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How To Become An Entrepreneur In 2021

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The Covid-19 pandemic has changed our lives in unimaginable and unprecedented ways. It has been a tough time for businesses across the world, with delayed deals, paused investments, and falling consumers. However, a crisis can be handled and sometimes even used as a catalyst to build a thriving business. The pace at which businesses have adapted has been shocking and people have learnt new ways of working and collaborating in extremely short periods. Every situation is a learning experience and entrepreneurs have the opportunity to learn a great deal from this pandemic.

To become an entrepreneur in 2021, you have to take big risks to turn your unique idea into a reality. There’s no one tried-and-true path to becoming an entrepreneur, but there are lots of resources out there that can help you. Here are a few important points to keep in mind throughout your entrepreneurial journey:

Choosing an idea for your venture

Choosing an idea for your new business is all about setting yourself apart from others. Focus on your skills, experience and passion. Sticking to what you love, what you know best, and what you feel the world needs, is a recipe for success and the key to great entrepreneurship. To start a business in 2021, it is important to take the new normal into account. The COVID-19 pandemic has changed the way people consume products and services.

 Build your network

The world of business is not a solitary journey and you need business partners to help you achieve your goals. Building a strong and diverse professional network is crucial for entrepreneurs. It surrounds you with knowledgeable and resourceful people. Part of entrepreneurship is opening yourself up to new opportunities that can enrich you and your business. Building a network introduces you to a diverse group of people from all over the world. You can learn from their unique experiences and have access to their specific skills.

Plan your finances

A good financial plan keeps you focused and on track as the company grows, when new challenges arise, and when unexpected crises hit. The financials form a critical part of your overall business plan, without which you’ll have a hard time assessing the performance of your company. Create a budget as it helps you understand how much money you have, how much you have spent, and how much money you will need in the future. It can drive important business decisions like cutting down on unwanted expenses, increasing staff, or purchasing equipment.

Learn from your failures

Learning from your mistakes is a very important aspect of entrepreneurship. Starting a new business, or even running an existing one, can be a process full of trial and error. Whenever you find yourself facing a failure, look for the lesson, put a new plan in place, and reach out to the people most directly affected. Your ability to push through failure where others quit will lead you on the road to success.

Never give up

It is easy to enter into the arena of business with a unique idea but the path to success is not smooth. Every successful entrepreneur you see today has gone through various challenges. With their skills and hard work, they have overcome each hurdle they encountered through their journey. Most entrepreneurs go through a rough phase when they are unable to handle the pressure. Always believe in yourself because you are actually stronger than you think.

Finally, there is no ‘by the book’ structure to become an entrepreneur. The journey to success might be long, but it’s rewarding. have faith in yourself and keep going.

Also read: Saudi Navy Force Unveils Warship Jazan in Spain

 

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Dubai eases restrictions on students returning from Abu Dhabi schools

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On Monday, pupils at Abu Dhabi schools will be able to return to class as Dubai lifts its

The move follows a period of online instruction at Abu Dhabi school since the start of January. As a precautionary measure amid a surge in Covid-19 infections. With the move, all Abu Dhabi schools have reverted students to online learning at the start of January. Due to an outbreak of Covid-19 have now resumed in-person teaching.

“Thanks to the support and cooperation of parents, educators, and students, PE lessons, gatherings, trips, and extracurricular activities can resume on Monday.” Dubai’s Knowledge and Human Development Authority announced on Friday.  “Because of the support and cooperation of parents, educators, and the students themselves, PE lessons, gatherings, and trips will resume on January 31,” the authority said.

ALSO READ: Emirates unveils world’s most expensive and fastest ambulance

Private schools, preschools, and universities can reopen their cafeterias and eating areas starting on January 24.  Earlier this month, authorities announced a phased return of schools it will take place on January 24 and 31.

The headteacher of Brighton College Abu Dhabi. Helen Wilkinson said the move had been in the making for a long time.

Abu Dhabi welcoming back its prep and senior students

It will be staggered and controlled on Monday morning and evening, she said. “We are excited to see as much of the Brighton community again on Monday.”

