Welcome to Admin Junkies, Guest — join our community!

Register or log in to explore all our content and services for free on Admin Junkies.

How To Start A Business In A Developed Country?

The documents are very necessary to validate every information you have provided in the loan application form which you filled and submitted. If they make it easy to get the loans without detailed information and documentations, there will lots of mismanagement in loans given out.

When it comes to starting a business in a developed country, things could be much harder. You may not even get a loan easily because most of the countries require you to have enough capital in order to start a business.
 
Advertisement Placeholder
In developing countries, you are going to be asked to provide a lot of documents that don't even make sense as far as I am concerned. It should be looked as once there is a way to prove that your business is viable, you should be able to get the needed loan.

Even in developing countries, I believe that the government offices where business registrations are carried out will also ask for the business owners to provide all the necessary documents to verify the business and successfully have it registered. It's just like getting permit to run the business.
 
Starting up a business in general can be rather stressful be it in a developed or developing country. It takes a lot of research and preparing before you can startup a business. Take time out to study all that there is to know about the business and how much it would cost you to start the business.
 
Starting up a business in general can be rather stressful be it in a developed or developing country. It takes a lot of research and preparing before you can startup a business. Take time out to study all that there is to know about the business and how much it would cost you to start the business.

It was definitely very difficult when I was trying to start my own business of poultry and fish farming especially when it comes to being able to find a spot where I am going to set up the business. This is because the whole option that I was trying to make use of was completely high and above my budget. Even when I had challenges with doing all the registration that was involved, being able to secure a spot was the most difficult aspect.
 
It was definitely very difficult when I was trying to start my own business of poultry and fish farming especially when it comes to being able to find a spot where I am going to set up the business. This is because the whole option that I was trying to make use of was completely high and above my budget. Even when I had challenges with doing all the registration that was involved, being able to secure a spot was the most difficult aspect.

I think that starting any kind of business in a developed country could be quite hard until or unless you are selling something unique which is not available in that country. This is also one of the main reasons why so many people market and promote unique products in a different country and this helps them make money.
 
I think that starting any kind of business in a developed country could be quite hard until or unless you are selling something unique which is not available in that country. This is also one of the main reasons why so many people market and promote unique products in a different country and this helps them make money.

It is going to be very difficult for you to see a business that you are going to sell products in a developing country which have a particular product that haven't been existent in the market. Almost all businesses have their competition in the market but the only thing that makes sense is how you are able to add some creativity and uniqueness to your own products to give it an edge in the market.

It doesn't matter the kind of business that you want to start in a developing country, the process of registering the whole business and getting permit for them is always the same.
 
The truth is there are a lot of ways that they can access your data online if the country is serious with keeping the data base strong and available to institutions that may need it for their transactions such as granting loans to their customers. This will eliminate the stress of asking for lots of documents.
There may be so many ways they can access your data online but they will need your approval to do it. If they get the approval, it may seen as data theft and they can be sued for doing something like that. This is why they request for the documents to be submitted by the owner.
 
I am based in a developing country. My first business was a publishing house, my second business was a restaurant, and my third business was a dairy farm. All of my businesses failed. IN order to start a business, you first need to fulfill legal formalities such as registering with the local government

It is very unfortunate that all your business that you have started have not been able to be successful and it's something that can actually be very frustrating. I knew how challenging it would have been for me when it comes to not having my business fully registered because the way our government operatives behave here, they will go to any extent to frustrate your business if they find out that you're not registered.
 
It is going to be very difficult for you to see a business that you are going to sell products in a developing country which have a particular product that haven't been existent in the market. Almost all businesses have their competition in the market but the only thing that makes sense is how you are able to add some creativity and uniqueness to your own products to give it an edge in the market.

It doesn't matter the kind of business that you want to start in a developing country, the process of registering the whole business and getting permit for them is always the same.

This depends entirely on the kind of product I am selling. There was a time when Arabic Shawarma was not at all that much popular in my own home country until it was introduced by many people. This particular food gained access in the market place and now it is a very common thing. If you want to start a business in a developed country, you may need to predict how a product will perform in the market.
 
This depends entirely on the kind of product I am selling. There was a time when Arabic Shawarma was not at all that much popular in my own home country until it was introduced by many people. This particular food gained access in the market place and now it is a very common thing. If you want to start a business in a developed country, you may need to predict how a product will perform in the market.

The popularity of a particular business product is always as a result of how good that product is for those that are making use of it because they are the ones that are going to start promoting and referring the same product to other people who are yet to be aware of it. I believe that is exactly what happened with this particular product in your country because the product became so good that people now had more interested in making use of it.
 
The popularity of a particular business product is always as a result of how good that product is for those that are making use of it because they are the ones that are going to start promoting and referring the same product to other people who are yet to be aware of it. I believe that is exactly what happened with this particular product in your country because the product became so good that people now had more interested in making use of it.

It might be possible that people of a particular country may like the product you introduce. There are many local companies who have tried to copy the products manufactured by different international companies. However, they have failed to do so. This is why starting a business in a developed country might be a bit difficult because you may never know what the people of that country love.
 

Log in or register to unlock full forum benefits!

Log in or register to unlock full forum benefits!

Register

Register on Admin Junkies completely free.

Register now
Log in

If you have an account, please log in

Log in

New Threads

Would You Rather #9

  • Start a forum in a popular but highly competitive niche

    Votes: 9 27.3%
  • Initiate a forum within a limited-known niche with zero competition

    Votes: 24 72.7%
Win this space by entering the Website of The Month Contest

Theme editor

Theme customizations

Graphic Backgrounds

Granite Backgrounds