Connect, learn and grow with our evergrowing community through Forum section. With over 3000+ community members seeking answers and sharing their knowledge, this is the knowledge hub for you to enrich your mind.

Homepage Forums Entrepreneurship Strategies to launch a business in a new location

  • Strategies to launch a business in a new location

    Posted by azam on February 14, 2023 at 12:54 pm

    I am looking to expand my business into a new country.
    What research and strategies shall I employ to ensure a
    successful launch in this new location?

    Prateek Khanna replied 3 months, 1 week ago 5 Members · 4 Replies
  • 4 Replies
  • Raghav Mehra

    February 16, 2023 at 1:31 pm
    banana-2 773

    Expanding your business into a new country can be exciting, but it requires careful planning and research to ensure a successful launch. One key strategy you can look forward to is doing Market Research.

    • Priya Jain

      February 16, 2023 at 1:35 pm
      banana-2 894

      I agree with you. You can thoroughly analyse the new market, consumer behaviour, and market trends. Identify the key competitors in the market, their strengths and weaknesses, and the potential barriers to entry.

  • Shivani Dhiman

    February 16, 2023 at 1:43 pm
    banana-2 580

    Remember to do the Legal and Regulatory Research. Before starting the business, learn about the new country’s laws and regulations governing business operations, including taxation, labour, intellectual property, and other rules that may affect your business.

  • Prateek Khanna

    February 16, 2023 at 2:19 pm
    banana-2 864

    Develop a marketing and advertising strategy that resonates with the local culture and language. Consider local media channels and social media platforms that are popular in the new market.