Seven Different Businesses You Can Start Abroad as an American

According to the U.S. Department of State, 9 million Americans live overseas. This number has been growing in recent years as more and more people take advantage of opportunities to work and live abroad.

There are many reasons why Americans choose to move overseas. For some, it is an opportunity to experience a different culture or learn a new language. For others, it’s because of family. However, the common reason is to start a new business elsewhere.

The United States is not the only country with a thriving economy. Many countries around the world offer a great environment for businesses. So if you’re planning to start a new business in another country, you’ve come to the right place for information. Here are some of the best companies you can start abroad.

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Furniture, Fixtures, Equipment

One idea is to sell items that people in every country use, which includes furniture, fixtures, and equipment. You can build a market for both personal use and for business customers.  Reach-in refrigerators and freezers are a good example, including 2 door cooler models. Nella sells food and beverage equipment for a number of different businesses, and you’ll find a wide variety of choices and price discounts.

Restaurant

The full-service restaurant industry might have taken a hit during the pandemic, but it is still thriving, not just in the United States but also in other countries. It’s estimated that this industry is worth a trillion dollars and is expected to grow even larger in the coming years.

The restaurant business is always in demand. People need to eat no matter where they are in the world. So if you have a passion for cooking, starting a restaurant is an excellent option.

When starting a restaurant, there are many things to consider, such as location, menu, and staffing. But if you do your research and plan carefully, you can be successful.

Fast Food Franchise

Americans are known for their fast food. The fast-food industry in the United States is worth over $200 billion. So, it’s no surprise that many Americans choose to start a fast-food franchise when they move abroad.

The great thing about starting a fast-food franchise is that you have a built-in customer base. People love the convenience, always looking for new and delicious options. If you can provide that, then you’ll be successful.

Retail Store

Another excellent option for starting a business abroad is to open a retail store. This is a good option if you’re looking for a brick-and-mortar business. Retail stores offer many products and services that people need daily.

There are many different retail stores, such as grocery stores, clothing stores, and home improvement stores. If you have a particular interest or expertise in a specific type of product, opening a retail store in that industry is a great way to start your own business.

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Contractor

If you have experience in the construction industry, starting your own contracting business is a great way. Contractors are always in demand as new buildings and homes are always built.

When starting your own contracting business, there are many things to consider, such as insurance, licensing, and bonding. But the most important is to take the necessary contractor’s exam in that country. For example, in the United Kingdom, you’ll have to take the certified strength and conditioning specialist exam to be a contractor. So do your research and take the right exam for you.

Freelance Writing

If you have a knack for writing, freelance writing is a great option for starting a business abroad. There are many businesses and individuals who need content written for their websites, blogs, and marketing materials.

As a freelance writer, you can work from anywhere in the world. All you need is a laptop and an internet connection. You can also set your own hours and rates. If you’re looking for a flexible and location-independent business, then freelance writing is a great option for you.

Virtual Assistant

If you’re good at administrative tasks and have experience with customer service, then starting a virtual assistant business is a great option for you. Virtual assistants are in high demand as more and more businesses require assistance with tasks such as scheduling appointments, managing social media accounts, and dealing with customer inquiries.

Starting a virtual assistant business is a great way to be your own boss and work from anywhere in the world. You can give your own rates, and all you need is a good internet connection.

Tutoring

If you’re good at a certain subject, then starting a tutoring business is a great way to make some extra money. You can tutor students in person or online. And you can set your hours and rates.

There are many things to consider when starting a tutoring business, such as what subjects you’ll tutor, how much you’ll charge, and how to market your services. But if you do your research and plan carefully, you can be successful.

There are many other businesses you can start abroad. These are just a few of the most popular options. If you have an entrepreneurial spirit and are willing to do the research, then starting a business in another country is a great way to get started. Just remember to take into account the different laws and regulations in that country so that you can be sure to comply with them.

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies