Hiring a business coach to help with international business

International businesses are a business sector that involves large scale operations, international standards, the integration of the economy of many countries, and even international restrictions.  They also entail the fact that this sector is dominated by developed countries and MNCs, that there is a keen competition, and that, given that many countries can be involved, it is of sensitive nature.

So, maybe there is no doubt that a good coach is necessary when it comes to international business.  There are simply so many aspects to take into consideration here that failing to get this coach might make things turn to your disadvantage.

Why do you need a business coach

Your business is international and even though it crosses political barriers, there are still some cultural issues that need to be dealt with.  Naturally, there are also some important commercial differences when it comes to laws of commerce in every particular country.

These cultural considerations involve sensitivity and good human relationships.   Let´s say that you are a business in Canada and are interested in a project development in India, or maybe you are a proprietor in the US looking for a better way to balance your work and life while working in Mexico.  These situations require you to hire the best business coach you can find.

What will a business coach do

An international business coach will offer assistance based on the type, nature, and philosophy of a business.  Of course, the main spot to tap into will be the individual needs of a business.

This business coach will assist a company mainly with intercultural issues, which are important to a successful business.  These issues that a coach will help you deal with include understanding social norms in foreign countries, building business relationships, handling different negotiation styles, understand the role of managers in different countries, and even the role of women in some foreign countries.

The expertise you need for your international business can only be provided by an experienced business coach.  So, a coach is not only needed by experienced companies.  New companies that want to expand to other countries could use the services of a coach.  A new business owner probably does not have the international experience.  They might have the theory on them but it is never the same as having the hands on the dough.

How to find a good one

We have established that old and new businesses wishing to expand internationally need a business coach.  International business, as you already know, is a more intricate form of expansion that requires attention to many details.  Not all companies have what it takes to recover from mistakes.

If you are looking for the best business coach, we suggest Carol Greenway.  We believe she has the experience and skills your company needs.

Expanding a Business? Consider Storing Your Stuff Professionally, Instead of Moving Office

Most businesses when they are expanding would move their office to a bigger location. There are some merits to this but why not just find a storage facility in Kamloops like Los Rios Storage instead of really moving?

Now unless you’re a devoted minimalist, there will be a lot of things to move and it can be a daunting task. If you opt to just professionally store your things, this will be a lot simpler because the storage company will do all the hard work for you. You will also have peace of mind knowing that your important things are in good hands.

Storing Tips on a Tight Budget

Now if you think that storing can be expensive, think again because there are ways to store things while saving you a lot of dollars at the same time. These tips can definitely save you a lot of dollars and you might not even have to consider moving to a new office.

  1. Consider three options

When renting a storage unit, consider three quotes from three different companies. Better still, if you can bring a quote from one company to another company and ask them to beat it. Competition in this business is steep and you will surely get them lowering their prices when you show them different quotes.

  1. Do a background check

Yelp has some good reviews on storage facilities. Ask for a reference from previous customers. You will be surprised at how many will answer your call. Read their reviews and choose the three that stand out. If you have some Ikea furniture, do the honors of dismantling them. Seriously? You have to pay someone for an Allen wrench?

  1. Avoid moving during rush hours

Some storage facilities charge by the hour and if you can’t avoid this type, at least avoid moving at a time when traffic can be a pain. You will definitely pay more if you do.

  1. Consider portable storage units

You can opt renting portable storage units wherein the companies drive the facility to your place, you fill it in, they drive to the storage location and you unload it there. This is a lot cheaper than having to pay all the way for all their services. A lot of small startups are actually doing this option.

  1. Don’t pay for boxes

Boxes are how movers and storage facilities make money. They charge for the boxes that you use in storing and moving your stuff. If you have friends that you can ask for free boxes, you will definitely save a lot. There are websites that you can check also that gives out free boxes for those who are storing and moving.

Instead of moving to a new location, why not consider using as a storage facility? If you haven’t considered this idea, give it a second chance. Unless moving to a new office will really increase your business viability, it will be too much a hassles to do so.

Every Business Should Invest in Good Quality Office Chairs

If you have tried sitting in an office chair several hours a day, you definitely know how important it is to have the best and most ideal one. Not having the right chair for office workers can be a disaster. It would mean not having the right comfort and support. As a result, back and neck pains.

In that case, investing on good quality office chairs is important for businesses. They have the responsibility to provide their workers the best office chairs. These kinds of chairs will surely help their employees to improve their posture, health and most of all, their productivity.

The Benefits

In order to convince you better, here are some of the known benefits of having the best quality chairs in the office.

Comfort. Imagine that your workers are working comfortably in the office. You are giving them the best kind of support that they need while working. It would definitely give them the right drive to perform their job well.

Support. When sitting on the right chair, the workers will never have to complain about back and neck pains again after a long day of work. An office chair with the right support will promote proper posture, as a result will improve the employee’s concentration on work. It will also reduce injuries caused by long hours of working and sitting in the office.

Attendance. With all these, your employee’s absenteeism will be reduced. Since they feel good even after a long day of work, they are most likely to feel sick. They will always feel more energetic every single day. No more call in sick for them.

