When it comes to payment terms, both parties feel only a few reliable options exist and out of those the number one preference for all businesses is the Letter of Credit.
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.