It is no secret that taking your business global involves several challenges. It takes time and some consistent effort to successfully establish your operation overseas. However, it is important you do not let some of the misconceptions about globalization prevent you from expanding. These common myths about globalization can all be debunked fairly easily.
I don’t have the capital to invest in globalization
While it is true there will be some cost to exploring overseas markets, it may not be as expensive as you think. There are plenty of organizations that specialize in connecting businesses to likely partners on an international level. Some of these trade organizations will help pay for travel costs or will get you into meetings with critical partners in the country you wish to operate in, which will reduce your marketing and expansion costs.