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Dealing with the British… Heiki Pant Export Advisor Enterprise Estonia UK.

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Presentation on theme: "Dealing with the British… Heiki Pant Export Advisor Enterprise Estonia UK."— Presentation transcript:

1 Dealing with the British… Heiki Pant Export Advisor Enterprise Estonia UK

2 Bird’s eye view Population of 63 million Density of 276 persons per sq km(Estonia 30,5) England 53 mil; Scotland 5 mil; Wales 3 mil; NI 2 Currency – the British Pound, 1£ ~ 1, 25 €

3 UK’s position in the world 6th largest Economy in the world (7-8) In 2012, the UK was the 10th largest exporter in the world and the 6th largest importer In 2012, the UK had the 3rd largest stock of inward foreign direct investment and the 2nd largest stock of outward foreign direct investment

4 UK public deficit

5 From Lehman’s collapse to date Financial crisis hit hard Banking bail-out unprecedented~ £ 500 bn 2012 economic turnaround Outperforming other economies in G7 Population boom

6 Spread of economic activity

7 Economy at a glance Services sector dominant, contributing 78% of GDP Share of financial services significant In the UK around 2,06 mil people work in financial services ( London on world stage alongside NYC)

8 Bankers bonuses and Muscles from Brussels

9 Creative industries (London) In London jobs in creative sector 223 movies released last year UK Design– £ 15 bn UK Fashion industry - £ 26 bn 14M Theatre attendances per year

10 Education overseas student in UK every year 2011 higher education contributed £ 17,5 bn

11 Automotive industry Employs staff Mass production reduced High end of value chain

12 Defence Industry £ 35 bn turnover ~ 7 bn £ = export World second largest defence equipment producer after US people in sector

13 Pharmaceutical Employs in R&D The UK’s pharmaceutical sector invests approximately £11.8 million every day in R&D Indirectly employs round

14 IT The merge of new Hubs: - Shoreditch Silicon Roundabout - M 4 corridor- Panasonic, HTC, Vodafone, Microsoft, Adobe, Google

15 Challenge

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17 Rental market out of control £ p/W pcm 2,34 mil p/a

18 Construction market and wooden houses During the last 10 years the share of wooden and timber houses has grown Quarter of newly built = wooden houses (Timber loving) Scotland- 2/3 of newly built properties are timber frame Share of timber frame and modular houses has grown in Ireland and NI

19 Historical element 1666 Great fire of London 1667 construction of Timber Frame multi storey residential buildings banned 1990 the ban was overturned

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23 Entering the UK market How to start

24 Preparatory work Mapping Is my product fit for market Certificates PricingCompetitors

25 Mapping potential partners Industry associations, webpages, members links Databases, lists from EAS E-commerce- E-bay, Amazon, Linked In Google search

26 Backround information search Webpage Linked InTwitterFacebook Articles, Charity work etc

27 That all important first call Who am I contacting? what is the nature of the call What do I know already about the company What is my product/ service- why should I be listened to What are my strengths and possibly weaknesses. How do I turn them into strengths Further steps

28 Panso Practice Practice Practice Elevator speech- jogging, walking

29 Gate keeper Secretary, receptionist, PA She/he will keep the lines clean

30 sales letter The chances of getting response are extremely low

31 You will not hear word „no“ British usually refrain from saying no „Got too many suppliers“ is common

32 Before „send“ THINK „Excuse me, I don’t understand your reaction about our telephone conversation. But if you are too busy and you are not interested my proposal then please answer to me. Other way I will continue disturb you in the future, or who I should conact.“

33 SwSwSwNxt

34 Kontaktid HEIKI PANT TRADE ADVISER Enterprise Estonia UK Estonian Embassy 16 Hyde Park Gate SW7 5DG, London Tel: + 44 (0) Mob:+ 44 (0)


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