Emirati quits Dh50,000 oil rig job to start a clinic

Emirati quits Dh50,000 oil rig job to start a clinic

Dubai: For Sharjah-born Emirati entrepreneur Khaled Al Harmoudi, 33, it was unfortunately only after he lost an enormous amount of his hard-earned savings, he truly learnt that it’s only worth investing your money in a business if you have a clear understanding of its potential and growth prospects. "I took a considerable risk investing Dh200,000 in my friend's company to support his cosmetics business, and one year later, the company failed,” said Al Harmoudi, citing that “there wasn’t enough funding and investors didn't want to invest in it because the market has a lot of cosmetic brands." Al Harmoudi, whose entrepreneurial journey started in 2018, has since witnessed multiple failures and successes. He is currently based in Dubai, but his childhood was spent between Dubai and Abu Dhabi as his family moved cities when he was young. Coming from a middle-class family, Al Harmoudi’s parents would give him and his siblings Dh5 or Dh10 about once a week. But even though that was enough to satisfy them as kids, he admitted not developing any good saving or investment habits led him to make mistakes later on in his career. However, after relocating to the US for about seven years to