Tuesday, August 4, 2015

The Enterprises TV Explains Businesses Can Go Global

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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