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Small Businesses Aim High: Survey Reveals Ambitious Global Growth Strategies

Small Businesses Aim High: Survey Reveals Ambitious Global Growth Strategies "Road sign for curved road ahead. \nStorytelling: Could also be used when things are \/ were not realized in a direct way."

Small and micro businesses (SMBs) are looking to expand beyond their local markets, according to a survey conducted by Visa. The survey, which examined small businesses and consumers in 10 international markets, found that 55% of consumers expect to increase their use of digital payment solutions like cashless transactions. Additionally, small businesses are prioritizing cross-border sales, with many entrepreneurs adopting new technologies to help them achieve their global growth goals. The survey indicates that businesses that expand globally are likely to grow more quickly and employ more people.

Small businesses have always been an important part of the economy, but the survey results show that they are now looking to take their operations to the next level. While this could be beneficial for the businesses and their employees, it is important to consider the potential challenges that come with global expansion. Businesses need to be aware of the different laws, regulations, and cultural norms that they may encounter when expanding into new markets, and they need to be prepared to adjust their strategies accordingly.

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