Monday, August 31, 2020

5 best freelancing courses in 2020

5 best freelancing courses in 2020

1. Quick money through freelancing

Freelancing jobs are getting popular these days. Most people prefer to do freelancing jobs from the comfort of their homes. This course is designed for freelancers who want to start a side hustle as a freelancer and make money as a result.

A lot of freelancers in Dubai are beginning their journeys. They are in the search of the courses that will educate them on the subject matter

This course provides you with the basic guidance needed to be a good freelancer. In this course, you will learn things from scratch. This course is designed for beginners and aims to make you aware of different freelancing platforms.

You will also get multiple tips on methods to increase the demand for your products and services without spending a lot of money on marketing. The instructor will guide you about the skills needed to turn your potential clients into a long-term business opportunity.

This course is brought to you by Permanand Doraiswamy. He has the expertise of more than 5 years in the freelancing industry. He charges AED 74 for the course in which he provides 1 hour-long video. These videos can be downloaded and seen on any ios or android device conveniently.

He is providing the freshers with one of the cheapest courses. People from all around the world have been benefited from his classes. Therefore, it is the perfect opportunity for a freelancer in Dubai to avail.

2. Beginner’s guide to freelance

This course is specially designed for people who want to earn the money but do not have the knowledge or the skills but are eager to learn.

This course will teach you how to establish your own freelancing business. It won’t only give you ideas on how to start an enterprise but will also give you tips on how to grow your business and attract more clients.

In this course, you will learn to make use of your resources effectively to generate income. The tutors will teach you to pick the best freelance niche that you can easily manage.

Lastly, this course will enable you to learn about dealing and communicating with the clients. The instructor will train you on ways to deliver your services and products like a professional.

In this class, you will get a 3.5-hour video lecture which can be accessed through any device. Adding to your convenience, the video can be downloaded on your phones and laptop for future use as well.

This course is taught by John Morris and the charges are AED 36.73 only. This course is very economical, thanks to a discount.

This is an amazing opportunity for freelancers in Dubai who are willing to be educated. They have to invest very little money and in return, this course will help them make it a career in the long run.

3. Freelance Bootcamp – The comprehensive guide to freelancing

This course is headed by Jordan Hudgens and is excellent if you wish to kickstart the journey of a freelancer. In this course, Mr. Jordan will guide you on effective methods to make your resume and portfolio that clients get impressed by immediately.

He will also train you on how to manage the projects and meet deadlines while keeping the quality of work intact. In this course, you will also learn how to start your own freelance business, earn the profits, and will be guided on the tools needed to achieve success in this field.

At the end of this course, Jordan will give you assignments that will further enhance your skills. These assignments will be based on real-life situations to give you a better estimate of reality.

Jordan Hudgens, the course master is himself an expert freelancer and was able to earn a fortune through this. He is a successful freelancer and has earned around 3 million dollars in a year.

His previous students have also rated his classes 4.5 out of 5 and have praised him with kind words. His courses are usually expensive but you might find them at discounted prices on special occasions.

With the help of these classes, freelancers in Dubai will get a push to begin their journey in this field.

4. Freelancing 2020: Freelancing guide for absolute beginners

This course will teach you the basics of freelancing, the use of Fiverr, working from home, and easy conversion of the skills into the revenues.

In this course, you will learn how to expand your reach through Fiverr. The tutor will inform you about the common mistakes made by freelancers that disappoint the potential clients. This lesson teaches the usage of modern applications that are helpful for freelancers.

This course is taught by Shubham Sardha. She is a freelancer with experience of 6 years working with clients from all over the world.

Many freelancers in Dubai have taken classes from her and they have left good reviews about her. Oftentimes, her courses are also on sale. She normally charges AED 35 per course in which she provides multiple 1.5-hour lecture videos that cover all the basics of freelancing.

5. Freelance mindset – become an unstoppable freelance force.

This course is specifically designed to help freelancers in building a strong mind and earn more. In this course, you will learn all the tricks and techniques needed to improve your thinking process.

With the help of this course, you will be able to achieve the willpower needed to reach all your aims in the field. You will be motivated to work harder.

This course will provide you with the confidence to contemplate investing in the freelance industry. After this course, you will be able to create a strategy and make your way to a freelance marketplace.

