Indian expat helping businesses future-proof their finances. Financial planning can often be the furthest thing from the minds of first-generation business owners who are busy with settlement, daily operations, and immediate challenges. But long-term growth and succession strategies are critical. Enter, Nazneen Abbas (an Indian expat who is helping businesses future-proof their finances). After losing an important family member, Abbas created Ma’an, an intergenerational financial planning platform to help families and small businesses plan their financial legacies.
Her personal story is one of resilience and purpose, and she has valuable advice for small businesses throughout the UAE and beyond.
Indian Expat Helping Businesses Succession Planning
Indian expat helping businesses future-proof their finances. The many small and medium-sized enterprises (SMEs) in the UAE are mostly first-generation business ventures. These businesses are often very well run, but do not have succession planning in place. A PwC report suggests that almost 70% of family businesses fail as they transition from one generation to another (source).
Nazneen Abbas recognized this problem early. By establishing Ma’an, she was able to create a platform that provides a focus on not only investments and tax planning, but succession strategies, risk management, and intergenerational wealth transfer.
Personally advising each entrepreneur, Ma’an empowers entrepreneurs to understand the need to prepare their business for future unknowns. For example, Abbas has worked directly with family-owned enterprises to ensure the transition of leadership happens seamlessly when leadership is required without halting operations.
Internal Reference: At The UAE Time, we frequently highlight entrepreneurs making an impact in the region, showcasing how innovation and foresight build stronger businesses.
Preparing for the Future of Financial Security with Ma’an in the UAE
Indian expat helping businesses future-proof their finances. What makes Ma’an unique is its holistic approach. It not only addresses the numbers, but the human side of finance – family, culture, and generational goals. This holistic approach is what differentiates it in an already competitive UAE space.
Here is how Ma’an is helping businesses to prepare for the future of Financial Security:
1. Financially holistic planning – investment, taxation, retirement, and insurance.
2. Succession strategies – developing family charters and business governance models.
3. Education for next-gen leaders – educating younger family members on finance.
4. Risk mitigation tactics – making sure the business does not collapse due to shocks.
External financial experts acknowledge the significance of platforms such as Ma’an in fast-paced, growing economies. For example, what the World Bank noted was that financial literacy and planning can elevate small businesses to long-standing businesses. (World Bank Report).
How UAE Entrepreneurs Can Gain Inspiration From Nazneen Abbas
Indian expat helping businesses future-proof their The story of Ma’an teaches a vital lesson on planning early. Entrepreneurs in the UAE must remember that these plans usually involve more than just planning money; they involve planning for continuity, stability, and the success of a business for the long haul.
Here are three simple lessons business owners can learn from Abbas’s story:
Begin or Start Early. The further out a business starts planning for succession, the easier the transitions are.
Think Beyond Money. Look further than profitability; it is also about values to the family, loyalty of employees, and preserving a legacy for the long term.
Look for professional support. Various professionals, such as Abbas, have a function to help map out bespoke plans to mitigate against loss.
For businesses that value longevity, a focus on future-proofing their finances is important. This lesson of Abbas’s is a reminder that trauma may motivate change for the better and could help solve issues for many.
Final Thoughts
Indian expat helping businesses future-proof their finances. Nazneen Abbas, an Indian expat and financial advisor helping businesses future-proof their financials, is not just giving financial advice; she is creating the future of family businesses in the UAE. She has taken what she lost personally and used it as Ma’an to provide an opportunity for first-generation entrepreneurs to protect their legacies for generations to come.
Business owners in the UAE can learn from her tenacity and vision, and ensure the success they strove for with their blood, sweat, and tears continues to thrive.