When one thinks of relocating or working internationally, Bahrain may not be the place that pops into your head right off the bat. However, it has crept into the spotlight over the past few years as one of the best places to relocate. It made the top 20 places for expats per a list created by Expat Insider annually.
What makes Bahrain so appealing for employers, employees and those looking to relocate is the ease of transition. Bahrain does a great job, according to expats who have been, of welcoming newcomers and making Bahrain feel like their home. It is possible to survive and live without learning the local language, something that cannot be said for many other countries. Bahrain’s English speaking and the prominence of the English language has arisen as a result of it becoming home to people from all over the world with the presence of many different cultures.
Bahrain also offers an impressive work life balance and support for those working and developing their careers there, whether local or expats. This is great for those with families who might need to relocate their entire family. It also offers kids, wives and husbands access to their own pastimes, careers and solid education.
The country does have its issues and uncertainties, one major one being the state of their present and future economy. It is not as stable as other countries, nor is the political landscape.
Despite this, the process and the transition of moving to Bahrain is appealing enough that over one third of those who have relocated there see themselves living there for over 5 years. Experts advise that there will be cultural shock, so it is important to utilize resources offered by employers or that you are able to find, and that private schools are the best option for families looking to relocate. The appropriate documentation should be in order as well, depending where you live and what the requirements are.
Their often comes a time when a company needs to move their organisation in one way or another. This always includes to move personnel in some way and as often it is also affecting their families. Not only you have to discuss the benefits for the employees that are relocated, but you also have to make sure that the families, who may join, also is set for the move. You will need to make sure that the accommodations are in good standard, but also find out about the schools in the area, official paperwork to mention a few. This means a lot of work for the human resource team in the organisation. If the move is to another continent you also need to find out about overseas moving companies, custom duties, insurance, documents for immigration, working visas and healthcare. There is a lot to think about and there is as quite a lot of mistakes that can be made. Depending on the size of the relocation this can be a quite big deal for the organisation. Therefore it is a good idea to find an agency that provides relocation services around the world.
This allow you to focus more on the employees than the external details such as mentioned above. The employee will also find more time to focus on his or hers future taks abroad. Some relocation agencies also provides programs that is training your staff in new culture. It could be a great idea if your company is located in a different part of the world than where the new office will be located. It is also a good idea to plan your relocation in time so everything will be as smooth as possible, since this will also have a great impact on the employees. Maybe the relocation is only happens once or perhaps this will be done frequently throughout the whole company and all the offices around the world. If it will be more frequently it is even more important to consider to hire an agency that will take care of the administration of the moves. Although this will increase the costs of the company it will probably save a lot of money in time for human resource and other administration that has to get the work done. Overall it may even save money.
Most newly started companies usually have thoughts in an early stage to expand international. But getting new markets is largely about timing and this may, in turn, help ensure that your income may increase significantly if the time is right. To work with new markets that you have no knowledge of before, obviously entails risks but also great opportunities for you.
You can work with this actively to avoid falling into pitfalls by acquiring knowledge about the new market. How´s the competitor situation? Quality level? Regulations and culture? There are many questions to be answered. Therefore, we have collect a few important steps for an successfull expansion towards new markets.
So how should you really think when It comes to succeeding in the new market that you do not know before?
The first thing you need to decide is which market you want to expand on. It could be all from a whole country to a city or region. Expanding your business can be very costly for you. Therefore we recommend you to concentrate on one market at a time so you can invest enough resources on the expansion for It.
When you´ve decided for which market you would like to expand for you need to get some knowledge about It by research. How It works and how it differs from the current market?
The more like the intended market is against the present, the better actually. This minimizes the risk of that something could go wrong with the project.
Once this is decided, the next step will be to create a network for its new market with customers and partners. For example, by developing technologies or distribution channels along with them. It is very important that your partner has good local knowledge, because otherwise it can be difficult to handle everything on your own. Your partner should have the same goals as you have and also have knowledge about your common market.