Case Study
Case Study
Case Study
CASE STUDY
ENTREPRENEURSHIP COURSE CODE: BAMG 2111
But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even
though this means losing. I consider the benefits to be in learning and failure a step towards success,”
he says. Al-Khonji is not your typical entrepreneur; you wouldn’t necessarily meet him at an
entrepreneurship event, or watch him pitch his startups to investors.
He's started five startups in the past three years, and he's embraced failure with most of them, closing
down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be
my own boss and work at what I love doing,” he confessed. Al-Khonji focuses on the importance of
applying a lean methodology in Oman and reveals some of the challenges entrepreneurs from family
businesses in the Gulf might face.
The son of a well-to-do Omani family that runs real estate business Mohamed and Ahmed Al-
Khonji in the U.K., Dubai and Oman, 32-year-old Al-Khonji worked in banking for many years and
now makes a living by advising four of his family companies. Yet in 2010, he decided to throw
himself into entrepreneurship, starting by launching his first company, Qais United Agency, which
imported and sold Chinese water filtration systems in the Omani market. After 18 months, in mid-
2011, Al-Khonji closed it down because it didn't get the traction he w 2as hoping for.
Then, in early 2012, he launched 4 startups at once, offering services in very different sectors,
including education, health tourism, an electrical freezing technology, and digital meters for water and
electricity. Three of them failed, he says, again because they didn't succeed quickly enough, and he
wasn't motivated to stick it out.
Now, he is focusing on his digital meter company, hoping to build it into a “long term business," he
says. "It will take some time to pick up and make revenue.” He's also working as a reseller for
Thermax, an Indian engineering solutions company in Oman, and is in the process of launching solar
energy products. Shifting from a family business to a completely new entrepreneurial mindset is not
something that happens overnight, but moving towards a lean approach could help him find better
product-market fit. Here are a few lessons to take away from his story:
1. It’s important to focus. Al-Khonji is embracing what could be called the spaghetti approach: throw
several things against the wall and see what sticks. “We want to start a new company every year in
March, as this is when I receive my yearly salary. And we are always in the process of looking for
people with the know how to launch a startup. This is our new philosophy,” he says. He's working
hard to launch viable ideas, and embraces each failure as it comes, but perhaps could use a bit more
focus. Lean approach: Take it one startup at a time.
3. Know your customer. During his work on Qais United Agency, Al-Khonji admitted that he
imported products that ended up not surviving in the market. Because the Omani market is very
small, and monopolized by strong international brands, his Chinese products didn’t have a chance,
he says, and it was difficult to convince consumers to buy them. At the time, he didn't realize how
important the quality of the product was. Perhaps in Oman, a services company is a lower hanging
fruit, he decided. Lean approach: Test the customer's appetite for your product or service before
launching.
4. Know what you love. There's always a balance between launching something that the market needs,
and something that you want to build; if you're too in love with your own idea, you might not listen
enough to the market. However, it's also important to have a passion for what you're building.
While chatting with Qais, I noticed that he is not building any of the startups out of passion. He's
passionate about business, but not any of his specific initiatives. It's great that he's creating job
opportunities in Oman and contributing to the economy, but as an entrepreneur he might not be able
to stick to an idea unless he can put his heart into it. Lean approach: Find your passion.
Al-Khonji is, at his core, an aspiring lean entrepreneur; he advises other entrepreneurs to have
patience, focus and have the courage to lose. “Try more than once before you give up, and be very
focused on your work," he says. "I like to try and learn even though this means losing, the benefit is
in learning and failure is a step towards success.”
By making the leap into entrepreneurship from a family business, and by not being phased by
failure, Al-Khonji could be an example for others to follow who work in family businesses; he
might be able to lead a generation into a new mindset in Oman.
Source: Maya Rahal,(2013):http://www.wamda.com/2013/08/four-lessons-failure-omaniserial
entrepreneur
Q1. What are the reasons of Qais Al-Khonji business failure initially?
Q2. Explain in your words what you understood by spaghetti approach?
Q3. Why do you think it is important to do a market research before one starts up with a
venture?
Q4. What approach Qais adopted to become successful entrepreneur? List out the points
featured in such approach?
Q5. What lessons did Qais learned from his failure?
The role of women entrepreneurs has been growing and progressing throughout the world. To create a
balance between work and home is not easy, especially in the Arab world, and particularly Oman
where the socio-cultural expectations are highly challenging. For women, raising a family in itself is
not an easy task and beyond it successfully running a business adds additional responsibility. Women
demand social, institutional and family support to succeed in their efforts. To ensure the success of
women in their ventures, there is a clear need for supportive policies, education and training
opportunities, understanding from the community, establishment of a communication system, and
work-related assistance.
