Lanzarote Relocation

Posts Tagged ‘lanzarote business’

Whether starting a business or buying an existing business in Lanzarote, information is there for the taking. However there are several important things to consider before you book those plane tickets.

With more people moving to Lanzarote to start a new life, the demand for an exceptional level of customer satisfaction is growing, leaving the market wide open for anyone of a serious mind wanting to start their own business here.  Gone are the heady days of people being able to “give it a go”… as whilst the credit crunch is on, people are much more reserved and sceptical about where they spend their money. For us this has been a good thing… and our business has grown exponentially because of it. However, sadly many businesses have fallen by the wayside leaving those unfortunates at Arrecife Airport waiting for their next flight back to the UK, or starting up another business on the Island in a different industry – just to erm… give it a last ditch attempt to remain.

You can of course avoid this if you remember the following very important points.

Before you start any new venture in Lanzarote – you will have of course examined the market to make sure there is a sensible market for what you want to do. Well… at least we hope so!

Do remember that Lanzarote is not the United Kingdom or Ireland – and life here is very different. Just because you were able to produce a particular widget back home, does not guarantee that anyone will be the remotest bit interested here.

Finally, if you are buying an existing business in Spain it is vital that you examine every aspect of the business before signing anything or parting with your money. It is crucial that you ensure the company has no debts or tax liabilities that would be transferred with the business.

Take the advice of experts. Speak to those who are already proving their salt by sticking to their guns, and making a success. Speak also to those that are “in the know” and have plenty of contacts available to assist you with all your legal questions. Don’t cut corners… but do it right!

STOP, LOOK & LISTEN – Take your time when buying a business
Buying a business is a serious consideration and yet people still come to Lanzarote every year and make quick decisions within a couple of days to buy a place. Read the rest of this entry »

I’ve spent many years involved with all types of businesses spanning many industries – and I am enjoying myself now as much as ever. We’ve been lucky enough to be quite successful here so far, the problem with that is – as is the case anywhere – this breeds imitators. Read the rest of this entry »