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Tips for Small Businesses Looking Abroad

 
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PostPosted: Thu 4:17, 22 Aug 2013    Post subject: Tips for Small Businesses Looking Abroad

Tips for Small Businesses Looking Abroad,[link widoczny dla zalogowanych]
Try social networking. Even if a business is too small to send its own people around the globe,[link widoczny dla zalogowanych], it doesn't have to. firms. This website has become a major spot for foreign workers to sell their services to Americans, according to Steve King of the Institute for the Future. Seventy percent of those offering their skills on the website come from outside the United States,[link widoczny dla zalogowanych], while almost all of the buyers are domestic.
Use affordable communication tools. While instant messaging is used mainly for family and friends to connect,[link widoczny dla zalogowanych], global small-business people now use this cheap means of communication to direct their employees operating abroad. Pauline Lewis runs Oovoo Design,[link widoczny dla zalogowanych], an Alexandria,[link widoczny dla zalogowanych], Va.,[link widoczny dla zalogowanych], company that sells handbags sewn by over 600 workers in women's cooperatives in Vietnam. Customers are mainly in the United States and Canada. Lewis says her business would be impossible without the services of Skype and Yahoo chat,[link widoczny dla zalogowanych], which she uses to talk to the woman who organizes her business in Vietnam.
Look to where the money is,[link widoczny dla zalogowanych]. Just because a buyer is online doesn't mean the normal taxes on international trade don't apply,[link widoczny dla zalogowanych]. Certain products carry lower taxes and tariffs than others. That's true whether you are importing or exporting. Customs brokers can tell you which products carry certain advantages or disadvantages,[link widoczny dla zalogowanych].
Budget for the barriers. Larry Harding directs High Street Partners,[link widoczny dla zalogowanych], a consulting firm that works with businesses to ease their transition to global markets. He says one of the most common mistakes businesses make is getting into a foreign market too quickly before working around all the rules and regulations. "It's all well and good to think you can enter China and India you can't do it in a month,[link widoczny dla zalogowanych]," Harding says. Setting up an overseas office requires small-business people to overcome not only language and cultural barriers but also sometimes arcane labor and business registration laws. He recommends that small businesses plan to set aside 5 percent of their expected revenue to pay for these costs.
Get help from Uncle Sam. The Export-Import Bank of the United States offers small-business exporters insurance policies to protect against the risks that accompany dealing with foreign buyers,[link widoczny dla zalogowanych], such as nonpayment for commercial reasons or perhaps a sudden civil war. This policy is aimed at any company that fits the Small Business Administration definition of a small business, but it has to meet other requirements as well,[link widoczny dla zalogowanych], such as exporting only goods that are at least 51 percent produced in the United States.
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