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startup

IN STRATEGIC PARTNERSHIP WITH TAMKEEN

JUNE 2013 004

Bahrain

WAFA OBAIDAT

THE STORY OF 26 YEAR OLD LADY ENTREPRENEUR


CONTENTS

Tap on a topic to go to it

Features

Bahrain

Entrepreneurship Conference

Wafa Obaidat, the story a 26 year old lady entrepreneur

Mix n’ Mentor Highlights @ltijara Payment Solution

‘Moving Customizable Comforts’ Winners of Injaz Competition

Advice

Resources

Get Branded ! Success, a sticky trap Co-opetition

Websites We Like Gadgets Debrief APPS Debrief

Worldwide Ikea, the game changer ‘Tim Ferriss’ 3 Rules for Success


Features

Entrepreneurship Conference KPMG in partnership with Tamkeen organized a one day conference on Entrepreneurship. The event was held at the Intercontinental Regency Hotel on Monday May 27th, 2013 Professor Filipe Santos, an associate professor of entrepreneurship at INSEAD and the conference’s keynote speaker, was an engaging guest with a lot of interesting things to say. Santos definitely hit the overriding target: he discussed how to model the development of sustainable business, and how to Page 1/2

intellectually equip entrepreneurs to use panoramic perspectives to grow companies on a global scale. Conference Kickoff Jamal Fakhro led off the conference. He talked about recognizing the importance of small and medium enterprises, especially in a growing Bahrain economy. Fakhro recognized that small and medium enterprises, or SMEs, could help push Bahrain’s economy forward from its already prosperous position. Filipe


Event Photo Gallery - Swipe for More Santos followed Fakhro to discuss the steps that entrepreneurs can take in modeling their enterprises. He specifically targeted individuals involved in SMEs.

guideline – building blocks – of a successful business. These building blocks comprise what Santos sees as a successful and working business model.

The Building Blocks of Business Santos argued that entrepreneur-led companies are the backbone of economies, and the source of job creation. He stressed that looking at the big picture is of utmost importance when planning and developing a business. Throughout the talk, Santos did not underestimate the difficulty of growing business in a global economic environment. Instead, Filipe Santos offered an architectural

The Filipe Santos Model The steps focus on goal-oriented techniques, including targeting the right customers, and communicating correctly. Santos was able to design these building blocks using his real world experience, education, and lifetime expertise in areas like family enterprise and business modeling. Each piece of the Santos model is a building block, which urges entrepreneurs to examine a different aspect of business.

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Features


The Spirit of Small Business The entrepreneurial spirit was in the air at this conference where small and medium enterprises were the stars of the show. The big-picture at the conference was seeing the big picture. Professor Santos urged his guests to “step back from the complexity of day-to-day business decisions and focus on the essential elements of their business model – their source of competitive advantage.” This piece of advice is simple but effective. More Than a Meeting Place The crowd at the conference was filled with entrepreneurs, business owners, and other officials. It was an excellent opportunity to forge key partnerships, which by no slight coincidence is the eighth building block of Professor Santos’ business model. Santos advised the attendees to create “strategic alliances” and his talk was an opportunity to do so. This conference was more than just a meeting place for ambitious and successful people. It was an excellent opportunity for entrepreneurs to share ideas and explore potential partnerships.

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Filipe Santos Bio: • 2003 Ph.D. from Stanford in Management Science and Engineering • Associate Professor of Entrepreneurship at INSEAD • Academic director of the INSEAD Social Entrepreneurship initiative • Director for the Maag International Centre for Entrepreneurship • Social entrepreneurship lecturer and teacher • Entrepreneurial & business-modeling mentor • Interested in social entrepreneurship, entrepreneurial growth, and business model innovation

Features


Features

Mix n’ Mentor Highlights Mix N’ Mentor Bahrain was a one day event organized by Wamda in partnership with Tamkeen, Bahrain Development Bank and Tenmou to bring together promising entrepreneurs with industry experts and investors. Held on the 11th of May at the Al Jasra Business and Professional Women’s Club, it brought together an eclectic mix of entrepreneurs, mentors and Page 1/2

industry experts from Bahrain, Saudi Arabia and UAE to share their experiences and advice in a casual, high energy setting. Event Day Highlights It was attended by more than 100 entrepreneurs who had the unique opportunity to meet, engage and discuss specific start up challenges with By Jennifer Yakub


