Tariq Chauhan, Special to Gulf News

Articles from the author

Budget compliance cannot be a quarterly task

Businesses have often been lax in the whole budget compliance processes

Budget planning and compliance must be a regular to-do task for businesses. How often do you get that done?

How well can businesses manage risk and debt?

Entrepreneurs can make as many backup plans they want - but will they work?

The present offers opportunities and heightened risks of business failures. Steering clear of the latter needs planning to extreme detail.

Young professionals need to fix their work-life issues

Financial stress levels build up in younger employees choosing a too-fast approach

Even in routine lifestyle costs, youngsters must carefully plan as financial stress can be fateful.

Competition is eroding UAE’s FM industry margins

Profit and margins were never solid, and added pressure is further cutting in

Pure-play FM businesses are the worst off because they cannot rely on other revenue streams being part of a bigger group.

Project contracts cannot be shorted by self-interest

If any single entity gets more benefits, such contracts would fizzle out

Covid taught businesses how to be resilient at the worst of times. But such awareness has not seeped into contractual agreements.

Paying steep rates for zero CX is painful

Airlines, hotels are running at full, but what about meeting certain service standards?

Long queues and longer waiting times are part of the travel and stay experiences these days. But should that mean disregard for customers in full?

Facilities management turns into a zero-sum game

How much should buildings deteriorate before landlords realise it?

A realistic assessment of costs never seems to enter FM contract negotiations.

SME owners cannot get over their funding issues

Even if they do manage to tap bank funds, make sure to count cost of capital

How startup founders manage their initial cashflow will spell difference between making it or not.

Cost spiral is adding to UAE FM sector costs

Only HR related costs are still under control, and even that not for too long

Inflationary costs are starting to weigh down FM businesses in the UAE. Some of these cost gains relate to imported cost escalations.

Companies must put a bit of soul into recruitment

Especially in these COVID-19 affected times, HR practices need a rethink

After the pandemic, job opportunities have shrunk across sectors. Which is why, companies, their HR personnel and recruitment entities must give a bit more thought about his this is handled.

UAE's facilities businesses are getting cut out

Costs are not being shared in their right mix, and this will damage real estate

Cutting into FM budgets may save developers and property management companies on their expenses, but it will also be impacting on the lifecycle of those very properties.

Post-pandemic recovery will also be about mindsets

Periods of history will tell us that economies and individuals have done it before

The vaccines shots are being spread around the world, and along with that, there needs to be a change in mindsets. It's a time to ditch negativity.

LOAD MORE

TRENDING STORIES