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