Now that’s the American Way right there: exporting. Many businesses do it. But should yours? This is an important question to ask if you’re an entrepreneur or small business. Because the federal government offers this web site as a resource for you to utilize in your corporation for the benefit of faster and better income potential and maybe even connections all over the world.
There are some things to consider, though:
The rating for this is…. 4 out of 5 stars.
The Rundown on Export.gov
Here’s why. Export.gov is a site that offers all the resources you can possibly need to get your export business going. Everything from Trade Agreements to International Logistics and everything in between.
It’s a fairly inclusive site. Hey, I’m kidding myself: it’s a tremendously inclusive site! You have resources in International Finance, everything you need to know about licenses and regulations, and all the documents and paperwork necessary to get it going.
And believe me, you need to get all of this down pat if you want it to work. Utilizing the entire globe for your business is a big deal. Especially if you’re a small business. So you need all the help you get. Well, thanks to the feds of the U.S.A., Export.gov has it all covered.
Running Down on the Idea of Export Business
Slight problem, though: it’s literally up to you to determine whether or not you’re — what Export.gov terms as — “export ready.” That not only goes with how well established you are with your company, but your product as well.
You also need to determine if your product is something that actually can be exported! As a small business, that might be a tough sell. A lot of compact companies sell primarily ‘services,’ not ‘products.’ So you need to figure that out. What do you provide? Services? Or products?
The good thing is the Trade Information Center can help you analyze all of that. And don’t worry — it’s a free service. The question is, are you okay with the possibility that it might not be a profitable endeavor?
After all, you go through all that effort to research, learn, investigate, prepare with Export.gov only to find out that your product is probably best at home, right? Sucks. But at least you tried.
So knowing you’d be fine with at least seeing what potential is out there in the foreign markets for your business is important.
So Here’s the Deal….
The benefit, though, is you make major progress in your business, even when small, if you tap the global market. Chances are you can make some headway in it, even in small steps.
But you’ve got to go through all the legwork to do it. Paperwork. Licenses. Education. Dear, God, it’s suffocating.
But what do you expect? It’s the whole world you’re looking at. Is your business ready for it?