New Year, New Opportunities for Small Businesses in 2017

January 12, 2017

At the beginning of every January, individuals come up with New Year’s resolutions, but often times, they find themselves not following through on their promises within the first few months. And for small businesses, a New Year’s resolution could mean hitting the “refresh” button and/or finding new opportunities to take their business to new heights; but often times, small businesses fail to follow through on their plans.

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Facebook Helps Small Businesses become Exporters

December 29, 2016

In early September 2016, Facebook announced a program to help mom and pop shops grow their businesses by connecting them with buyers overseas. According to a September 8th article by Hayley Tsukayama in The Washington Post, “more than 60 percent of U.S. Facebook users are connected to at least one business outside the country, and more than a half-billion people outside the U.S are connected to a U.S. business on Facebook.” That’s a nice reach!

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Cover Up! 3 Currency Risks Every Small Business Exporter Must Consider

September 20, 2016

When you ink the contract with that new buyer in a foreign country, who takes the currency risk? Should it be the buyer, the bank or you? The answer will depend on the currency of exchange, your account terms and the strength of your negotiating position. A strong dollar could mean you losing out on business unless you can extend credit terms and possibly financing. Maybe it’s a 50/50 split between you and the buyer. Possibly your product and the “Made in America” brand are just too good to resist and you can demand U.S. Dollars or another hard currency.
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