March 20, 2010

Up, Up, and Away on Exports!

Biggest hiccup for SMBs on exporting? It used to be finding customers. Now, it's getting paid.

Read John Tozzi's excellent article over at BusinessWeek:
Other business owners might sour on exporting after what happened to David Old. His company (Old Wood LLC), a 15-employee wood flooring producer (pictured) in Las Vegas, N.M., had completed a $130,000 order for a new theater floor for a customer in Seoul, South Korea, in 2008. The buyer paid a deposit up front, passed a credit check, and made the first two payments on time. But the final payment of $40,000, due after the financial crisis began that fall, never arrived.

The Biggest Roadblock to Upping Exports

Photo credit: Douglas Fir floors

Posted by: Laurel Delaney, The Global Small Business Blog

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