Thursday, 29 September 2011

Starting a Business in France

There is now a site dedicated to Starting a Business in France. This site is in English and there is some great advice about Starting a Business in France.

Here is an extract from Starting a Business in France site with an article title: 5 Reasons why your French business might fail

I’ve worked with hundreds of French and English entrepreneurs over the past 5 years, helping them set up, develop and market their business. What strikes me this year is that some entrepreneurs have had to close their business in the very same year they launched. Yes the economic climate is tough, but in my experience this was rarely the cause of the business to fail.

I many cases the failure is linked to one or more of the following 5 reasons:

  1. Lack of, or poor market research
  2. Stock related issues
  3. Lack of investments and under funding
  4. Marketing plan with no, or an unrealistic budget
  5. Lack of support
Reference: 5 Reasons why your French business might fail

If you are looking to start an existing business in France - here are some existing businesses in France

More tips about Starting Your Business in France

One way to earn an income is to buy an existing business in France. Depending on your budget there are opportunities from bars to hotels and plenty in between. In general businesses are expensive in the South. "Rural" located businesses tend to be cheaper. Lakes are in good demand as fishing businesses.

Gites and B&Bs

One of the favourites! In terms of businesses, this is a very popular way forward. Typically a "Gites" business consists of a property for the owners and several other units for letting purposes. The other units are often converted barns or outbuildings. If you are considering this option, please remember that the letting season is typically just July and August. There is plenty of competition! So you may need a USP and a good location near one of budget airline airports to extend the season.

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