Entrepreneurship encompasses transforming an idea into a profitable endeavor by developing a product or service. It comprises employing limited resources and taking risks to maximize products while constantly innovating to achieve and sustain competitive advantage. Entrepreneurs engage in several activities to transform ideas into successful businesses by utilizing their skills and expertise. They are also necessary for economic prosperity and growth because they create new products, services, and businesses to fulfill consumer demands while creating jobs. Entrepreneurs are also beneficial for developing new products and services while promoting industries and economic stimulus by establishing businesses. Starting and running a business is not for everyone because it entails taking risks, taking responsibility for actions, and developing novel and unique ideas. Innovation is a compulsory element of successful entrepreneurship because businesses cannot survive or grow in the fiercely competitive business climate without continuous innovation.
Successful entrepreneurs take businesses to unprecedented heights through innovative ideas and business processes. However, not everyone succeeds in transforming an idea into a successful business due to a lack of skills, expertise, dedication, and hard work. Hard work, dedication, and resilience are necessary for succeeding as an entrepreneur. The path to successful entrepreneurship and unprecedented growth contains numerous challenges and issues, including financial or operational setbacks, difficult decisions or choices, and excessive competition. However, effective entrepreneurs survive and strive through hardships and challenges due to their resilience and dedication. Experience plays a vital role in succeeding as an entrepreneur, but not everyone is experienced. However, aspiring entrepreneurs can learn from experienced professionals to avoid significant issues and problems. The will and passion for creating a successful business and reaching new heights of success motivate people to keep moving and working despite the challenges. Mohammad Hamzah Ahmed is an entrepreneur dedicated to successfully managing and running a business while overcoming obstacles through hard work.
Mohammad Hamzah Ahmed is a prominent entrepreneur and CEO of Dubai-based ITQAN corporate services provider. Although Ahmed completed his education in engineering, his expertise and experience in business consultancy compelled him to start a business setup and consultancy company. Born in Aden, Yemen, on April 6, 1981, Ahmed spent his childhood and school life working in the family business. His childhood significantly differed from other children his age because he worked in the businesses’ six branches in various locations while his peers played with their friends. Ahmed acquired substantial experience working in his family business from an early age and capitalized on that experience later in his life. He attended the University of Aden and graduated with an electro-mechanical degree in 2000. During his first year in university, he led a team of over 55 employees in his father’s business while developing entrepreneurial and leadership skills.
Ahmed worked in his father’s business for several years while accumulating business management experience. However, he joined a leading retail and real estate company in the Kingdom of Saudi Arabia, the Fawaz Alhokair Group, as an area manager. Ahmed’s life drastically changed when a crisis forced him to rethink his priorities due to his monthly financial obligations and expenses. He established ITQAN corporation in 2012 in Dubai, UAE, and assumed the role of the company’s CEO. Ahmed aimed to utilize his considerable business management and entrepreneurial experience to help aspiring entrepreneurs develop and manage businesses successfully while avoiding challenges and setbacks. He offers advice and consultancy through ITQAN to investors and entrepreneurs worldwide to set up a company. Ahmed also capitalizes on his substantial experience to offer business management advice regarding general trading, project management, and entrepreneurship. The company helps investors establish businesses in various parts of the UAE while offering advice for investing in the country.
The business advisor and consultant utilized his experience in entrepreneurship to establish a company that offers advice on setting up a business in the UAE. Although Ahmed completed an electrical and computer engineering degree, his business acumen and experience compelled him to continue as an entrepreneur. He significantly influenced investors and entrepreneurs in the UAE, USA, Saudi Arabia, Oman, Bahrain, Turkey, Egypt, and Poland. Mohammad Hamzah Ahmed spent several years working in his family business from a young age and accumulated considerable experience in business management. He later worked as an area manager for a large retail and real estate group in Saudi Arabia, improving his leadership and management experience. Ahmed established ITQAN in 2012 to use his business management experience to guide and advise others in successfully setting up and running businesses. Mohammad Hamzah Ahmed is making a mark in the entrepreneurship and business consultancy industry through hard work and dedication.