small business exporting

£1 Trillion Government Export Target Won’t Be Reached

£1 Trillion Government Export Target Won’t Be Reached

The government’s target of having an export industry worth £1 trillion by 2020 looks unlikely to be reached, as 96% of all non-exporting businesses have no plan to sell overseas in 2017 – according to research by ICAEW. Despite an extensive advertising campaign, it’s revealed that just 53% of all UK small businesses currently export, the same number recorded in 2014 – with just 1% of enterprises exporting for the first time this year. Just 25% of businesses that sell abroad are planning to enter new markets in the next 12 months, down from 33% two years ago. When quizzed about why they decided not to take the jump into the world market, 41% of small businesses have replied that they had a sufficient customer base in the UK The US and Europe are the main destinations of selling for 30... »

How Online Export Markets Can Fuel Business Growth

How Online Export Markets Can Fuel Business Growth

Imagine a way of earning more from your customers without sending them a bigger bill. Or generating more profit from your products and services without improving your team’s productivity or performance. What about looking like better value to buyers without a hint of discounting or changing a word of your marketing campaign? Does this all sound too good to be true? Welcome to the world of exporting The plummeting pound in recent weeks has given British companies trading overseas an unexpected boost. All the economics textbooks will tell you that overseas buyers looking for a good deal are now getting more pounds for their dollars, Euros, or even pesos today than this time last year. As a result, British goods and services suddenly look like great value compared to like-for-like goods and s... »

Small Businesses Ready to Take On The World, As Export Activity Doubles

Small Businesses Ready to Take On The World, As Export Activity Doubles

The number of UK small businesses investing in exporting has almost doubled in the past year, suggesting many remain unfazed by Brexit – according to a report by Bibby Financial Services (BFS). The SME Confidence Tracker, which tracks the sales performance, investment intentions and confidence of small enterprises, revealed that 15% of respondents invested in export activity in Q3 2016, compared to just 8% in Q3 2015. 22% manufacturers said they have also invested in overseas trade over the past three months, up from just 15% in Q2 2016, suggesting smaller businesses are on the hunt for growth beyond the domestic market. On the topic of the UK’s decision to leave the European Union, 37% of those surveyed said June’s historic referendum decision has not impacted their business in anyw... »