4 Simple Strategies to Improve Your Business Success Rate

Doing Business in Egypt

1. Professional development

No matter what category your business happens to fall in, one thing is necessary in order for you to provide your customers extreme value: to make the commitment to continuously learn and study what's “hot” in your field.

If you spend an hour a day to learn about and research your field, you will instantly start to set yourself apart from your competition. Those hours begin to add up quickly and before you know it, you’ve entered an elite category.

A valuable piece to the research aspect is paying attention to what your market needs and what your customers are saying.

2. High quality products/services

One of the quickest ways to set you apart from the competition is to provide your customers with high-quality products at the same price as your competitors. Quality is everything when it comes to growing your business. Spend the time to plan, organize and deliver top-notch quality products/services in everything you do.

3. Customer value

Providing value in the lives of your customers is extremely important when thinking about creating lasting business success. If you are not changing or adding extreme value to your customers’ lives, your business will hit “stall mode” very quickly. The stall mode is when you truly believe you are doing everything right and working extremely hard, but the results and success aren’t present to show for it.

Start asking yourself regularly before you take on a new task or release a new product or service, “What is the value for my customers in this product?” If you can’t think of an ample reason as to why your product or service is of extreme value, then chances are you should go back to the drawing board to plan and recoup some new ideas.

4. Serve over everything

It boggles my mind when I see a business pay more attention to what they think is right rather than to what the customer has to say. Listen, we all make mistakes and some of the best business people fall into this category as well.

If a customer isn’t satisfied or happy, you have to do everything in your power to make that customer happy. Give them what they want. Even if your customer was the one who was wrong, take the initiative to fix things and correct them immediately.

When you wake up each morning asking for more ways to better serve current customers, you will dramatically boost your business and success rate. Always think in terms of serving.

By implementing these four simple strategies, you can maximize your success rate, increase profit margins and create longevity in a competitive marketplace.

Source : https://www.entrepreneur.com/article/239706

Doing Business in Egypt - Create a Company in Egypt 

Doing Business in Egypt

Doing Business In Egypt

Fathalla CPA – specialist in performing Companies in Egypt , we have super skills to cover you doing a reliable business in Egypt and middle east.
Our clientele are truly international; we work with national and multinational firms from all over the world, for instance, the UK, the Netherlands, Japan, Kuwait, Pakistan and Turkey.                                                                                                                                     Our ServicesAll Tax Services Auditing & Assurance, Accounting & Bookkeeping, Establishing all forms of companies, Legal services, Feasibility Studies, Zakat Services, Establishing financial & accounting system, Training Courses.

Doing Business in Egypt

Fathalla CPA – specialist in performing Companies in Egypt , we have super skills to cover you doing a reliable business in Egypt and middle east.

Our clientele are truly international; we work with national and multinational firms from all over the 

world, for instance, the UK, the Netherlands, Japan, Kuwait, Pakistan and Turkey.

http://www.fathalla-cpa.com/

 

Do you want to save your cost of manufacturing while maintaining the same level of quality?

Fathalla & Co. can help you to save your cost of manufacturing while maintaining the same level of quality. How? By manufacturing your products in Egypt under your supervision then export to European markets. We can help your company to meet & connect to Egyptian companies in your field to produce any products at a low cost with the same expected level of quality

As an a example, if you produce a shirt in Egypt, you would save up to 60-70% instead of producing on European grounds … The basic idea here would be to produce in Egypt and then export to Europe. The result?  Same quality, low costs. This way you can ensure a bigger profit margin while having the same high standards. 

 

Key advantages of doing business in Egypt:

• Cheapest and skillful labor (average labor cost =100 Euro per month)
• Cheapest electricity (cost of electricity in Egypt is 1/3 of what is p[aid in Europe)
• Cheapest energy cost in the world
• Best trade agreement with many countries like (USA, Arab countries, Turkey, Africa, etc.)
• Best weather throughout the year.
• Highest profit margins (20-30% or even more)
• Lowest tax rate (20% on profit)
• Strategic location in the world

 

   For millennia Egypt has been one of the most strategically important places on earth, and often one of its most culturally influential.In recent years has shown that the country is politically and economically stable, to establish close economic relations with other countries.

  Briefly introduce the economic situation in the country and accounting for investments in 2015.

  Foreign Direct Investment in Egypt increased by 2595.80 USD Million in the second quarter of 2015. Foreign Direct Investment in Egypt averaged 2311.25 USD Million from 2002 until 2015, reaching an all time high of 5572.50 USD Million in the fourth quarter of 2007 and a record low of 40.70 USD Million in the second quarter of 2002. Foreign Direct Investment in Egypt is reported by the Central Bank of Egypt.