Doing a business in abroad always been hard for business owners. However, just because something is difficult, it does not mean you should not go after opportunities. If you are planning to do a business in Turkey we strongly suggest to follow these steps:
1. Research Laws and Regulations
Business laws and regulations could be totally different than your home country. Therefore you should at least understand some basic laws and regulations especially the ones directly linked with your business. It is very significant to know what kind of permissions and licenses you need for your business.
2. Be Aware of Cultural Differences in Doing Business
There would be big niche in your home country’s market for the products or services you are planning to sell in Turkey. However, it would be totally different in Turkey. Therefore, you really need to understand cultural differences that might affect your business in Turkey. In addition, every business owner should consider long payment terms in negotiable instruments.
3. Get Legal Advice and Guidance
We think that this is the most significant part you should consider especially when you are planning to do business in abroad. Find a professional consultant to guide you in Turkey which is probably totally foreign environment for you. You can save significant amount of time and money with an expert consultant.