A Year Unfolded: 2023’s Highlights and a Sneak Peek into 2024
The new year is the perfect time to reflect, set our sights on 2024, and envision the future. In this tradition, my team and I always make sure to analyze our work—what was done and what could use improvement. Together, we hold strategy sessions to dissect our achievements and outline plans for the road ahead. I firmly believe that a company leader must forge this path alongside their team to have a profound understanding of what is currently happening to their businesses and remain deeply rooted in reality.
Now, let’s see what the team and I accomplished in 2023 and what anticipations we have for 2024.
ECO WAY: Breakthrough of the Year
Globally, the surge of sustainable projects is not just a trend—it’s a movement. Business attains a heightened sense of responsibility when leaders recognize their capacity to contribute significantly to development.
In September of last year, we launched ECO WAY, a sustainable startup dedicated to enhancing the quality of life in Dubai. This venture stands out as one of my biggest accomplishments in 2023. It goes far beyond the realms of mere financial gain; it’s about fostering environmental consciousness and instigating shifts in behavior. While I consistently align my projects with sustainable development goals, this marks the first initiative whose sole mission is to aid the environment.
Here’s what we accomplished in 2023:
• Developed three innovative bike models for couriers.
• Designed and arranged a network of charging stations across Dubai.
• Launched a pilot project in collaboration with potential partners like Talabat, Pizza Hut, Amazon, Deliveroo, KFC, Emirates Post Group, etc.
• Secured support from the Dubai authorities.
As part of the ongoing pilot project, 45 electric bikes are currently cruising through the streets of Dubai. The feedback has been remarkable, with drivers emphasizing that our battery alone enables a longer travel distance compared to other bikes.
Scaling is obviously on our agenda, with the primary objectives being the following tasks:
What lies ahead in 2024:
• Ramping up the number of our eco-friendly bikes on Dubai’s streets to 10,000, which is an easily achievable goal thanks to our plant’s production capacity.
• Expanding our reach within the UAE.
• Entering the markets of Indonesia and India.
I have complete confidence in our team’s abilities. This project is set to showcase that environmental initiatives can be beneficial for entrepreneurs, making it worthwhile to implement them to the fullest extent.
Roasters Coffee House: Franchise of the Year
Roasters Coffee House, a network of high-end coffee shops in Dubai, has been serving since 2021. I still vividly recall our excitement when we envisioned the concept and opened our first-ever establishment. Wrapping up the year 2022, our chain proudly showcased three flourishing coffee shops, with ambitious plans to expand through franchising.
Key highlights from Roasters Coffee House in 2023 include:
• Active operation of the franchise.
• The successful opening of the first franchise cafe, with additional establishments gearing up for the launch.
• Achieving a stellar 5.0 rating on Google, based on over 4,000 reviews.
• A noteworthy surge in the number of visitors, marking a 1.5-fold increase compared to 2022.
Планы на 2024 год
• Advancing franchise growth.
• Unveiling the fifth (Creek Harbor) and sixth (Beach Front) establishments. This is undoubtedly a lucrative venture for franchisees, with an impressive return on investment within 18-20 months.
• Purchasing premium selections of new coffee varieties.
• Exploring concepts for upcoming establishments and potentially hosting exciting events at Roasters.
• Expanding the menu and introducing a lot of new enticing beverages.
Flexible Investment Solutions: Investment Solutions of the Year
FIS, an investment company catering to seasoned investors, commenced operations in 2019 and has since facilitated substantial capital growth for numerous clients. The company’s portfolio initially featured fintech initiatives, along with ventures related to timber and factories. Presently, the primary focus is on real estate.
Here’s what 2023 brought to the company and its investors:
• An aparthotel with apartments available for rent in the heart of Prague.
• Development of the HOROMĚŘICE project involving the construction of a residential building in central Prague. We drafted the plan and have tackled all the necessary paperwork.
• A promising project in the Baltics, targeting VIP clientele. For this venture, I am actively seeking a proactive partner eager to embark on an innovative business endeavor.
What lies ahead in 2024:
• Commencing construction of HOROMĚŘICE.
• Exploring new, lucrative projects for investors.
• Expanding operations to other areas.
Speaking of Prague, you may wonder what prompted our decision to initiate a new construction project here. The thing is, Prague and its suburbs are highly sought-after areas for new residential real estate, with demand consistently outpacing supply. Considering analysts’ projections of a steady 10% annual growth in real estate, such a project stands as a highly profitable opportunity for investors. If you wish to learn more, make sure to grab the presentation.
Flipping in Dubai: Novelty of the Year
Real estate in Dubai stands out as one of the most stable and reliable ways to earn passive income. Market analysis reveals that consistent population growth contributes to a steady expansion of the market, resulting in an upward trajectory for housing prices. In the dynamic landscape of Dubai real estate, flipping emerges as an excellent pathway to generate quick profits. In essence, flipping implies revitalizing secondary properties for an appealing resale.
Flipping in 2023:
• We launched this project in November 2023, successfully renovated 3 projects.
• The project yielded a remarkable 20% profit.
• As we leverage the expertise of seasoned realtors, we purchase apartments at optimal prices in prestigious areas like Marina, Downtown, and Palma, subsequently selling them at favorable rates.
• A proficient repair team has been carefully selected, capable of upgrading the house within a mere one-month timeframe.
With that in mind, I urge you to consider participating in this project. Click the link to find out more.
Magnifi: Consulting of the Year
Magnifi is a Dubai-based dynamic multi-profile consulting company assisting with seamless business relocation to the Emirates, tax optimization, company setup, and more.
Key accomplishments in 2023 include:
• Introducing two significant projects into the dynamic UAE market:
○ The first one — is the innovative startup, ECO WAY. Magnifi’s team created a comprehensive holding corporate structure with management, service, and trading companies, an entire product line certification within the local UAE market, accompanied by the establishment of a robust contractual foundation to ensure the project’s secure and successful operation.
○ The second project — is an innovative healthcare project involving the establishment of a company with essential medical licenses. It also entails obtaining certifications for medical products in the UAE’s domestic market, consulting services in staff selection, and seamless relocations of personnel to the UAE from various countries.
• Family relocation
What lies ahead in 2024:
At the heart of our company’s plans are its customers. The Magnifi team will assist new businesses and help establish new ones.
My Accomplishments
The year 2023 has proven to be a bountiful and transformative period, not just for my businesses but also for me on a personal level.
Here are my standout achievements in 2023:
• I became a mentor at Ukrainian Business Way;
• Took on the role of a consultant for projects raising investments within the Tablon investment club;
• Hosted a series of business breakfasts in Dubai, featuring discussions on contemporary topics;
Despite the hurdles faced in 2023, I still consider it a successful year as it brought new knowledge, tasks, and challenges we have accepted and overcome. All in all, the year that witnessed your knowledge expanding and scaling up can be deemed a personal triumph.
Here’s to an even greater success in 2024, surpassing the growth achieved in 2023!