Take Your Business Global in 2020
Saturday, March 14, 2020
When brainstorming how to grow your business in 2020, think big. Expand your plans beyond just your local community and consider selling goods or services internationally.
According to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are also 8.5 percent less likely to go out of business than non-exporting companies. What’s more, growth opportunities abound for exporters, since nearly 96 percent of consumers live outside the U.S., and two-thirds of the world’s purchasing power is in foreign countries. Ultimately, exporting can help small businesses – who make up 98 percent of all exporters – to increase profits, reduce market dependence and stabilize seasonal sales.