Ensuring your business is financially ready for international growth is imperative for your success. One of the common reasons New Zealand exporters fail when they try to expand into international markets is bad financial planning and a lack of funding. They underestimate the capital required to enter into a new market and sustain themselves once there.
Taking the time to understand the financial implications of exporting and being prepared with a detailed financial plan, will significantly increase your ability to attain capital for sustainable growth. Funding growth from cash flow is not an option for all businesses. Often materials, componentry, shipping and distribution, tariffs, promotion and marketing among the myriad of other operational costs have to be pre-paid here in New Zealand before the goods have been delivered offshore - and paid for by the customer. The debtor cycle for export markets may be double or treble what you experience in New Zealand.
Learn more about key areas of expenditure, how to sustain and fund your export drive through debt or equity funding and who can help you realise your growth ambitions.
Understanding your funding options
This Export Essentials guide takes you through the key considerations for funding for international expansion. You’ll find information on:
- What costs to account for when developing your export plan and budget
- What your funding options are
- The information you’ll need when seeking debt or equity funding
- What you need to have in your financial plans before raising capital
Download our free guide on this page for understanding funding for international growth.
Watch this four-minute video of Mike Devonshire NZTE Beachhead Advisor and Steve Boyd from luxury accessories label, Deadly Ponies, sharing their perspectives on what cash flow and capital considerations you need to contemplate to ensure you enter into and sustain yourself in a new market.
If you would like to learn more about developing the right approach to exporting for your business, register now for the next Export Essentials workshop. We’ll give you practical tools and techniques to take your business global.