5 Ways To Effectively Expand Your Retail Business

Every business needs growth but with growing competition, retail businesses are finding it extremely hard to expand their business presence.

Unique retail store welcome sign

Here are 5 ways through which retail businesses can effectively increase their business.

1. Leverage The Power of Online Marketplaces

An online marketplace is an ecommerce site where you can list your products and generate extra orders for your business. It is easy to list your products on popular marketplaces and you start to receive orders once you products are listed and they become popular. You need to pay a commission to the marketplace on every sale that you are able to generate.…

Continue reading

5 New Expenses For Small Businesses That Go Global

If you’re ready to expand your business into global markets, you need to keep certain considerations in mind to smoothly transition from local to international business. We’ve compiled the following list of five expenses you may incur while preparing your business for expansion.

Expenses incurred during business expansion process

Product Readiness

Packaging standards differ from country to country. Getting to know how each system works allows you to prepare for unexpected expenses around packaging and shipping.

Labeling is also a factor. International markets may require packaging to contain specific information, meet safety standards, or comply with regulations.

Researching markets carefully means avoiding expenses you weren’t prepared for.…

Continue reading

The Next Level: 4 Signs It’s Time to Expand Your Small Business

In the highly competitive world of small business, finding a way to carve out a niche in your industry is vital for success. According to recent studies, economic uncertainty is the main factor that prohibits small businesses from growing.

Business expansion meeting

If you are like most business owners, you have a number of ideas you want to put into practice. When the time comes to grow and expand your business, having a game plan in place is essential.

Generally, you will need to secure a business financing loan to fund this type of growth. Working with an experienced and reputable lender is the only way to ensure the loan you get is the right fit for your particular needs.…

Continue reading

How Translation Can Help You Achieve Greater Organic Traffic

When trade stops, war begins,” warned Jack Ma, the CEO of Alibaba at Davos 2018. This simple yet powerful statement serves as a reminder that your business needs to keep reaching customers. Ma went on to say that global selling is not just the birthright of big companies alone. Technology has effectively made the world so small that you can buy a product from Europe even if you are thousands of miles away in Australia.

Translation improves traffic

Selling on a global scale has become the norm rather than the exception, and in order to achieve success, you must have global reach.…

Continue reading

Three Areas to Expand If Your Business is Ready to Grow

The oft-cited statistic that 90% of startups fail has been attributed to various factors, from not being able to carve a niche in the marketplace to lacking a solid business model. However, in a 2017 article, Entrepreneur noted that most of the reasons that the remaining 10% succeed are related to attitude and flexibility within their staff.

Business team meeting for business growth planning

In a sense, if your startup is lucky enough to be included in that ten percent bracket, you’ve found success. However, finding a way to continue expanding your small business after its initial flush of prosperity is the crucial next step to ensure its longevity.…

Continue reading

Why Your business Should Really Consider Operating Internationally

You have worked tremendously hard to start-up your business and elevate it to a level where you have built up a loyal consumer base as well as gained enough capital to make your next substantial investment. Before you distribute this capital on operations domestically, consider your current position. Can you gain more consumers? Are there more competitors than ever before? Are your products and services consistently selling well? Are your business costs going to be sustainable enough for the near future?

International business team meeting

If the answers are unfavourable to more than three of these questions, then you should really consider expanding to an international market – here are the top reasons for doing so:

New Customers

By entering a new market abroad, you open your business up to new customers.…

Continue reading

How to Expand your Business into China

China is the world’s second largest economy, and is due to continue expanding, so it makes sense that businesses want to capitalise on the investment opportunities the country presents. With a population of over 1.3 billion, breaking into the Chinese market is attractive to almost every business, but there have been a number of famous companies that have tried, and failed, to expand in China.

This could be due to a lack of knowledge in how to localise and launch a business in China, or it could simply be because there simply isn’t a market for the company. According to the program director at Chinacelerator, a company which helps startups bridge the gap to the east Asian market, Oscar Ramos: “Ninety-nine per cent of companies who want to access China as a foreign company, shouldn’t.” He goes on to say that the remaining one per cent should think about what makes them better than any other company currently operating in China.…

Continue reading

Dream Big: How Small Businesses Become Global Players

In today’s vast world, small businesses are a bridge between the local and the global. They may employ far less employees than multinational corporations but that doesn’t mean that they don’t dream big – or that their potential and activities do not have equal reach.

Dream big

There is no escaping the reality that small businesses are nowadays global players: in June 2015, the US Small Business Administration reported that while US exports’ known value grew by 1.4% from 2012 to 2013, small business export value improved by 4.5%, led by firms with an employee base between 250 and 499 people. This means increased profit and opportunities, but also increased responsibilities for smaller scale enterprises.…

Continue reading

Expanding your Business: 3 Things to Consider

Many business owners hear the term expansion and assume that we are talking overseas, and yet expanding even within the same town carries many different duties with it. For a start, there is finding the right property and deciding what makes it a good space to expand to.

New office space

There are different factors which will affect what kind of property you might want to go into, such as its location and proximity to conveniences for staff. This makes the building seem more attractive to staff and can help with longevity.

Buy or rent

When it comes to finding industrial property, you will need to think hard about whether to buy or rent.…

Continue reading

Starting-up in Singapore? Here are the Available Company Registration Options

The biggest incentive attracting people to Singapore is how easy it is to get the ball rolling, and remarkably, this is largely down to the larger authorities.

They maintain a positive attitude toward people wanting to start new companies and often give them a helping hand. It’s one of the most advantageous places on the globe to begin fresh as you can expand through networking with people in South East Asia.

So, let’s take a look at what options are available!

Private Limited Companies

Starting up a PLC is a very straightforward pick. It’s the clear cut way for small or medium-sized businesses to begin.…

Continue reading