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Business Location Rostock - What Opportunities Does the Baltic Sea Region Offer?

06/23/2023 | By: FDS

Rostock has developed into an important business location in northern Germany in recent decades. The city is an important port for freight and passenger traffic on the Baltic Sea and a major location for the maritime industry. Shipyards, shipping companies and suppliers to the shipbuilding industry are located here.

Rostock is also an important hub in the logistics industry. The port has modern infrastructure and good transport links via road, rail and waterways. Goods from Scandinavia, Russia and other Baltic Sea states are transshipped here and transported onward.

Another important industry in Rostock is tourism. The city attracts many visitors every year who enjoy the historic old town, the beaches on the Baltic Sea and cultural events. There are numerous hotels, restaurants and recreational facilities that provide jobs.

The University of Rostock also contributes to the city's economic development. The university is one of the oldest in Germany and has a good reputation in research and teaching. Innovative ideas and technologies are developed here that drive the economy in the region.

Overall, Rostock as a business location offers a good infrastructure, a favorable location on the Baltic Sea and a wide range of industries and companies. The city is an important driver of economic development in Mecklenburg-Vorpommern and contributes to the creation of jobs and prosperity in the region.

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Startup Ticker Week 24/2023: 1,604 company startups in Germany

06/22/2023 | By: FDS
In calendar week 24/2023, a total of 1,604 new companies were recorded in Germany and entered in the commercial register.
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What are the most common objections in B2B sales conversations?

06/22/2023 | By: FDS

In B2B (business-to-business), the most common objections from potential customers can vary by industry and product or service. However, here are some of the generally most common objections that can arise in B2B sales:

Price: Price is often a big objection, especially if the offering is perceived to be more expensive than expected.

Need: If the potential customer doesn't feel that they really need the product or service, or that it doesn't meet their current needs, they may object.

Time: Sometimes it is just not the right time for the potential customer to accept the offer, possibly due to restructuring, budget issues, or other priorities.

Risk: If the potential customer has concerns about reliability, quality, or customer support, they may object.

Competition: If the potential customer is already working with another vendor or has received quotes from other vendors, they may object to the offer.

Decision making: In many organizations, decisions must be made by multiple people, and it can be difficult to get all the decision makers around the table.

It is important to understand and address the potential customer's objections in order to move the sales process forward. By answering questions and offering solutions, you may be able to address concerns and convince the customer to accept your offer.

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What should be considered when starting a business?

06/21/2023 | By: FDS

There is a lot to consider when starting a business. Here are some important points:

Business idea and market research:

A good business idea and a thorough market analysis are the first steps to starting a successful business. It is important to ensure that there is a demand for your product or service and that you have a meaningful strategy to differentiate yourself from the competition.

Business Plan: A well-thought-out business plan is essential to attracting investors, obtaining loans, and keeping your business strategy on track. A business plan should include a summary of your business idea, market analysis, finances, marketing and sales strategies, and your goals and plans for the future.

Business Plan.

Legal Form: The choice of legal form in which you start your business will affect your liability, tax obligations and other legal matters. There are several options, including sole proprietorships, partnerships, limited liability companies, or corporations.

Finances.

Finance: Solid financing is critical to the success of your business. You need to carefully calculate how much start-up capital you will need, what your ongoing costs will be, and how you can make your business profitable. You should also develop an accounting and tax strategy.

Permits and licenses: Depending on your business and legal form, you may need permits and licenses to operate legally. These can vary widely by location and industry, so it's important to do your research in advance.

Permits and Licenses.

Personnel: If you are looking to hire employees, you will need to learn about labor laws, social security, insurance, and other legal issues. You should also develop an application process and create clear job descriptions and employment contracts.

Personnel.

Marketing and sales: to attract customers and make your company known, you need a strong marketing and sales strategy. Here you should consider which target group you want to address, which channels are best suited for this and how you can stand out from the competition.

Marketing and Sales: To attract customers and make your company known, you need a strong marketing and sales strategy.

There are many more aspects to consider when starting a business, but these seven points should give you a good overview. It's important to do your research thoroughly and, if necessary, seek professional help from tax advisors, lawyers or business consultants to maximize your chances of success.

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Which reputable rating portals are there?

06/20/2023 | By: FDS

There are a number of reputable review portals that specialize in different industries and fields. Here are some examples:

TripAdvisor: TripAdvisor is one of the most well-known and widely used review sites for hotels, restaurants, and attractions.

Trustpilot: Trustpilot is a global online review platform that focuses on businesses and services.

Yelp: Yelp is a review portal for local businesses, including restaurants, bars, stores, and service providers.

Google Reviews.

Google Reviews: Google reviews are a major source of reviews for businesses around the world and are displayed directly on the Google search results page.

Kununu: Kununu is an employer review platform that allows users to rate their working conditions, work environment, and management.

Jameda: Jameda is a German review platform for physicians and other health care providers.

It is important to note, however, that not all review portals are equally trustworthy, and some may contain fake reviews. It is therefore advisable to consult several rating portals and critically examine the reviews before making a final decision.

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