Go Global – Breaking through overseas markets. It’s really good to see entrepreneurs banding together, strengthening their networks and expertise to venture abroad. Kudos to Lifelong Learning Institute (LLI) and SME Centre@SMCCI for bringing everyone together.
Speakers like EILEEN TAN, Partner, IT Services, Stone Forest, Eric Khoo, Head of Business Development, IPOS International, Samuel Cheng, Simple Group, Jason Lee and Lai Wei Bing from Singapore Business Federation graced the event. David Stepat moderated and shared interesting insights too.
Key takeaways when expanding overseas include advice like,
1. Get a trusted & reliable local partner/s in the specific country.
2. Pay the locals well, 10-25% higher than the local markets and monitor their KPI.
3. Always check on feedback & reviews on people and companies from social media.
4. Conduct virtual/physical meetings at least once a month, to show our involvement and care.
5. Increase staff pay & bonuses when they perform.
6. Treat them as family in your company
I am Mar Vin Foo 🌿🪟.
Thank you for banding like brothers for the expansion to overseas.
P.S: Kudos to Master Sanizal, Certified PropTech Consultant for sharing his video, photos to make this post colourful!
Adil Kassim Thank you for inviting and keeping me abreast on these events as well as your valuable experience in helping companies scale. 🌿