Also in the news...
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
Essential Steps When Moving Business Goods Across Borders
Shipping goods between countries brings up several obstacles for businesses. Customs rules and paperwork can differ significantly depending on the destination and the nature of the goods being shipped. Customs systems and documentation requirements vary across regions, making it necessary for companies to stay informed.
Sell to the world and grow your business
Compare international markets, create your export action plan and join the UK Export Academy for free training.
Maps of East Midlands Investment Zone tax sites
Find the Investment Zone tax sites within East Midlands Investment Zone.
Thinking Of Expanding Your Business Into New Territories?
Today sees the launch of a new report from The Economist Intelligence Unit, sponsored by TMF Group.
"Corporate overseas expansion: opportunities and barriers" examines the motivations and practical challenges faced by over 150 global businesses when they set up operations in a new geographic territory.
Depending on your location, your routes and reasons for expansion could also be very different. What issues are you likely to encounter?
Top 5 challenges faced by businesses when expanding:
1. Understanding and adapting to socio economic circumstances in target market
2. Exchange rate volatility
3. Data protection and privacy laws
4. Security and personal safety of staff
5. Local employment customs, practices and laws
Europe
Three in four European companies cite opening new markets for their products and services as the key driver in international expansion.
Asia Pacific
Businesses in Asia Pacific prioritise finding new sources of capital.
North America
US firms are heavily reliant on Chambers of Commerce, with over half seeking assistance in both their home and destination market.