| Approaches to Importing/Exporting By Tekle Sebhatu The approach your company pursues to its import/export operation depends on host of factors. With several approaches available, choosing the best for your company can be a daunting task. When selecting a specific approach companies should carefully evaluate management commitment, available resources, competition, nature of transaction anticipated and employee know how of import/export business. Before selecting the best approach for your company answer the following questions, it will help your decision process to be less painful
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Essentials To Export/Import Success By Tekle Sebhatu Starting and managing an export/import business requires: 1) Careful planning with solid foundation to reach the company’s goal; 2) Commitment and sacrifice to overcome obstacles; 3) Knowledge of basic management skills and including government regulations; 4) Establishing a good relationship with buyers and suppliers. There is no question that operating an import/export business is inevitably more complicated and risky than operating business in the domestic markets. Nevertheless, experiences gained in the domestic business could help jump start an export/import operation and it can be a logical expansion of the company’s domestic business activities.
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Small and Medium Enterprises (SME) Making Export/Import Decisions By Tekle Sebhatu There is no question that internationalization of markets is becoming increasingly
important to the growth of Small and Medium Enterprises (SME) and their countries as these enterprises globalize their businesses and become “the main engine of economic growth” in their countries. Globalization has a direct impact on SME. The success of SME’s is directly related to jobs created that helps stimulate the economic growth of a country.
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How to Use and Select Import Agents and Customs Brokers By Tekle Sebhatu
Selecting a talented import agent can be the key in helping a company advance its import operation. Companies most often have two options when importing products 1) hire an import agent (indirect channel) or 2) importing directly from the supplier or produce of the product (direct channel). For most companies especially small for all purposes option number one is the most preferred.
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Preventing Fraud When Sourcing From Overseas By Tekle Sebhatu
As national boundaries become more permeable to trade and investments so is fraudulent activities. In the old days scammers used to meet face-to-face with people they want to prey. Welcome to globalization! Now, modern technology (digital world) has allowed con artistes to globalize and to become more sophisticated using e-mail, message board and chat rooms to effectively con individuals and businesses. A con artist can be anywhere-anytime and he or she is just a click away from his ‘mark” a language used by con artists to identify a victim. Anonymity, ease of promotion and reach on global scale that technology offers are contributing to con artists rapid expansion.
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