Don't trip up over business travel
Flying and staying cheap may cost you more in the long run, while not briefing staff on potential risks can leave you legally liable.
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ONE of the main growth strategies for booming SMEs is to venture overseas - a particularly important process for firms looking to outgrow Singapore's lean consumer base. Local SMEs are increasingly keen on overseas expansion.
Many are actively seeking assistance - 80 per cent of the 99,000 cases who received help in overseas expansion from International Enterprise (IE) Singapore are SMEs.
For SMEs to succeed in the Asia-Pacific's relationship-centric economy, establishing business partners through physical networking is key, and business travel plays a huge role in building these relationships. However, business travel can be a challenge for SMEs to tackle.
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