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For the past decade and a half the decision around outsourcing has been a relatively straightforward one: it allows companies to cut costs, to make better use of their resources and to focus on growth. Over the past 18 months, however, we have seen that the business landscape has changed and the old realities no [...]
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Expatriates in the city of Luanda, Angola, have the dubious honour of having the highest expenses for those living abroad, according to the Mercer Worldwide Cost of Living Survey 2010. In second place is Tokyo, Japan, followed by Ndjamena, Chad. Karachi in Pakistan is the least expensive city for an expat. The rankings took into [...]
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More than three-quarters of businesses with an offshore presence are looking to expand, with 44 percent of those looking to do it in the next 12 months, according to the latest results from the annual Global Readiness index (GRi) conducted by government credit agency Export Finance and Insurance Corporation. The index also showed that for [...]
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According to a survey conducted by serviced and virtual office specialists Servcorp, fewer Australian businesses expand globally compared to their international counterparts. The survey showed that less than 28 percent of Australian business leaders have taken the opportunity to expand abroad, well behind others from China, Hong Kong, Japan, New Zealand, Singapore, the UK and [...]
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Although best known for whiskey and golf courses, Scotland provides an excellent hub for Australian companies expanding to the UK or Europe. Located north of the English border, Scotland boasts a highly educated population, several thriving economic sectors, a long-standing culture of innovation and easy access to mainland Europe. Given the strong historic and cultural [...]
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Expanding your business overseas into new markets is one of the most exciting moments for small businesses and entrepreneurs. However, it is easy to get caught up in the excitement and opportunities and make some novice mistakes that could cost you big dollars and even affect the success of your business abroad. What’s included in your operation budget? Do your research, develop a checklist and you’ll find more affordable ways of going global.
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Whether you are establishing an office or a beachhead, it’s important to find out how to set up offshore operations and why. While it’s immensely satisfying to have a presence in your export markets, there’s a lot of research and hard work involved. Find out what’s required.
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