{"id":31792,"date":"2018-09-10T19:26:55","date_gmt":"2018-09-10T23:26:55","guid":{"rendered":"http:\/\/www.andysowards.com\/blog\/?p=31792"},"modified":"2018-09-10T19:26:55","modified_gmt":"2018-09-10T23:26:55","slug":"think-bigger-big-steps-help-build-global-business","status":"publish","type":"post","link":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/","title":{"rendered":"Think Bigger Than Big: Steps to Help You Build a Global Business"},"content":{"rendered":"

The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a nice enough profit with your local venture, but how long will \u201cnice enough\u201d; last? Will you be able to retire when you reach your Golden Years? Will you be able to afford the lifestyle to which you\u2019ve become accustomed when you no longer work? No, you don\u2019t have to be the next Jeff Bezos and take over the world, but wouldn\u2019t you like to afford those around the world the opportunity to enjoy your product or service? Yes? Okay, keep reading.<\/p>\n

Plan Your Global Expansion<\/h3>\n

\"Steps<\/a>
\nAustralia: Increased Internet Coverage & How Digital Marketing Is Impacting Brands<\/em><\/p>\n

When you opened your business you wrote a business plan to help you see how to turn your idea into a profitable venture within an allotted timeframe. You also used that business plan to secure funding for your startup, which made it easier to realize your dream. Now it\u2019s time to write another business plan, an international business plan, and Entrepreneur magazine<\/a> explains the tenets of the plan are the same: You want to \u201cevaluate your needs and set your goals.\u201d You must be committed to international growth before you attempt it. It won\u2019t be easy, so make certain you\u2019re ready with a full-proof plan. If you can\u2019t get the plan to look good on paper, you\u2019re not ready.<\/p>\n

Research Your Foreign Markets<\/h3>\n

\"Steps<\/a>
\nHow to Invest in a Changing World<\/em><\/p>\n

With your plan in place, it\u2019s time to identify which foreign markets will work best for you. One excellent resource for information on global business markets is the U.S. Department of Commerce<\/a>. The DOC keeps a comprehensive database of foreign markets interested in \u201cU.S. goods and services,\u201d according to Entrepreneur<\/em>, and since it is the cabinet enacted to promote economic growth in the United States, you can bet it\u2019s interested in helping you expand your operation. Along with the DOC, use other reliable resources to determine where you would be best suited to expand your venture. This includes competition. Network with others in your field who have already opened overseas operations.<\/p>\n

Determine the Best Distribution Methods<\/h3>\n

\"Steps<\/a>
\nTrucking in the Cloud: How Cloud Computing is Changing the Way Carriers do Business<\/em><\/p>\n

What you sell will help determine the best distribution methods to get your product or service overseas. In some cases, it may suit you to open global offices or subsidiaries in their respective locations. In other cases, it might be better to work through a local agent or distributor. Each country is different, so once you know the markets in which you want to expand, find out the best way to expand. Worth a whopping $830 million, Sjamsul Nursalim of Indonesia<\/a> works in coal, property, and retail, and he has expanded his holdings beyond his home country into Singapore. Retail works for Nursalim in Indonesia, whereas property development through local management is his pot of gold in Singapore.<\/p>\n

Understand Each Culture<\/h3>\n

\"Steps<\/a>
\n6 Ways IT Professionals Can Keep Their Skills Current<\/em><\/p>\n

The term \u201cUgly American\u201d was first used in 1948, and it\u2019s nothing of which to be proud. You cannot expand overseas if you do not take the time to learn about each location\u2019s business practices, culture, and economic and legal differences. First, operating a business illegally in another country will place you and your business in harm\u2019s way. Second, if you go in the attitude that you don\u2019t have to understand your demographic, your demographic won\u2019t understand you and your expansion will flop. A classic example is American-made cars in Japan. The Japanese do not buy American-made cars because the vehicles are too big, inconvenient, and too expensive to operate and maintain.<\/p>\n

\"Steps<\/a>
\nHow to find the safest forex trading sites<\/em><\/p>\n

Take the time to understand each culture and find out what works for them. In the case of American automobiles, the driver\u2019s side is on the wrong side for Japan, and most of the cars are too wide for the narrow roadways. Also understand pricing, how to negotiate deals properly with the foreign governments and your overseas business contacts, and all of the export rules and regulations. Your goal should be to set up an expansion plan that will be welcomed by a foreign government and its citizens rather than viewed as ugly. This includes packaging, labeling, and foreign logistics. Leave no stone unturned. Again, seek guidance from appropriate parties.<\/p>\n

Don\u2019t Go Too Fast<\/h3>\n

\"Steps<\/a>
\nFour Ways To Get Smart With Your Marketing Plan<\/em><\/p>\n

Finally, don\u2019t think too big at first. Even if you have enough operating capital to expand to numerous global markets, it might be better to get your feet wet with only one. Once you\u2019ve completed your research, decide the best global market for your product or service and work toward expanding there first. This not only helps you understand the process through crucial experience, it also mitigates your losses. Should the product or service fail in its new market, you only lose one location. If you fail in multiple locations, the financial damage might be unrecoverable. Ultimately you want to think big, but start small to get there for one simple reason\u2026<\/p>\n

