The company I am working for produces sneakers. The company now
produces exclusively sneakers for the population, as opposed to a few years
ago, when our market was half population and half sports. The
personalization of the sport sneakers in time have made us realize that we
cannot really compete with the giants if the industry, so that we have
discovered a profitable niche in designing and producing sneakers for the
elderly population. These sneakers generally have in mind two types of
potential customers. The first one is represented by what we called
"sporty" older people and, in many ways, the sneakers are still the same
with the usual sneakers. The second types of sneakers that we design are
medical and orthopedic sneakers that almost anyone can use, but are
specially made for older people. As such, the business has been quite
profitable and we have decided to expand overseas.
Now, in many ways, Europe is the best continent to first expand
overseas. I am taking into consideration here the fact that many of the
regulations are similar to the American ones, the management system, as
well as the general rules under which business is conducted, have many
things in common with the American management and it will be an environment
easier to adopt and where to adapt. Of course, there are differences
between Germany and Italy, between France and Austria or between Spain and
Great Britain, but the differences between the way business is conducted in
the United States and the way it is in Europe are more negligible than,
let's say between the United States and Latin America. There are way more
things to be taken into consideration when expanding to Central or South
America. We should consider, for example, the fact that almost all the
countries in these continents are former Spanish colonies, so that learning
Spanish would be necessary in order to best communicat...