In response to a question of exactly what type of business he’d start if he had limited-to-zero funds, the iconic billionaire Sir Richard Branson didn’t hesitate to proclaim that he’d start a web-based business. Of all the pieces of advice billionaires who are careful not to give away trade secrets could have given, going the route of starting a web-based business is perhaps the best any budding entrepreneur or business owner could ever ask for and truly take to heart. For all the obvious reasons one could explore thereof, there are number of not-so-obvious reasons which make for a set of very powerful lessons in business, and we explore them here through the eyes of Worldcore – a global payout solution at the heart of the various industries which thrive on these powerful business practices.
A web-based business is perhaps the ultimate epitome of doing business beyond political and geographic borders because you could be soundly asleep in your comfortable bed while a client of yours completes a purchase of your product or service, from a different time zone. Globalisation isn’t limited to web-based businesses however, although a web-based business is perhaps the easiest type of business to globalise. As a result of the likes of Worldcore, in conjunction with dedicated logistics service providers and all the associated services such as in-transit goods insurance, pretty much any business can go beyond its resident borders to serve a global clientele. Even the biggest and heaviest of industries can very easily go global, made possible by payment solutions such as Worldcore and cloud-based collaborative technology which allows workers and management to collaborate on a project as if they’re all in one place, while they’re oceans apart.
Financial Services Integration
Since our focus is indeed on Worldcore’s role in the modern-day global business structure, a closer look at this global payments solution’s pioneering offering reveals just why this is the best time to take one’s business global, if not at the very least start your own web-based business as a way in. For a very long time now there have been multiple ways of sending and receiving money across borders, many of which are truly convenient in that they allow businesses to operate their finances globally. Money could effectively be sent to a global business’ entire payroll, no matter where in the world they’re located, while at the same time that very same business could pay their suppliers and receive payments from their clients. The only problem however has been the integration of these financial processes in that different methods had to be used as a result of the need to comply with the rather limiting protocols surrounding cross-border payments.
If you perhaps wanted to pay your overseas staff in the same way you wanted to pay your local staff for instance, the money would inevitably have to flow in different ways, perhaps through different financial institutions, with those various currency paths incurring different fees. That’s no longer the case with Worldcore’s global payments service however, undoubtedly playing a huge role in making it even easier to do business globally through a more streamlined management of global finances.