The import/export business, buying a product in one country and selling it in another, requires understanding and managing numerous complex tasks - from finding the best product for the market to untangling reams of government regulations. This guide is designed to show entrepreneurs how to get started and prosper in the growing global market. It explains about choosing an appropriate product, targeting a market, preparing a business plan, and navigating the sea of regulations and tax laws.
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Foreign trade is a billion dollar business in the United States --and growing. This easy-to-follow guide to starting and building a successful import or export business is packed with invaluable insights and practical advice on tapping into the lucrative global markets. Covering all the bases, from start-up considerations and operational procedures to marketing techniques and trade agreements, this completely updated and expanded edition of Building an Import/Export Business provides essential details on: Determining whether the import/export business is right for you --twenty key questions you should answer before diving in Setting up your business --opening a bank account, establishing your office, obtaining financing, setting up an accounting system Finding buyers --proven strategies to pinpoint your target market Understanding money matters --methods of payment in international trade, export credit and credit insurance, foreign currency transactions Handling documentation --commercial, banking, transportation, insurance, and government formalities documents Taking advantage of trade pacts --GATT, WTO, NAFTA, FTAA
KENNETH D. WEISS is the owner of Plans and Solutions, a corporation that helps importers, exporters, and other firms with business planning, marketing, analysis, and contacts. He holds an MBA from Stanford University and has been an importer and exporter, lecturer on international trade, and consultant to numerous private firms and government organizations.
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