5 BEST TIPS FOR DOING BUSINESS IN INDIA
1. Negotiating the Language Barrier â—? Interpretation of the language may sometimes be dramatically different from that of the native English speakers. It is crucial to understand how Indians think and speak. â—? A phrase or a word could have entirely different meaning for them than what you thought.
2. Choosing the Right Base for Your India Business â—? You will have to travel a lot across the length and breadth of the country to address your business needs. â—? You should base yourself in a city which is well-connected with other major cities where your market lies.
3. Understanding and Adjusting to the New Culture â—? Visitors to India are immediately reminded that they have entered a country with a vastly different culture. â—? However, a majority of the population, particularly in offices, will give an impression that they are highly modern looking and westernised in their thinking and approach.
4. Learn to be Patient â—? Patience is the key to business success in India. Things take their own time to be accomplished in this country. Sometimes, deliveries can happen incredibly fast, while on other occasions it may take a frustratingly long time. â—? you have to be patient and maintain your composure to succeed here.
5. Be Flexible â—? If you enter into some contracts or agreements, expect several rounds of re-negotiation before it is finalised. Indians start their day late and work late hours. â—? If you are in the middle of a meeting or a conference, be prepared to be interrupted by phone calls or some other work that needs urgent attention.
â—? Running a business in India is not easy; you have to be prepared for lot of cultural differences and new norms of business. â—? Also, make sure that you have the right business structure; setting up LLP in India is a better option than other forms of business set up.
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