Business traditions and mentality
For doing business in another country successfully, you must understand the mentality of its people, the business traditions of entrepreneurs, and the everyday habits of residents. Its knowing will make your way to success easier.
When negotiating with a foreign company or client, it is worth considering all the differences between the parties, from the legal framework or legislation to business culture. It should be noted that these stereotypes are not universal. However, knowing them will allow you to adapt the strategy and get closer to the desired result, especially if you are not too familiar with the interlocutor.
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India is a country with one of the oldest and most unique civilizations in the world, which is a complex mixture of diverse traditions of East and West. There are many cultural and mental nuances, as well as certain rules that should be considered when doing business in this country.
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Is it difficult to negotiate with partners from India? Are there any unwritten rules to be aware of? We decided to find out about this from business representatives who often have to work with Indians.
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India is an exotic, controversial, not very expensive country to live in and favors small businesses. Everyone, including foreigners, can do it without any obstacles.
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The economic restrictions imposed on our country, the disruption of supply chains, the reorientation of export and financial flows are forcing Russian businesses to look for new opportunities in the markets of the Middle East and Central Asia. Most entrepreneurs see Turkiye as a promising destination for relocation or scaling. Convenient geography, strengthening trade and economic ties, a mature market — all this attracts entrepreneurs and start-ups from Russia. But not everything is as simple as it might seem at first glance.
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Want to understand how to sell or buy a ready-made business? The REAB website has an informative collection of articles "Buying and Selling a Business".
