HLB HAMT is an experienced Feasibility Study Consultants For Start-Ups in Dubai, UAE that will assist businesses of all size, including startups, by making business plans and conducting feasibility studies.
The management and accounting staff often do not have the time or expertise to prepare accurate financial statements and audit file or answer all the questions that arise during the audit by statutory auditors. Many times, this results in inefficient audit, and a less than satisfying experience for everyone involved in this process.
HLB HAMT has an experienced team of professionals, who have exposure in different industry segments, deep knowledge in IFRS Framework and familiarity with international standards on auditing and quality assurance.
HLB HAMT has experience in handling several Donor audits and provide the necessary assurance to the Donor and provide recommendations to the project managers for efficient utilization.
Data analysts and data scientists are becoming commonplace in most businesses nowadays and employing them on a full-time basis creates a severe financial burden to the management; this is where HLB HAMT and their data analysis professionals step in.
Dubai is a city-state and one of the seven emirates in the United Arab Emirates. Over the last couple of decades, Dubai has emerged as a cosmopolitan city and leading destination in the MENA region in international trade, tourism and Innovation.
Dubai is nowadays always compared to megacities like Hongkong and Singapore and has become home to 200+ nationalities. The Dubai government and its policies are always unique and transparent and considered a business-friendly welcome approach to its residents and business community.
Strong business processes are crucial for organizations to run their business effectively. Having good processes help organizations reduce their dependency on individuals. Good processes also help companies to scale up their operations and to be equipped to take on emerging market opportunities.
HLB HAMT has been helping many companies across industries adopt digital transformations in the last few years. The most popular and adoptive among the digital transformation processes are Robotic Process Automation (RPA). The software or “bots” emulate human actions, capture data, and manipulate applications to effectively execute a business process.
A probationary period is meant to allow the company to evaluate the new hire and make a decision on whether to keep the working relationship continue or end it.
The management and accounting staff often do not have the time or expertise to prepare accurate financial statements and audit file or answer all the questions that arise during the audit by statutory auditors. Many times, this results in inefficient audit, and a less than satisfying experience for everyone involved in this process.
HLB HAMT has an experienced team of professionals, who have exposure in different industry segments, deep knowledge in IFRS Framework and familiarity with international standards on auditing and quality assurance.
HLB HAMT has experience in handling several Donor audits and provide the necessary assurance to the Donor and provide recommendations to the project managers for efficient utilization.
Data analysts and data scientists are becoming commonplace in most businesses nowadays and employing them on a full-time basis creates a severe financial burden to the management; this is where HLB HAMT and their data analysis professionals step in.
Dubai is a city-state and one of the seven emirates in the United Arab Emirates. Over the last couple of decades, Dubai has emerged as a cosmopolitan city and leading destination in the MENA region in international trade, tourism and Innovation.
Dubai is nowadays always compared to megacities like Hongkong and Singapore and has become home to 200+ nationalities. The Dubai government and its policies are always unique and transparent and considered a business-friendly welcome approach to its residents and business community.
Strong business processes are crucial for organizations to run their business effectively. Having good processes help organizations reduce their dependency on individuals. Good processes also help companies to scale up their operations and to be equipped to take on emerging market opportunities.
HLB HAMT has been helping many companies across industries adopt digital transformations in the last few years. The most popular and adoptive among the digital transformation processes are Robotic Process Automation (RPA). The software or “bots” emulate human actions, capture data, and manipulate applications to effectively execute a business process.
A probationary period is meant to allow the company to evaluate the new hire and make a decision on whether to keep the working relationship continue or end it.
HLB HAMT is a leading ICV certificate provider in UAE accredited by the relevant authorities as one of the certifying bodies. For ICV Certification In Dubai, Contact us.
HLB HAMT have a team of Registered auditor in Abu Dhabi, UAE. Considered as a most trusted international auditor in Abu Dhabi for over a decade. Contact to our Audit firm in Abu Dhabi for Best Services.
Our Audit and Assurance Practices adhere to the International Standards on Quality Control, Auditing, Review issued by the International Federation of Accountants
HLB HAMT is among the certified Auditors in Dubai UAE provides professional audit services in UAE with 29 years of experience. As a reputed audit firm, our service is recognized in middle east.
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HLB HAMT is one of the top data entry and transaction processing companies in Dubai. We serve payers and providers in different sectors at reasonable rates all over UAE.
