Insights, Ideas, Results
When it comes to importing goods into the United States, navigating the complex web of customs regulations is a crucial step for any importer. One key component of this process is the Importer Security Filing (ISF), a mandatory requirement aimed at enhancing national security. Many importers wonder: can you file an ISF yourself? The short answer is yes but it’s important to understand the ins and outs of filing an ISF independently and get guidance on the best way to approach the process.
Businesses today are more connected globally than ever before. A product is manufactured in one continent, bought by another, and sold to a third. This is how a typical supply chain works today. However, vendors and consumers need to develop mutual trust for the chain to run smoothly. This is where international credit reports show their benefits. Before you start working with a new supplier or vendor, check Command Credit for obtaining international credit reports to manage your risk. Although the advantages of an international credit report are self-explanatory, the following are some hidden ones.
Globalization in the last decade has allowed even small businesses to find customers outside of their home country and expand their business internationally. There are large number of companies that provide services such as shipping and logistics, payment, taxation, etc. you need to expand your business in other countries. As a business owner you don’t need to know all the details nor do you have to provide these services yourself. The external companies that specialize in these areas can handle these tasks for a fee.
While you can tap into their expertise it behooves you to do the homework to make sure that you don’t fall prey to bad actors. So, what do you need to consider when expanding your business internationally with the help of external service providers?
Foreign exchange (Forex) trading is a multi-billion dollar business that is conducted round the clock throughout the world. Ye very few people really know much about it. It is less known and understood compared to its cousins such as stock and bond trading. However, Forex trading an be very lucrative and can serve multiple purpose in your business. Before you jump into it, though you should make sure to educate yourself and understand the nuances. You can start by looking at some of the common questions associated with forex trading as discussed below.
As consumers at large are more comfortable than ever shopping online, the concept of going international is becoming less and less of a pipe dream for digital brands. Meanwhile, the growing global economy worth tens of trillions of dollars is a potential goldmine for businesses who can cover multiple territories.
Whether it’s someone working abroad in the United States to send remittance to South America or American expats living in Southeast Asia, the possibilities are potentially endless when it comes to how diverse any given market can be. This spells good news for businesses who can equip themselves to hone in on new target markets and expand into territories where competition is scarce.
That said, online businesses do need to tread lightly when it comes to doing business in a new region or market. After all, expansion can be the silent killer of would-be success stories that try to go through the process too quickly
As such, we’ve broken down four distinct expansion tips for online business owners who are mulling over the idea of entering a new market.
If you run a small to medium sized business (SME) you probably already feel like you’re trying to keep a million plates spinning at once – add international trading in to this and ensuring none of them fall can seem like impossibility. When you take the step to begin trading across borders, it’s understandable to feel like you’re exposing your business to a lot of risk: what the laws of your country may protect your business against, the laws in the company you are trading with may not. Thankfully, banks such as HSBC offer a number of services, from business credit cards to important export services, designed to support SMEs as they grow their business abroad. Let’s look at those services and how they could benefit your business.
[Read more…]