Women constitute 33 per cent of the Omani population (World Population Review 2016), and
women’s participation in higher education in Oman is around 58 per cent (Times of Oman, 2016). The
number of Omani women working in ministerial and government offices, boards and specialized
centres in the public sector (health, community, social, etc.) grew at a rate of 133 per cent, while the
a) Market
b) Market and customers
c) Customers
d) Business plan
2. What is NOT a question that would determine feasibility? Select your answer and explain why?
3. What must be discovered before choosing a business? Select your answer and explain why?
a) Interests
b) Expectations
c) Marketing
d) Staffing
4. Personal interests should _______ feasible business ideas. Choose the correct word and validate the
statement?
a) Be separate from
b) Include
c) Avoid
d) Overlap with
a) Experience
b) Interest
c) Expertise
d) Competition
6. What is a good source of experience? Select your options and explain why?
a) Interest
b) Education
c) Work
d) None of the above
7. Education and training create ________. Choose the correct word and validate your statement?
a) Feasibility
b) Expertise
c) Interest
d) Experience
8. What should you do if you lack expertise? Select your option and explain why?
9. Why did Amal choose not to become an entrepreneur? Select your option and explain why?
a) Interest
b) Family
c) Not feasible
d) None
10. What did Amal discover after losing her job? Select your option and explain why?
The purpose of a feasibility study is to determine if a business opportunity is possible, practical, and
viable. It is a preliminary study undertaken before the real work on the business idea is started to find
out the chances of success with business. It serves as a valuable tool for developing a winning business
plan.
When faced with a business opportunity, many optimistic persons tend to focus on its positive aspects.
A feasibility study enables them to take a realistic look at both the positive and negative aspects of the
opportunity.
A feasibility study helps to make the Go / No go decision with the business idea. Once you have
definitely decided to go ahead with the business idea, it’s a point no return and there is usually no
turning back.
A feasibility study is not a business plan. The separate roles of the feasibility study and the business
plan are frequently misunderstood. The feasibility study provides an investigating function. It
addresses the question of “Is this a viable business venture?” The business plan provides a planning
function. The business plan outlines the actions needed to take the proposal from “idea” to “reality.” A
business plan is prepared only after the business venture has been deemed to be feasible.
If a proposed business venture is considered to be feasible, a business plan is usually constructed next
that provides a “roadmap” of how the business will be created and developed. The business plan
provides the “blueprint” for project implementation. If the venture is deemed not to be feasible, efforts
may be made to correct its deficiencies, other alternatives may be explored, or the idea is dropped.
TRISTAN WALKER is the founder of Walker & Company, which makes health and beauty products
for people of color, and Code 2040, which fosters and supports minority engineering and tech talent. A
former executive from Twitter and Foursquare, Walker pitched multiple ambitious, high-tech ideas to
the venture capitalists at Andreessen Horowitz before discovering a relatively low-tech business that
was in front of him all along: the Bevel line of shaving products.
On asked about the best advice he ever received he mentioned: Actor and producer Tyler Perry said he
realized his potential as an entrepreneur after he figured out that the trials you go through and the
blessings you receive in life are the exact same things. The trials you go through are blessings in
disguise. It has given me a lot of peace.
About his opinions on difficult lessons he learnt on job he said: The importance of authenticity. After
leaving Foursquare, I spent seven months as an entrepreneur-in-residence at Andreessen Horowitz. I
wasted a lot of time in the beginning. I tried to think of the most ambitious thing I could do and
pitched them on building a bank, tackling diabetes, even disrupting freight and trucking. Ben Horowitz
was honest with me and told me I wasn’t the best person in the world to solve those problems. In
retrospect, I was trying to make other people happy versus pursuing things where I was an expert. I
thought about doing hair products for women of color and talked myself out of it because I worried
what people would think of me. Throughout my life I heard a lot of yeses, from getting accepted to
boarding school to interning on Wall Street, then going to Stanford and working at Twitter and
Foursquare. All of a sudden I was hearing, “No. This isn’t a good idea.”
On asking about one thing that enabled him to be a successful entrepreneur he said: I would not say I
have been successful yet. We still have a lot of work to do. My brother taught me early on that you
don’t get what you don’t ask for. I always go the extra step. If someone else asks once, I will ask six
times until I get the thing I want. That has led to more opportunities as well as more innovation. One
example is our logo. We have printed the Bevel logo on our razor heads. It’s a curved metal piece
inserted into another metal plate. When we were first designing it, manufacturers told me it was
impossible. I flew to China to meet with our manufacturing team, and we sat together in a room for 24
hours until we came up with the most compelling compromise. It was just a matter of asking, “Why
not?” enough times.