This course has been started by Lex Deville in 2020 as she felt that the beginners lacked confidence. You will have to pay AED 35 for this course in which you will get 33 lectures, each 1.5 hours long.

This course is beneficial for those who feel insecure or lack courage before making any decisions.

However, if you are searching for successful freelancers in Dubai, you can checkout Bawabba. It aids you in hiring the best freelancers that are perfect for your tasks.

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Top 10 essential paid tools used by content writers in 2020.

Top 10 essential paid tools used by content writers in 2020.

1. Grammarly

Grammarly app was created by a group of American authors On 1 July 2009. It’s an American company that offers essential writing tools. It is a text editor. Grammarly App offers the following things:

1. Grammar checking

2. Spelling checking

3. Giving related synonyms.

Grammarly helps in improving your writing. It immediately highlights any mistakes in your write-up. It is easy to use. You can even use Grammarly on your mobile phones.

Content writers in Dubai have been using Grammarly for content writing, scriptwriting, and research papers. They prefer using Grammarly rather than hiring an editor.

Grammarly’s monthly subscription costs 110 AED. An annual subscription costs 514 AED.

2. Ideaflip

Ideaflip provides you with online sticky notes. These sticky notes help the content writers in brainstorming their ideas. With ideaflip, the content writers get a chance to discuss their ideas with their teams as well.

This is a very good tool for a group of people who are working together on a single project.

The teams will be able to participate in the discussion from the comfort of their homes. You can formulate ideas with ideaflip whenever you want.

Ideaflip charges around AED40 per month. In this amount, you can create infinite notes. Two people are allowed to work together in this package.

There is another package that charges AED300 annually in which you can make unlimited notes and there is no team limit either.

3. Stack Edit

Via Stack edit, you can save your files offline in your browser. These apps make your writing easily accessible.

Most of the freelance content writers in Dubai have started using this app. Stack edit also makes it easier to edit your work and share it in different places.

This app also easily downloads all your files and synchronizes your work with the other documents. Stack edit is one of the cheapest apps available for the content writers.

It only charges AED 19 per year and further discounts are also available which ultimately reduces the overall costs.

4. Hemingway App

Hemingway App is used to find errors in your writing. It highlights all the long sentences in your content for you to edit.

The best part of the Hemingway app is that it highlights your mistakes in different colors. For example, the pink-colored highlight shows all of the complex sentences in your writing.

Common phrases and adverbs are shown in blue color. This app also tells the readability of your writing. It helps the writers make their content easy to read and understand.

This aids the writers to be confident in their work. Hemingway app also tells you the word count. This app is mostly used by content writers in Dubai and this app has brought convenience in the lives of the content writers.

The premium version of the Hemingway app is easier and cheap to use. It asks for a one-time payment of AED 74 and you can avail the services for the entire year.

5. Copy Scape

Copy Scape is a plagiarism detection app. By using this app, the content writers can check if their work is getting copied. They can check if their content is unique or not.

Copy Scape offers a free checking tool, a premium checking tool, and a copy entry protection. All three are best for plagiarism detection.

The premium package costs AED 18.36 for about 10 months. This app provides 500 free pages. And it further charges AED 0.9 per page.

Copy scape is one of the most user-friendly apps. Copy scape also provides useful tips to its users.

6. Ahrefs

With Ahrefs App you can see instant SEO metrics of the top-ranking pages. Ahrefs is extremely user-friendly and all reports are available with a single click.

The writer won’t need to copy-paste the entire writing into the Ahrefs for analysis. The Ahrefs App has gotten very popular amongst the content writers. About 50% of the content writers in Dubai use this app.

Ahrefs app’s monthly subscription starts from AED364(personal) to AED3600 (agency). While annual subscription starts from AED3200 (personal) to AED330000 (agency).

7. Push notifications

Via the Push notifications app, your content is most likely to reach more audiences. A lot more people will see your content if you use the right type of push notification app.

Push notifications app will help content writers in Dubai access more audience as compared to the Emails. The Push notifications app can be downloaded on your phone.

It is available on the web as well. However, it’s necessary to verify the type of push notification app you are using.

