Showing posts with label getting paid on exports. Show all posts

Monday, March 03, 2014

Selling Goods Overseas Is Easier But Still Challenging For Small Businesses

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While selling goods overseas is easier due to the Internet and the vast amount of information available on the subject (including this blog), it's still hard for small businesses to get paid on exports. This is the #1 challenge for small businesses. (Here is an article worth reading and re-reading: An Insider's Guide to Making Payments and Getting Paid on Overseas Transactions).

Read the entire article: Small Business: The Cost of Expanding Overseas (WSJ.com)

Note: Laurel is mentioned in the WSJ article along with new her new book!

Saturday, March 20, 2010

Up, Up, and Away on Exports!

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Biggest hiccup for SMBs on exporting? It used to be finding customers. Now, it's getting paid.

Read John Tozzi's excellent article over at BusinessWeek:

Other business owners might sour on exporting after what happened to David Old. His company (Old Wood LLC), a 15-employee wood flooring producer (pictured) in Las Vegas, N.M., had completed a $130,000 order for a new theater floor for a customer in Seoul, South Korea, in 2008. The buyer paid a deposit up front, passed a credit check, and made the first two payments on time. But the final payment of $40,000, due after the financial crisis began that fall, never arrived.