“Distance learning has developed in leaps and bounds since the beginning of the pandemic. Moreover. But it cannot replace the buzz felt when we are all in the same room together.

However, As the school prepares for the full return of all year groups on Monday. Ms. Wilkinson said they will be making sure all PCR test results are within the 96-hour period and taking temperature readings on arrival.

Michael Wilson Principal of Cranleigh Abu Dhabi said welcoming back its prep and senior students is a major highlight.

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Sheikh Mohammed is highlighting German Pavilion in Expo 2020 Dubai.

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Sheikh Mohammed bin Rashid

Germany played a vital role in EXPO 2020. That’s why Sheikh Mohammed highlighted this by visiting German Pavilion in EXPO 2020 Dubai. 

the Expo 2020 Dubai

the Expo 2020 Dubai

This world fair in Dubai was not accessible. The role of Germany has been influential, and that’s why Sheikh himself highlights that by visiting their pavilion. Sheikh Mohammed Highlighting German Pavilion in EXPO 2020 Dubai shows how much he cares for people who have helped make EXPO 2020 successful. Germans are lucky to get such appreciation from the man himself. 

It’s all giving and take. The people who stand by you in starting should be given credit when you are at the top. Sheikh did the same by visiting German Pavilion at EXPO 2020.

His Highness Sheikh Mohammed bin Rashid Al Maktoum:

Today, the vice-president and Prime Minister of the UAE and Ruler of Dubai stayed at the German pavilion at Expo 2020 Dubai.

During the visit, Sheikh Mohammed highlighted the significance of Germany’s role at Expo 2020 Dubai. Given its vast knowledge and experience in innovation and in feeding solutions that serve society.

Sheikh Mohammed also highlighted the mega event’s chances to share ideas and innovations that build a better future for humanity. HE NOTED THAT the UAE is keen to fund innovative ideas to enhance people’s satisfaction and quality of life.

During the tour, Sheikh Mohammed show various parts of the German pavilion located at the Sustainability District. Under the theme ‘Campus Germany’, the pavilion features sustainability-themed standards of invention and ingenuity.

Sheikh Mohammed saw the pavilion’s individual exhibition spaces to create visitors’ immersive experience. The pavilion has an ‘Energy Lab’, ‘Future City Lab’ and a ‘Biodiversity Lab.’ It showcase different German innovations that encourage sustainability.

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The demand for Gold peaked in the last three years in the UAE.

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Gold rates dubai 2022

Gold is showing incredible strength even in 2022. Once again, the demand for Gold peaked. It is currently at the highest level. Data shows the market of Gold is most elevated in the last three years. Many forces are supporting gold demand this year too. 

Gold prices in the UAE rise

Gold prices in the UAE rise

Rise of Gold at the top in 2022:

This yellow metal continues to outperform. This year it is standing at three years’ highest level demand. The demand for Gold in UAE is at its peak. According to the World Gold Council, the market for Gold reached 1,147 trillion in Q4 2021. Its highest quarterly level since Q2 2019, and an upsurge of almost 50 percent year-on-year.

Annual demand, excluding OTC markets, has healed many of the Covid-19 caused losses from 2020 to reach 4,021 trillion for the entire year in 2021.

The gold bar and coin market rose 31 percent to an eight-year high of 1,180 trillion. Retail investors desired a haven against the background of growing inflation and constant economic pause caused by the coronavirus pandemic.

World Gold Council’s Data 2021-22:

The World Gold Council’s data series registered outflows of 173 trillion in 2021 from gold-backed ETFs. Some investors decreased barriers early in the year amid vaccine rollouts, while growing interest rates made maintaining Gold more expensive.

The 2,200 trillion that gold ETFs have gathered over the preceding five years indicates investors’ continuing priority on including Gold in their portfolio. 

Q4 demand surpassed its highest level since Q2 2013. A quarter where the cost of Gold was 25 percent lower than the average relative price in 2021. This underlining the power and demand of Gold in the most recent quarter.

According to the World Gold Council, growing inflation and the post-pandemic economic tension have sent demand for Gold to a two-year high.

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