The digital world has no borders. Is your small business ready to expand?

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In today’s increasingly digital world, small businesses have the tools and solutions they need to not only survive but also thrive.

FedEx Express is one of the world's largest express transportation companies, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed up the delivery of time-sensitive shipments, by a definite time and date.Small and medium businesses are the backbone of economies worldwide.

Conduct surveys and gather feedback to better gauge this interest and sentiment in the new market. Understanding why customers are drawn to your products or services will help you to localise your messaging effectively. Additionally, invest time in researching cultural nuances to ensure your approach connects strongly with the target audience.As with many things in life, timing plays a crucial role in the success of any expansion plan.

For instance, businesses that pivoted to offer contactless services in response to changing consumer behaviours have thrived. If your business can meet similar needs in a new market, it may be the right expansion opportunity to tap into.Complying with regulations in a new market is essential for long-term success. It pays to familiarise yourself with permit requirements, tax structures, customs regulations and other regulatory considerations to ensure compliance.

Business success is the result of adequate planning and strategic execution. As you prepare to take your business global, asking yourselfBy signing up, I am agreeing to receive communications from Singapore Business Review and FedEx in accordance with Singapore Business Review's and partner's privacy policy. I understand that I can opt-out at any time.

 

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