Whether you are looking to move abroad to start a new life or want to take your business into a new and exciting marketplace, there are a few interesting options out there that might be worth checking out. While the ‘safe bets’ of the United States, China, and the major European nations will always be attractive, scratch beneath the bigger economies and you will find plenty of opportunities.
While moving to one of these places on the plane might be something of a risk, it’s also important to remember that being brave can often pay off. Smaller, developing nations can often be home to an exciting environment that offers astonishing rates of growth. Here are some of the best, up and coming areas in the world that might be worth your time.
Malaysia might be a small country of 29 million people, but its economy has been showing some encouraging signs in recent years. The nation has worked hard to reduce poverty levels in the past half-century or so, and while it was affected by the global financial crisis in 2009, it has bounced back quickly. Cheap manufacturing costs and little bureaucracy in business regulations means that Malaysia is open for business in a big way.
For such a relatively young nation, the Czech Republic has come on in leaps and bounds in recent years and is now one the best opportunities for business people in Europe. It has a GDP of around $205.3 billion and is well known for its welcoming nature towards entrepreneurialism and business. It’s also politically and economically stable and has a reasonably well-developed social backbone that provides citizens with a good life overall.
Poland is another European nation well worth checking out if you have a business. The country provides an excellent environment for entrepreneurs. The population is well educated, and Poland also offers one of the most skilled workforces in the world. It’s well-placed, too, with easy access to the rest of Europe. While many Poles moved to different nations when they joined the EU, it’s interesting to note that many are now returning.
Ras Al Khaimah, UAE
The UAE has been of interest to many major global companies for many years now. But there are more opportunities there than you might think. Ras Al Khaimah has always lived in the shadow of its neighbors in the United Arab Emirates – Dubai and Abu Dhabi are a good example of this. However, there is a lot of potential in the small emirate known as RAK, thanks in no small part to the leadership of the Al Qasimi family. A quick look at the Al Qasimi family history reveals the influence they have had on the nation-state, and it is now a place that welcomes business opportunities from around the world. It is also one of the fastest growing areas on the planet for tourism, and able to rely less on sales of oil than its sister emirates in the UAE.
The former British colony is known as one of Asia’s four economic tigers, and there has been incredible growth over the past few years, particularly in the technology and pharmaceutical sectors. With low unemployment and high GDP per capita, it’s easy to see why so many businesses are looking to enter the Asian market head to Singapore first. And you won’t be alone – immigrants are expected to make up half the population by as early as 20130. It’s a dynamic place in the world, full of movers and shakers and is known as one of the most welcoming nations for entrepreneurs.
While India has slipped from its top spot of recent years, it’s still a place where investment can pay off. It’s a fast-growing, diverse economy that has an incredibly skilled workforce. Given its workers are well-educated and English-speaking, it’s a no-brainer for many entrepreneurs who want to invest in technology, business outsourcing, and software. In fact, India is ranked Number 3 in the world for differentiation, and its unique business environments mean that many movers and shakers thrive in the country.
It’s well worth investigating Thailand for business opportunities. It’s especially true if you are in the manufacturing or agricultural industries, as these are the two sectors which tend to keep unemployment and poverty low, and the economy has been growing steadily over the past decade or so. Tourism is another industry worth investigating – especially if you have an interest in the more adventurous activities that go down a storm with backpackers and holidaymakers. It’s incredibly welcoming to new businesses moving to the area, too, and if you are looking for a place with something different, Thailand has a lot going for it.
Israel isn’t without its risks, of course, given its location in the complicated Middle East region. But it’s one of the best nations in the world for opportunities in the technology sector and is an incredibly advanced economy. The people are well educated, and Israeli culture has a lot of influence throughout the world in many different areas, including science, the arts, and politics. Yes, there are plenty of terrorist threats to contend with, but as we have seen everywhere else in the world, it’s not just a problem in the Middle East. And the simple fact is that it is a great environment for all kinds of entrepreneurs, and offers a high quality of life to its residents.
The Indonesian Islands cover a vast area in the sweet spot between Asia and Australia, and the archipelagos are a natural bridge between two continents, making it an attractive proposition for many entrepreneurs. Indonesia enjoys the largest economy in the region and is known as one of the world’s richest nations. Major exports include natural gas and crude oil, palm oil, and coffee and cocoa. But it’s also becoming something of a centre for technology in the region, and many entrepreneurs are taking advantage of the super cheap manufacturing costs in Indonesia.
Any of these countries tickle your fancy? Let us know about them in the comments section below.
Six Tips For New eCommerce Businesses
eCommerce is a constantly evolving sector, and as a new business, it can feel overwhelming. In this post, we’ll take a look at six of the hottest eCommerce tips to help you get your new eCommerce business up and running.
Your website is your first impression.
As a new eCommerce site, customers will have very little knowledge of your brand, and so you have just a fraction of a second to make a good impression. A website that is slow to load, poorly designed, and difficult to use will not build trust and confidence and will lose you sales. Take the time to make sure that you create the best website that you can for your budget and conduct the necessary UX testing to ensure that it is functional.
Make sure that you’re mobile-friendly.
The average person spends more than 100 minutes on their mobile phone every day, and so it is essential that your eCommerce site is fully functional on mobile and tablet devices as well as on laptops and desktops. With more and more people now using their phones as personal computers, shopping is becoming increasingly mobile, so having a mobile-friendly site is key.
Invest in quality stock
It should go without saying, but quality must always be put above quantity when purchasing or making items to sell in your store. There are a number of different wholesale sites out there, such as Alibaba, Oberlo, and Doba, and they can be a minefield to navigate. Learn how to buy from alibaba.com here.
