Business development abroad and revenue diversification

- Sep/2017

In the face of the uncertainties that affect many developing economies, it is only natural that entrepreneurs from these regions begin to look carefully for opportunities in countries with more robust markets, in search of diversification strategies as an alternative. Some seek to take advantage of differentiated tariff regimes with some specific regions, others seek more punctual targets as a gateway to the international market.

This is an important step when seeking to grow, protect operations and ensure revenue is generated in strong currencies such as the dollar and euro. This strategy of diversifying geographic sources of cash generation is part of a broader business plan aimed at preserving the company’s financial health and preparing companies to work with more protection in their home countries.

Entrepreneurs need to be aware of these opportunities since the globalized economy, characteristically, is marked by alternating cycles of growth and, later accommodation. Those who prepare themselves and have a better understanding of this dynamic are more likely to cross the periods of economic adversity well and get even stronger.

Entrepreneurs wanting to develop their business abroad cannot run the risk of breaking down legal and cultural barriers. It is necessary to know the specifics of each market such as habits, customs, cultural values and social codes in more detail. Errors in the initial stages can make a project unfeasible and hinder the development of a sound business strategy.

However, a successful strategy can lead the company to other more ambitious projects in other markets, from the more traditional ones such as the United States and Europe to those still in development.

In addition, a successful company abroad has access to new technologies and sources of financing under more favorable conditions, contributing to developing operations with lower costs, making products more competitive, improving management and adding value to the brand.

The United States, Europe, Asia, Latin America and the Middle East offer many opportunities to professionals with a solid background, proven experience, and differentiated skills in their field. This window of opportunity attracts a growing number of foreigners.

If you plan to diversify your investments, develop business, and begin your expatriation process to these destinations, it is important to seek the advice of experts with proven experience, acting in several jurisdictions and accredited by their respective governments. Our consultants have all the technical and professional skills to evaluate the best alternatives to meet your needs and expectations.

The United States and Canada lead the list of preferred countries for people wishing to start a new life abroad. But contrary to the expectations of some individuals, this life change is possible, financially feasible, and can happen in less time than you would expect. Come and learn about all the options with HAYMAN-WOODWARD’s consulting experts.

To know which immigration option best suits your profile and that of your family, in addition to knowing more about the many possible alternatives for your projects to develop successfully, schedule a consultation now. Our specialists will assist you in all the details of your expatriation, at all stages, including business development in the United States. For our firm, each case is unique and is treated as such, with personalized and individualized solutions.

HAYMAN-WOODWARD PLLC is a Washington (D.C) based law firm, specializing in immigration and federal tax laws; and affiliated with HAYMAN-WOODWARD CORP, a business development, and expatriation consulting firm. All legal services are provided by duly-licensed attorneys in each jurisdiction.

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