Businesses generate an average growth of 30 percent after exporting for just two years, according to new research from Barclays.
Carried out among 1,500 small businesses in the UK, the research reveals that 29 per cent experienced a positive impact on their bottom line within just six months of expanding into international markets. Eight in ten (82 per cent) of businesses experienced a positive impact on their bottom line after two years of exporting and 54 percent said their growth had been better than they had expected.
The United States comes top of the list of countries that small businesses perceive to offer the best exporting opportunities (of those businesses who are not currently exporting), while for those that have been exporting for three years or more, the US is one of the top ten countries they are looking to branch out into.
The research accompanies Barclays’ recently launched Business Abroad proposition, which provides the tools and know-how to start trading internationally with confidence, offering free access to expert guidance, advice, workshops and tools, as well as discounts on international products and services.
