How to Develop and Manage International Sales
Transcription
How to Develop and Manage International Sales
Published by the International Association of Commercial Collectors, Inc. September/October 2013 Vol. 46, No. 1 http://www.commercialcollector.com How to Develop and Manage International Sales By Albert V. Knowles, chairman, A.V. Knowles & Co. Ltd. I n today’s highly competitive market, some companies are looking to expand their business internationally. In doing so, they are faced with a twofold decision: 1. S hould I sell to exporters or importers that sell worldwide? 2. Should I sell to exporters or importers that sell to or buy from specific countries? The former option requires an existing international network while the latter will become “experts” in selected countries and/or develop compact professional relationships. The largest importers and exporters to the U.S. are Canada, Mexico, China, Japan, the United Kingdom, Germany and South Korea. To develop and manage your international sales, companies should canvas their existing client base to determine their international needs. Determine Your Target Market To begin with, determine your target market and the best way to attack it. Review all sources of market information. A great deal of this information can be found online, though it may be segmented and difficult to analyze. Use resources such as Dun & Bradstreet’s Hoover’s Analytics to assist with determining new growth opportunities. Market information can also be sourced via Experian PLC and industry associations such as the American Association of Exporters and Importers and the Small Business Exporters Association. Look for Important Parameters Collection agencies should differentiate themselves as they market and sell their products. Why use XYZ & Company for international collections? These are some popular selling points: • Reactivity. • Execute first collection action within 24 hours of receiving files. • Transfer collected amounts to customers within 20 working days (where applicable). • Transparency. • Online collection tool for status check of the collection progress available 24 hours a day. • Production of Potential of Recovery Assessment for every unsuccessful case (not 100 percent recovered). • Reports in client’s language or in English. • All written and oral communication in debtor’s language, which greatly increases collection recovery chances. • Proximity. • Dedicated customer relationship management team. • Performance. • Production of detailed statistics. • Diligence. • Strict respect of laws and ethics. Establish Key Principles • “Customer” Principle: Clients are in contact with the XYZ entity or partner passed in their country or region. • “Debtor” Principle: The XYZ entity that manages the clients’ receivables is located in the debtors’ country or region. • “Law and Ethics” Principle: Respect for and compliance with local and international laws and ethical codes pertaining to receivables management. Additional Features for International Companies: • Team of attorneys in each country. • Credit manager is not required to know the laws unique to each individual country. • Collectors are located in the same country as the debtor. • Local customs and more are different in each country; things that are accepted as normal in the U.S. may not be so in the debtor’s country and vice-versa. • The collector speaks the same language as the debtor, giving instant rapport and taking away one more avoidance tool, thus increasing likelihood of recovery. • Agency is able to collect in debtor’s currency. This is a huge benefit as the client is not forced to play the international currency market and continued on page 3 1 Officers PRESIDENT’S LETTER Robert P. Ingold President Commercial Collection Corp. of NY Tonawanda, N.Y. Associations: A Fountain of Knowledge Lee VandenHeuvel Vice President Ross, Stuart & Dawson, Inc. Auburn Hills, Mich. Tom Brenan Treasurer Coface Collections North America, Inc. Metairie, La. Randy Frazee Past President Randall & Richards, Inc. Tucson, Ariz. Directors Terri Boettcher BC Services, Inc. Longmont, Colo. Greg Cohen Caine & Weiner Woodland Hills, Calif. Michael Daugherty Synter Resource Group LLC Charleston, S.C. Thomas Hamilton American Lawyers Quarterly Cleveland Albert Knowles A.V. Knowles & Co Ltd. Port of Spain, Trinidad Bill Mann Joseph, Mann & Creed Shaker Heights, Ohio Jocelyn Nager Frank, Frank, Goldstein & Nager, P.C. New York, N.Y. John Yursha By Bob Ingold I just finished reading my recent copy of Collection Advisor and a couple things caught my eye that I want to share with you. First, I don’t have a clue why I get this magazine. It’s primarily retail collection agency content and, as I have said before, CCC is a commercial collection agency. While we have dabbled in retail in the past, our roots are commercial and 90 percent of our income is