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Exporting tends to be financially more demanding than selling within the UK. Consignments are usually larger, the lead times are longer, and the risks are more difficult to control.
Exporting can boost your turnover and reduce your dependence on UK-based customers. Moving into export is a big step its important you consider whether your business is ready for the challenge. This briefing tells you how to prepare for successful exporting. It covers: Assessing your export potential. Market research: finding out about your would-be markets. Selling, distributing and transporting your exports. Sorting out the paperwork and legalities.
Many businesses find that importing requires greater financial flexibility and reserves than buying from a UK supplier. Rather than buying on credit, you often need to commit finance well in advance of taking delivery.
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