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Comment on global enterpreneurship

Hello, Lindsey Petersen.  The three things you mentioned – analyzing the business, conducting proper research, and developing a plan – among the necessary steps which you said must be taken before going global, actually start at Day one of starting a small business venture.  In fact, these may have taken much time and resources, all to help get a business off the ground.  I agree that the need for these continues up to the point when small business owners are thinking of taking their venture to the next level – expanding globally. Yes, there are costs at every turn, and for every regulation complied with, there will be several others that may consume much of your funds. I believe, though, that analyzing the business, requires much more than focusing on strengths and weaknesses. What is also essential is to collaborate and cultivate cross-border contacts and have an alert eye for requirements and ways of doing business effectively in the international front. Feasibility studies are crucial, of course, but alongside that, and the formation of  alliances to help you along the way, the following are equally important:

Make sure that a consistent bottom-line profit and steady growth has been maintained over the

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past few years. Look at the trends, both economic and consumer, for indications on your company’s staying power.  Choose your location based on what’s best for your business, not your wallet.. Make sure your administrative systems and management team are extraordinary-you’ll need them to get a new location up and running.  Determine where and how you’ll obtain financing (Spaeder 2004).


Spaeder, K.E.(11 May 2004) 10 ways to grow your business. Retrieved April 26, 2008, from http://www.entrepreneur.com/management/growingyourbusiness/article70660.html

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