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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business, emphasizing its resilience despite global economic fluctuations. The import/export industry, spanning capital goods, consumer goods, equipment, and food, is a significant market worth hundreds of billions of dollars, rooted in the long-standing tradition of trade. Goldschein highlights examples of global trade, such as clothing from China and olive oil from Spain, suggesting that if a product is identified for a new market, it can be turned into a business opportunity. He mentions different business models, including the export management company (EMC), which facilitates exports for domestic businesses targeting foreign markets.
