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[Ben Kempton]

There are many people who think big and they want to expand their business. They want to start a business and then start their business in a different country as well. This may require a lots of hard work and dedication. Before you start a business in a different country, you must make sure that you are successful in your own country. Many successful people became successful in their won country before they intended to start business in some other place. Having said that, what are some challenges that you could face in case you intent to start a business in a different country?

 

[Deyiang]

Surely, there are some obstacles that are associated with starting a business in foreign countries. Among those problems may include the getting the government license. Many a time, government may not want to grant license because they believe that the new company may be a challenge to the existing indigeneous business.

That is absolutely right and also starting an international business may require a good sum of money in other to do some clearance.
The stress of meeting the standard of that country before you start the productions.
Though starting international business can also be profitable

 

[Deyiang]

Although it can be difficult, starting an international firm in a different nation is not impossible. You may have heard that starting a business is simpler in your native country, but that isn't necessarily the case. In fact, many business owners opt to establish their companies abroad in order to take advantage of worldwide prospects and get a head start on global expansion.

This is right you know why so many people start international business could be to have that exposure because they believe that once the start a business in a place like a tier 1 country that their products will be sellable world wide and people will not be doubting the standard of such product

 

[Flower]

To expand a business to another country, the first thing you need to understand is the viability and feasibility of that business in that country. You will need to go there first and confirm if the business Will survive in that environment or not. If not, you will just waste your money and effort.

 

[a_jerobon]

Expanding your business to another country is great but has so many challenges. You should make sure that you are expanding to a country that you know well. A place you have visited and interacted with people. That way, you will know where to set up the branch and start hiring people to work there.

 

[rush08]

You can actually be in one country and transact business with another country. There are so many channels you can make communication with your clients outside your country.....

 

[btaliat]

Many factors should be considered before starting a business in other countries. There should be consideration on the culture of the host country. There is also the need to check and read about the other company that may pose as competitors.

 

[Kennysplash]

First of all make sure the business is well invested in your country of residence before you make the decision of going international. When you are well known and you've built your brand there you can consider other countries.

 

[rush08]

In the time of technological advancement and innovation one can start a business from his country of origin and run businesses successfully even without making much travel. There are many online payment system you can use to transact your business....

 

[makanaki]

Starting an international business from a different country involves a number of factors that need to be taken into consideration. You will need to research the local business climate, laws, and regulations of the country you plan to set up your business in. you will need to consider the financial aspects of setting up a business in another country, such as taxes and currency exchange rates.

 

[Wisdom01]

In the time of technological advancement and innovation one can start a business from his country of origin and run businesses successfully even without making much travel. There are many online payment system you can use to transact your business....

Yeah with the way business is actually innovating and growing , I think there are obviously now many ways you actually transact and collect payment for deals and others ,and I think one of them is actually PayPal

 

[btaliat]

Create a blog, facebook page, site etc for promoting and attract customers.
Allow international payment systems such a paypal, payoneer.
Provide your service both location based and internationally. In case of physical products you may use international shipping services such as DHL.

I think you have made a nice point. There must be good and reliable delivery method that will be in charge of seamless delivery of goods and services. There is a need to make sure that we have the relevant documents from the government as well.

 

[btaliat]

We need to be wary of competitors before starting a business in another country as well. We must study their strategies to know what and how to handle the business to ensure proper sale of such an intending business.

 

[Xrin Nightfall]

That is absolutely right and also starting an international business may require a good sum of money in other to do some clearance.
The stress of meeting the standard of that country before you start the productions.
Though starting international business can also be profitable

Managing a multinational company requires a significant investment of time and resources, as well as knowledge of a variety of societies, legal systems, and languages. It is also necessary to manage the funds, the logistics, and the compliance with rules, which makes it a tough undertaking that has the potential to be profitable.

 

[rush08]

In this time of technological innovations and advancement, one can actually transact business in any part of the world without having to travel. There are different ways one can make payments and have his goods delivered to his destination.....

 

[a_jerobon]

In this time of technological innovations and advancement, one can actually transact business in any part of the world without having to travel. There are different ways one can make payments and have his goods delivered to his destination.....

That is so true. You can do your business anywhere these days. The internet has made the world a global village. So you can set up the business anywhere and sell in every part of the world, as long as you can deliver.

 

[rush08]

That is so true. You can do your business anywhere these days. The internet has made the world a global village. So you can set up the business anywhere and sell in every part of the world, as long as you can deliver.

Technology has made everything so possible for everyone now. With your digital gadgets and internet you can transact business from any part of the world. You can make payments using different payment options without having to travel.....

 

[gammarays]

Anyone can start any business anywhere with the required resources. There are laws and policies guiding investments by foreigners in different countries. As long as the required funds are available, you're good to go.

 

[Deyiang]

Anyone can start any business anywhere with the required resources. There are laws and policies guiding investments by foreigners in different countries. As long as the required funds are available, you're good to go.

Yes you are right any one can start business anyway but the most important thing is to meet up with the law and policy of the country and one need to find out if the country you intend to start have good enable environment.

 

[Johnson2468]

One of the things that could be a challenge is the legal and regulatory hurdles. Different countries have different laws and regulations regarding business. Navigating these regulations can be time-consuming and complicated.

 

[Flower]

Many factors should be considered before starting a business in other countries. There should be consideration on the culture of the host country. There is also the need to check and read about the other company that may pose as competitors.

The major reason why people embark on establishment of business in other countries is for business expansion and it does notnecessarily mean that you should create a brick-and-mortar company there, you can collaborate with a similar company over there to enhance your services.