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Tribune News Network
Qatar University (QU) Foundation Programme in the Deanship of General Studies hosted entrepreneurs at its 5th Entrepreneurial Session organised in collaboration with The Bedaya Centre for Entrepreneurship and Career Development.
A series of presentations were delivered to English for Business Communication students by Ahmad Al Saygh and Ola Abdin on June 15.
The main objective of the event is to inform students aspiring to start their own businesses of the support and services provided by the Bedaya Centre, Qatar Business Incubation Centre, Qatar Development Bank and other specialised services such as the Digital Incubation Centre.
The guest speakers’ presentations proved insightful, candid and inspiring. They morphed organically into students’ collective brainstorming, sharing of their business experiences and quick Q&A exchanges. They clarified the difference between entrepreneurship and regular business, pitching a number of business ideas for the students to categorise into either truly original, innovative, creative, disruptive, on one hand, or as a mere replication of successfully implemented ones, on the other hand. Regardless of the origin of inspiration, be it a shared problem, talent, acquired skills or personal interest, he noted, the market remains to be the primary catalyst and decisive force of successful innovations in contemporary business.
The guest speakers did a reality-check about the percentage of start-ups that manage to survive and stay in business at least in their first year. To students’ surprise, only 2 to 5 percent of new business ventures worldwide manage to survive in the market. In response to students’ curiosity about the viability of new “coffee shop” business concepts in Qatar, they were warned that a typical “coffee shop” business idea in Doha appears to be a mere replication of previously implemented business ideas, and it is risky due to competition, deep market saturation and high operational costs. The guest speakers pointed out an example of a successfully implemented business concept - the paddle game. According to Ahmad and Ola, it has been trending lately: the demand of paddle facilities, equipment and services still seems to be on the rise.
The series of the presentations delivered by The Bedaya representatives were informative and encouraging. They served as a good reminder and confirmation to the aspiring business students that they should not feel alone and in the dark on that wakeboard entrepreneurship, hopping on the waves of business risks and opportunities. However, they need to do their best to prepare for a successful ride while taking QU courses.
Fortunately, the QU business students should not feel lonely in their search for answers about their future. They must know that the local business community and financial institutions in Qatar are keen to learn about their brave, new business concepts. English for Business communication team is working hard to inspire an entrepreneurial mind-set in BCE students.
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