Event Photo Gallery - Swipe for More industry experts and investors. The event commenced with inspirational talks and stories from Sheikh Hisham Al Khalifa of Bahrain Development Bank, Yousif Ali from Tamkeen and Francis of PayPal. Sheikh Hisham narrated an interesting story on how historically Bahrain was an entrepreneur’s paradise and everybody was an entrepreneur or worked for an entrepreneur, but with banking, oil and other sectors taking center stage, entrepreneurship was side-lined but it remains within every Bahraini’s DNA and it should be nurtured and brought forth. Soon after the opening address, entrepreneurs and mentors were divided into breakout groups of 10, based on Page 2/3

their skills and challenges. Each group attended 3 sessions, each tackling specific entrepreneurial challenges. Mentors and entrepreneurs in each group were rotated for each session to ensure maximum diversity. Mentors ranged from a wide array of industry experts and investors to serial entrepreneurs. The first session Session 1 addressed Team Building. With mentors like Ms. Amy Morgan of Unisono and Mr. Mazin Al Shehabi of Mazin Computer Centre leading discussions, insightful and immediately actionable advice was doled out to entrepreneur’s questions ranging from “When to hire the first employFeatures


ee?” to “What are the best approaches for employee retention?”. The mentors stressed on the importance of reference checks and contracts prior to employing staff and being aware of government and other programs available to support start up recruitment.

customers and how to develop a niche for your startup. Social Media and word of mouth as being key ways to get in touch with customers were mentioned. Need for creating sub-products from your existing product or service line targeting smaller customers was highlighted. Ms. Deena Al Ansari of The Mobile Spa encourThe Second Session aged entrepreneurs to constantly Session 2 discussed the various Funding innovate and not rely only on price Options available to entrepreneurs. point to maintain market advantage. Mr. Hasan Heider, CEO of Tenmou, emphasized the importance of identi- The Fireside Chat fying the right funding option. Mentors After the sessions, a panel of entrediscussed with the entrepreneurs the preneurs including Ahmed Husain various funding options ranging from of Reload and Hasan Heider of Tenloans and angel investors to equity in mou engaged with the audience and detail. The benefits of having angel shared their own stories in what was investors who would succeed and labeled as a Fireside Chat. The event fail with you, have vested interest in was concluded with the Wamda ormaking you succeed and benefits of ganizers listing key tips to take back less pressure with regard to cash flow from the event: as opposed to a loan were discussed. - Think Big, Start Small This was followed by lunch, which - Build a Strong Team was an extravagant authentic Bah- - Get Great Mentor/s raini affair that gave the mentors - Be Flexible and Adapt and entrepreneurs the perfect casual - Don’t overestimate yourself setting to relax and mingle. - Build relationship with Investors - Launch and fine tune as you go The Third Session Whether you were just starting up, The afternoon session had a detailed trying to scale or looking for an exit, look at the key role of Customer De- The event provided a unique opporvelopment in making or breaking a tunity to bounce ideas off of peers startup. Mentors discussed Customer and industry leaders you wouldn’t Development specific to the MENA be able to interact with elsewhere. region, how to increase and retain Page 3/3

Features


Features

@ltijara

Taking your business online

Altijara Online is an e-commerce solution by Batelco targeting small & medium businesses. It enables any business to set up a webshop and start selling online in no time without the need to hire developers or designers. It features different options enabling the business owners to organize their products, customize their storefront design, accept credit card payments, track the received orders, manage stock and view registered customers all with a few clicks of a button. Page 1/2

90 Days Free Trial 1 - Fill in the application form 2 - Batelco will set up a trial web shop for you within a few days 3 - You will receive your free webshop details on your email. Note: All the webshop functionalities are granted in the trial version. However, payments will only function if a valid Merchant ID is provided. Sponsored by Batelco


@ltijara Online Promo video - Tap to Play Accessing the webshop By default, any webshop will be accessible through a sub domain of altijara.bh (for example: myshop. altijara.bh). However, the service is flexible to be mapped to any domain provided by the user if required.

Delivering products When setting a product on altijara service, the weight and size can be defined. The business owner can setup different delivery options based on weight and the system will take care of calculating the delivery cost.

