When investing in a small business overseas, it is essential to redact a business plan after visiting the place. Entrepreneurs should approach the new market with an open mind and forget everything they know about business generally and their specific business objective. It is crucial to understand that there is no ordinary standard in business around the world, and the approach should vary from one market to another.

In some regions, especially in poorer areas, relying on internet information alone is not enough and may even be inaccurate. This is particularly true when entrepreneurs do not speak the local language or the internet is underdeveloped. Therefore, it is crucial to gather information by immersing oneself in the local community and gaining a thorough understanding of its customs, values, and beliefs.

There may be many unacceptable expenses that entrepreneurs must incur when investing in a foreign market, including paying for services they do not even know exist or corrupt intermediaries. It is vital to follow the customs of the local society and not try to do things differently or teach them new methods. Instead, entrepreneurs should align their business plan with local customs and follow the lead of the community to ensure success.

While it is essential to arrive with a draft or preplan, the business plan should be redacted after arriving and understanding the place and the people. Entrepreneurs should be open to making changes and modifications to their business plan during their stay to ensure they align with local customs and values.