Internationa Business

In: Social Issues

Submitted By jloool
Words 974
Pages 4
Some businesses think around the block. Some set their sights a bit further.

At some point, it's possible that you've considered an overseas business. Perhaps you've been pondering relocating temporarily outside the United States (a la the proverbial Army brat), opening an overseas branch or subsidiary, or simply wondering about the mechanics of selling a product halfway around the world.

It's no shocker: Business in one nation can be worlds apart from its next-door neighbor.

The formula becomes all the more muddy depending on logistics. Are you going to actually be in the country or staying stateside? Still, there are a number of salient issues that apply to all overseas ventures, no matter the country or the business.

Here are six to get you started on the right foot.

1. Start with the U.S. Department of Commerce. This should be stop No. 1, regardless of whether you're packing your suitcase or staying put. The department can provide a wealth of information, covering such topics as overseas agents and tax ramifications. Even better, it's gratis.

2. Spend some time determining just how "different" things will really be. One assumption that many domestic businesses are too quick to make about entry into international markets is that they're drastically different from the U.S. — that laws, commercial customs and the like are, by definition, exotic and bewildering. That certainly may be case in some places — laws and practices of certain countries in Latin America, for example, have been described as such. But there are many other countries where the basic nuts and bolts of business isn't that far removed.That was what Bulent Bicer learned when he and his wife established EuroMarket Partners in Germany in 2003. In fact, the company's central mission — to assist American companies with sales throughout Germany — is indicative of those very sorts of…...

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