How To Get Help Growing Your Business

Monday, March 1, 2010

BSS = 8s 0% HY iygpome "42+ 4498 WIA 2 Busi ess. yoy InlerimSysim_ 14 bo TS Molteluon wa a ay 2 MackelFacis 1m Ne V Marsh -f iv - How To Get Help Growing Your Business (NAPSA)—When it comes to expanding your business globally, minority-owned firms have a natural competitive advantage—and a new initiative may further improve their chances at success. The minority business community has a great advantage in the global market—duein large part to language capabilities, cultural compatibility, ancestral ties and businessagility. President Obama’s National Export Initiative (or NEI) calls for doubling U.S. exports within five years. Under the NEI, there will be more credit available for ex- MINORITY ENTERPRISE : DEVELOPMENT WEEK CONFERENCE August 25-27, 2010 Omni Shoreham Hotel Washington, DC VSN UMCAC meetsenior public officials, Geeta nes MED Week 2010 Highlights Global Business-to- Business Expo GlobalBusiness Networking Opportunities Embassy Business-toBusinessEvents State of Commerce Address Informative Plenary Sessions Educational Workshops porters, more government trade promotion and a sharper focus on knocking down the barriers that prevent U.S. companies from getting free and open access to foreign markets. The goal of the NEI is to increase the number of small, medium-sized and minorityowned firms exporting to more than one market by 50 percent over the next five years. The initiative also hopes to focus atten- One of the easiest ways to grow American minority-owned busi- markets, and identifying market opportunities in fast-growing sectors such as environmental goods and services, renewable energy, health care and biotechnology. More than 95 percent of the world’s consumerslive outside the U.S. and one of the easiest ways to grow American minority-owned businesses is to sell products and services to people outside the border of the United States. To assist minority-owned firms in breaking into global markets, MBDA Business Centers work with a variety strategy. tion on exporting to emerging nessesis to sell products and ser- vices to people outside the U.S. of partners to help create strategies for growth. To help grow your export business, MBDA recommendsyou: Look at industry trends and know your position within the domestic market prior to establishing an international business Research the global market for your products andservices. * Determine theeffects of exporting on your current operations. * Outline what resources you will need to successfully execute your export strategy. Familiarize yourself with various global distribution channels. * Contact an MBDA Business Center to assist you. There are more than 45 Centers nationwide. Visit www.mbda.gov to locate a Center near you.

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