POSTS TAGGED : international business

9 Tips for Expanding Your Business Internationally

Do you ever think about going international with your business? Small entrepreneurs view foreign countries as an opportunity. Risks can be diversified, more sales can be achieved, and other cultures and markets can be reached by going global. If you are considering international expansion, please read on.

International business

photo credit: Porapak Apichodilok / Pexels

However, globalization is not simply an export market but understanding the diverse market. Through such expansion, you can develop resilience during tough times and gain international recognition for the company. Hence, if you are thinking of growing your small business beyond your town, this article is meant for you.…

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6 Critical Challenges Faced By Businesses in Singapore

Did you know that there are 323,697 local and foreign companies operating in Singapore? Many of these companies must have crossed so many hurdles to support their business. Though Singapore’s government provides many financial aids for businesses, it’s still challenging to be one of the few businesses that access government subsidies. What should a business person do in such cases?

Businessman in Singapore

Every business owner would agree that raising funds is one of the most challenging parts of running a business. That’s why many of them raise funds from a licensed money lender Singapore to support their business. Apart from raising funds, there are some other difficulties enterprises face.…

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Amazing Places to Live in Germany and The Industries That Thrive There

Home to an estimated 250,000 expatriates, Germany is an option for entrepreneurs and professionals looking to build their careers, with expats making up around 0.3% of the population. And for good reason.

Berlin, Germany

Berlin, Germany – photo credit: anna-m. w. / Pexels

The country offers a good standard of living with significantly higher wages than other European countries, like the UK, and the opportunity for new businesses to thrive. The start-up culture throughout German cities is perfect for the longevity of a range of industries, while still offering a generous work-life balance for all.

Choose Berlin for creative & hospitality industries

Berlin creative scene

Grafitti in Berlin, Germany – photo credit: Xu Chen / Pexels.…

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How Does International Payment Processing Work

As your business grows and evolves, you may want to start to learn more about international payment processing – it’s easy to assume that it’s just as simple as changing your prices for an international audience. However, international payment processing requires a little more than that, and here are some of the things you need to know.

International payment processing

Multi-currency pricing

It can be really frustrating if you find yourself on a store’s website, only to find that every product on there is in one currency when you really want to know how much it will cost in your currency. It can really put you off wanting to purchase from that site, and your customers will likely feel the same.…

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Moving to Mexico For Business? Here’s What You Should Know

Mexico is renowned for its rich culture, delicious food, legendary music, and deep historical roots. However, Mexico is also making a name for itself in the world of business.

Mexico City, Mexico

photo credit: Carlos Aranda / Unsplash

Now more than ever, Mexico is finding its place on the list of global competitors and its economy is quickly growing to become one of the most powerful in Latin America. So much so, that PWC published a study predicting that, due to the strength of its emerging market, Mexico will become the world’s seventh most powerful economy by 2050.

Given that Mexico is an emerging economy, there are many entrepreneurial opportunities to build strong partnerships and establish a presence in the national market.…

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International Business Trends to Look Out for Throughout 2018

It is very important for businesses to adapt to their market, but also to update their technology and business operations according to what the competitors are doing. Indeed, most industries are in such competitive environments nowadays that not keeping up with the current technologies, trends and innovative business models might put you out of business.

International business talk

New tools, apps, platforms and other kind of technologies allowing businesses to improve on their day-to-day operations by advertising more efficiently or saving more money for instance are created almost everyday, and keeping up with all of them might be a little challenging, however, knowing what will become popular on the market remain important if you would like to stay ahead of your competitors.…

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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.…

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Five Ways to Break Into The International Digital Business Market

Digital marketing is the way to go for most modern companies. When you take a look at recent trends in the international digital business market today, it is clear to see that lots of growth is expected. Consequently, this means more money for stakeholders. Hence, there is no surprise to see why companies are trying to outdo their rivals in claiming large shares of the online customer base.

International market expansion

The trend is good news to professionals who are looking into trying their hand in digital marketing. Furthermore, it is a promising industry since most organisations usually outsource professional IT services instead of hiring permanent employees for the same.…

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Insights for Small Businesses with Exposure to Foreign Exchange Risks

Small businesses seeking to grow their bottom lines often have to look for opportunities beyond their immediate markets. Many small businesses looking for growth often forge strategic alliances for international exposure. Some small businesses find suppliers in foreign markets in order to create a competitive advantage. Other small businesses hire professionals in foreign countries or market their products and services to buyers in other countries.

Foreign exchange risks

Interestingly, when it is time to create financial accounts, many business owners with international exposure are surprised that their top and bottom lines are not impressive. A small business with foreign exposure can still lose money despite the fact that they have excellent products, sold at decent margins, and with good marketing strategy in place.…

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10 Things To Remember When Expanding Your Business Globally

Expanding your business into overseas markets may be a long-cherished dream of yours, but when doing so, you shouldn’t presume that your success at home will automatically translate into success elsewhere.

Global expansion

Follow these 10 tips to ensure that you do well in new markets.

1. Ensure stability back home

You should ensure that your business is already thriving in its current market, before going to the effort of targeting overseas business. Expanding a business is a time-consuming and sometimes risky undertaking, so you need to be sure that the business has first established the strongest possible foundations in its original territory.…

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