2. What is a business
community?
• The business community is a
group of individuals in charge
of managing firms. Such as;
producing, purchasing, and
dispensing goods and
services.
• There are three common
business types: sole
proprietorship, partnership, and
corporation.
3. What is the biggest
issue facing the
business community
members in the UAE?
• Lack of funds and cash flow is
the problem that affects
business community members
in the UAE most frequently.
• A lack of capital is an issue for
single proprietorships which
can cause a business to
collapse, cease operating, and
lose motivation
4. What are the reasons of the lack of
funding problem in business?
• losing charge of the
money
• Lack of preparation and
strategy
• weak leadership
• low earnings
5. What is Losing control of the finances in
business community and it solutions
• Losing control of the finances means when
a company person stops directing his
money in the right direction and stops
caring about his income.
Solutions are:
• Determine the root of the issue
• Change Budgeting Methods
• designation for a knowledgeable, smart
accountant
• Watch Your Company's Cash Flow
6. What is Bad planning and a lack
of strategy in business
community and its solutions
• Poor planning results in a lack of a
fixed schedule for the team members
to follow.
Solutions are:
• Concentrate on the Customer Rather
Than Yourself.
• Engage a Multidisciplinary Team and
Hold Them Accountable All Year.
• Make certain that each and every
team member believes in the vision
and objectives for the growth of your
business.
• Clear your aims.
7. What is weak leadership in business
community and its solutions
• A bad leader concentrates only on finishing the
task at hand rather than using it as an
opportunity to help their team members gain
new knowledge and abilities.
Solutions are:
• Establish your role clearly. Make sure you are
fully aware of your team's and your own
responsibilities as well as your limitations.
• Be genuine. ...
• Find assistance. ...
• Utilize criticism to your advantage.
8. What is low profit in
business community and its
solutions
9. Which businesses experienced financial
failure?
• Toys R us:
Among the most recognizable television commercials, On February 28, 2018, Toys R Us Limited filed for
bankruptcy after accruing £15 million in unpaid taxes. The business stated that inadequate planning is
the primary cause of these taxes.
Kmart:
In 2002, when the company was experiencing a financial crisis, then-Chairman Charles Conaway and
President Mark Schwartz pulled an Enron (I told you it would become popular) and mislead the
company's shareholders and officials about the situation. Instead, they pocketed the money for their own
gain. This occurred because no strategy was followed.
Compaq:
Once upon a time, Compaq dominated the PC system market; however, that was back in the 1990s.
When Eckhard Pfeiffer took over as CEO in 1991, he bought Tandem and DEC and turned his attention
away from the customers and markets that had brought Compaq such success. As Compaq attempted—
and failed—to move their products upmarket and expand their reach, their rivals began to rule their
original market. This is the result of the owner's desire in wanting to increase his income, which gave
other businesses a chance to succeed.
10.
11. What is the initial
solution of the lack of
capital issue in the
UAE?
• in the UAE governments should also
encourage commercial banks to
lend money to small and medium-
sized businesses by improving the
climate in which banks can invest.
Governments should promote small
businesses and persuade investors
to do the same, which can be a
solution.
• managing capital by obtaining bank
loans while employing a plan to
avoid going into debt.
12. 3 LOs
• #Professionalism: Since professionalism is crucial and helps to enhance the
presentation, I put a lot of emphasis on it. So what did I do? I concentrated on
communicating in a clear manner to ensure that the audience would understand; I
presented my work in a professional manner; I explained all the slides and the
information in a clear manner; I also used rhetorical appeals; I gave clear examples; I
submitted on time; and I made sure that the video was three minutes long.
• #Organization: I arranged my slides based on the outline i created, making sure to
concentrate on the problem and its causes, offer a clear introduction to the subject, and
add my references at the end.
• #Composition: I convey my message in a clear and effective manner that was
suitable for the target audience. I use the right words I write and talk clearly,
honestly, and simply; avoid stiff language, passive voice, complicated structure,
and imprecision. To fit the relevant information into my communication
seamlessly, I employed paraphrasing and summarizing.
13. References:
• Kanya, K. (2022, November 23). Business financial crisis: 5 steps to overcoming it:
Hashmicro. BusinessTech. Retrieved December 9, 2022, from
https://www.hashmicro.com/blog/overcoming-financial-crisis-in-business/
• Morgan, K. (2018, August 15). Five common causes of business failure. London &
Zurich. Retrieved December 9, 2022, from https://www.londonandzurich.co.uk/five-
common-causes-of-business-failure/
• Jacob, A. (2018, February 12). The top 10 causes of poor cash flow & how to fix them.
The Top 10 Causes of Poor Cash Flow & How To Fix Them. Retrieved December 9,
2022, from https://www.ordermentum.com/blog/the-top-causes-of-poor-cash-flow-and-
how-to-fix-them
• Fam, Hubschmid, Watkins, H. F. S. (2022, November 3). How can access to Capital
Impact Small Businesses? Markaaz. Retrieved November 27, 2022 from
https://markaaz.com/how-can-access-to-capital-impact-small-businesses/
• Forster and Kahan, P. and R. (n.d.). What is capital in business? (plus types of capital).
Retrieved November 26, 2022, from https://www.indeed.com/careeradvice/career-
development/what-is-capital-in-business
• 10 businesses that failed due to poor management. e. (n.d.). Retrieved December 9,
2022, from
https://www.e-careers.com/connected/10-business-that-failed-due-to-poor-management
• Desjardins, J. (2019, March 11). Why do businesses fail? Visual Capitalist. Retrieved
December 9, 2022, from https://www.visualcapitalist.com/why-do-businesses-fail/
