Since last year the Obama admin­is­tra­tion has been pushing small busi­nesses to ven­ture into global mar­kets, part of an ambi­tious goal to double U.S. exports by 2014. For small busi­nesses strug­gling to find new cus­tomers domes­ti­cally, mar­kets out­side the United States may be a better bet now, with a weak dollar making exports a good deal for for­eign cus­tomers. Yet only about one per­cent of small busi­nesses export, says Fred Hochberg, chairman and pres­i­dent of the Export-​​Import Bank of the U.S., the Nation’s export credit agency, which pro­vides loan guar­an­tees and insur­ance for exporters. The per­centage is low because exporting can be com­pli­cated. Small busi­nesses must nav­i­gate inter­na­tional tar­iffs, reg­u­la­tory agen­cies, lan­guage bar­riers and take the risk—especially in less stable countries—of simply not get­ting paid.

Read the article at →