| Spanish businesses offer a great opportunity | | | | Location location location - Without it you |
| in the right hands. Spain provides plenty of | | | | may not succeed |
| the right kind of businesses for a successful | | | | |
| life. With the right amount of research, | | | | Make sure you see the premises openinglicence |
| proper financial and business model planning, | | | | - no excuses |
| plus plenty of initial hard work, most can | | | | |
| develop a business into a profitable and | | | | Make sure you see all other official local |
| sustainable operation. You should consider | | | | licences - live music etc |
| the following positive points to owning a | | | | |
| business in Spain. | | | | Make sure your new business is free of debts |
| | | | - you are liable |
| Businesses in Spain enjoy all year profitable | | | | |
| trading especially in the tourist hot spots | | | | Make sure the services are all in working |
| in the south with the Costa Blanca being the | | | | order |
| most popular destination for foreigners | | | | |
| setting up business. | | | | Employ a good independent local lawyer |
| | | | |
| Bars, Restaurants and Cafés offer the best | | | | Employ the services of an English speaking |
| rate of success as these can be marketed | | | | Gestoria |
| toward the tourist sector where it is | | | | |
| possible to operate with only a little | | | | Know what is included in the sale |
| conversational Spanish. | | | | |
| | | | Know what goodwill you are getting |
| Life in Spain is very safe and less stressful | | | | |
| for business owners, with less paperwork once | | | | Know what you are paying for the "trespasso" |
| set up, than in the UK and other European | | | | (ingoing) |
| countries. | | | | |
| | | | Know how long the contract is for and can you |
| There are less creditors and debtors in Spain | | | | legally renew it |
| as the economy is still very much cash | | | | |
| driven, making most businesses cash rich to | | | | Talk to other business owners find out if |
| operate. | | | | they are trading well |
| | | | |
| Operating costs are much less in Spain for | | | | Meet the landlord of your premises |
| fixed costs such as business rates and refuse | | | | (essential) |
| collection. | | | | |
| | | | Agree written terms of your contract before |
| With so many lifestyle opportunities the | | | | paying a deposit |
| country offers something for every type and | | | | |
| style of entrepreneur. | | | | Not buying too cheap - Cheap does not always |
| | | | make a bargain |
| Setting up a business outside the "box" is | | | | |
| possible as there are so many niche markets | | | | Checking out the area do you really want to |
| which are as yet untapped. This is | | | | live here? |
| especially true when considering offering | | | | |
| services to the many hundreds of thousands of | | | | Consider the long hours - is this lifestyle |
| ex-pats living in Spain. | | | | for you? |
| | | | |
| If you are looking to find somewhere to live | | | | Have enough operating cash for the first 6 |
| a great life and work hard, you would be hard | | | | months |
| pressed to find a better place than Spain. | | | | |
| The country has grown rapidly since the | | | | Understand the market - do you have the |
| introduction of the euro into a very | | | | experience |
| successful destination for businesses. It is | | | | |
| an excellent place to put down financial | | | | Operating cost analysis - know what you |
| roots by owning a property or business. | | | | weekly costs are |
| With, the massive tourist sectorthere is a | | | | |
| continuing and ever changing need for tourist | | | | Correct pricing not too high or low - 60% |
| related businesses, feeding the service | | | | gross profit minimum |
| industries which in turn feed the continued | | | | |
| growth of the economy along the Spanish | | | | Employ the right English speaking |
| coasts. | | | | professionals |
| | | | |
| An example of this success is Benidorm on the | | | | Marketing the right way to attract your niche |
| Costa Blanca where 12% of the countries gross | | | | customers |
| national product is earned from one small | | | | |
| town. | | | | Employ an interpreter and translator - you |
| | | | will need one |
| This amounts to over 702,000€ being | | | | |
| spent every single hour of every day*. | | | | Follow these guidelines and you will be able |
| | | | to make a nice living in Spain. Remember |
| The most important considerations which | | | | business is a serious commitment never take |
| should not be taken lightly are: | | | | it lightly and only consider it if you really |
| | | | do have the skills and experience required. |