How to give and get support for small businesses in Dubai
As Dubai reopens, businesses are scrambling to make up for two months’ worth of economic slowdown during the Covid-19 lockdown. Yet, for small and home-grown businesses, and for many expats who depend on them to live in the UAE, this phase can be what decides if their business will continue or close down, especially in a competitive shopping hub that happens to be the fourth biggest luxury shopping destination in the world.
Welcome back to That Expat Life, a bi-weekly newsletter that highlights the latest news, trends and conversations that touch the lives of expats in the Gulf. If you like what you’re reading, make sure to subscribe using the button above. Would love to hear your feedback, along with what you want to read about in the next newsletter using #ThatExpatLife in the comments below.
In a survey conducted by Dubai Chamber in April, 70% of businesses across a range of industries in the emirate expected they would close within the next six months, three-quarters of them were small enterprises that have less than 20 employees.
While Dubai, Abu Dhabi and the UAE Central Bank have announced economic stimulus packages that can help SMEs, the questions we are left with are: What can residents do to support small businesses? And, taking one step back, what and where are they?
Local businesses: The list
David Hammond, a Dubai-based entrepreneur and business owner, along with a friend rolled their sleeves and worked on answering that second question. The result was an independent online directory called Support Local DXB, a website that lists, free of charge, more than a 100 UAE-founded businesses in categories like food, fashion, health and fitness.
I spoke with David who told me that the directory was built in 48 hours and then the team “started to promote it via Instagram and the feedback has been amazing. Support Local is about giving some awareness to these companies and start building a strong community. As when this is all over, they will need our support more than ever, as owners just need to focus on what they do best: innovate, creating jobs, and getting the local economy back up and running,” he said.
“Dubai has a reputation at times for the glitz and the glam. However, when you have a look there are so many small homegrown businesses that most people do not realize.” – David Hammond
David is a business owner himself and, to him, the priority of his business post-pandemic will be to innovate creative ways to keep the cashflow coming.
“The good thing being a local and smaller company you can be nimble and more flexible, listen to the market and then use your strengths to fulfill what the market or consumer wants by keeping your ear to the ground,” he said.
How can local businesses get listed on the platform?
Provide your logo, a 120-character description of your business, location, and your website details to the email on the website. Your business will be added in 48 hours after passing a reviewing process.
Supporting local restaurants
The tension between food and beverages outlets and delivery apps has been brewing for a while, restaurants have been demanding lowering commission fees by food aggregators, those fees can go up to 35% of an order. It was a difficult model to work with in a time when restaurants had zero traffic during lockdown. For smaller and local restaurants and food outlet, the high commission fees proved more trying to handle.
Dubai food blogger Food Sheikh and online ordering platform ChatFood teamed up and created DeliverDXB, an ordering platform that lists and allows you to order directly from local restaurants for food take away and delivery. This eliminates fees on these local restaurants which increases their profits.
How can local businesses get listed on the platform?
Through this link on the website’s homepage, you can add the info for your restaurant to be added.
Shopping local from your supermarket
You can always opt for the locally sourced option when grocery shopping. To offer more opportunities for local producers to get there, locally-owned supermarket Spinneys has been offering small F&B producers a chance to have their products sold at its stores around the UAE for a year, as part of its incubator program to help mitigate the Covid-19 economic drop for small businesses.
Brands that get selected need to be owned by a UAE resident or local and manufacture products within the country. They will also receive monthly coaching sessions and marketing support from Spinneys.
How can local businesses register?
Criteria and full process can be found here.
If you’re a business owner in Dubai, how is your business doing right now? How are you supporting locally based businesses? Know of any initiative or other ways to support? Share them in the comments below along with what you’d like to read about in the next installment of #ThatExpatLife.
Edit - June 9: Check out the comments section for more initiatives shared by members that can help your local business in Dubai.
--
4 年Its a very good article and initiatives for SMES, "help each other and grow together". Also would like to know about the direct selling or network marketing in UAE which based on Consumer Empowerment.
Cloud ERP | POS Applications | Retail | SMBs | Business Solutions| Payment Terminals | Van Sales|
4 年Great initiative! We at Checkout Point launched 'Checkout Progress Cloud ERP -Free Subscription' Campaign for SMBs like F&Bs and Retails stores. They can use the Cloud ERP free of Cost for the whole year. No hidden charges and absolutely no catch! This is our way of supporting SMBs across the UAE to survive this crisis. Learn more details here: https://checkout-point.com/free-cloud-erp/
The purchasing power of the majority of expats has gone down tremendously due to large salary cuts in all sectors. These initiatives are helpful but will not solve the problem.
Transforming Businesses Globally with Simplified Strategies and Tailored Solutions | CEO & Founder of TAXology, Pixelweave, and We Are JMD
4 年Versology offer free consulting on ‘Freebie Tuesday’s’ and will continue to do so long after the pandemic has ended. We have always supported small business and this is no different. We have vast experience and believe that if we can make a small difference to just one business then we have achieved success. If you would like to take your business online or set up an online store I extend my assistance to you. You have to be a small business to qualify.
Business Development Manager, Regional Manager Sinfosy ME , ERP Consultant, odoo Certified, eLearning Expert
4 年To support SME's FRAXNET Information Technology Consulting is providing free consultation on how to utilize open source technology to manage and boost business operations. how to work from home and manage your remote staff, how to expand leads generating, manage them and maximize conversion with free CRM and eMarketing apps. How to start selling and marketing your products a online. We also provide free Accounting system for startups in addition to customized very low cost training on business technology. https://bit.ly/2U7iCSa