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Doing Business in a New Nation

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As business managers, what would you look for in a government before you would want to do business in a new nation?

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Solution Summary

The solution suggests business strategies when venturing into a new country.

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You have to do your own research before committing your talent and resources in a particular country. Take cognizance that it is not easy to bring in equipment and monetary resources. Your decision must be realistic because it would be costly to get out once you started doing business in a new territory.

Shelter Offshore Publishing (n.d.) suggests that "you then need to look more closely at the bureaucracy and guidelines that will impact on you and your idea - go to the town hall, speak to an accountant, get advice from the local chamber of commerce or equivalent if there is one. Go around and ...

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