Expert Tips For Companies Thinking Globally

AZ Central:

For Arizona companies trying to extend their reach beyond North America, the global marketplace can be vast and confusing. Foreign labor laws, confusing import and export duties and the fundamental difficulties posed by the language barrier keep many business owners at home.

But for those who venture out, the rewards can be great.

‘I believe that working online has been a boom to globalization, bringing everything to our fingertips. Even small companies can benefit from and tap into international markets and resources for growth,’ said Omar Sayed, founder and chief executive of Succeed Corp.

He and executives from Kahala Corp. and Outsourcing International are among those who have discovered the benefits of doing business abroad, and they have some tips for the internationally minded business owner.

‘It’s important to have an outlook that is open to seeking opportunities outside of the United States,’ Sayed said. ‘It was very favorable in our case, finding development partners. We leveraged a strong U.S. dollar to develop our technology at a fraction of the cost. As a result, we were able to pass savings to our customers and offer our product at a competitive price, which fueled our growth.’

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