derived through business-to-business collections. With that said, I find the magazine fascinating and sometimes very helpful. (Not that I am plugging this magazine, but I do hope they keep sending it to me even if I don’t know where it comes from.) Second, there is always an interesting column by a gentleman named Ron Brown. I’ve been reading his column for some time, and when it became possible to enlist his help in presenting one of the IACC Collector Recertification online seminars on skiptracing, we jumped at it. I’m sure those who attend this online seminar on Oct. 10, 2013, will discover just how knowledgeable he really is and will hope we can get him back again. The third item that jumped out at me was the article, “The Death of an Agency,” by Bob Dunham. Bob is a regular contributor to this magazine and I have read some of his other articles. Seems he is knowledgeable and has been running his agency for more than 15 years. The article was about how a successful business could collapse due to the economy and how many of the old rules we all follow have changed. Bob wrote this article as a final contribution to our industry on what not to do when selling your company. It is a very sobering article and I feel badly that he wrote this from after the demise of his company rather than before. That is why I joined IACC in the first place. Our group has always been willing to share their successes, new ideas, solutions and, yes, even failures. Being an IACC member means you can attend our conferences and talk to other members about how they do something and what they are thinking. It means you have access to our listserve program, where questions can generate more answers than you can handle from extremely capable people. You can read Scope, and call up friendly competitors to discuss problems you may be experiencing. Our group can also give you a glimpse of our future. I have learned about outsourcing, credit checks and liens/bond work from many of the same people we compete with. We have tried to stay ahead of technology and implement new ideas by listening to our competitors. Trade groups are essential to our success and I am blessed that the people and ideals of IACC are at my disposal. Bob sounds like a decent guy, one who we can cheer for in his rebound. Our industry is tough but rewarding when we look to the future together. Commercial Recovery Group, Inc. Dover, Del. 2 How to Develop and Manage International Sales many debtors will only pay in their own currency. • Some countries have a cap on the dollar amount that is able to leave the country. If the agency is located in that country, that is no longer an issue. Join a Ready-Made Partner Network There are certain international groups that can offer a ready-made qualified partner network. They are: 1.Global Credit Solutions, www.gcs-group.com • Qualified partners in more than 90 countries. • All operating on the same case management system. • All bound by the same compliance and due diligence standards. • All independently owned (not owned by a multinational group), thus ensuring a more “personal focus” on the collection process. 2. TCM Group, www.tcmgroup.com A unique global alliance of debt collection agencies and specialized law firms operating in more than 150 countries. 3. Law list referral sources or listees on: • ALQ • General Bar • Forwarders’ List • Etc. Managing Client’s Expectations It is equally important to manage your client’s expectations. U.S. bonding policies, such as those offered through ACA International and IACC, don’t usually cover international referrals. Therefore, it will be a great competitive advantage to have your Errors and Omissions or Professional Indemnity policy cover your international partnerships. Establish your agency as the single point of contact for your clients, both continued from page 1 on outbound (export) and inbound (import) international claims. Create a full bond of accountability for all clients’ funds coming through your trust account, regardless of where the payment originates or the debtor is located. Remember, it’s your network and you have to manage it! Local Knowledge is a Must Educate your clients on the specific requirements of local laws and regulations as they apply to international claims. For example: • U.S. court judgments are not automatically enforceable in many overseas jurisdictions (where No Reciprocal treaty applies), so the suit will have to be refiled de novo, resulting in duplication of costs to the client. • Claims against foreign “offshore entities.” • Civil suits against any limited corporation, which is simply registered as “an offshore entity” under “tax haven” legislation, are generally doomed to failure and end up being written off as huge losses. Why? The debtor has no physical or trading assets in the tax haven country of incorporation or registration—it’s merely an