Britain is leading the way in producing ‘digitally native’ startups that are growing and expanding at a larger rate than their European counterparts. But Brexit may stall this progress through lack of exporting support and other regulations.
For many software businesses, international expansion is a crucial route for sustaining growth. Reaching new customers and broadening talent pools are good reasons to pursue a global strategy ? and the time has never been better to do so.
A digitally enabled global market, better access to funding and increased support for entrepreneurs is good news for growing businesses. But the reality of expanding to new places can also be littered with hidden challenges.
Klaus Nyengaard, former CEO at Just Eat, has backed local marketplace StarOfService with a “decent six-figure sum” to support the company’s global growth ambitions.
With growth on its mind, international payments firm World First hired its first CFO, appointing an ICAEW mentor to assist the company in its expansion. As such, we talked to Alexander Filshie about avoiding the common pitfalls in the pursuit to growth, as well as what changes CFOs now face.
Having first co-founded The Honest Company in 2012 alongside three others, American actress Jessica Alba has overseen fundraising rounds worth $222m – with the latest bringing in $100m.
With the tenth largest deal during the first three months of 2015 totalling £17m, the period was a particularly active one for technology firms growing through venture capital investments.
As all but the luckiest or most deluded entrepreneurs will tell you, launching a new business is an extraordinary challenge.
British SMEs can thrive on the global stage, but they need to modernise their systems first.