Before you decide on costs
When it comes to deciding how much it will cost to finance your export, consider the following questions:
- What are the costs associated with market entry, such as regular visits to your target market, market entry consultants and/or legal or business advisory services?
- What is the political and economic stability of the buyer's country? A nation with a high risk rating will usually mean higher costs.
- What is the potential impact of interest rates and fees, as well as fluctuations in exchange rates?
Grants, assistance programs and venture capital
While banks and export credit agencies remain the easiest and most approachable sources of funding, it pays to research other options available, such as grants and programs, venture capital and equity sharing deals.
Serious about exporting?
Whether you’re a Victorian business looking at entering new markets, expanding into additional markets, or taking on more challenging high-growth markets, our free online self-assessment tool, Go Global will show you how to get there.
Through a series of export-focused questions, Go Global works by measuring your business’s capability and capacity in nine key areas. Nominate yourself and up to five key stakeholders from your business to take part in the self-assessment to receive a holistic overview of your business's export-readiness.
Once all nominees have completed their self-assessments, you'll receive a comprehensive report highlighting your business's strengths and capabilties, and recommended next steps to help you go global.
Go Global is a useful tool for the development or refinement of your market entry strategy:
- Identifying strengths
- Identify gaps in capabilities
- Recommending the next steps to bridge those gaps and support your export journey.
