The United Arab Emirates has been making an untiring effort to make support, as well as promote small to medium-sized businesses as it is believed that these businesses a lot bring a lot of innovation and employment in the region. In a recent survey named ‘Entrepreneurship in the Middle East and North Africa 2017’, has reflected on the population of the region who prefer to be self-employed and start a business and those who would rather seek employment in a company. 55% of the people residing in the UAE prefer to have a business enterprise of their own and be self-employed if they are given a choice to choose. In point of reality, even among the individuals who are currently employed in a company, 78% out of them stated that they are either thinking of starting a business or have attempted to do so in the near past.
When the respondents of the survey were asked the reasons for opting to be self-employed, 49%, which makes approximately half of them out of the population prefer self-employment for self-fulfillment, some stated that self-employment gives them the freedom to have a choice in what they want to work on and about 42% believe that self-employment gives them a freedom to balance between work and life easily. As well as those individuals who have already started a business of their own stated the same reasons. Other than that, the survey showed an even greater influence of entrepreneurship on economies and societies. Entrepreneurs hold an extremely positive image in the UAE, as they are believed to create jobs, bring innovation in society and others continue to say that entrepreneurs even bring new products and services for the betterment of the region.
For the expertise and skills needed to start and run a business of your own, working and learning under a company in the past helps to a lot of extents. An organization is believed to be a career ladder for the employees who means to start a business at one time or another in their life. No matter the number of skills an individual possesses, working under an organization can help them polish their skills and discover and unleash their hidden talents. The day to day operations in an organization proves to be a learning experience, open their eyes to new possibilities and up-skill their talents. This, in turn, strengthens the base of a future employee and helps them in determining a successful route to incorporate their own business one day at a global or international level. So, the first step to starting your own business is employment under a company.