On coming up with best ideas he mentioned: I come up with a lot of ideas and 99% are crap. When I
hire, I find people who are so good at what they do that they filter my ideas down to the good ones.
Together we can get to a place that is reasonable and realistic but also pushes boundaries of innovation
to not be safe.
He believes is greatest achievement to be not forgetting who I am and where I came from. Some
people let success get to their heads. I have tried to stay true to the values and principles that are
important to me: my faith, family, and work. Anything outside of that is a distraction that prevents me
from doing what I want.
CHAPTER 1:
CASE STUDY 1.1 –MANIS‘S CAFÉ - YOUNG OMANI ENTREPRENEUR CLIMBS UP SUCCESS LADDER
Steady growth
“We’ve built the company from scratch and have grown steadily since,” she said, adding that “Mani’s”
is also the nickname of her sister Manahil.
“Our goal was to create a place where one can savour life’s small moments,” Al Adawi added.
The mother of three pointed out that starting a business from scratch has given her the freedom to be
creative and the opportunity to learn quickly and react to customer’s needs.
The entrepreneur said Mani’s Cafe is live and active on all social media platforms and has a website to
promote and market the café’s menu and catering services.
“Travelling the world and following what we’ve dubbed as ‘the new food movement’ inspires us to be
innovative and to offer new foods and preparation methods at our cafes and catering service,” Al
Adawi stated.
Asked about how networking helped her step up her game, Al Adawi said networking has helped her
foster relationships with new clients and maintain relationships with the existing ones in a personal
way.
“Through networking, we have had many referrals for our catering service and word about our and
cafe has spread organically,” she said, adding that meeting and interacting with clients, suppliers,
friends and bankers face to face, had helped the brand retain a personal human identity. Al Adawi will
join hundreds of high-level business leaders at a B2B (business-to-business) networking event.
Billed as the most influential business networking event in Oman, B2B was held on February 9, 2016,
with this year’s special theme entitled, “Leadership.”
Sourse by By Hassan Shaban Al Lawati [email protected]
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2. What are the key benefits of networking in the success of her business?
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a. What is the turning point in the life of Ahmed to start his business?
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Khalid Al Suwaid is a 22 years old Omani entrepreneur, who has earned his Bachelor of International
Business from the Queensland University of Technology.
His business project, "Love at First Bite" is Oman’s first themed Lounge. It
provides an exciting dining experience that brings together three different
themed settings: a Sicilian walkway with street lights and a wishing fountain,
a brightly coloured 1001 Arabian night’s tale dining area and a French palace
lounge and bedroom. The lounge is located in Shatti Al Qurum.
With an increasing number of guests dining out in Muscat, Love at First Bite is not simply an addition
to the market, but a vibrant, fresh and modern perspective on the hospitality industry in Oman. From
the original and freshly inspired décor to the out-spoken staff also known as ‘Guest Specialists,’ Love
at First Bite strives to differentiate itself with an innovative menu featuring fusion dishes and an
exceptional ambience to compliment the overall dining experience.
Khalid started with 7 employees and has added 5 new employees to the team within 6 months from the
inauguration of the lounge. Based on demand, the lounge is now open for lunch as well as dinner.
website:www.bitelounge.com
Questions:
CASE STUDY 2.1 – SUCCESSFUL ENTREPRENEURS SAY THERE’S NO LOOKING BACK NOW
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"We had this idea for quite a long time. Women's fashion is in demand in Oman. Many women want
to look good when they wear clothes and most of them will not want to repeat the same clothes in
weddings or other events. We thought of testing the market three months ago and we have been quite
successful so far," 23-year old Sama told Thursday magazine.
They have already sold a number of clothes in that short span of time but the biggest challenge they
face is not to market their product but to find time with the pressing demands of their academic work.
"We are still students and we have classes to attend, assignments to write, presentations and sit for our
examinations. It is not easy to divide ourselves into two separate lives and ambitions. We have to
achieve good grades but at the same we don't want to abandon our new business since we already see a
good potential ahead of us," Heba, who is in the same age as her business partner, explained.
They also know that being proactive and go for opportunities are key to their business success.
"We have to start here because our fellow students we have around us are not only our present
customers but future clients as well. They will have more money when they go to work but the most
important thing we have already established a business relationship with them and they will always
come back to us for their fashion needs," Sama explained.
