Assignemnt Essay Example | Topics and Well Written Essays - 2000 words

Assignemnt - demonstrate ExampleEntrepreneurs face several problems and difficulties while planning to start a new affair in a new country. Entrepreneurs need to proper research regarding start of a business in a foreign country in a proper way in order to be successful. A typical analysis will cover the history of the industry, including discussions of key dates, historic growth patterns, and other matters (Smith). In this paper, we will discuss ten most pertinent problems and difficulties that an entrepreneur in the U.A.E, particularly in Dubai, rear face while going on to start a new restaurant. Ten Most Influencing Difficulties for Entrepreneurs nigh of the uncouthly observed difficulties which entrepreneurs are likely to face in the United Arab Emirates include finding relevant information, inadequacy of information, obtaining trade license, developing taste for local people, recruiting key workers, cultural problems, increase in the competition, cut inflow of foreigners, less capital, and diverse customer base. Let us discuss all of these issues in around detail in order to get a better understanding of how these problems affect entrepreneurs. ... It is a common misperception that the financial recession has only encroachmented the financial markets. While there is no doubt that the have-to doe with has been very severe on the financial markets, but there has been a very severe impact on the consumer sector as well. The sectors such as structure, automobile, textile, and food have also suffered because of the financial crisis. With the novel hit by the global economy crisis, many have lost their daily jobs during that period (Goh). Therefore, we foundation say that the recent economic crisis has not only put an adverse impact on divers(prenominal) sectors and industries but also it has affected the employment conditions of almost every country. Dubai and the Recent Economic Crisis Dubai is that part of the world, which was to a enormous ex tent affected by the current economic recession. The most affected sector in Dubai was genuine estate. The real estate bubble that propelled the frenetic expansion of Dubai on the back of borrowed cash and speculative investment, has burst (Lewis). galore(postnominal) companies had to stop their large-scale construction projects due to adverse impact of economic crisis on the economy of Dubai. A large part of the governments spending was also in the real estate construction and development sector. With this decrease in the flow of capital, the economy of Dubai became relatively slow. Therefore, this is also an important factor wherefore most of the entrepreneurs find it difficult to invest in Dubai now because investment in the restaurant business heavily relies on stable economic conditions. Restaurant Business The restaurant business has a great cultural significance when it comes to Dubai. This is because the city has always been marketed as