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International Business Basics by Scott L. Girard

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Finding Money Abroad

Think global, bank local?

AMONG THE MANY TOP-PRIORITY ISSUES you face as you consider taking your business into a market abroad is how to handle your finances there. Most entrepreneurs ultimately decide it is best, or even necessary, to work with a bank in the target market and perhaps secure some form(s) of capital resources locally. They find that this allows the segment of their business that is operating in the target market to work more smoothly and move more quickly toward a state of sustainability, rather than being completely bound to the laws, structures and relationships of the home country. Their local banking needs can be handled in real time by people who will come to know your business, and that can give the ...

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