8. Buzz stream

Buzz stream is a software that helps the content writers in Dubai to promote their work. It helps them to build relations with brands and buzz by adding new websites and bloggers to their database as they browse the app.

You can also find the influencers on the buzz stream by searching simple keywords. It will look up the most suitable influencer for your work. Through the buzz stream, you can also analyze the person who is promoting your work.

Buzz stream’s monthly subscription is of AED 364. The app does not provide any free trials and can only be used on Google.

9. Yoast SEO

Yoast SEO is helping the content writers all around the world to master the search engine. With the help of the Yoast SEO, content writers can defeat their competitors as well.

Yoast SEO tries their best to please the visitors and the search engine spiders. It has a group of dedicated developers and SEO experts.

Yoast SEO’s monthly subscription is of AED 364 in which you will get 1 site and 1 year of free updates and support.

10. Hubspot blog topic generator

Hubspot is a platform uniting software, education, and a community to help businesses grow better every day. This website was created by a group of MIT graduates for the content writers.

Hubspot blog topic generator gives you new ideas for your blogs and websites every day. Hubspot gives you a free trial in the first month and after that, the monthly subscription is of AED 183.

This app is best for the content writers as it is affordable and easy to use.

Using these tools, these writers master their skills. There are a lot of experienced content writers in Dubai. You can find the perfect writer for your website on Bawabba.

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5 ways Dubai freelancers have been affected by the pandemic.

5 ways Dubai freelancers have been affected by the pandemic.

1. The demand for freelancers has decreased. 

The world has changed since the pandemic struck. People have changed their ways and are adapting to it. It has also affected the freelancers in Dubai.

As per a report, there is a 60% fall in the freelancing assignments. Compared to other freelancers, writers, photographers, designers, and makeup artists have had a huge downfall.

Because of the pandemic, people have stopped their extravagance. And now fewer people prefer to have their clothes designed or have their scripts written by someone else.

In this pandemic, they think it’s better to work themselves than paying massive amounts to the designers and artists. Similarly, because of the epidemic, all the weddings, fashion shows, and TV shoots have stopped.

This has put the jobs of photographers and videographers in danger. The freelancers in Dubai are not getting enough payments and are struggling to find better jobs. These freelancers have no option but to survive on their savings.

Many companies have also shut down their operations because of the pandemic as they were unable to manage the work along with a lockdown in the world.

The shutting down of the companies has caused many freelancers to lose their jobs.

2. Health in risk 

COVID- 19 is one of the most dangerous diseases that has spread throughout the world. The entire world is shaken by this pandemic. This situation is also hazardous for freelancers.

The freelancers are already worried about losing their jobs and getting infected with the virus also adds up to their anxiety. This includes freelance event planners and those who work on-site.

Because of this risk, the freelancers cannot perform the work that requires their physical presence. As a result, their work is getting dramatically redundant. Even if the freelancers get a job, the pay is excruciatingly low.

As compared to full-time employees, freelancers are not offered many benefits like sick leaves and health insurance. This puts a freelancer at a bigger disadvantage than a permanent employee working a corporate job.

3. In some cases, the demand for freelancers has increased. 

The pandemic has proved to be extremely disadvantageous for many freelancers, but it has proved to be a blessing for some. This pandemic has been a blessing for freelance doctors, nurses, and pharmacists.

Everyone from the medical industry is benefitting from the pandemic. As thousands of people are falling victim to the virus every week, working opportunities are increasing.

They all need medical attention. And since the hospitals are understaffed they have started to hire freelance doctors and nurses.

It is a very strenuous task to get a job in a well-known hospital. Although working at a hospital during the pandemic is very dangerous for the freelancers, they do get paid a handsome amount.

The same is the case with the pharmacies as well. Because of the Covid-19, pharmacies are now open 24/7, which means that more employees will be needed.

Ultimately, it creates a vacancy for a freelance pharmacist. In this way, freelance pharmacists benefit from the demand created in the market.

Due to the spread of the virus, people all over the world have been advised to stay at home. This would help in the prevention of the further spread of the virus.

This has increased benefits for the entertainment and media industries as well. Freelance entertainers and media workers have immensely benefitted from this opportunity.

