Month: April 2021

Is overseas expansion right for my company? Is it right for me

Jeremy Gray Season 5 Show 2 IBGR.Network – PROFIT Radio. Everything a business owner needs to start, grow or exit a business. GROW WITH US. Is overseas expansion right for my company? Is it right for me? Country Profile – Bangladesh: Recently I joined a webinar hosted by Henley and Partners discussing opportunities for businesses in Bangladesh.  The news is a bit of a mixed bag, Certainly Bangladesh has an impressive track record GCP grew last year, one of the few economies that managed growth during the covid pandemic, In 2019 GDP grew by 8.2%. GDP per person is just under $2000 about the same as India, and Bangladesh’s person GDP is likely to overtake India in a couple of years. An interesting fact provided during the webinar was that the middle income class is growing by 10.5% per year. Unfortunately it seems it is not easy to do business in Bangladesh, despite attempts to encourage FDI, 100% foreign ownership is permitted and repatriation of profits is easy, Bangladesh ranks 168 out of 190 countries …