Did you know 97% of U.S. exporters are small businesses?

Download this month’s infographic to learn more about the impact of small business exporters and how you can be one.

International trade is a key driver of small business success:

  • U.S. companies that export grow faster and are nearly 8.5% less likely to go out of business than non-exporting businesses
  • 26% of companies that trade internationally significantly outperform their market
  • But less than one percent of America’s 30 million companies export!

Small business exporters cite the following top benefits:

  • Increased sales and profits
  • Diversified and expanded customer base
  • Increased stability in light of local economy

Becoming an exporter is easier than you think. How long it took to start exporting:

  • 48% say a few weeks
  • 25% say a few months
  • 11% say several months
  • 7% say a year or more

63% of non-exporting small businesses would be interested in exporting but have the following concerns:

  • 39% say their goods are not exportable 37% don’t know how to start
  • 24% worry about getting paid
  • 24% cite regulatory barriers
  • 15% say it will disrupt domestic sales
  • 14% have intellectual property concerns 13% believe it will be too costly
  • 11% worry about visas and work permits

Remember: A SCORE mentor can help you become an exporter and grow your business.

Infographic: Small Business, Big Trade

 

Small Business, Big Trade