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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business, highlighting its resilience in any economic climate. The industry encompasses various categories, including capital goods, consumer products, and food, and is valued at hundreds of billions of dollars. He emphasizes that trade has been essential to human existence, allowing access to global products like clothing from China and cars from Germany. If you have identified a potentially successful product for a different market, consider how to turn that into a business. Additionally, he mentions different structures for such businesses, including setting up an Export Management Company (EMC), which facilitates the export of goods for domestic businesses targeting new markets.