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In search of Accounting Services in Dubai from the best accounting firm in UAE? Certified professional chartered Accountants providing Bookkeeping and Accounting services in Dubai.
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Encouraging both parties to conduct due diligence services for mergers and acquisitions in Dubai, UAE on the other company with the assistance of a professional competent firm like HLB HAMT.
We are the best due diligence companies in Dubai. We assist all types of due diligence services. Commercial, Financial and Accounting Due diligence in Dubai UAE
Transaction Advisory Services in UAE.pptxAdarsh748147
Our transaction advisory team at HLB HAMT provide you the assurance of a smooth and seamless transaction experience including Due Diligence, Valuation and other related services.
The United Arab Emirates’ Central Bank or simply CBUAE was founded in 1980, with Dubai and Abu Dhabi both contributing half of their earnings in the organization.
The document provides information about obtaining a regulated license in the Dubai International Finance Centre (DIFC). It discusses the types of licenses available, including commercial licenses for fintech companies and an innovation testing license. It also outlines the regulatory bodies that oversee DIFC operations and the process for applying for and obtaining a regulated license, which involves submitting documentation for review and receiving approvals.
Anti-Money Laundering (AML) in UAE.pptxAdarsh748147
Using the services of HLB HAMT can provide a protective shield against money laundering challenges for firms in the DIFC and related financial institutions in UAE.
HLB HAMT is a leading ICV certificate provider in UAE accredited by the relevant authorities as one of the certifying bodies. For ICV Certification In Dubai, Contact us.
HLB HAMT have a team of Registered auditor in Abu Dhabi, UAE. Considered as a most trusted international auditor in Abu Dhabi for over a decade. Contact to our Audit firm in Abu Dhabi for Best Services.
Our Audit and Assurance Practices adhere to the International Standards on Quality Control, Auditing, Review issued by the International Federation of Accountants
HLB HAMT is among the certified Auditors in Dubai UAE provides professional audit services in UAE with 29 years of experience. As a reputed audit firm, our service is recognized in middle east.
Data Entry and Transaction Processing.pptxAdarsh748147
HLB HAMT is one of the top data entry and transaction processing companies in Dubai. We serve payers and providers in different sectors at reasonable rates all over UAE.
HLB HAMT offers the best of Accounts payable outsourcing services around UAE that offer completely flexible and innovative accounts payable solutions. Contact Us to know more
In search of Accounting Services in Dubai from the best accounting firm in UAE? Certified professional chartered Accountants providing Bookkeeping and Accounting services in Dubai.
Due Diligence Services for Mergers & Acquisitions in Dubai, UAE.pptxAdarsh748147
Encouraging both parties to conduct due diligence services for mergers and acquisitions in Dubai, UAE on the other company with the assistance of a professional competent firm like HLB HAMT.
We are the best due diligence companies in Dubai. We assist all types of due diligence services. Commercial, Financial and Accounting Due diligence in Dubai UAE
Transaction Advisory Services in UAE.pptxAdarsh748147
Our transaction advisory team at HLB HAMT provide you the assurance of a smooth and seamless transaction experience including Due Diligence, Valuation and other related services.
The United Arab Emirates’ Central Bank or simply CBUAE was founded in 1980, with Dubai and Abu Dhabi both contributing half of their earnings in the organization.
The document provides information about obtaining a regulated license in the Dubai International Finance Centre (DIFC). It discusses the types of licenses available, including commercial licenses for fintech companies and an innovation testing license. It also outlines the regulatory bodies that oversee DIFC operations and the process for applying for and obtaining a regulated license, which involves submitting documentation for review and receiving approvals.
Anti-Money Laundering (AML) in UAE.pptxAdarsh748147
Using the services of HLB HAMT can provide a protective shield against money laundering challenges for firms in the DIFC and related financial institutions in UAE.
2. Research has shown that there are two main reasons behind the downfall of
new business ventures. The first is that they fail to offer a product or service
the market wants at the right time and second, that the business simply ran
out of the cash it needed for business continuity either because its
product/service did not have the expected success, or it had overlooked
certain key assumptions relating to market demand and operating costs. This
is where feasibility study steps in. HLB HAMT is an experienced
organizational consultant in UAE that will assist businesses of all size,
including startups, by making business plans and conducting feasibility
studies.
3. If you have a great idea to start a new business or intend to develop an idea
within an existing business, thorough research is essential. You need to find
out if:
There is a market for your idea.
