6 Reasons to Buy a Canadian Business for Sale

July 3rd, 2009
Anne Brown asked:


Buying an existing small Canadian business for sale can be a great decision towards achieving your financial independence and pursuing a passion you may have.  It is not for everyone though – there are risks involved that you must address.  Buying a small business requires capital, time, hard work and the ability to handle some moderate risk.  Please use care regarding the Canadian business for sale you are interested in – consider if purchasing the business is the right decision for you.  That being said, this article lists some of the more common reasons that people decide to buy a small business.

Customers. When you buy an existing Canadian business for sale there are typically existing customers already in place.  Many times start-up ventures fail for the simple reason that after the initial investment and work to get the business started that customers don’t arrive for quite some time (or not at all).  Having an existing customer base with an existing business is a major reason to buy an established Canadian business for sale.

Company reputation. When you start a company from the ground floor there is no existing reputation.  As a business owner in this scenario, you must work on building up your business’s reputation.  With an existing small business, there is usually an established business relationship existing in the marketplace.  Be careful to only buy a business for sale that has a good reputation!

Trained employees.  An established company will usually have staff in place that know their jobs and are fully trained.  Use caution and diligence when you buy a business to be reasonably sure that the staff will remain in place after the sale.  Mitigate any risks you think might be a factor.

Vendors are in place. Having good vendor relationships are crucial to the success of many small businesses.   When you consider buying an existing business for sale you may find that these critical relationships are already setup and the work to set these up has been done.  Confirm this during the due diligence process.

Operating systems are established. Starting up a new venture requires some trial and error with respect to the operations and usually involves some work in getting the ‘bugs’ out.  When you buy an established Canadian business for sale then there is a strong chance that most or all of the operational ‘bugs’ are already worked out of the system.

Well known existing location. Buying a small business that has been in operation for many years out of the same location has significant benefits.  Example – buying retail clothing score in a well-known Toronto or Hamilton, Ontario location that is recognized as a ‘destination’ spot to buy clothes has significant value to a business buyer. 

Cashflow. Buying a business with existing sales volume means cashflow on day one of owning the business.  Cashflow is the key to any business success so this is certainly a key benefit to buying an established company.

When you buy a Canadian business for sale it is important to recognize the clear benefits that come from acquiring an existing operation.  Please use caution and do a thorough due diligence before you sign on the dotted line.  Working with business brokers is a wise decision and you should always consult with a lawyer and accountant before you buy a small business.



Getting Small Business Loans with No Collateral in this Recession

July 1st, 2009
Business Local Listings asked:


The global financial crisis has made it quite difficult for companies, especially small businesses, to get business loans. Ironically, it is also in this situation that smaller companies often need additional capital infusion to boost income. You may need to get small business loans to acquire a better business location, construct a new building, renovate your premises, pay for new equipment, fixtures or furniture or increase inventory and working capital.

Most Small Business Loans Require Collateral

To get business loans, even small business loans, is a major challenge.

First you need to identify which among the many types of small business loans you need. Small business loans ranging from $5,000.00 to $35,000.00 are called micro loans. For larger needs, such as for the acquisition of land, buildings and other major fixed assets, development financing is what you should find. There are also import export loans as well as franchise financing. Do your research to find out if you are qualified for small business loans guaranteed by the U.S. Small Business Administration or SBA.

Any of these small business loans will require extensive preparations and paperwork. As a small business owner, you will need to prove your credit worthiness through a personal credit history report. Lenders will also require a business plan which includes your credentials as the business owner, your company financial statements, business assets and an analysis of your market. All of these should be packaged in a professional loan proposal which presents how the loaned amount will be used to strengthen the business and how you intend to repay the loan. Most of all, you need to present your loan collateral – the assets you will put up to secure the loan.  

Quick and Easy Small Business Loans with No Collateral

For smaller acquisitions or day to day business needs, there is a way for entrepreneurs to get small business loans easily and quickly with no collateral. This is through merchant services.

Merchant services provide credit card services to businesses. This enables them to accept and process payments through credit cards or debit cards either through face to face purchases, online transactions, or even by phone or fax. Merchant service providers supply terminal equipment for card swiping, as well as the necessary software and high speed IP solutions.

Most businesses need credit card services since consumers routinely pay for goods and services through credit cards and debit cards these days. If your business has not taken this step yet, you may have been missing out on more than half of your income potential.

These same merchant services also provide the solution for your small business loans. Collateral-free loans can be availed of through their cash advances, with the loan amount computation based on the monthly credit card revenue your business generates. Credit card sales requirements may be as low as $3,000.00 a month. You will not be asked for collateral since your future revenue is your collateral.  

