Week 6 Exporting

in the Philippines
Importance
 A business plan is a written
document that describes in
detail how a business—usually
a startup defines its objectives
and how it is to go about
achieving its goals

A business plan lays out a

written roadmap for the
firm from marketing,
financial, and operational
standpoints.
• Exports are important to modern economies
because they offer people and firms many more
markets for their goods.
• One of the core functions of diplomacy and foreign
policy between governments is to foster economic
trade, encouraging exports and imports for the
benefit of all trading parties.
• Entering export markets can boost turnover and
improve innovation as firms develop new products
for particular markets.
• It can also reduce exposure to risk, by distributing
sales across various countries or regions.
Why need to export ?

1. It improves profitability
2. It extends your products’ lifecycle.
3. It widens your business network.
4. Exporting benefits local and foreign markets alike.
5. It mitigates seasonal slowdowns.
6. Exporting can increase your credibility.
7. It exposes your business to grow and new ideas
8. Exporting will help the Philippine economy bounce back