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SBA Wants Small Businesses To Think About Exporting
Written by Jenna Weiner
The SBA is encouraging small businesses to consider exporting goods and services.
The U.S. Small Business Administration is encouraging small businesses to export goods and services, Colorado's KUSA-TV reports. Exporting, the station says, could provide small businesses with the opportunity to open up their sales to more than 96 percent of the consumers in the world.
"Only 5 percent of the world's population exists in the United States," SBA regional manager Dennis Chrisbaum told KUSA, "[and] increasingly there's more economic growth overseas." He added that when small businesses think about where their next customers come from, "increasingly that's going to be someone from outside the territory of the U.S."
Exporting may seem expensive and complicated, but Chrisbaum suggested it would actually help small businesses through economic difficulties, ensure growth and productivity, and drive job creation. However, he did warn the news station that small business owners should not jump in before securing the flexible capital required for such a significant business effort.
The recent announcement of the government's National Export Initiative was likely welcome news for small businesses looking to begin exporting. Earlier this month, President Barack Obama called on the U.S. to double its exports over the next five years.
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