The 7 Essential Elements Of A Winning Business Development Plan

At this phase, the firm adds an export manager as part of the marketing department and finds foreign partners. It invests in its own designers to achieve this.

international management group gmbh

If you are starting your own business it is important to come up with a business development plan. In international companies, the high failure rate of expatriates can be contributed to six factors − career blockage, culture shock, lack of cross-cultural training, an overemphasis on technical qualifications, using international assignments to get rid of problematic employees, and family problems. Retrenchment strategies involve a reduction in the scope of a corporation’s activities, which also generally necessitates a reduction in number of employees, sale of assets associated with discontinued product or service lines, possible restructuring of debt through bankruptcy proceedings, and in the most extreme cases, liquidation of the firm. First, the dynamics of a growth market – including the … Read the rest

What Is Back Translation And Why Is It So Important?

Good translation is a fine instrument, it’s not a blunt tool. It’s also a process that has an awful lot riding on it, as the slightest mistake or misunderstanding can potentially have drastic consequences. If something is missed or incorrectly interpreted early on in the translation, it throws the validity of everything else into question and can have serious consequences. This is why so many people who need translation services invest in back translation: because there is so much riding on getting everything word perfect. But what is back translation, and why should you pay for it?

Back Translation Is A Process Of Double Checking

In essence, back translation is a very simple process but an absolutely crucial one. It is the process of double-checking a piece of translation to ensure that it is 100{a09df0a7172ddbd410cbc83e52d18ea8893b7d066ec9e694b3e49f37d306c3bb} accurate. Say you’ve paid someone to translate Italian into English, and you now have a … Read the rest

Peter Jones Jessops calls in administrators for second time in just over year

Camera retailer Jessops is to appoint administrators for the second time in little more than a year, in a move that puts 120 jobs at risk.

The business, controlled by Dragons’ Den panellist Peter Jones, said it had filed a notice to appoint administrators after being hit hard by lockdown restrictions. The filing temporarily shields Jessops from creditors and gives it breathing space to find a way for the business to carry on, the company said.

The chain, which Jones’s PJ Investment Group bought out of administration in 2013, has been whittled down to just 17 shops. More than half its stores closed after it hit trouble in 2019.

Jessops is considering a company voluntary arrangement (CVA) – an insolvency process that would enable it to cut its rents. It is also in talks with suppliers and partners. PJ Investment Group is offering to provide additional financial support if management … Read the rest

How I Overcame the Fear of Being My Own Boss

These are some lessons I learned from Robert Kiyosaki’s “Before You Quit Your Job” before I started a business.

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

“Life is the sum of our decisions” – Albert Camus.

One of the great obstacles I faced in deciding to walk away from my job to become an entrepreneur was fear. Fear of venturing, fear of being singled out, fear of failing. And probably the biggest: not being sure that, on the 15th, I was going to receive a specific payment.

Terror of thinking that months or even years could go by without receiving a single penny.

I felt judged by the stereotype of that guy in an expensive suit and

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