to assess your operational processes and identify areas for improvement and cost reduction. This means you need to focus on real costs of doing business. Identify the value proposition for your customers, your suppliers, your team and yourself. Furthermore, you need to look at your products and services and identify areas for improvements. Evaluate your relationships with your suppliers and discuss with them the strategy that helps you both. These negotiations need not be just about cost but could be about payment terms, about long-term associations and partnerships, especially if your business strategy relies on these suppliers. Is it a benefit you can pass on to your customer? It could help in cases when you need to have a conversation with your customers.

4. Value proposition The final piece of the value game are the people on your team. A turnover (or a reduced team) could result in a drop in the quality of your product or service and affect the sustainability of your business. Your team is the voice and face of your company and if you face a staff turnover, then perhaps you need to evaluate your value proposition for them. Explore the reasons behind people leaving or not performing. Identify areas of unfair treatment, imbalance in payments and incentives, or perhaps it could be as simple as a lack of resources and leadership- are your people getting what they need to be successful in their jobs?

The bottom line is that it is always about the value proposition. Not just yours, but of your complete business ecosystem.

Read the article on Entrepreneur Middle East: https://www.entrepreneur.com/article/316493

We will be speaking at WOMENSME in Oct

WOMENSME conference will not only unite the most powerful ladies of the region but will showcase their great achievements. A film about Women who lives in UAE and do their work with Love will be shown.

According to the Kaufmann Foundation, a US$2 billion private US non-profit focusing on education and entrepreneurship, women are only a third as likely to get access to equity financing through angel investments or venture capital.

The International Finance Corporation estimates that leaves a financing gap for women-owned SMEs in developing countries of $285bn.

You want to do something good for economy? Invest in WomenSME.

Gone are the days when MENA women worked only at education institutes, hospitals and government institutions. MENA women of today have assumed prominent roles as decision-makers, bankers, journalists, judges, lawyers, media figures and scientific researchers. In fact, the number of women holding ministerial-level positions and other roles in public life has increased significantly in the last decade.

Within MENA, women from the UAE seem to have achieved the most. Nearly one-fourth of the 100 most powerful Arab women listed by Arabian Business consisted of Emiratis. They were followed by women from Kuwait, Lebanon and Saudi Arabia.

Women in the UAE and elsewhere around the region are an unshakeable economic force, with assets worth $385 billion (Dh1.4 trillion) managed by female-led small and medium enterprises.

 

Another happy customer

Version 2

May 2016: More than 70 leaders from the Mövenpick hotels in the Middle East came together at Mövenpick Hotel & Apartments Bur Dubai for the Mövenpick Business Academy. This Learning & Development event consisted of five workshops aiming to strengthen the development of leadership and commercial competence.

“The corridors at the Mövenpick Business Academy are still buzzing with excitement from those that attended the Business Strategy and Innovation programmes – Stay ahead in a changing world –  Thank you Mercuri and GrowMe” Peter Mitchell, VP Talent & Organisational Development

We love it when friends come to town!

We were honored this week to hosted Winnie Rode – Travelling Master of Tibetan Singing Bowls, Buddhist Yogi and Meditation Teacher.

In the serene gardens of Zabeel Ladies Club under a full moon we witnessed a rare and special opportunity.

Singing bowl concert v.2 May 2016

 

Pictures of the evening to follow … Lets just say … it was magical

We won an award

We were delighted to receive an award from H.E. Dr. Raja Al Gurg in April from the Dubai Business Women Council in recognition of our work in Ro’Ya 2015 to support women skill up and start new businesses in the UAE.

DBWC RoYa award

The Gala Event was held at the Zabeel Ladies Club and was a wonderful evening of networking and mingling with the DBWC board members and other partners and members. Thank you to the Team at DBWC for hosting such a wonderful evening. We feel humbled and honored.

Women-able – Launch 26th March

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On 26th March, we will launch our 2016 women entrepreneur program.

Women-able – Promoting Women Entrepreneurs of the UAE.

Throughout the last month. we have received more than 200 applications from women wanting to start or grow a business. Our HOT 100 are now selected and have amazing ideas, that we will help them take forward over the next 8 months.

Our launch event is being hosted by Dubai Ladies Club.

We would like to thank all our supporters for their hard work and generosity for making this opportunity available to women in the UAE.

Cherie Blair Foundation for Women | JP Morgan Chase Foundation | Dubai Business Women Council |Executive Women | Kiwa Digital – Middle East

If you are interested in supporting this initiative,

please contact women-able@grow-me.biz

 

Promoting Women Entrepreneurs in the UAE

womenable header

 

We are delighted to announce grow.ME in association with the Cherie Blair Foundation for Women

will be launching our 2016 initiative ‘Promoting women entrepreneurs in the UAE’,   proudly supported by JP Morgan.

Our strategic partner Dubai Business Women Council, will once again be supporting us to ensure we  power women in business across the region.

The initiative is open to all women in the UAE .

If you have a

  1. Business idea and want to start
  2. Newly launched start-up and need support
  3. Business that needs to grow

this is the program for you.

Registration opens on March 1st, and our first session is scheduled for March 19th.

For more information go to www.women-able.com

CBF logo     Dubai Business Women Council