Receiving Payments Customers can pay on the webshop using credit cards: VISA, MasterCard or AMEX. In order to activate the payment function, the business will require to obtain an active Merchant ID from a local acquiring bank.

Planning to sell online? You can get in touch with Batelco’s e-commerce team for general advice or for more insight about altijara online service. Just drop your request and contact details to biz@btc.com.bh.

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Features


WA F A OBAIDAT An Interview with 26 year old lady entrepreneur, Founder of The Sketchbook Magazine and Creative Director at Obai & Hill

Bahrain


Video Messege from Wafa - Tap to play Wafa, tell us about yourself. I am 26 years old entrepreneur, grew up in Bahrain and studied Interior Design at Chelsea College of Art and Design in London. I founded a design/art/fashion/illustration magazine called Sketchbook from a studio in Notting Hill, London when I was 21 years old. Sketchbook is a digital online magazine that supports the emerging creative scene in both the UK and the GCC, with focus on illustration. These days my time is split between managing the Sketchbook digital magazine and running my second business Obai and Hill, which is a PR and Design agency. Page 2/4

Most girls in your age chose the corporate world and are now employees, what made you take a different route? I decided from a young age that if I was to spend the rest of my life working, it had better be for myself, building and creating the world that I envisioned, so 50 years down the line I would be able to say I made an impact. Are there any differences between a male entrepreneur and a female entrepreneur in this part of the world ? Absolutely not. I grew up in a household where I was expected to do as well as the boys if not better. My Bahrain


brothers and I always had the same curfew and expectations - I never felt any different. How do you start a business with no money? You start by first figuring out what you want to do and achieve. With Sketchbook I had to convince more than a hundred contributors to send me work for my publication. Through connections, friends and classmates, I managed to score a free website, logo, and content to boot. When you are passionate about your work, others quickly catch on to this energy and lend a supporting hand. You just have to be clear to those you are approaching about what it is that you would like and how the situation can be mutually beneficial. With Sketchbook for example, although I was getting content for free - my contributors were getting a great platform to display their work and get noticed.

Primarily focused on the Middle Eastern market, the Obai and Hill mission is to provide its clients with creative and innovative designs and strategic solutions that will give them Tell us about Obai & Hill. the needed competitive edge in the Obai and Hill is my company and current market place. second baby. Again I founded this back in London in 2010 and built a We aim to bring young innovative strong portfolio of clients that were designers into a new light and bridge based in the UK. When we expanded the gap between the un-established to the GCC we realized there was a younger talents and the client. We bigger demand for our services and aim to be approachable, friendly and relocated. innovative.

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Bahrain


How many employees do you have so far ? My Obai and Hill family consists of 6 Bahraini women in the fields of PR, Design, Accounts, and Business management. Our London team consists of a senior designer, a London Sketchbook editor, a fashion consultant and communications specialist.

How would you evaluate the local entrepreneurship support system ? I would like to see more platforms that support innovation, a stronger mentorship program where entrepreneurs can have easy access to decision makers and potential investors. I also think we need more grants that can support innovative ideas.

Are you meeting your growth and business targets ? I have only been in business in Bahrain and the GCC for 2 years, so we are relatively new to the market. The first year was a struggle but things have definitely picked up and the company has seen a very healthy growth particularly in 2013.

What’s your advice to young entrepreneurs? Don’t start listing why you can’t do something, that is the easiest thing a person can do. We are raised in a culture of fear and people are always ready to tell you that your ideas are not realistic. I think you NEED to be unrealistic to pursue what you want.

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Bahrain


Moving Customizable Comforts The story of the Winners of the ‘Company’ Competition by Injaz Bahrain


The team receiving the trophy from Sh. Hessa Bint Khaifa AlKhalifa

startupBahrain was delighted to meet with a young, ambitious and energetic team from Bahrain Bayan School that participated and won the first place in “The Company� competition run by Injaz Bahrain. The winning team was selected based on the scores provided by a judging panel, which consisted of professionals from several entities in Bahrain. The team received the trophy from Sheikha Hessa Bint Khalifa Al Khalifa, Executive Director of inJAz Bahrain. Although all team members are in their 11th grade, the way they spoke and the knowledge they have about various business topics such as finance, manufacturing, marketing and management was impressive. Page 2/3

