Despite the above, 90% of small businesses fail and die out in the first two/three years, because of the following facts:
1. Very high rents of shops and warehouses that are the real enemy of all small businesses. Barwa Real Estate Company is the main player of rental increase due to its monopolist mega position. Barwa should not be allowed to build more shops, if the country wants to have fair rents and promote businesses on long term basis.
2. Non availability of workers of your choices due to work NOC rule which is denied to vast majorities.
3. Virtually non availability of funding to small businesses that squeeze down the businesses.
4. Fierce competition and as a result very low profit margin.
5. Very small size of the market, a few new big business groups just enter, grab away the major chunk and leave others crying and dying.
6. Ineffective Chamber of Commerce which does not even record the data of failing and closing businesses with the reasons in order to know what is happening on the ground in reality.
7. No training, workshops and info. support to the expatriate businessmen who virtually are responsible to run the show.
8. No advice is sought by the expatriates which is why the govt. remains unaware of the ground facts of small players who are more than 90% of total private market.
9. No market credit control system available which is another major and rampant cause of cash flow problems in the market.
10. Given the strong fundamentals of country, the country's businesses can compete and grow in the region, only if the above facts are taken into account.
Despite the above, 90% of small businesses fail and die out in the first two/three years, because of the following facts:
1. Very high rents of shops and warehouses that are the real enemy of all small businesses. Barwa Real Estate Company is the main player of rental increase due to its monopolist mega position. Barwa should not be allowed to build more shops, if the country wants to have fair rents and promote businesses on long term basis.
2. Non availability of workers of your choices due to work NOC rule which is denied to vast majorities.
3. Virtually non availability of funding to small businesses that squeeze down the businesses.
4. Fierce competition and as a result very low profit margin.
5. Very small size of the market, a few new big business groups just enter, grab away the major chunk and leave others crying and dying.
6. Ineffective Chamber of Commerce which does not even record the data of failing and closing businesses with the reasons in order to know what is happening on the ground in reality.
7. No training, workshops and info. support to the expatriate businessmen who virtually are responsible to run the show.
8. No advice is sought by the expatriates which is why the govt. remains unaware of the ground facts of small players who are more than 90% of total private market.
9. No market credit control system available which is another major and rampant cause of cash flow problems in the market.
10. Given the strong fundamentals of country, the country's businesses can compete and grow in the region, only if the above facts are taken into account.