We all travel to foreign countries to seek orders, meet customers, or sometimes to do market-feasible studies. However, the reality is that in case we do not prepare properly, our chances of success are very remote. The phrase " Amat Victoria Curam " simply means that victory favors only those who take pains. In another word, to be victorious, you need to prepare properly. Since our school days we know that success entails a lot of preparation and sacrifice. I always encourage my fellow exporters to do their homework properly before entering any new markets. Export business indeed involves a higher range of complexities and risks that require careful planning to succeed. Here are 5 reasons why anyone would in export trade needs a lot of planning & meticulous execution :

Cultural Differences:When you export products to foreign countries, you will be dealing with people from different cultures. These differences may affect the way you conduct your business, such as communication styles, business etiquette, and even negotiation techniques. The way Europeans work and Japanese work is very different!

Legal Requirements: Each country has its unique set of regulations and legal requirements when it comes to importing goods. Non-compliance with these regulations can lead to hefty fines and even cargo csn be seized . To avoid such issues, you need to understand the regulations of the countries you wish to export to and plan accordingly.

Logistics: Exporting goods requires careful planning of logistics, including packaging, transportation, and documentation. You need to ensure that the products arrive at their destination in good condition, within the required time frame, and without any logistical issues.

Financing: I see many videos that encourage people to start export with virtually no money . Don't ever believe in such consultants or coaches that tell you that export business can be done without money. The reality is that export businesses require a significant amount of investment in terms of research , market visits , sampling , logistics, advertising, and many other expenses. You need to properly plan your finances and identify potential sources of funding to ensure that your business operates smoothly.

Competition: The international market is highly competitive, and you need to plan to stand out in the market place . You need to conduct market research, understand your target audience, and develop strategies to differentiate yourself from your competitors.

In conclusion, international business requires extensive planning to overcome the complexities and risks associated with it. As we always say in Latin “Amat Victoria Curram"#AmatVictoriaCuram #logistics #legal #communication #communication #exportimport #business #travel #people #transportation #advertising #money #planning #compliance #funding #packaging #investment #success #consultants #markets #legalissues #marketresearch #finances #exportimport #exporters #work #research