The economic slowdown continually challenges businesses to remain profitable and highlights the increasing importance for them to discover new opportunities to sustain growth. Over 100 participants joined speakers from RSM and other leading firms from their respective industries to discover how they can take the first step into the global marketplace.
Risk Advisory Managing Director Tay Woon Teck shared insights on what gives unicorn start-ups the competitive edge that allows them to pull away from the pack to attain billion dollar valuations. Citing prominent examples, he continued to shed light on why some unicorn start-ups fell from investors' grace and what are the major pitfalls to avoid.
Diving deeper, he raised the question of whether a lot of such companies’ focus on quick growth and emphasis on acquiring funding rather than solidifying the business model justifies their valuation and if participants should emulate or tread carefully around such strategies.
As part of Google's Go Global initiative, the workshop aims to help SMEs in Singapore expand overseas to access a broader market and develop new capabilities needed to compete internationally.
Fellow industry experts from technology, banking and consulting also shared on their respective areas of expertise to aid participants in their internationalisation strategy.
For more information about the Go Global initiative, please visit: https://goglobal.withgoogle.com