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⚡️Where Is the Best Place to Start A Business?
The most obvious answer to this question is where there are plenty of customers. But one must also take into account the specifics of the area or region where prospective customers are located. For example, if you’re planning on setting up a business in a part of the world that you’re only partly familiar with (perhaps because you fell in love with it while on vacation), do plenty of homework first.
According to the World Bank’s International Finance Corporation (IFC), entrepreneurs planning on starting a business in a foreign country or unfamiliar area should first ensure that the following situations exist:
. There should be a low number of rules, regulations, paperwork, and licenses so the business and its activities can be made legitimate in a timely manner.
. The business owner should be able to hire and fire employees with relative ease.
. The business owner should have the capacity to draw up and enforce a legal contract.
. The business owner should be able to obtain credit or borrow money.
. A low number of steps and procedures should exist so that the business can either be closed down - or bankruptcy can be declared - with relative ease.
@Text_tips
#for new business owners
The most obvious answer to this question is where there are plenty of customers. But one must also take into account the specifics of the area or region where prospective customers are located. For example, if you’re planning on setting up a business in a part of the world that you’re only partly familiar with (perhaps because you fell in love with it while on vacation), do plenty of homework first.
According to the World Bank’s International Finance Corporation (IFC), entrepreneurs planning on starting a business in a foreign country or unfamiliar area should first ensure that the following situations exist:
. There should be a low number of rules, regulations, paperwork, and licenses so the business and its activities can be made legitimate in a timely manner.
. The business owner should be able to hire and fire employees with relative ease.
. The business owner should have the capacity to draw up and enforce a legal contract.
. The business owner should be able to obtain credit or borrow money.
. A low number of steps and procedures should exist so that the business can either be closed down - or bankruptcy can be declared - with relative ease.
@Text_tips
#for new business owners
⚡️Where Is the Best Place to Start A Business?
The most obvious answer to this question is where there are plenty of customers. But one must also take into account the specifics of the area or region where prospective customers are located. For example, if you’re planning on setting up a business in a part of the world that you’re only partly familiar with (perhaps because you fell in love with it while on vacation), do plenty of homework first.💎
According to the World Bank’s International Finance Corporation (IFC), entrepreneurs planning on starting a business in a foreign country or unfamiliar area should first ensure that the following situations exist:
🔤. There should be a low number of rules, regulations, paperwork, and licenses so the business and its activities can be made legitimate in a timely manner.
🔤. The business owner should be able to hire and fire employees with relative ease.
🔤. The business owner should have the capacity to draw up and enforce a legal contract.
🔤. The business owner should be able to obtain credit or borrow money.
🔤. A low number of steps and procedures should exist so that the business can either be closed down - or bankruptcy can be declared - with relative ease.
@Text_tips
#for new business owners😊