\"Steps<\/a>
\n3 Ways The Digital Age Has Benefited Entrepreneurs<\/em><\/p>\n

When you are wise in your global expansion, your chances of success increase exponentially. Go big or go home, but start small.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a nice<\/p>\n","protected":false},"author":1,"featured_media":31798,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[109],"tags":[2356,5891,664,9512,988,3777,8205,6412,9514,5892,7135,2244,3937,738,442,9513,4406,115],"yoast_head":"\nThink Bigger Than Big: Steps to Help You Build a Global Business<\/title>\n<meta name=\"description\" content=\"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Think Bigger Than Big: Steps to Help You Build a Global Business\" \/>\n<meta property=\"og:description\" content=\"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/andysowardsfan\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-10T23:26:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"710\" \/>\n\t<meta property=\"og:image:height\" content=\"434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andy Sowards\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@andysowards\" \/>\n<meta name=\"twitter:site\" content=\"@andysowards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andy Sowards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/\",\"url\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/\",\"name\":\"Think Bigger Than Big: Steps to Help You Build a Global Business\",\"isPartOf\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg\",\"datePublished\":\"2018-09-10T23:26:55+00:00\",\"dateModified\":\"2018-09-10T23:26:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\"},\"description\":\"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a\",\"breadcrumb\":{\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage\",\"url\":\"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg\",\"contentUrl\":\"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg\",\"width\":710,\"height\":434},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.andysowards.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Think Bigger Than Big: Steps to Help You Build a Global Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#website\",\"url\":\"https:\/\/www.andysowards.com\/blog\/\",\"name\":\"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards\",\"description\":\"Design Inspiration & Business Resources for Creatives\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415\",\"name\":\"Andy Sowards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg\",\"caption\":\"Andy Sowards\"},\"description\":\"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards\",\"sameAs\":[\"https:\/\/www.andysowards.com\"],\"url\":\"https:\/\/www.andysowards.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Think Bigger Than Big: Steps to Help You Build a Global Business","description":"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/","og_locale":"en_US","og_type":"article","og_title":"Think Bigger Than Big: Steps to Help You Build a Global Business","og_description":"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a","og_url":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/","og_site_name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","article_publisher":"http:\/\/facebook.com\/andysowardsfan","article_published_time":"2018-09-10T23:26:55+00:00","og_image":[{"width":710,"height":434,"url":"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg","type":"image\/jpeg"}],"author":"Andy Sowards","twitter_card":"summary_large_image","twitter_creator":"@andysowards","twitter_site":"@andysowards","twitter_misc":{"Written by":"Andy Sowards","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/","url":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/","name":"Think Bigger Than Big: Steps to Help You Build a Global Business","isPartOf":{"@id":"https:\/\/www.andysowards.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage"},"image":{"@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg","datePublished":"2018-09-10T23:26:55+00:00","dateModified":"2018-09-10T23:26:55+00:00","author":{"@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415"},"description":"The sky is the limit in today\u2019s business climate. No business is worth a grain of salt if it cannot expand its outreach worldwide. Yes, you might make a","breadcrumb":{"@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#primaryimage","url":"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg","contentUrl":"https:\/\/www.andysowards.com\/blog\/assets\/Steps-to-Help-You-Build-a-Global-Business.jpg","width":710,"height":434},{"@type":"BreadcrumbList","@id":"https:\/\/www.andysowards.com\/blog\/2018\/think-bigger-big-steps-help-build-global-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.andysowards.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Think Bigger Than Big: Steps to Help You Build a Global Business"}]},{"@type":"WebSite","@id":"https:\/\/www.andysowards.com\/blog\/#website","url":"https:\/\/www.andysowards.com\/blog\/","name":"Daily Business Resources for Entrepreneurs, Web Designers, & Creatives by Andy Sowards","description":"Design Inspiration & Business Resources for Creatives","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.andysowards.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/2e0f72bd7f6497fd883e2bd67d9f3415","name":"Andy Sowards","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.andysowards.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/15f95b011563b5894883b22bd4b32d59?s=96&r=pg","caption":"Andy Sowards"},"description":"Im a professional Freelancer specializing in Web Developer, Design, Programming web applications. Im an Avid member of the Design\/Development community and a Serial Blogger. follow me on Twitter @AndySowards","sameAs":["https:\/\/www.andysowards.com"],"url":"https:\/\/www.andysowards.com\/blog\/author\/admin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/31792"}],"collection":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/comments?post=31792"}],"version-history":[{"count":2,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/31792\/revisions"}],"predecessor-version":[{"id":31802,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/posts\/31792\/revisions\/31802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media\/31798"}],"wp:attachment":[{"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/media?parent=31792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/categories?post=31792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.andysowards.com\/blog\/wp-json\/wp\/v2\/tags?post=31792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}