The world is going through a bit of a shift right now. Being that we’re in the middle of a pandemic, things are in transition and businesses around the world are feeling it. Some businesses are thriving against the odds, where others have shut their doors and let their staff go. The pandemic has also made many different business owners think that now is the time to jump, leap to the other side of the world and run their business from there. It makes sense: a pandemic does have the ability to prove that life is short – so why wait?
Taking your business overseas doesn’t have to be a difficult process. In fact, it can be fairly straightforward – especially given that it’ not just for the bigger brands out there. Businesses of all sizes can shut their doors in their current country and open new ones in other cities and countries at any time, they just need to know how to do it. Branching out allows you to break into untapped markets with an untapped audience, and you can’t usually do that without leaving your national borders. There are benefits galore to getting freight class shipping quotes to move all of your equipment overseas, and you can do so much more with your business when you take yourself global. So, what are you waiting for? We’ve got several reasons below that you should move your business abroad and grab change with both hands.
- New Opportunities. A new country means a new audience, and if you have a product or service that is going to add value to that audience, then there is no reason to wait around. You can become a trusted brand in a new place, impressing a whole area of the world you didn’t reach before. Your competitors won’t catch on for a while, which means that you can get your foot in the door and get the edge of the new area.
- Tax Incentives. Did you know that many governments offer incentives for business owners looking to come into the country? Tax breaks for corporations can save thousands for a business, and there are even incentives for attracting smaller businesses such as the investors portal in Malaysia to save cash. Exploring the benefits that could be on offer to you from the governments in each country you want to move to is a smart plan before you put anything into place.
- Profit Potential. So many smaller business owners think that it’s too extreme or just not feasible to move globally with a small business budget. It’s not true! If you can outsource overseas, you already know that the labor costs are lower, which will dramatically help your profit margins. It can take a little longer to establish your business overseas, but it’s not impossible!
- A Little More Life. Your business needs a shake up and perhaps the pandemic has been the catalyst for that shake up. A move abroad can breathe the life you need into your company, and you should continue to maintain ties to your home country, too.