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Hi Nelda! There are many factors why businesses did not go that far even if you are successful here in the Philippines like lack of planning, poor communication and advertisement, lack of adaptability that causes poor market acceptance. You might also expanded too early or too late. You maybe had false assumptions about the nature of the international market and underestimated the operating costs.
But there is a way for you to be able to try again and succeed! First, research then strategize. You have to plan your short term and long term goals. Next, build your team. Your team is your powerful asset and each member has something to contribute during your expansion. Next, know the risks. Since you are about to take a step again, you have to be careful and think twice with your decisions. Lastly, stay consistent. Consistency with effective improvements is one of the keys to success.
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