Management
How to Find and Negotiate with Business Partners
Stage 1: Personal Alignment and Initial Introduction “If you want to go fast, go alone. If you want to go far, go together.” This proverb perfectly captures the value of a good business partner for any entrepreneur. When you team up with a reliable co-owner, you combine your experience, talents, and resources, share responsibilities, and […]
Management
How to Eliminate the Human Factor and Improve Business Quality through Processes and IT Solutions
Every entrepreneur aims to deliver high-quality products and services that match advertising promises and meet customer expectations. Yet in practice, a gap often emerges between what was promised and what the consumer actually receives. Customers may encounter product flaws, delivery delays, or mismatched specifications—leading to disappointment. In the era of instant reviews and fierce competition, […
Management
The Team as an Entrepreneur’s Main Resource
In the business world, a well-functioning team often determines the success or failure of a project. Even the most brilliant idea requires a cohesive group to bring it to life. Statistics are clear: according to an analysis of startup failures, 23% of them can be traced back to having the wrong or insufficiently formed team […]
Management
When People Leave Your Project for Trivial Reasons, You Might Be on the Right Track
Every project manager or team leader has faced that awkward moment: a team member announces their departure, seemingly over the tiniest detail. At first, panic sets in—“What’s wrong with our project? Did we make a mistake?” But here’s a counterintuitive thought: sometimes, when people exit a project for dubious reasons, it’s not a problem but […]
Management
Comprehensive RZS: Risk, Knowledge, and Complexity Management for Entrepreneurs
In today’s business environment, entrepreneurs operate amid high uncertainty and complexity—especially across fast-evolving markets like those in the MENA (Middle East and North Africa) region. Achieving success demands not only calculated decision-making under risk, but also effective organizational knowledge management and the ability to handle increasing complexity in business systems.
Management
Statistics as an Entrepreneur’s Business Compass: How Data Minimizes Risks and Paves the Way for Success
In today’s world of abundant information, running a business “by feel” becomes increasingly risky. Making decisions without grounding them in data is like trying to hit a target while blindfolded. For entrepreneurs, statistics and data are not just a box to check—they act as a reliable compass that points the way forward. In this article, […]
Management
Knowledge Management: A Practical Guide for Entrepreneurs
Knowledge Management (KM) is a systematic approach to creating, organizing, sharing, and applying knowledge within a company. It treats the expertise of employees and the organization’s collective experience as a valuable asset that must be actively managed. According to the International Data Corporation (IDC), Fortune 500 companies lose around \$31 billion every year due to […]