👉 Why do entrepreneurs, startups, and companies seek FOREIGN MARKETS when looking to grow in their EXPANSION STAGE?
Here are four of the main reasons:
✔ GROWTH: To position their existing services or products in markets with low supply will allow them rapid growth at a relatively low cost -no need to develop anything new, only adapt it to that new market-.
✔ LOWER COSTS: To operate in markets with cheaper production and labor than in their current country will allow them to lower their current costs.
✔ SPECIALIZED HUMAN RESOURCES: Many times, the most specialized human resources in their area, that will allow them to achieve greater efficiency, are found in other countries.
✔ COMPETITION: Positioning their brand in countries where their product or service is not offered yet, will allow them to be the first and thus generate a competitive advantage in the future.
💡 If you or your company are looking to expand into the Latin American market, but have a language barrier, CONTACT US!