10 | 04 | 20
PEO |
4 minute read
Here's everything your business needs to know about global expansion, including best practices and why we're the right partner to help.
10 | 04 | 20
Global expansion is when a fast-growing business takes its operations into lucrative overseas markets. These businesses are looking to reach the next level of growth and they can do this by establishing a presence in new countries across the globe.
Here’s everything you need to know about expanding globally and why we’re best equipped to help.
Business growth often takes place at breakneck speed because any delay or indecisiveness can lead to your business missing out on fantastic opportunities. This is why expansions sometimes take place as part of ad-hoc strategies that haven’t been fully thought through.
Ad-hoc strategies are more likely to lead to miscommunication, problems and a disjointed team. Before entering or exiting countries, make sure your business has a fully-realized strategy in place. The more planning and preparation you do, the more straightforward the process will be.
If your business can enter and exit markets with minimal disruption or delay, then it’s far easier to be agile and responsive to market demands. This flexibility reduces awkward bottlenecks and helps to drive growth.
As your business expands globally, you’re moving from a local or national pool of talent to an international one. Hire people that are creative and productive and watch as your business not only grows but also innovates.
The more diverse your workforce, the more unique and far-reaching your business becomes. You’ll be working with a talented network of individuals who each bring something new to your work.
However, it’s important you find the right people to join your growing business. This can be difficult to do remotely thanks to geographical, cultural and language barriers. To make the international hiring process stress-free and effective, work with the right global expansion partner.
Markets change and consumer demand shifts. Your business needs to be as agile as possible when expanding globally. The more agile you are, the easier you’ll find it to make the right business decisions.
Use a Global Professional Employment Organization (PEO) and you can establish a presence in a new country without having to fully commit. This means recruitment, payroll, taxes and HR can all be taken care of effectively and compliantly - yet you can still remain agile enough to leave if necessary without being tied down.
Working with global expansion partners allows you to control the steps you take overseas and stay flexible. This reduces risk and lets your business enter new markets, safe in the knowledge that a quick and simple exit is always available.
Just because two nations share a border, it doesn’t mean they share the same recruitment laws, tax regulations or HR practices. As you enter new countries, you need to fully understand all the subtle intricacies each one brings.
Failing to know the specific tax, currency and employment laws of the country you’re operating in can lead to serious compliance issues. Before entering a new market, make sure you’ve carried out extensive research so you can work effectively and compliantly.
The headaches caused by a new country’s regulations aren’t applicable if you choose to work with a Global PEO. They’ll have the expertise and in-country partners needed to carry out all of the HR, tax and payroll work needed while adhering to that specific nation’s rules.
Global Expansion is our name and it’s what we do. We help businesses all over the world to enter new markets quickly and without delay. Our expertise allows us to take care of employee benefits, recruitment, payroll and any international bureaucracy that needs addressing.
To take advantage of lucrative new opportunities, you need a Global PEO who has the right experience, expertise and technology. We help businesses like yours with entity setup, global immigration, payroll and employee background screening.
All of our services are backed by award-winning technology which gives our team the tools we need to help businesses expand to over 145 different countries around the world.
For more information on why you should work with a Global PEO, make sure to download our free guide. It features a complete list of the benefits your business will receive when working with a Global PEO.
Your business doesn’t just need any Global PEO, it needs Global Expansion. The guide outlines exactly why we’re the right partner for your business growth. From 100% compliance guaranteed to real-time data insights for our clients, we offer a unique and customizable approach that will take your business to the next level.
Get your free copy of the guide now using the link below.
We can help you get there.
