What to Choose When Expanding Your Business Globally: Local Entity or PEO?

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You can establish a presence in a new and unfamiliar market yourself by setting up a local entity.  Alternatively, you can partner with a Professional Employer Organization (PEO) to expand into the new market far more quickly with less risk and without needing a full-fledged local presence. 

Here are some tips to help you decide whether a local entity or PEO is right for your business's global expansion. 

Today in Global Small Business: Tips for Expanding Your Business Globally

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

• Thinking about sourcing products but not sure how to begin?  Start here.
• US official urges American small businesses to export abroad.
• The Federation of Small Businesses has urged the Government to keep Britain’s small firms ‘front of mind’ as it embarks on a post-Brexit trade campaign.
• Amazon makes progress in international expansion.
• The importance of expanding your business globally.
• 9 factors to consider before conducting business internationally.

Why Expanding Overseas Is Inevitable

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As co-authors Dennis May and Michael Evans state, "Expanding your business overseas is not for the fainthearted, but for most businesses it will be inevitable as global markets offer greater opportunities for growth. By paying attention to details and outsourcing administrative functions, the difficult job of “going global” can produce great results."

Read their article at Forbes, 10 Key Steps to Expanding Your Business Globally, where they discuss preparing a gap analysis, developing a tactical project plan with commit dates, determining your sales methodology and more.