The need of immigrating outside the Arab World has many causes; one of which is the recession.
When a recession hits an economy, it consequently hits your ambitions to stay in such economy as you will witness its weakness. You will experience the lack of opportunities to find a new job in home or neighboring markets.
When you cannot move forward in your life and cannot increase your income to meet your commitments, you will automatically think of a way out of this situation as it does not serve you.
Eventually, the card of immigration is the best exit outside these unstable economies.
Many business owners, especially those who want to startup a business, usually have unrealistic expectations when it comes to sales. Owners, who usually have high expectations, fail in the first 3 years of operations as they expect to make tons of cash as soon as they open. Their previous experience with big companies let them think that they can achieve the sales that they are used to hit every single year.
To succeed running a new start-up, you need to consider the following:
- Minimize your cost – do not over-hire employees
- have realistic profit margins – make sure you price your services way below big competitors
- expand your client base – take a small portion of your client’s work and then expand
- ask others for help – I don’t know is a good habit
- deliver quickly to clients – focus on delivery not on showing off your knowledge and brilliance
- cannot lower its cost due its huge operating and financing expenses
- have a large profit margin to satisfy its greedy shareholders
- have a big client base where they do not mind lose some to small competitors
- have managers and departments with big-egos where they are not used to ask for help. However, they order and force junior employees to deliver what they cannot deliver or have no knowledge about to deliver.
- won’t deliver quickly due to its bureaucratic layers.
Take these as an advice to have realistic expectations when selling your products and services.
If you are told that your country is going through rough economic times, believe me this is not the last time you will hear in the next 10 years.
The population bubble of the Arab World is exhausting the remaining natural resources in addition to the lack of investments in the industrial sectors which usually create huge number of jobs.
However, if these investments were made, this does not guarantee that the Arab industrial sectors can compete regionally or internationally as there are several countries that are a century ahead of us.
You can take Japan as an example and you can ask yourself; can the most successful engineers and investors in the Arab World form a company that can compete with Toyota to sell vehicles?
I am sure you won’t risk your lifetime savings on an Arab car or take a car-loan to buy one. If you are opposing my opinion, please take a look at the shirt you are wearing and see where it is made from.
Therefore, don’t waste your time and lose your thirties in the Arab World.