BIP Features »

| Comments Off

The search has begun for an inspirational Principal and Managing Director to lead the new WMG Academy for Young Engineers.
The WMG Academy, a business-led and business-like University Technical College for 14-19-year olds, is due to …

Read the full story »
BIP business guides & tools

Please register/login to access content

BIP Entrepreneurs

The West Midlands - up and coming entrepreneur‘s

BIP Features

West Midlands business highlights, opportunites and networking

Bips and Pieces

All the best from the web handpicked out by our team, including the World of tech

Business News

Latest West Midlands news affecting your business

Home » Business News, News in Brief

2013 Advice for SME’s from CEO of RationalFX, Rajesh Agrawal…

Submitted by No Comment

Rajesh Agarwal CEO Founder RationalFXIn 2013, it is clear that SME’s are looking for new opportunities to grow and Rajesh Agrawal, CEO & Founder of RationalFX and Xendpay.com, gives his predictions and advice for the upcoming year.

1. Exporting:

For 2013, small companies should look to conduct more of their business internationally.  Although Europe and the US remain high on the priority list, they are being outshone by Southeast Asia and China as the new market leaders

2. Think Outside The Box:

In order to have a competitive edge in this unstable financial market, innovative  and ‘outside the box’ products are key in the next year.  You have to come up with something new to be considered within the saturated market and stand out amongst the tough competition.

3. New Markets:

Budding businesses should be looking for exciting new markets with a specific move toward that of e-commerce

4. Relief:

Take relief from the 10 point tax plan which will include a reform of corporation tax relief for start-ups, improve cash flow and R&D tax credit.

5. Beware of Increased Tax:

Increased property tax will make small businesses find it hard to stimulate growth.  Make sure to learn from the rough economic crisis of 2012 and use the winning formula’s you learnt during this period to help you through the increased costs faced by new reforms.

6. Grab Opportunities:

Forget relying on traditional institutions, SME’s need to actively explore new opportunities at home and abroad and look to new financial institutions for support to take the business to a new level.

The West Midlands Business Information Portal, or BIP for short, is a newly formed social enterprise that aims to promote, connect and empower small businesses in the West Midlands- written for entrepreneurs, by entrepreneurs.

We have launched our new site in Beta mode. Join our rapidly growing community, as a subscriber, contributor, reporter, advisor, mentor or partner and start using our platform to network, share the latest news, tips and how-to guides with like-minded people.

Register Now or get in touch at bipteam@wm-bip.co.uk
Share

Tags: , , , , ,

Switch to our mobile site

Get Adobe Flash player Plugin by wpburn.com wordpress themes