PracticeAccounting FirmsUK entrepreneurs shun overseas expansion

UK entrepreneurs shun overseas expansion

Business leaders at UK SMEs are focusing on domestic market in 2012, survey finds

ONLY ONE in three entrepreneurs is looking to expand overseas in 2012.

A survey by RSM Tenon of more than 300 entrepreneurs, chief executives and shareholders found that two-thirds of respondents are looking to grow their business by more than 10%. However, only 31% said expansion into new geographic markets would be a priority for 2012.

Of those looking overseas for growth, four out of five said they would look to do this in Europe, while a similar number would look to Asia.

“It’s disappointing that more UK entrepreneurs aren’t looking to develop their overseas markets,” said Philip Coleman, RSM Tenon head of international business development.

“Despite the on-going difficulties with the economy in Europe, I think that there are some really promising opportunities for UK companies at the moment. If entrepreneurs are prepared to look beyond the crisis and prepared to stay in for the long-term, then there could be some good rewards to be had.”

Related Articles

Better together: Accountants, advisers and business protection for SME clients

Accounting Firms Better together: Accountants, advisers and business protection for SME clients

9m Emma Smith, Managing Editor
Former Deloitte boss and HgCapital launch CogitalGroup

Accounting Firms Former Deloitte boss and HgCapital launch CogitalGroup

1y Richard Crump, Writer
Low cost accounting firms to be the next victim of Brexit?

Accounting Firms Low cost accounting firms to be the next victim of Brexit?

1y Editorial comment
KPMG agrees deal with debt crowdfunding platform InvestDen

Accounting Firms KPMG agrees deal with debt crowdfunding platform InvestDen

2y Richard Crump, Writer
KPMG ‘commits’ to alternative finance with MarketInvoice tie-up

Accounting Firms KPMG ‘commits’ to alternative finance with MarketInvoice tie-up

2y Calum Fuller, Reporter
Deloitte propels into SME market with £2.5m accounting services investment

Accounting Firms Deloitte propels into SME market with £2.5m accounting services investment

1y Fraser Simpson, Reporter
Financial carelessness is harming startup growth, finds KPMG

Accounting Firms Financial carelessness is harming startup growth, finds KPMG

2y Fraser Simpson, Reporter
Friday Afternoon Live: KPMG/Metro Bank + Big Four tech v audit

Accounting Firms Friday Afternoon Live: KPMG/Metro Bank + Big Four tech v audit

2y Kevin Reed, Writer