By Kameren Turner:
The United States is a very unique country which means they have a unique way of doing business. There are specific facts about the U.S. make them one of the best countries to do business in. I will highlight what is unique about the United States and why these facts are important to know when conducting business.
These are the top 8 must knows for conducting business in the United States:
- Major Commerce Centers
- Economic System
- Political System
- Dominate Religion
- Views towards education
- General public views towards economic equality
- Importance of social media
- Views towards work
1.) The United States’ have some big cities that do international along with domestic business. The major commerce centers in the United States are New York City, Chicago, Los Angeles, Philadelphia, Boston, Atlanta, San Francisco, Miami, Houston, Dallas, Washington D.C., Cleveland, and Detroit.
2.) One of the most unique things about the United States is it’s economic system. They have a market economy. Unlike many countries, the government mostly stays out of controlling the economy. Businesses decide what is being produced based on what the people want and businesses decide the price in which they will sell their product.
3.) The political system that is in place in the United States of America is a representative democracy. Under this political system, the people have more individual rights. People have the right to own property and to say what ever they feel like saying. This is important for entrepreneurs who are coming to the U.S. wanting to start a business. Politics have a big influence on the economy, which means they have an influence on businesses.
4.) The dominant religion in the U.S. is Christianity. The United States is one of the most religious countries in the world(believe it or not). Religious views have had a big impact on every aspect of the country. These views have shaped the decision making that many people make.
5.) Most Americans believe in the promise of equal educational opportunities no matter race, religion or ability. Also, they believe in a commitment to high standards and high expectations for all students. When conducting business in the United States, you should know that people are very smart and they know how to think for themselves.
6.) Unlike many other countries, the general public in the United States could care less about having it’s citizens economically equal. They do not care if you make millions if you’ve earned it. Most Americans do believe in equal economic opportunity. Everyone should have an opportunity to achieve the American Dream, but not everyone will.
7.) Social media is a big factor in how effective business are in the United States. With the development of technology, everybody can be connected. Good businesses find ways to manipulate social media to be able to market their product efficiently and effectively.
8.) In the United States, there are many changing attitudes towards work. These changing attitudes effect a business’s consumer profile. Many younger people are inspired to go to college rather than working, because in the U.S. you need a college degree for nearly everything. With younger people not working, then they aren’t buying like they use to, so that effects businesses.
These 8 things are must knows if you want to conduct business in the United States. If you don’t know these things, it is likely you business will not be successful. In the United States, nearly 90% of businesses fail, so study these factors that effect businesses and hopefully your business will become part of the 10% that succeeded.