Forums: Discussions for entrepreneurs and small business.

Hello everyone. I am 39, have a MPA, and have worked in the IT field for 20 years. Due to the poor economy I was laid off from my job and decided to spend a year in a foreign country teaching English.

It's a developing country and while I was there I could not help think that the next 5 years will see huge economic growth (both in business and real estate). The only westernized place there is McDonalds (4 total) and every one of them was always packed with locals (not Americans) when I visited. If I had the money, I would buy a franchise there in a heart beat, but I don't. I do think the country lacks certain infrastructure needed for western-style fast foods to grow. For example, there were no breakfast items at McDonalds. I suspect due to lack of egg production and perhaps high-costs of importing. This country also loves coffee but there are no take-away coffee places (als Starbucks). It's all sit-down in glass mugs. I think coffee in paper cups will be very lucrative. I have an idea for a small business but right now it's just that, an idea. I have no formal business plan but I do think the idea business could be launches rather cheaply.he

Does anyone have experience with investing in business in foreign countries? Is it possible to get a small business loan in the US for use in a foreign country? I am hard-working and can do most of the work but the world of business finance is new to me. Is it possible to lure existing franchise owners in the US to invest in a foreign country and have me manage the place?

I'd sincerely appreciate any idea or feedback.

Happy New Year!

Jim

 

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I do think that this is a great business if done right. I suggest that you do some more research. Get to know the place where you plan to put up your business, know the people you need to deal with and how much you will need to run your business. Gather all of these info and present your business plan to potential investors in the States. It will be easier to get funding if you can to present facts and proof that you will gain profit. 

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