There are certainly a number of benefits when you decide to go overseas in your quest to give your property appraisal business a new thrust. You will be able to grab a pie of the international property valuation business which could run into trillions or dollars. While getting a foothold in established and well developed real estate markets like Europe and USA might be difficult, there are a number of opportunities waiting to be tapped in emerging economies like Russia, India, Brazil and South Africa.
Apart from being able to garner a portion of the local property valuation business, you could also think of outsourcing some of your tasks and processes that you are currently doing in Australia to other labor intensive and labor efficient countries like India. The cost of labor in these countries is much lower compared to that of our country. By outsourcing a few such processes you will be able to become more competitive and productive over a period of time. However, such outsourcing should be done only with the concurrence of the local authorities and it should not hurt the job opportunities of local Australians.
Further when you are planning to move to other countries to start a real estate valuation business, you must keep in mind several important factors. First and foremost you must be aware of the local rules and regulations governing foreign companies doing business in their soil. Further, you must be very thorough about the local rules pertaining to property valuation and never should take anything for granted. It is always better to start the business with a local entrepreneur and in fact the rules in most of these countries stipulated the need for such joint collaboration. You should be willing to learn fast the culture and way of life of the local people here if you are keen to do business on a long term basis. It would always be better to run the entire setup with local employees and you could play the role of an overseer so that you could ensure that everything runs smoothly over a period of time.