1. Why do I need to go global?
There are many reasons to go global. One of them is a possibility for growing your revenue. Although international business requires investment, your company gains returns from increased sales in new markets or cutting costs of production and distribution. As a result, your company value and cost of shares go up.
Apart from direct benefits your company gains from world-wide recognition of its brands. A company doing business globally is more competitive. It has more sources of cash and thus it’s more resistant to hostile takeovers.
Finally, raising investments is much easier for a multinational company.
2. What is the best country to go to?
Start with countries with a similar culture to yours and equal purchasing power parity of its consumers.
However, do consider others. Benefits may not be clear, but they do exist. We recommend contacting professionals.
3. What do I need to know before going global?
We recommend knowing your product or service perfectly. Know what makes it unique. Having that in mind, analyze the market of the target country. Evaluate carefully the pros and cons of going there including an estimation of the risks and costs.
When you are ready and have partners in the target country, start international business, whether it is in the form of import, export, licensing, establishing foreign subsidiary, outsourcing or joint venture.
4. Question Title 4
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5. What are the benefits of international business consulting?
International business consulting is able to save you time and money. An international business specialist prepares your activities quickly and knowingly.
By having a consultant you no longer need to spend time and money on learning a new area or sending employees there to learn about it. A consultant may also help you to incorporate changes to your company and make the impact of this change positive for employees and stakeholders.
6. Why wouldn’t you just take my product or service and promote it globally?
We are not a trade agent. Our multicultural and multi-industrial experience has clearly shown that only those businesses that have long-term international marketing strategies achieve their target markets and get good positions in the countries they choose. Contact us to get a personalized offer and quote.