The best types of merchant cash advances do not require fixed monthly payments nor do they impose deadlines on loan payment. A certain percentage is instead deducted automatically from your credit card revenue each month to go towards loan payment. This way, you never have to worry about loan amortization.

Once your cash advance has been fully paid, you may apply for another one. It is like having a revolving credit line. Make sure that you compare the terms of several merchant service providers, though, and read the fine print on contracts. There are so many merchant service providers competing for your business that you’ll surely find one that fits your needs.



Security Begins at Home and in Your Own Business

June 23rd, 2009
Business Local Listings asked:


Security has become a major concern these days and security systems are in demand in all areas of Tampa, Clearwater and St. Petersburg. We live in uncertain times. With the current global economic crisis, businesses are facing downturns. Now, more than ever, companies need to protect the bottom line not only by increasing profits but also by preventing losses. One of the major sources of loss in businesses is theft. This includes both external theft and internal theft. It can be theft of material goods or information. It can be theft against the company itself or against its clients. Theft in all forms is bad for business. Aside from theft, losses can also be incurred from fire. Then there is vandalism. Commercial security systems can provide video surveillance and alarms, as well as access control, to guard against these.

If you feel the need to protect your business, you should consider the security of your home, as well. After all, your loved ones are infinitely more important than your source of income. As jobs are lost at a large scale with no promise of alternative employment, crime levels are expected to rise. It is unthinkable to leave our families unprotected and at risk especially if there are security systems designed specifically for homes available in Tampa, Clearwater and St. Petersburg.

Commercial and Residential Security Systems

Discreet twenty-four-hour video surveillance can be provided with the use of digital surveillance cameras in residences or business locations. These cameras can be positioned strategically to give maximum coverage. Several can be made to work together.

When linked to a Digital Video Recorder (DVR), not only are images from the surveillance camera stored for later viewing, they are also made available for remote viewing anywhere around the world. All that is required is a static IP address, an internet connection and a computer. Any notebook, laptop or desktop PC will do. In other words, you can be sure that your home or business is under constant surveillance, night and day. You can check it out at any time in real time. You also have a permanent record of all surveillance tapes, whether you have viewed them or not, for future reference.

Surveillance alone will not suffice, though. Access control installed in all doorways ensures only authorized entry using security cards and prevents unwanted intrusion. Window and door sensors, as well as motion and glass break detectors, catch cases of unauthorized entry. Alerts are then immediately raised by alarms.

Fire safety detection and alarms, as well as life safety, can be provided, as well. All these are linked to a 24-hour emergency response system.

The entire package can be integrated into any intelligent building system, whether existing or customized. Service and support is available round the clock even on weekends. Upgrading and expansion is affordable as your needs change. Such security systems can be had through financing or by lease arrangements.

In choosing a security system for your home or business in Tampa, Clearwater or St. Petersburg, go for a market leader with a proven track record. One example would be the ProVision Security System trusted by Anytime Fitness health clubs for the security of all their branches and franchises worldwide. It is no mean feat to have been chosen by what is considered to be the largest 24-hour co-ed fitness club in the world and the fastest-growing global fitness franchise.

If you are considering acquiring a residential security system, perhaps you can ask for referrals to their residential clients in Tampa, Clearwater or St. Petersburg and get actual feedback. I would do no less if it were for my own family. The important thing is that you do everything possible to keep your family and your business safe and sound.



Businesses for Sale in Hamilton, Ontario

June 20th, 2009
Anne Brown asked:


The business environment in Greater Hamilton area

If you are in the market to buy a business for sale in Hamilton, please take some time to consider the changing local economic landscape and what that can mean for you as a business buyer.  This article will explore some of the unique features about the Hamilton business market that you should think about during your business search.



Hamilton is no longer a ‘blue collar’ dominated economy


For many generations, industrial production has been the backbone of Hamilton’s economy.  In many ways it still is but its prominence is certainly shifting.  In Hamilton today, steel and the associated ancillary companies are a major part of Hamilton’s business culture but a new realty is emerging.  Hamilton is transforming into a service-based business economy.  In fact, industrial production has been surpassed by the healthcare industry as Hamilton’s largest employer.  If you are looking to purchase an existing business for sale in Hamilton you should think about what this diversified local Hamilton economy could mean to you.



