Small Business Solutionsby
Is Investing Abroad Realistic for Small Business?
Many small and medium-sized enterprises (SMEs) dismiss the idea of investing overseas. They view it as too complex, costly and risky. After all, aren’t we talking about opening a manufacturing facility far from home in an environment that is drastically different from Canada’s?
Many reasons propel companies like yours to set up shop abroad, such as, getting closer to existing customers, accessing new suppliers, following a major client abroad, and acquiring technical skills that may be in short supply in Canada. Interestingly, at some $460 billion, the sales of our foreign affiliates are now roughly equal to the total value of Canada's exports. A decade ago, these sales were worth 75 per cent of total exports.