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Episode 4 - 3 Key Concepts of Import Export
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Manage episode 218208051 series 2423277
Content provided by Lance Scoular ✴🌐. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lance Scoular ✴🌐 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The three key concepts in Import Export are three words: RISK NEGOTIATION SYSTEMS 1 – RISK 6 Major Areas of RISK to avoid in International Trade. 1. Identify Your Risks Use the CASTLE Strategy to minimise your RISK in International Trade The Powerful acronym – CASTLE C-A-S-T-L-E: Credit risk Assignment risk Supply risk Transport risk Legal risk Exchange risk 2. Ascertain Control Measures you can adopt 3. Mitigate your Risk by Putting the Control Measures into action 2 - NEGOTIATION. Negotiation is a Key Foundation for successful Importing & Exporting 1. Research in preparation for your Negotiation 2. Plan your strategies before negotiation 3. Implement your negotiation 3 – SYSTEMS Developing efficient Systems is critical for your Import/Export Business 1. Determine the procedures and processes required for your project 2. List the required documents 3. Establish your own SYSTEMs and a TEAM to implement them.
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5 episodes
M4A•Episode home
Manage episode 218208051 series 2423277
Content provided by Lance Scoular ✴🌐. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lance Scoular ✴🌐 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The three key concepts in Import Export are three words: RISK NEGOTIATION SYSTEMS 1 – RISK 6 Major Areas of RISK to avoid in International Trade. 1. Identify Your Risks Use the CASTLE Strategy to minimise your RISK in International Trade The Powerful acronym – CASTLE C-A-S-T-L-E: Credit risk Assignment risk Supply risk Transport risk Legal risk Exchange risk 2. Ascertain Control Measures you can adopt 3. Mitigate your Risk by Putting the Control Measures into action 2 - NEGOTIATION. Negotiation is a Key Foundation for successful Importing & Exporting 1. Research in preparation for your Negotiation 2. Plan your strategies before negotiation 3. Implement your negotiation 3 – SYSTEMS Developing efficient Systems is critical for your Import/Export Business 1. Determine the procedures and processes required for your project 2. List the required documents 3. Establish your own SYSTEMs and a TEAM to implement them.
…
continue reading
5 episodes
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