Asharqia Chamber organizes a meeting entitled "Your Steps Towards Billion-Year Companies"

​Asharqia Chamber organizes a meeting entitled "Your Steps Towards Billion-Year Companies"

The founder and CEO of Innosoft, Eng. Louay Labani, said that building a billion-dollar company is the dream of many entrepreneurs, but it requires a lot of work, careful planning, and determination to achieve goals. Labani explained during a meeting organized on Monday evening, September 30, 2024, by the Asharqia Chamber, represented by the Chamber's Entrepreneurship Incubator, entitled "Your Steps Towards Billion-Dollar Companies", that the first step towards building a successful company begins with identifying a new and innovative idea so that it is able to present new ideas, address existing challenges, and meet a need in the market, pointing out the need to study the market in order to analyze competitors and identify their strengths and weaknesses, and understand customer needs to know what customers are looking for in terms of products or services, as well as knowing new trends in the market, and identifying the target segment. Labani pointed out the importance of forming a professional work team as it is considered one of the most important factors for success. Team members must be chosen based on their skills and experiences. And to ensure that the team includes diverse and different experiences, which enhances innovation and creative thinking. He spoke about the importance of having an investor as a person or entity who invests with you with the aim of helping the project grow, indicating the importance of having a business model that defines how to generate revenues, and includes marketing strategies, product distribution, and service provision, so that the company is able to continue operating and achieve success in the long term.​