{"id":50441,"date":"2019-12-13T10:47:15","date_gmt":"2019-12-13T18:47:15","guid":{"rendered":"https:\/\/thespanishgroup.org\/?p=50441"},"modified":"2022-01-18T00:41:12","modified_gmt":"2022-01-18T08:41:12","slug":"4-tips-launching-business-new-country","status":"publish","type":"post","link":"https:\/\/thespanishgroup.net\/blog\/4-tips-launching-business-new-country\/","title":{"rendered":"4 Tips for Launching a Business in a New Country"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">Maybe you&#8217;re expanding your business internationally.\u00a0<\/span><\/i><br \/>\n<i><span style=\"font-weight: 400;\">Maybe you want to launch a brand-new business in a foreign market.\u00a0<\/span><\/i><br \/>\n<span style=\"font-weight: 400;\">Whatever your reasons may be for expanding your business abroad, you&#8217;ll face unique challenges as a newbie in the market, so it&#8217;s advisable to prepare for these things in advance.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Here are just a few tips for going global with your company. While this isn&#8217;t an exhaustive list, it should be enough to understand and utilize the crucial elements while pursuing business overseas.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/thespanishgroup.net\/blog\/4-tips-launching-business-new-country\/#1_Focus_on_Localization\" title=\"1. Focus on Localization\">1. Focus on Localization<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/thespanishgroup.net\/blog\/4-tips-launching-business-new-country\/#2_Know_and_Understand_Foreign_Business_Regulations\" title=\"2. Know and Understand Foreign Business Regulations\">2. Know and Understand Foreign Business Regulations<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/thespanishgroup.net\/blog\/4-tips-launching-business-new-country\/#3_Hire_a_Professional_Translation_Service\" title=\"3. Hire a Professional Translation Service\">3. Hire a Professional Translation Service<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/thespanishgroup.net\/blog\/4-tips-launching-business-new-country\/#4_Hire_an_Interpretation_Service\" title=\"4. Hire an Interpretation Service\">4. Hire an Interpretation Service<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Focus_on_Localization\"><\/span><strong>1. Focus on Localization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Localization is essential for any business, but it&#8217;s even more critical when you&#8217;re a foreign brand trying to win over consumers in a different country. A certain amount of adaptation will be needed to fit in with local customs, currencies, taboos, dialects, and lifestyle.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For example, if you&#8217;re a U.S. business expanding into Australia, you should know right off the bat to use the metric system. A spicy snack labeled &#8220;Fahrenheit 100&#8221; will be meaningless to them since their temperatures are measured in Celsius.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">You should also consider cultural differences when it comes to images and stories. Japan doesn&#8217;t have a stork myth, so if your baby products are printed with them, the Japanese will think that your brand likes birds. This isn&#8217;t a world-ending mistake, but it&#8217;s a perfect example of why localization matters. A little research beforehand would let you know to switch from storks to something else.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Know_and_Understand_Foreign_Business_Regulations\"><\/span><strong>2. Know and Understand Foreign Business Regulations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Depending on your country of operation, there might be several rules and regulations to be aware of when conducting business overseas.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Taxes are a significant consideration. On the American side of things, you&#8217;ll need to comply with the Foreign Account Tax Compliance Act (FATCA), but there could be files and fees required by the local government as well. You might also run into red tape concerning imports, exports, deliveries, acquisitions, and customs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Another thing to think about is licensure. You might need <a href=\"https:\/\/thespanishgroup.org\/translations\/document-translations-in-90-plus-languages\/\">special permission from the government<\/a> to start a business as a non-resident, or you might need to apply for certain visas.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Long story short, you should always do your research on business regulations in the country you are planning to expand your business to.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Hire_a_Professional_Translation_Service\"><\/span><b>3. Hire a <a href=\"https:\/\/thespanishgroup.org\/\">Professional Translation Service<\/a><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Several mistakes can be made when you&#8217;re translating things into a different language. Some gaffes have gone down in history for being terrible and laughable:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&#8211; When KFC opened restaurants in China, their tagline &#8220;finger-licking good&#8221; became &#8220;eat your fingers off.&#8221;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&#8211; When the &#8220;Got Milk?&#8221; campaign went to Latin America, it was translated to &#8220;Are You Lactating?&#8221;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&#8211; When Ford expanded into Belgium, they tried to explain to customers that &#8220;every car has a high-quality body.&#8221; They didn&#8217;t realize that it was being translated into &#8220;every car has a high-quality corpse.&#8221;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These mistakes are funny to read about, but they had severe repercussions for the companies that had to recall, rebrand, and reissue their products and services. All of it could&#8217;ve been avoided with proper translation services at the helm!<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Don&#8217;t be like the dairy industry. If you&#8217;re going to a Spanish-speaking country, hire an official Spanish translator like The Spanish Group.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Hire_an_Interpretation_Service\"><\/span><b>4. Hire an Interpretation Service<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Interpretation services are a lot like <a href=\"https:\/\/thespanishgroup.org\/translations\/\">translation services<\/a>, and some people use the terms interchangeably. However, there&#8217;s a big difference when it comes to practical business applications: Interpreters deal with the spoken word while translators deal with the written word.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Interpreters are the ones that you&#8217;ll want to have on-site during a meeting or conference call. They&#8217;ll translate in real-time, and they&#8217;ll work closely with both domestic and foreign parties to help your business succeed on a global level.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re serious about making it big in another country, hire both translation and interpretation services. They can come from the same company, but make sure that you have people ready for reading, writing, speaking, and transcribing anything that comes your way.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>These are just a few tips for starting a business in another country. As you can see, there are a lot of things to consider before you begin stacking bricks on the other side of the world. Feel free to contact us at<\/b><a href=\"https:\/\/thespanishgroup.org\"> <b>The Spanish Group<\/b><\/a><b> if you&#8217;re looking for an official Spanish translator to help with expansion in Latin America! A member of American Translation Association, you can trust The Spanish Group with accuracy, and quality with the shortest turnaround time. <\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Reach out to<\/b><a href=\"https:\/\/thespanishgroup.org\/billing\/\"> <b>The Spanish Group<\/b><\/a><b>, today!<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maybe you&#8217;re expanding your business internationally.\u00a0 Maybe you want to launch a brand-new business in a foreign market.\u00a0 Whatever your reasons may be for expanding your business abroad, you&#8217;ll face unique challenges as a newbie in the market, so it&#8217;s advisable to prepare for these things in advance. &nbsp; Here are just a few tips [&hellip;]<\/p>\n","protected":false},"author":9304,"featured_media":50450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[347,359,283],"tags":[],"_links":{"self":[{"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/posts\/50441"}],"collection":[{"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/users\/9304"}],"replies":[{"embeddable":true,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/comments?post=50441"}],"version-history":[{"count":2,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/posts\/50441\/revisions"}],"predecessor-version":[{"id":142397,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/posts\/50441\/revisions\/142397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/media\/50450"}],"wp:attachment":[{"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/media?parent=50441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/categories?post=50441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thespanishgroup.net\/wp-json\/wp\/v2\/tags?post=50441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}