Question

Write a 1-2 page essay wherein you choose a nation state in which you would like to open and operate a business. In your essay describe the problems you might encounter in entering the foreign market and in operating your business in that nation

Answer 1

There are various nations in the entire globe, and any party who is interested in coming up with any firm or rather business operations must consider certain factors that have been seen to be affecting the businesses in the different nations (Gao 15). It is then essential that the interested party settles for the nation that will be favorable concerning the challenges that it comes with.

The Nation Chosen and its Challenges

The nation that I would like to operate in is Kenya. There are some of the challenges that I may go through that includes the charges based on the fact that is will be a foreign country (Fei 10). The charges concerning the relevant taxes that I will be required to pay as part of the requirement of any party entering into a business will be slightly higher compared to the case whereby the interested party would be from within the nation or rather a citizen in the very nation. The second challenge will be to adapt to the different culture since it is by the adaptation that I will be in the much-recommended position to fully do business transactions with the relevant potential clients who are interested.

There will be a challenge as well based on the current political conditions or rather temperatures that are very much harsh. There are differences amongst different ethnic groups that doing business and realizing good profits will still be a force to reckon with (Meng 16). The country, however, has been identified as one of the best nations that will be compatible with the products that I am dealing with. It is then up to me to ensure that I am prepared to dance to the tune based on the current situation at hand facing in the future. I firmly believe that there will be changes in the different current conditions and that the firm will be operating as required and so the realization of the firm goals at the end of the day.