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This Week: Starting a Business Abroad

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Globe, by Nick WheelerStarting a business? Grown-up, scary, not for everybody. Starting a business in another country? Well, add intimidating and confusing to the list, with a healthy dose of “only for the brave” for good measure. But as technology and air travel have made the world increasingly smaller, the prospect of leaving your home country to find your fortune elsewhere no longer need be an epic expedition as in the past.

And so it begins! Welcome to what should be a fun week of one-topic blogging, covering the basics of what you need to know and do to start a business in another country. I’ve been reading and researching, making notes and clocking resources, and hopefully those of you who have been turning up looking at the old blog post will find this series more in-depth.

The format for the blog series will be as follows:

  1. Choosing a country in which to do business
  2. Choosing what kind of business to start in another country
  3. Basic background research
  4. Intensive reasearch
  5. Recruiting local agents
  6. Planning
  7. Setting up
  8. Evaluation
  9. Exit strategy

As I said last week when I announced this blog series, it would be almost impossible to cover the intricacies of doing business in every country on Earth, so the blog posts will be rather general, but the resources I’ll be using are international in scope; just because they haven’t been written or information collated for your specific situation doesn’t mean that you can’t make use of them.

I’m not sure whether to be relieved or disappointed that I didn’t receive any questions in the comments, but I’ve put together what I think is a good general plan for anyone, whether they are exploring an emerging or established market. I’ve learned a lot planning this series, and I hope you find it useful.

The first post in the series, dealing with choosing the right country, will be published later today. Remember, you can keep up to date with all the posts that will be published by subscribing to the blog’s RSS feed or via email using the links at top let.

[Image by Nick Wheeler]

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