Earlier this month, state-run Al Raffd Fund has announced a soft loan of RO1,000 for higher education
students for their business start-ups. Al Raffd Fund also has loan schemes starting from RO10,000 to
RO100,000 available to all Omani citizens from the age of 18 to 55. Some banks also encourage
young people to start SME projects with easy financing credit to help them realize their
entrepreneurship dreams.
But for Sama and Heba, bank financing would come later and perhaps they may never need to go into
that route. They rely on a pool of resources around them such as advices from teachers, parents and
training they acquired from local-based designers. But above all, the two women have a lot of
"It is not going to be easy to establish ourselves in this very competitive trade. We still need to
graduate so we can go to work. The money we get will finance our business. We are good in dividing
ourselves into two tasks. Our plan is to work for five years and then devote 100 per cent to our
business and we are not planning to fail in our ambitions to become our own bosses," Heba said.
Both women admit that launching a business from college or university campuses is never an easy task
but with better coordination and all-round support it can be achieved.
"If we did not start here I don't think we would have done anything about it after we start work," Sama
explained, "here we have the drive and energy and it will be easy to continue after graduation."
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2. What are the resources they have preferred for their business?
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“It is nice to watch those experienced women weave palm fronds, mould potteries, process animal
skin, and weave textiles. Most of them gather in the Majlis during the day and they work like a family.
I also encourage young girls who have just finished school to engage themselves in the work. Now, I
am happy to see that they are competing with the elders,” she says.The artisans begin the work on
products after Zuwaiana provides them details on the design and dimension. “Sometimes, I accept the
ideas of the artisans as they have been doing this for a long time,” says Zuwaina.
Of all the beautifully crafted products on display at Zuwaina’s Madinat Sultan Qaboos outlet,
Alghadev palm products are her favourite. The baskets and bowls made out of Alghadev palms and
camel skin are much sought after gift items these days.
“Women from Al Wusta and Dhofar governorates have a rare skill to manufacture these products.
They put palm fronds in camel milk for 10 days before weaving the baskets. These women are experts
in processing camel skin too, which is sewn into the final product. It can be used as a decorative item.
The Alila Hotel in Jabal Akhdar has decorated its walls, rooms and corridors with more than 400
pieces,” explains Zuwaina.
At Dar Al Herfya, one can find products ranging from OMR6 to OMR600.
“Handmade products cost a lot. I do not bargain with the artisans as I value their efforts,” she says,
adding, “Apart from corporate entities, we also market our products among tourists and residents, and
aim to make Omani handicrafts popular all over the world.”
The company works directly with the artisans to ensure that the products are consistent with
international standards and meet the demand of clients. Aiming to be a global platform to showcase
Omani products around the world, the company protects Oman’s heritage and supports national
economy.
Dar Al Herfya caters to the needs of businesses and individuals who seek unique Omani gifts. The
company works directly with Omani craftsmen in a bid to ensure high quality goods and preserve
Oman’s deep rooted heritage. Most of the items are produced and designed by young, talented
Omanis. All the designs are derived from deep-rooted Omani culture and heritage.
Source: Timesofoman.com
1. What are the factors that lead Zuwaina to leave her top corporate job and become an
entrepreneur?
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2. What are the challenges she faced initially?
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3. How Zuwaina’s business help in strengthen the Oman’s Economy.
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CASE STUDY 2.4- CAKE GALLERY -THE SUCCESS STORY OF AN OMANI WOMAN ENTREPRENEUR .
"Significant efforts were undertaken till this project was able to see success. When I first started
business, my aspiration was to contribute with a precious project for Oman," Etab said, adding: "Cake
Gallery's success is certainly attributed to the dedication and commitment of its team. Besides,
competitors are always there, yet I always hunt for distinction in what I do through what I offer to the
customers to make them happily satisfied."
When asked on her role models in life, Etab said, "First comes my father who strongly believes in the
talents and capabilities of Omani women. The support he provided since the first start of my project
was overwhelming.
"He was always there, and he still gets updated on the performance of my projects. Besides, the
support that comes from my husband is noteworthy.
"He has always shown a great support since he has a great background on the market and has been in
the industry for a long time. I must also mention the management support I got from Al Balushi
Investment LLC, which was also vital for my business."
Etab also had a passion of contributing with a project for the children; therefore she initiated a shop for
birthday preparations as well as a hall for birthday parties. In addition, she opened a ladies salon.
Malak Al Shaibani, director general of NBC, emphasized that women represent the second half of the
society and they are able to make a difference in the society.
"Najihat programme, which is being organized with the support of the National Bank of Oman, comes
to show support and empower the women entrepreneurs in the community," she said. On her part,
Asila Al Obaidani, relationship manager at National Bank of Oman, said: "Since the National Bank of
Oman pays a great attention to the SMEs in Oman, we are privileged to be supporting NBC's Najihat
initiative," Asila commented.
