Doing business in the Czech Republic

Thèmes abordés

Doing business in Czech Republic, Czech Republic, Doing Business in Eastern Europe

Résumé du document

To start with, let us describe how we are going to work on the project of the establishment of our hotel. We decided to have a clear idea about our project in general. We will make you discover what the concept of our hotel is and how is it appealing. At the same time, we will talk about the country where it was first established in (the Czech Republic) and the city (the Capital: Prague). In the first part, we will give our missions and objectives. In the second part, one can have a look at our internal analysis. It is important, indeed, to have an idea of our strengths and weaknesses in order to limit them once we are established. Then, we will define our project in the Czech economy and we will discuss about the external analysis. This analysis will allow us to be aware of the managerial and financial barriers that we may have to face. In the same way, we will say why cultural barriers have to be taken into consideration. The establishment part will be the most important to get know about our rights in the country. We will describe our business model as well as our mode and timing of entry. A large part will be concentrated on the set up factor. How to start a business? What about registering property? How will we get the funding? What kind of approach should be used when hiring our future staff? And to finish, what are our key success factors?

Extraits

[...] ( We may conclude that in terms of salary it will be very profitable for us to hire employees in Czech Republic. Moreover, most of Czechs speak English, and knowledge of other European languages - German, French, Italian and Spanish is also growing. A working week for an employee consists of 40 hours which is perfect in case of hotel industry, comparing to 35 hours in France. Key Success Factor: The Hi Hotel is an original and entertaining hotel concept. [...]

[...] The Implementation part will be the most important to get know our rights in the country. We will describe our Business model as well as our mode and timing of entry. A large part will be concentrated on the set up factor. How to start a business? What about registering propriety? How will we get funding? What kind of approach choosing to hire our future staff? And to finish what are our key success factors? Explanation of the concept More than a hotel, the Hi is a concept. We gave us carte blanche. [...]

[...] On entering, you discover a vast bathing area with a lava stone bathtub. This room has a private terrace, a complete living space with shower and adjustable seating. MONOSPACE: The room is an open space, with three sections, each one associated with a color or a function: comfort, relaxation and breathing. STRATES: This room should be lived in layers: from bottom to top, store, rest, hydrate, energize, decompress, dream. The different functions are not distributed horizontally but vertically to change our view of daily life. [...]

[...] In the end, however, it may lead to significant benefits for companies. Compliance with the environmental regulations is managed through a system of economic tools, especially with the help of positive stimulation in the form of subsidies, guaranteed loans, soft loans, tax advantages, and others. Aside from that, those companies who comply with environmental standards enjoy a better image, and, consequently, a competitive advantage on the national and international markets. There is also direct impact on the costs (for instance, a smaller amount of waste means lower cost of processing waste; introduction of new technologies not only saves energy but also increases productivity, etc.).[14] Legislative As regards legislative measurements, the Czech presidency arrived, within the framework of the realization of the Community part of the plan of revival, to obtain an agreement on the possibility of applying a reduced rate of VAT to the services with strong intensity of labor provided locally. [...]

[...] Getting Credit: It could be interesting to see if it is profitable to get a credit in Czech Republic, while in France it is quite difficult. Below we may see the measures on credit information sharing and the legal rights of borrowers and lenders. The Legal Rights Index is which that those laws are quite well designed to expand access to credit (almost like the average 6,8). The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. [...]