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MenuHow to trade internationally when you don't have access to the necessary capital?
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I would present to the retailer that it would be safer for him to do the transaction through your company as you will act as a trustee / escrow (and of course you really need to do it - meaning you pay a deposit, pay more when you getting confirmation that the products are on the ship/airplane and then the last amount once the products have arrived at the retailer).
There are a few other options which I'd be happy to advise you on.
Good luck
I've successfully helped over 380 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Once a business is running successfully in a domestic market, it is common for entrepreneurs to expand abroad to attract new potential customers. There are many benefits of moving your business into global markets, including new opportunities for growth and sales, and the opportunity to make your business more competitive in your industry. Make sure to build your network and use it to develop your ideas or to source ideas from». As this relationship grows, consider whether they will make for a good partner in your expansion, or if they will serve more as mentor, helping you learn how to do business abroad. These relationships will be key when you make the final jump. With a market-research firm, you will be able to decide whether your business will be well received in that area and whether there is a market for your services and products at all. In addition to culture, language barriers can make it challenging to effectively communicate while positioning yourself as an industry leader. Learning the language is the best way to overcome this barrier. Use this interactive language map to determine which language is most spoken in the region you are targeting and how long it will take you to learn it. For example, German is the most spoken language in Germany, Austria, Switzerland, and Belgium, and takes approximately 8 months to learn when studying five days a week. Put a plan in place to learn the language early on so you are ready when business starts moving forward. Get them on board by asking about their ideas for communication, customer acquisition, marketing and more. These are just some of the steps you will need to take when expanding your business internationally. If you go into expansion with the right boxes checked, you will be more successful in the long run.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
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How can I move money into my corporation?
It really depends under which legal jurisdiction you are. The tax laws are very different in each country. Very generally speaking, every income needs to be accounted for, but what you could do is transfer the money to your corporate account and register it as a founder's loan to the company (which may or may not be paid back to you in the future). You just need to take into account that you still may need to report the source of the income (even if you didn't have a company then) and pay taxes for it (if applicable in your case - again, it depends where you located, how you're registered with the tax authorities, and what the amount is). * Disclaimer: the above should not be seen as legal or tax advice as this is impossible to give without knowing all the details. You should always consult with an accountant or lawyer. I can try connect you with one if you let me know your location and budget. Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-davidAB
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How do I get $500k - $1m in capital for marketing expenses for 3-6 months?
If your looking for financing and not wanting to give up equity you could try to get venture debt. Check out Hercules http://www.htgc.com/ and their competitors these companies can provide big loans. Be ready to provide a lot of info on your company and your financial health. Be aware these companies exist to make money so make sure you end up with payments you can handle. You'll also have loan covenants which will outline certain financial performance metric you'll need to hit. If you miss covenants your loan terms will change for the worse and it can even end up with bank taking control of your company. Obviously a worst case scenario, but you need to be aware and make sure you are very comfortable with the covenants you agree to. - mikeMW
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