Small Business Finance News

Crossing Borders With A Small Business

Written by Jenna Weiner
Published: 5/9/2011

The benefits far outweigh the risks of exporting for small businesses.

Selling products overseas may seem burdensome for small businesses, however, exports are an often overlooked element to entrepreneurial growth and success.

Small Business Crossing Borders

As many as 800 entrepreneurs from 30 countries will converge for the Futurallia conference on May 18-20 in Kansas City, Missouri, to discuss breaking small business news and issues that are central to a company's success, including exportation.

Once considered only an option for larger firms, global exporting has now become a profitable endeavor for small businesses as well. Census data shows that 280,000 U.S. companies currently export - with two-thirds of those comprising of corporations with 20 employees or less, the Fox News Small Business Center reports.

Additionally, 95 percent of the world's customers - and more than 70 percent of its purchasing power - is located outside of the U.S. This not only means an expanded opportunity for profit, but overseas business can weather challenging domestic economic conditions. Companies with a global presence withstood the recession better than companies that didn't export globally, Karen Kurek of consulting firm RSM McGladrey, tells the news source.

According to the Futurallia homepage, the conference will feature one-on-one meetings with other small business professionals, tons of networking, qualified group meetings with businesses in a variety of sectors and education in global business.  

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