Tag: business

When you’re a business owner, decision making can be even more stressful than usual. If you want to be a superior leader, decision making is an essential skill. Knowing how to make timely, well-thought-out decisions can earn you and your team legitimate success. It doesn’t matter what type of decision you’re making, whether it’s who to hire as an addition to your team, or which financial strategy to adopt, the ability to make the right decision utilizing all the available information is crucial. There are tried and trusted techniques that you can use as you approach decision making, which will help you avoid making bad choices and give you confidence in your judgment.

Establishing an Objective

From the outset, you need to establish the right environment for making a decision. For this to happen, you and your team must understand the issue at hand and agree on an objective. This will ensure that the appropriate concerns are being discussed and that the process will continue to move forward. You must initiate interpersonal considerations from the get-go. Don’t forget to keep the stakeholders keyed-in to what’s going on, and facilitate an honest and open discussion between all involved.

Generate Alternative Solutions

Another vital aspect of a sound decision process is to generate numerous realistic alternative solutions for consideration. Attempting to implement the first solution you come up with, is almost certain to preclude much better options. Take your time to brainstorm with your team and think up a number of ideas.

Weigh the Alternatives

Now that you have a list of alternative solutions; it’s important to consider each one carefully and assess the pros and cons of each possible outcome. This is usually the most time-consuming stage of the decision-making process. Three of the most important factors to consider are risk assessment, consequences of your decision, and the feasibility of implementing the decision.

Making the Decision

Here comes the part that is the most exciting and also the most stressful. At this point, you must be able to deal with these emotions objectively. Don’t rush to make a decision, even though you may have a deadline. Taking time to consider what will make your decision the right one, will increase your accuracy.

Assess your Decisions

When you are making your assessment, don’t forget that not every aspect of the decision process is objective. It should also make sense to you on instinctive and intuitive levels. If you assess your decision from all of these perspectives, you will be able to validate it more readily.

Implementing your Decision

You have now reached the final stage. Don’t try to force other’s acceptance. Communicate your choice clearly, and explain your reasons behind it. This is the best way to garner the support of your team.

Can you Be Decisive?

1. Before making a decision, do you evaluate all the potential risks?
2. Do you consider a variety of potential options before deciding?
3. Do you take the time needed to make a decision?
4. Do you often have doubts about your decisions?
5. Have some of your decisions been more difficult to implement than you anticipated?

If you answered no to the first three questions and yes to questions 4 and 5, you need to reassess your decision-making techniques in order to avoid making a bad decision and to boost yours’ and your team’s confidence in your decision-making skills.

Think about developing a structured plan to help you implement your decision. Individuals respond to a clear plan with a positive attitude. Once your team knows exactly what to expect and what they need to do, they will understand and respect your decisions. Think ahead and take the time to figure out exactly what would make your choice the right one.

Decision-Making Mistakes

There several common mistakes people make when faced with making decisions. One of the biggest is that people either rush into making a decision without thinking it through carefully, or they procrastinate for so long, they lose sight of the objective. Another mistake is a failure to trust your gut instincts when trying to make a decision. When you tune into your intuition, you can make much better decisions in the long-run. Another pitfall to avoid is trying to make a decision without having enough information. If you’re faced with a big decision, and you’re feeling uncertain about what to do, it may benefit you to consult an expert for advice. Getting another party’s opinion can help you keep things in perspective.

There are many different tools and techniques you can use when faced with making a decision. Choose one that feels right for you and be prepared to be flexible and modify your decision-making techniques.

Dubai is part of the United Arab Emirates. It is situated on the Persian Gulf coast and is bordered by Oman in the southeast, Abu Dhabi in the south, and Sharjah in the northeast. Often called “The City of Gold,” Dubai is known for its luxury shopping, opulent skyscrapers, and offshore artificial islands.

