If you’re living in Dubai, a city known for its limitless opportunities, it’s likely that the idea of launching your own business has crossed your mind at least once. To help you take that first step, we spoke with successful business owners who’ve already ventured down this path. From nightlife venues to boutique bakeries, bridal shops to beauty salons, these entrepreneurs have built thriving businesses in Dubai. However, their journeys haven’t been without significant challenges, sacrifices, and countless hours of hard work.
Here’s the invaluable advice they have for aspiring business owners in Dubai.
Sacrifice and Discipline Are Key
“To achieve any meaningful success, you must be prepared to sacrifice,” says Farai Machingura, co-founder of House of Yanos. “This could mean sacrificing your time, money, friendships, or even relationships. It’s not an easy road, but it’s the only way to reach your goals.”
Farai draws parallels between entrepreneurs and athletes: both require an unwavering focus and commitment to their goals. “People often overlook the sacrifices made, like selling belongings to fund your venture or losing touch with friends because you’re entirely focused on your dream.”
In short, discipline is ineffective without sacrifice, and vice versa. The two go hand in hand on the journey to success.
Educate Yourself on Local Regulations
Many new business owners are intimidated by the regulatory landscape in Dubai, but it doesn’t have to be daunting. According to Chef Shaw Lash, owner of Lila Taqueria and Lila Molino, “Dubai Municipality (DM) is an invaluable resource for new business owners. They’re willing to help or direct you to someone who can.”
Instead of paying high fees to corporate service providers, Shaw recommends visiting the DEAD Café for answers to your questions and guidance on the business setup process. “Invest time in understanding the regulations. It can save you money and headaches down the line.”
Persevere Through Every Challenge
“Persevere,” says Katie, co-founder of Billionaire Cookies. “Persevere through the confusing licensing process, finding the right location, and building connections. Even when you’re tired or feel defeated, keep pushing forward.”
Katie compares perseverance to refueling a vehicle when you’re running on empty. “There were countless moments when I wanted to give up, but I learned that true perseverance means pushing through even when you’re on your knees.”
Secure the Right Visa for Your Needs
Pearl Yan, co-founder of La Gourmande, advises new entrepreneurs to explore their visa options early on. “Find out which UAE residence visa (investment visa, green visa, golden visa) suits your situation. Your company can sponsor your visa, even if it’s a sole proprietorship.”
Pearl also recommends consulting business setup advisory firms like Creative Zone to see if any promotional packages offer both a trade license and a residence visa.
Network Relentlessly and Stay Focused
Networking in Dubai is crucial. “It’s not just about what you know, but who you know,” says Hollie Briant, owner of You&I Bridal and co-founder of Dazed and Engaged. “Connections can open doors you never imagined.”
Hollie emphasizes the importance of being hands-on and having an emergency fund. “Dubai is an expensive city, and business has its ups and downs. Be prepared for seasonal fluctuations in foot traffic, especially during the hot summers.”
“Most importantly,” she adds, “stay focused on your goals and avoid distractions. If you’re considering starting your own business, just go for it!”
Stay Positive and Act on Your Ideas
“Everyone can become an entrepreneur, but staying one is the real challenge,” notes Florian Delarue, founder of Digital Lab and My Dogtel. “Beyond common advice, my key tips are to maintain a positive mindset and act on your ideas.”
Florian explains that a good entrepreneur knows how to handle unexpected problems. “Negativity will only harm your performance. Stay positive, think things through, but don’t let fear stop you from acting on a great idea.”
Embrace the Unexpected
“Every challenge is an opportunity for growth,” says Maher Tabchy, founder of Tab Chilli. “I wish I had known how much the unexpected obstacles would shape our success. Every setback was a learning opportunity, and those tough moments were actually the building blocks of what Tab Chilli is today.”
Maher encourages new entrepreneurs not to fear obstacles but to embrace them as they pave the way for future success.
Do Your Market Research and Choose the Right Location
Finally, for new business owners in Dubai, extensive market research and a prime location are crucial. “Combining beauty with fashion gives us a competitive edge, turning our brand into a lifestyle,” shares another Dubai entrepreneur.
Take the Leap
Starting a business in Dubai requires hard work, resilience, and a strategic approach. But with the right mindset and preparation, you can turn your entrepreneurial dreams into reality. So, if you have an idea, don’t let it stay in your head, act on it and take that first step today.
