For many entrepreneurs, going global may be the next stage of growth. Scaling across borders can protect a business from the risk of decline in domestic markets and improve overall growth potential. Using local market assets—experts, talent, and technology—can escalate the prospects of faster growth and help make for expansion success.
But global expansion can also be risky and present challenges that many entrepreneurs have not experienced before. Dangers might include losing focus on the core business, cultural differences that carry over into business dealings, language barriers and a different legal framework, just to name a few.
Join our panel of experts for this two-part series to learn how best to plan for global expansion and hear accounts of successful achievements—and lessons learned—from those who have going global experience.
Each session will highlight how to:
- Conduct the research needed before making the decision to go global. Is expansion beneficial (e.g. in terms of recruiting new talents) and is there a market need for the offered product or service?
- Create a comprehensive and achievable expansion business plan.
- Navigate the local business infrastructure accessing the resources offered by government, private, and local experts for financing, licensing, regulations, attracting talent, and establishing business operations.
- Navigate the legal environment: What are the latest trends in M&A, financing and relocation matters? What is important about the regulatory and compliance environment and what are the potential stumbling blocks?
- Steps to take in moving into foreign markets to create more long-term business opportunities.
