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.
Tag: small business
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.