Starting a business online was "so easy," says Anas Hameed, founder of anasflowers.shopmarkaz.com, a luxury online florist.
Starting a business online was "so easy," says Anas Hameed, founder of anasflowers.shopmarkaz.com, a luxury online florist.

Teenager plans online business empire



ABU DHABI // He is just 17 and recently took his A-levels, but Anas Hameed is already harnessing the power of the internet to take his first steps on the road to becoming a self-made millionaire.

It is a month since Anas launched an online division of Luxury Flowers, a chain of 12 florists in Dubai and Sharjah. So far, he has been investing his time heavily in taking orders and marketing his business. But in hard cash, he has spent a mere US$10 (Dh36.7) for the right to register anasflowers.shopmarkaz.com as a going concern online. And whenever the site makes a sale - there have been only one or two a week so far - Anas takes a 15 per cent cut.

Anas, who is from Pakistan, attended several high schools before completing his secondary education with private tutors. He has applied to several schools to study business and administration but does not yet know where he will go. "I want to study as much as possible, but also work for myself," he said. "You never become a millionaire if you work for someone else." He dreams of gaining an MBA from Harvard University and ultimately, making it onto Forbes' annual list of the world's richest people. "Now it is much easier than generations before me, because we have the internet," he said.

"There is so much potential to make money online." The web is launching a new generation of like-minded businessmen, said Mehdhi Hassan, the president of the Pakistan Business Council. "The internet is having a significant impact. There is a shift now. Young people fresh out of college are no longer waiting for employers. "They are getting more active, not simply within their own field but in anything they can put value to.

"How successful people are is another matter, but the issue of using the internet in business is contagious. It is catching on." Anas' brainchild was to identify an established business for which he could set up an online outlet, hitting on Luxury Flowers for his first venture, as it is owned by a family friend. Although there are already flower shops selling their goods online, he is not aware of anyone doing it in the same way.

Starting a business online was "so easy", said Anas. "Much easier than I thought it would be." And Anas is certainly not resting on his laurels. His next venture is to set up an online shop to sell imported iPhones and iPads. "There is a huge market for them in the UAE at the moment," he said. "It's not set up yet, but we are hoping to do this in the very near future. We hope they can go for a high price and it will be a success." Anas gained some early encouragement at a private session with an online entrepreneur, Amir Anzur, who used to work at Abu Dhabi Education Council.

"If you understand how the internet can help you, then you can make money," said Mr Anzur, 33, a British Pakistani. "Few people in this region appreciate its power." Mr Anzur, who moved to Dubai in 2007 to work for the Knowledge and Human Development Authority, and later founded the Dubai-based Webpreneur University, will hold his first weekend group seminar later this month. Another of his proteges, Shirley Roeloffze, 63, a South African motivational speaker, was hired three years ago by the Abu Dhabi Government to coach hundreds of its senior managers.

In recent weeks she has transferred her own business online - at minimal cost - after advice from Mr Anzur. "I am not someone who has ever used social media," she said. "I don't want to tell the world what I am doing every day. "But I realised the huge marketing significance of programmes like LinkedIn and Facebook. It was transforming." aseaman@thenational.ae

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Habib El Qalb

Assi Al Hallani

(Rotana)

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Company%20Profile
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
UAE currency: the story behind the money in your pockets
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Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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COMPANY%20PROFILE
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Company%20profile
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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now