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Key Steps to Not Fail in the Internationalization of Your Company - Author Darilyn Aquino

Artículo escrito por Darilyn Aquino para el Huffington Post Septiembre 1, 2014

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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
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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.
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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.
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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.
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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
  • 2. Suggest a correction POPULAR IN THE COMMUNITY YOU MAY LIKE WHAT'S HOT GOP Lawmaker's Wild Claim About Those Who 'Hate Homosexuals' Causes Literal Jaw-Drop Mehdi Hasan Mocks Donald Trump Jr.'s Latest Whine With The 'Vlogger's' Own Frantic Words 13 Mess-Free Activities To Entertain Kids While Traveling Medieval Times Charged With Illegal Union-Busting MORE IN BUSINESS American Airlines Pilots Vote To Authorize Strike A Starbucks Closed Abruptly — And Its Workers Say It Was Retaliation Amazon Delivery Drivers In California Become First To Unionize The Campaign To Unionize Trader Joe's Just Notched Another Victory These Apple Store Workers Are Furious With The Company Amazon Spent $14 Million On Anti- Union Consultants In 2022 Medieval Times Is Struggling To Quell A Revolt By Its Own Workers Chipotle Agrees To Pay $240K To Workers Who Lost Their Jobs After Trying To Unionize Starbucks Workers Strike Ahead Of Shareholder Meeting Amazon To Lay Off Another 9,000 Employees New York Community Bank To Buy Failed Signature Bank Parent Of Silicon Valley Bank Seeks Bankruptcy Protection U.S. Stocks Fall As Bank Worries Spread To Europe The U.S. Is On The Cusp Of A New Nuclear Energy Milestone — And Debate Medieval Times Union Says Company Brought In Scab Knights From A Faraway Land A Union Campaign Is Picking Up Steam At This National Outdoor Retailer Howard Schultz Is In More Hot Water Over Starbucks Union-Busting Allegations Israel’s ‘Startup Nation’ Braces For A Political Earthquake More Strikes Are Happening As Workers Wield Their Leverage Medieval Times Scrambles To Fly In Knights From Other Castles Amid Strike Company Employed At Least 102 Kids In U.S. Meatpacking Plants, Investigators Find Tesla Recalls 363K Vehicles To Fix Flaws In ‘Full Self-Driving’ System Starbucks Busted For Illegal Union Busting Disney Will Cut 7,000 Jobs In Effort To Save $5.5 Billion In Costs Netflix Lays Out Plan For Password- Sharing Crackdown Judge Rules That Amazon’s Anti-Union Consultant Broke The Law TikTok Bans Medieval Times Union Account This Pilot Quit Her Job. 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. 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