weGrow once provided an insightful list of questions to gauge your readiness for going abroad. While they discontinued their operations in May 2023, we’ve taken the initiative to share their valuable “assessment services” with you. We hope this list offers clarity on your preparedness and encourages you to discuss your results with experts who can guide you on your international journey.
From a general internationalization perspective :
- Our Management team has international (ideally operating) experience
- We have multiple cultures and languages amongst our team
- We have clients outside of our home market
- We have begin developing an international expansion plan
When thinking about your HR department :
- We have a dedicated HR professional
- We have clear & documented onboarding processes
- Our internal documents & processes are available in English
- We have hired a full-time employee from another country
- We can support remote team members with the same level of communication and tools offered in our home office
When thinking about your Commercial Engine/Sales Team:
- Our sales process is clear, efficient and requires little improvement
- We have a structured sales funnel with visibility over conversion drivers & rates
- We have recurring international market sales
- We service/sell to multinational clients in our home market
When thinking about Business operations, finance & strategy functions:
- We have a clear mission, vision and ambition
- Our vision explicitly includes expanding internationally
- We have have a financial reporting tool in place and are able to actively track our key operating KPIs
- We have more than six months of runway
- We have a view on which markets we will expand to next and why
When thinking about your internal tools & processes:
- We have a defined and repeatable OKR process (or similar structure) that drives to our long term goals
- We have (paid) tools to manage our team & align efforts
- Our employees and teams are happy to use our tools & processes
- We automate as much of our workflows as possible
- Our employees would say that we have good cross-departmental and cross-team communication & collaboration
What is the budget you have devoted to your expansion?
- 200,000 USD or less
- 200,001 – 500,000 USD
- 500,001 – 750,000 USD
- 750,001 – 1,000,000 USD
- 1,000,000+ USD
How many people work at your organization?
- 1-5
- 6-10
- 11-25
- 26-50
- 51-100
- 101+
As a point of comparison for the final score, its helpful for you to develop your own first opinion of how ready for international expansion your organisation is. With that in mind, please rate your perception of your company’s “international expansion readiness” :
- from 1 (1 = Not ready at all)
- to 10 (10 = Ready to launch tomorrow)
What is your funding status?
- Bootstraped
- Preseed
- Seed
- Series A
- Series B
What country are you based in?
What is your industry?
