Lessons learnt from 2020 can help aspiring entrepreneurs found in the coming year

When I bid my parents farewell back in February before I travelled, I didn’t know it would a while ahead of we were reunited. I also never imagined I would lose a relative to the virus, and that I would be unable to come to be there for good friends who fell ill from it.

If there is a very important factor that people would agree on this year, it really is that 2020 is a challenging season. We lost a lot more than 1.7 million persons worldwide to the virus, and almost everyone’s life has been affected one way or another by it. A lot of us proved helpful, celebrated and mourned in isolation.

And yet, amid all the craziness, it hasn't all been terrible. Beyond the news, curfews and travelling embargos, new possibilities and opportunities are arising. That's not only good news for businesses also for our environment.

Through the entire years, writers and experts encouraged businesses to embrace distant work and help their workers maintain a work-life balance. The restrictions which were imposed earlier this season hastened the procedure and employers are starting to realise that not only does it work, additionally it is cost-efficient.

Businesses that allow staff members to work from home half enough time, save typically $11,000 per worker, according to Global Place of work Analytics. On an employee level, remote personnel generally save an average $4,000 annually by working from home, according to Flexjobs, something that helps persons find flexible jobs.

Remote do the job also brought along incredible opportunities from tapping talent around the world to reducing time spent commuting to and from meetings to cutting out unnecessary costs.

With everything happening in the digital space and more people embracing e-commence, we could witness the go up of more progressive digital start-ups. Dubai’s Startup Hub, an initiative by Dubai’s Chamber of Commerce and Market, registered an gross annual 236 per cent increase in memberships in the primary half of 2020.

More start-ups that specialise in e-commerce, source chain, FinTech, and education have joined the initiative.

As businesses go through the benefits of remote do the job, and employees of some companies such as for example Twitter home based indefinitely, this news could positively impact the environment and help reduce skin tightening and emissions.

Medical crisis temporarily cut skin tightening and emissions in countries such as for example China by 25 %, according the Carbon Brief.

While some experts believe that this is non permanent and the numbers could jump back up once people travel freely, I hope that more persons would think twice and incorporate sustainable choices within their lives. If extra companies embrace a long lasting remote work model, much less commuting means less traffic and considerably more sustainable lives.

Our limited travel choices this season also meant that most of us had a chance to strengthen familial ties, embrace our surroundings and explore the outside.

The “World’s Coolest Cold months” campaign launched by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, encourages persons to explore the UAE’s hidden gems this season, in line with ambitions to twice the domestic tourism industry’s contribution of $11.2 billion to gross household product by 2030.

Overall, 2020 has displayed us the value of resilience - in business and in life. It confirmed us that regardless of the hardships and challenges, we find methods to pivot, to endure and thrive. The year shook our routines, our lifestyles, and our objectives. It trained us to plan for the near future and shed extra light on the importance of saving our funds and not take anything for granted.

As painful as this season was to most of us, I am hopeful that with the abilities we acquired and the experience we have exchanged with one another, we will be in an improved position to reshape our businesses, create latest ventures, sustain the environment and support our co-workers within their bid to maintain a healthy work-life balance.