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Episode 4 - 3 Key Concepts of Import Export
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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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
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Similar to Import Export Made Easy
A bootstrappers podcast for founders, entrepreneurs, visionaries and dreamers who are building businesses from the ground up without the taking on debt or selling equity. Here we cover marketing, sales, organization and mindset issues that matter to you
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continue reading
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