Barriers to Running a Successful International Company

When you are planning on starting a business in the first place, there are inevitably all sorts of obstacles that you are going to encounter along the way. In fact, life itself can be seen as a series of barriers that you need to get past in order to achieve the level of success that you are looking for. This is also true of expanding a company internationally.

Barriers to Running a Successful International Company

By anticipating what some of the main barriers and obstacles that you are likely to face are, you can help to put yourself in a situation in which you are able to deal with them all in the most successful manner possible.

Bearing this in mind, we are going to walk you through a few of the most common barriers that could be getting in your way for one reason or another.

Foreign Laws and Regulations

When you have set up your business in your own country, it is inevitable that you will have faced a whole heap of foreign laws and regulations. However, you will have worked out ways of making sure that your company is compliant with all of them. When you are entering a new territory, you will be faced with new laws and regulations that you need to get around. Your first weapon against them all is a sense of knowledge and understanding. You should also look to seek out advice from people who have done business in the new country in the first place.

The Language Barrier

Though we live in a world in which English is an international business language, this does not mean that you are going to only be able to rely on it at all times when you are entering a new territory. In fact, you can easily find yourself in a situation in which you are not giving off the right impression to the new customers if you are not presenting yourself in the right way. In terms of in-person meetings, it can go a long way for you to speak at least some of the language for yourself. However, if you are not able to speak it in a fluent manner, it is certainly going to be worth getting in a professional translator who you trust on the business side of things as well. As for your website and online communication, you can look into Smartling localization software as a way of ensuring that everything is translated properly.

Cultural Differences

Even if it is a country that is located nearby to your own, it is inevitable that there are going to be some cultural differences that need to be overcome. Again, research can help you out in such a big way, but you should also be able to adapt your company to ensure that you are meeting the challenges head-on rather than shying away from them all too much.

All of these barriers need to be overcome when it comes to running a successful company in the manner that you would like.

    e-Business | e-Learning Consultant

    Takis Athanassiou is a Business Consultant, Author, and Trainer, active in the areas of leadership, business consulting, marketing, e-Learning, social media, and personal growth. He aims at the development of people, business and assets! You can check out his blog, listen to Leadership Execution podcast, and follow him on Facebook, Twitter, LinkedIn, YouTube, Pinterest, and Instagram.

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