To give SMEs an international expansion opportunity in China, Santander has sealed an agreement with ecommerce business JD.com.
A trip out to Florida for Adam Twidell, as part of ongoing business expansion there, preceded Hurricane Irma but got him closer to his company’s efforts in the US.
In the latest Barclays’ SME Hopes and Fears Index, exporting and international business growth opportunities were voted by businesses as the second most important influence on growth in 2017 at 30 per cent.
Paul Neeson, associate at investors Scottish Equity Partners, looks at the issue of business growth and explains what is required for scale-up success.
Britain has a rich history of producing strong consumer brands, but very few have had as much impact in such a short amount of time as crisps business Tyrrells.
Every business has the capability to export; it’s just a case of putting the right processes in place. However, SMEs often share concerns about the reliability of international shipments.
It may have slowed down, but China’s economy is still growing at three times the speed of the UK’s and there are still massive opportunities for outbound investment. Recent figures attribute a record-breaking $101bn worth of global deals to Chinese buyers in the first three months of 2016 alone.
London mayor Boris Johnson has opened a new scheme called the Mayor’s International Business Programme, which will support fast-growth SMEs in the capital that plan to scale overseas.
Online takeaway marketplace JUST EAT has revealed the strategies it is employing to facilitate further growth as a public company, including removing restaurants that were giving customers a bad experience and collaboration with Apple Pay.
As Walmart found through its ill-fated South Korean growth push, it really does pay to know just how an overseas market expects your business to behave.
Exporting is a good way to keep your business growing when the economy is depressed at home, but ensure you take the right steps to protect yourself.