International Expansion Is Necessary for Long-Term Growth

©iStock/dennisvdw

Despite the growing number of U.S. companies expanding abroad, there are still many firms that haven’t made the leap overseas.  International expansion is necessary for long-term growth.  If you’re on the fence about taking your company global, consider these five benefits of international business expansion.

The first one is to consider new markets outside your home country. Beyond that, look at diversification, access to talent, competitive advantages and foreign investment opportunities.