What is it that drives women to create their own path and how have they done it? Karen Osman talks to a few women entrepreneurs to learn more.
The entrepreneurial spirit in the UAE attracts many potential and existing business owners looking for a platform to realise their big idea, or to capitalise on the business opportunities in the region.
This phenomenon is so prevalent, that small and medium enterprises account for 95 per cent of the total business population in Dubai, according to Dubai SME, an agencyof Dubai Department of Economic Development dedicated to SME development.
The 3 F’s
Women set up their own businesses for a variety of reasons including career satisfaction, freedom to dictate their own schedule or for financial reward. While this may be true in the long run, the initial phase of setting up a successful business requires dedication, hard work, and motivation. Simran Samtani, the co-founder and director of Xcel Accounting, sums it up when she explains what her motivations were to make her go solo in her business venture. “There are three F’s that motivated me to become an entrepreneur: first, the freedom of being my own boss; second, the flexibility to do what I want and when I want; and lastly, finance, which is our product. A tip for all new and budding entrepreneurs is that you have to give more of each of these in the initial years to then gain it back later,” she says.