Going global is a good way for small to medium-sized businesses
to bring in more revenue. Many business owners think the simplest way to do
this is to state that overseas shipping is available. The Enterprises TV show
explains how businesses can go global successfully.
Research the countries where you want the business to expand
overseas. Is there a customer base there? Or one to grow?
Will the product that sells well here sell well
internationally? In which countries will the product sell best?
Are there enough staff members to do the work needed when
international orders come in? Do you have employees who can speak and write in
the language of the country where business may be expanded?
Enterprises TV also asks business owners to consider the
taxes and other compliance issues in other countries. These can be quite different
from country to country. Due diligence is more than just reviewing paperwork,
permits and licenses. It is taking time to think through the entire process,
every scenario, evaluating your business’ strengths and weaknesses and knowing
that an international expansion is not only doable, but will be profitable.
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View more Enterprises TV Press Releases
Watch Enterprises TV videos on Vimeo
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