Did you know that there are around 6.5 million startups each year, but nearly 90% of them end up in failure? According to the statistics, 21.5% of businesses fall flat in the first year, 30% in the second, 50% in the fifth, and 70% in their tenth year.
Admittedly, the failure rate is pretty high. However, there seems to be a certain number of business ventures that end up in success.
How? They make sure to learn from the experience – both theirs and their fellow entrepreneurs.
And we happen to know the perfect learning hub for every aspiring entrepreneur out there – thestartupscene.ME.
What is the Startup Scene?
The Startup Scene is a MENA (the Middle East and North Africa) startup hub that came to life with one goal in mind – to gather enough resources to help young and up-and-coming business owners educate themselves. The resources range from behind-the-startup stories, experiences told by other venturers, the current business situation in the MENA region, as well as inspiring success stories and biographies featuring the most successful entrepreneurs.
The idea behind this magazine is to provide entrepreneurs with everything they need – inspiration, facts, and tricks of the trade. Such knowledge will make them feel more confident before taking the final plunge into the unknown. And we all know that confidence is half the battle won.
Moreover, the Startup Scene has a strong social media following and an engaged community. This encourages networking and mutual exchange of thoughts and experiences. The opportunity to talk to fellow entrepreneurs is not so easy to get by. Every entrepreneur on the beginning of their road to success would greatly benefit from being able to have a real conversation with somebody who already walked that path.
And all of that is now possible thanks to the team behind the Startup Scene.
How can the Startup Scene help you?
No matter whether you are seriously considering starting your own business or just toying with the idea, there are plenty of useful resources you can find on the Startup Scene. This amazing website can help you:
Find out more about the market you wish to enter
The Startup Scene has an entire section dedicated to the Middle East and North Africa business scene, called MENA Ecosystems. This section comprises all the important things to know about the niche you’re in, lucrative market opportunities, as well as the needs of your potential customers. Doing your research right and discovering gaps in the market could prove crucial for the success of your business.
Devise a solid business strategy
Creating a well-thought-out work plan is sure to save your business from going belly-up. Why? Because it will allow you a more realistic look into everything that needs to be done if you want to see your business take off. In addition, having a solid plan means being aware of everything that can go wrong. And being prepared for it. See how others did it and get some insight into what to pay attention to. Trust us, it’ll save you a ton of time and money.
Pick up the basic dos & don’ts
Reading stories about other startups is an integral part of the learning process. Pay attention to how and why a certain business came to life, what the biggest problems it faced were, and how the owners dealt with them. This will certainly teach you a thing or two about the ups and downs of starting a business.
Learn from others’ experiences
It goes without saying that people learn best from their own experiences. The same goes for the world of entrepreneurship. However, it’s wise to take into account the struggles and victories the other business owners experienced. And the Startup Scene is full of such stories. So go ahead, read their interviews, biographies, and success stories starring other entrepreneurs – you’ll most certainly get plenty of useful advice.
Meet the right people
Professional networking is the key to any small business’s success. Just think about it. You are a new kid on the block and, naturally, you need people to hear about you. You need to become the talk of the town. And what better way to do that than networking? Every entrepreneur who joins the hub will soon start growing their connections.
Seize new opportunities
In case you are still not sure what direction to take, it’s good to be on the lookout for possible job opportunities. Being in the loop is crucial if you want to seize all the opportunities that are offered. The Startup Scene has a section called Opportunities that provides details about various mentorship programs, professional training sessions, state fundings, and so on. That way, the MENA entrepreneurs are always up-to-date with what’s going on in the region.
What is their online presence like?
The team behind the Startup Scene knows that you need a strong online presence in order for others to even know that you exist. So, besides creating a well-structured website full of relevant information, they wanted a catchy name that’ll stick out. And, with the help of a clever .ME domain hack, they got it – thestartupscene.me. With a personalized name like that one, this awesoME website is sure to stick with you for a long time.
However, there’s one more thing .ME domain brought to the Startup Scene – localization. Being primarily a Middle Eastern startup hub, no wonder .ME was their domain of choice. After all, seeing a. ME domain name, every Middle Eastern website visitor immediately knows they are in the right place, which makes the website itself highly relevant for its target audience. A true win-win situation.
Let’s face it – entrepreneurship is hard. It takes a lot of courage, effort, knowledge, dedication, and planning to become a successful entrepreneur.
Luckily, there are places where you, as an aspiring business owner, can find the help and support you need to achieve your goals.
The Startup Scene is one of such places and we are truly lucky to have them on our team.