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6 Primary Causes For Import Export Business Failures

If you want to open up your potential earnings market and live the life you have always dreamed of, then starting your own import export business may be the answer. However, most businesses fail in the first year, and this field is no exception. There are many factors at play which lead to failure. Of the most common, all are linked through good old-fashioned laziness. Not having a head for smart business on your shoulders will lead you down some pretty unsavory paths and ensure the failure of your company. But just what paths guarantee your derailing? Committing to an unproven product. Before you commit to things such as pricing and inventory, you better make certain that there is a market where you are for that product. If exporting, you want to make sure that the target area understands the product, and above all, that your over and under is financially favorable. Too many people grow eager with the possibilities and venture out into untested waters without any of the essential legw...

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...

Career in Business Administration in The Import and Export Industry

Gone are the days when most of the businesses were one-man army. The owner would keep himself busy looking after most of the business affairs and stay content with doing that only. He was happy to have a strong control on his business activities and smooth operations; expansion was a slow and unintended process. Business Administration and Import / Export were not the common terms. This is not the case today. Businessmen or businesswomen today are smarter and faster than before. They do not just set off on their journeys without deciding about the destination first. They set targets and chase them with all their might. They do not believe in doing things themselves but have faith in delegating responsibilities and believe in getting works done, in stead. This is where the new roles for Business Administrators emerge. In current ever growing business environment, there is a great demand of efficient trained Business Administration experts and personnel who can look after day to day busi...