How To Expand Your Business Smoothly to Other Countries
Rick Hammell - chief executive officer at the Chicago-based global employer of record (EOR) services firm, Elements Global Services highlights key problems that startups face in expanding to other countries
- Expanding to a new geography takes more than just setting up an office and hiring employees — it is imperative to understand the local market, compliance issues, human resource functions, payroll, in-country capital requirements etc.
- Rick Hammell - chief executive officer at the Chicago-based global employer of record (EOR) services firm, Elements Global Services highlights key problems that startups face in doing so.
- It is important to understand the country’s culture where a company wants to expand.
- By the time a company decides to expand they already have a work culture in place.