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Sometimes global entrepreneurs face hazards far more insidiousthan unfamiliar languages and customs. One of the worst experiencesof doing business abroad: dealing with corruption.
"Bribery is a common way of doing business in a lot ofplaces," says Steve Veltkamp, president of Biz$hop, animport/export business and consulting service in Port Angeles,Washington. Veltkamp, 47, notes that bribery is most common inunderdeveloped countries. "Where basic jobs don't paywell, it's tempting for an official to 'supplement'income that way," says Veltkamp. "It's deeplyingrained."
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