Many business owners struggle with balancing the development of a profitable product or service with taking care of the earth. And in some international business endeavors, you might find different definitions of what encompasses “going green.”
Recent proposals for a change in Chinese trade law have U.S. and European businesses feeling cautiously optimistic this week. Current law in China allows regulators to force foreign companies into giving up the rights to their technology in exchange for entry into the Chinese market. However, new legislation may put an end to the practice – if regulators enforce it.
Whether the new tech you have created is software or an impressive new gadget, it can be exciting to watch your hard work pay off once it begins to sell. As you build your business and your brand, you may start to consider licensing what you have created to foreign markets.
If you want to conduct international business, you are not alone. In some cases, multinational connections can help you increase sales in more ways than you imagined.