Computers and IT in Tenerife

If you run a business in Tenerife, then you will probably be aware that there are some skills shortages on the island, and one of these areas is in the implementation and support of IT systems.  There are many self acclaimed computer experts, but your network and computer system will probably form the backbone and nerve centre of your business and is not an area where you should compromise.  When technology goes wrong, it makes a direct impact on your bottom line, and in some cases it may even spell disaster.

If you are moving to Tenerife and thinking of running a bar, then you will be interested in a new blog about Tenerife Bars for sale.  You’ll find down to earth advice as well as a handpicked selection of the best bars on the market at the moment.

Planning your business

English speaking expatriates may originally have restricted themselves to one or two industries such as running a bar or renting out apartments, but times have certainly changed.  We own schools, shops, health practices, newspapers, building companies, insurance brokers, companies that sell, lease or repair vehicles, travel companies, a myriad of different services: in fact the list is a very long one, and growing with each passing year.  Like anywhere, the keys to starting a successful business in Tenerife are research and planning, as well as finding a niche that is sufficiently lucrative to support you.  A good advisor is essential.

Bank deposit guarantees rise

Spain has increased its bank deposit guarantee from the previous 20,000 Euros to the new, higher level, of 100,000 Euros.  Bank deposits in Tenerife are protected by this system.

Buying a business in Tenerife

Buying a business in Tenerife requires research, careful attention to detail and heaps of common sense.  Tenerife Lifeline covers the purchase process; taking you through which documents you need including the opening license, the traspaso, contracts, outstanding debts and bills, lawyers, notaries and using a business transfer agent.Using a specialist business transfer agent will be a definite boost to your progress, and you will benefit from a real insight into running a business on the island. 

Lifeline links up with Tenerife Business Pages

Tenerife Lifeline and Business Pages Tenerife plan to work closely with each other in the coming months.  There is a great deal of synergy between a book that helps you to live on the island and a Tenerife Directory that lists so many useful contacts. 

Business in Tenerife

Some businesses start from inspiration, others from necessity.  If our skills don’t fit into the employment market, the most adaptable amongst us will find other ways to utilise those skills.  Running a business anywhere in the world is always a challenge.  To do so in a country that is not your own, with systems that are unfamiliar and in a language that you might just be getting to grips with, may seem a daunting task.  Even so, Tenerife is home to many thriving companies and entrepreneurs.  The natural barriers of culture and bureaucracy are not insurmountable as long as you have a good business plan and you have researched your market niche well. 

Business schemes and finance in Tenerife

Raising money for a business can be a difficult task, but not impossible.  Of course the first port of call for most people is their bank, however even at the best of times, banks can be unwilling back a business.  There are a number of alternative avenues from both the private and the public sectors that may prove suitable, and for which you and your business might be eligible.  Tenerife Lifeline looks through the different facilities available and useful links about business schemes and finance are below.

Tax and accounts in Tenerife

As in any country, there are legal and conventional ways to ensure that you pay as little tax as possible and much of your ability to do so will rely on the skill and attentiveness of your fiscal advisor.  Accountancy is not simply a matter of tallying the books and record keeping: an experienced advisor should be able to save you money in the long term, as well as offer advice based on the accumulated knowledge of many other businesses like your own.  There is an enormous amount of potential to minimise your tax liabilities.  To take the best advantage, a business needs to be aware of what potential incentives there are and take these into account at all stages of business planning.  That means getting good advice and taking care to select the right asesoria.

Exchange Rate Hides Changing Market

The weak Pound has masked an underlying trend in tourism that will affect many expat owned businesses on the island.  The nature and demographics of the British tourist is evolving and business owners in Tenerife need to adjust to changes in their market because even an improvement in foreign exchange rates may not bring back their custom.

Free WiFi in Tenerife!

A new free wifi internet service has finished its test phase and will be rolling out coverage over the Costa Adeje areas of Playa de las Americas and Los Cristianos in Tenerife.  The new WiFi Mundo system offers free wifi in Tenerife that can be accessed by phone or laptop, along with a range of other services. 

Marketing in Tenerife

Marketing works the same in Tenerife as anywhere else in the world.  You will need to find the right message to appeal to your potential customers and the best medium to deliver it.  The fastest growing and, for many businesses the most economical, form of promotion is the internet.  Whereas other forms of marketing may be an option, an effective website for most businesses is a necessity.  Finding a good website designer however need not be a complicated issue.

Marketing in Tenerife

If you run a local business theres a great new resource to help you improve your marketing in Tenerife and the Canary Islands.  Leslie Beeson, the author of Tenerife Lifeline has started a new blog based on his professional marketing experiences so expect a constant stream of valuable content.

Minimum Wage in Spain Rises

The minimum wage is to rise from €600 per month to €624 in 2009. 

Moving to Tenerife in a recession

Planning to move to Tenerife during the darkest recession the world has seen for many years is not a bad idea on the face of it.  “I’d prefer to be warm and broke in Tenerife than cold and broke in the UK,” said one recent arrival, which is a typical response amongst many. 

Property and jobs in Tenerife are some of the biggest concerns, as is the Tenerife economy.

You can make your move to Tenerife in a recession much easier, save an enormous amount of money and make your life in Tenerife as stress free as possible by having the right information at your fingertips.  You need understand the health system, education, social security, tax, driving… or it will affect your pocket. 

Work with Tenerife Lifeline

There are a variety of ways in which you can work with Tenerife Lifeline.  You can become a stockist, an affiliate, get a banner on www.tenerifelifeline.com, advertise on a newsletter, get an advert on the Tenerife Lifeline 2009 calendar / bookmark or even sponsor a page or section in the book.