SMEs play an integral role in the global economy, stimulating employment, productivity and competitiveness in emerging and developed markets alike. We understand that business expansion is a big step for SMEs; you will need adequate resources in terms of money and labour, and confidence. It is important to be able to predict and manage the risks well.
Exports are an exciting part of business; they show there is a demand for your products or services overseas and can drive your expansion. We understand that those businesses are not always confident about exporting, and that is why they would like to know how to manage the associated risks. Working with new countries, mean dealing with new cultures, rules and regulations to follow but they also offer the opportunity to access new markets and customers.
Hence, we would like to go over three main tips and best practices to help protect your exports while focusing on expansion. Our main tips today cover:
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