As people are in lockdown, they prefer to watch entertainment channels, youtube, and Facebook. They use similar modes of entertainment to pass their time at their homes.

Since the cinemas and theatres are closed, freelance media workers and entertainers have seen a growth in their viewers. There has also been an increase in demand for more entertainment. This gives the opportunity to video editors and animators to put their skills to work.

4. As everything is online, freelancers have more ideas and skills in online work.

Usually, Freelancers in Dubai work online. Companies around the world are also adapting to new ways of doing business. Because of the pandemic, mostly all of the corporations have started to shift their businesses online.

There is a need for young people in the market. The reason for that is their close understanding of technology and the internet in general.

It is observed that most old employees do not possess enough expertise in the management of online work. As a result, companies have no option but to hire new people as a part of modernization.

They look for workers who have good experience in e-commerce or business management. They hire the freelancers that are qualified and have the skills to manage work online. This gateway has opened up a lot of opportunities for them.

Dubai is well known for having a lot of enterprises. A website like Bawabba provides them with the best freelancers in Dubai. They are extraordinarily talented, and they know how to work online as well.

5. More time to enhance their skills.

Because of the pandemic, some freelancers have been made redundant. Which means they have an opportunity to upgrade their skills.

They can do this by taking online classes or working as interns at different companies. This way, the freelancers will be able to gain more experience. This newly-acquired experience will be useful for them in landing a job in another sector.

The freelancers will also have an opportunity to start their personal businesses. Many freelancers around the world have become entrepreneurs and started their own ventures.

Most of them have been very successful in their pursuit of personal business. When freelancers start their own enterprise, they get more exposure to the market.

They build connections, gather clients, and market them through this. Their own venture also acts as a positive point on their resumes.

These freelancers are working hard to get good jobs. Where there are advantages, there are also many disadvantages to the freelancers in this pandemic.

If you wish to hire freelancers for your company or your business, you can checkout Bawabba. You can hire incredibly talented freelancers in Dubai through this website.

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Top 5 online DJ courses in 2020

Top 5 online DJ courses in 2020

DJing is getting wildly popular amongst the new generation. Some view it as their passion. Some call it art. Some label it as a source of income. No matter what, there’s a lot of aspiration seen in this career.

Here are some of the best online courses that will help a freelance DJ in Dubai to level-up their game.

1. DJing Live: From setup to soundcheck

This course is considered one of the most popular online course on DJing. It is offered on Skillshare, which is a learning platform for all kinds of skills.

DJing Live will educate you about preparing your gig using an effective setup and the necessary equipment. This lesson focuses on general setup, essential gear, and soundcheck. It helps a freelance DJ in Dubai in using both the Serato and Ableton setups during live sets.

Luckily, this course is taught by a Grammy-nominated DJ, Young Guru, who keeps things simple and easy to understand. He will help you to put on a professional set up for your gigs.

Another added bonus for the freelance DJ in Dubai would be the projects. Students can undertake that to further their skills even more. While you take this course, your knowledge about DJing would increase 10 fold.

This course is suitable for all levels and has 7 lessons. The total time commitment is of 34 minutes. So, it’s a short and fun course.

2. How to become a DJ: Learn how to start DJing Online Today

This is another phenomenal course on DJing in today’s time. This course is a full-fledged, jam-packed gift for every aspiring DJ.

It contains 11 hours of course material and 51 informative video lessons to watch. It is ideal for people who want to know what it takes to be a DJ.

This course is offered on Udemy, which is also a learning platform. The course focuses on the technical foundation that is imperative for any freelance DJ in Dubai. It will make you skillful enough to execute like a top DJ. And you’d be able to do so without a pre-recorded set!

A very professional DJ, Ross Palmer, will guide you throughout the course. He’ll teach you the basics such as the function of the buttons on a DJ set, how to use headphones when mixing, and much more.

Moreover, he’d tell you how to use the filter, spiral, echo effects, and guide you on the way to use two USB’s at once. Further along the course, he will inform you of using FX with a microphone and how to end your set gracefully.

Overall, this is just right for both beginner and advanced level DJs. It has an exceptional rating of 4.7, and the content is 10 hours and 46 minutes long. So, join this popular course today.

