There’s no doubt that the business world is becoming a challenging place for start-up entrepreneurs. As the Covid-19 pandemic shows no sign of slowing and many countries experiencing a second-wave of rising infections, start-up entrepreneurs are looking for ways to survive the crisis by cutting costs while continuing to win new customers.
I spoke to an entrepreneur recently after I noticed how he slowed down his operations two years into his business. He laughed and said that he had to think like his Bedouin ancestors, who strategically navigated through harsh conditions with minimum resources.
Our conversation got me thinking more about the current situation and how Bedouins survive challenges in the desert.
My elderly Bedouin friend told me that surviving a harsh environment involved three strategies: allocating resources wisely; being resilient; and thinking long-term.
Here’s how start-up entrepreneurs could apply the same strategies from my Bedouin friend’s survival handbook to power through the pandemic.
Allocate resources wisely
One of the mistakes an entrepreneur friend of mine made was that he spent most of his budget in January ahead of the launch of a chic restaurant in March, with no crisis plan in place. He went ahead with the launch even though he had heard that business could be negatively impacted by the Covid-19 virus that was already travelling through the world, and he didn’t have any emergency cash to fall back on.
This is where we could learn from Bedouins. Even when a situation seems to be fine, my elderly Bedouin friend learned to allocate her resources wisely at a young age. “We always saved food, and water, even if an oasis was nearby,” she said.
With the crisis expected to exist for a while, start-up entrepreneurs should try to have an emergency budget on hand and a crisis plan in place.
Resilience and resourcefulness are key
“A sandstorm could destroy your home, livestock and your belongings in minutes, but if you want to live, you have to get up and never give up,” my Bedouin friend said. The main challenge all of us are facing is surviving the pandemic. We also know that the Covid-19 crisis is not the last crisis the world will witness. In business, internal and external factors could negatively impact your business, and it’s your attitude that will determine whether to let the situation bring you down, or to perceive the challenges as opportunities to learn or pivot. This is where resourcefulness comes in handy.
How can you make the most of the resources in hand? When my entrepreneur friend couldn’t open his restaurant in March, and was low on cash, he had to pivot and thinks of ways to be resourceful and not lose his restaurant or staff. What he did was that he decided to bring the chic experience to his customers’ homes so that they could enjoy a fancy, and safe meal. He hadn’t planned to have home delivery service in the beginning, but the pandemic forced him to be resourceful. Today, he’s re-thinking his entire business model, and wondering if he should only offer a home-delivery option for his clients to save costs in the long-run.
Think long-term
“Every decision we make, we think of it for the long-term. We don’t know when it will rain, or when will we have access to more food,” said my Bedouin friend. In business, just like life in the desert, you shouldn’t live your life day-by-day. Though we can’t predict what will happen in the future, it’s advisable to have a plan in place for how you manage your operations in crisis situations. Having a long-term plan in place could not only save your finances, but also help you to remain focused, be mentally prepared and look out for opportunities.
By focusing on being resourceful, resilient, balancing our budgets and thinking long-term, we will not only be better equipped to survive unexpected crisis, but we could also learn to thrive and turn adversity into opportunity.
Manar Al Hinai is an award-winning Emirati journalist and entrepreneur, who manages her marketing and communications company in Abu Dhabi
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Users can also invite other contacts to download ToTok to allow them to make contact through the app.
Dubai Creek Open in numbers
- The Dubai Creek Open is the 10th tournament on this year's Mena Tour
- It is the first of five events before the season-concluding Mena Tour Championship
- This week's field comprises 120 players, 21 of which are amateurs
- 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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Benefits of first-time home buyers' scheme
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Changing visa rules
For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.
Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.
It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.
The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.
The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.
Day 1, Dubai Test: At a glance
Moment of the day Sadeera Samarawickrama set pulses racing with his strokeplay on his introduction to Test cricket. It reached a feverish peak when he stepped down the wicket and launched Yasir Shah, who many regard as the world’s leading spinner, back over his head for six. No matter that he was out soon after: it felt as though the future had arrived.
Stat of the day - 5 The last time Sri Lanka played a Test in Dubai – they won here in 2013 – they had four players in their XI who were known as wicketkeepers. This time they have gone one better. Each of Dinesh Chandimal, Kaushal Silva, Samarawickrama, Kusal Mendis, and Niroshan Dickwella – the nominated gloveman here – can keep wicket.
The verdict Sri Lanka want to make history by becoming the first team to beat Pakistan in a full Test series in the UAE. They could not have made a better start, first by winning the toss, then by scoring freely on an easy-paced pitch. The fact Yasir Shah found some turn on Day 1, too, will have interested their own spin bowlers.
Scores
Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)
Killing of Qassem Suleimani
The Lowdown
Kesari
Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra
The%20specs
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BIOSAFETY LABS SECURITY LEVELS
Biosafety Level 1
The lowest safety level. These labs work with viruses that are minimal risk to humans.
Hand washing is required on entry and exit and potentially infectious material decontaminated with bleach before thrown away.
Must have a lock. Access limited. Lab does not need to be isolated from other buildings.
Used as teaching spaces.
Study microorganisms such as Staphylococcus which causes food poisoning.
Biosafety Level 2
These labs deal with pathogens that can be harmful to people and the environment such as Hepatitis, HIV and salmonella.
Working in Level 2 requires special training in handling pathogenic agents.
Extra safety and security precautions are taken in addition to those at Level 1
Biosafety Level 3
These labs contain material that can be lethal if inhaled. This includes SARS coronavirus, MERS, and yellow fever.
Significant extra precautions are taken with staff given specific immunisations when dealing with certain diseases.
Infectious material is examined in a biological safety cabinet.
Personnel must wear protective gowns that must be discarded or decontaminated after use.
Strict safety and handling procedures are in place. There must be double entrances to the building and they must contain self-closing doors to reduce risk of pathogen aerosols escaping.
Windows must be sealed. Air from must be filtered before it can be recirculated.
Biosafety Level 4
The highest level for biosafety precautions. Scientist work with highly dangerous diseases that have no vaccine or cure.
All material must be decontaminated.
Personnel must wear a positive pressure suit for protection. On leaving the lab this must pass through decontamination shower before they have a personal shower.
Entry is severely restricted to trained and authorised personnel. All entries are recorded.
Entrance must be via airlocks.
UAE currency: the story behind the money in your pockets
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On sale: now