Firms can be successful in attracting some international sales and distribution the first couple of years. But long-term success takes more perseverance and planning for the additional time and costs involved with international transactions. The initial costs of setting up an exporting arm can be substantial. You should justify your export costs and include additional financing costs. Currency fluctuations could ruin your company.
Collections can be time-consuming and expensive.
Initially, you may be able to service foreign markets with existing staff. But if you add more foreign markets, you will need to expand your staff. There are detailed paperwork and bureaucratic barriers to overcome when conducting business in other countries. Explore alternative ways of selling your goods overseas. You could use an export marketing or trading company, or overseas distributors who are responsible for all aspects of marketing and distributing your products in their country.