Also in the news...
Paul Beare Wins IR Global Member Of The Year
Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.
The Biggest Problem With Running A UK Payroll
We explore the biggest problem with running a UK payroll, together with the required functions of payroll calculations and net salary.
Taking It For Granted: How The UK Government Helps Growing Firms
In the UK, a number of government agencies offer a range of grants to help smaller firms to grow and prosper. The grants are typically designed to support innovation, encourage job creation, and underpin growth. In the last few years, a number of new initiatives have emerged, including grants aimed at boosting green technology and digital transformation.
Start-ups Wasting Over 2 Weeks And £37 Billion A Year On Admin
UK start-ups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.
The Costs For International Businesses Employing In The UK
In an ever-globalising business landscape, expanding operations to the United Kingdom can be a strategic move for international companies seeking new opportunities.
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.