Tips On How To Start A Multinational Business

AS the world continues to evolve, young entrepreneurs are seeking guidance on how to establish multinational businesses and navigate successfully through 2024.

Keith Vilani, a South Africa-based Zimbabwean entrepreneur and author, has valuable insights to share on this topic. Vilani, the founder of ELITE24 Group of Champions, a multinational African consultancy firm, emphasises the importance of two crucial factors, with the first being the assurance of compliance as well as listening and adapting to the market.

“When embarking on the journey, these factors come into play once the necessary steps of conducting market research, developing a business plan, identifying partners and distributors, devising a marketing and sales strategy, securing financing, establishing a local presence, monitoring and adjusting the strategy have been accomplished. These two skills highlight a reality that has often been overlooked by numerous entrepreneurs,” Vilani mentioned.

In addition to these skills, Vilani suggested that young entrepreneurs should cultivate their business acumen by improving proficiency in managing business operations, aptitude for collaborating effectively and leading teams.