"Go global! All businesses are global businesses."
This is what entrepreneurs have been hearing for the past decade. While this still may be good advice, be prepared to meet additional regulatory challenges due to heightened enforcement of trade laws.
From Entrepreneur.com:
...[D]espite the rhetoric on the campaign trail, the Obama administration and the Democratic majority in Congress have recognized that remaining open to international trade is vital part to the effort to restore the health of the U.S. economy. But another thing that has become evident is that this openness has a price, and that price is enforcement.
The increased cost and inevitably confusion on regulatory compliance will diminish the drive for small business to go global. This could be a serious damper on small business's ability to lead our recovery.
If you are a small business owner and sell or buy in the global marketplace, you probably need to have access to a lawyer who knows international trade law. And be ready to add the increased cost of regulatory compliance into your expenses as they could become significant, particularly during the transition to this new policy.
