Dutch start-ups have the world a lot to offer. Start-ups are indispensable for innovation and innovation in the Netherlands: they develop technologies and business models that can be disruptive existing markets and create new ones.
Starting entrepreneurs who decide to become internationally active, perform better than comparable starters who’s are activities are limited to the domestic market. According to the Dutch Central Bureau of Statistics (CBS), their chances of survival are spectacularly greater once they have become internationally active. However, the support for Dutch start-up that wants to go a step further and have ambitions to enter new markets worldwide is limited. The biggest problem here is that internationalization isn’t always understood very well by many entrepreneurs, so good preparation is usually underestimated. When start-up companies go international (whether through export/import or when starting a foreign entity) within one year of their incorporation, they are considered ‘born global’. Of the handful of ‘born globals’ the vast majority, 86 percent, appears to be operating after three years according to a report by the CBS from 2016.
Moreover, it takes a lot of valuable time to develop a well-developed internationalization strategy for start-ups. Start-ups founders usually focus on the innovative side of the product, which is essential to growing in the first place. But entrepreneurs often lack time and network to really make efforts on this particular issue.A clear defined model for internationalization is necessary to become successful. Many scale-ups have understood this. Contrary to many startups, many scale-ups do have an internationalization strategy which allows them to look forward and make long-term decisions about the future and the direction of the company.
For many startups, this all may seem too much for now. They want to focus on improving their product, translating brilliant ideas into business opportunities. But if you understand the vital importance of internationalization for your business, take proper actions or work with people who guide through the process, defining the most relevant market(s) for your business to budgeting, as well as the follow-up.
DLA Consulting develops tailor-made programs for companies to make them aware of the opportunities abroad, and assist them in the process of entering foreign markets. We take the lead in this process. We look at the international opportunities for the company in question and when it’s clear where the opportunities are situated, we connect entrepreneurs with representatives of Dutch Missions (Embassies, Consulates), Dutch Business Support offices and Trade Support organizations and clusters. We bring companies into contact with organizations that can help them to find Funding abroad, as it is often difficult for Dutch start-ups to get the proper funding they need to grow internationally. Starters International Business (SIB) trajectory from the Dutch Ministry of Economic Affairs.
DLA Consulting will support you at every level of your internationalization process. We are connected globally and can identify and mitigate the risks (political, economic, and management risks) your company faces when it decides to internationalize. If you want to know more about our activities, please visit our website or send me a message firstname.lastname@example.org.