Asking The Hard Questions For The Success Of Your Import Export Business

Asking The Hard Questions For The Success Of Your Import Export Business

No one wants to fail, but the hard truth is that most import export businesses fail within a year of launch. This is no less true for other industries. Running your own business is hard, especially if you are the person doing every single thing from paying taxes to managing inventory and ensuring delivery. While the dream of working independently and forging your own path is attractive-and completely worth it if you can pull it off-it is not without hardship. Before determining whether you are the type of person who can be successful at it, be ready to ask and, honestly, answer the following questions: Are you physically prepared for the challenges? If you have a tough time dealing with stress related physical issues, then you'd best be prepared for launching and that first year of operation. When it is your time and your money on the line, there is no one there to save you. No safety net to catch you if you fall. It's natural to be fearful, but if the fear controls you, instead of the other way around, then prepare to fail.Are you a "people person"? If striking out on your own is attractive to you, then by all means give it a shot. Just don't assume that you have free reign to do what you want, when you want, without fear of repercussions. A wise man once said, "When I worked for a company, I had one boss. When I worked for myself, everyone was my boss." While there is quite a bit more freedom of time, you can't afford to let your customer service skills go on a permanent holiday. You will need them every day of operation, whether dealing with vendors or customers. Are your research skills all they should be? If you dismissed research as nonsense in school, then you're probably not the type of person, who should be journeying forth into the world of export import. Without solid research, you won't be able to pick profitable product for either purpose, and your profit margin will likely turn into a debit. Are you aware of "the worst that could happen," and is that something you're mentally prepared to deal with? In all fairness to worriers everywhere, "the worst that could happen" is a scary thing. But what's comforting is the fact that that rarely happens. If you set in your mind what the worst is, then every day that you don't experience it is a success, and before you know it, a whole string of successes will turn in to a level of it that you never thought possible. Remember, success and riches do not happen overnight. Most are years in the making. If you're patient, prepared, and hard-working, you're well on your way.

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