Import, Export and International Trade


by Gen Wright - Date: 2008-11-09 - Word Count: 460 Share This!

When it comes to the import export business world and international trade, there are some things that can give you an edge. One of these is having a time machine. Not a literal time machine, but a time machine mentality.

With this you can travel (in your mind) to the past, back to the present, and even peek at the future. This ability will let you stay one move ahead of the competition. And with the global marketplace expanding all the time and becoming more and more important, anything you can do to stay one step ahead of your competitors will help you survive and thrive.

Learn from History

It was once said that those who don't know history are doomed to repeat it. When it comes to international trade, as with almost anything else, this is very true. A smart business man will read about the past to be able to know how his company or industry got to where it is.

This doesn't mean you have to memorize every date and detail, but you should try to understand where your industry began and what happened to it over the years, shaping it. Knowing the history of international trade from ancient times to even the 20th century is a great way to have an edge over others competing for your business, competing for your customers.

Stay Current

Beyond being well versed in the past, it's important for a modern business man to stay current with International trade laws and other things that could affect his import export business. With technology, it's easier than ever to stay current with what's going on in whatever industry you're in. If you're good at this, you can have an advantage over others.

To keep your edge, make sure you stay on top of all the latest technology that can help you refine the flow of information that you receive to stay on top of things. This doesn't mean you should waste money on every new gadget or toy that comes out, but you should be able to recognize new technologies or devices that can give you an edge in the global marketplace.

Predict the Future

No one can accurately predict the future of international trade or anything else for that matter. If you've done your homework, though, you can make very educated guesses about where things are going. With this knowledge, you can become one of the early adopters, something that will ensure you get your piece of the pie.

The Import Export business is a constantly changing business. There are patterns, though. There are indicators of where things have been and where they might be going. Being able to tap into these intangible things will make you a much better businessman.


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