Many businesses are looking for ways to conquer the markets. The FTSE 100 or the S&P 500 are two major milestones for any company and are the UK and US equivalent of the major players in the stock market. Anybody looking to achieve greatness needs to get onto these lists. But of course, it is easier said than done, so here are a few steps businesses can take to increase their chances of success.
Have a Strong Presence in the Markets
There are two areas to consider here. Firstly, you need to have a strong presence in the international market based on your trading. For example, you need to grow your customer base and develop your business by expanding into new territories but you also need to, very simply, be a great business! But you also need to establish yourself as a solid trader. There are a number of things you will need in place here to guarantee a long and illustrious track record before you are granted access.
One of the most important things you will need to gain any form of credibility is a Legal Entity Identifier (LEI) number. Websites like leikod.se can provide more information on this to get you started, but you have to showcase a strong track record of achieving growth according to your profit. It is not easy to achieve, but you need to give yourself time.
Focus on Developing Relationships
To get a place at the table can take a long time. It is critical to be realistic and ensure that you are prioritizing being proactive. You may not get an invitation to join either but this doesn’t stop you from developing relationships with other companies on these lifts. Networking is a fine art after all. Developing relationships with the big companies and stock exchanges will ensure you are doing everything you can to go in the right direction.
You need to conduct your research and make sure that you are looking at the foundations of these companies that are being invited. The spglobal.com site shows more information about who will be invited to the S&P 500 in 2023. Gaining those vital insights into what makes them different to you and therefore, allowing your business to evolve gradually into something that effectively mimics them can get you a place at the table.
Be Transparent in Your Dealings
You need to be an authentic business and this means focusing on transparency in your relationships and in every aspect of your dealings. Many changing economic conditions force companies to omit certain information in order to stay above board, and because the FTSE and S&P are highly regulated, transparency in the face of publicly disclosing relevant information and following the appropriate regulations will ensure you are keeping yourself above board.
Getting to this point is a lifetime’s ambition for many. The reality of the situation is that getting onto the FTSE or the S&P is first and foremost about world domination.