While small businesses benefit from being nimble and resourceful, they sometimes struggle to find the money and manpower to tackle the challenge of entering foreign markets. Your business doesn't have to miss out, however.
Large corporations with massive amounts of capital tend to find entry into foreign markets easier than small businesses. While small businesses benefit from being nimble and resourceful, they sometimes struggle to find the money and manpower to tackle the challenge of entering foreign markets.
If you don't mind sharing, a joint venture is an excellent way to enter foreign markets. If you and a related company are both looking to expand, a joint venture allows you to share the risks and the rewards. Together, your two businesses can split the costs associated with finding and building a new location on foreign soil.