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Real Estate Prospects in Dubai

In: Business and Management

Submitted By divitanm
Words 2859
Pages 12
INNOVATION, CHANGE AND ENTREPRENEURS
"Is going international something that only large and established firms should pursue after they have achieved success in its domestic market or should entrepreneurs think about international markets 'right of the bat?' which sorts of products are more amenable to going international by small and new firms?"

Entrepreneurs should think about the international market as “right of the bat”.

We are planning to expand our business in Dubai as real estate market is growing there presently.
Entrepreneurs should think about the international market as “right of the bat”. But before going internationally one should consider these following factors:
Factor 1: Get company-wide commitment. Every employee should be a vital member of your international team, from the executive suite to customer service through engineering, purchasing, production and shipping. You're all in it for the long haul.
Factor 2: Define your business plan for accessing global markets. An international business plan is important in order to define your company's present status and internal goals and commitment, but it's also necessary if you plan to measure your results.
Factor 3: Determine how much you can afford to invest in your international expansion efforts. Will it be based on ten percent of your domestic business profits or on a pay-as-you-can-afford process?
Factor 4: Plan at least a two-year lead-time for world market penetration. It takes time and patience to build a great, enduring global enterprise, so be patient and plan for the long haul.
Factor 5: Build a website and implement your international plan sensibly. Many companies offer affordable packages for building a website, but you must decide in what language you'll communicate. English is unarguably the most important language in the world, but only 28…...

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