Category: Trade Terminology

6 PROBLEMS SMALL EXPORT BUSINESSES FACE AND HOW TO OVERCOME THEM

6 PROBLEMS SMALL EXPORT BUSINESSES FACE AND HOW TO OVERCOME THEM

Starting your own business is an undertaking that requires more than just the idea, capital and loss mitigation plan. The entire process from choosing the product/service to finding the buyers’ market for it is just the beginning of a long and tedious research that is both inevitable and rewarding. However, your business’s transition from an MSME to an export business is a completely different ball game altogether. While it can be a daunting task to expand your business internationally, smart strategies and planning can ensure both success and longevity of your export business.

6-steps to success in export business

6-steps to success in export business

While there are 365 different ways of approaching exports, some basic tenets remain unchanged regardless of the country or culture that a business originates from. Listed here are some of the key elements that an entrepreneur must focus on before getting on the bandwagon of export-import business.