Whether you are looking to move abroad to start a new life or want to take your business into a new and exciting marketplace, there are a few interesting options out there that might be worth checking out. While the ‘safe bets’ of the United States, China, and the major European nations will always be attractive, scratch beneath the bigger economies and you will find plenty of opportunities.
While moving to one of these places on the plane might be something of a risk, it’s also important to remember that being brave can often pay off. Smaller, developing nations can often be home to an exciting environment that offers astonishing rates of growth. Here are some of the best, up and coming areas in the world that might be worth your time.
Malaysia might be a small country of 29 million people, but its economy has been showing some encouraging signs in recent years. The nation has worked hard to reduce poverty levels in the past half-century or so, and while it was affected by the global financial crisis in 2009, it has bounced back quickly. Cheap manufacturing costs and little bureaucracy in business regulations means that Malaysia is open for business in a big way.
For such a relatively young nation, the Czech Republic has come on in leaps and bounds in recent years and is now one the best opportunities for business people in Europe. It has a GDP of around $205.3 billion and is well known for its welcoming nature towards entrepreneurialism and business. It’s also politically and economically stable and has a reasonably well-developed social backbone that provides citizens with a good life overall.
Poland is another European nation well worth checking out if you have a business. The country provides an excellent environment for entrepreneurs. The population is well educated, and Poland also offers one of the most skilled workforces in the world. It’s well-placed, too, with easy access to the rest of Europe. While many Poles moved to different nations when they joined the EU, it’s interesting to note that many are now returning.
Ras Al Khaimah, UAE
The UAE has been of interest to many major global companies for many years now. But there are more opportunities there than you might think. Ras Al Khaimah has always lived in the shadow of its neighbors in the United Arab Emirates – Dubai and Abu Dhabi are a good example of this. However, there is a lot of potential in the small emirate known as RAK, thanks in no small part to the leadership of the Al Qasimi family. A quick look at the Al Qasimi family history reveals the influence they have had on the nation-state, and it is now a place that welcomes business opportunities from around the world. It is also one of the fastest growing areas on the planet for tourism, and able to rely less on sales of oil than its sister emirates in the UAE.
The former British colony is known as one of Asia’s four economic tigers, and there has been incredible growth over the past few years, particularly in the technology and pharmaceutical sectors. With low unemployment and high GDP per capita, it’s easy to see why so many businesses are looking to enter the Asian market head to Singapore first. And you won’t be alone – immigrants are expected to make up half the population by as early as 20130. It’s a dynamic place in the world, full of movers and shakers and is known as one of the most welcoming nations for entrepreneurs.
While India has slipped from its top spot of recent years, it’s still a place where investment can pay off. It’s a fast-growing, diverse economy that has an incredibly skilled workforce. Given its workers are well-educated and English-speaking, it’s a no-brainer for many entrepreneurs who want to invest in technology, business outsourcing, and software. In fact, India is ranked Number 3 in the world for differentiation, and its unique business environments mean that many movers and shakers thrive in the country.
It’s well worth investigating Thailand for business opportunities. It’s especially true if you are in the manufacturing or agricultural industries, as these are the two sectors which tend to keep unemployment and poverty low, and the economy has been growing steadily over the past decade or so. Tourism is another industry worth investigating – especially if you have an interest in the more adventurous activities that go down a storm with backpackers and holidaymakers. It’s incredibly welcoming to new businesses moving to the area, too, and if you are looking for a place with something different, Thailand has a lot going for it.
Israel isn’t without its risks, of course, given its location in the complicated Middle East region. But it’s one of the best nations in the world for opportunities in the technology sector and is an incredibly advanced economy. The people are well educated, and Israeli culture has a lot of influence throughout the world in many different areas, including science, the arts, and politics. Yes, there are plenty of terrorist threats to contend with, but as we have seen everywhere else in the world, it’s not just a problem in the Middle East. And the simple fact is that it is a great environment for all kinds of entrepreneurs, and offers a high quality of life to its residents.
The Indonesian Islands cover a vast area in the sweet spot between Asia and Australia, and the archipelagos are a natural bridge between two continents, making it an attractive proposition for many entrepreneurs. Indonesia enjoys the largest economy in the region and is known as one of the world’s richest nations. Major exports include natural gas and crude oil, palm oil, and coffee and cocoa. But it’s also becoming something of a centre for technology in the region, and many entrepreneurs are taking advantage of the super cheap manufacturing costs in Indonesia.
Any of these countries tickle your fancy? Let us know about them in the comments section below.
Don’t Forget These Important Points When Starting a Business
Now that so many people are starting businesses these days, you may feel like it is not such a big thing. After all, you can do it from the comfort of your own home. However, if you want to make a success of your company, there are a few points that you will need consider. Here are just a few of the main ones.
Don’t Overcomplicate Your Concept
The best businesses tend to focus on a particular niche and they don’t overcomplicate their initial concept. You may feel like you need to have a complex idea to get anywhere in business, but you are actually better off keeping it simple. If you try to do too much, this can be very difficult to market and customers won’t understand your business. And when you are choosing clients to target, go for a refined group to begin with.
Write Out a Checklist of What You Need to Do
Everything tends to become so much more simple when you note it down on paper in a bullet point list. This should start with writing your business plan, leading up to the point when you form your company with the likes of Your Company Formations Ltd. Following on from this, you should map out how you see the first weeks and months going. Having a clear plan helps to clarify the huge task that you have in front of you.
