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Understanding how to mitigate the financial risks associated with exporting is a key part of your business planning.
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Understand the financial risks
There’s an element of risk whenever you do business overseas. However, the benefits of opening up new markets far outweigh the risks if you plan effectively.
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Not getting paid on time, currency fluctuations and changes in shipping rates are all potential financial pitfalls that could affect your export business. Having procedures and finance in place to see you through difficulties should be an essential part of your export planning.
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- attend UK Export Academy online events
- compare markets with Where to Export
- build your own online export plan
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