3. Scratch DJ Academy Presents: DJ Fundamentals

This CreativeLive course is incredibly fantastic for a freelance DJ in Dubai. This course is taught by DJ Hapa, who has extensive experience of over two decades. He has performed all around the world.

In this course, DJ Hapa aims to teach you everything you need to know before getting started as a DJ. However, this course is not only for beginners. Experienced DJs can benefit from it too.

This course covers basic music theory, scratching 101, and using crossfaders deeply. DJ Happa will educate you on how to do mixing based on BP, mixing based on song structure, song breakdown demo, mixer overview, and EQ.

By taking this course, a freelance DJ in Dubai will be skilled in matters of understanding turntables. You’ll learn about inputs, outputs, manual beatmatching techniques, and beatmatching practice.

If you are looking to learn the basics correctly, this course is precisely for you. The lessons are over 5 hours long and the material is comprehensive. Still, it is not overwhelming, so you do not need to worry about anything.

4. Ultimate Ableton Live: DJ Techniques and Controllers

This course is available on Skillshare. It is taught by Ableton certified trainer, Jason Allen. Jason Allen is wildly talented and qualified. He has worked as a composer, producer, songwriter, engineer, sound designer, and DJ.

Additionally, he is also a remix artist, multimedia artist, performer, inventor, and entrepreneur. If one man is so qualified, the content has to be of impressive quality too.

This class focuses on using Abelton Live for DJing and performing. However, it should be noted that this course is for an intermediate freelance DJ in Dubai. A prerequisite is an awareness about Abelton Live.

You’ll learn about audio effect racks, using effect racks presets, building your own effect racks, and parallel processing. Eventually, you’ll also master the performance racks, which include controllers, MIDI mapping, and follow actions.

Jason will assist you in learning about the two interfaces; the Ableton push interface and the APC 40 interface. You’ll be taught about some different modes, specifically the legato mode and the launch mode.

In this 23 video lesson course, Jason will make sure that you understand the tricks and techniques that are essential for a DJ.

5. Learn How to DJ From the Wu-Tang Clan

DJ Symphony, a popular figure in the DJ world, is from the Wu-Tang Clan. He will be your instructor for this amazing course. It is designed specifically for starters. Hence, a beginner freelance DJ in Dubai can benefit from this immensely.

There are 49 lectures and 7 hours of course material in this course. This is provided to you through Udemy. In this course, you’ll learn some great techniques for starting as a DJ.

DJ Symphony will instruct you on using and understanding the fader, beats per minute, and song structure. You’ll also learn how to use headphones.

This course is divided into three parts; beginner, intermediate, and expert. If you are a beginner, you can take this single course and learn everything you need to become an expert DJ. From cue points to DJ intros, and from beatmatching to using revolution, everything is covered in this course.

However, if you are looking for such qualified DJs, look no further than Bawabba. Log on to find some awesome DJs for your event today.

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Top 5 cameras used by freelance fashion photographers.

Top 5 cameras used by freelance fashion photographers.

1. Fujifilm X-T30

Fujifilm X-T30 was released on Wednesday 8 July 2020 in Dubai. Fujifilm X-T30 might look smaller in shape but its features are mind-blowing.

This camera has a height of 82.88 mm and a width of 118.4 mm. It is one of the best cameras for fashion photography as it has the perfect external controls, fast auto-focus, and also a space of 4000 recordings.

This camera is ideal for freelance photographers who want a fast camera that is also lightweight. This camera only weighs 383 grams.

Fujifilm X-T30 has all the features that are needed for fashion photography. Its manual focusing feature is remarkable. This camera captures images at a lighting speed of 30fps with autofocus. Thus, fast-moving subjects would no longer become blurry.

Its price is also very reasonable as it only costs AED 5500. This is the best camera available for freelance photographers in Dubai as it offers the features that no other camera manufacturing company offers at this price.

2. Nikon D850

Nikon D850 was released on 24 August 2017. Even though it’s an older model, it still has many features that are rarely available in other cameras.

It is better than A7R 3 and Nikon 27– the most updated versions by the company. Cannon hasn’t shown any signs of releasing a camera that is better than Nikon D850.

This camera is very good for fashion photographers as it has some fascinating features like high-speed shooting.

