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As a business owner, your company is growing and doing well. You are thinking of expanding your company to a foreign country and are considering whether you should hire an international business consultant. Here are several reasons why it would be a good idea to hire that consultant.
By hiring a consultant that has experience in international business, you are getting access to knowledge of specific solutions to specific business challenges. The consultant knows how business is handled in foreign markets. He knows the problems, the challenges, and the opportunities of working in the country that you are interested in. A consultant has a wealth of knowledge that will serve you well.
A consultant knows the laws and how the Foreign Corrupt Practices Act enforcement is handled. She knows how financial institutions work. She knows the tax laws that apply to your business.
The consultant can help you write a business plan. For your international business, it is much different than for a simple startup company. Your business plan will be more complex. Because it will be seen by bankers and venture capitalists in two countries, you need a good business plan. The consultant can help you write that great plan.
An international business consultant will help you with your financial projections. He can help your write income statements and balance your cash flow. He can help you determining the cost of goods and a five-year internal rate of return that you can expect.
Creating an international business without hiring an international business consultant is like driving a car without lessons. You can get only so far before crashing.