Downtown


Ask any Hamiltonian about “downtown” and you will certainly get a passionate response.  For many years the issue of Hamilton’s downtown revitalization has dominated the local media and many opinions have been formed.  The truth is that many of Hamilton’s businesses have left the downtown core and relocated to the outskirts of the city – as have many residents.  Further, the pressure from big-box retail and a changing workforce means that the traditional concept of what a ‘downtown’ is supposed to be is being challenged.  The City of Hamilton is doing much to stimulate business activity in the downtown core.  There are Business Improvement Areas (BIA) designated with incentives to businesses and property owners as well as aggressive residential loan programs designed to promote the creation of residential living units in the core.  If you are pondering a business for sale in Hamilton (especially in the downtown area) you need to investigate what the key drivers are for a successful business in Hamilton downtown.  A quick drive down James Street North will demonstrate the evolution of the area into a more vibrant art district, with many new businesses emerging.

Hamilton Airport

If you are considering a business for sale in Hamilton and if transportation is a vital piece of the business success you should explore the benefits of having an airport located within the city boundaries.

Location of Hamilton

The city of Hamilton is strategically located on the shores of Lake Ontario with relatively close proximately to Toronto, Lake Erie, Lake Ontario, London, Windsor, Lake Huron, Niagara Falls, Ontario and beyond.  Hamilton has port facilities, an airport, rail infrastructure and a vibrant business community.  All of these ingredients can indicate that Hamilton may be perfectly poised to re-invent itself as a major transportation hub for Canadian trade flows.  If you are thinking of investing in a ‘Hamilton business for sale’ the opportunities here should be considered.

What about a simple small business?

If you are not looking for a business for sale that requires shipping or airport infrastructure but are simply looking for a small business for sale in Hamilton that is well positioned to grow in the local economy, Hamilton does have many great options – but you do need to do your homework.  Talk to a local business broker to discover the business for sale Hamilton options available.  Check with the Hamilton Chamber of Commerce to talk to different business owners in the city and to network.   Hamilton has many excellent business for sale available but buying a business does take time, regardless of the city.



Business Cards Etiquette In Business Networking

June 19th, 2009
Muhammad Azeem Ashraf asked:


Business cards are an important tool to market your skills, abilities and talents. Regardless of whether you are doing a job, searching for a job or own your own business, business cards play a very important role in presenting yourself in front of others. In fact a very useful tip is that even when you are in the phase of job search, you should dream high enough to have your own business “Me. Inc”. Business cards are the best way to speak enough for you in less time. Business cards speak about your personality, who you are, what exactly you have to offer, and how much clearly and beautifully you represent your “Me. Inc”. After listening this you must think of a question that what the need of a business card is if you have your resume with you. The answer is simple that you cannot carry as many resumes with you as many cards can be carried along easily. More important is that you cannot take a huge pile of resumes everywhere. You can use your business card as the most important tool to market yourself and here are some very useful and proven tips.

First of all always keep them with you. Always include them in your checklist of the things you have to take with you before leaving home. You must make sure of your wallet with money, keys, car keys, driving license and also business cards. Any “by chance” encounter can give you a good chance for your business networking. Include it in your habits to take them along.

You must have seen that the bills have their advertisements as well. This is a good thing to learn. You should also market your skills and offers in the same way. You may not know a person sitting far away may have interest in your services. Never underrate or misjudge the power of business cards. So while mailing your payments for bills you can also put in your business card with it.

Always demonstrate proper business card mannerism. Always ask for a business card while giving yours. And more important thing is that don’t put it in your wallet right after taking it without looking at it. Look at the card for some time. This will make him feel important and show your interest for him as well.  You can discuss about something from his business card. Write some comments on the card which may include time, date, location and common points of interests. These gestures make him feel that they are important for you. You need to make others feel important if you want to be important.

Be bighearted and openhanded. Give business cards generously to everyone.  Don’t try to save your last card and don’t even hesitate to give the last left card to anyone. Even if you need to give two cards at a moment don’t be reluctant. These and other little things in business networking can help you a lot.



Corporate Social Responsibility in Website Development and Business Process Outsourcing

June 14th, 2009
Business Local Listings asked:


Corporate social responsibility is the buzz word in big business. In this age of environmental awareness and people empowerment, corporations are expected to behave ethically, uphold environmental sustainability, help combat poverty and support social justice. The public has learned to demand this in exchange for corporate existence.

Although it is also true that many companies get away by paying mere lip service to corporate social responsibility, a lot of other companies have found it profitable to actually do the right thing. As more and more people are becoming socially responsible themselves, companies that “go green” or use sustainable technologies in producing environmentally safe products are gaining increasing numbers of loyal customers. From hybrid cars to green home cleaning solutions to natural makeup, products that save the earth are becoming the choice of many consumers.

