How Reid Hoffman Encourages Entrepreneurships And Business Setups?

Reid Hoffman the co-founder of LinkedIn is of the view that bold and courageous entrepreneurship in the need of the time and current economic conditions can serve as the best platform for the startups and passionate youngsters who want to step in to entrepreneurship.

Below are the Hoffman’s top rules to be successful as an entrepreneurship.

Create disruption in the market: Hoffman is of the view that any business setup in Dubai should be able to make waves. It should have the X-factor that creates tremors in the industry. It should be different. He talks about Skype and how it broke norms and removes the expensive phone bills from our lives.

Aim big: It may be small start and the resources may not allow the startups to become a big hit in the initial stages but still the entrepreneurs must aim high and think big. Don’t get intimidated by the cowards around you and just keep going.

Make the network bigger: It may not be possible from the very start but slowly start growing the network which includes the investors, advisors, employees, stakeholders etc. the large the network the more waves you are able to create in the market.

Good or worse: They are two sides of a coin be prepared for any one. There might be some scenarios that were not expected but you should be able to switch to the plan B at the right time without getting dismantled.

Flexibility and persistence: Firstly the goal is to be persistent but on the other hand the quality of being flexible comes in handy. The ability to change according to the needs of the customers is the top rating category. The best part of any startup is to blend the flexibility and persistence.

Break the norms: You need to be fearless and need to take calculated risks for business setup in Dubai. Remember the rules and laws of entrepreneurship aren’t the universal laws. So you don’t need to heed all of them as thinking out of the box and being unorthodox may benefit you a lot more.

#businesssetupinDubai #SettingupabusinessinDubai #CompanyFormationinDubai #CompanysetupDubai