{"id":282,"date":"2016-10-16T23:36:40","date_gmt":"2016-10-16T23:36:40","guid":{"rendered":"https:\/\/blog.accurants.com\/2016\/10\/16\/go-global\/"},"modified":"2024-10-20T08:32:05","modified_gmt":"2024-10-20T08:32:05","slug":"go-global","status":"publish","type":"post","link":"https:\/\/accurants.com\/blog\/2016\/10\/16\/go-global\/","title":{"rendered":"Why Your Small Business Should Go Global"},"content":{"rendered":"

Expanding your business to another country can be the next step to great success for your company.\u00a0 A lot of companies have seen a massive increase in profits when exporting their product to the right country.\u00a0 It\u2019s not something you want to do overnight but if you have an established and stable company, you should definitely consider your options.\u00a0 Going global can help you out in the following 4 ways.<\/em><\/p>\n

It can be overwhelming and intimidating to enter a completely new market in a country you don\u2019t know that much about, but that\u2019s what actually makes it such a good idea.\u00a0 You\u2019re probably not the only one who feels this hesitation to enter into unknown territory and that reduces the competition by a large deal.<\/p>\n

\u00a0<\/em>Innovation<\/strong><\/p>\n

You will get a lot of new ideas by being exposed to a new culture in a different environment. Statistics have shown that a lot of business owners make significant changes to their product, or create a better one, with their new inspiration.\u00a0 You\u2019re likely to come up with ideas you would have never thought of otherwise and can put them into practice in your home country too.<\/p>\n

The concept of getting new impulses by going global, can be so beneficial that it might even make sense to move abroad for this reason alone.\u00a0 Markets for certain products can be hugely different from one country to the other.\u00a0 A great example of this is the start-up environment of Silicon Valley.<\/p>\n

The stories of successful businesses that started out from the Silicon Valley area are countless.\u00a0 It\u2019s a very inspiring place to be in and there\u2019s a good chance you might be pushed into a direction you would have never thought of going before.<\/p>\n

\u00a0Spread your risk<\/strong><\/p>\n

It might sound risky to expand your business to a distant country that you\u2019re not too familiar with yet.\u00a0 However, the truth is that it can be one of the best ways to make your business grow.<\/p>\n

When a period of economic downfall hits and you\u2019re selling\u00a0fewer products in your home country, your headquarters abroad might still be doing very well.\u00a0 There will always be outside influences slowing down your sales but by being based in different countries, your total profit will suffer a lot less from it.<\/p>\n

If you choose a country that has reversed seasons to that of your home country, you\u2019ll balance out the effects of the winter and summer periods.\u00a0 This is especially true when you sell season sensitive products like winter coats or swimsuits.\u00a0 It can take away the peaks in your sales and generate a more steady income.<\/p>\n

\u00a0Access to new skills<\/strong><\/p>\n

Another overlooked benefit of moving your company abroad, is that you\u2019ll have access to employees with a different type of skillset.\u00a0\u00a0Educational instruction\u00a0is different in every country, which has its advantages and disadvantages.<\/p>\n

You might find that the workers in the country you\u2019re moving to, possess a skill that is hard to find somewhere else.\u00a0 This could very well push your company to a higher level.\u00a0 People in one country can be known for their great work ethics while in another country, they might be more creative.\u00a0 Find out where they have the skills you\u2019re looking for and act accordingly.<\/p>\n

\u00a0<\/strong>Sell more products<\/strong><\/p>\n

There\u2019s no better way to grow your business then by selling more products.\u00a0 Going global can give you just that.<\/p>\n

96% of the total world population is living outside of the US. This means that you\u2019re limiting yourself to 4% of all the people in the world by if you\u2019re not expanding outside of the US.<\/p>\n

You might learn from market research that there\u2019s no market for your product or that the competition is very weak.\u00a0 This makes it more interesting to enter this market.\u00a0 You\u2019ll have to do extensive research beforehand and go through a lot of paperwork but a significant increase of your customer base can very well be worth it.<\/p>\n

We at accurants experienced first hand about small business going global.\u00a0 Originally accurants started out as a service for US based customers\u00a0however once we started getting customers outside US, we\u00a0are ramping up\u00a0to support customers across the globe.<\/p>\n

With Invoicing, Time Tracking, Project Management, Expense Tracking, Mileage Log, Accounting, CRM (Customer Relationship Management) and\u00a0Taxes, accurants provides the most complete solution to run your entire business,\u00a0saving you time and money.<\/p>\n

accurants is a SaaS (Software as a Service) application\u00a0which enables\u00a0all your employees to\u00a0access your company\u2019s data from anywhere, anytime and any device.\u00a0 Getting started with\u00a0accurants is easy, try 30 days for FREE\u00a0<\/span><\/span><\/a>and explore all the features, use the\u00a0software tools\u00a0to see if\u00a0they meet all your business\u2019s requirements.<\/p>\n

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Expanding your business to another country can be the next step to great success for your company.\u00a0 A lot of companies have seen a massive increase in profits when exporting their product to the right country.\u00a0 It\u2019s not something you want to do overnight but if you have an established and stable company, you should […]<\/p>\n","protected":false},"author":1,"featured_media":6827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[58,59,60,119,137],"class_list":["post-282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurants","tag-go-global","tag-going-global","tag-going-global-2016","tag-small-business-global","tag-strategies-for-going-global","entry","has-media"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"\/wp-content\/uploads\/sites\/2\/2016\/10\/Go-Global-e1476660862255.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/posts\/282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/comments?post=282"}],"version-history":[{"count":1,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/posts\/282\/revisions"}],"predecessor-version":[{"id":7628,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/posts\/282\/revisions\/7628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/media\/6827"}],"wp:attachment":[{"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/media?parent=282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/categories?post=282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accurants.com\/blog\/wp-json\/wp\/v2\/tags?post=282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}