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Useful tips for starting NEW BUSINESS for success, from our research & different sources.

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Use our middleast Companies Database to find information about the middle east most interesting and innovative companies. Search our database quickly with endless option online. A Research Directory of Leading Companies with in Middle-East from different sources.
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Companies & database

How to make a business contact list...? No matter what your business, a proper contact sheet will help you to get organised. It can contain business associates, co-workers, freelancers, your personal contacts, or even your local business joint. Here's how to create a useful contact list.
At the top of the page write the title of the list, such as "Business Contact List" Below that make 7 column headings horizontally with space between each that read "Business Name," "Business Type," "Contact Name," "Phone," "Email," "Address" & "Comments". Now create your categories listed vertically. These will help you further organise you contact sheet. These categories should be a broader Introduction of what the specific business offers (e.g. "Automobile"). Make the font of your categories rows larger or bolder then the rest of the document so they stand out. Now begin to fill in your rows with actual information. For example, under "Automobile" write (horizontally under each column heading) "Metro Automobile". Continue to fill in the row with the contact name, phone number, email and address of "Metro Automobile." Continue to fill in the contact list with all of your contacts.

Advice for Starting A New Business for Success...

Few very important tips that helps you to start a new business :
Step : 1) If you?re going to devote a lot of time and energy to starting a business and building it into a successful business, so it?s really important that you truly deeply enjoy what you do, whether it be running catering, financial advice, automobile etc. 
Step : 2) Start your business while you?re still employed. How long can most people live without money ? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you?re starting your business means money is in your pocket while you?re going through the business start up process.
Step : 3) Do not start new business alone. You need a support system while you?re starting a business (and afterwards). A family member or friend that you can bounce ideas off and who will listen sympathetically to the latest business start up crisis is invaluable. Even better, find a mentor or, if you qualify, apply for a business start up program. Experienced guidance is the best support system of all.
Step : 4) Get clients or customers first. Don?t wait until you?ve officially started your business to line these up, because your business can?t survive without them. Make the networking & the contacts. Sell or even give away your products or services. You can?t start marketing too soon.
Step : 5) Write a business plan. The main reason for doing a business plan first is that it can help you avoid sinking your time and money into starting a business that will NOT succeed. (See ?Why You Need A Business Plan? for other good reasons.)
Step : 6) Do the research. You?ll do a lot of research working through a business plan, but that?s just a start. You need to become an expert on your industry, products and services, if you?re not already. Joining related industry or professional associations before you start your business is a great idea.
Step : 7) Get professional help. On the other hand, just because you run a small business, doesn?t mean you have to be an expert on everything. If you?re not an accountant or book keeper, hire one (or both). If you need to write up a contract, and you?re not a lawyer, hire one. You will waste more time and possibly money in the long run trying to do things yourself that you?re not qualified to do.
Step : 8) Get the money lined up. Save up if you have to. Approach potential investors and lenders. Figure our your financial fall-back plan. Don?t expect to start a business and then walk into a bank and get money. Traditional lenders don?t like new ideas and don?t like businesses without proven track records.
Step : 9) Be professional from the get-go. Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the accoutrements such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner.
Step : 10) Get the legal and tax issues right the first time. It?s much more difficult & expensive to unsnarl a mess afterwards. Does your business need to be registered? Will you have to charge CST (Commercial Tex)? Will you have to have Workers? Compensation Insurance or deal with payroll taxes? How will the form of business you choose affect your income tax situation? Learn what your legal and tax responsibilities are before you start your business and operate accordingly.

Suppliers, Manufacturers, Trade, Traders, Exporters & Importers

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* To plan any import/export business like a professional.
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* To analyze the financial situation with state-of-the-art analysis tools.
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* Unlimited options - what-if analysis for 2 to 5 Years.
It's will be the easiest to use such business plan program available today. A business plan program that produces faster results than any other, and a business plan program brought to you by a company with over 15  to 25 years of related experience. It should be helpful business plan program and offers the necessary flexibility. Its structure is the preferred format today and it offers you a products template that includes all that should be included in an Exporters & Importers business plan geared toward success. The financial projection workbook is among the best in the world and knows no competition. It's the best value your money can buy when it comes to business plan software. wholesale listings of vendors offering closeouts, surplus, factory overruns, and bargain merchandise, at wholesale pricing with low minimums.

Make a budget & save money as possible before starting.

This is important to note : People go into business without any savings, exclusively using loan money from friends, banks, or the money lender. They except to be able to start paying the loans back right away with their profits. What these business owners don't realize is that it can take months or years to make a profit. And once a lender discovers a business isn't as profitable as expected, the lender is likely to call in the loan or refuse to renew it for another year. Often new business owners then have to take out home equity loans or use credit cards to pay off their loans (which puts their home and credit rating at risk).
A better plan is to save up as much of the needed investment money as possible, including your living expenses for the first year, or even two. Odds are that your business won't be profitable for one to two years. Even if you get plenty of business coming your way -- and your customers pay you on time, which isn't always a sure thing you'll want to be able to invest most of that money back in the business for space, equipment, advertising, and insurance needs etc.

Start from the minimum.

Start with minimum.
Don't rent premises if you can work somewhere else, and don't hire employees until you can keep them busy. (You can hire independent contractors or temps in the meantime.) People who start their small business on the cheap, often in a garage or some other scavenged space, and create their first goods or services with more sweat than cash, have the luxury of making their inevitable rookie mistakes on a small scale. And precisely because their early screw-ups don't bury them in debt, they are usually able to learn and recover from them.

Save & Protect your personal assets.
how & if you will make a profit.
Always make a business plan, even how short it is.

Keep a competitive edge of market.

Building a competitive edge into the fabric of your business is crucially important to long-term success. Some ways to get this edge are by knowing more than your competitors, making a product that is hard or impossible to imitate, being able to produce or distribute your product more efficiently, having a better location, or offering superior customer service.
One way to hold on to your competitive edge is to protect your trade secrets - confidential information that gives you a competitive advantage in the marketplace. Examples of trade secrets include customer lists, survey methods, marketing strategies, and manufacturing techniques. To protect your trade secrets under the law, you need to take steps to keep the information confidential. This includes marking documents "Confidential," using passwords to protect computer information, using nondisclosure and/or no compete agreements, and limiting access to employees with a reasonable need to know the trade secrets.
Another way to keep your competitive edge is to react quickly to bad news. Once you see that your business faces some kind of adversity, you need to come up with a plan to deal with it immediately. This may involve moving your offices, introducing a new product or service, or developing a better way to reach customers.

Useful tips for starting NEW BUSINESS for success, from our research & different sources.