When starting the company’s international operations, choosing a suitable form of operations has a significant effect on the success of the business. Choosing an operating method creates the foundation for the business for years to come. A company operating abroad can be an affiliated company implementing sales or production, or a “joint venture” founded with a partner company.
The risks of internationalisation can be shared by operating with a partner, reseller or an agent. When a company aspires to a strong independent status in the international market, founding a company of its own should be considered. Internationalisation can be implemented independently by founding an office or a production factory of your own, for example.
Starting and developing an international business requires an international business plan in order for the company to create a strong base for seeking partners as well as funding and controlling operations.
When starting international operations, you should also pay attention to judicial regulations restricting the business. These obligations may affect the profitability of the business greatly and delay the internationalisation process, which is why they should be taken into account in calculations.
The public organisations producing services for Enterprise Finland offer expert help for starting international operations.