Cross Borders Blog
Grow your customers and revenues through export markets – Are You Ready?
Posted on 09/24/2013
Did you know:
Yes, it is a fact that your product or service is in high demand by other countries and global foreign markets. It is well known today, that as developing nations grow and prosper, their consumers are demanding high quality, innovative products developed and manufactured in the United States and other advanced economies. Is your company ready to compete and benefit by reaching new markets through exports?
- According to the Small Business Administration, small businesses have generated the majority of net new jobs over the past decade. Less than one percent of America’s 30 million companies export – a percentage that is significantly lower than all other developed countries. And of U.S. companies that do export, 58 percent export to only one country. Many businesses could benefit from gaining access to growing international opportunities. Cross Border Advisory Services, LLC is uniquely positioned to assist your business to enter and expand into global markets.expand internationally.
- So why export? According to a study published by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly 8.5 percent less likely to go out of business than non-exporting companies. Increasing access to additional markets can lower product development and manufacturing costs by increasing economies of scale. Moreover, global competitors are entering the home markets of US businesses at faster rates, challenging their market share levels and impacting financial performance. Reaching new markets is an imperative for sustaining the long term viability of your business. Tapping into export markets can grow your customer base, mitigate risk and diversify sources of revenue to offset declining or stagnant local markets and economic downturns.
< Back to Blog
- Cross Border Partners Advisory Services, LLC is your trusted partner to assist your business in navigating the complexities of global market expansion. Learn more at www.crossborderpartners.com
Leave a Reply