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Starting an International BusinessBefore starting any business, you first need to find out if there is a market for the products and/or services that you intend to offer. So you will need to perform a feasibility study or conduct market research to determine the marketplace need. If you deem that the project is viable, you might consider finding a partner to start the international business with such as a foreign distributor or manufacturer's rep. There is also the option of moving to the country that you intend to do business in. Check with proper agencies for legal and licensing requirements. When you write your business plan, you should prepare a list of start-up expenses and capital requirements. This will give you some insight as to how much you should have saved up before starting the business. AnswerInclude in your feasibilty study the perfect investment for your communication system. Since you are going to put up business abroad, you should have total control over your communication lines. This will give you easy access to your remote offices.
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โˆ™ 2010-04-03 02:47:05
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Q: How to start your own business abroad and how much money would be required?
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