People have always looked beyond their surroundings, looking to succeed in unfamiliar markets and expand their empires. While years ago, our ancestors were sailing into the unknown, we are now lucky enough to have a wealth of knowledge and access to technology which provides much better clarity to navigate.
With the right knowledge, advice and guidance, you can build and develop your company in the ever-growing international market. At RSM we recently conducted a survey of middle market businesses and of the 200 companies we spoke to, 70 per cent have taken the opportunity to expand overseas or are in the process of doing so. Just 14 per cent are not considering international expansion in the immediate future, due to political uncertainty and the current economic climate.
There are different risks associated with each international market, therefore knowledge is definitely power when navigating potential pitfalls and utilising opportunities along the way will help to make your business grow. The value of quality, tailored assistance and management is immeasurable, but wholly necessary to ensure your business continues to grow globally.
With global mobility becoming increasingly common, we have outlined key considerations and practical advice to help you ensure that your business prospers from global growth. However, as with all business endeavours, take time to research your options and plan thoroughly with experienced advisers.
It is essential to strengthen your knowledge of the markets before embarking on international operations for your business. Understanding the macro elements of international business will prepare and support you on your journey.
This section will give you an economic outlook from the experts who provide strategic leadership to our Knowledge Management operations and lead our Brexit advice for clients.
Understanding all of the possible issues you may face on your way to international expansion is the key to successful business.
Effective global compliance and governance are your essentials to ensuring your business is on track. In this section we will give you a detailed and tailored insight into the key considerations you need to sustain your company.
Staff are the most critical aspect of your business, and international growth depends on the mobilisation and incentivisation of these important parts of your business.
In this section we discuss major concerns employees may have and how to navigate these to give staff the support they need.