Clarity Expert
I am Medhat Elabd, a dedicated Managing Partner with over 15 years of experience in tax compliance, financial advisory, and corporate governance. At ACME Group, I am leading the charge to position us among the top 10 consultancies in the UAE. My focus is on delivering innovative pricing strategies and customized solutions that address the unique needs of our clients.
Previously, I held key leadership roles at Al Habtoor Group, including Director of VAT and Corporate Tax, where I implemented effective tax frameworks, optimized financial performance, and represented the organization in high-level advisory groups. My work has always been about fostering multidisciplinary teams and delivering measurable results in internal audits, risk management, and governance.
I hold a Bachelor's degree in Commerce and certifications in Governance, Risk & Compliance, which have equipped me to navigate complex regulatory landscapes with confidence. Beyond my professional achievements, I take pride in mentoring over 100 aspiring professionals, helping them grow into impactful leaders in their fields.
Rentals
Clarity Expert
in my experience it is better not to create the wheel from allover again unless it is very big wheel. So if the business size is small or even medium then i would recommend to subscribe in any marketplace that is already there till the business's size justifies the expenses that will incur to have a market place. having market place does not stop at the point where it offers the local product or company products only, it has to evolve and offer others as well to the extent where it will be its own market place for others as well. The rule is simple, if it does not grow it will die or stay small at best. Hope this helps and open for a call if more is required.
Rentals
Clarity Expert
The question is very important, the recent reports from Statista and many other sources shows that 75% from the sales is happening online, so the answer is absolutely yes. The website is absolutely important for the rental startup, here are some other points to consider, consider subscribing or collaborating with aggregators, consider outsourcing the website site management and developments. Creating a website is no big deal but continuous update is a time consuming but not impossible. conclusion: having website for startup on rental industry is a must, outsourcing it if possible is recommended unless it can be done inhouse. you may call me for further details.
Rentals
Clarity Expert
Hello, this is very interesting question. the answer depends on some factors which follows company's circumstances so to start with, how much in your budget for this matter ? keeping self hosted software costs a lot in the infrastructure you will need infrastructure such as server(s) and other stuff which will cost big initial investments, on the other hand using SaaS excludes all these costs which usually is a major part of the decision. on the other hand using SaaS transfers the risk to the operator of such SaaS to take care of the "risk" of maintain the security and the data. So i would recommend going to reputable SaaS where its servers (where your company's data is kept) in a country has very strict regulation on data security to ensure that your data is protected enough. hope this helps.
Money
Clarity Expert
This is a wonderful question, but the answer has to start from response to another question, what do you want to do in your life ? Career Life is a trip, it has a beginning and many time humans do not think about when it end and how it will end. So when you are planning to retire and what are the triggers for this ? only when this answer is clear a prober answer can be given. however, i would recommend to go for any of the following: 1) selling goods on e-commerce platforms. 2) making your photos and selling them if you like to. 3) explore minting NFTs. 4) ensure investing a portion of your income to start generating passive income. Hope this will help.
Rentals
Clarity Expert
Hello Everyone, considering that i spent over 15 years either working in rent a car industry or supervising one, contributed in 15 software implementation 3 of them for rent a car I can tell this with comfortable mind, there is no one size fits all in this industry due to many factors such as different traffic regulation, different standards, different rent regulation, different market segments and my recommendation would be the following: 1) make a specification document ( what the company wants the software to do for it) 2) make a proper RFQ ( request for quote) send it to the common providers in the geographical area the company is. 3) make a proper comparison between all of them including the scope and be careful while doing that. 4) make sure that they do Gap analysis to ensure how much customization needed to match the company's requirements if there is any. After that only and only then proceed with implementation. Hope this helps.
Rentals
Clarity Expert
I used to work in Rent a car industry for a couple of years then i became a board member for car rental company and looking into what changes are taking place i expect that within 10 years there will be no need for a human being to deliver the car since we have self driving cars, it will be fully depending on AI bots from estimating the cost of operation, it will have massive transformation depending on the technology. Imagine that the cars will be mostly electrical, mostly self driving and it will require less maintenance meaning less cost, the competition will be very sever the pay per Kilo/per mile will expand dramatically. It is going to be "per demand " industry and it will mingle with finance leasing, leasing ending with ownership etc.. hope this helps.
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