Research into a Destination Country for Business
When you are thinking of doing business in Chile, you need to do some research into it first. You need to work on certain issues before going down there. The internet makes it easier for most people to trade across most borders. You however, cannot ignore the rules that govern business in a given area. You need to read more info about these rules in a given area. In Chile, the case is no different.
You need to educate yourself on the right Chilean business etiquette. Many of the developed world business environments are not so strict when it comes to business attire. This is not the case in Chile. This means you need to go for business meetings appropriately dressed. You need to be punctual, in formal attire, and use formal language. You have to be seen to be professional here. You need to shake the hand of wherever you are meeting. If you know them well, you are expected to exchange kisses on the cheeks, for the ladies, or embrace, for the men.
You also need to know the right people. You cannot do much if you do not have these contacts. Most of the employees in organizations are there because of family ties. This is the case with the government offices as well. This eases the process of getting favors. You, therefore, will gain more here when you have a broad and strong network. You will otherwise have a hard time.
You need to do proper business registration. There are sites where such things are done. You need to make sure you have registered with all the right bodies and agencies. You will face the wrath of the law if you miss any of them. There are recognized printing companies in which you are supposed to print out all financial records. You then need to get a working license down at the municipal office in the area you will be running the business. You need to also arrange for insurance for the business, and it’s employees. You can read more here.
There is a lot you shall accomplish once you learn to speak Spanish. There are even more benefits you get from learning to speak it fluently. You need to observe a lot of formality when you are communicating as well. IT is, therefore, customary for you not to get a fast response to an email, fax, letter, or phone call you made. This culture makes it hard for businesses to move as fast as they ought to. you will soon learn to get into the habit of doing follow-ups.
When you put these points into consideration, doing business in Chile shall not be hard. You need to study the culture and ways of doing business. This is how you avoid trouble later.