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Ready to take your business global? Discover the essential steps to expand and operate internationally while lowering risks and promoting efficiency! From establishing an international oversight team to understanding cross-border compliance obligations, this article provides valuable insights for successful global expansion. Don't miss out on expert advice that can help your business thrive in the international market. Read the full article now! #InternationalExpansion #GlobalBusiness #vistra https://lnkd.in/eCWMk46K

👉 You're A Trusted Partner Nurturing strong client Relationships - the foundation of success In the fast-paced and competitive world of financial services, one undeniable truth stands tall: building robust client relationships is the bedrock upon which all success is built. This isn't just about offering services; it's about becoming a trusted partner in your clients' journeys towards financial well-being. The key lies in active listening, profound understanding, and tailoring solutions that resonate with their unique goals. 💡 Remember, building strong client relationships is the cornerstone of success in our industry. Listen actively, understand their goals, and offer tailored solutions. When your clients see your dedication to their financial well-being, you're not just an advisor – you're a trusted partner. #lbfalumni #skyhightower Disclaimer: The views and opinions expressed in this LinkedIn page are solely that of the author and do not reflect the opinion of Professional Investment Advisory Services Pte Ltd. The information contained in this LinkedIn page is for general information only and does not constitute the provision of financial advisory services. This advertisement has not been reviewed by the Monetary Authority of Singapore. #TipTuesday #ClientRelationships #TrustedAdvisor #financialservices #financegoals #Certifiedfinancialplanner #Financialguidance #insuranceplanningconsultant #PIAS

Why is it that only a few businesses truly thrive in the global market, leaving many others struggling to find their footing?   This seems to be a question plaguing the minds of many #entrepreneurs and #business leaders. Through our experiences and observations of fellow business owners, we've realised that effective #financial management is often the linchpin, particularly when venturing into international markets.   Building a successful #global business involves more than just a good product or service. It requires a harmonious blend of various elements synchronising—aligning your offerings, #workforce, financial strategy, and #marketing with diverse international audiences—and, most importantly, the ability to handle people from multicultural backgrounds. As the business expands globally, these tasks become increasingly complex. Adapting products to different cultural contexts, revamping marketing strategies for international appeal, and managing a diverse #team present unique challenges.   In navigating these waters, expert financial advisory services stand out for their value. Services like those offered by us at QuantAscend Consulting provide key benefits:   𝐂𝐨𝐬𝐭 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Outsourcing financial expertise can significantly reduce expenses. A notable 2023 The Hackett Group, LLC study revealed that in-house financial functions can optimise up to 8% of their total revenue, underscoring the cost benefits of #outsourcing. 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞: Experienced #professional services offer crucial insights into areas like international tax laws, Forex complexities, and key capital requirements for operating in new #markets. 𝐃𝐞𝐥𝐞𝐠𝐚𝐭𝐞 𝐚𝐧𝐝 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐂𝐨𝐫𝐞 𝐕𝐢𝐬𝐢𝐨𝐧 & 𝐌𝐢𝐬𝐬𝐢𝐨𝐧: Delegating financial complexities allows #companies to concentrate on their primary business objectives and let the non-core finance functions be handled by experts.   At QuantAscend, We've seen numerous #clients transform their global strategies through our customised financial advisory services for outbound companies. Our in-depth understanding of #international markets and financial landscapes empowers our clients to make informed decisions, significantly boosting their global #growth prospects.   Astute financial management is often the cornerstone of global business success. QuantAscend's specialised financial advisory services offer essential #support and #insights for not just entering but excelling in the global market. If global #expansion is on your horizon, a conversation with us could be worth it.   Are you keen to understand how expert financial advisory has propelled our existing portfolio businesses across VC/PE, tech, esports, life sciences, manufacturing, and services alike into global markets? Reach out to QuantAscend for a consultation and start your journey to international success. #financialadvisors #consulting #quantascend

Today, we launched QBE Singapore's 9th Annual Small and Medium-sized Enterprises (SMEs) Research Survey findings. This is a mainstay for us and once again underscores the need for SMEs to ensure they are adequately protected (along with the right risk management) by risk transfer mechanisms such as insurance. I am thrilled to share with you the results of our latest survey on the challenges and risks faced by Small and medium-sized enterprises (SMEs) . Conducted between December 2023 and January 2024, this survey offers valuable insights into the dynamics of our local business landscape. Key highlights from the survey include: 🔍 Top Business Challenges: Increasing costs and reduced profitability emerged as the most pressing challenge, followed closely by sales growth and reduced customer spending. 🔑 Business Concerns: SME leaders expressed concerns over input costs, customer acquisition, long-term profitability, and staff costs, among others. 💼 Insurance Coverage Gap: Despite recognizing these risks, there remains a significant gap between perceived risks and the purchasing of insurance policies to mitigate them. This underscores the importance of reviewing insurance coverage to better address today's risk environment. 📈 Economic Outlook: While SMEs expressed concerns about economic conditions, many maintain a favorable outlook on the economy. Strategies such as cost control, seeking government support, and exploring international opportunities are being considered to navigate these challenges. QBE in Singapore is committed to supporting SMEs in managing risks and driving growth and our findings underscore the need for tailored insurance solutions that address the specific needs of SMEs and provide comprehensive coverage against foreseeable risks. Read more at: https://qbe.co/49ZGYRF QBE Insurance QBE Asia #Singapore #SMEs #Insurance #RiskManagement #BusinessChallenges #EconomicOutlook #thoughtleadership #resilience

#Luxembourg Though Luxembourg offers a transparent and business-friendly environment, incorporating in the region can be challenging. Delays can occur, particularly when opening a bank account. Read our latest article for guidelines to help make the incorporation journey seamless: https://lnkd.in/eWnwXvSX Connect with our team to find out more about how we can support you on your global expansion journey. #incorporation #compliance

Harnessing the Power of Current Ratio: Securing Business Stability and Growth... A healthy current ratio provides peace of mind, allowing us to tackle unexpected expenses, capitalize on growth opportunities, and build a solid foundation for long-term success. By measuring our ability to meet short-term obligations, it ensures we have sufficient liquidity in the face of uncertainty. A good current ratio for small and medium enterprises (SMEs) typically falls within the range of 1.5 to 2.0. However, it's important to note that the ideal current ratio can vary depending on factors such as the industry, nature of business operations, and specific circumstances of the company. A current ratio above 1 indicates that the business has more current assets than current liabilities, suggesting a relatively healthy liquidity position. A current ratio above 2 signifies even stronger liquidity, indicating that the company has a greater ability to cover short-term obligations. While a higher current ratio may provide a sense of security, it's essential for business owners to strike a balance between liquidity and other business needs. Overly high current ratios may imply that the company has excess idle assets that could be more effectively utilized for growth or investment. Ultimately, the ideal current ratio for an SME depends on various factors specific to the business. It's important to assess the industry benchmarks, consider the company's unique circumstances, and aim for a current ratio that aligns with its operational requirements and long-term goals. IKA INTERNATIONAL is Singapore's leading trusted brand of One-stop Business Process Outsourcing Solutions for emerging companies with over 3 decades of experience in corporate services that include #accounting #advisory #taxation #auditing and #companyincorporation . For enquiries, support and collaboration, please reach out to us at: https://lnkd.in/gK6KEuAU Just Ask Me Anything.✌ #currentratio #financialmetrics #liquidity #accountingnumbers #businessstability #businessgrowth #business #midnightaccountingdoctor #ikainternational