Many American-based businesses are suffering due to the economic slowdown, but there is a growth trend emerging from within the small business sector from companies that are growing thanks to countries that want to take advantage of the falling value of the U.S. dollar. There are numerous opportunities to explore marketing a product or service around the world, but entrepreneurs need to educate themselves about how to do business within the global economy.
1. Learn the Exporting Basics.
• The U.S. Small Business Administration offers a basic guide to exporting, which is designed to help firms learn the costs and risks associated with exporting and develop a cohesive strategy. Check out its 10 keys to exporting success as well as ways to avoid the pitfalls and roadblocks. You’ll see online exporting guides for Eastern Europe countries, including Albania, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland Romania, and Slovakia.
2. Secure Trade Reports.
• Get smart about the various countries interested in trading, reports on agriculture, the best markets for current trading, current foreign agriculture service (FAS) reports and the industries and markets for trading. This will enhance your trading position and help market your goods to other small businesses around the world.
3. Get the Financing support you need.
• The Export-Import Bank of the United States (Ex-Im Bank) turns export opportunities into real transactions by supporting the financing of U.S. produced goods and services. Ex-Im Bank provides U.S. exporters with the liquidity and confidence to accept new business, enter new markets, grow existing sales, and compete more effectively in the international marketplace. As the official export credit agency of the United States, this independent government agency mitigates the risk of nonpayment, and enables exporters to extend credit to their international buyers and access working capital funds. No matter how big or small the sale, Ex-Im Bank will assume the inherent trade risks that the private sector is unable or unwilling to cover.
ZANA Network Offers Top Three Tips to Recession-Proof Your Small Business by ''Going Global'' - To learn more about this author, visit Howard Keating's Website.
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Howard Keating
(Visit Howard's Website)
Anne Cron is with ZANA Network, whose goal
is to continuously provide members with a
comprehensive package of products and
services that enables them to acquire the
essential business tools and global
marketing information they need to advance
their companies and concepts on a local,
national and international level. We aim
to create a highly effective community
that shares and grows together, and where
our individual and collective voices can
be heard for the benefit of small and
medium businesses everywhere. Visit www.zananetwor
k.com today to learn more!
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Joining referral networks like BNI or local chamber groups can be a great way to help you network and generate referrals. The most powerful way to use this strategy, however, is to grow your own.
