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Type of Business:
1) Trading
2) E commerce ( Online Trading)
1- get smart people to work with including Staff & good bank to do your Transactions
2- market your self get strong sales team
3-Complete you Governmental Procedures
I am not a consultant in middle East but let me give you a general overview of starting up a business in another country or foreign country.
1. Economic Environment: income levels of potential customers, inflation rates, interest rates in case of loan aquisition & debt financing, exhange rates, business cycle for instance look out for a boom but not recession or depression, tarrifs.
2. Social/ cultural Environment: attitudes & values of potential customers & publics, education levels, beliefs & supersitions, Aesthetics like symbols, arts used need to be understood clearly.
3. political/legal Environment: stability of government, international relations, government attitude toward foreign investment, price legislation, import & export controls, informal relations betwen government officials & businesses. 4. Technological aspects: trends, gains in productivity for instance more output per units of input, reduced costs. 5. Micro Environment: nature of suppliers, extent of competition, marketing intermediaries, publics-insitutions that may be interested in our products, number of potential customers. 6. Internal Environment: nature of human resource you are toemployee, capital requirements, materials & effect of stakeholders.
Find a good sponsor
Hire a legal advisor
Chose a suitable business partner
1- Financial stability and reliable sponsorship system.
2- Excellent business team with successful market strategies.
3- Detailed business plan/ design and feasibility study.