|©Women Entrepreneurs Grow Global™. Used with permission.|
What am I [Laurel Delaney] most passionate about? Helping entrepreneurs and business owners expand their businesses internationally. In particular, I want to see more women business owners move into this territory — outside their comfort zone and into the world of business.
Based on experience, I knew that women who run businesses are less likely to trade internationally than those owned by men. I wanted to change the landscape for women from being risk-averse to having confidence to go for it—with the appropriate support. And that’s how wegg® [Women Entrepreneurs Grow Global™] was born, which I’ll tell you more about in a bit.
Read more about how wegg is the secret sauce to getting more women to export.
Everything we do today is potentially relevant to consumers anywhere in the world, provided they understand what we are doing. So if that is the case, how do we sell to the world? Here’s an example of how the journey to exporting or launching an export business begins.
Published: February 27, 2019 Updated: February 27, 2019
Written in cooperation with Lani Tito, Export Administration Specialist, Bureau of Industry and Security, Department of Commerce
Even though we know small businesses that export grow faster, add jobs faster, pay higher wages, and have better long-term financial success, we sometimes find that small businesses with export potential are slow to pursue these opportunities because they do not understand the rules of the game and are not sure where to turn.
Are there U.S. laws or regulations to review? Is an export license necessary? Are there any restrictions on selling to any people or places?
Rather than risk doing something wrong, they forgo an export sale or shy away from potentially lucrative business opportunities.
To address these concerns, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) recently launched a new Small Business Webpage full of numerous, useful online resources.
The webpage provides an introduction to the requirements of the Export Administration Regulations (EAR), and features a new BIS training video “Export Controls: A Quick Start Guide,” with basic information a potential exporter may need to get started with the EAR.
Other training videos are also now available on the BIS Online Training Room. Check out “Export Controls: Classifying your Item” to learn more about Export Control Classification Numbers (ECCNs) and the meaning of EAR99.
Visit the Export Controls Basics page for the following brochures: Introduction to the Commerce Department’s Export Controls, How to Determine an Export Control Classification Number, and Frequently Asked Questions to Export Licensing Requirements.
The Small Business page also provides a direct and easy way for small companies, individuals, and those new to export-controls, to contact one of BIS’s regulatory counselors for assistance.
Here are a few more resources for those of you looking to grow your business through international sales:
To assess your current export readiness, check out these Export Readiness Assessment Tools.
Need help with your export business planning or assistance finding export financing solutions? Contact your local Small Business Development Center (SBDC).
You can also visit https://www.export.gov/How-to-Export for videos with tips to getting started and links to other resources available to small business exporters and those aspiring to sell products and services overseas.
Tap into these great resources to start or expand your global market footprint.
About the Author:
David Glaccum is the Associate Administrator for SBA’s Office of International Trade