empty shell or paper company in that country. Advise your clients to move against such debtors in their actual trading jurisdiction, not the country of incorporation. Latin American Legal Process Latin American legal systems differ substantially from U.S. legal processes and litigation practices. The standard of proof in civil cases is less and based on probabilities (preponderance of the evidence, “claim more likely true than not”). The pre-trial discovery allows for investigation of facts and evidence for trial. An Amendment of Complaint is allowed, with no need to please with particularity unless there is fraud. Mexican Legal Process In Mexico, the standard of proof in civil cases is the same as in a criminal: a judge needs full or “intimate” conviction, beyond a reasonable doubt. There is no pre-trial discovery; all evidence gathering and investigation needs to be ready at the filing of complaint. The complaint cannot be amended after service of process, with need to please with particularity. Unenforceable Clauses in Credit Applications Any written provisions in a credit application, even if specifically agreed to by an overseas customer, which require “compulsory U.S. arbitration” or any provision that the contract enforcement will be governed exclusively by and under U.S. state law, e.g. State of Virginia or North Carolina, will be thrown out and declared null and void in many overseas courts because such clauses are deemed illegal as ousting the jurisdiction of the court, and therefore in violation of the local jurisdiction principles. Therefore, your client, the creditor, will lose any right of legal action suit on those accounts again, resulting in written-off losses. Different Playing Fields The Realities—Sharing of Commissions Although international work usually attracts higher rates, this has to be shared with the local partners. How is the rate split? When does this apply? Current trends indicate two prevalent practices: 1.Referral of cross-border work to their international partners. This only occurs if and when the U.S. agency: a. Is unable to reach the debtor. b. Has lost contact with the debtor. c. Has confirmed the debtor has refused payment, failed to pay or stopped paying. continued on page 4 3 Board of Directors Seats Available! T here are three potential 2014 IACC board openings available to members qualified and willing to serve. Please forward your name along with a brief description of your business and why you would be interested in serving no later than Nov. 15. The qualifications are listed below. All members of the board of directors shall be members of the association in good standing. To be nominated to run for a position on the board of directors, the member must: a) Have been a member for two full years preceding the year of nomination. b) Have attended at least one Annual Convention or Mid-Year Conference during the past three years. c) Have the member’s name submitted to the general membership by the nominating committee. d) Nominees for the nine dedicated agency member board of directors’ seats must be from an IACC member agency involved in commercial collections. Nominees for the one dedicated associate member board of directors’ seat must also be from an IACC law firm involved in commercial collections. Nominees for the one at-large board of directors’ seat must be from an IACC member agency, associate member, law list member or affiliate member class. e) The nominee accepts with knowledge that they are to attend all board meetings during their term, and that expenses to travel to these meetings may be the responsibility of the director(s) or officer(s). Interim mid-term meeting expenses are to be paid only as voted on by the board of directors and determined by the financial condition of the association at the time. There are also several committees for which you may wish to volunteer: Committees: • Affinity Program How to Develop and Manage International Sales In such cases, the local partner doing the bulk of the work (in field investigation, skiptracing, personal visits to the debtor, etc.), is normally allocated two-thirds of the total commission, with the U.S. agency retaining one-third. 