Nadim Zidan, the Syrian entrepreneur who's based in Dubai, has recently announce the full integration of his award winning Hollywood Stars group, as the group's business is shifting to a 100% online operations.
Reporters said that such step was included in the company's business plan that was prepared during 2013, which is a year before launching the company in the free zone area in Dubai.
A visionary plan is made by Zidan, who was able to include flexibility, and long term availability to adapt to market changes for his Hollywood Stars.
Resources of Dubai market said that such move was proven so accurate, as the current global pandemic caused 100s of companies around the world to lay off their employees and even shut down their businesses, but not Hollywood Stars, thanks to the futuristic reading of the market that Zidan mastered through his 16 years of experience in the global market that enabled his group to be so diversified in business activities to "make money on the go" as Zidan says.
The company is considering expanding to new markets now, as no physical existence to the staff is needed, where the whole operations are done through the online system, that was recently been launched by the group, keeping the company's operations on going, which sets and example of how you can use the global pandemic in the best positive way, where the lockdown around the world is forcing everyone to stay home, and almost all businesses to stop operating, or partially do.
A previous statement of Zidan confirmed that "in order to survive in the current market, you have to accept the fact that you may earn less income, but you will also have less operational cost, and corporate expenses which reduces your capital cost, and keeps your profit margins as healthy as it should be".
The question was raised by many reports about, will many other companies follow the lead of Zidan, and shift to online operations, and what is the reaction of these companies, when the market is open again after a healthy recovery of the current Pandemic.
The answer of that will be an interesting one to wait for, trusting that great minds such as Zidan, will always find a way to survive.
Company: Hollywood Stars
Contact: M Nadim