Top Actions You Should Take Before Taking Your Business Global

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Taking your business global allows you to gain new customers and experience new business cultures.  However, the move is no small feat and can have complications along the way.

A panel of Forbes Business Development Council* members share some vital steps business leaders should take before they expand their business globally. Follow their tips to prep for global success.

Oh, and here's a little more help on your journey.

Note:  *Forbes Business Development Council is an invitation-only, fee-based organization for senior-level sales and business development executives.

Today in Global Small Business: If You Want to Lift Up Humanity, Empower Women

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What's affecting me, my clients, my colleagues and other global small business owners:

• Anytime is a good time to expand a business internationally.  Don't let anyone tell you otherwise.
• Quote of the week:  “If you want to lift up humanity, empower women.  It is the most comprehensive, pervasive, high-leverage investment you can make in human beings.” – Melinda Gates
• With global sales among franchisees doubling to $2 billion over the last five years, Waco-based Neighborly has become a household name.
• Entrepreneurs burn out and often walk away from their businesses before they reach the success levels they so longed to reach. They give up just before things “take off” in their business.  Find out why and what to do about it.
• Global trade and exportation of such good is an intricate, complex, and often difficult task that hinges on financing; trade financing.  Trade financing, much like many forms of credit providing, is a key component of the success of small to medium enterprises (SMEs), but that key is not always easy to obtain.  Learn how blockchain-based trade financing is playing into the equation.
• India is looking to fight a lonely battle on global rules for e-commerce trade at the World Trade Organization (WTO) with close to 70 countries siding with the US to have a multilateral mechanism.