Small businesses urged to go global
On average, across the UK, this tipping point – the limit at which businesses realised they could no longer achieve desired business growth by trading only in the UK – was clear across all sectors, but at different times.
Telecoms, internet, media and entertainment businesses hit their limit at only two years, whereas logistics and retail businesses reached it at three.
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Hide AdManufacturing businesses found they had more time before needing to look abroad for growth opportunities, hitting their limit at eight years.