What are some of the unique problems that a small business might face in global expansion that larger firms would not?

Small businesses often face limited resources, making it challenging to navigate the complexities of global markets, such as compliance with international regulations and cultural differences. They may lack the financial capital to invest in extensive market research or establish a strong local presence. Additionally, smaller firms might struggle with brand recognition compared to larger competitors, making it difficult to gain customer trust in new regions. Finally, limited access to distribution networks and partnerships can hinder their ability to effectively scale operations abroad.