Patience is a virtue and can be an essential element in the creation of a successful business or business leader. Photo: Linkedin Sales Solutions/ Unsplash
Patience is a virtue and can be an essential element in the creation of a successful business or business leader. Photo: Linkedin Sales Solutions/ Unsplash
Patience is a virtue and can be an essential element in the creation of a successful business or business leader. Photo: Linkedin Sales Solutions/ Unsplash
Patience is a virtue and can be an essential element in the creation of a successful business or business leader. Photo: Linkedin Sales Solutions/ Unsplash

What young entrepreneurs need to do to achieve success


  • English
  • Arabic

A relative of mine pointed out how impatient I was in my younger days. “The problem with your generation,” she would say, “is that you don’t put in the time and dedication for anything to work. You have big dreams, but you give up too easy”.

As a teenager, I dismissed her comments and thought they were irrelevant.

It wasn’t until I gave up on a small business idea that I started in college a few years later that I started paying attention to her advice.

“If you just dedicate time and persistence to anything in life, it will become a success,” she had said.

Over the years, I learnt to become more patient. I knew that the success stories we hear about are the result of long years of hard work.

Eventually, I got better at focusing on future goals. Just as my relative had advised, I realised that success — be it on business or personal front — is about showing up every single day, and consistently dedicating time and effort to developing your business, abilities, skills and brand.

While we can’t guarantee that our business journey will be free of challenges, we can control the time we dedicate to our business and trust that persistence results in success in the long run.

Back in my teenage years, even though I was impatient, I was always a dreamer. Like many entrepreneurs, I dreamt of success and a corner, beach-view office.

But dreaming is not enough, like my relative said. To realise my dreams, I needed to believe that my efforts will pay off eventually.

Impatience isn’t unique to me. It’s a pattern I see with many young entrepreneurs. I have worked with a number of young mentees and interns, whose passion and hard work inspire me to think outside the box and to be unconventional.

I have also seen how disheartened they get when dealing with multiple rejections, and how impatient they might get when they don’t see results shortly after pursuing their dream business.

It’s easy to think that only certain kinds of entrepreneurs can make it … those with more experience, with the right background, or those who just got lucky. Though it may be the case for some, it’s not the rule, but an exception.

From what I have seen over the past 12 years, what separates those who make it big in life from those who don’t, is their continuous dedication and commitment to learn, grow and realise their goals.

That consistency is the reason behind every successful entrepreneur I know of, and this is what I urge young and future entrepreneurs to keep in mind.

Commitment and consistency are hard to keep up, especially amid uncertain times, and that’s why not many entrepreneurs end up being successful. But the more committed and persistent you are, the closer you are to realising your goals.

If you are constantly developing your business, learning, growing and networking, it is bound to expand.

I urge young entrepreneurs to ask themselves: do you have what it takes to be persistent to realise your goals?

I promise, that if you do, the results are worth the wait.

Manar Al Hinai is an award-winning Emirati writer and communications consultant based in Abu Dhabi

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
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Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
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Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

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%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206%2C%20Bluetooth%205.0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%2C%20starlight%2C%20midnight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%20or%2035W%20dual-port%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C999%3C%2Fp%3E%0A
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Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

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HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
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6.30pm: Maiden Dh165,000 2,000m - Winner: Powderhouse, Sam Hitchcott (jockey), Doug Watson (trainer)

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10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

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Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Updated: May 12, 2023, 3:19 PM`