It might seem like a strange time to start a business, in the midst of a pandemic, economic downturn and period of de-globalization. But in the midst of adversity, there are opportunities, if you take a fresh look, re-assess and examine. While others are going bankrupt and out of business, you can establish a firm foundation for the future.
This will be a weekly series on practical legal issues when coming from abroad to start a business in the U.S., or if you are an immigrant already in the U.S. who wants to start a new business.
While we will focus on very practical legal issues, I will start with a tip that is not legal in nature, but will definitely help you. So, first is to learn about American business culture before you come to the U.S. Or, if you are already here, to not just stay within your own community, but to get out and learn about American entrepreneurial and business culture from other groups or persons not like yourself.
Why am I starting with culture when I am writing a blog on legal issues? Because certain business norms and practices, culture, are reflected in US laws and legal standards. Do not assume what you regularly do in your home country will work or will be legal when operating a business in the U.S.
There are many online resources to help you as you plan your future business. In terms of acquainting yourself with U.S. business culture, there is a plethora of resources. Simply as an example, Gary Vaynerchuk, “Gary Vee”, https://www.youtube.com/user/GaryVaynerchuk, on how to develop your business using social media and EntreLeadership, https://www.youtube.com/channel/UCOwu527B6ufdcVl8l0VYqtQ on the qualities you need to be a leader, and how to motivate your team. Each of these examples come from totally different perspectives – Gary Vee curses a lot, while EntreLeadership comes from a Christian perspective, but both are instructive for entrepreneurs. Both come from a uniquely American perspective, especially if you are coming from abroad and want exposure to various American business outlooks. If you prefer the written word, Harvard Business Review is a great resource, full of good advice. Even though it is written from the perspective of running a large corporation, there is still plenty of insight and good advice for running a small business. You don’t need to agree with everything said. You need to listen to a range of different perspectives. Don’t just listen to those who think like you.
The above are just a few examples which I personally have found helpful. Do not limit yourself, there are numerous resources out there. Next, week we will address a common legal issue affecting many immigrants as they try to establish a business in the U.S. Stay tuned!
Copyright 2020 © Heidi J Meyers, all rights reserved.