Dynamic Language partner Rick Antezana was recently a guest on the 'Price of Business' radio broadcast discussing translation services, global marketing and the markets American businesses should target when expanding globally.
Research is KeyJust as local market research is fundamental to your success domestically, careful research of foreign markets enables a sure-footed expansion process. Steamfeed's "Advice for Startups Looking to Go Global" notes: "One of the biggest mistakes that ambitious startups make is to decide on a market before doing the research. There are some markets around the world that are literally exploding but that doesn't mean that your company would do well there. Just because an economy is booming doesn't mean there is a need or desire for your products or services. Before deciding on where you would like to expand, get the facts."
If your tech startup has had great success domestically, you may be eyeing international markets as the next step in your growth process. However, when you contemplate reaching a global audience with your product, there are some factors you must consider to make going global truly advantageous.
Factor Number One: Timing
Before embarking on any business expansion, the first thing you must do is carefully examine your current situation and your desired situation. For instance, if your domestic operations leave significant room for improvement, you may want to consider getting your business processes in order at home before going global.
If, on the other hand, your domestic revenues are in line with your expectations and your business processes are streamlined and efficient, it may be a good time to consider international expansion.
According to the U.S. State Department, since the year 1975, the U.S. has welcomed more than three million refugees across all 50 states. From 2006 through 2015, 622,169 refugees were resettled to the U.S. through the Refugee Admissions Program, and in 2015 alone, 69,933 refugees were resettled to America.
U.S. classrooms today have students who speak a variety of different languages.
This influx of refugees is likely to continue, as Secretary of State John Kerry recently announced that the Refugee Admissions Program is being expanded to further help vulnerable families from El Salvador, Guatemala, and Honduras.
Globally, approximately 45 percent of all refugees are under the age of 18. This staggering percentage explains why, as refugee families continue to be resettled in America, there is an increasing need for language support for refugee children entering U.S. school systems.
According to the U.S. Census Bureau, at least 350 languages other than English are spoken in homes in the United States. Metropolitan areas have the largest populations of non-English or limited English speakers. For instance, the Bureau reports that in the Seattle Metro area, at least 166 languages are spoken at home, and 22 percent of the metro area population over the age of five speaks a language other than English at home.
U.S. public school systems are increasingly diverse.
Compliance and Language Support in Schools
This is of significant concern for school districts around the country. As the prevalence of non-English speakers or limited English speakers continues to rise, school districts receiving federal funding are required to accommodate the language needs of an increasingly diverse population.
Ensuring that your school district is compliant with federal regulations regarding language support services and that the needs of students and parents are being met requires attention to several matters. School districts must:
• understand the legal definition of "LEP" students and parents
• understand the legal requirements for addressing the needs of LEP parents and students
• identify those students and parents in need of language support within the school district
• assess the level of need and the ability of the school district to handle the need either in-house or through outsourcing
If you spend any significant time in a foreign country, you may need to drive a car there. Knowing the legal driving age and other driving laws for that country may be important so that you don't find yourself on the other side of the law while you are away from home.
There are many considerations when buying property overseas.
Many financial advisors are positively disposed toward the idea of buying land overseas as part of an investment strategy. In addition to diversifying your investments, it can also open a door to establishing residency in that country going forward. Having assets in a foreign country can make them harder to access if you should get sued, and you may be able to profit from upturns in the market there when it is floundering in other nations.
If you rent out your overseas property, it can even generate income for you when you aren't using it. Some tax deductions may also apply to travel costs if you need to manage your investment properties. Another possible benefit to buying foreign property is that it may be cheaper to retire there if the cost of living is lower than it is in the U.S.
Paris, the "City of Love," is a popular destination for honeymooners.
A honeymoon is a once in a lifetime trip taken to launch the newlyweds' life together. Here are some of the top honeymoon spots around the world and why you may want to go there.
1. Paris, France
The romance capital of the world is famous for its sights, including the Eiffel Tower and the Champs d'Elysees, and its intimate cafes, along with the world-famous Louvre Museum. Some Parisians may speak English, but they definitely look down on visitors who can't speak the native French language while they are in Paris.
2. Rome, Italy
Historic sites including the Coliseum and the Trevi Fountain beckon visitors to Rome, where they can also enjoy open-air markets and fresh-made gelato sold on the streets. If enjoying authentic Italian cuisine served by native-speaking waiters doesn't bring out your romantic side, nothing will. Italian is the main language here.
Not all foreign divorce decrees will be recognized in the U.S.
There are several reasons why a U.S. citizen might want to file for divorce in a foreign country. Most prominently, one or more parties to the divorce may be living in the foreign country, which may even mean that they have to file there. There may be dual citizenship in both countries, with the filer perceiving that conditions for alimony and dividing assets may be more favorable in the foreign country. Sometimes, a foreign court will grant a divorce more quickly and simply than a particular U.S. state court (states vary in their divorce guidelines and requirements).