7 Most Common Behaviors That Derail Your Import Export Business
Many people are quick to point out the difficulties of starting your own business. A favorite statistic of the naysayers is that most businesses fail within the first year of operation. While this is very true, most of the time the failures could be avoided if proper steps are taken ahead of time to understand the potential pitfalls, which lead to disaster. Nowhere is this more true than in the export import market. In fact, this industry has its own particular set of common behaviors that are guaranteed to ensure failure. Know what they are, do your best to do the opposite, and before you know it, you will be sitting at the top of a success, proving all those naysayers wrong. A lack of understanding for other cultures. Knowing what kind of country you’re dealing with is important in so many ways. Not only should you know the economic climate and the need for the product in question (when exporting), but you should also know what materials they are popular for and what a good pric...