The Company Competition The competition is broken into four stages, each stage is designed to evaluate the acquired skills, knowledge and lessons the students have learned from the programme. The stages are assessed and rated by a panel of judges, formed from members representing different working sectors. This year 13 teams from 8 secondary government schools, one team from a private school, two centers and two universities participated in the competition. The team is now set to represent inJAz Bahrain and the Kingdom at the regional inJAz competition taking place in United Arab Emirates in October this year. Bahrain


Moving Customizable Comforts This is the name of the company those young students formed to participate in the competition. They aim to become the premier provider of customizable transportable products in Bahrain by providing high quality products with excellent customer support and service. The product they developed “myTray” is a portable tray that when closed can be carried as a bag. When the tray is placed on the lap, a comfortable pillow prevents any pressure from bothering the user, and if tired can be easily flipped to become a pillow to sleep on. The tray has a pocket that allows easy access when in use, or it can be zipped up to prevent anything from falling when in motion. The product might sound simple, but the overall process this team has gone through and the professional skills they have gained cannot be delivered through textbooks. The team fully grasped concepts such as outsourcing, product development, customer demand, and most importantly business flexibility and agility. Since they developed their first product, they took it further by introducing different generations based on customer demand and their own research. They Page 3/3

From ‘myTray’ Instagram Gallery Swipe for more

also started building customized products to customers, WOW ! We must congratulate Injaz Bahrain for this program, which is developing the skills of the younger generation and nurturing entrepreneurship at a very young age. This program is not only creating entrepreneurs, its actually creating change agents whom we believe will transform Bahrain and make it a very competitive country.

Bahrain


Advice

GET Branded Your name and logo is NOT your brand ! by Isa AlMoawdah

You are an entrepreneur with an amazing and original idea. You did your homework and got everything you need to execute your idea and turn it to a profitable business. You probably know who your target audience is too. So, what’s next? If you’re planning to figure out a catchy name and design a creative logo and call it a brand, then you’re mistaken. First, you need to know what ‘brand’ is. What is a brand? A brand is an experience that one lives when seeing, hearing, touching, or even smelling, any part of your business. The brand name and logo is part of the experience, but is that it ?! When you walk into Starbucks, you get a Starbucks experience. The Barista welcoming you, the music, the aroma of the roasted coffee, the design, and the taste are all parts of an experience that they work hard to communicate.


Advice

Offer a unique experience Here is when you think strategically. You will need to research the market, find out the segments that will like what you offer and specifically the ones that are not very happy with your potential competitors. Never copy what you competitors are doing as this will significantly weaken your brand. Pepsi, for example, was copying Coca-Cola for years. They had a similar strategy, logo and even target audience. They failed to the point that Coca-Cola didn’t even bother about them. Things changed when they decided to deliver a new experience. Coke is classic, so Pepsi decided to be the young and energetic brand. Pepsi delivered the Pepsi experience throughout their logo, slogan, bottle’s size, pricing, and lively events. This proved to be extremely successful and made Coke go out of their minds. Your brand needs a soul The soul of your brand is what will make it alive. It allows it to communicate with its audience, build relationships, and tell a story. In order to give your brand a soul you need to think of it as a real person. But can a brand act as a real person? A brand can have a personality, Tiffany is sophisticated, Coca-Cola is genuine, Apple is smart, Nike is active, and Toyota is practical. A brand has an age too, Mercedes is in its 60s while Audi is in its 30s. You can also feel that Batelco is more mature in terms of age than Zain, one is on its late 30s while the other is on its early 20s. You can also communicate the brand’s beliefs by supporting certain causes or social responsibilities. Automobile brands support environmental causes while Fast food chains have funds to support children (to tell us they are part of the family). A brand personality makes a big difference. For example,


Advice

you can’t trust a financial adviser that is too young or too humorous (Banks), or can’t relax in the hospitality of a very rigged and serious person (Cafes). When deciding your brands personality, think of the relationship that your target audience will build with your brand. Finally, The Name and Logo Once you’ve decided on your target audience, the relationship you aim to build with them and the brand personality you want to portray, you are then ready to create the visuals of your brand, starting with the name and logo. Thinking strategically and taking all those factors into account will help you set the bar very high to your competitors and will make build a solid foundation of loyal customers.


