Many companies in the United States small and large, want to expand the selling of their products usefully and effortlessly in international markets like South America. The decisions on how to export and conduct a business outside the United States will be made by each company. But Even largest companies a lot of times don’t know how to address different ways of doing business with in other continents or countries. South America is home to a very diverse group of people with a lot of different cultural and religious backgrounds. There are 12 countries in South America. Countries like Brazil, Venezuela, Peru, Argentina, Chile, Bolivia, Uruguay and Ecuador have greatly increased attract the eyes of international investors. If you want to be a international investor looking to invest in a business in south America you have to first know the top must knows for conducting a business in South America.
SPEAK THEIR PREDOMINANT LANGUAGE
People say that business is all about you build relationships, but realistically the truth is that business is really all about communication. By being able to fluently speak Spanish this will be a very good advantage because this will help talk and negotiate with vendors. In South American, Spanish is the predominant language spoken throughout South America, except in Brazil where the spoken language is Portuguese.
GOVERMENT / RELIGION/ EDUCATION
Make sure you understand the basic aspects of the part South America culture you are visiting. You should get familiarized with the different attitudes that might be held in relation to gender, education and religion. Majority of the counties in South America are Presidential democracies. There religion predominantly Roman Catholic. As far as education children between the ages of 13 and 17 years there are only 80% enrolled in the education system. But only 66% attend secondary school. The remaining 14% are still attending primary school.
THERE ECONOMY/ AVERAGE INCOME/ COMMON JOBS
There typical person in South America works about Forty hours a week. South American has a $4.8 trillion economy, approximately 600 million citizens and a thriving middle class, South America is a good rapidly-growing market. The medium class is strong and have an income of about 10,000.00/year. This we help figure out where to put your business, and help you decides will you help there the economy and provide a lot of jobs for the people there. The common job in South America the sugar industry, rice farmers are Indian, as are many growers of fruits and vegetables and forestry and fishing workers. In addition common jobs scientists, workers to pave roads, construct buildings, transport goods, and perform service functions ranging from food production to hotel management.
Most marriage ceremonies are done in the church, as is in most of South America. In some countries in South America the extended family are not existent really, many African women are the family breadwinners. But in some countries many marriage partners are of the same ethnic group, mixed marriages do take place in Paramaribo. The members of large kin groups seem to be close and live within close to one another. Knowing what there attitude toward very help you understand how to advertise and what the people need and what they want.
Start a business in America can be difficult on its own, but international even more difficult. Just like America we have different cultures and a different workplace you have to know how to attract your audience.