Lendinero's blog on Growing Your Business
If you are as business exporter in the U.S. the powerful dollar can affect your business. The dollar has appreciated over 18% in the last nine months versus other currencies. This means that a strong dollar causes for non U.S. importers to have a weaker purchasing power thereby causing U.S. exports to slow down. If the U.S. dollar continues to stay strong globally, this means less profit margins and less sales for U.S. exporters. If your sales are still strong, this is the time to obtain business financing rather than waiting for earnings to drop. If your earnings drop and you need to get some cash to change your sales strategy or wait for the dollar to become weaker you may not qualify for financing. It’s better to come up with a game plan now and change your sales strategy. At the same time it’s better to obtain financing now before you don’t qualify.
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