global economy

3 Major Challenges for Businesses Going Global (and How to Overcome Them)

3 Major Challenges for Businesses Going Global (and How to Overcome Them)

If you’ve seen a measure of success locally, it might be time you consider taking your small business further. Operating internationally is exciting and provides countless new opportunities. Going global gives you access to faster growth, diversification, and a much wider customer base. But going global comes with many challenges, some of which might offset the gain. You need to know if your company is ready to face those challenges, and how to overcome them when you do. Is your small business ready to go global? Deciding whether your small business is ready to go global will take a lot of insight into both your business and the international markets. The following questions can serve as a guideline in making your decision. Have I built a solid foundation at home? If your answer to t... »

Global Economy Running out of Steam, say Accountants

Fundamental weakness of the recovery “plain for all to see” as downside risks recede and governments withdraw support. The global economic recovery has run out of steam, reveals ACCA‘s (the Association of Chartered Certified Accountants) latest Global Economic Conditions survey, with confidence taking a hit and a return to solid economic growth moving further away. This is despite important improvements in conditions on the ground across most of ACCA’s risk indicators – especially the outlook for employment and investment – and even modest gains in the popularity of government actions to deal with economic turbulence. Helen Brand, chief executive of ACCA, says: “These are sobering findings from our global network of members. It is good news that fewer businesses are making staff redu... »