Going Global: Step 6 – Explore Local Financial and Banking Requirements
This week we’re moving on to step 6: Exploring local financial and banking requirements. During the planning phase of expanding your business into a new market, it’s easy to get caught up in the excitement and potential rewards that setting up overseas often brings. However, as I mentioned in step 5, ensuring you have tight financial processes in place is important to ensure your business maximises its profits and makes the best of the investment. There are 5 key financial aspects to consider as you plan your international expansion and we discuss all 5 in this video.
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