Question: What’s a good sign you should expand your business globally?
Your Customers Love You
"Here is one of the most encouraging signs you are ready to expand. It indicates an ongoing demand for your products or services, as well as satisfaction with the quality of what you do. If you feel you have developed a momentum with your customer base or if multiple customers are asking you to expand your services, you can be sure you have demand to rely on once you make the decision of expanding."
You Meet These Five Criteria
"If your business appears to be applicable to a diverse, global customer base, you have a direct competitor who does business globally, your business is ready for global culture adaptation, you promote global collaboration and you're globally profitable, you are ready to expand. "
You Notice Sales Remain Relatively Stagnant
"There are two indications. The first is that your sales numbers have remained relatively constant, with little growth (a sign that your local or regional market may be fully tapped). The second is that you’re noticing more and more clients approaching you from outside your regular area of business. A global presence has started to grow on its own, and all you need do is adopt it."
You Have International Clients
"If you have current clients who are expanding globally, you should definitely take advantage of this great opportunity. If your clients are international, there will most likely be similar clients worldwide."