Once Ready
Investment Support
Once Ready to Invest in Bahrain
Task 01
Make up your mind
Entrepreneurship offers many rewards, but you must be prepared and committed. Take whatever time is necessary to determine if you are ready; this will be time well spent.
Task 02
Find someone to mange
Never think you can do it alone! One of the best ways to insulate yourself against business failure is to find and work with a mentor, someone with business experience who can guide and assist you.
Task 03
Prepare a Business Plan
A written guide to starting and running your business successfully is essential. This plan will encourage loans, promote growth, and provide a map for you to follow.
Task 04
Finance Start-Up
All businesses require some form of financing. An integral component of starting a successful business is raising sufficient capital. There are many challenges here, but numerous resources are available to help you.
Task 05
Get in to an existing business
Once the decision is made to start a business, often the next decision is either to buy an existing business or start a new venture from scratch. There are advantages and disadvantages to both options.
Task 06
Buy A Franchise
Business franchising offers many opportunities. This form of ownership has helped many entrepreneurs get started in business and succeed
Task 07
Name Your Business
There is more to naming your business than just coming up with something that sounds good and you happen to like. Thought must be given to state and local requirements and making sure you don’t infringe upon the rights of someone else’s business name.
Task 08
Choose a Structure
Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.
Task 09
Protect Your Ideas
Innovations and new product ideas are valuable assets of a business. These assets need to be protected so that your rights are not infringed upon by others.
Task 10
Get Licenses and Permits
Most states and many cities and/or counties impose licenses and permit on a wide variety of businesses. The operation of your business will most likely require such a tax.
Task 11
Pick a Location
Choosing the right location for your business can be a major factor in its success or failure. A good location may allow a struggling business to survive, but a weak location could mean trouble for even a very well-run business. Make sure you know all the legal restrictions of your place of business.
Task 12
Lease Equipment
Sometimes leasing equipment, instead of buying it, can be the best option for your business. However, there are many variables that should be considered, including costs, use restrictions, legal parameters, and others.