{"id":20730,"date":"2020-02-10T18:32:42","date_gmt":"2020-02-10T13:02:42","guid":{"rendered":"https:\/\/www.oracleglobe.com\/?p=20730"},"modified":"2020-02-10T18:54:43","modified_gmt":"2020-02-10T13:24:43","slug":"from-currency-to-systems-of-measurement-suggested-preparations-when-taking-a-small-business-abroad","status":"publish","type":"post","link":"https:\/\/www.oracleglobe.com\/from-currency-to-systems-of-measurement-suggested-preparations-when-taking-a-small-business-abroad\/","title":{"rendered":"From Currency to Systems of Measurement: Suggested Preparations When Taking a Small Business Abroad"},"content":{"rendered":"

\"\"<\/p>\n

\n

Source:
\nUnsplash<\/span><\/a><\/p>\n

Is your small business ready for international customers? This kind of expansion
\nis not suited to every service. There is research to be done and different
\nissues to consider since no country is the same in terms of consumer trends,
\nlaws and other matters. It\u2019s especially important to become familiar with the
\nworldwide debate on systems of measurement: grams versus ounces. Here\u2019s some
\nadvice on what to prepare for when taking your services abroad.<\/p>\n

Know
\nyour International Customers<\/span><\/h2>\n

As
\nalready suggested, different countries are more or less<\/span>
\ndifferent markets altogether. Depending on what kind of company you run, there
\nare six key issues<\/span><\/a> for which you have to prepare if
\nyou want the venture to succeed. In addition to settling registration,
\ncompliance, tax\u00a0and supply chain problems, language and cultural barriers
\nneed to be overcome. Effectively marketing your products and communicating with
\nbuyers are dependent on this. An extra measure you could take is to hire local
\nstaff, like translators and marketers, to help shape an attractive and legible campaign.<\/p>\n

Foreign
\nexchange is another major matter to wrap your head around. Making the effort
\nwon\u2019t just save you from pitfalls, but<\/span> will benefit
\nyour revenue and standing as a brand. For example, not embracing the local
\ncurrency means that you\u2019re not aware of the difference in your products\u2019
\npricing, as well as whether or not<\/span> your prices are too
\nhigh or too low. Consumers trust businesses, big or small, that show full
\nknowledge of their industry, but something they appreciate even more is
\nthoughtfulness.<\/p>\n

Understand
\nGrams and Ounces<\/span><\/h2>\n

\"\"<\/span><\/p>\n

Source:
\nPixabay<\/span><\/a><\/p>\n

This
\ncross-cultural issue runs along the same lines as foreign currency. Not knowing
\nwhat system of measurement other countries use, can affect the efficiency of
\nyour international supply chain. To begin with, a basic rule to remember in
\nterms of weight<\/span><\/a> is that one ounce is roughly 28 grams.
\nLearning the commonly used subdivisions of an ounce and what they amount to in
\nthe metric system also allows better provision of services and communication
\nwith buyers.<\/p>\n

As
\nwe speak, only four countries<\/span><\/a> still use the imperial system:
\nthe US, UK, Myanmar, and Liberia. The first two territories also apply the
\nmetric system, especially in the field of science. However, rumors<\/span>
\naround the UK are saying that its government is preparing to bring back the
\nounce as its official measurement system. Jumping to units of length, don\u2019t
\nforget that some products, like jeans, computer monitors and pizzas, are
\nusually measured in inches. As a small business owner, keeping track of such
\ntrends helps organize your brand correctly. It can also warn you about any
\nchanges you might need to make to international sales.<\/p>\n

Make
\na detailed list of all the things you need to take care of before taking your
\nsmall business abroad. As daunting as it may be, tying up each of these loose ends
\nand becoming more aware of such a venture\u2019s ins and outs can strengthen the
\nbrand\u2019s status in its new home. Its future success depends on how well it
\nmanages to bond with international consumers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source: Unsplash Is your small business ready for international customers? This kind of expansion is not suited to every service. There is research to be done and different issues to consider since no country is the same in terms of consumer trends, laws and other matters. It\u2019s especially important to become familiar with the worldwide […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts\/20730"}],"collection":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/comments?post=20730"}],"version-history":[{"count":0,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts\/20730\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/media?parent=20730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/categories?post=20730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/tags?post=20730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}