Emerging World Markets Area Great Resource for Business Entrepreneurs

Emerging world markets give entrepreneurs great opportunities to tap into the resources and services that are found in emerging economies. They are ripe for skilled business people to innovate and expand into profitable businesses.

It is a good Idea to keep a close eye on emerging markets if you run a business in the UK or US, as they represent an ever increasing market and resource centre. What happens is that as a country starts to become more developed and parts from the development phase, the patrons of the country become more affluent and this will allow the businesses and commerce to grow and become more interested in expanding to include international operations. This is the perfect time to look at investing in this businesses as you can benefit in two strong ways. One way is that there is a new source of cheap labour and quality resources for you. The other benefit is that this emerging growing market is looking to spend their newly created money.

An expanding service division in an emerging market is well equipped to give business backing to your enterprises. Let’s look at an example. Your customer support could be handled very well by experienced teams in the Philippines. Many outsourcing companies could tackle your data entry or back office administration requirements fully. Manufacturing can also be produced overseas at a reduced rate. The main benefit here in outsourcing into emerging markets is labour, resources and your energy rates will be more cost effective freeing up capital to invest in expanding your own operation via sales.

Emerging economies all over the world have been helping UK and US businesses for decades now with the Philippines, The Far East, and India all benefiting from manufacturing products and helping deal with customer service and back end admin tasks. This has given business in the UK and US clear competitive advantages.

Africa is a new area and one of the most exciting emerging countries for entrepreneurs and business owners to get involved with. In almost a battle with the well-established Eastern Europe for providing the new vein for outsourcing cheap labour and low rent, Africa is proving its self to be a strong force and looking good to challenge the Eastern European current dominance especially in the fields of technology, telecoms and internet development.

South Africa has been the leader in African economy but areas such as Nigeria and the Seychelles have been exploding with sustained expanding year on year growth. A great example to learn about  and a highly respected and successful entrepreneurial business force from the Seychelles is
Mukesh Valabhji. He started a services called Intelvision which provides TV, ISDN, High Speed Internet and telecom services. He also has a financial services arm and was once head of the Seychelles Marketing Board.  He is a great example of how this nation is growing and expanding to provide solid services and his activities have helped the region emerge from economic unimportance to become a strong force.

There are lots of opportunities to do business with and joint venture with different companies so it is a great idea to use emerging markets to help your own endeavours. It’s best to learn about the regions and ask what makes them stand out from the rest of the businesses battling to gain your business.

Entrepreneurs who can capitalise on emerging markets are in a great position to increase profit and take a market share from competitors.