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Artículo escrito por Darilyn Aquino para el Huffington Post Septiembre 1, 2014
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Key Steps to Not Fail in the Internationalization of Your Company - Author Darilyn Aquino
1.
CONTRIBUTOR DARILYN AQUINO My mission
is to help you reach the next level with your life and business. What You Need To Know In Order To Have A Profitable Business July 4, 2017 Survival Kit for Entrepreneurs November 5, 2016 Does My Company Have What It Needs to Be Expanded Internationally? March 14, 2015 Top 3 Mistakes Newbie Entrepreneurs Make and Their Solutions October 28, 2014 Got a tip? Do you have info to share with HuffPost reporters? Here’s how. Joint Venture: Business Agreement for International Trade September 28, 2014 Key Steps to Not Fail in the Internationalization of Your Company September 1, 2014 Follow Us NEWS POLITICS ENTERTAINMENT LIFE VOICES HUFFPOST PERSONAL SHOPPING NEWSLETTERS NEWS POLITICS ENTERTAINMENT LIFE PERSONAL VOICES SHOPPING VIDEO U.S. Edition Mother, blogger, Entrepreneur, Author, Juris Doctor Degree in Law, Master´s Degree in International Law Business and motivational advisor. Speaks 4 languages and contributes with worldwide publications and prestigious blogs related to entrepreneurship, woman in business, international law and motivation. Her mission statement is to help you reach the next level with your life and business. If you want to know more about her subscribe to her free weekly newsletter at www.DAQSGroup.com By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy. ABOUT US ADVERTISE CONTACT US RSS FAQ CAREERS ARCHIVE USER AGREEMENT COMMENT POLICY DMCA POLICY HUFFPOST PRESS ROOM ACCESSIBILITY STATEMENT PRIVACY POLICY CONSENT PREFERENCES Part of HuffPost News. ©2023 BuzzFeed, Inc. All rights reserved. The Huffington Post The Morning Email Wake up to the day's most important news. address@email.com SIGN UP Log In Join HuffPost
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Her Employer Billed Her $20,000. Elon Musk Faces SEC Investigation Over Tesla's 'Self-Driving' Claims: Report Elon Musk Goofs That He Can't Get Rid Of Dumb New Twitter Name Trader Joe’s Workers In Kentucky Form Union Trader Joe’s Posts 'Anti-Union Propaganda' Ahead Of Election NEWS POLITICS ENTERTAINMENT LIFE VOICES HUFFPOST PERSONAL SHOPPING NEWSLETTERS NEWS POLITICS ENTERTAINMENT LIFE PERSONAL VOICES SHOPPING VIDEO U.S. Edition THE BLOG BUSINESS TAX COMPANY Key Steps to Not Fail in the Internationalization of Your Company The internationalization is not a simple step, since it requires time for planning, evaluation and implementation. Before taking the leap into foreign markets, we must take into account the following factors. By DARILYN AQUINO, Contributor My mission is to help you reach the next level with your life and business. Jul 2, 2014, 04:06 PM EDT | Updated Sep 1, 2014 This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email. RELATED BUSINESS TAX COMPANY ENTREPRENEURS INVESTMENT GO TO HOMEPAGE In times of crisis, entrepreneurs look for alternative measures to mitigate the crisis consequences. One of these alternatives represents one of the most common roads and one of the hardest ones, the internationalization. However, the internationalization is not a simple step, since it requires time for planning, evaluation and implementation. Before taking the leap into foreign markets, we must take into account the following factors: 1. Analyze your business: Know the weaknesses and strengths of your business. You need to know consciously what works and what doesn´t in your company, which is the thing that makes you stand out in the market. As well as the viability of that product or service in a new market and the financial capacity of your company and to what extent you can invest to expand. You must have a good financial support to have a better chance of success. 2. Assess your target market: Once you have already identified the country where there is a high growth potential, you have to study and assess the situation of the new market, its features, its culture, the opportunities and barriers that you may run into, as well, you need to check out if there are already companies in that country that offer the services or products that you want to offer in that same country and learn from their experiences. 3. Look for a local partner: In some countries a local partnership is required. First, find out if the new market requires a collaborator/local partner. Similarly, if you don't know the market, it is recommended to rely on local partners as they provide the knowledge of the target market and potential business contacts. 4. Get advised: Get advice from tax and legal experts that can guide and advise you on important topics such as: deciding which would be the best legal structure to start your business in the target market, on the benefits and advantages that laws can give you in both, the national and the international market, as well as on the tax and legal risks that you may run into. Previous to the internationalization, go through these four steps, along with a thoughtful business plan, as well as with a high dose of ambition and appetite to expand the horizons of your business. These things are essential to guarantee the success of any foreign investment. DARILYN AQUINO, Contributor My mission is to help you reach the next level with your life and business. HuffPost Jack Nicholson Makes Surprise Return To Courtside Seat At Lakers' Playoff Game HuffPost Howard Stern Names The 1 Thing Tucker Carlson Forgot / TRENDING / New York Times Obtains Tucker Carlson Text That Contributed To Removal From Fox News Kevin Costner And Wife Christine Baumgartner To Divorce Henry Ruggs, Ex-Las Vegas Raider, Takes Plea Deal And Prison In Fatal DUI Crash Donald Trump Won’t Testify In E. Jean Carroll Case: Lawyer Suspect In Texas Massacre Captured After Manhunt ABOUT US ADVERTISE CONTACT US RSS FAQ CAREERS ARCHIVE USER AGREEMENT COMMENT POLICY DMCA POLICY HUFFPOST PRESS ROOM ACCESSIBILITY STATEMENT PRIVACY POLICY CONSENT PREFERENCES Part of HuffPost Business. ©2023 BuzzFeed, Inc. All rights reserved. The Huffington Post Log In Join HuffPost