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Nothing to Stop You from Going Global Now

There is real business in doing business outside of the United States, a fact that many small and medium businesses often overlook.

Written By: Howard Keating
There is real business in doing business outside of the United States, a fact that many small and medium businesses often overlook. With a little research, you'll find that going global is easy, rewarding and profitable. It can, at times, be less risky than doing business in your own backyard.

Think of the economic impact you can enjoy in the global marketplace: increased sales and a built-in diversification "safety net." In addition, increased international trade by companies like yours could actually help reduce the U.S. trade deficit.

Consider these facts:
Only four percent of U.S. companies export goods and services. In contrast, the majority of European and Asian firms and companies routinely export products and services.

Money is available to finance exports, and qualified companies can obtain insurance that will guarantee 90 percent or more of each invoice.

Doing business internationally is a great way to diversify your company, balance your product line, and reduce your risk to conduct business by expanding your economic regions.

A host of resources exist to inform, encourage and assist international trade. Knowing where to look is the key. On November 14, these resources gathered in Washington, D.C. in the nation's first-ever public summit to provide guidance and discuss programs that can help you and others navigate global waters. Panel participants included representatives of the U.S. Department of Commerce and the Department of State, along with the Export-Import Bank of the United States, OPIC (Overseas Private Investment Corporation) and several businesses involved in helping businesses grow internationally.

The uniqueness of this Global Export Summit is that we had the good fortune of bringing big business, government and education together to discuss the resources and best solutions for small/medium businesses as it relates to exporting. We tore down the barriers among us and discussed the optimal solutions for exporting as one entity with the common denominator of wanting to help small/medium businesses grow and prosper.

Small and medium businesses are the world's research and development network and the drivers of economies at the local, national and international level. You are the risk takers and the innovators, and you represent the future. It's time that more aggressive strategies are used to help businesses like yours capitalize on international opportunities. The organizations and government agencies that gathered in D.C. are helping you do just that.

The time is now. Opportunities are here for you to learn how to easily participate on a global stage, where and what money is available, and how to define success on a whole new level. The cultural, political, geographic and economic concerns are all clearly manageable. It's time to step outside of your comfort zone and begin to fast forward your business today. You can improve your business, help your family, and make a lasting impact on the world.

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