Overestimate Your Expenses
When it comes to your expenses, you should give yourself some room for manoeuvre. The odds are that you will spend more than you initially think, so it is always worth preparing for the worst with regards to your business costings. The last thing that you want to happen is to realise that you don’t have any money to go further, and you have to wind up your company before it has really gotten started.
Establish Your Support Network
Even if you plan on running the business by yourself, you still need to have a support team who will guide you along the way. These people don’t necessarily have to be business associates, though it does help to speak to people with experience and a clear idea of what they are talking about. A close group of family, peers, friends or mentors will prove to be invaluable to you as you are going down the difficult path of launching a business.
Generate Income Quickly
Cashflow is essential to all businesses, but especially newly-established companies. Your business needs to start generating money as soon as possible to ensure that it stays afloat. Rather than diving headfirst into running your own business, it may be wise to have an alternative source of income in case everything doesn’t go according to plan straight away.
Even though starting a business is easier than ever before in theory, there are still plenty of factors that you need to consider, and these are just a few of the main ones.
What We Can Learn From Tony Robbins About Being Financially Free
If there’s one guy that knows what it takes to be financially free, it’s life guru Tony Robbins. If you watch his seminars, you’ll probably start to wonder if there’s anything he doesn’t know about. He can help relationships, career changes, people with depression, and the reason you’re here – financial woes!
Being financially free is something that absolutely anybody can do if they are willing to take the steps to get there. Luckily for you, you can read this post rather than take an expensive trip to one of Tony’s seminars. Here’s what we can learn from Tony Robbins about being financially free:
You Have To Figure Out What’s Holding You Back
To become financially free, you have to first figure out what’s holding you back. You need to be brutally honest with yourself. Write it down. What do you think you’re doing or not doing that’s stopping you from reaching this goal? Perhaps you’re not doing anything at all and that’s the problem. Maybe you try but you procrastinate. Make sure you examine yourself thoroughly to figure out what the problem is.
You Probably Need Much Less Than You Think
How much do you really think you need to become financially free? In all honesty, it’s probably much less than you think it is. People think that they need hundreds of thousands in the bank to become financially free, but this isn’t the case at all. First, you start small. You start doing something even if it just makes you a little extra money per month, and it pays for your Netflix account. You then build it up, until say all of your bills are covered, then your entertainment is covered, and so on and so forth. If you actually took the time to work out how much you’d need per month to be financially free, you’d probably be surprised at the number. So do it.
When you have the number, you can start coming up with a plan to achieve it. Taking out an easy loan to get your ideas off the ground could work, but you need to make sure you can pay it back in the agreed time.
Your Actions Can Change Your Energy
Sometimes we just wake up on the wrong side of the bed. There’s nothing we can do about that initially. However, it’s a mistake to think that there’s nothing we can do about it at all. Actions can change your energy. This is why tony jumps up and down on a trampoline for a while and does other crazy things before going on stage. It’s why he encourages others in his seminars to do it too. Because the things we do and say can change the way we feel almost instantly, and that can change the things we do from day to day.
You Have To Become An Investor, Not A Consumer
To become financially free, you have to make the conscious decision to become an investor, and not a consumer. Most people are consumers these days. They buy without even thinking about what it is they are buying. Some people invest but not consistently, while others think about it but never actually do it. Starting to invest as early on as possible is one of the most sensible things you can do with your money.
Investment Trends: What You Need To Know For 2018
When it comes to investments, you’ll always find that there tends to be different trends. When you’re used to dealing with the stock market, bonds, or even mutual funds, you may be more than willing to let your fund manager handle the investments for you. But there’s always going to be more to making money than just the stock market. And this tends to be where some of the investment trends will come in.
Of course, there will be different stocks and businesses that become popular, and trends will surround that. But you don’t always have to look to the business economy in order to invest. Because there’s always commodities to consider too. When you’re new to investing, and you’re not all that knowledgeable about the different commodity areas that are available, you may want to stick to the stock market, and not necessarily move on to anything else. But there is money to be made in commodities. So if you’re interested in investing in this area, let’s take a look at some areas that could be worth considering for this year.
First of all, we’re going to start with the commodity of energy. This refers to the areas of oil, gas, coal, electricity, and even ethanol. This can generally be a big area to invest and trade in. The prices often fluctuate, which that then affect the rest of the economy too, as this commodity is linked heavily to utilities. At the moment, gasoline is the number one product recovered during the refining process, showing its popularity. Therefore, you may like to consider this as your investment choice. As well as trading in the product, you may also like to consider buying stocks in the area.
Another commodity to consider is precious metals. Investing in areas like gold and silver or even platinum is quite a classic way of both keeping and making money. These are all natural metals that tend to have a high value in the economy. So much so, that many people will buy themselves gold or silver or platinum jewelry and see it as an investment. However, it’s not just owning these precious metals as jewelry that can be great forms of investments. With predicted demand on the rise and a growth in the population, choosing to invest in precious metals like gold could be a great investment move.
Finally, as something that is a much more modern commodity to consider, you also have the various forms of cryptocurrency. In 2008, Bitcoin made its mark, but there is now a range of digital currencies that could be worth investing in. Although many people and even traders aren’t that knowledgeable on the subject, investing in cryptocurrency is thought of as being attractive due to the safety that comes with it, and the way that it’s free from Government interference. However, this can be quite a risky market, as price does tend to fluctuate, despite the reward potentially being high.
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