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RssFrom mastering new customs to getting a grasp on an unfamiliar economy, doing business in another country can be tricky–but the risk can be worth the reward. Here’s your primer on 5 hot international markets out there.
Brazil
Land of Untapped Opportunities
| Nearly the size of the United States and growing rapidly in foreign direct investment, Brazil isn’t always an easy place to do business. But understanding cultural differences and finding a local expert can open many doors. |
Resources on Brazil:
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Russia
Have Patience and a Unique Product
| A steadily growing economy, a rising middle class and an improved business climate make Russia an attractive market. Be prepared to socialize and wait while you earn potential partners’ trust. |
Resources on Russia:
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India
Many Reasons to Say Yes
| A booming middle class and a tech-savvy work force make India an appealing market for doing business. There are gaps in the infrastructure and cultural differences to navigate, but entrepreneurs say the benefits outweigh the challenges. |
Resources on India:
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China
Make Friendships First, Then Profits
| Camaraderie and relationships carry great importance in China, and compromise tends to trump risk-taking. So follow the formula for success, slow down and appreciate the Chinese approach to doing business. |
Resources on China:
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Mexico
A Willing Partner Next Door
| Location and relative ease of doing business make Mexico an appealing business destination for companies with “First World know-how.” Be prepared for inevitable delays, pay attention to hierarchy and understand the culture. |
Resources on Mexico:
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(source: Entrepreneur)
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Tags: Global Business hotspots, Global hotspot Brazil, Global Hotspot China, Global Hotspot India, Global hotspot Mexico, Global Hotspot Russia, Global Hotspots for doing business
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