Advice

Success: a sticky trap How to trap your own success? by Hamed Fakhro

Success: A fantasy Everybody wants to be successful, but not many people have a clear definition of what ‘success’ is to them. Success is ephemeral, a mirage-ish specter constantly shifting and drifting away from you like a puff of smoke. Many people have all they want yet still crave more. So what is success? In my opinion, it’s a fantasy. It’s all relative Like everything else, success is all relative. To one person it may be finding the next meal, to another it may be just staying alive for that day. Some may want to have a seven bedroom mansion on the Riviera, and others may crave buying that island they saw in the Maldives. So where do we start and where do we stop? I suggest benchmarking


Advice

success against happiness. If you’re happy, then you’ve succeeded. It’s all in your head If you’re convinced you won’t be happy until you get those material things you want, then you’ve already lost. Happiness is in the moment. It’s right now. It’s not next year and it’s not after ten. If you live in that daze then all you’ll be is a slave to your boss, the system, or somebody else. I’m not saying don’t build yourself up and have an awesome career, I’m just saying make sure you know what you want and why you want it. Material things are fleeting but moments last forever. All being said, here are a few tips to ensure success: Do what you love If you do what you love then you’ve already won. It won’t be considered a job, yet you’ll get paid. If you like cheeseburgers imagine waking up every morning looking forward to having a nice juicy delicious cheeseburger. Yum. Be tenacious The building blocks of success are simple: Tenacity, tenacity, tenacity. Never say never If you want something bad enough, you’ll get it. Just keep banging your head against that door till it opens (or breaks) Never give up. Live rough. Be broke. Fail. Get hurt. Go to war. Most importantly, get back up. As long as you’re in the game you can’t lose. Lead a great team Being an entrepreneur is the hardest thing to do, so don’t imagine yourself sitting on a throne with people serving


Advice

as you sip tea and count money. You have to lead others and motivate them. Leadership has many definitions, but in my opinion its simple: Get your hands dirtier and muddier than your team, and expect them to do the same. Hire slowly and fire quickly. Do your homework Jump into life. Don’t jump into business without a plan, parachute, airbags, and an escape route. Measure twice and cut once. If you don’t calculate scenarios, experiment, get feedback, and learn from others, then you’re just wasting time and money. Think Think. No seriously. Just think. A lot. All the time. Conclusion In conclusion just be happy. Life ain’t worth it. Make sure you are money’s master and not the other way around. If you are satisfied with what you have, then trust me you’re already successful.


Advice

Co-opetition When your competitors become your friends! by Zain AlZayani

We all know how competitive the market can be. You might think you have the best business idea and once you are open for business, you find that a similar concept pops up a few weeks later. Of course, you are stumped! but what would you say if I told you that some organizations have made a breakthrough – they befriended their enemies. They got close to their competitors. So what do you call cooperation and competition? Co-opetition. Barry Nalebuff (1996) wrote a paper on Co-opetition and one statement sums this concept up nicely: “Complementors in making the market. Competitors in dividing the market.�


Advice

For example, the nail salon market is on its way to saturation in Bahrain. Competition is intense and the supply seems to outweigh demand. Some businesses are so cutthroat that it can get vicious. Rather than focusing on outdoing the competition, these businesses can unite and lobby for a new law or regulation to be passed, or apply pressure to an exclusive supplier in Bahrain that is asking for unnecessarily high margins. According to Francesci Garraffo, co-opetition has four main advantages: 1. Exchange of knowledge 2. Collaborate on research and development activities – which may or not be applicable to startups and really depends on the industry 3. Market alliance for new standards – could apply to applying pressure to pass or relax laws or even shrink supplier margins 4. Collaborative agreement to integrate existing businesses. This applies mostly to merging previously competing businesses. Another famous saying “keep your friends closer and your enemies closer” can mean the same thing. A statement often accredited to Sun Tzu (although there is a debate on whether those exact words where what he wrote) and Al Pacino in “The Godfather” – you can’t help but take notice of it. When analyzed, this statement can easily be applied strategically to a business. Keep track of not only your business partners but most importantly – of what your competitors are doing and stay ahead of the game. In contrast to the traditional way of ‘winning & losing’ – cooperating and collaborating with your competitors (hello frenemies!) has a lot more advantages. Back in 1997,


Advice

Microsoft saved its rival Apple by investing $150 million. This enabled both organizations to work closely together and learn from each other’s advancements. The rest, as they say, is history. In a nutshell, whether you are a newly started business or an established one, realize that you do not operate in a silo. You have partners, suppliers, customers and competitors. Some competitors are fierce and can disrupt you, others are passive and just there – making money. It is important to get close to both types, no matter how difficult the feat proves to be. Knowing them makes you stronger.


