Winning Globally: What's the Bottom Line

WHAT’S THE BOTTOM LINE WHEN BUDGETING FOR OVERSEAS EXPANSION?AN EXCERPT FROM WINNING GLOBALLY: A PLAYBOOK FOR INTERNATIONAL EXPANSION TEAMS

WHEN CONSIDERING OVERSEAS EXPANSION, DETERMINING COSTSIS A TOP PRIORITYCONSIDER THESE THREE QUESTIONS…

WILL IT BE LESS EXPENSIVE TO OPEN AN OFFICE OVERSEAS?IT’S A COMMON MISCONCEPTION THAT OVERSEAS OFFICES ARE ALWAYS CHEAPER, BUT IN FACT THEY’RE USUALLY MORE EXPENSIVE

1

SHOULD WE HIRE LOCAL TALENT OR SEND EXPATS?STAFFING AND SERVICES WILL VARY FROM COUNTRY TO COUNTRY

2

HOW MUCH WILL YOU HAVE TO CONTRIBUTE TOWARDS EMPLOYEE BENEFITS?EMPLOYER SOCIAL COSTS ARE OFTEN MUCH GREATER THAN EXPECTED

3

THERE’S A LOT TO KNOW, BUT THE OPPORTUNITY IS ENORMOUS

BUDGETING ALONE DOESN’T CREATE SUCCESS OR FAILURE…

IT ELIMINATES THE MENACE

OF SURPRISE

COSTS CAN VARY AROUND THE WORLD…

UNITED KINGDOMTHE UK IS ONE OF OUR CLIENTS’ MOST POPULAR EXPANSION COUNTRIES

IF YOU WANT TO BE IN LONDON…EXPECT TO PAY ABOUT 20% MORE THAN YOU WOULD FOR EQUIVALENT SPACE IN A LARGE US CITY

FRANCEOVERSEAS EXPANSION TO FRANCE IS NOTORIOUSLY EXPENSIVE AND TIME CONSUMING

TERMINATING EMPLOYEES CAN COST AT LEAST 12-18 MONTHS’ SEVERANCE IF THEY ARE PAST THEIR PROBATIONARY PERIOD

HIRE CAREFULLY

MEXICOWEAKER PRIVATE SECTOR UNIONS MEAN LESS PRESSURE TO PROVIDE EXPENSIVE BENEFITS BUT…

CHRISTMAS BONUSES ARE MANDATORY. GIVING ONE MONTH’S SALARY AT CHRISTMAS – THE “13TH MONTH” – IS STANDARD PRACTICE

THERE ARE UNIQUE PERSONNEL-RELATED COSTS TO CONSIDER…

BRAZILTHE ISSUE OF SAFETY IN BRAZIL IS SIGNIFICANT

YOU MAY BE REQUIRED TO PROVIDE HOUSING IN SAFE AND EXPENSIVE NEIGHBORHOODS, TRANSPORTATION, AND EVEN PERSONAL SECURITY

IF YOU’RE PLANNING TO HIRE EXPATS…

SINGAPORESINGAPORE IS RATED ONE OF THE MOST BUSINESS-FRIENDLY NATIONS IN THE WORLD

IT’S RANKED AS THE 4TH MOST COSTLY CITY TO LIVE AND WORK IN

ACCORDING TO MERCER CONSULTING…

CHINACHINA MAY NOT BE THE BARGAIN YOU EXPECT, WITH COMPLICATED AND TIME-CONSUMING REQUIREMENTS

A WHOLLY FOREIGN OWNED ENTERPRISE (WFOE) TAKES 6-9 MONTHS TO SET UP

PLANNING TO EXPAND YOUR BUSINESS IN CHINA?

DON’T LET THESE PITFALLS OFPLANNING AND BUDGETING SCARE YOU AWAY FROM THE GROWTH POTENTIAL OF INTERNATIONAL EXPANSION

PREPARING AN ACCURATE BUDGET IS AN IMPORTANT STEP IN THE PLANNING

PROCESS TO SUCCEED IN YOUR OVERSEAS STRATEGY

OFFERS YOU PRACTICAL ADVICE TO HELP YOU PLAN FOR INTERNATIONAL EXPANSION

RADIUS’ “WINNING GLOBALLY” SERIES

WWW.RADIUSWORLDWIDE.COMLET US HELP YOUR BUSINESS MOVE INTO NEW MARKETS

CALL US AT +1 888.881.6576

Download Chapter 4 of Winning Globally: A Playbook for International Expansion Teams

FEELING CONFIDENT?VISIT OUR WEBSITE FOR THE REST OF THE SERIES AND START

THE PLANNING PROCESS WITH OUR BUDGET CHECKLIST