Top10 Global Expansion Best Practices

1. TOP10
GLOBALEXPANSION
BESTPRACTICES

2. 1DEFINE YOUR MOTIVES
AND DO YOUR HOMEWORK
Is international expansion right for your business?
What are your goals in setting up international operations?

3. 2
STARTSMALL
ANDDON’T
OVEREXTEND
YOURSELF
Start with 1-2 key goals in a
small slice of a foreign market.

4. 3CREATE A DETAILED
PLAN FOR SETUP
Determine early on how you will structure
your company overseas.
Understand permanent establishment risk.

5. 4RESIST THE
URGE TO
STANDARDIZE
Entity setup will vary by country.
Depending on your activities, a branch entity
may make sense in some markets, whereas a
subsidiary may make sense in others.

6. 5KNOWTHATALMOST
EVERYTHINGWILLBEDIFFERENT
Hiring employees, issuing stock options, opening a bank account,
filing taxes, setting up insurance and other benefits for new staff –
every country has completely different requirements for each.

7. 6DON’TUNDERESTIMATE
THEEFFECTOFCULTURE
Learn and respond appropriately to different
customs in a business setting.

8. 7PREPARE REALISTIC
BUDGETS AND
CONTINGENCY PLANS
Spending can start out restrained,
but mushroom in the future.

9. 8RECOGNIZETHATYOU’LL
NEEDINITIALAND
ONGOINGSUPPORT
HQ finance and HR need to be involved.
Create transparency among HQ functions
and local management.
Outsource functions where possible.

10. 9BE
PATIENT
Rapid growth can mean rapid failure;
planning can facilitate success.
A best practice is to double the
amount of time you anticipate you’ll
need to become operational.

11. 10 GET HELP
Complying with constantly changing
target-country regulations is
complicated and time-consuming.
Get expert help so you can focus on
what’s important — your company.

12. Need help with your
international expansion?
Connect with Radius:
US: +1 888 881 6576 UK: +44 (0) 203 005 5518
info@radiusww.com
www.radiusworldwide.com
Radius helps companies expand and win globally.

13. Need help with your
international expansion?
Connect with Radius:
US: +1 888 881 6576 UK: +44 (0) 203 005 5518
info@radiusww.com
www.radiusworldwide.com
Radius helps companies expand and win globally.
Want More Insight Into Key
International Expansion Issues?
AN EXCERPT FROM WINNING GLOBALLY: A PLAYBOOK FOR INTERNATIONAL EXPANSION TEAMS
WHAT’S STOPPING YOUR COMPANY FROM
EXPANDING GLOBALLY?
WINDINGDOWNA
BUSINESSABROADWHAT YOU NEED TO KNOW BEFORE
YOU SET UP
View the SlideshareView the Slideshare