Re: Buiseness Start Up In Dubai
Jun 19, 2014
The first step is to have a business plan for your company outlining your product or service and the expected returns for investors. A thorough feasibility study and market research should be done. What is the demand for your service? What is the supply in the area you intend to provide your service? What is the market rate for your service and the expenses you will incur. What is the expected return over a 5-year period. What other expenses will you incur, such as rent, secretarial, advertising, etc. During the first year or two, you may not be profitable so how much working capital (cash) do you require to cover expenses during this period? Once you answer these and other questions in your business plan and prepare pro forma financial statements for the next 5 years, you can present them to potential investors.
- Radeya
- Dubai Forums Enthusiast
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