Startups are redefining the term “small business.”
A company may have only 5 employees or be based out of a garage, but it can still have a global audience and customer-base. Accessing supply chains and setting up shop in other countries has become so easy that small businesses no longer need to start local — they can go big right off the bat.
This runs counter to traditional business strategies. In the past, it was an accepted truth that companies were better off incubating in a domestic market. That way they could develop a loyal following, prove value, streamline processes an amass assets before testing the rough waters of international competition — especially without a crack legal squad ready to take on foreign regulations.
To read the original article: Taking your startup global — tricks of the trade | VentureBeat
