Canadian businesses going global is a common norm these days. According to a survey a huge 90% of the businesses that have taken this jump have always been on the positive side and happy with the results. Business is all about expansion with lucrative expansion strategies and knowledge and abilities to keep competing with other businesses. The world is more of a global village than it used to be before and expansions are far easier with high tendency of profitability margins. 20% of the Canadian businesses have the ability for going global which means considerably that most businesses who think globally are large businesses.
Have your workings for the prospect instead of getting excited and thinking too much. Let things come to you smoothly and be confident. Global markets are an honor for which you have worked enough to deserve a place. The challenges of going global are always there but can be handled with a calm and collected approach. The process is fairly smooth after all workings are accomplished.
Taking good advantage of networking opportunities is always a bonus. Get connected to your industry by making solid connections with the international business leaders. Have a competition globally as competition is always good when it’s healthy. Do some research on your competitors and what strategy they adopted while going global?
Apart from good networking skills a solid communication system in place always helps in communication across the boards. Communication is a big challenge as Canada seems far away.
Some good apps for global communication business include WhatsApp, WhatsApp video, slack, skype, WeChat, Telegram, and Line & Google Hangouts.
Other aspects that can help the business owners is good research on the global market trends and what impacts can NAFTA rules have on your business & industry. NAFTA stands for North American Free Trade Agreement.
Courtesy by: MBE Blog
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