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Published byWilfred Lane Modified over 8 years ago
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Working in new markets Brazil
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Important contract New market area Useful advice
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Basic facts Situated: Fourth largest country in the world. Population: +/- 200 million Languages: Portuguese, Spanish and English Nationalities: Africans, Europeans, Indians and Japanese. → 750 000 natives
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Market Large internal market High-quality sectors Plenty of raw materials Highly trained people
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Relationships Invest in long term relationships and contacts Outside business hours Social events Fly as often as possible
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Language -Portuguese! -Few speak English or Spanish
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Socialising - Handshakes Very informal Good sense of humor Charming Call each other by first name Physical contact and hand shaking Hug → woman: take the first step! Talk relaxed Small talk
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Dress code Men: conservitavely – Preferable in suit Women: allowed more – Colorful clothing - decent
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Gifts When receiving: Thank extensively When giving: Local produced products
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Punctuality Masters at improvising => arrangements on ad hoc basis Check appointments made in advance Visit their office unannounced Businesscards: Name + job title in Portuguese and English Tip: Cell phone number
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Authority Complex state regulation Necessary knowledge Be advised by local lawyer or administrator local content, success opportunities (1) Move to Brazil – Middleman (2) Later stage: establishment (1) (2)
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After doing business After a successful deal Drinks and dinner with their families Family = important Get to know them
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Brazilian optimism + Belgian sobriety =
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