Checklist For Establishing And Running A Business In The Czech & Slovak Republics

_____ 1. Determine demand for your product or service
Market research firms listed in Chapter 10

_____ 2. Evaluate the competition
Foreign firms listed in Chap. 7, appendix available by industry sector
The largest Czech & Slovak firms are listed in Resources 300.

_____ 3. Determine the distribution channels for your products.
Find out which state monopoly controlled your trade before 1990 and ask how the company broke up - are the spin off companies still distributing products in certain regions? Who is their competition? Dozens of consulting firms and shipping firms listed in Chapter 7 may be able to help you understand how distribution works in these countries. Talk to your competition, find out about their distribution system.

_____ 4. Learn the regulations that govern your business
Talk directly to government officials involved in your sector, as well as business managers and lawyers in the industry. See page 1-4

_____ 5. Decide form of corporation for your business
See page 1-5 and talk to consulting firms or law firms about your situation

_____ 6. Learn the tax, customs laws that affect your business
See page 1-6 and talk directly to customs and tax authorities about your circumstances.

_____ 7. Figure out ways to market/advertise product or service
Talk to consulting firms, advertising firms in Chapter 10, and media in Chapter 9

_____ 8. Find office space
Commercial real estate agents listed in Chapter 10

_____ 9. Find employees
Employment recruiters listed in Chapter 10

_____ 10. Find a home for foreign employess
Residential real estate agents in Chapter 10

_____ 11. Find professional support services - accountants, lawyers
Lawyers and accountants are listed in Chapter 4

_____ 12. Set up bank account
Banks listed in Chapter 6

_____ 13. Register company and employees
See page 1-6