We can help you expand globally by providing services that mitigate business risks and bringing peace mind to your employees
58% of small US business already have international customers. In 2017, 72% planned to grow their international base as well. We find solutions that enable your business to provide employee benefit programs while addressing international challenges. With a global market reach you want to ensure your employees are covered wherever they are in the world.
We can help you expand globally by providing services that mitigate business risks and bringing peace mind to your employees
58% of small US business already have international customers. In 2017, 72% planned to grow their international base as well. We find solutions that enable your business to provide employee benefit programs while addressing international challenges. With a global market reach you want to ensure your employees are covered wherever they are in the world.
Proudly serving the most forward-thinking, employee-focused companies.
If you ask our clients why they chose CORE, you’ll discover that our passion for service is what sets us apart.
Proudly serving the most forward-thinking, employee-focused companies.
Bill Huang and his awesome account management team at Core Insurance Services has provided our company with cost saving healthcare service plans, professional guidance, and 24-7 personalized customer support for over the past 16 years.
Becky, MSI
We have been with Core Insurance Services for more than 10 years, I really enjoy the service and support. Bill and Josephine always answer our questions right away. We are looking forward to continuing our work together.
Shirley, Microlandusa
Core Insurance Services has handled our group health plans for several years. They always take care of our insurance needs and provide immediate assistance. I’d highly recommend Mr. Huang and his team to your future insurance agency.
Karen, PixArt Imaging (USA) Inc.
Challenges to consider when expanding into international markets
Are you prepared to take on the challenges of international cross-cultural learning and the potential impacts on your company’s employees?
Language
English may be the world’s commerce language however, just because you speak the language cultural differences are relevant. Body language vary wildly throughout countries that might share the same language. A “thumbs-up” could be positive or an insult.
Culture
Interactions are different around the world. For example in Northern Europe, the people are much more direct in a business context. In Southern Europe, you are expected to chit-chat and engage in socializing before attempting a business transaction.
Red Tape
Packaging standards, product specification, food ingredients, nutritional labeling, labor requirements can differ significantly by country. Before you begin it’s crucial to be comfortable with differences and how they will affect your overall profit margin.
Local Competition
Locals in many countries are hesitant buy a product or use services from outsiders. Develop local relationships to overcome this barrier. Maybe even find a local distributor or partner rather than trying to go it alone in where you are the foreigner.
Physical Distance
Travel costs can be significant. Understand how those costs of moving people and goods will impact your numbers. Can you run your business remotely or do you need to have a team on the ground locally?
Political Risks
Politically unstable places can be extremely dangerous but also understand how much the local government control what you do and own. Also be aware of pending legislation in various countries before you decide to jump into a new market.
Business & Marketing Differences
Some countries transact quickly; others move at a snail’s pace. Time considerations in moving product and attaining goals must be calculated based on the speed of business wherever you expand. Understand the buying process and don’t immediately assume your product or service is wanted.
Payment & Currency Rates
Currency rates fluctuate hourly. A small change in rate can wipe out a day’s profits. Understand the volatility of the currency where you want to set up shop. Know also the payment systems the company uses and are common in the area. You may even want to explore using a neutral crypto-currency as well.
Challenges to consider when expanding into international markets
Are you prepared to take on the challenges of international cross-cultural learning and the potential impacts on your company’s employees?
Language
English may be the world’s commerce language however, just because you speak the language cultural differences are relevant. Body language vary wildly throughout countries that might share the same language. A “thumbs-up” could be positive or an insult.
Culture
Interactions are different around the world. For example in Northern Europe, the people are much more direct in a business context. In Southern Europe, you are expected to chit-chat and engage in socializing before attempting a business transaction.
Red Tape
Packaging standards, product specification, food ingredients, nutritional labeling, labor requirements can differ significantly by country. Before you begin it’s crucial to be comfortable with differences and how they will affect your overall profit margin.
Local Competition
Locals in many countries are hesitant buy a product or use services from outsiders. Develop local relationships to overcome this barrier. Maybe even find a local distributor or partner rather than trying to go it alone in where you are the foreigner.
Physical Distance
Travel costs can be significant. Understand how those costs of moving people and goods will impact your numbers. Can you run your business remotely or do you need to have a team on the ground locally?
Political Risks
Politically unstable places can be extremely dangerous but also understand how much the local government control what you do and own. Also be aware of pending legislation in various countries before you decide to jump into a new market.
Business & Marketing Differences
Some countries transact quickly; others move at a snail’s pace. Time considerations in moving product and attaining goals must be calculated based on the speed of business wherever you expand. Understand the buying process and don’t immediately assume your product or service is wanted.
Payment & Currency Rates
Currency rates fluctuate hourly. A small change in rate can wipe out a day’s profits. Understand the volatility of the currency where you want to set up shop. Know also the payment systems the company uses and are common in the area. You may even want to explore using a neutral crypto-currency as well.