Posts Tagged ‘international’

Top six tips for avoiding the pitfalls of trading abroad

Posted on: July 23rd, 2013 by Leighton Reed No Comments
Leighton Reed, Director, MHA Broomfield Alexander

Leighton Reed, Director, MHA Broomfield Alexander

The export market can be highly profitable for businesses – but there are pitfalls for first-time exporters. Here are some tips on how they can be avoided.

1. Carry out thorough research to identify prospective markets – but beware of spreading your resources too thinly. Decide on a single country that best suits your business and take one market at a time.

2. Managing cashflow is especially important for exporters. Lengthy transit times and extended credit terms can pressurise your finances. Ask your bank about letters of credit and invoice finance, which generates immediate funding through your sales ledger.

3. Failing to address legal and compliance issues can result in major costs and lost trading opportunities. Speak to a commercial law firm about how best to handle import restrictions, regulatory issues and sales contracts.

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Doing business around the world

Posted on: August 1st, 2012 by MarkJones No Comments

Doing business around the world presents a variety of challenges.

Morison International (MI), the association of independent accounting and consulting firms to which MHA Broomfield Alexander belongs, publishes a series of guides designed to provide an introduction to foreign investors on the various aspects of doing business.

The guides are written by the MI member firm in the country that is being profiled.

Please click below to access the guides for China, Australia, India, Singapore and Romania.

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