ICEX NEXT is HOW TO an ICEX Spain program designed to australia telegram data 3 million facilitate the internationalization process of Spanish SMEs. The ICEX NEXT program provides entrepreneurs with a set of tools designed to ensure a stable presence of HOW TO SMEs in foreign markets. ICEX offers its network of exporting SMEs, business consulting and financing to develop an international business plan, and personalized advice in Spain and abroad.
ICEX Spain Export and Investment is a public entity with 31 Provincial and Territorial Trade Directorates in Spain and a network of 100 Economic and Commercial Offices abroad. Its mission is to add value to the economy by promoting the competitiveness of Spanish SMEs in international markets. To achieve its objectives, ICEX assists entrepreneurs in all phases of the internationalization process.
4 Advantages of internationalizing an SME company
The SME-internationalization binomial isn’t a sustainable growth: strategies that work cliché applicable to young companies focused on e-commerce. There are companies with excellent results in international markets, in almost every sector, from those considered traditional to the most innovative. Entrepreneurial ventures abroad, while not without risks, offer four main advantages to internationalizing an SME :
1. Risk diversification
Exporting reduces dependence on the domestic market and helps SMEs weather periods of economic recession. This advantage also extends abroad: operating in multiple geographic markets also makes it possible to overcome crises affecting individual markets.
2. Improved economies of scale
When foreign activity represents a fax databasesignificant percentage of an SME’s activity, it embarks on a growth process that facilitates access to new financial resources.
Increased revenue is driven by increased product sales. This increase implies increased production capacity, decreased costs per product, and reduced overhead. When a company grows, it can take advantage of the advantages associated with size.
3. Response to globalization
Operating in international markets allows you to come into contact with different ways of thinking and operating. The experience of competing in foreign markets allows companies to develop skills to compete with foreign and domestic rivals.
It is always important to consider that the domestic market is also attractive to foreign companies seeking to expand internationally, and even if Spanish SMEs avoid international business, sooner or later they will have to compete in the domestic market with foreign companies.