There is no doubt, that targeting new markets and expanding internationally will put demands on you and your business. However, it is worth taking the time to research the market thoroughly and not just jump in because a new market looks attractive on the surface.
Entering foreign markets can be expensive and time consuming and can present legal and cultural challenges. If you don’t do the right due diligence and planning before launching, you could spend time and money for little reward. But get it right and the opportunities open to you and your business could be endless.
There is a huge amount of support out there for business owners looking to enter new overseas markets and do business abroad. Help can be sought from places like the UK Government, CBI, British Chambers of Commerce (such as the Joint British Arab Chamber of Commerce), banks and accountants such as Barnes Roffe who have access to international networks of known specialists across the globe.
