Still unsure? Remember that two-thirds of the exporting effort is done from home. Business plan template Are you ready to go global?
Make sure you understand the intellectual property IP rights of your target market, as well as the level of IP protection or enforcement you'll have while operating. It will help them to understand your firm and to determine where they can make the best contribution to your organization.
Serious about exporting? Please be candid in answering the questions. Conduct an assessment for each of your target markets or market types since different markets will require you to modify your approach.
To receive feedback on your answers, you will first need to select an export market or market type since different factors are important depending on the particular type of market chosen. Consider everything: language and cultural issues, the challenges of different monetary systems, legal and tax implications, developing sources of financing, the need for careful research into new market opportunities, and measures to ensure the protection of your intellectual property.
Expectations: Does your firm have clear and achievable export objectives? Be risk aware. You have the option to change some of your responses or select a different market type and then see how the overall assessment of your export readiness changes.