Thanks to ever improving technology, businesses are no longer defined in political or geographic terms – the value of their products or services can be broadcast far and wide, so whichever part of the supply chain your business may be, expanding your market must be a good thing.
Doing business across borders has never been easier, but data suggests that many businesses who could find a place in the global market have not yet done so. With Brexit rushing up, the time to put in the effort is now – so here are some hints around spreading your business’ wings!
If you want to think about expanding your business reach to overseas markets, you need to think about a global strategy and consider the following:
Import and export regulations
Joint ventures and partnerships
There is a lot of help out there although sometimes it’s hard to find the sign-posting. Talk to your bank and consider engaging with organisations such as UK Export Finance (UKEF). Trade associations and Chambers of Commerce can also help.
Be sure your strategy is being driven by people who truly understand the markets you wish to reach; experts in the country in question are the best option, which is why we value MHA’s membership of Baker Tilly International.
Baker Tilly International
Through Baker Tilly International, MHA is able to provide clients with accounting, assurance, tax and specialist business advice from across the world, drawing on internationally recognised industry and service line experts in over 140 countries. Their local knowledge and networks can smooth the way and connect you with likely agents and partners.
Baker Tilly International is among the fastest-growing accountancy networks. It ranks in the top ten worldwide and was named Network of the Year by the International Accounting Bulletin in 2016. With access to 27,000 professionals in more than 100 territories worldwide, we have the global reach and local expertise to translate your ambitions into new markets.
If you’re thinking of expanding your business overseas, get in touch with MHA Carpenter Box on 01903 234094 to discuss how we can help.