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Eric Goldschein from Fundera discusses starting an import/export business, emphasizing that the market remains robust regardless of the global economy. This industry encompasses a variety of goods, including capital, consumer, equipment, and food products, representing hundreds of billions of dollars in trade. He highlights the historical significance of trade, illustrating how products like clothing from China and olive oil from Spain are made accessible through importing and exporting. If you have identified a product with potential in another market, it's worth exploring import/export opportunities. Different business models exist, such as an Export Management Company (EMC), which facilitates the export of goods for domestic businesses seeking to enter new markets.
