So you want to do business
in the U.K.?
Doing business in an overseas territory is never easy.
However, the U.K. is a dynamic market economy with
tremendous opportunities. Acting as a bridgehead between Europe and English
speaking parts of the world, it is a great stepping stone for moving into or
out of the European market.
Get it right, and the opportunities are endless. This is
where we at Into UK Business Advisors can help. We have a wealth of
experience that can help you get where you want to go.
Whether you are looking to sell into or distribute, set up
in or already have a presence in the UK that you would like to enhance, we
are the businessmen and women that can help you. And if you have a real
speciality, we have instant access to a network of over 2,000 other UK based
businessmen and women through the Institute for Independent Business.
In considering whether you want to move forward, we
thoroughly recommend that you carefully consider the following 6 items to
ensure that you are prepared for this exciting venture:-
-
Profitability and
track record of business and service/product: - it is difficult to expand internationally if you
are struggling to deliver in your home market. There are some
exceptions, for example where barriers exist in your home market that do
not exist elsewhere.
-
Availability of
sufficient funding:
- overseas expansion
requires investment of some sort and you need to have considered how
much you are willing to spend to make this work.
-
What resources and
over what period of time are you willing to commit to overseas
expansion?
A lot of patience is required and to make it work, you need to have
considered how much effort you want you and your business to put in
without risking or taking the eye off your core business.
-
Good marketing
documentation and website:
- if this is not in
place, it will be extremely difficult to attain credibility overseas.
-
Must have backing from
the top: -
it maybe that you are the person at the top, which is great. For those
businesses with a management structure, it is important that your move
into the UK market is supported by the people at the top of the
business.
-
It will take time and
effort on your part:
- consistency and persistency will be required to carry this through- a
juggernaut that keeps rolling is a hard one to stop.
So, if you have all your ducks in a row and are still up for
it - contact us by email at
grow@iuba.co.uk or call us on +44 870 420 5921 we
look forward to hearing from you.