With tariffs and trade taking center stage in recent months, a lot of the discussion has focused on the importing of goods and services. However, it has also sparked a renewed interest — and intensity — in exporting.
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The manufacturing industry can be unpredictable. One minute you might be entering into a lucrative contract with a great new customer; the next, that customer could be going out of business — putting your own company at risk in the process.
The best way to guard against this risk is to diversify your business and expand into new markets. Here are three reasons why you should consider it in your shop:Read More »
We’ve already discussed why U.S. small businesses should consider exporting. But while most organizations focus on exporting to Europe or Asia, there is a golden opportunity to expand into new markets and grow your revenues in Central and South America by taking advantage of the “Look South” export initiative.Read More »
Exporting can make a positive impact on your business. Unfortunately, there are several negative myths and misconceptions that could prevent you from taking advantage of the opportunity.
Don’t miss out due to misinformation. Learn the truth about exporting in today’s global economy.
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Exports are a growing and substantial part of the U.S. economy, with more than 304,000 U.S. companies exporting goods last year. Of those companies, nearly 98 percent were small- or medium-sized businesses (SMBs) with fewer than 500 employees.Read More »
Diversifying your business and expanding into new markets can open up new revenue streams while making you less dependent on a single customer or industry.
However, expanding into new markets often requires a lot of time and a lot of money, and many shop owners are reluctant to make that commitment. In addition, when business is good, expansion can seem like a luxury rather than a necessity, and it quickly drops to the last item on a to-do list.Read More »