Health Cost. If your workers are all feeling better and not having to get sick more often, you are most likely to save some amount in paying for your employee’s health insurance cost. And that would mean savings on your part. And you’d be able to spend on some other company’s expenses.

What to look for

If you want to find the most comfortable office chair, then you need to know what to look for. Here are some of the things that you can consider.

It should be comfortable to use. Something that will give you the support that your body needs.

It should also be easy to move. You surely don’t want to get those chairs get it your way. It should also have a good quality wheels so you can move around without a hassle.

It should be highly adjustable. There are office chairs that would give you a hard time to adjust and that would be stressful.

It should fit your office space and design. You need to find something that works perfectly on your space and interiors.

It should be within your budget. This is probably one of the most important thing. You’re buying the right chair that’s within your budget.

You surely can find a lot of options in the market. It’s up to you to make the proper selection process to find the best. Check out some reviews online for you to have the best ideas to begin with.






Barriers to International Business

Barriers to International Business

Natural resources are unevenly distributed in different parts of the world. This raises the need for these resources to be transported from the areas they are found in ,to where they are not found and are required . Also, some businesses may choose to relocate to where the resources are found to reduce the cost of operations.

When a business has been in one locality/region for too long, the domestic market gets saturated and the business may be forced to look for new markets to increase the demand of their goods and hence raise the profits. Businesses may also go global in search of cheap labour or to counter competition. This exchange/transaction of goods, services and resources between different regions or countries constitutes international business. International business has been on the rise in the recent past but it is faced by several barriers.

They include:

1. Import duties

These are taxes that federal governments impose on imports with the aim of raising government revenue and to limit the amount of imports hence protect local industries. Import duties raise the prices of the imported goods and hence lowers the demand for these goods.  Here is how import duties can affect international trade.

2. Quotas and embargoes

Quotas refers to the limit of the amount of certain foods to be imported in a country. They are aimed at limiting the amount of imports here protecting the local industries. Quotas lower the supply of the targeted goods, this increases the price of these goods and consequently lowers the demand. Embargo refers to the complete ban on specific imports and exports. Quotas and embargoes discourage the movement of goods across boarders and hence is a barrier to international business.

3. Cultural, social and language barriers

The values, beliefs and concepts of people vary from place to place. This affects the flow of goods and services in that a certain highly demanded product in one place may not appeal to people in another place. The religion and education status of the people also determines the type of products and services they need and hence limits international business. Language barrier is also an hindrance to international business since both the buyer and seller need to understand each other properly and come to an agreement concerning the goods or services.

4. Political environment

The political environment of a country is a great determinant of the level of international business with other countries. Political unrest usually leads to loss of property and hence businesses are reluctant to move into politically volatile countries. The political and diplomatic relations between different countries determines how they trade with each other and the policies passed to promote or discourage this trade.

Various businesses and companies are going international. International business is flourishing now than never before. With technological advancements and relaxed trade barriers by most countries, international business can only grow bigger.

Expand Your Business to the European Market

Expand Your Business to the European Market: 3 Key Considerations to Make

While making a decision to expand your business into a new market can be a demanding task in itself, the process by yourself without consulting an expert can be costly. Europe, with over 500 million consumers spreading across 28 countries, and with an ever-improving, well-defined free flow of goods, provides a market that’s difficult for a small growing business to ignore.

If indeed you have a viable business idea, a growing business, or an already established business somewhere outside the continent Europe, you will probably have a viable market in Europe.

Below are three key considerations you should make before you expand your business into the European market.

Use valuable online research tools and resources

While thinking of opening a new business branch in Europe, you should consider using trusted online foreign exchange services to handle your currency conversions. Most online FX services offer relevant resources as well as helpful tools, and on top of the list are free online currency conversion and 24/7 customer service.

With affordable markups and absolute transparency, you will always know where your funds are at as far as the payment process is concerned.

Consider all European rules, regulations, and guidelines

Even though you can do business freely in Europe once you set it up, it’s important to know that EU has a broad range of regulations with which your company must comply. In addition, if you’re a british company, the implications of Brexit means you might have to think about EU regulations for international businesses

For instance, most of the products destined for Europe must have a CE marking to indicate that, a product -regardless of its size or value, meets all the EU safety, health, as well as environmental protection requirements. And if your company intends to sell chemicals or pharmaceuticals, you must register it under and comply with the European Union REACH (Registration, Evaluation, Authorization, and Restriction of Chemical substances) regulatory guidelines.

Moreover, whereas some European countries have introduced requirements such as filing annual tax returns, other countries have a value-added tax. Most of these countries will also require that you combine an annual audit or annual filings and quarterly filings with regional authorities.

And as a prospective European Union entrepreneur, you will have to learn about the continent’s foreign tax obligations as well.

Register your business with a development agency

Once you have identified your ideal business country or region in Europe, you will have to contact regional or national development agencies to get relevant information regarding to local regulations and requirements to guide your operation in the E.U

The European market is more than open to businesses from other continents now than it has ever been. It’s now upon you, as a business owner looking to go international, to take a step forward and expand your business.