Best Practices For Home Based BUSINESS Startups

This Business News Story Was Uncovered By Us From: https://blog.eonetwork.org/2023/01/what-market-entry-experts-recommend-for-expanding-business-to-asia/?utm_source=rss&utm_medium=rss&utm_campaign=what-market-entry-experts-recommend-for-expanding-business-to-asia

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Contributed to EO by Tomas Svoboda, an EO member from the Czech Republic in the Europe Bridge chapter. Tomas is a business speaker and the founder of InCorp Vietnam (formerly Cekindo), a market entry consulting firm that also provides business process outsourcing. InCorp has helped investors and entrepreneurs expand to Asia-Pacific for over 30 years and gained the trust of over 15,000 clients across the world. Tomas recently shared 6 Tips for U.S. Entrepreneurs Expanding Their Business to Southeast Asia on Inc.com.

I’ve spent the last four years starting a market entry business consulting company from scratch in the young and developing Southeast Asian market of Vietnam. I’ve learned a lot about the region and its best practices for conducting business successfully.

We’re currently experiencing a large number of Western entrepreneurs who want to leverage the benefits of establishing their regional headquarters and manufacturing functions in Southeast Asia. To help those who may be embarking on this journey, I will share first-hand insights learned in my role as a market entry consulting firm and business outsourcing expert.

In the coming years, ASEAN, a group of 10-member countries in Southeast Asia, is expected to grow significantly, becoming the world’s fourth largest economy thanks to access to international markets through free trade agreements, and an abundant, young and skilled workforce. Moreover, participation in international trade agreements, including the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, are expected to bolster regional investment further.

According to a recent Standard Chartered Bank survey, Singapore is becoming an increasingly popular place for companies to establish regional headquarters, sales and marketing offices, R&D and innovation centers. Moreover, 80% of firms in the survey ranked Singapore as the id… Read More

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