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DARILYN AQUINO
My mission is to help you reach the next level with your life and business.
What You Need To Know In
Order To Have A Profitable
Business
July 4, 2017
Survival Kit for Entrepreneurs
November 5, 2016
Does My Company Have What
It Needs to Be Expanded
Internationally?
March 14, 2015
Top 3 Mistakes Newbie
Entrepreneurs Make and Their
Solutions
October 28, 2014
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Joint Venture: Business
Agreement for International
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September 28, 2014
Key Steps to Not Fail in the
Internationalization of Your
Company
September 1, 2014
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Mother, blogger, Entrepreneur, Author, Juris Doctor Degree in Law, Master´s Degree in International Law
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THE BLOG BUSINESS SMALL-BUSINESS-SUCCESS-STORIES POTENTIAL
Does My Company Have What It Needs to Be
Expanded Internationally?
For the export to be successful we should obtain a realistic response to the
questions that will help us to assess the real situation of the company and
whether if the company has a real export potential and capacity.
By DARILYN AQUINO, Contributor
My mission is to help you reach the next level with your life and business.
Jan 12, 2015, 03:14 PM EST | Updated Mar 14, 2015
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted
freely to our site. If you need to flag this entry as abusive, send us an email.
RELATED
BUSINESS SMALL-BUSINESS-SUCCESS-STORIES POTENTIAL BUSINESS STRATEGY PRODUCTS
GO TO HOMEPAGE
In the current economic crisis, small and medium enterprises (SME's) see the export market
as a way to improve their business, without having first a thoughtful and meditated plan.
Nevertheless, for the export to be successful we should obtain a realistic response to the
questions that will help us to assess the real situation of the company and whether if the
company has a real export potential and capacity. These questions are:
1. Do I really have the needed funding?
All the actions that you may have to conduct before the export have a high economic cost.
In the export plan, you must establish if you really account with the necessary funding,
including a financial cushion for unforeseen events.
2. Is my service or product competitive in quality and price?
You should be really sure about whether your service or product has a competitive
advantage in quality and price in relation to other companies in the export market. In the
event that your product or service reaches a higher level than the competition and
differentiates with prices at the best possible cost to be able to compete with the
international offer, if so, you can continue with the approach of the export potential of your
company.
3. Are the personnel of your business qualified in foreign trade?
Do you have qualified staff or a department in foreign trade and do you have managers
prepared for the internationalization of the company? If your answer is negative, it is
recommended to train your staff on foreign trade, keeping in mind that it´s also important
for your staff to have a clear expansion vision and good language skills.
4. Is my company prepared to meet an increase in demand?
Expanding to a new market means there is an expectation of an increase in demand that
must be faced by the company. Analyze which is the best production starting point that will
allow you to meet the sales in this new market, your company must be prepared to deal
with an increase in demand.
Therefore, your company will have a clear export potential if you have prices at the best
cost to be able to compete with the international offer, if your products or services have a
superior quality, being able to meet all the demanded quantities in anticipation of stock
existence, counting on with qualified staff in foreign trade with a clear expansion vision.
DARILYN AQUINO, Contributor
My mission is to help you reach the next level with your life and business.
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