What does it take to surpass the US$1 million threshold in business? Is it luck, hard work, networking or something less obvious? Lauren King, EO Accelerator Program Director, spoke with us and shared how the program is fueling entrepreneurial innovation and growth globally:
THE EO BLOG
Tagged: business growth
By Fernando Gonzalez, an EO Colombia member and vice president of strategic planning at Solutions Group S.A.
It was 2007, and my marketing and outsourcing firm, Solutions Group, was about to go bankrupt. I was facing a tremendous amount of pressure from my partner, not to mention personal, family and health-related problems, on account of all the stress. We had debts all over town, owing banks and third parties close to US$1 million. Added to the pressure were the 120 employees that relied on us for their livelihoods, dreams that would be dashed if we didn’t recover. We were in shock, to say the least.
By James Cotton, founder and director of CMO COMPLIANCE
Running a technology company almost implies that technology runs your company. In many cases, I have discovered that this is far from true, and indeed, sometimes even with the best of intentions, it can be a battle. I try to keep our office paperless, because it ensures that all information can be extracted readily; however, it is not always so easy to find the perfect technology solution to help grow your business.
By Ahmed Gabr, Wamda.com
As entrepreneurship awareness builds lately in the Arab World, Saudi Arabia, with its abundance of free capital and interest among the youth in new business, is poised for startup growth. Many leading entrepreneurs in the region also have set their sights on expanding into the Saudi market, especially in web and mobile fields, given that Saudi Arabia has the highest rate of smartphone penetration in the region, at 62%.
Based on these factors, we asked entrepreneurs from Saudi about what they think of entrepreneurship in KSA in its current state. Here are their answers.