Resources

WEBSITES WE LIKE By Mohamed Isa. Tap the next or back arrows to browse the sites Tap on the snapshot to visit the site

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< Waveapps.com This website is too good to be available for free. We spent some time trying to look for a reason why something this good is available for no cost and we were left scratching our heads. Wave miraculously captures the full accounting in few easy steps. The site is able to produce invoices, record transactions and generate account statements that you only see in newspapers. Wave is supported by a handful of mobile apps to capture receipts and look at your shiny dashboard. Too bad some of the features are available in US only, but there are ways around it.


Resources

WEBSITES WE LIKE By Mohamed Isa. Tap the next or back arrows to browse the sites Tap on the snapshot to visit the site

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< Squarespace.com SquareSpace is a perfect spot to start your online presence. The company provides a stable platform for your small business to be online in no time. The simple plan which costs only 10$ a month provides you with the basics, double that amount and youâ&#x20AC;&#x2122;ll have a full-fledged website with unlimited bandwidth and storage. SquareSpace provides a large number of gorgeous templates and amazing designs that look good on your computer or mobile device. Tech savvy users and developers are also free to tweak things based on their requirements.


Resources

WEBSITES WE LIKE By Mohamed Isa. Tap the next or back arrows to browse the sites Tap on the snapshot to visit the site

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< Instructables.com Hereâ&#x20AC;&#x2122;s a simple website that combines thousands of user made Do It Yourself tutorials and guides in technology, lifestyle and even food. Instructables is a treasure for people looking for ideas or ways to make things, many things. Guides are available in a series of step by step photos or even videos. The site provides a pro membership service for hardcore users and is supported by an army of dedicated community members to help and discuss ideas. The mobile app is equally awesome.


Resources

WEBSITES WE LIKE By Mohamed Isa. Tap the next or back arrows to browse the sites Tap on the snapshot to visit the site

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< Dealextreme.com Deal Extreme or DX.com is our favorite site when we are looking for cheap and affordable gadgets. The store never fails to surprise you with unbelievable prices and wacko things to buy. Some of the items are terrible knock-off, but you can easily find hidden jewels for less than 1 BD. The free shipping options makes this site unbeatable, if only if was a little bit faster. Overall, a great place for tiny useful things and accessories.


Resources

APPS DEBRIEF By Mohamed Isa. click the next or back arrows to browse the apps click on the app itself to grab it from the apps store

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< Umano - News Read to You (iOS, Android)

Umano delivers an exciting concept. The app provides you with the required dose of your favorite news from various sources and categories such as business, entertainment, technology and Entrepreneurial. Whatâ&#x20AC;&#x2122;s different is that you hear the news from professional readers or voice actors, making your waiting time in morning traffic less painful and more useful. The amount of news items can be disappointing if youâ&#x20AC;&#x2122;re driving from Muharraq to Riffa though.


Resources

APPS DEBRIEF By Mohamed Isa. click the next or back arrows to browse the apps click on the app itself to grab it from the apps store

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< Aramex Shop & Ship (iOS, Android)

This useful little app is the natural extension to Aramexâ&#x20AC;&#x2122;s mail forwarding service that allows you to buy items from the US, UK, China, UAE and now Turkey through a local address. The app features a simplified method to track all you upcoming shipments, receive timely notifications for all activities and to simply copy or forward your address to an email or note. The only thing missing is the ability to pay.


Resources

APPS DEBRIEF By Mohamed Isa. click the next or back arrows to browse the apps click on the app itself to grab it from the apps store

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< Bahrain City Center (iOS, Android)

If youâ&#x20AC;&#x2122;re one of the many people I know who are unable to locate a specific shop in Bahrain City Center, then this app is perfect for you. It enables you to search for a specific shop or locate it on a useful map. There are other features and useful information for visitors, like running promotion (some are quite outdated) and a parking location reminder. Whatâ&#x20AC;&#x2122;s missing is to have the contact number of shops and try to produce a map for the confusing, maze-like parking lot.


