International Market Expansion: Underestimate the Actual Cost & Fail
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Transcript of International Market Expansion: Underestimate the Actual Cost & Fail
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
International Market Expansion:
Underestimate the Actual Cost &
Fail
• Prepare an accurate budget for international expansion
• Understand how your staffing costs will vary country-to-
country
• Compare regional tax issues and regulatory compliance
requirements
After attending this event you will be able to:
Learning Objectives
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Welcome to Proformative
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
International Market Expansion:
Underestimate the Actual Cost & Fail
Larry Harding, Vice Chairman and
Executive Director, Radius
Today’s Program Speakers
Larry Harding
Vice Chairman and Executive Director, Radius• EY Entrepreneur Of The Year Award Winner
in 2013 (MD region) • Former VP International Finance, Ciena Corp.• Licensed CPA (MA)• BS in Economics, with a dual major in Finance
and Accounting, from the Wharton School, University of Pennsylvania
About RADIUS
RADIUS – Global Growth Experts
Radius helps businesses move into new markets, manage overseas
operations and outsource entire global accounting
and administrative functions.
OverseasConnect– a cloud-based software platform that
allows you to manage all of your global operations from your
desk
Services include:
• International accounting
• Finance
• Banking
• Tax
• HR
• Legal
• Compliance services
WHEN CONSIDERING OVERSEAS EXPANSION,
FIGURING OUT COSTS IS A TOP PRIORITY
What’s the Bottom Line?
CHAPTER 4: WHAT’S THE BOTTOM LINE?
Expenses to Consider When Budgeting for Overseas Expansion
Reliable
estimates justify
international
expansion
Allows you to
compare
investment and
return in different
countries
Enables you to
set profit and
loss (P&L)
goals
Why Get Cost Estimates?
THROUGH HIDDEN COSTS THAT YOU DON’T EXPECT AND
PENALTIES FOR DOING THINGS WRONG, IT BECOMES
CLEAR THAT THE PROCESS WILL BE MORE CUMBERSOME
THAN EXPECTED
Budgeting Surprises
Overseas offices
will be more
expensive
anywhere you go
Basics like
staffing,
services, and
office space will
vary from
country to
country
Tax issues and
compliance
requirements
vary, and
penalties may
be generated
unexpectedly
Employer
social costs
are often
much greater
than expected
Examples Of Budgeting Surprises
Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com
International Market Expansion: Underestimate
the Actual Cost & Fail