The Three Things Businesses Should Know Before Expanding Overseas

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The Three Things Businesses Should Know Before Expanding Overseas

The 3 Things Businesses Should Know Before Expanding Overseas By Sergio Sanchez, Clements Worldwide

The situation was quickly deteriorating, and dangerously so. It was early 2011, and the Libyan government started a harsh crackdown on street protests. With the violence rapidly spiraling out of control, thousands of foreigners were clamoring to get out. In the middle of this chaos were three international schools, which also happened to be our clients.

Rewind to three months earlier, to December, 2010 before the violence had started. We insisted on obtaining a visa to travel to Libya to meet with the school administrators and advise them on Political Risk Insurance and outline an evacuation plan. After much red tape, we obtained the visa, met our clients, and hammered out a plan.

Sure enough, everyone’s worst nightmare became a reality as Libya descended into civil war. We were shocked and relieved, however, to turn on CNN and see one of those American teachers we met describing her escape from Libya, working directly from the playbook we had written for her school.

Bonhoeffer Fund July 2022 Performance Update