Britain is leading the way in producing ‘digitally native’ startups that are growing and expanding at a larger rate than their European counterparts. But Brexit may stall this progress through lack of exporting support and other regulations.
By Staff writer
For many software businesses, international expansion is a crucial route for sustaining growth. Reaching new customers and broadening talent pools are good reasons to pursue a global strategy and the time has never been better to do so.
A digitally enabled global market, better access to funding and increased support for entrepreneurs is good news for growing businesses. But the reality of expanding to new places can also be littered with hidden challenges.
Klaus Nyengaard, former CEO at Just Eat, has backed local marketplace StarOfService with a “decent six-figure sum” to support the company’s global growth ambitions.
With growth on its mind, international payments firm World First hired its first CFO, appointing an ICAEW mentor to assist the company in its expansion. As such, we talked to Alexander Filshie about avoiding the common pitfalls in the pursuit to growth, as well as what changes CFOs now face.
