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.…

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

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.…

Continue reading

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.…

Continue reading

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.…

Continue reading

Reasons Why Small Businesses to Move to the UAE

If you have a small business, then you know that trying to go international is a tricky proposition. Let’s face it, it’s the stuff of much larger organizations. Or so you think. In fact, a number of small businesses are taking a look at the opportunities to expand into the UAE.

For one thing, the country is located at a strategic crossroad between east and west. Also, the leadership is pro-western and pro-business. In addition, it is becoming an important financial center. So much so that many are calling it the Silicon Valley of the Middle East.

The name is not without reason.…

Continue reading

Post-Brexit, is English Still The Language of The Global Business World?

There are a staggering 1.6 billion people who speak English as a second language. China for example, now has around 10 million fluent English speakers.

English as business language

It’s an official language of NATO, the UN and, for the time being at least, the EU. English, French and German are the three dominant languages of the EU, however once the UK leave, the only EU States where English is still considered a first language will be Ireland and Malta who collectively account for less than 1% of the EU’s population.

There are calls from across the channel to do away with English in the EU.…

Continue reading

Tapping Into Emerging Markets to Give your Business Start-up a Boost

Anyone starting a small business knows that being open to trading to the widest possible markets is an essential part of having an all-encompassing view of the future for the venture. With so many emerging markets around the world and the ability to reach out and connect with them online, it would be senseless for a new concern to constrict itself to more limited operations.

The idea of tapping into emerging markets might be something that a start-up should embrace, but how exactly should you go about doing it as a new entrepreneur?

International markets

There are a number of countries and regions around the world that have “come through the ranks” to take their place as important members of the global trading economy in recent years.…

Continue reading

3 Tips to Avoid Losing your Business’ Money on Foreign Exchange

Small business owners are ever more likely to be working with a variety of currencies as technology has allowed even the smallest of enterprises to trade on the global market. But most banks often charge hefty overheads for foreign exchange for business.

Currency exchange

Here’s our top 3 tips on how to avoid losing money on your company’s currency conversion.

Find a specialist multi-currency account

The overheads that banks charge for international business transfers have irritated many an SMB owner over the years. A natural progression from this has been a growing number of specialist multi-currency accounts.

These accounts aim to transfer and convert your currency at a fraction of the cost of the big banks.…

Continue reading

Expanding Your Small Business Abroad

In the past, only larger businesses could afford to target new markets overseas, but the internet has made this a valid option for small businesses too. It would be short sighted for a struggling small business owner to write off the possibility of expanding overseas.

Business communication with foreign clients

Just because you are having trouble in the domestic market, doesn’t mean you should shy away from foreign ones. World trade is pushing ever closer to a borderless global system and even the smallest business owners should consider which foreign markets they can move into.

Obviously this kind of expansion requires prior research. You need to find out where your product can be sold, in which countries there is a gap in the market and what the local competition looks like.…

Continue reading