2.Referral of cross-border work applies from inception. This second method recognizes “the sovereignty of the foreign turf.” a. The international partner gets 50 percent of the rate instead of 66 percent or two-thirds, because the chances of success are higher. b. It provides a more meaningful incentive for the network partner to grow its international side. • • • • • • • • Agency Certification Education Grievance International Development Legislative Meetings/Convention Membership Authentication Membership Development and Retention • PR/Advertising • Scope • Social Media Please let us know if you are interested in helping by sending your information to [email protected] no later than Nov. 15. continued from page 3 c. I t builds stronger, more lasting relationships based on reciprocity. Loss of Control Some U.S. agencies shy away from international work because of the fear of losing managerial control. The reality is that a selected network partner must be prepared to maintain the same standards of responsibility you are expected to deliver to meet your client’s expectations. Handling Inbound Claims Requires Flexibility Foreign clients or network partners will tend to prefer U.S. agencies, which are flexible on rate structures, both prelegal and after referral to an attorney. Examples: • European creditors and agencies usually balk at the normal U.S. commission rate structure: »» 25 percent at first placement. »» Adjusted to 28 percent on referral to attorney. »» Adjusted to 30 percent after suit commences. • Such foreign agencies simply do not have that kind of margin to work with. • Foreign creditors and agencies are more likely to accept a prefixed attorney suit continued on page 9 4 Renewal Reminder: Don’t Be the Last One! Member Report T We would like to give a special thanks to those members who were first in line to renew their memberships. They are: New Affiliate Member: Agency: • Grant Mercantile Agency Oakhurst, Calif. • Cedar Financial Calabasas, Calif. • Delta Management Group Saint Paul, Minn. New Agency Members: he IACC new year has begun, and we feel as though we’re missing something… you! If you haven’t yet renewed your IACC membership for the 2013/14 year, there is still time. Please take a few minutes to complete all the information requested on the renewal form and send it back to IACC with your dues payment for 2013/14. If you have any questions, or to request another copy of your dues statement, please e-mail [email protected] or call (952) 925-0760. Thank you! Associate: • David I. Shorr, Attorney at Law Framingham, Mass. • The Mendelson Law Firm Memphis, Tenn. • McDowell, Rice, Smith & Buchanan Kansas City, Mo. Law List: • The Forwarders List of Attorneys Princeton, N.J. Affiliate: • Global Connect Mays Landing, N.J. United Field Chase Boca Raton, Fla. Carter-Young Inc. Conyers, Ga. Barnaby & Wolfe Inc. Principals: Joe Noland, Matt Turner Grapevine, Texas Chastagnaret-Roguet Lyon, France New Associate Members: Hammerman & Hultgren, P.C. Attorney: Stanley Hammerman Phoenix, Ariz. Silverman/Borenstein PLLC Englewood, Colo. Richard G. Hill, Ltd. Reno, Nev. Keifer Law Firm Attorneys: Richard Keifer, III, David Schattenstein Kingston, Pa. New Certified Collectors: Paula Dye TransCredit Inc. Jacksonville, Fla. New IACC Certified Agency O n Aug. 16, 2013, ABC–Amega of Buffalo, N.Y., was approved as an IACC Certified Agency. Congratulations to Robert Tharnish and his company! The IACC Certified Commercial Collection Agency program demonstrates an IACC member agency’s professionalism and devotion to providing quality collection services. Agency applicants are required to submit a variety of information throughout the rigorous application process, which is reviewed and evaluated by an independent auditor hired by IACC to assess the agency’s qualifications. IACC certification gives an agency a unique mark of distinction in a highly Arnie Bernstein Credit Decisions International Ltd. Elk Grove Village, Ill. Alan Nadler Jeanne Noel Coface Collections North America Kenner, La. Gary Erickson Evans & Green LLP Springfield, Mo. competitive market. There are currently 16 IACC certified agencies. Learn how your agency can join the ranks of IACC Certified Agencies by visiting www.commercialcollector.com or calling (800) 859-9526. Frank Vanhorn Barnaby & Wolfe Inc. Grapevine, Texas For more information on the IACC Certified Commercial Collector Program, visit the IACC website at http://www. commercialcollector.com and click on “Certification.” 5 o think International Association of Commercial Collectors 43rd Annual Convention utside the sandbox Jan. 15-17, 2014 – Miami Beach, Fla. Eden Roc Miami Beach Hotel Get those ideas flowing for IACC’s Annual Convention. This three-day convention, which is full of valuable education and priceless networking opportunities, is one not to be missed. Connect with your creativity! Put the dates on your calendar now and be ready to register for an event like no other. Registration information coming soon! For more information about IACC’s Annual Convention, watch www.commercialcollector.com for updates. Dates to Remember: Early registration deadline: Dec. 6, 2013 Hotel reservation deadline: Dec. 23, 2013, at 6:00 p.m. hotel local time Sponsorship Opportunities Interested in becoming a sponsor? Contact Amy Thompson at [email protected]. Member News M ember News is a small feature section where members can share their accomplishments, awards, promotions, etc. If you have a story you would like to share, please submit it to IACC at [email