In general terms it can be stated that an entrepreneur is anyone that can organize and
utilize an opportunity or do a project effectively. Such individuals are normally characterized
as being innovative, independent and always optimistic in turbulent times. Apart from that,
they are hardworking and always take on risks and ready to handle them in order to gain or
learn. This essay discusses one Omani entrepreneur that has grown to become an influential
individual running five major companies. One major thing he says is that he has managed to
become successful due to the mistakes he made in the past, which helped him to learn a lot.
The above mentioned entrepreneur is Qais al-Khunji, who is a 35 years old man. He
has knowledge in business and banking, which has enabled him to establish five major
companies. He is also skilled in analysis and is the key laboratory analyst in the oil and Gas
Company as well as the international training company. He has a bachelor’s degree in
business information systems from University of Leicester, USA. He has been a banker for
long together with running and managing their family business, but decided to create and run
his own ventures.
According to him, it is difficult for a business to survive in the Sultanate of Oman
because it has a small market, making it difficult for a business to grow fast. For a company
to grow fast, one must have a unique idea and have strategic management skills to help in
achieving of company goals and objectives. In such a market, one has to work hard and be
speedy in changing and implementing strategies due to the changing marketing needs and
trends. This is tricky for most managers especially for upcoming companies. According to
Qais, activities related with training and investment are the most successful at the present
moment, which fits well in the oil industry and guarantees increased production. Qais reports
that he had a lot of difficulties in reaching the target consumers and setting the most efficient
marketing strategy due to poor market study and analysis, but has managed to progress due to
his confident and optimistic employees. He states that the employees are able to work hard on
projects and achieve the set goals, which has steered the company to where it is today.
Qais also reported that he had very minimal problems with funding because he had
the best person to deal with financial issues. He advices start up entrepreneurs to seek funding
assistance from government sponsored initiatives such as Al-Sharif an...