On the other hand, companies that have been caught red-handed – such as those proven to cause environmental contamination or those proven to outsource their manufacturing to sweatshops in developing countries – have faced censure and profit-shearing boycotts.

Aside from the profitability of corporate social responsibility, though, companies would do well to recognize that it is actually be in their best interests to ensure the welfare of the environment and the people of this earth. The planet is their business site and the people are their market. For now, at least, there is no other known choice. How can they not want to protect their location and their market?

Corporate social responsibility is not only for big business, either. Even small and medium scale companies are called to uphold its principles.

Web Dot Com and CSR

Web Dot Com is a company that offers a wide range of services in the field of website development and business process outsourcing in the Philippines with international clients.

Its comprehensive website development solutions include portal development and other custom programming, web design, graphics and multimedia design, content management systems, web based database programming, e-commerce solutions with online store applications for online shopping and online payment, search engine optimization, website maintenance and support, search engine marketing, and social media marketing.

It business process outsourcing in the Philippines includes animation and graphic design, software development and maintenance, back office processes, and contact center solutions. Contact center services include appointment setting, customer profiling and acquisition, business to business telesales, credit card processing, lead management, customer relations management, customer support and technical support.

So what does corporate social responsibility have to do with website development and business process outsourcing in the Philippines? Web Dot Com is of the opinion that they are related and that, in fact, it can do quite a lot in the realm of corporate social responsibility.

After all, Web Dot Com is based in the Philippines, a nation with 23 million people or 27 percent of the population living below the Asia-Pacific poverty line, according to the Asian Development Bank in 2008. This same country was tagged by the World Bank in 2008 as having the worst corruption in East Asia. As a corporate citizen of the Philippines, Web Dot Com cannot be isolated from these conditions.

As an expert in web-based processes, Web Dot Com is in a position to reach a wide number of Filipinos both in the country and around the world. It is fully equipped to support or even launch any advocacy online for the benefit of the Filipino people.

That is exactly what the company intends to do. Soon, Web Dot Com will be launching a powerful campaign to inspire awareness and involvement among Filipinos to positively make an impact on their own country’s fate. Watch out for this campaign.



The Impact Of Cleanliness To Your Business

May 30th, 2009
Business Local Listings asked:


Keeping your surrounding clean and orderly is a necessity in one’s everyday living especially in your business operations. As most often is the case, it is very difficult to find the right cleaning crew who can do the job for you. Ease the burden of maintaining the tidiness of your home, school, or business establishment by selecting Max Total Care.

Nothing is comparable to a neat office space. A clean work area creates a positive vibe to visitors and employees alike. Obviously, employees are most likely to perform well when working in a clean environment. This is because a clean and organized environment makes it more conducive for people to move about an office that is free from filth and clutter. You can have that pristine atmosphere in your office by hiring professional and reliable cleaning services from Max Total Care.

Cleanliness is also vital for businesses engaged in the food industry. Germs can multiply exponentially in dirty areas. This can increase the threat of food poisoning and diseases not only causing physical ill effects to the customers but also causing serious detriment to the state of your business. Your customers expect a clean and positive atmosphere where they can wine and dine. It is imperative that you should keep your premises clean to make a great impression on patrons and expect repeat business from them.

Movie houses are also perfect examples of establishments requiring total cleanliness every time. Most moviegoers look for high standards of tidiness in theatres in order for them to maximize their viewing pleasure when watching their favorite movies on the big screen. Spilled soft drinks or popcorn on seats can be a huge turn off to your customers. The dirtier the surrounding, the less likely that they will come back. Efficient servicing from Max Total Care can most definitely help your cinemas be well kept and inviting all the time to fully satisfy your discerning and finicky audience.

Adding on to the list are medical establishments. Not including saving lives, nothing is more critical than cleanliness for medical establishments. It is essential that hospitals should be properly sanitized for the well being of patients, visitors, relatives and staff to avoid the spread of diseases in a volatile and sensitive environment where the notion of “sickness” is always literally in the air.

The distinct illustrations mentioned above are just a few fine examples on how a clean environment can affect your business. Keeping your working environment professionally **** and span is a key ingredient to the success of your business. Max Total Care can help you achieve that goal.

