io81

(Warning this post is a bunch of gibberish, and only to be read to waste time:P)

Driving around Kuwait city and looking at some beautiful buildings that reflects the owner tastes  (the new raya building) compared to other commercial business men that live based on the bottom line, then i thought how bad it feels to know that you may have stop construction on your building, then the domino affects start to take shape, more job losses. Now imagine many of the Kuwaiti economy sectors are following the same path, i personally got effected too. Then i think; is their a bright side to all this; i can at least tell my mom to stop nagging me from getting married:P i guess its a plus to not have responsibilities like kids or school tuition at such bad times. Back when i visited the UK in September, i watched the news and said “naaaaaaah” this would never reach Kuwait, , how naive.  All of my friends in the private sector are threatened with salary cuts, some are even threatened with losing their jobs, some got the salary cut by up to 30%. The weird thing is places like McDonald’s and Hardees are making a come back. One of the top recruiters in the world is McDonald’s. When you think about it, yes it does make sense. Slow food is more expensive now and everybody is trying to save up. Fast food is cheap and readily available and factor in depression! olaa laaah (singing) for fast food executives. I have said a while ago about Zain’s theme;” a wonderful world”. Man!! can they stick their heads in the sand any more deeper. Picture this, Al Arabiya channel two weeks ago airing pictures of young Gazan’s kids in the news then for a commercial break “Zain 3alam jameel”. The thing is i have not seen any article or report that blames the culprits of such a financialtsunami, in the US off course.

Then i hear in the news that the new york times is facing bankruptcy if it does not secure a loan, one of the major reasons is that audiences are switching to the Internet to read not only one news site but many online news sites. Yes what i have said above has nothing to do with us but it does, hold on sec; when you start thinking of opening any business, you have to factor in the Internet and if it plays a threatening role directly. So how many newspapers have opened up in the past year in Kuwait, how will the Internet effect them when we start getting the same caliber of news but on the net. Kuwait has two internet based newspapers now. Down the road maybe 8 years from now, whats going to happen with the new print based newspapers? they are trying to gain new market share in the wrong place! yes they got websites but they are not web based, they are print based. 

In such times, the best business plan would be a one that provides daily needed service but with convenience and lower price, and when i say lower prices i mean ridiculously lower prices. Think like Jazeera airlines, 20kd tickets to Dubai or Bahrain, i guess even the owners of the cross country old green & white striped suburbans got scared:P that kind of cheap prices urges people to change!

I will end the post with a funny pic just to take the negative vibe that i introduced away:P

And we still do not want to give gays their rights!!

This entry was posted on Thursday, January 29th, 2009 at 3:28 pm and is filed under Corporate Issues, Point of View. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.