Expanding your business internationally can open new opportunities, drive revenue and strengthen your market position. But how do you know if you’re truly ready for it?
Our Expansion Readiness Quiz helps business leaders assess their level of preparedness. By answering a few key questions, you’ll gain insights into your company’s strengths, potential gaps and next steps in your expansion journey.
Once you complete the quiz, your results will be automatically calculated, giving you a clear picture of where you stand. Whether you’re ready to expand or still in the early planning stages, understanding your position is the first step in making informed decisions.
If you’re looking for expert guidance along the way, our team can connect you with expansion resources and support in Waterloo, Ontario – just reach out.
Let’s get started.
Expansion Readiness Quiz
Answer the following questions based on your current situation. Once you’ve answered all 10 questions, press ‘Submit’ to reveal your score.
1. What is the current size of your company?
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2. Are you running out of demand in your current market?
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3. Are high operating costs in your current location limiting your growth?
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4. Is finding the right talent a challenge in your local market?
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5. How quickly does your company need to scale its operations?
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6. What would motivate you to expand to a new market?
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7. How does your company prioritize innovation?
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8. What feature matters most in an expansion location?
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9. How prepared are you for the logistics of expansion?
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10. What’s your budget readiness for expansion?
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Some questions remain unanswered
You're ready for expansion
Your business is well-positioned for international growth. You have strong operational capabilities, a clear strategy and the financial resources to enter new markets successfully. Now could be the time to take action and move forward with expansion.
How you can get started:
- Identify potential markets and assess site selection options.
- Build connections with local partners and economic development organizations.
- Ensure your financial and operational plan aligns with your expansion timeline.
- Explore government incentives and funding opportunities to support your expansion.
Ready to take the next step? Schedule a free consultation with our team to start planning your expansion.
Expansion is worth exploring
You’re on the right track! Your business has a solid foundation, but there are key areas to strengthen before making the leap. Addressing financial planning, logistics and operational scalability will be critical to ensuring a smooth expansion.
What to focus on next:
- Conduct deeper market research to refine your target locations.
- Evaluate your logistics and financial preparedness to handle growth.
- Identify operational gaps that could slow down expansion.
- Connect with industry experts or advisors to gain insights on expansion strategy.
Want to see what’s possible? Chat with a market development manager to discuss your expansion goals.
Expansion could be in your future
You may not be ready to expand just yet, but that doesn’t mean you shouldn’t start planning for where your business could go. Strengthening your financial position and operational structure now will set you up for long-term success.
How to prepare for expansion:
- Review your current business model and long-term growth strategy to identify gaps.
- Strengthen internal processes to improve scalability.
- Assess your budget and operational resources to ensure readiness.
- Stay informed on industry trends and emerging market opportunities.
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