Pontus Entrepreneurship in an internationel business

1. Behavioral components

1.1. Culture

1.1.1. Understand difference in work cultures to avoid conflict and cofusion in the work place

1.2. Cultural beliefs

1.2.1. Adaptive & respectful to host country's customers

1.2.1.1. For example campaigns & content

1.2.2. Knowing host country's beliefs

1.3. Learn native languages of host country

1.3.1. Attracts prospects and helps build a localized brand

2. Legal componenets

2.1. Legislative Framework

2.1.1. Labor Laws

2.1.2. Consumer Laws

2.1.3. Data security laws

2.2. Knowledgeable about legislative changes in host countries

3. Geographical components

3.1. Logistics

3.2. Supply chain needs

3.3. Skills

3.4. Conduct geopraphical research

3.4.1. Helps and smoothens out initial operation set ups

4. Social components

4.1. Social instabilities?

4.2. Political instabilities?

4.3. Social environment research on countries

5. Economic components

5.1. Inflation

5.2. Target market size

5.3. Direct influence on profitability

5.4. Conduct intensive research

5.4.1. Before international trade affairs

5.5. Cost

5.6. Currency

5.6.1. Exchange rate