Resources

APPS DEBRIEF By Mohamed Isa. click the next or back arrows to browse the apps click on the app itself to grab it from the apps store

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< CamScanner (iOS, Android)

Nothing beats the simplicity and features of CamScanner. The app is provides amazing document scanning capabilities with easy to use image enhancement and cropping functions. Once a document is scanned it can be converted to PDF and sent to a fax or email. CamScanner also provides Optical Character Recognition (OCR) capabilities to enable you search within documents and backs up your document in the cloud to enable you to sync them across your devices.


Resources

Gadgets Debrief By Mohamed Isa. Tap on a gadget to read the review

Pebble Watch The Pebble Watch was the most funded project to be featured in the crowd funding website Kickstarter. This elegant watch f e a t u r e s a p o w e r e ffi c i e n t ePaper display and a decent set of sensors to enable several useful applications that can be built on the available software development kit. The Pebble is not aiming to replace your smartphone, but tries to extend its capabilities through direct Bluetooth communication with your favorite Android or iOS device. Can your Rolex do that?


Resources

Gadgets Debrief By Mohamed Isa. Tap on a gadget to read the review

Fitbit Flex Wearable computing is one of this decadeâ&#x20AC;&#x2122;s hottest trends and this trend is expected to boom further with the emergence of smarter wearable gadgets and introduction of additional sensors in existing gadgets like smartphones or watches. Fitbit Flex is the most interesting lifestyle & health tracker in the market. The good looking wristband is able to track your steps and even analyze your sleep patterns, which is sent to your favorite smartphone through a gorgeous app. Recommended!


Resources

Gadgets Debrief By Mohamed Isa. Tap on a gadget to read the review

Samsung Galaxy S4 Samsung dominated the Android market with the introduction of the galaxy line. Their newest addition to the lineup is disappointing for some people and can be considered an incremental update to the successful S3. The new flagship phone features all the bells and whistles expected from a highend phone. The phoneâ&#x20AC;&#x2122;s design is slightly disappointing compared to the HTC One and the custom interface (Samsung TouchWiz) requires a major redesign. There are so many new features, some of them are quite gimmicky and awkward to use.


Resources

Gadgets Debrief By Mohamed Isa. Tap on a gadget to read the review

Makerbot Replicator 2 3D printing is a neat concept that was finally made in an affordable way. The concept promises the average person to make physical goods out of plastic in minutes without leaving his seat. Now, what that means to online shopping and delivery of goods on the internet is nothing short of a revolution. Makerbot is one of the leading 3D Printing brands, and the Replicator 2 is a shining example of they are capable of. The Replicator 2 looks good and costs around 2,200 $ (which is quite reasonable for a 3D printer).


Worldwide

IKEA The Game Changer According to Forbes, as of October 2012 Ikea had $34.5 billion in sales. The company has been growing and expanding since its inception. Ikea has over 330 stores in 38 countries, and its revenue, net income, and total assets, have increased every year for over ten years. Ikea dominates the affordable furniture market. But how did a small Swedish furniture company become a worldwide retail phenomenon and one of Forbes top 50 most powerful brands? Page 1/2

Self Sufficiency In 1955, twelve years after Ingvar Kamprad founded Ikea as a 17-yearold, furniture suppliers began to boycott Ikea. Other furniture stores were upset that Kamprad was selling furniture so cheaply in his stores. But Kamprad stuck to his initiative: to sell furniture that as many people as possible could afford. Instead of giving up on selling furniture, Ikea began designing its own products. By designing their own furniture, Ikea


