What is it like running an import/export business?

For example, in Dubai, UAE food industry wholesale or import and export business, and planning to enter the technical start-up. As far as experience is concerned, I have only a few-not experts. Start with your question-

1. In this industry, there are a few things that are most important.

-It's important to know people who know someone else. This is essential. Because without these contacts, at some point after the start, you will find yourself thinking about what the next step is. Your contact with them will direct or indirectly guide you.

-the other thing is to have super energy. You need this because there is no it

-you will not be successful in this industry for the last one months or two.

If so, you will talk and negotiate with business partners, banks and the worst accountants or business partners.

-The ability to be an honest person. It's a good thing, because I used to think that honest people can't bring a lot of benefits to the industry. I have to make smart, agile, and sometimes wrong moves. But I have seen people close their business because their character is not an honest one. You have to lie sometimes, but in an innocent way, you won't hurt anyone.

In this industry, you will find that many people are not fully educated, but they are super smart. They just want to build relationships with honest people.

-Prepare to do administrative work. This is especially important to me because I think this business is interesting-I don't have too much work on my desk. But it's not true because I grew up in business and I found more prices for the same products from different suppliers. I have to sit down and calculate which supplier will bring me more profit, taking into account you know, credit time, variety of products, lead time, etc. I spent almost half of my time on this. This is much more complicated than what I have shown in the answer here. But in general, be prepared.

2. The hardest part is access to capital. Cash. It's more like an egg problem in the tech industry. Buyers want credit and sellers want cash. When I started almost 70% of the deal because the problem did not pass. I still haven't found a way around it, but the banks do our bigger favors because of the business for years.

3. This depends on the location you have not mentioned and the business industry. But overall, individuals will have to deal with this one on their own.

4. It's strange that you ask this question because I gave you a hint in the first answer--maybe you have a little idea and want to make sure. I'll try to answer, but it's just my experience. Well, the people in this industry are very, very good, helpful and interesting hobbies. They sometimes envy, but in the mind very good. They have found the kind and honest people like themselves and have established a strong relationship with them. I chat with my network for about one hours every day. That's why I'm still in this business and growing/surviving. Almost all people are self-made and know the value of money. There are a lot of things to answer your question-that may be enough.

Maybe you want to know more things: Your working hours are not fixed. Like the tech industry, you can start and end anytime you want. Of these, 50% will be a desk job, where you will be able to walk around and see Logistics and contacts.

You also need to understand some financial concepts, because you can make more money through Forex trading rather than the actual import and export business. I really can't find anything more to write here. Forgive me for my grammar and spelling mistakes as I write this a little hastily.

If you need any further clarification on what I have written, please write a comment. In addition, I entered the technology industry, as I said earlier, I found that answer 2 of the cash problem needs to be fixed and the wholesale industry some other things, generally. So I'm now working on business-to-business trading platform-ishto as a side item.

I know a great site of export/import. You can surf the Internet to review TradeSNS. TradeSNS is one of the most trusted importers of export data providers in the world. It offers the most valuable business intelligence, convenient access, a pocket-friendly price to the popular searchable import-export trade database in the world.