Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > General Issues > General Small Business Issues
Register Search Today's Posts Mark Forums Read

Reply
 
Thread Tools
Old 22nd February 2016, 12:07 PM   #1
AngelBiz
VIP Contributor
 

Join Date: May 2010
Location: Detroit, MI
Posts: 1,260
Default 3 Things To Consider Before Expanding Your Business Abroad

Often when looking to expand your business going international is the best way to do it. Globalization has enabled businesses of all style and size to go after customers they were not able to before. Reaching to new markets and a different selection of customers overseas can be hugely beneficial for your business and literally open up a whole new world of clients. However, it is worth remembering that international expansion does not come without its own risks. There are a few essential things to consider before expanding abroad. Here’s the top three:

Read more - http://www.smallbizviewpoints.com/20...siness-abroad/

AngelBiz is offline   Reply With Quote
Register or log in to remove this ad.
Old 22nd February 2016, 11:29 PM   #2
CodyDeegan
VIP Contributor
 
CodyDeegan's Avatar
 

Join Date: Feb 2013
Location: Philippines
Posts: 148
Default

Globalization made international expansion possible. Expanding in foreign markets would entail opportunities for your business but there are still risks involved. Seeking help from consulting firms who could help you set up your business would be convenient since they are experts in what they do all you have to do have a meeting with them in order to be familiarized with the process, send the requirements that they need for the business registration and pay their fee.

__________________
Doing business in the Philippines CORRECTLY
CodyDeegan is offline   Reply With Quote
Old 3rd March 2016, 06:34 AM   #3
Sushant_09
Member
 

Join Date: Feb 2016
Posts: 7
Default A good communication is also necessary

In my opinion a good communication system is equally important but that should also not burn a hole in your pocket. This has the businesses looking for something other than the traditional systems.

Cloud communication systems come in handy at these times otherwise making international calls seems to be very expensive. Services such as VoIP calling, implementation of Hosted PBX like services turn out to be really helpful for the businesses in cutting costs as well as delivering better quality communication.

Sushant_09 is offline   Reply With Quote
Old 6th March 2016, 11:39 PM   #4
jaynorth
Member
 

Join Date: Nov 2013
Posts: 47
Default

Any business comes with risk factor whether its on nation or international basis, but a solid business plan clubbed with proper handling of finances helps in finding security of it.

jaynorth is offline   Reply With Quote
Old 11th March 2016, 12:34 AM   #5
CodyDeegan
VIP Contributor
 
CodyDeegan's Avatar
 

Join Date: Feb 2013
Location: Philippines
Posts: 148
Default

Since expanding is involved, the financial well being of the company is affected. We also have to consider that it is a new environment so we are not sure on how the locals of that certain country will accept your entry.

__________________
Doing business in the Philippines CORRECTLY
CodyDeegan is offline   Reply With Quote
Old 15th March 2016, 06:31 AM   #6
marketresearche
Member
 

Join Date: Mar 2016
Posts: 14
Default

Before expanding your business abroad, perform a market research to target right audience, set up a website about your products/service, and know about the legalities pertaining to the region.

marketresearche is offline   Reply With Quote
Old 16th March 2016, 03:55 AM   #7
CodyDeegan
VIP Contributor
 
CodyDeegan's Avatar
 

Join Date: Feb 2013
Location: Philippines
Posts: 148
Default

It is also important to make sure that you have the necessary information to make sure that your endeavor won't be wasted.

__________________
Doing business in the Philippines CORRECTLY
CodyDeegan is offline   Reply With Quote
Old 16th March 2016, 04:21 AM   #8
geeksonrepair
Senior Member
 

Join Date: Mar 2016
Posts: 130
Default

For business promotion in abroad you should focus on Target people and specific area. You will have to do business promotion in abroad with full knowledge about marketing strategies over there.

I agree cloud communication plays an important role in this.You can use it.

geeksonrepair is offline   Reply With Quote
Old 17th March 2016, 02:19 AM   #9
CodyDeegan
VIP Contributor
 
CodyDeegan's Avatar
 

Join Date: Feb 2013
Location: Philippines
Posts: 148
Default

You also outsource people in the that country you are targeting, to do it for you since they more than you do and you just have to familiarize yourself with the environment but let them do the strategizing.

__________________
Doing business in the Philippines CORRECTLY
CodyDeegan is offline   Reply With Quote
Old 8th April 2016, 12:45 AM   #10
LaneKreps
Senior Member
 

Join Date: Feb 2015
Location: Dubai
Posts: 110
Send a message via Skype™ to LaneKreps
Default

First, congratulation for your plan of growing business abroad. The most important thing that you need to consider in offshore company formation is documents that are required in the process. To make this easier I would like to suggest you to take guidance from any reputed business plan consultant from the respective country. They have better ideas about every business and rules and regulations of the respective country.

LaneKreps is offline   Reply With Quote
Reply   

Bookmarks


Similar Threads
Thread Thread Starter Forum Replies Last Post
Why YOU Should Build Your Business Credit TCCDepot Small Business Finance 4 27th July 2012 12:55 AM
The 9 Most Devastating Mistakes Business Owners Make, Financing Their Businesses TCCDepot Small Business Finance 0 7th June 2012 11:27 AM
Friend Wants To Buy Into My Business. Any Advice? JohnnyFrancis General Small Business Issues 10 6th June 2012 07:16 PM
Things You Must Do Wihtin 30 Days Of Buying A Business AngelBiz General Small Business Issues 0 9th May 2012 10:22 AM



Thread Tools

Get Updates
RSS Feeds:
RSS Feed for General Small Business Issues RSS for this Category Only: General Small Business Issues

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


Small Business Ideas Forum


 
At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents
 
Search Engine Guide
Small business guide to search marketing

 
Small Business Brief
Fetching the Best Small Business Info


Free Links - Free Advertising
Free Guide - Online Directory



Advertise your business here
Contact us for more details!


Semantic Juice
Register now to access free Quick SEO service!


Rocket Lawyer
Sign up for free 7 day trial. Boost your biz!


Buy UPC Codes
Get your products listed online!




All times are GMT -5. The time now is 11:29 AM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2004 - 2018 - Privacy