How your small business can win big with global markets — exporting made easier

Exporting was not part of the plan when Nicole Porterfield and Kim Good took over Farm Fresh Pet Foods in Edmonton.

“We spent a year figuring out who the right person was to talk to. Then we had to get that right person on the right day in the right mood,” Porterfield says. “Kim and I started to wonder if this was their elimination process to see how many would give up.” But while the potential of international expansion is clear — in a recent poll by the Royal Bank of Canada, 77 per cent of business owners of all sizes said that global trade has increased their revenues — so are the barriers for entrepreneurs.

For all that, says Pierre Cléroux, vice-president, research and chief economist at the Business Development Bank of Canada, there are strong arguments for pursuing exports. “Statistically, businesses who export perform better than other businesses in terms of revenue and profit growth,” he says. In May, for example, both EDC and TCS are participating in a program called the “Canadian Export Challenge.” Organized by Startup Canada, it offers entrepreneurs the chance to apply for a cohort of like-minded businesses, which are then connected to potential partners, updated on trade missions and market intelligence.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Report on Small Business Newsletter: Top takeaways for private companies on the federal budgetReport on Small Business Newsletter: Top takeaways for private companies on the federal budget GlobeSmallBiz
Source: globeandmail - 🏆 5. / 92 Read more »

Federal budget 2019: Ottawa to lift cap on small business income tax creditUnder the current rules, the government claws back the value of the credits when companies earn more than $500,000 per year and phases it out completely when they earn more than $800,000
Source: globeandmail - 🏆 5. / 92 Read more »

Saudi Aramco building global gas business to cut carbon footprintWorld’s biggest oil producer says it is building ‘an energy bridge’ between Saudi Arabia and China
Source: globeandmail - 🏆 5. / 92 Read more »