Globalization creates many opportunities but also challenges for businesses today. While some challenges may be particular to a country or sector, there are many challenges that SMEs around the world have in common. Numerous barriers exist, so in order for SMEs to not only survive and grow, they must be armed with the correct tools and strategies to overcome these challenges and thrive. While there are some that the individual business cannot control (at least for now) that does not mean they should sit back and do nothing. A business that decides to understand the challenges and develop a program for finding solutions is a business that puts itself in a position to achieve success.