More From Neil Petch
When you see the obvious signs of wealth on display in the UAE, you might be forgiven for thinking that just by launching a business here, you'll be on your way to fame and fortune.
To improve outcomes and ensure full accountability, the lean approach puts a lot of focus on how we measure progress, set milestones and prioritize work.
If reaching those dizzying heights of success is in fact your goal, ask yourself if the following indications are there that you are heading towards those bigger things.
Let's take a look at what you entrepreneurs out there should be considering when screening to fill any and all positions at your company.
It's important to understand that your company's performance may truly suffer if you do not learn how to disconnect, because productivity is indeed affected quite considerably if we are working long hours without mixing things up.
While one might think a big ego is actually a common trait among over-achieving business people (or over-achievers in general), the truth is that an out-of-control ego is anything but conducive to success.
If mental toughness can be learned, then how exactly does one do that? As you can imagine, a lot of it has to do with your mental approach to life.
If ever there was a place from which to draw inspiration for the way you run your business, the UAE may just be your ideal candidate.
What should always be kept high up in the conscious thoughts of the entrepreneur is that the effort required to succeed at any stage of the business lifecycle is usually much more intense than you imagine it to be, and when you feel like you've reached the breaking point, that is when you have to fight the hardest.
While many average company owners may stand before that which they have build, and say, "Great, it works, we are done here for a while," a good entrepreneur thinks, "Great, it works, but I want it to be better."
What can you take from your own experience, from an industry you know well, or from your current role, that can blossom into a standalone business opportunity? Upon close review, the answer might be a lot clearer than you think.
Starting a Business
At some point in your life, when you've had enough experience in any one thing –or just gotten enough "life" experience– it's not a bad idea to sit down and craft a list of advice or "rules" of your own. You may be surprised at what ones you have actually been living by all this time.