Your idea is financially viable.
Any new business starts with an idea because of certain circumstances or
need.
4. • Let us look at the examples of Airbnb and Uber, two startups that commenced
operations almost at the same time. They both started at the right time, i.e., during the
2008 recession, the circumstances demanded it, because people who lost their jobs due to
recession needed to survive through making extra cash, where Airbnb allowed
homeowners to let out a room for travellers while Uber allowed anyone with a car to
become a cab driver. Regardless of the origin of the idea, it is necessary to conduct
certain market research to ensure the success of the business and the achievement of
profits; this means preparing a feasibility study for the project. The decision to conduct a
feasibility study should not be taken lightly as it is a time-consuming process. However,
not doing a feasibility study can be more expensive in terms of the poor decisions made
resulting in failure of the business altogether.
5. • A feasibility Study is largely number driven and ultimately tests the
viability of an idea or a new business opportunity, which proves to be really
beneficial for start-ups not just in Dubai, but across the globe. By assessing
the market for your concept, market competition, estimating financial
viability and identifying potential pitfalls, you can make an informed
choice about the achievability of your entrepreneurial endeavour.
6. • To effectively conceptualize the business plan, the entrepreneur must have
some initial and promising knowledge before beginning a detailed
feasibility report. This is a pre-feasibility stage that can be achieved by
brainstorming sessions with friends and family members in a confidential
circle. If this is complete, you can move on to the feasibility study once the
concept seems to receive a good response.
7.
8. The elements to include in a feasibility study vary according to the type of
business venture and the kind of market opportunities identified. But the steps
listed below are main phase of any feasibility study process:
1. Market Feasibility:- The first step in the feasibility study is to study the
factors affecting supply and demand. The market feasibility study is an
important step to complete the next phase. It is necessary to identify the
market in which the product will be sold and check whether market is
controlled by intense competition. Understand whether the product/service
add value for an existing product/service or is it produced for the first time in
the market.
9. It is also necessary to identify the consumer for the product/service offered and
the income group, target consumer age group, gender, and other consumer
characteristics so that the demand for the product/service can be accurately
estimated.
2. Technical Feasibility:- In this phase generally a group of engineers or
technical experts study the project’s technical aspects. They assess the
technology, machinery and technical equipment required to go forward with the
business and fully meet the estimated market demands. An important element in
the technical feasibility study is to determine the production capacity to meet the
estimated demand i.e., estimation of raw material and labor requirements.
10. The number of employees varies from one business to another depending on the
nature of the business. Based on this analysis a decision on whether the technical
resources are available to convert the idea into reality shall be arrived.
3. Financial/Economic Feasibility:- The final phase of the feasibility study is to
prepare cash inflow and outflow forecasts based on all the evaluated market and
technical details. The financial forecasts will assess the cost of the project, sales
& profits, return on investment, investment payback period, etc. Financial
viability is a key factor for investors to participate in a new business venture, so
invested capital must demonstrate the potential to produce an economic return
for investors at least equivalent to that available from other equally risky
investments.
11. The precision and reliability of the study of financial feasibility depends on
the accuracy of the data used. As the business idea evolves and passes
through pre-feasibility, market feasibility and technical feasibility stages
accuracy of information being used in financial feasibility stage will be much
reliable than during idea inception stage. Calculations of financial feasibility
need to be performed with utmost caution and the complexity of assumptions
depends on the number of different variables to be considered relating to
revenue, operating & capital costs, structure of financing, etc.
12. • Once the financial projections are accurately estimated, it also makes it
easier to conduct sensitivity analysis on key parameters, which makes it
possible for investors to envision different scenarios and possibly mitigate
risk associated with these parameters.
13. CONCLUSION
• The decision to go/no-go is one of the most important in a new business
concept. Once you have decided to pursue a business idea, then a feasibility
study will be a major information source in making this decision. The
findings of the feasibility study should outline the several different
scenarios which will allow you to carefully analyze the financial results and
challenge the underlying assumptions so that you are convinced about the
business concept. This is the reason why a properly developed feasibility
study is critical in business decision making.
14. HLB HAMT is a feasibility study consultant for start-ups in Dubai that
conducts studies that focuses on assessing the potential of a business idea,
risks and benefits associated with it and numerous other critical
components.
15. CONTACT US
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates. Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com
www.hlbhamt.com