How to Start a Business Outside of the US

The speaker discusses the idea of starting a business outside of the United States or your home country. He shares three things to consider and an important question to ask yourself.

The speaker emphasizes the importance of understanding the differences in operating a business in other countries. He highlights the need to adjust to cultural and business differences when venturing into new markets.

The speaker encourages exploring business opportunities in other countries but stresses the need to be aware of the unique challenges and differences in each market. He provides examples of friends who have succeeded in real estate in Cambodia and Tbilisi by adapting to the local business environment.

The speaker presents three options for starting a business abroad: getting a job in the desired country to gain experience, choosing a specific country to focus on and building a network, or starting a business by yourself in a foreign market. Each option offers different pathways to establishing a business outside your home country.

The speaker discusses the strategy of choosing the right country for business incorporation based on favorable laws and market conditions. He advises against incorporating in countries with restrictive laws and suggests leveraging knowledge of different markets to optimize business operations.

The speaker highlights the advantages of doing business in frontier markets where opportunities for growth and success are abundant. He encourages entrepreneurs to consider frontier markets for significant business growth and expansion.