Many small businesses think they aren’t large enough to compete in the world marketplace. In fact, 97 percent of all exporters are small businesses. To grow your business, you need to think outside the box and outside the borders.
Today, nearly 96 percent of the world’s population lives outside the U.S. Two-thirds of the world’s purchasing power is in foreign countries. Luz Hopewell, director of the U.S. Small Business Administration’s Office of International Trade, said “Small businesses have a great opportunity to boost sales and profit by exporting, and that will lead to more American jobs and growth.”
The advantages of exporting include the competitive edge for high-quality, innovative U.S. goods and services; an increase in purchasing power in foreign markets resulting from a decline in the exchange rate; reduced dependence on the domestic market; stabilized seasonal market and sales fluctuations; and a reduction in trade barriers.
The U.S. Small Business Administration and other government agencies provide specific export counseling and training programs; will help you identify foreign markets; and can assist with export financing and credit insurance. SBA, the U.S Commerce Department and the U.S. Export Bank are co-located in many local communities at the one-stop U.S. Export Assistance Centers.
For more information on how SBA and our government partners can help you take your business global, go to www.sba.gov, www.export.gov or call 1-800-USA-TRADE.