As with Signman's post, I have no real experience of business in Tenerife but one of the major contributors to businesses failing in the UK is unrealistic costs. Be that either in wages or in many cases I see, cars and other trappings of apparent success.
How many people have I come across who have a great first 6 - 12 months and who then go out and get flash motors, spend unrealistic amounts on 'corporate' days out etc and who then live to regret it.
Many years ago there was a documentary about how the VAT man was forcing many UK businesses out of business. They featured a plumber who had to lay off 10 staff because the VAT man closed him down when his outstanding VAT became a major problem.
They interviewed him outside his ex-house, it had 6 bedrooms, set in its own grounds with stables and a swimming pool, I couldn't help but think that had his house only had 4 bedrooms, he could still (possibly) have been employing his 10 staff and paid his VAT bill. |