New Zealand has replaced the United Kingdom as the predicted third biggest export destination for Australian exporters in five years’ time, according to the 2012 DHL Export Barometer.
Franchise veteran Jim Cornish says the Middle East is a “fantastic” market for local franchisors looking to expand internationally, having recently launched his own franchise in Saudi Arabia.
Australian franchisors looking to expand internationally should not discount India as a viable market, an expert says, because the country’s franchising sector is growing at 35% per annum.
Australian franchises are being encouraged to consider less obvious markets such as Russia to expand into, after car-cleaning franchise Nanotek was named one of the country’s most popular franchises.
Family-run enterprises have long been the bedrock of Australia’s small business sector. The help, support and familiarity provided by relatives can prove invaluable, not only in the start-up phase, but also in the generational handover of a thriving business.
A new report reveals Australian exporters are increasing their internet usage in a bid to protect their businesses from the high dollar, while experts are encouraging start-ups to rethink their target markets.
The Federal Government is relying on its upcoming Women in Global Business program to boost the number of female Australian exporters, with research revealing that figure is declining.
Australian businesses can help to close the cultural divide with Chinese companies by sending their “A-team” to China to develop effective working relationships, according to industry experts.
Japan is bracing itself for a nuclear meltdown after another explosion occurred at a nuclear power plant, triggered by the worst earthquake in the country’s history.