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News & Features betterbusiness Partnerships Critical for Global Growth Say 6 out of 10 SMEs

Partnerships Critical for Global Growth Say 6 out of 10 SMEs

Written by Entrepreneur Country on Thursday, 10 November 2011 11:32
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International business is a powerful driver for change - for individual companies, for whole sectors and for the wider economy. Not only can it make companies more innovative, productive and resilient, for many, it is the crucial difference between surviving and thriving. That's why the UK has put increasing exports at the heart of its growth strategy.
The UK has long punched above its weight for originality and ideas, creating a plethora of products - from the telephone, the toaster, the iPod and the world wide web. The UK's innovative work and expertise in pharmaceuticals, for example, means that countries across the board are seeking our solutions to match their capability.


With UK economic growth remaining stubbornly stagnant, UK small and medium size businesses are being increasingly encouraged to look global for exporting and trade opportunities. Ahead of the Born Global workshop, Entrepreneur Country surveyed 400 SMEs asking them what they perceived to be the biggest obstacle they needed to overcome in order to start exporting their goods and services.

The most common concern amongst SMEs was the need and complexity of establishing critical partnerships in foreign markets, with 6 out of 10 respondents saying this was their primary worry when deciding on whether to consider exporting. Logistical difficulties including physical operations, language and financial complexities scored consistently around the 10% mark.

With partnerships being critical, Entrepreneur Country is holding the 'Born Global' Workshop in London on the 17th November 2011 The event which will explore the ways entrepreneurs and innovators have grown their businesses by looking to export goods and services beyond Britain's borders.

The day's speaker line up includes:

Julie Meyer - Ariadne Capital

Lara Morgan - Company Shortcuts

Neal Gandhi - Quickstart Global

Paul Lindley - Ella's Kitchen

Rajesh Sharma - Smith & Williamson

'Born Global' builds on Britain's proud history as a leading trading nation coupled with its strong track record in exporting. The days speakers will reflect on the UK companies recognise the importance of becoming leaders in their field, not only at home but across the world. Not only that but companies outside the UK are increasingly looking to Britain to grow their business globally - attracted not only by the strength and stability of the UK market, but also by the recognition that it is a springboard to international growth.

Entrepreneur Country

Entrepreneur Country

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