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Global Success - Through Your Initiative & Available Resources. Should you go global? - Type of Co. / Products / Objectives How will you do it? - Resources = people; products, patents, etc. What are the metrics? - Process? Tried before?. What Stops Businesses From Exporting?.

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Global Success - Through Your Initiative & Available Resources

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Global success through your initiative available resources

Global Success - Through Your Initiative & Available Resources

Should you go global?

- Type of Co. / Products / Objectives

How will you do it?

- Resources = people; products, patents, etc.

What are the metrics?

- Process? Tried before?


What stops businesses from exporting

What Stops Businesses From Exporting?

  • “About 1% of US companies export, but of those that do, 58% export to only one country. I think it indicates a lack of awareness of the opportunities to export.”

  • “Many companies may not know the language, customs, culture, law and logistical issues of exporting.”

  • NEI – Double US Exports by 2015.

  • Commerce Secretary Gary Locke – April 10, 2010 US


Confront your fears real or perceived with

Confront Your Fears (Real or Perceived) with . . .

  • Creative Strategies / Formulas - consult

  • New Ideas / Procedures – based on what?

  • Flexibility – listen . . . “meet in the middle?”

  • Step out of Routine – “get on a plane”

  • Accept Cultural Differences - (thinking, traditions, cultural routine, etc. – do not “Americanize”)


What resources are available

What Resources are Available?

  • U.S. Commercial Service:The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce's ITA (International Trade Administration).

  • Export-Import Bank: The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States.

  • The North Carolina District Export Council (DEC):Encourages exports that strengthen individual companies, stimulate economic growth, and create jobs. Coordinates activities with the North Carolina Export Assistance Centers and numerous trade assistance partners.


Global success through your initiative available resources

U.S. COMMERCIAL SERVICE

Making that first export can still be a daunting challenge for a small or medium sized business. USCS helps equip businesses with the knowledge and tools they need to meet that exporting challenge.

The U.S. Commercial Service helps companies enter new markets faster and more profitably with their worldwide network of 1,700 trade specialists located in more than 100 U.S. cities, and 150 offices in 77 countries, covering 96 percent of U.S. export markets.

They provide: - World class market research

- Trade events that promote your product to qualified buyers

- Introductions to qualified buyers and distributors

through (Gold Key Service)

- Counseling and advocacy through the export process


Global success through your initiative available resources

U.S. COMMERCIAL SERVICE

GOLD KEY SERVICE

THE PROCESS:

-Determining the Region/Market

-Contact Commercial Service representative in NC office who then contacts target area rep

-Send package (literature, pictures, samples, etc.)

-Target area Commercial Service Rep contacts potential distributors, agents, dealers, customers

-All interested contacts forwarded to you, for you to narrow down to best selection of potential choices

-Schedule trip to region, to visit best potential contacts, interviews (2 to 3 days)

-Make decision


Global success through your initiative available resources

U.S. COMMERCIAL SERVICE

GOLD KEY SERVICE

  • Benefits and Perks

  • - U.S. Government represents and promotes your company (“U.S. Made” label)

  • - U.S. Governmentprovides meeting place, often at U.S. Embassy

  • - U.S. Governmentprovideslanguage translator when needed

  • - U.S. Governmentprovidestransportation when needed

  • U.S. Governmentprovidesgovernment rate for accommodations

  • - Agency follow-up to assist in closing the deal

  • Long-term relationship with agency reps


Global success through your initiative available resources

U.S. COMMERCIAL SERVICE

GOLD KEY SERVICE

  • Benefits and Perks

  • - U.S. Government represents and promotes your company (“U.S. Made” label)

  • - U.S. Governmentprovides meeting place, often at U.S. Embassy

  • - U.S. Governmentprovideslanguage translator when needed

  • - U.S. Governmentprovidestransportation when needed

  • U.S. Governmentprovidesgovernment rate for accommodations

  • - Agency follow-up to assist in closing the deal

  • Long-term relationship with agency reps

  • COST: $750.00


Global success through your initiative available resources

EXPORT-IMPORT BANK

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States.

Mission - to assist in financing the export of U.S. goods and services to international markets.

Ex-Im Bank enables U.S. companies — large and small — to create export opportunities, with a goal of maintaining and creating U.S. jobs, contributing to a stronger national economy.

Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. They assume credit and country risks that the private sector is unable or unwilling to accept.

They also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.

Ex-Im Bank provides:Working capital guarantees (pre-export financing)

Export credit insurance

Loan guarantees

Direct loans (buyer financing)


Global success through your initiative available resources

EXPORT-IMPORT BANK

EXPORT CREDIT INSURANCE

THE PROCESS:

- Establish Customer & inform EX-IM Bank

- Set up “Receivable Requirements”

- Invoice Customer

- If customer violates terms of Receivables, document report to EX-IM Bank

- EX-IM Bank pays 95% of invoice / Not guaranteed twice, now cash-in-advance


Global success through your initiative available resources

EXPORT-IMPORT BANK

EXPORT CREDIT INSURANCE

THE PROCESS:

- Establish Customer & inform EX-IM Bank

- Set up “Receivable Requirements”

- Invoice Customer

- If customer violates terms of Receivables, document report to EX-IM Bank

- EX-IM Bank pays 95% of invoice / Not guaranteed twice, now cash-in-advance

COST: 0.75% of invoice

($75 per $10,000)


Global success through your initiative available resources

  • The North Carolina District Export Council:

  • Encourages export opportunities that strengthen individual companies

  • Volunteer time and expertise to educate and promote awareness of exports

  • Helps exporters in their local communities

  • Work with export U.S. assistance centers

  • Advocate for small & medium exporters


Global success through your initiative available resources

“Take the Initiative . . .

. . . MAKE YOUR FORMULA ! ! !

The Slade Formula for Global Expansion:

Gold Key Service (U.S. Commercial Service)

Customize your program to your product(s) or service

Export Credit Insurance (Ex-Im Bank)

Follow Up Process (Slade “Focus Formula”)

Preliminary review, Same day E-Package, 1st response follow up, mutually acknowledge process, etc


Realistically confront your fears objectives

Realistically Confront Your Fears / Objectives

  • Create within yourself the ability to discern what benefits or favors your objectives

  • Keep your Focus

  • You will – Meet Lots of People

    • Good, Bad & Ugly / $$$ / Be Careful !!!

  • Surround yourself with wise counselors

    and reliable contacts

  • Be Flexible yet Committed

  • Clearly understand your Goals


Global success through your initiative available resources

Questions & Answers


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