Boots on the Ground Make Going Global Easier

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A lot of small businesses have the philosophy that driving international sales has a lot to do with getting closer to your customer.

But [the Australian Federal Government's Export Finances and Insurance Corporation (EFIC)] executive director Andrew Watson warns that getting the right corporate structure, business partner and making sure you’re meeting all the regulatory and compliance obligations of overseas markets is the key to success. “There’s a real need to make sure that you’re managing the risks that you’re taking by entering that new market,” he says.

Are you ready to take the risk and invest?  Read more here.

Small Business Exporters Are Optimistic About the Future

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Of the 800 plus exporters that Sydney, Australia-based Efic, an export credit agency, interviewed as part of their latest SME Exporter Index research, just over 40 per cent expected an increase in their overseas sales over the next 12 months, with one in five intending to launch new overseas operations within the next six months.

Sentiment
SME exporters continue to be optimistic about the future, with 37.6% of exporting SMEs either positive or very positive about growth in the next year, easily outweighing the 26.7% of combined negative and very negative SMEs.

Read more:  Helping small business exporters overcome financial barriers