Given that Bahrain offers a supportive ecosystem for investors, potential business owners should consider Bahrain as a serious investment destination for their business growth.
The Bahraini Government understands the relevance of economic diversification as a way of economic growth. This is reflected in the multiple initiatives that have been carried out by policy makers resulting in Bahrain being positioned as an attractive investment destination for potential investors.
Following factors position Bahrain as an attractive investment destination:
If customers can’t find it, it doesn’t exist. Clearly list and describe the services you offer. Also, be sure to showcase a premium service.
Having a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.
Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.
Have you opened a new location, redesigned your shop, or added a new product or service? Don't keep it to yourself, let folks know.
Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.
Since Islamic Financeand Enterprise Support Programmes have become detailed, the approvals are taking long time and there is a long waiting period. Similarly as more businesses offer Investment Options to investors, the marketplace for private investment options will be significantly crowded.
SMEs should consider the following points while deciding on their investment decisions:
1. Limited Amount of Funds for Support: There is a limited amount of budget available for Tamkeen’s Enterprise Support Programme applicants which, based on the existing situation, may not last forever
2. SophisticatedApproval Process: The overall approval process of Islamic Financeand Enterprise Support Programme has become comprehensiveand there is already a long waiting period for these subsidies
3. Increasing Number of Applicants: Given the current economic situation, the number of applicants is increasing and as a result, this will increase the waiting period further
4. Market Crowding: As increasingly large number of businesses are offering equity for investment in their business, the investment options for investors continues to increase, reducing negotiating leverage for business owners
Given the current situation, we encourage the SMEs in Bahrain to not delay their applications and plan effectively to realize the “True Potential” of their business…As Early as Possible!
Copyright © 2019 STOIK Advisory Services - All Rights Reserved.