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In this video, Eric Goldschein from Fundera discusses starting an import/export business, highlighting its resilience in any economic climate. The import/export market spans capital goods, consumer goods, equipment, and food and beverage, generating hundreds of billions in revenue. It emphasizes the age-old practice of trade, which enables access to diverse products from around the world, such as clothing from China and cars from Germany. If one identifies a product with potential in a different market, they are encouraged to explore importing or exporting it as a viable business option. Goldschein also introduces different types of import/export businesses, including export management companies (EMCs), which facilitate the export of goods for domestic businesses targeting new markets.
