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 floorsPosted by: Laurel Delaney, The Global Small Business Blog
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