With Max Total Care, you can conveniently choose to employ their services on a regular basis or simply get them for a one time job. You can opt from a wide variety of cleaning services they offer from office system cleaning, kitchen and restroom cleaning, dusting and window washing, waste removal, daily carpet care, hard surface floor maintenance and cleaning, entrances and lobbies, sanitization programs, residential & commercial carpet cleaning, upholstery cleaning, yacht interior cleaning, floor cleaning and a lot more! In addition to that, Max Total Care also provide repair for water damage.

If you want an immaculately clean office or home, feel free to visit Max Total Care at 5422 W. Crenshaw St. Tampa Florida USA 33634 or conveniently call them at 888-340-0629. Get the help you need now from Max Total Care as no matter how cliché it is, nothing speaks the truth as how the old adage goes…Cleanliness is indeed next to godliness!



Business Phone line System - Effective way to run a successful business

May 22nd, 2009
business phone australia asked:


If you are running a business then an effectual and clear communication is vital for a successful business. Hence, selecting a right business phone line is very important which sets up the communication among you and your business clients, staff and vendors directly. It has been proved that for the success of business whether it is of large, small and medium scale of enterprise, these systems plays great role and proved to be economical and valuable. Some companies consider the system to be complex but cannot ignore the convenience provided by it. Now, there are various service providers in the market that they are providing reasonable business phone answering machine.

Benefits of having a reliable answering service

It is simple to handle calls from anywhere and though you are out of from your office. With the help of business phone line answering machine you can reduce your phone bills and only you have to pay reasonable monthly bill. Now, no need to spend hours in attending phone calls and you can focus on your business.

Well-organized Call managing Service 24/7

With an answering system your works get much easier and with no delay all incoming calls are answered by call answering machines. If nobody is there to attend phone calls then all incoming calls are attendant by auto responders with a professional way. Your call can be directed to your numbers directly if you are not in the office or you are somewhere else. There are many features you will get with answering machines and these are like: Call conferencing, Dial by name, Fax, Dial by extension etc.

The business phone line systems are available in market in a wide range and you can choose the best plan at affordable rate for you. With its easy to use and quick responding features, you will have great benefit in your business.

You will get the features like:

Caller Id Call forwarding Auto attendant Recording of the calls Conference calls Multiple line capability Auto attendant Speaker phones Voice mail facility

 To choose the best business phone line you can browse internet and there you will get large information and you can compare features among many service providers. You can also have agents number who can guide you for selecting the right system.

Nowadays market is flooded with large collection of business answering machines and many providers are providing great discounts on their products. So, availing right answering machine for your business is not a big deal now. Only you have to choose the best suitable plan for you according to your business need.

We all know that voice plays a vital role for a successful business and whether it is easy PABX connectivity or a customized voice solution, you will get the best technology. At a very reasonable rate you will have a good automatic call responding machine and you can spend your valuable time for your business. Every successful business is having answering machine so consumers don’t get irritate of calling again and again.

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Business Landline System – Affordable solution for a business

May 21st, 2009
business phone australia asked:


If you are running a business then an effectual and clear communication is vital for a successful business. Hence, selecting a right business landline is very important which sets up the communication among you and your business clients, staff and vendors directly. It has been proved that for the success of business whether it is of large, small and medium scale of enterprise, these systems plays great role and proved to be economical and valuable. Some companies consider the system to be complex but cannot ignore the convenience provided by it. Now, there are various service providers in the market that they are providing reasonable business phone answering machine.

Benefits of having a reliable answering service

It is simple to handle calls from anywhere and though you are out of from your office. With the help of business landline answering machine you can reduce your phone bills and only you have to pay reasonable monthly bill. Now, no need to spend hours in attending phone calls and you can focus on your business.

Well-organized Call managing Service 24/7

With an answering system your works get much easier and with no delay all incoming calls are answered by call answering machines. If nobody is there to attend phone calls then all incoming calls are attendant by auto responders with a professional way. Your call can be directed to your numbers directly if you are not in the office or you are somewhere else. There are many features you will get with answering machines and these are like: Call conferencing, Dial by name, Fax, Dial by extension etc.

The business landline systems are available in market in a wide range and you can choose the best plan at affordable rate for you. With its easy to use and quick responding features, you will have great benefit in your business.

You will get the features like:

Caller Id Call forwarding Auto attendant Recording of the calls Conference calls Multiple line capability Auto attendant Speaker phones Voice mail facility

 

To choose the best business landline you can browse internet and there you will get large information and you can compare features among many service providers. You can also have agents number who can guide you for selecting the right system.

