Unlocking Global Success Small Business Export Opportunities
01 May 2024
Unlocking Global Success Small Business Export Opportunities
Unlock the potential of your small business this World Trade Month by venturing into the global market. Surprisingly, small businesses dominate exports, comprising 97% of the market, as revealed by a recent report from the U.S. Small Business Administration's Office of Advocacy. The vast opportunities of international sales await, with around three-quarters of the world's purchasing power situated beyond U.S. borders, according to the U.S. Department of Commerce's International Trade Administration.
Venturing into global trade offers a myriad of benefits, including increased profits, expanded economic presence, accelerated growth rates, enhanced employment opportunities, and reduced reliance on a single market. It's evident: small businesses that engage in exports outperform their domestic counterparts.
This World Trade Month, seize the chance to explore resources and programs offered by the SBA to facilitate your business's global expansion. Begin your journey with the SBA Office of International Trade (OIT), your gateway to a plethora of tools, services, and counseling. Connect with Export Finance Managers to secure necessary capital, leveraging the SBA's guarantee that supported over $1.3 billion in export sales last year.
Additionally, tap into the expertise of U.S. Export Assistance Centers (USEACs) nationwide, offering invaluable guidance on navigating the exporting process. Take advantage of the State Trade Expansion Program (STEP), which empowers small businesses with grants, international marketing strategies, participation in trade shows, and more.
Join the ranks of businesses contributing to the nation's economy through exports. Embrace the opportunity to expand globally this World Trade Month.