On Thursday 17th March we held the evening talk “Jumping Barriers When Moving Abroad”, organised in collaboration with Kantox, member of the Spanish Chamber.
This two-hour event was the perfect occasion to show the participants how to mitigate risks when moving abroad by explaining which possible barriers should be taken into account to succeed during this process.
On this occasion, Brandon Smith, Country Manager at Kantox, welcomed attendees and briefly introduced himself before moving on to presenting the guest speaker for the evening: Daniel Evans, Chief Financial Officer at Dating Factory, who provided a practical example of the different barriers businesses must overcome based from his first-hand experience.
To kick off, Daniel started by explaining relevant information about the background of the company and where it came from before tackling the main content of his speech: the issues that arose when relocating the company from Ukraine to Bulgaria.
He then elaborated on this by explaining the struggles Dating Factory had to overcome during this process, which were mainly related to the following issues: legal aspects, technology, banks and financing, employees, cultural issues and currency approach. In this sense, he emphasised the relevance of having a proper FX strategy when entering a foreign market where local currency was difficult to get from traditional banks and explained the crucial role played by Kantox in their successful case.
To conclude the seminar, Daniel provided an overview about the topics discussed in the talk and highlighted the importance of preparing a good plan in advance, learning quickly from mistakes and having constant communication at all levels. More importantly, David emphasized on the figure of the project manager and how having one can make a big difference to ease the hassle that arises from moving the company and its workforce abroad.
The event then moved on to the Q&A session, where the speaker provided further examples to answer the questions from the participants. Once the Q &A session was over, attendees and speakers could network and share their opinions over some drinks and nibbles while enjoying the breath-taking views over London.
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