Often life’s best lessons are learned not from experts but from children, writes Manar Al Hinai. Getty images
Often life’s best lessons are learned not from experts but from children, writes Manar Al Hinai. Getty images
Often life’s best lessons are learned not from experts but from children, writes Manar Al Hinai. Getty images
Often life’s best lessons are learned not from experts but from children, writes Manar Al Hinai. Getty images

Five lessons entrepreneurs can learn from children


  • English
  • Arabic

During weekends, an activity that I look forward to most is the time I spend with my eight-year-old cousin. We would always have something new to do, whether it is playing pretend with her dolls or solving puzzles when she would visit.

However, the part I most enjoy is when I become curious about the most banal things in life, such as following ants to see where they take bits of food or examining seashells that we collect from the beach.

Although my cousin looks up to me for answers, I admit that I learn so much from her. Below are some valuable lessons that entrepreneurs can learn from children.

The importance of curiosity

In your daily grind, you may not have enough time to be curious the way you once were as a child. The time I spend with my cousin reminds me of the importance of questioning things and to not take everything for given, especially in business. She would always ask me why a machine worked in a certain way, or why we couldn’t do something differently. Curiosity not only expands your horizons and helps you learn about other topics, but I believe it’s a key ingredient behind innovation.

Think outside the box

My cousin always finds ways to improvise. When we wanted to eat cake but didn’t have the ingredients to make one, she piled pieces of fruits on top of each other, and made her own version of a cake. She reminds me of my childhood and how, as children, we were imaginative enough to get what we wanted. This is important in business, especially when entrepreneurs are stuck. Bring out your inner child, and think of creative ways you could come up with a solution.

Ask questions

During the time we spend together, my cousin would ask me various questions, and wouldn’t think twice about it. As we grow older, entrepreneurs may feel shy to ask for guidance, or we may not want to appear uninformed. I used to feel that way at the beginning of my career, but then I realised that even the most accomplished entrepreneurs have a team of advisers, or mentors. My cousin taught me that no question is stupid, and that by asking questions, not only will we get to know the answers we are seeking but it will also help us to make quick decisions.

Taking risks

When I was a child, I would try new games all the time. I didn’t conduct risk assessments or think things through for the long run. While that doesn’t mean that we should live life without caution, we should be open to taking risks. Entrepreneurship is all about taking risks. Things may turn out exactly as you had anticipated or you could lose everything. But that’s the beauty of it. Think things through, but also don’t be afraid of taking risks. You would never know an outcome of something unless you tried. What you wish for could lie on the other side of risk for you.

Having fun

I love having my cousin over because I know I will be too busy to check my phone since I will be having such a great time with her. As entrepreneurs, we’re often guilty of working all the time and that could negatively impact our well-being. Earlier in my career, I did not know how to tune out on weekends and that left me feeling burnt out. I resented my work until I knew I had to schedule in time for fun the way I did for work. Not only did I learn how to calm my mind, but I also fell in love with my work all over again.

Sometimes life’s best lessons are learned not from experts but from children. Don’t be afraid to let your inner child out.

Manar Al Hinai is an award-winning Emirati journalist and entrepreneur, who manages her marketing and communications company in Abu Dhabi.

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Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.

Male 54kg Round 1

Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; ​​​​​​​Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; ​​​​​​​Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.

Male 57kg Round 1

Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.

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Female 45kg quarter finals

Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.

Female 48kg quarter finals

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Female 57kg quarter finals

Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

 

 

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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