Expanding your Business to Dubai

New businesses are welcomed in Dubai. Newly established companies are very attractive to investors because of the city’s economic stability in the global market. Current economic trends offer a wealth of opportunities for foreign investors to make the most of imports and exports and increasing tourist traffic in the area, which means you will have plenty of new and recurring customers passing through.

It’s important to be informed of all the necessary details needed for business start-ups in Dubai, that way you can avoid any issues or complications. If you’re setting up a physical location in Dubai, one thing you will need to do is to connect with a local sponsor. This person must be a UAE national and must be your partner with a 51 percent share in your business. You must pay your sponsor an annual fee which you will negotiate at the outset.

If you prefer to own your own business completely, then you will have to locate your business in one of Dubai’s free zones. While this is a viable solution for some types of business, it won’t work if your company needs to be directly a part of the city markets, for example, in the event you own a retail store or restaurant.

Selecting the most suitable location for your business is as important in Dubai as anywhere else. The most crucial thing to remember is that even if you set up a profitable company in the heart of the business district, it still isn’t going to work well for you if your customers are unable to reach you.

The Easy Way to Extend Your Business to Dubai

If this is all starting to sound a little complicated, fear not, there is a way that you can enter the Dubai marketplace without even having to have a physical presence in the country, simply by using a virtual phone number. Here’s an example of how your company can reap the benefits of virtual phone numbers in Dubai with a company such as Global Call Forwarding.

Let’s say you have a small business in the U.S. and you would like to develop a client base in Dubai. All you need to do is sign up with the service provider, and they will assign you one or more local or toll-free numbers in Dubai. You then pass these numbers on to your clients in that region. When they wish to call you, they dial the local number, and Global Call Forwarding redirects the calls to the number of your choice; this can be your landline, office number, cell phone, or customer service call center.

Having a Dubai virtual phone number is great for boosting customer confidence in your business. Market research studies have shown that customers are much more likely to call a local number for assistance because they prefer to do business with companies in their vicinity. With a Dubai virtual phone number, you can establish a presence in the United Arab Emirates without having to travel there. Additionally, your customers don’t have to pay for expensive international calls, nor do they have to deal will confusing international dialing codes.

If you’re considering opening a business in Dubai, virtual numbers present a way to do so that is efficient and cost-effective. You don’t have to pay for a dedicated phone line, additional phone equipment or expensive software; you simply use the resources you already have. It’s an affordable way for your colleagues and clients in Dubai to reach you. Not only that, even if you have a small business which you run from your home office, it gives your company international status.

Other Advantages of Dubai Toll-free Numbers

• Boosting your brand: International toll-free numbers increase the reach and reputation of your brand by giving you access to untapped international markets.
• Increasing your response rate: Studied show that adding toll-free numbers to your advertising campaigns increase your response rate by a significant percentage.
• Tracking your marketing campaigns: Because there’s no limit to the number of virtual phone numbers you can use, you can add a different one to each of your websites, newsletters, TV ads, and ads in local papers. It makes it a cinch to see which of your marketing strategies are the most effective and which ones you need to improve.
• Keeping your personal and business calls separate: There’s no need to put your cell phone number on your website, business cards, or ads, and no need to get an additional phone. You can use the same phone for personal and business calls while keeping them both separate.

Other Features of Virtual International Numbers

When you sign up with a company such as Global Call Forwarding, you also have the benefit of a suite of additional features.

• Black and whitelisting: You’ll never have to answer unwanted calls, and you won’t miss a call from an important client.
• Failover forwarding: This feature enables you to program your account with several different phone numbers so that if the first number is busy or does not answer, the system will automatically redirect the call to the next number in the queue, ensuring that calls are not dropped.
• Fax to email: You will be able to send and receive faxes via your virtual number. Each fax is received as an email attachment, and you can read it or print it with ease.

If you’re considering opening a business in Dubai, it pays to use international virtual call forwarding. Your business will increase, you will gain more customers, and your employees will be able to work from wherever they are, even when they are not in the office.