By Ufuk Karaibrahimoğlu and Mert Arar, Financial Axis Independent Audit & Consulting Inc
Starting in the early 2010s, the number of mobile gaming start-ups has been increasing rapidly and Turkey has transformed itself into a hub. The number of experienced developers in Turkey, combined with important government incentives and the depreciation of the Turkish Lira against foreign currencies, have created a solid foundation. Newly founded Turkish mobile gaming start-ups enjoyed early success and increased in both revenue and active player numbers. The attention of global investors was increasing more and more as the Turkish Lira fell, decreasing the development costs and increasing the competitive advantage of Turkish start-ups. The COVID-19 pandemic was a catalyst in the industry; as people were forced to stay indoors, the demand for mobile games increased significantly. As Peak Games emerged as Turkey’s first unicorn, the Turkish mobile gaming industry experienced rapid growth and an increase in investor attention. Now let’s take a closer look at the Turkish mobile gaming industry.
By Meriç Çavuşoğlu, Financial Axis Independent Audit & Consulting Inc
The concept of “Startup”, something that was rarely heard of and in which only a handful of people were interested in Turkey at the turn of the 2010s, has today become a paramount part of the country’s technology sector. With its huge young population, surging number of educated people, and increasing levels of internet usage, Turkey has created a very dynamic startup ecosystem over the past decade, during which dozens of new startups were founded, numerous angel investors and venture capital firms emerged, lots of exits were made, and a supportive infrastructure was built with growing numbers of accelerators and beneficial government initiatives.
By Prof Sergio Guerrero Rosas, Guerrero y Santana, S.C.
In this new age of technology, businesses must be quick to adapt to every incoming change in order to stay relevant, and, currently, the most common strategy is to transition from a physical business model to an online or virtual model.
By Akshya Chandra and Chaitanya Kumar, SKC World
Over the last couple of decades, western nations have looked to southeast Asian countries for advantages in setting up their manufacturing facilities. Over the years, their focus has shifted to tapping its huge market potential. India has been consistently working towards creating the environment that supports manufacturing activities.
By Lucy Hirst, Openside Tutor
At Openside we are often struck by both the similarities between law and consulting business models, and the differences in approach and mindset to generating and delivering work. If a firm could combine the best of a law firm’s “IQ” (content) with that of a consulting firm’s “EQ” (or, ability to truly understand a client’s context), that firm would be unstoppable.
By Christopher Helmrath and Greg Hogan, SC&H Capital
Business owners considering the sale of their privately held companies might want to bone up on their ABCs in advance of the potential economic downturn. While the M&A market is still active, business should get educated on all of their transition options in pursuit of the very best deal. They need to learn — and understand — four more letters: E-S-O-P.
By Andy Jones, Haines Watts
If you are looking to expand, then the UK is a great place to do business. The UK has a wide and diverse marketplace covering many industries, such as automotive, aerospace and technology, to name but a few. For anyone looking to set up a manufacturing operation, distribution hub, service operation or even European headquarters, there are many reasons why the UK is the perfect place. The UK makes a fantastic export base and is one of the leading trading nations in the world.
By Rajas Kasbekar, Little & Co.
India is currently the ninth-largest civil aviation market in the world and is expected to climb to number three by the year 2020, with only the USA and China ahead. Unfortunately, India’s aviation sector has faced turbulent times over the past few years. The sector suffered severe financial woes as a result of the sharp escalation in the price of aviation turbine fuel (ATF), devaluation of the rupee, global slowdown, high operational costs, intense competition, steep taxes and climbing interest rates.
By Vijesh Zinzuwadia, Zinzuwadia & Co. CA
Strategically located on the west coast of India, Gujarat is a gateway to rich, land-locked northern and central areas of the country. Business is a of life in those areas, with which they are spearheading the Indian effort become a global economic super power. India is a country with a unity in diversity where numerous traditions, cultures and lifestyles exist but business culture is the concept that unites of them in the sub-continent.
By KC Chia, KC Chia & Noor
Over 130 participants attended the Second Mutiara Community Forum conducted in Mandarin, which was held at the Menara Mutiara, Kuala Lumpur, Malaysia. The topic of the forum was "Seven essential entrepreneurial traits and skills in setting up businesses – small companies can also achieve considerable success". The speaker was Lin Gu Ye, a renowned Taiwanese consultant who graduated from Hosei University, Tokyo, Japan. His speech can be summarised as follows: Against the backdrop of the current global economic downturn as well as continuing deterioration of the European sovereign debt crisis and resultant market retraction, there has been a significant dip in export demand coupled with an escalating rate of unemployment. As a result many who have started to risk venturing into businesses opt for new business opportunities and pursue lifetime goals with a view to achieving prosperity in the future.