It is very important to learn the cultural differences in international business because what may be acceptable in your country, could be regarded as being offensive in a foreign country.
In worst-case scenarios, this can lead to unpaid invoices, bad debts and severe impacts on cash flow, all of which can cripple a business. A journalism graduate of Indiana University, Chad began his career with Business News Daily in as a freelance writer.
For a quick check of costs and compliance, UPS International has created an online tool called TradeAbility to help businesses and individuals manage the movement of good overseas. February 18, Whether it is a part of your expansion plans or a new start-up, doing business overseas needs a plethora of skills and sensibility.
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Gone are the days when business was as simple as buying and selling.