You don’t really know a place until you spend a significant amount of time there, seeing different people and places and getting a true feel for “what it’s like.” That said, if you’re running a business and looking for new customers, it might behoove you to sell what you’re selling to customers in different countries,… Read more »
If you’re looking for new markets to do business, consider Latin America. Now you might have heard some bad things about Latin America, with the idea that it’s too risky, but you have to remember with risks come rewards. What are some risks of doing business in Latin America? Corruption There is some corruption in… Read more »
If you haven’t been to someone’s house, how much do you really know about them? If you haven’t been to a different country, how much do you really know about that place? If you’re like most people, you hear information from sources like radio, TV and other mediated forms of communication. And these sources can… Read more »
You’ve probably heard of the term “money laundering.” It’s a crime. It involves taking proceeds from somewhere and disguising its origins to make it look like it’s from a legitimate source. What’s an example of this? If you watch the TV show “Young Sheldon,” the grandma is running an illegal gambling room behind a laundromat… Read more »
Latin America stretches from Mexico to the bottom of South America and encompasses many different countries and cultures, including Argentina, Brazil, Chile, Colombia, Panama, Peru and Venezuela, among others. As a whole, unfortunately, Latin America has a reputation for corruption and bribery when it comes to doing business. These things have been generational– it’s not… Read more »
What are some of the risks of doing business in Latin America? There are the bigger, global issues such as cybersecurity/data fraud and terrorist attacks. Then there are the more local Latin American problems, such as political and economic structural risks. What are the key risks in Latin America? The top risk is failure of… Read more »
Are you interested in expanding your business into Latin America? Before you do, you should strongly consider bringing a business consultant on board to help you make the transition. Ideally, you should look for someone who has helped other American companies establish themselves in Latin America. It’ll increase the chances of your expansion being a… Read more »
A company’s expansion into Latin America has the potential to be a lucrative endeavor. However, it can also put a company at risk for lawsuits and other unexpected legal battles. If your company ever finds itself at the center of a court case, it’s a good idea to work closely with a litigation support specialist… Read more »
Doing business in Latin America can be a risky proposition for your company. However, as long as you conduct risk assessments periodically and put in safeguards to prevent fraud and corruption from affecting you, it can also be very lucrative. Just make sure you’re doing everything you can to confidently do business when you enter… Read more »