Fashion photography is a very strenuous job and the movement from different locations can be quite hectic too. That is why the photographers need a portable camera that also works fast.

Nikon D850 has an ideal size (5.7 × 4.9 ×3.1) and it weighs 915 grams. This type of hardware makes the camera very handy and easy to carry. It will be convenient for photographers to bring it along with other pieces of equipment that are needed.

Freelance photographers in Dubai can get this camera for AED 9000. Even though this camera is a little expensive considering its launch date, it is still one of the best cameras available for fashion photography.

3. Sony Alpha a7 iii

Sony A7R iii is also called the Mirrorless Master. This camera has everything that a fashion photographer needs. Sony A7R is a camera with a very high shutter speed, and it produces amazing quality pictures.

It also is lightweight and has great features like autofocus and image stabilization. Sony A7R iii is the only camera that has 42 megapixels, 10fps continuous shooting, and a hybrid AF system altogether.

This version of Sony A7R iii is faster compared to its older version as it can shoot at 10fps. This model of the camera also has larger buffers which allow the photographers to shoot around 25 to 28 uncompressed raw files in a single burst.

This feature comes in handy during fashion shoots since the time is very short and the photographers would want to get the most out of it. This camera also produces lower sounds as compared to other cameras.

Sony A7R iii comes in a handy size. (5.0×3.8 × 2.9) and weighs 657 grams. These features help the freelance photographer to move around and click good pictures in an instant. As freelance photographers in Dubai usually work individually, it will be convenient for them to operate this camera alone.

4. Canon EOS 70D

Canon EOS 70D is also great for fashion photography. This camera comes with 70D features including 20.2 megapixels and Digic 5 image processors. This camera is designed in a way that increases scene information and reduces the background noise in the videos by 75%.

This camera is extremely flexible for indoor and outdoor fashion portraits as it has ISO100- ISO12809 built-in accessibility. It also has a feature of Dual Pixel CMOS AF that makes the camera capable of phase detection and autofocus. These details are really helpful when it comes to a live model shoot.

The camera is perfect for freelance photographers in Dubai looking for a device that creates stunning output. It costs around AED 8199 in the market.

This camera has measurements of 5.5 X 4.1 x 3.1 and it weighs 1233 grams only. It might be a little heavy as compared to other cameras. However, the features that are included are top-notch.

It is also highly recommended by photographers because of its amazing durability. A lot of freelance photographers in Dubai use this camera for fashion shoots today. You can find such photographers on Bawabba.

5. Nikon D6 10

Nikon D6 10 was released on 12th April 2012 it is one of the oldest models of cameras that is commonly used. Even though this camera is a little outdated, it is still better than many updated models of Nikon cameras.

This camera is mostly used by fashion photographers because of the many unique features it offers such as a sharp 24.3-megapixel full-frame sensor and ISO 100-6400 (expandable to ISO 25600).

This camera is sold at a much cheaper rate than other cameras. It only costs AED 3199.

The device also has a weather-sealed magnesium alloy body with customizable buttons. It is these types of features that possessed value for fashion photographers. This helps them in getting precise images in both the indoor and outdoor settings without any technical issues in the camera.

This camera has a 2SD slot which makes it capable of storing high-quality fashion images. The ISO range makes this one of the most sought-after cameras amongst professionals.

The Nikon D6 10 has an auto white balance which is the best for capturing images of the models with different skin tones.

Fashion photography is a tough job and requires a lot of experience. With the help of a good camera, freelance photographers can produce good quality pictures. If you are looking for such skilled photographers, log on to Bawabba now!

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What is newborn baby photography? Newborn Baby photoshoots are to capture portraits of the baby. These photoshoots typically take place when the baby is less than two weeks old. The photographers usually click pictures within the first 48 hours of birth. Although it...

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Tuesday, August 25, 2020

5 ways cashflow forecast helps SMEs in Dubai.

5 ways cashflow forecast helps SMEs in Dubai.

1. Inculcate a better investment strategy.

Profit and cashflow both are the most critical things in a business. An owner needs to have complete information on the business’s current cash and the cash that the company will be getting in the future.

In this way, the business will know whether they have enough funds for future investments or not. Making a cash flow forecast will also help the company in analyzing its future investments. It depends on the timing of receivables and trade payables to instill an improved investment process.

