How to set your business up for export success: An effective strategy
If you have plans to expand internationally, it is important to ensure that you are set up for success. An effective export strategy is key for every business considering going global. Whether you’re already exporting your products or services, part of an export-related supply chain, looking to expand overseas, or a business in emerging and frontier markets.
There are five key steps that Export Finance Australia has identified as key when setting up your business to export:
Shaping your export strategy
While your strategy doesn’t need to be complicated, it should be comprehensive. At a minimum, your strategy should cover the following:
Managing your finances to make more possible
Your financial status is a fundamental factor in achieving export success.
Regardless of the sector you operate within, it is likely you may require help with finance to support your international growth journey. It is important to understand the different finance solutions available for you.
Having your export strategy in place will be a useful tool in identifying what financial help you may need.
Whether it is to support expansion overseas, fulfilling international orders or to accommodate fast growth due to international opportunities, if your bank is unable to help, it is important to understand where you can acquire alternative sources of finance if needed.
Export Finance Australia, could provide a range of finance options, including unsecured and direct loans, bonds to secure export-related projects, and guarantees to secure bank finance.
If you would like information on whether exporting is right for your business, insights on entering a new market, or steps on how to manage export risks, you can access Export Finance Australia’s free resources here.
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