Before you think about going global with your business there are a few things I will learn you first. First you have to take a look at your business success in your country, because if it does not run well there it won’t run well anywhere.
You should really spend a lot time on getting the right partners in the country you want to start expand to. Be sure to check your potential partner’s financial status, influence and reputation in the local business community, access to resources and experience in bringing your country’s brand to his/her home turf.
Be aware of that no country’s are same things that may be legal in your country may be illegal in others. Do your homework here and find out what’s good and bad about the country you want to expand your business into. You should also not rush with anything. Plan for a long time and look at what might go wrong etc, this will prepare your mind for everything and probably save you from loose some money on the way. The last thing I want to say is don’t expect that your business will go gold over night even if your business is gold in your home country. Approach your international development with a five-year business plan for success.
