The technology makes global market an easier place to do business. Basically, doing business globally is not a struggle because our technology shrinks the world smaller.
There are a lot of advantages in going global. You can increase your sales and profits, business will grow bigger. You can also earn a greater return from a set of core competencies.
A global business also enhances the local competitiveness. You can be able to reach larger and lucrative customers. It also generates economies of scale in production.
Another advantage of going global is that it creates jobs, productivity growth and generates wealth. You can also tap potential investors if your business is exposed worldwide. By finding new foreign markets, you can insulate seasonal local sales and you can have cost cutting by doing global outsourcing.
Your business will not stay dependent on the existing market if you go global. By having a wide scale market, you can easily find new markets and producing dynamic sales.
With this new venture, you are open to new ideas, new strategies, new markets and the confidence to dominate the world with your business.