The Ancient Capital of the Western World is now the Capital of a decaying country, with a deep and dangerous politic and financial recession. Said that we need to keep in mind that the nation have an enormous potential to expand and was constantly among the top 10 nations around the world by GDP. Although the nation has all huge unemployment problem is still feasible, or better, is necessary start a business. In a Land with an remarkable cultural, historic, architectural, gastronomic and landscape variety, manufacturer of food and fashion well known everywhere, this little big country is a place where business can start and grow mainly in two areas: tourism and export.
Rome’s economy is mainly based on a considerable flow of tourists. Tourists arrive from Italy and from every single country of the world. Thanks to tourism, it is possible to create successful business.
If you want to create a business in Rome you need to be aware of some facts about this city and about the country: you should consider the following suggestion.
This country is the empire of bureaucracy. Taxes and rules are difficult even for experts, you need a very good legal advisor and an accountant in Rome, and you need to do networking as soon as possible from the moment you arrive in the city. Ideally you should meet people with the right personal network.
Romans often speak without having the necessary knowledge. Do not trust a person just by his apparence. You will need to double check each information you base your business on.
The only safe way of selling is being paid by cash. Otherwise you need to expect the risk of not being paid. Be extremely careful with it. The number of never paid invoices is massive. Don’t face this risk without all needed checks. Trying to cash your credits could possibly be quite expensive in terms of time and money, with no assured results at all.
Sooner or later you will need the help of a lawyer, an engineer, or other professionals. You MUST check their costs before signing anything. There are significant differences in the rates that different professions apply tp their customers. Not only it could be high priced, but it could be even more expensive just because you didn’t ask before saying “yes”.
Rome is a huge opportunity for business based on tourism. Even if lot of services are already provided, there is always room for new services or improvements in conventional services. The quality of the service is often under the expectations of the buyers, so if you are able to deliver quality at a low price, you will be the next emperor of Rome. Many firms offer the service of combining tourists accommodation with other experiences such as museums in the day and clubs in the evening. Stay away from classic restaurant for tourists that offers low prices for a “menu of the day”. It would be very frustrating to travel for thousands of miles to find an Italian restaurant in Rome which is worst than the one in his local community overseas.
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