If you were meant to come up with a business your own that has to involve importing, exporting, franchising, licensing or diversifying your business unit to different market, what’d be your processes and how’d you make this business work in a long run?

1. If you were meant to come up with a business your own and you choose to do something that has to involve importing, exporting, franchising, licensing or diversifying your business unit to a different market, what would be your steps and processes and how would you make sure that this business would work in a long run?
Identify steps, processes, and approaches you take to choose the market you would like to go to: Various analysis (research) you usually make before deciding which market to go to and why?
The product; which product? And Why? By importing, exporting, franchising, licensing, etc.? How? Any documents involved?
How will you market them and how would you communicate and make it sell to your selected market?
Identify your benefit in entering various markets (tax benefit, etc.) and possible risk that could arise in managing them.

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