How to increase sales and reduce competition in business? Reasons for invest in foreign country.
Channel: Oruga Group - Corporate Law & Investment Services
Date: 2018-11-28

🔵Oruga Group Business and Investment Law ► https://orugagroup.com/en

Hi there, today’s video topic is about the reasoning why growing business international. 

When talking about international business, we mean doing commercial transactions across national borders. These are sales, investments, logistics between countries. But even if you are a successful businessman and seem to know everything about operating a company, it does not mean that this knowledge is 100% applicable to a new market. Most likely, you will have review your #business assumptions when entering a new country. And this is not easy.

Then why do you have to leave your #comfortzone and start doing inconvenient steps with no guarantee that you will succeed?

Here are the reasons why many successful businessmen decide to invest in a #foreigncountry .

Number one reason is to increase sales. You might be doing well at your native market. But you may see that your business is not growing and you need to move it somehow. How? By exploring new markets! It might be easier to bring a new product to another country than to convince customers in your country to switch between brands.

Number two reason is new resources and knowledge. You may find a place where the manufacturing costs are lower or you may see other opportunities. Plus, new people may bring new ideas on how to improve your product. This knowledge might be applicable to your native market as well.

Number three reason is  #reducingrisks of having a business in one country. What if a stronger competitor shows up and you lose your market share? Diversifying risks is a perfect strategy of doing business.

Number four reason is #reducingcosts . There are many countries with lower taxes and wages, cheaper commodity prices and cheaper production. This is your chance to save money.

So, if the mentioned reasons make sense to you, probably it’s time to move on with your business! But also ask yourself – are you willing and ready to adapt to new conditions? 

That’s all for today. If you have any questions or would like to speak to us for more details, contact us from down below and don’t forget to subscribe to our channel. ►https://www.youtube.com/channel/UClhC...

#investmentineurope #businessineurope

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ORUGA GROUP is a law firm and expert of foreign investments in Poland. We provide complex legal services of company registration in Poland and other EU countries.
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