NBO offers Tijarati Banking, which is the banking partner of choice for SMEs across the Sultanate. In
addition to an extensive country-wide branch network, including Tijarati and Sadara Centres and cash
The SMEs can take advantage of the services of dedicated Tijarati Banking Relationship Managers
who hand hold the SMEs through their banking requirements.
Supported by the National Bank of Oman, Najihat programme consists of four sessions every three
months where ladies meet in a location of a business lady (owner) who shall share her fruitful
experience in the business arena and how she started her venture.
The series of Najihat sessions aspires at utilizing the skills and knowledge of Omani women and
highlighting inspiring stories of successful women leaders in the business field, as well as encouraging
other talented entrepreneurs to start their own ventures.
Questions:
1. What are the key factors for the success of Etab Al Zadjal?
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3. Do you think that NBO is providing support services for Entrepreneurship activities in Oman?
If so, write them.
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Miniatures of well-known landmarks are available at all tourist destinations, but this was something
Oman was lacking. “While small tokens such as pens, and refrigerator magnets are widely available,
and handicrafts tend to be on the expensive side, my detailed miniatures give tourists other options.”
While the idea was straightforward, its execution was a challenge. “I searched for materials and
techniques to use. I found designers, sourced materials and evaluated factories. The biggest problem I
faced was finding factories which could undertake such detailed work. The designing stage was very
difficult.”
Sawaei is in the final stage of negotiations with several outlets. “The miniatures should be available at
select shops in the near future,” he said.
Sawaei said that besides tourists, the government and private sector too have shown interest in his
work. Because of his ability to produce exclusive miniatures, companies approach him for making
scale models of their future projects to gift to visiting delegations. The first miniatures which will be
available to the public will be of the Sultan Qaboos Grand Mosque, the Al Alam Palace, and the Riam
Incense Burner.
Read more: http://www.muscatdaily.com/Archive/Oman/Omani-entrepreneur-to-market-miniatures-of-country-s-architectural-
landmarks-4ibx/(language)/eng-GB#ixzz4Bjjf61JC
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CHAPTER 4:
CURRENT STATUS: Recently won contracts from Ministry of Tourism and sports goods maker
Uniboats, earnings around RO5, 000-6,000 a month
Memories Studios in Muscat introducing services on Shooting Weddings for Male & Female,
Graduation Ceremonies, Shooting Models, Artwork Designing, Printing & Drawing on T-Shirts, and
much more.
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4. Is Photography business suitable and profitable in Oman? If your answer is yes, write the reasons.
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Four young Omani entrepreneurs have come together with a concept that is
attracting holiday-makers from in and outside the sultanate Team leader,
Al Hassan Mohammad al Zahli said it is the love for nature that inspired
them to begin Caravan Project for Camping. Speaking to Muscat Daily,
Zahli, said, “We wanted to start something that will not just showcase
Oman’s tradition but also help people be in touch with the country’s
natural beauty. We started with just one motorhome. The response was so
good that now we have four motorhomes.”
He said that the project cost over RO100,000, adding that at present they are
focusing only on domestic tourists.
“We offer mobile tourist caravans on rent with or without drivers for trips
across Oman. Though we have been receiving enquiries from international
tourists as well, we are currently focusing more on domestic tourists.
“We want to show both citizens and expatriates how beautiful Oman is. We
organize trips to the Sharqiyah Sands, valleys in Sharqiyah (Ibra, Sur and
Tiwi). We also offer camping at beaches in Azaiba, Al Sawadi, Suwaiq and
Sohar.”
Speaking about the challenges, Zahli said, “We had to face a few difficulties
while we were setting up this venture as the concept is quite new to the
country and there were procedural delays as well.
“Maintaining the vehicles are also difficult in Oman so we have to take them
to the neighboring countries for repairs. But, our patience has paid off.” Zahli
hopes that soon the tourism sector will contribute to the national economy in
a big way and their project will be an example for the country’s youth.
“I hope that soon tourism sector revenues will contribute to over 50 per cent
of the national economy. I request all Omani youth to come forward and work in the tourism sector
and create more job opportunities.”
Profit is not the group’s only aim. “We have also worked with some government and semi-government
agencies in organizing awareness activities as part of our social responsibility initiatives,” Zahli said.
Sourse: http://www.muscatdaily.com/Archive/Oman/Four-Omani-entrepreneurs-start-caravan-camping-to-
lure-tourists-4qgn/(language)/eng-GB#ixzz4Bjfbxnke
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