Nowadays market is flooded with large collection of business answering machines and many providers are providing great discounts on their products. So, availing right answering machine for your business is not a big deal now. Only you have to choose the best suitable plan for you according to your business need.

We all know that voice plays a vital role for a successful business and whether it is easy PABX connectivity or a customized voice solution, you will get the best technology. At a very reasonable rate you will have a good automatic call responding machine and you can spend your valuable time for your business. Every successful business is having answering machine so consumers don’t get irritate of calling again and again.

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Lebanon: Many Businesses Plan to Expand, Despite Unrest

May 20th, 2009
business news asked:


Copyright 2008 IPS - Inter Press Service/Global Information Network

BEIRUT, Lebanon, Feb 6 2008

The year 2008 has already been grim for most Lebanese businesses: Struggles with the nation’s permanent protest movement, security problems, a brief war in a Palestinian refugee camp and sporadic bombings have brought the nation to its knees.

Most recently a bomb tore through the bustling Chevrolet area on the outskirts of Beirut on Jan. 25, killing Captain Wissam Eid from the Internal Security Forces.

As the political situation tips further in the direction of widespread insecurity, however, Lebanese businesses around the country are clinging to the motto, "the show must go on." Expansion seems to be the word on the street in Beirut, no matter what the uncertain future may hold.

ABC, a major department store and mall with seven outlets, two main flagship stores and a staff of more than 1,000 is currently revamping one of its main branches in Dbayeh.

"In March, we are also launching a new section extending over an entire floor of 8,000 square meters dedicated to children, dubbed Kidsville. It will also include a 500 square meter playground, an array of kids’ accessories and a coffee shop, La Mie Doree," said Robert Fadel, ABC’s general manager. A second big store in the Ashrafieh suburb of Beirut is adding an extension for a playground that will fill an expanse of 800 square meters.

The Johnny R. Saade group is also jumping on the expansion bandwagon. Its travel and tourism arm, Wild Discovery, will be setting up shop in Kaslik in northeast Lebanon in a few months.

"We decided to push forward with the opening of new branches in Lebanon despite the prevailing situation, following the simple strategy that one has to invest and position oneself in times of relative crisis to prepare for the inevitable economic and political recovery that can be foreseen," said Sandro Saade, one of company’s owners.

"This opening is also justified by a strategic objective to cover the northern Beirut area, where there is a demand for high-quality travel services."

The company’s real estate arm boasts a $30 million residential project sprawling over 18,000 square meters in one of Beirut’s posh suburbs. In addition, the group is developing a winery in Bekaa Valley, near the villages of Kefraya and Tell-Denoub, covering a 50-hectare swath of land. The project is estimated at $25 million and will employ 50 people, excluding seasonal workers.

"The Lebanon venture will also integrate two other complementary projects, namely a wine museum and a boutique hotel, or ‘h"tel de charme’" with 30 to 35 rooms, said Karim Saade, another company owner.

It is not just big names that are taking a leap of faith into the murky Lebanese waters.

Nehme Lebbos, founder of Iloubnan, a news portal for Lebanon, left his home country in 1991 and worked as an IT consultant for 12 years in France before coming back.

"I wanted to come back ever since I left. I started IIoubnan in March 2005 with the help of my wife, a French journalist," Lebbos said. "It is a Web magazine dovetailed with an e-commerce wing."

The young entrepreneur has poured all his savings into this venture, relying on a bank loan, as well. The company’s recent success has allowed for an increase in operations, with four journalists employed on a full-time basis and a network of 20 freelance journalists around the world.

A shared vision of Lebanon seems to cement together the diverse business figures. "Lebanon is our homeland and we believe in our country," Fadel said. On the other hand, Lebbos is conscious of the risks he might incur but is nonetheless determined to promote change in his home country.

Although most companies are investing in Lebanon, many have also looked to taking their business abroad. ABC will be opening in Jordan in March. "The company will bring to the Jordanian market a spirit of Lebanon, and aims at becoming a leading and trendy shopping destination," Fadel said.

Similarly, the Saade brothers are relying on an international network of agencies for their tourism activity as well as launching a new winery in neighboring Syria. The group is trying to counter the negative business environment by highlighting the quality of its services. And so Wild Discovery is investing in an in-house sales training program expected to enhance its team’s knowledge and technical skills.

For most entrepreneurs, the essential rationale linking their projects is endorsing Lebanon as a brand in the region. Lebbos believes that this cannot be done without the help of young Lebanese people. "They need to travel, study abroad, graduate and experience foreign countries," he said, and "then come back and invest in Lebanon."

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