Small and midsize companies produce half the nation’s economic output but account for just 30% of exports. Overall, just 1% of the nation’s 30 million companies export products, and 58% of those that do ship to only one country.
According to a Commerce survey, small businesses’ biggest concern is they simply don’t know how to identify and sell to overseas customers. That’s followed by worries that they won’t be able to get financing and won’t be paid by foreign buyers. Myriad other concerns include language and cultural barriers, shipping costs, theft of intellectual property, cross-border tax differences, and burdensome red tape.
Full article from USATODAY :