Which countries are mainly targeted for International Businesses?
Opportunities exist everywhere—not just in your own home country or hometown. Depending on your target audience and its needs (plus taxation laws), the nature of the local workforce and other factors, doing business overseas just might offer advantages to you that exceed those of the country where you live right now. To end that, HSBC Bank commissioned a survey of nearly 27,000 expats from more than 100 countries to determine the best places to pursue a career abroad.
Of the employees polled, 15% specified that they moved because their employer asked them to, while 25% said they moved to improve their job prospects and, 37% were after a new challenge. Because different people have different career priorities, the survey examined various factors including salary, work-life balance, and how each country approaches company culture.
Singapore, Hong Kong, Norway, and Austria
More than 60 percent of expats in both Singapore and Hong Kong agree that these countries offer a lot of room for career development, but 50 percent of the expats who moved to Hong Kong and 30 percent of those in Singapore reveal that they struggle with work-life balance. On the flip side, expats in both Norway (87 percent) and Austria (71 percent) report a strong sense of work-life balance.
As a region, the Middle East is reportedly the best when it comes to employee benefits. 91% of employees get at least one benefit, while the global average is 67 percent. A full three-quarter of expats in the UAE receive health-care benefits.
Incorporating a company in the U.K. and working there are both, fast and affordable, making it one of the easiest places in Europe to work and run a business in. David Mytton, founder of server monitoring startup Server Density, gave Virgin.com the following reasons why Britain is a great place to do business:
*The tax authorities understand that new companies generally aren’t profitable in their early years.
*The British government offers various tax benefits for investors, founders, and employees.
Some of the best places to start a business in the U.K. include Derby, Stoke, Belfast, Stirling, and Durham.
United States of America
What makes the United States a good country to work and start a business. The workforce is diverse and skilled. It is a recognized leader in research and development as well as innovation. You can also find a wide variety of funding sources: investment firms, banks, venture capitalists, and angel investors.
The U.S. Small Business Administration suggests that you should first determine your business needs, evaluate your finances, check to see if the area is business friendly, and do investigative research on other businesses in the community.
In an interview with Virgin.com, James Wilkinson, COO of Streaming Tank, extolled the benefits of business in New York. “People in New York are open and hungry to new ideas and concepts,” he said, “and once you open the doors their money will follow.” He added that New York is where much of the action happens within an organization.
The Big Apple, then, is at the center of the action. But places like Oklahoma City, Minneapolis, Miami, Atlanta, Seattle, and other U.S. cities are also often cited as being good cities to work in.
As we’ve already learnt which places would be best for a global career growth, or to start a business, it is extremely essential to learn and understand the processes required for global commerce. To have experience regarding international businesses is even better. While working at your organization, it is extremely difficult to miss work and attend classes. Various online MBA programs in India provide a specialization in International Business which gives a global perspective along with the necessary confidence and boost. Bharathiar University in Karnataka provides a 2-year online MBA program which provides video lectures, study material delivered at your house, study centers, and industry speakers. The best part is that, it also provides student placement service that ensures a job in a renowned organization. It is a degree designed to develop the resources and capability of managers in the global economy.