Friday, 28 April 2017

International Business

Becoming a global company is an impressive feat, and not every business that sets out to do it accomplishes the goal. To successfully convert your business from domestic to international, you'll need to consider a new set of factors. Ask yourself the following questions to determine whether your business is ready to expand:

  • Have I ensured that a customer base exists in the country or countries I want to enter?
  • Is the foreign market I'm looking at compatible with my own market?
  • Do I have the available resources and staff to focus on both expansion and my established business? 

While the international market may be a perfect target for your business, expanding beyond your home country isn't without its challenges. Here are a few that you'll need to prepare for:
  • Language and cultural barriers.
  • Tax codes and compliance issues.
  • Local competition. 

P&G Business Consulting is willing to partner with you in assisting you to expand your business into overseas market. We can assist you to conduct market research and investment appraisal to assess the profitability of overseas business opportunities, the available financing options, as well as establish contacts with the locals for your international business expansion. Contact us to discuss your business idea.

“Success seems to be connected with action. Successful people keep moving. They make mistakes but they never quit.”

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