Acquiring an On-Demand Business: Our 3-Month Transformation

Hello everyone! I’m Rabiye, Entrepreneur in Residence, and I’ve come from Germany for my internship here in Dubai. Together with Samar, we’ve embarked on an exciting project. Our goal is to acquire an existing and already profitable business whose owners are looking to retire. In this blog, I want to take you along on our journey and share the exciting steps and challenges ahead of us.

Why do most Businesses fail?

Before diving into the details of our project, it’s important to understand why many businesses fail. The most common reasons are:

Lack of brand building: Many businesses struggle to establish a strong and recognizable brand that sets them apart from competitors.
Understanding of technology: In today’s digital world, a good grasp of technology is essential. Many fail because they lack this critical component.
Marketing budget: Without sufficient budget for marketing efforts, growth often stagnates, and businesses struggle to reach enough customers.

Our Project: Acquiring an Existing On-Demand Business

Instead of starting a new business from scratch, we’ve chosen a different path. We aim to acquire an existing, successful business that has already established itself in the market. This strategy offers several advantages:

Already profitable: The business is already generating profits, providing us with a stable foundation
Established team: An existing team knows the internal processes and can support us during the transition.
Quick startup: We can hit the ground running without the long lead times typical of a startup.

Our Plan

Our plan involves taking measured steps and relying on proven methods:

Consultation: An experienced advisor will help us navigate the acquisition smoothly and avoid potential pitfalls.
Understanding of technology: It’s crucial that we have founders who possess a deep understanding of technology and are willing to invest in it.
Financing: Investors and bankers play a crucial role in financing the acquisition, ensuring we have the necessary funds to successfully continue operating the business.

A Few Words of Caution

It’s important to have realistic expectations. This approach does not necessarily lead to quick venture capital funding. Instead, it’s particularly suited for businesses aiming for slower but steady growth while remaining profitable.

Why We Chose This Path

The idea to acquire an existing business arose when we considered the challenges that new startups often face. An existing business has already proven that its business model works. By purchasing such a business, we benefit from the existing structure and customer base, giving us a significant advantage.

Closing Words

Our project offers an exciting opportunity to acquire and continue operating an existing and successful business. We look forward to the challenges ahead and to sharing our experiences with you. Stay tuned and join us on this thrilling journey!

See our Journey here,