When the products are sold on credit, the receivables are not recorded. Therefore, the firm must wait until the buyer makes the payment. Similarly, when the company purchases on credit, the payables are not recorded.

It is important to understand that the firm can decrease the receivable days to gain cash much sooner. And they should negotiate more days for trade payables. This will ensure that the cash is in the company for a longer time.

To avoid bad debts, the firm might need to provide some incentives. This includes discounts on early payment, one-time offers, or favorable deals. Instead of losing cash and hurting the cash flow forecast, the firm might be able to secure the cash.

The SME will know the amount of money they have. This will help them with their future planning. Because of the cash flow forecast, the business will know when is the perfect time to launch a new product or when to make big purchases.

The cash flow forecast will allow them to do so without disturbing the financial position of the SME. This will lower the chances of the business going in loss.

2. Time-saving.

The cashflow forecast saves time as it is software originated. It gives workers and owners more time to focus and capitalize on other projects and skills.

The owners can use that time to do other things like keeping a watch on the staff and guide them on how to work efficiently. This way, the workers will work productively, and the customers will be satisfied with what they buy. And hence, the SMEs in Dubai will be on the road to generate more profits.

An accurate cash flow forecast will directly attract investors as they are published on the SME’s website, and interested investors can view the forecast. This will save time as the owner will then have to do fewer meetings with the board.

However, the cash flow forecast must be perfect, without any errors, as these errors may bring considerable losses to the business. A cash flow forecast that is manipulated through window-dressing might be caught.

As a result, the company’s goodwill might drop. In adverse scenarios, the shareholder may end up demanding his money back. And also, the suppliers might start pulling out. After all, no one would like to do business with a firm that indicates a hint of fraud.

Freelance accountants in Dubai make sure that the cash flow forecast does not demonstrate any fake adjustments or window dressing. They specialize in showing the exact financial transactions and the situation of a business.

3. Assists in hiring and setting the salary of the workers.

A lot of SMEs in Dubai make a cash flow forecast before hiring employees. This way, the owners will be able to predict earnings in the future. It will make it easier for them to allocate the budget for salaries.

Forecasts also give an estimate on how many employees are needed for the business. The owners will be aware of their business’s monthly inflows and will hire accordingly.

Imagine if a business hires employees and later realizes that it does not have enough cash to pay them. This would tarnish the image of the enterprise and the business owner as well.

As a result, no one would trust the business, not even the customers. This might cause businesses to shut down. It shows how vital Cash flow forecasts are for SMEs.

SMEs can save themselves from losing customers by hiring an accountant. Since these businesses are small-scale, they can easily hire any freelance accountant in Dubai.

4. Serve as proof for stakeholders.

All the banks in Dubai analyze the cash flow forecasts of business before granting a loan to it because the bank has to assess the risk involved in such a transaction. That whether the firm will be able to pay back the loan or not.

The government also sees the cash flow forecast before asking for taxes or provide a subsidy. Here is where the freelance accountants come in. The freelance accountants in Dubai ensure that they make an accurate forecast.

Without a cash flow forecast, the government might charge more taxes as they will not know how much the enterprise is earning.

Most purchases by the businesses are made on credit. This creates an uncertain situation for the suppliers sometimes. These creditors and suppliers look at the cash flow forecast of a company before taking orders as they want to ensure that the payment is received later.

5. Helps in the management of profit.

By making a cash flow forecast, the business can decide about its investments in new markets. They can predict if they will be able to repay the bank loans.

The owners will know how much profits they will earn. They will also know when and on what product the benefit is expected. This will help the business in planning on the usage of this profit.

Usually, in Dubai, the board members have a meeting, deciding what to do with the profits. Voting is done, and then the final decision is taken into action.

This way, the owners can preorder the raw materials, saving time. This will increase the efficiency of the enterprise.

The owners of SMEs in Dubai usually hire freelance accountants in Dubai as they are more economical.

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The post 5 ways cashflow forecast helps SMEs in Dubai. appeared first on Bawabba Blog.



from Bawabba Blog https://blog.bawabba.com/freelance-accounting/5-ways-cashflow-forecast-helps-smes-in-dubai/
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