EBMC Magazine complete _1_

Editors NoteIt is with great pleasure that EBMC announces its first magazine. The aim of themagazine is to provide tools to the readers to create a success story for themselves andshare it with the corporate world.Dubai best represents a global scenario where people of different faith, and nationalitycomes together bonded by commercial relationship. To create a success story in eachcompany that is what is the need of the day, to unite in common goals, learn, share fightthe economic challenge and survive.This magazine we share articles and information which may in a small way benefit you.We also encourage sharing their success and failures. Many of the old companies whohave survived the market conditions during recession have emerged stronger; some hadfailed but have revived. It is spirit of fight and deep passion that helps us to rise again andagain. When we share our experience, it may help many others to learn and createstrategies. Because learning is a continuous process, experience is an enriching process.So in course of time let this magazine be more enriching with the experiences of successthat you share.Best Regards,Motivations:This new year 2015 there are many expectations , Aspirations & goals of the year2015, Shall we keep all these in our mind, Surely not , lets get started. To give ourdreams a shape lets write it down. I have quoted a beautiful paragraph from theletter of my Coach, describing how you do it,

I\"To obtain a preview of your expectations, Aspirations & goals simply make a list of thegoals and outcomes you want to achieve,\" \"Then visualize them daily with desire, beliefand expectancy. Work at the inner levels of mind to get guidance and insight, and in thephysical world to create and act upon opportunities to bring about the desired goals.\"\"It has been estimated that most people will achieve 90% of the goals that they work onpersistently. The problem is 90% of the population does not set goals. Their future isunpredictable and often not to their liking. It is not enough to simply know your future, itis what you do to create your future that counts.\"\"Happy New Year!\"Jerry Seavey, MindBridge International NLP Training Institute8 Success Secrets1. An Entrepreneurial MindsetTo develop a mindset for success, you must realize that how you perceive yourbusiness and your life determines your reality. Business owners with anentrepreneurial mindset do not think like worker bees. They have severalcharacteristics that cause them to stand out in the crowd. Entrepreneurs are notborn. They are built through constant study and determination. Entrepreneurs arewilling to fail to eventually win. They understand that not every idea is a goodone. There will be times when you will be doing your best, but feel frustrated by alack of progress in your business. Every entrepreneur goes through these difficultperiods. I certainly have been there on more than one occasion. It is at times likethis that you need to focus on the positive and keep your optimism working. Thekey is to avoid negative thinking.2. Strict Fiscal DisciplineSuccessful businesspeople use budgets and realistic sales projections to runtheir businesses. They know by the 15th of the month how well their business didfinancially the month prior. They do not spend money on travel, events or tradeshows that are not budgeted. They do not hire staff without have the money orcontracts in place in advance. They also understand how to use a line of credit.

They use it carefully for short-term cash needs, and not long-term funding needssuch as marketing expenses.3. A Kitchen Cabinet of AdvisorsYou will need to develop relationships with people who are already entrepreneursor other businesspeople in a position to give great insight into what you need tobe a business success. It is very helpful to also include a potential client in yourback-channel conversations. Clients can provide valuable insight into budgetcycles and current pain points, and most importantly introduce you to otherpotential customers. Keep the company of smart people. Sometimes a phone callto an advisor can save a lot of heartburn and money.4. A Defined BrandYour brand is the personality of your product, company or service, but whatmakes the brand great? You must protect your brand with thenecessary trademarks, patents and/or copyrights for everything from your logo,colors and design of your packaging to the invention of a new product or process.Your brand enhances the performance, innovation, transparency of yourcompany and it has the power to project a sense of social responsibility outsidethe company.Successful entrepreneurs treat their brand as an investment, not a cost. A strongbrand must be relevant to customers, contemporary and appealing. Brands areamong the most important assets that a business can own, and strong brandscan ensure business continuity in times 0f difficulty.5. A Niche MarketSuccessful small businesses owners understand that only a limited number ofpeople will buy their product or service. They only pursue marketing effortstoward the exact people they are targeting as customers. Having a narrowlydefined group of customers is how they’ve built their business.6. Excellent Customer ServiceSuccessful entrepreneurs know excellent customer service will keep customerscoming back. In today’s customer-oriented business environment, “people skills”are critical for small business success. How you handle your customers candirectly affect your company’s performance. Strong businesses provide manualsand staff training on the skills needed to communicate professionalism, gainrespect and enhance customer relationships. They also use customerrelationship management (CRM) software to track the value of customers to thebusiness and to manage customer contacts.

7. Cash Position and Good Banking RelationshipOn a day-to-day basis, successful entrepreneurs understand what their cashposition is in terms of accounts receivable and accounts payable. They do notjust make deposits and withdrawals. They have a relationship with the managerand head teller at their bank. They also use two banks to make sure that theirpersonal and business assets are not located in the same bank.8.De-Stress for SuccessMost small business owners consider managing the ongoing success of their businessto be twice as stressful as maintaining a healthy relationship with a spouse orpartner, nearly three times as stressful as raising children and more than four timesas stressful as managing their own personal finances, according to the same Bank ofAmerica report mentioned earlier. The survey indicates that small business ownersroutinely forgo physical fitness and other personal priorities to keep up with businessdemands. Thirty-eight percent of small business owners maintain full or part-timejobs while running their own business.The stressors can be relentless. But if you're not happy, healthy and motivated, youcan't create a business model that provides a positive market experience. You also setthe tone for everyone who works with you. Nobody wants to do business with agrouchy, bitter and exhausted owner. Therefore, investing the time and effort toadequately take care of your physical and mental well-being will further increaseyour chances for long term success. Mental health is not just about going to the gymto let off steam. It's about achieving a state of mental calmness to see you though therelentless challenges - but that's another topic in itself!

Top 10 business LeadersDavid Williams at Forbes identifies 10of the best leaders around today: JeffBezos at Amazon, Anne Mulcahy atXerox, Brad Smith at Intuit, Starbuckschief Howard Schultz, Google’s LarryPage, Tim Cook at Apple, Indra Nooyiat Pepsi, Berkshire Hathaway’sWarren Buffett, Sir Richard Bransonat Virgin and finally media magnateRupert Murdoch.On lIne edition, Doing Business in Dubai.Emirates and Al Tamimi & Company collaborate to promote Dubaibusiness growthEmirates, one of the world’s leading airlines, has worked in conjunction with Al Tamimi &Company, the Middle East’s largest law firm, to produce an expert guide on ‘Doing Business inDubai’. The book, released at a buoyant time for the Dubai economy, is aimed at supporting long-term growth of the economy.As part of Al Tamimi’s wider ‘Doing Business in Dubai’ series, this edition acts as a concise guideto operating a business in Dubai, providing companies and individuals with the vital informationthey need when considering relocating operations in the Emirate, including business structuresand employment issues. The book aims to provide a greater understanding of both the businessand legal aspects of operating in Dubai, outlining business activities, employment law andinvestment considerations.Recent forecasts by the Department of Economic Development predict that Dubai’s economy willgrow by around 4.7% this year, increasing to over 5% in 2015. The potential of the market is likelyto attract foreign entities to consider relocation to Dubai to take advantage of the subsequent

benefits such as zero tax, 100% foreign ownership, a wealth of skilled workers, and centralgeographical locations for access to both East and Western markets.- See more at: http://www.tamimi.com/en/news/news-events/news/emirates-and-al-tamimi-company-collaborate-to-promote-dubai-business-growth.html#sthash.A7t0PZPg.dpuf