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  • Easy things to forget when expanding overseas

    One of the primary methods for any growing business to capitalise on the success it may be enjoying is to look at expanding into a new market. For those that are thriving in their domestic scene, expanding abroad will likely be the next step. There are many guides out there of how to best go about doing this, which include advice such as budgeting for expansion, making local contacts and more. There are other important aspects which, if forgotten about, can prove disastrous. Legal barriers Working in a foreign country means that your business will have to abide by its laws. These will probably...

  • Advice for startups that ship large quantities of products

    If you are starting a new business that will be shipping lots of products either domestically or internationally then you need to make sure you have the capabilities and resources to be able to send your products to your customers.  Know the risks Over 50% of startups fail within the first year so you need to make sure you know the market you are going into, and that there is a demand for another competitor in this market. There are big risks when going it alone and starting a new business, but with that comes great reward if you can get it...

  • Investing in stock vs. CFD Trading

    These days it seems that more and more people are trading or investing, either as a secondary source of income or on a professional level. This might be something that interests you and if it is, it’s a good idea to understand the ins and outs of the investment world before you get involved. Specifically, it could be worth looking at two of the major forms of trading, contracts for difference (CFD) and stock investment. We’ll start by examining the more traditional form of investment. Investing in stock Stock investment is all about trading in shares, which are the basic unit of...

  • The importance of auditors for businesses that are looking to grow

    Arguably, we've never lived in stranger or more conflicted times. On the one hand, it has never been easier to launch a new business venture or bring a product to market. This is reflected by small business statistics in the UK, with the number of active SMEs in the private sector having increased by 197 000 to a record 5.7-million at the beginning of last year. Despite this, an estimated 96% of all businesses still fail during their first 10 years of trading, as firms continue to do battle with a volatile and strained economic climate. Sure, this figure may be slightly...

  • Preparing your startup for international expansion

    While people often try to apply generic rules to all startup ventures, the fact remains that these entities are not created equal. So, although it's usually sound advice to suggest that entrepreneurs strive to establish their brand locally before expanding overseas, there are instances when this is arguably counterproductive. After all, it's not unknown for firms to offer products or services that have a more defined target audience overseas, while your startup may also benefit from first-hand knowledge of international expertise. If you are going to expand your business overseas, however, you'll need to ensure that you're fully prepared. Here are some...

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