Business | Opinion
Managing pressure at work: Motivating entrepreneurs
Entrepreneurship is the prime factor that will bring about a quicker economic recovery in the region as a whole, and in the case of Dubai
- By Carole Spiers, Special to Gulf News
- Published: 00:00 November 2, 2010
- Entrepreneurs bring innovation and life into the workplace
- Entrepreneurial attitudes and mindsets will bring about sustainable growth
- Global Entrepreneurship week takes place from November 15-21.
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I heard Carole speak at the Big Idea event and she has given me the roadmap for my Entrepreneurial journey.
Anonymous, London, United Kingdom
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I wish we could have more Khalid Al Kamali's in our world. He is certainly an inspiration to us all.
Anonymous, London, United Kingdom
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I definitely agree with the statement that entrepreneurship is one of the key elements to economic growth. In order to be successful, entrepreneurship needs a supportive environment which undoubtedly has been present in Dubai. Nonetheless, there is still space for improvement: especially in the area of financing innovative entrepreneurs and having the right mindset. From what I observed during the few months I have been in Dubai there might be a shortage of private equity if compared to countries like the United States. This hinders the development of entrepreneurs and does not allow for economic growth to reach its full potential. It is also important to realize that entrepreneurship is tied with failure, and that failure allows for learning and improvement to take place. Failure of entrepreneurs should thus not be regarded as something negative but merely as a part of the learning process. Consequently, entrepreneurship requires a certain mindset to overcome failure and persistence is the key to success. In conclusion, I see great potential in the economic development of Dubai and am curious about what the future will bring.
Tomas Ptacek, Dubai, United Arab Emirates
It was a pleasure to be back in Dubai last week, and the positive mood from the commercial sector was perceptible. Company outgoings have been streamlined and I now hear the word ‘consolidation' increasingly being replaced by 'growth'.
The presentation I delivered entitled ‘Release the Hidden Entrepreneur in You' at the Big Idea event was a resounding success. Aspiring Entrepreneurs presented their business ideas to a panel of judges, of which I was one. The creativity and innovation delivered from the platform certainly demonstrated to me that entrepreneurship is the keyword, not only for the winner who deserved his award but for all the finalists.
Entrepreneurship is the prime factor that will bring about a quicker economic recovery in the region as a whole, and in the case of Dubai, will bring about a turnaround in commercial and industrial activity.
Entrepreneurs bring innovation and life to the workplace with new ideas and an energy and enthusiasm that is communicated to the entire workforce. In all countries and all societies there are those who lead and those who follow, and commercial activity needs both to attain sustainable success.
Dubai, in particular, has been a good example of this over the past fifteen years as a sleepy fishing port has been dramatically transformed into one of the world's busiest tourist destinations and a commercial hub for the entire Gulf region and beyond.
A case study
I talked to Khalid Al Kamali, an 18-year-old student — who is also a UAE National Snooker and Billiard Team player — and his thinking was refreshing and insightful. Here was a young man studying for law but with a passion and drive for the chosen recreational sport in which he excels. Khalid maintains that you cannot be successful if you don't have the right attitude and mindset. To be so young and yet have such a clear vision and focus will certainly take him to where he wants to go in life.
The future for Dubai, and the UAE, is certainly bright if we use Khalid as our example. A young man with a strong belief system who lives and breathes his personal goals.
‘Motivating Entrepreneurs of Tomorrow' is my mantra, and after my visit here last week, it has been strongly reinforced by the optimism I encountered for the future, in so many business people with whom I talked.
I will be returning to Dubai during Global Entrepreneurship week, from November 15-21, when it is estimated that 7.5 million participants will take part in 32,000 events in over 100 countries around the world, exposing people of all ages to quality entrepreneurial experience. Now, isn't that a perfect example of the world pulling together?
Key factors
The author is a BBC guest-broadcaster and Motivational Speaker. She is CEO of an international stress management and employee wellbeing consultancy based in London. Contact them for proven stress strategies - www.carolespiersgroup.co.uk
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