BMO6622 Saudi Arabian Businessperson

Can you describe the most enjoyable and ideal way of working and why you feel that way about it

Could you please describe how ideally you’d like your business to develop over the next 5 years

 What are your short and long term business plans
Can you describe where your business idea came from
Can you describe how you transformed the business idea from idea to reality

 

Conflict and Challenges

What has been the most difficult situation/s you have had to deal with in your business
How do handle this situation and, given the opportunity, would you do anything differently in your business

Decision Making

Tell me of a difficult decision you have had to make quickly in relation to your business.
In hindsight, was it the right decision How are decisions made in your business

Accountability / Results

Can you tell me how you measure the results of your business
How did you fund your business start up
How much time elapsed from start up before your business was successful in your terms
Did /Do you access business or government grants or supports to help your business If yes Please describe them.
People

Who are your business partners If any 
What is the number of employees you have and what are their roles
What are the most important workforce issues and your major challenge

Business Approach
Why did you select this business
What is it about you particularly enjoy
How does your business solve a problem or answer a particular need (social, community, and business, environmental

Qualities

Can you describe your strengths in terms of character and professionalism
Skills
What skills in you or your team have made this business work
Please give me an example of  the most important skills of an entrepreneur in your business sector

Family and Support

What siblings do you have and where do you fit in birth order
How did your family of origin influence why you went into business and the way you run your business
In what ways does your family currently support or contribute to your business operations
What other supports have helped you

Marketing

Can you give examples of how you market your idea
What is your niche market
Who or what are your main competitors
What has been your most successful marketing tool or approach

Goods and Services
can you describe your unique business offering
What has been the most lucrative aspect of your business
What aspect has the most potential for development
What major changes have you made to your offerings since start up to now
What major changes to your business process have you made that have helped your business
Do you operate in international markets, if so where

What economic conditions affect your business

Motivation

What motivates you most to keep going in your business
What personality characteristics help you
What social and network skills help you
How do you deal with disappointment and failure
What advice do you have for others entering your business
Do you share this advice currently eg business mentoring/teaching or seminar
Anything else

Mahmud is a Saudi Arabian businessperson who deals with solar panels. His enterprise goes by the name Saudi Solar Vibes. The name was as an inspiration based on the positive effects the sun in our day to day lives. Mahmud settled for the solar power business because of the fast growing use of solar energy within the country. Additionally, solar panels do not emit any hazardous fumes thus promoting a safe surrounding for human and animal life.

After developing the business idea, Mahmud conducted an evaluation. The aim of doing the assessment was to determine the likelihood of his business to grow. Talking to his target customers played a significant role in the making the idea a reality. From the responses received from his potential clients, Mahmud was able to do a few analysis and made necessary changes to his enterprise project. With the few adjustments and the chosen product, Mahmud later opened a shop and started growing the solar business.

To start up his business, Mahmud applied for bank loans which he topped up with his savings. Additionally, he received contributions from friends and family. Mahmud got his product to the market by controlling his current clients, talking to more customers and through social media advertisements. 

Mahmud’s short-term goal after initiating his enterprise was to bring in a revenue of about 8% by the end of three months. On the other hand, his Long-term goal was to raise the profit margin to 10% by the end of the year. The business took around one year for it to be stable and bring in enough revenue. His family and friends played a significant role in the development of his business.

 

 

For Mahmud’s solar business to grow he exercised very crucial entrepreneurial skills like self-discipline, focus, accountability, and self-respect. His ability to manage people enabled him to run the organisation efficiently. The enterprise’s vision of bringing in more revenue at the end of the fiscal year was a motivating factor that got Mahmud, and his employees focused all the time.

Despite the progress at Saudi Solar Vibes, Mahmud’s business was not inevitable of challenges. The firm experienced a problem of market penetration. To manage this challenge he had to expand his customer range. He also promoted his solar panels through other advertising channels like video blogs and Facebook.

Mahmud embraces business failure by learning from the mistakes. According to him shortcomings encountered in businesses provide an avenue for making adjustments in the industry to prevent future problems. Resilience, self-respect, reliability, and accountability played a significant role in helping Mahmud cope with his employees, other businesspersons, and clients.

Optimizing the e-mail, and boosting his social media content enables Mahmud to be efficient in his day to day business activities. Mahmud’s enterprise has managed to grow immensely and has new shops within the country, and he is looking forward to expanding the business to the neighboring countries. But he still needs to broaden his customer range.