Going global: Is your Ontario business export ready?
Expanding into a new market is a common way to grow a small business, but before you make the decision to start exporting, you need to ask yourself if your Ontario business is ready.
Exporting products can be complex and there is some risk involved. Businesses that jump in too early may jeopardize their current business activities. But, if you prepare for changes, you can improve your chances for success.
The first thing you can do is get a good understanding of the stability or accessibility of the markets you are interested in, and how you will finance your exporting strategy. You may also want to consider how you will handle deliveries, contracts, customs and foreign regulations.
There are a wide variety of resources available to help Ontario exporters enter new markets. If you are thinking about exporting, Ontario Exports can help you:
- Create an export marketing plan
- Develop an export strategy
- Evaluate potential suppliers and distributors
To see if they are ready to take the next step, potential exporters can also take advantage of one-on-one consultations by speaking with a member of A Team of Trade Specialists.
To learn more about exporting and international trade, check our Are you ready to export? section.