Whether you’re launching, expanding, or relocating your small business, there are going to be challenges. You have likely planned for most, with risk management strategies and clever investment decisions. However, there is always room for the unexpected and entrepreneurs have to be ready for anything.
When it comes to launching overseas, it is important to factor in the challenges associated with culture and social differences. For businesses in the Philippines, this means respecting local etiquette, treating employees with fairness, and making an effort to adapt to new routines, rather than trying to impose your own.
It is a tricky balancing act, but there are plenty of resources which can help you start your journey in the right way. Keep reading to find out how to guarantee a smooth launch.
Regroup in a Virtual Office
If you’re not ready to make a firm decision about where you’ll be based, regroup and direct your team from a virtual office. For more info, visit – www.servcorp.com.ph/en/virtual-offices/. These fully equipped workspaces come with everything you need to run a business. The only thing you need to do is register and start accessing the internet, telephones lines, and more.
Build a Strong Team
Whether you’re taking your own team with you to the Philippines or recruiting for new employees right away, be sure about the kind of people you need. The talent pool in Manila is surprisingly robust and diverse. There are a lot of graduates and most of them already speak English. It will take a little while for you to adapt to a different kind of employee, but you can build a strong relationship by being clear, honest, and fair.
Exploit Your Connections
This will be easier for companies that are expanding because they already have a solid client base. While you might not have any connections in the Philippines, it doesn’t mean that nobody else does. Ask around and find out if any of your existing suppliers, vendors, investors, clients, or other associates have links to the country. You could end up with a much smoother introduction than most because the locals really value personal ties and relationships.
Bring In Extra Help
Launching a business is hard enough without the added pressure of feeling like you have to build a complete team right away. It doesn’t have to be the case, particularly if you find a virtual office provider with a range of supplementary support services. For instance, many of the virtual facilities in Manila offer access to general IT, website development, administrative, and communications tools. You pay for them on your terms; only until you no longer need them.
Choose a Flexible Lease
The best strategy is to choose a negotiable office lease because it leaves you with room for change if the market turns out to be a harder target than expected. Virtual workspaces are some of the most flexible environments because they don’t work on the basis of contractual obligation. Instead, you register as a user and pay a flat rate monthly fee for a range of corporate services. If you want access to more, you can add them to your bill.
Why Virtual Office Solutions Are the Future
The big advantage of virtual workspaces is that they give tenants complete independence. They are never asked to make long-term commitments because nobody really knows what lies ahead. To find and retain success in the business world, entrepreneurs need to embrace a certain amount of unpredictability and learn how to adapt to it. The age of the lock in lease is over and the rise of the virtual office is just beginning.