was able to cut costs, and created a Brand Expansion unique style that has developed into Brand expansion does not only refer a powerful brand today. to the fact that there are hundreds of Ikea stores worldwide, which in total Thinking Inside the Box see over 600 million annual customA year after the company began design- ers. It also refers to the expansion of ing their own furniture, they started products, shipment methods, and considering packing their furniture service techniques. The company is into flat and portable boxes. The sto- constantly adjusting and expanding. ry goes like this: an employee could Ikea has become one of the foremost not fit a fully assembled table into supporters of environmental susthe back of a car, so he removed the tainability in the business world. It is legs and slid the table and legs into clear that Ikea focuses on constantthe trunk. That way, the customer ly improving the brand – whether could reassemble the table later. Now, that means packaging things more Ikea packages all of their furniture in efficiently, or making things less expieces inside flat boxes. pensive. This requires some work on the customer’s end, but allows Ikea to cut Commitment to a Goal assembly and shipping costs– savings Ingvar Kamprad set out to sell good that passes onto the customer. The furniture so that as many people as flat-box concept is just one way Ikea possible could afford it. Today, Ikea uses creative thinking to move ahead. is an inexpensive option for modern, well-made furniture. Ikea has The Shopping Experience not strayed from this goal, and the When you go to Ikea anywhere in the brand’s loyalty to its original intent world you can expect a similar expe- is what keeps Ikea a dominant furnirience. You’ll find furniture pieces and ture force. other goods, many of which named after Swedish towns, at low prices. Ikea sets a new standard for affordYou can stop in for a refreshment at able, high quality furniture stores. It the café or grab some famous Ikea has the success and worldwide domSwedish meatballs. Shopping at Ikea ination of a fast-food chain, but the is not a hassle, but rather a lovely ex- image of an upscale retailer. perience. The unique Ikea shopping The above five principles set Ikea experience is another creative reason apart from the herd, and make it a why Ikea is a dominant brand today. multi-billion dollar company. Page 2/2

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Tim Ferriss Tim Ferriss is an accomplished individual in fields as varied as tango dancing and entrepreneurship. One of his greatest achievements is employing unparalleled efficiency to change the common system of the 40-hour, 9-5 work week to an ultra-effective four hour work week. His book on the subject, The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich, is an International best seller. Tim Ferriss is the type of person who can conquer any task at Page 1/2

hand â&#x20AC;&#x201C; but he is not an inherently, exceptionally talented person. Ferriss has followed these three simple rules to achieve greatness in any task. Deconstructing Tasks If you asked Tim Ferriss how he was able to learn multiple languages, become a world-class tango dancer, overcome his fear of swimming, or earn his fortune â&#x20AC;&#x201C; one of the first things he would tell you is that he deconstructed tasks. Right out of


college, with an esteemed degree from Princeton, Ferriss worked in sales at a data company. He was fed up with the company and thought there were too many inefficiencies. He didn’t think his salary was comparable to the amount of work that he did. So, while still employed at his other job, Ferriss began working on his own company. Ferriss developed BrainQUICKEN, an online supplements company, and found that he was putting in 14-hour work days at it. In order to escape his workaholic lifestyle, Ferriss deconstructed the work week. He examined the most important pieces of the work week and broke those down. The method of deconstructing tasks is the same method Ferriss used to conquer his fear of swimming. It is the same method he used to become a world class ballroom dancer. He looks at issues as a whole, and then examines each piece. By examining the small pieces of an issue it becomes less daunting, more graspable, and more attainable. Understanding Parkinson’s Law Parkinson’s law really contributed to Ferriss and his ideas of efficiency. The law states that the more time you allot a particular issue, the more complex you think it is. This idea challenged the way he saw everything. Maybe a 40-hour work week only seemed like Page 2/2

40 hours of work because that is the amount of time he gave it. He worked with this idea to develop the four hour work week. Using Parkinson’s law you can change your perception of tasks and their complexity. You will be able to accomplish more in a shorter period of time, if you just change your perception of the task. Knowing that Fear Is Your Friend As a child Ferriss feared swimming. He endured a bad experience as a kid in summer camp, and did not get over his fear of swimming for decades. In his early 30s, he used his technique of deconstructing tasks to re-examine swimming. He looked at the mechanics of swimming and went from swimming one lap in complete fear, to swimming a kilometer in open ocean water. Those things that you fear most, may be the things, which you should overcome. Know that fear can be your friend. It can push you to overcome adversity, to reach potential you never knew you had. Tim Ferriss sees life in a different light than most people. His techniques to success are no secret. If you follow these laws for success, you too can become more efficient, effective, and successful.

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June Issue startupBahrain  

The June issue of startupBahrain features 26 year old lady entrepreneur Wafa Obaidat, we also bring to you the highlights of various entrepr...

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