Social media will be your best friend.
It is virtually impossible to launch a thriving eCommerce business without a social media presence. Social media gives you a glimpse into the wants and needs of your potential customers and target audiences, but it is also an invaluable free and paid marketing tool. In particular, Instagram is now known as the number one social media platform for eCommerce sites, but for maximum reach, don’t forget to build a presence on other social media networks such as Facebook, Twitter, and TikTok too.
Invest in your images
Pictures tell a thousand words, and when it comes to eCommerce, they are also processed by your customers much faster. With 60% of people being visual learners, images are invaluable to your business, so do invest in a good photographer and take some professional pictures to ensure that your customers have all the pictures they need to make their decision.
Use a live-chat
Lastly, as a small eCommerce business, you likely do not have a customer service department, but that doesn’t mean that you can neglect customer interactions. A live-chat feature makes it easy for you to answer customer questions and to speak with customers while they are on your site, just as if they were shopping in a real store. 21% of people who shop online say that live-chat tempts them to buy, 46% of people think that live-chat is the perfect digital communications tool, and 62% of shoppers say that they are more likely to return to a site that has live-chat installed.
So there you have it – six tips for new eCommerce businesses, did you find them helpful? Why not share your own suggestions in the comments.
3 Tips For An Easy House Move
Moving home is so exciting, right? A fresh start, a lovely new place, a new neighbourhood to explore. You feel like a little kid again – those night-before-the-move jitters and arranging all your furniture into a great new space is an unbeatable feeling. However, as we all know, moving can also be expensive and stressful. Especially with lots of furniture, children, pets and a limited amount of time, the task can feel insurmountable. Here are three tips for an easy house move.
1. Hiring Your Own Lorry
Removal companies are great if you have all your own furniture, and no way of transporting it. However if you have a partially furnished let, wherein you’ll have some,but not all of your furnishings already set up in the new property, you could hire your own truck. This will save a lot of money and will ease your move. You can hire the lorry for as long as you need it, and you can have a fun road trip all of your own!
Ensure that when you hire or buy your own lorry, you look into lorry insurance and invest in proper precautions.
2. Asking For Help With Child And Pet Care
If you are moving with young children, dogs or cats, the move can become infinitely more complicated and difficult. If you have close friends or family who can take care of your children or pets for you, this would help your move immensely. Having to take care of small children whilst lifting heavy boxes and organising a million things at once can be a big challenge, and can even lead to accidents. Children can be overwhelmed by moving house, so it is much better to have them come to your new home when you have had a chance to organise the space and make it feel like home.
Similarly, dogs and cats can become stressed by a change in location. If the place is in disarray, the animals can become even more frightened and restless. It is better to have a friend, family or professional pet care company take care of them whilst your house move is taking place.
3. Time Off Work
Although it can feel wasteful to take holiday from work just to move house, you’ll thank yourself later for taking the time. Moving into a new house might only take one day, but the unpacking, organising and cleaning process can take far longer. If you take a few days, or even a week, to complete your move, you can return to work with a fresh slate, knowing you’ll be coming back to an organised, calm home!
Plus, this way you can actually enjoy your move, rather than treating it as a stressful nightmare! You can make the most of the new space, experiment with the layout, and truly transform this house into a home which you will be enjoying for years to come.
3 Issues Repair Workers Are Facing During The Corona Pandemic
It’s fair to say that the whole economy and multiple industries have taken a hit due to the coronavirus pandemic. Lockdown forced many companies to close their doors while others were forced into administration. At the same time, numerous businesses have also struggled with how to restart their respective models and get things firing on all cylinders once more. However some companies have been hit harder than others.
Maintenance and repair workers such as plumbers and electricians are facing significant difficulties right now. Here are some of the issues that they are dealing with and the potential solutions.
One of the greatest issues right now is that it seems social distancing is key to preventing the spread of the virus. Ultimately, this means that people are wary about being around others and potentially letting individuals into their homes. That’s a definite problem for repair workers who often require access to complete their jobs. Now, you might assume that people will call repair workers out regardless because it’s an emergency. However, a lot of time a repair doesn’t seem like an emergency and people will put it off for as long as possible.
The challenge here is convincing customers and clients that safety can be maintained in this type of situation. More often than not, this is about ensuring that PPE is used and readily available for workers. Businesses also need to be clear about the things they are doing to keep everyone safe.
We have seen numerous factories and businesses forced to close due to coronavirus outbreaks. The issue here is that this leaves a lot of companies unable to get the products that they need. It can cause businesses to grind to a halt, particularly plumbers and electricians that often require access to spare parts.
Luckily, key parts such as a 3 way ball valve can still be found online and at reasonable prices. But, repair companies may still need to expand their search and look to companies that they haven’t used before to ensure that they have the parts they need.
It’s like that repair companies and maintenance workers, particularly freelancers, have sustained substantial losses over the past few months. While there has been government support to help mitigate the damage, this may not have been enough. Companies will also need to consider how they can protect their model from future damage. This does mean that they need to think about insurance options. There is insurance coverage that could potentially help if there is a dreaded second wave or a new outbreak. By getting the insurance in place now, companies like this will be able to keep their business afloat and the lights on. It could also help if the coronavirus pandemic does cause a massive economic disaster as many analysts seem to fear.
We hope this helps you understand the challenges that these workers and businesses are facing. It’s like that many will bounce back eventually but there could definitely be some rough roads ahead before things are able to snap back into place.
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