Jordanian Business Growth Activities That Will Take Your Company to the Next Level
Jordan has quickly emerged as a regional hub for business, with a highly skilled workforce and a favorable regulatory environment. As a result, many entrepreneurs and investors are looking to expand their operations in Jordan. However, the process of scaling up can be challenging and requires careful planning and execution. In this article, we explore five Jordanian business growth activities that will take your company to the next level.
1. Explore New Markets
One way to achieve business growth is by expanding into new markets. Jordan is strategically located in the heart of the Middle East, with easy access to many neighboring countries. Entrepreneurs can take advantage of this by building a presence in neighboring markets, such as Saudi Arabia, Iraq, and Egypt. Jordan also has free trade agreements with the United States, Canada, and the European Union, providing a gateway to these major markets.
2. Invest in Human Capital
Attracting and retaining top talent is crucial for any business looking to grow. Jordan has a highly educated workforce, with a strong emphasis on science, technology, engineering, and math (STEM) education. By investing in your employees’ skills and knowledge, you can boost productivity and innovation, leading to increased business growth.
3. Utilize E-Commerce
The COVID-19 pandemic has accelerated the shift towards e-commerce, making it a crucial tool for business growth. By adopting e-commerce platforms, businesses can access new markets and customers, streamlining their operations and reducing costs. Jordan has seen a surge in e-commerce adoption in recent years, with several major platforms emerging, such as Souq.com and MarkaVIP.
4. Seek Funding Opportunities
Access to funding is essential for startups and growing businesses. Jordan has a well-established startup ecosystem, with several funding initiatives and accelerators available. These include the Jordanian Innovation Fund, Oasis 500, and the Zain Innovation Campus. By leveraging these resources, entrepreneurs can access the capital they need to scale their business operations.
5. Network and Collaborate
Networking and collaboration can be powerful tools for business growth. Jordan has several business associations and networks, such as the Amman Chamber of Commerce and the Jordanian Businessmen Association. These organizations provide entrepreneurs with the opportunity to connect with like-minded individuals, access funding and investment opportunities, and stay up-to-date on industry trends.
In conclusion, Jordan provides several avenues for entrepreneurs to achieve business growth. By exploring new markets, investing in human capital, utilizing e-commerce, seeking funding opportunities, and networking and collaborating, entrepreneurs can take their businesses to the next level. With careful planning and execution, Jordan’s favorable business environment can provide a strong foundation for business growth and success.