protected]. Please limit the submission to 100 words or less. Note: All submissions are subject to approval by IACC staff. The Law Offices of Martin F. Goldman of Los Angeles are pleased to announce that for the 7th consecutive year, Martin F. Goldman has been selected for the Southern California Super Lawyers list, 2014 Edition. Super Lawyers must have demonstrated excellence in the practice of law. Being named to the list is an honor limited to no more than 5 percent of the attorneys practicing in each state. Super Lawyers recognize attorneys who have distinguished themselves in their legal practice. The selection process is rigorous and results in third-party validation of the professional accomplishments of the recipients. The Law Offices of Martin Goldman emphasize the practice of commercial collection in the greater metropolitan Los Angeles area. Goldman and his firm are unique among the Super Lawyers, who are generally representatives of larger and more corporate law firms. Collector Recertification Online SeminarS Cybertracking in the 21st Century Thursday, Oct. 10, 2013 – 11:00 a.m. – 12:30 p.m. CST Investment: $30 members/$50 nonmembers I n order for professional cybertrackers, skiptracers and debt collectors to locate debtors and assets, they must possess a thorough and complete knowledge of the latest technology, skiptracing tools and other communication equipment. They should also know the most current sources of data storage, and the laws that protect electronically stored personal data. Join Ron L. Brown, co-author of Manhunt: The Book, as he shares information on the current data sources, social network sites, data brokers and links that will help you succeed where others have failed. You won’t want to miss this educational, enlightening and entertaining presentation. Topics to be covered include: • The traits and tools of a professional cybertracker. • The advantages and pitfalls of cybertracking. • The areas where cybertracks are left. • Free links to hundreds of resources for skiptracing. • Twenty-two of the top data sites used by collection professionals. • How to legally get the most useful information from social networking sites. • How to skiptrace in compliance with state and federal laws and guidelines. To register, visit the IACC website at www.commercialcollector.com. 7 Directory of Associate Members W hen forwarding accounts, please use IACC’s associate members! Remember to let associate members know you are forwarding to them because they are IACC members so they will see the value in their membership. To find complete contact information for each of these members, please visit the IACC website at http://www.commercialcollector.com and click on the “Find an IACC Member” button located on the top right of the home page. When forwarding to associate member law firms, we recommend that you designate IACC and a law list in your forwarding letter and notify the law list designated. These actions will ensure your account is covered by the law list’s bond and will let the associate member know it is coming from a fellow IACC member. If you have any questions, please do not hesitate to contact the IACC staff at (952) 925-0760 or [email protected]. LAW LIST MEMBERS American Lawyers Quarterly Cleveland Clearing House Quarterly Gainesville, Fla. General Bar Law Directory Cleveland Lawyers Referral Directory Cleveland The Columbia Law List Boca Raton, Fla. The Commercial Bar Easton, Md. The Forwarders List of Attorneys Princeton, N.J. The National List of Attorneys Bismarck, N.D. Missouri McDowell, Rice, Smith & Buchanan Mendelson Law Group Dennis A. Brebner & Associates Colorado Girsh and Rottman, P.C. Indiana Pfenninger & Associates Vinci Law Office Rubin & Levin, P.C. Evans & Green LLP Indianapolis Springfield Silverman/Borenstein PLLC Genetos Retson & Yoon LLP Nebraska Cada, Cada, Hoffman, & Jewson Miller & Cohen, P.C. Krisor & Associates Connecticut Drapp & Jaumann, LLC Iowa Litow & Pech, P.C. Jacobs & Rozich, LLC Kentucky Fowler Bell PLLC Woodland Hills Denver Denver Englewood Longmont Bridgeport New Haven Waukegan Indianapolis Merrillville South Bend Cedar Rapids Kansas City Gamache & Myers, P.C. Saint Louis Lincoln Nevada Hayes and Welsh Henderson Dubowsky Law Office Las Vegas Richard G. Hill, Ltd. Reno Katonah, N.Y. Florida Rosenfeld Stein Batta, P.A. Lexington Lloyd & McDaniel, P.L.C. ASSOCIATE MEMBERS New Jersey Morgan, Bornstein & Morgan Yates & Schiller, P.A. Louisiana Levin Law Offices Wright Holmes Law List Aventura Alabama Cloud & Tidwell, LLC Boca Raton Zarzaur & Schwartz, P.C. Sprechman & Associates The Pappanastos Law Firm, P.C. Talianoff Rubin & Rubin, P.A. Arizona Hammerman & Hultgren, P.C. Gruman Worldwide Ltd. Birmingham Birmingham Montgomery Law Offices of Paul M. Kade Miami Miami Miami Tampa Phoenix Mader Law Group California Law Offices of T. Britt Rudman Marcadis Singer PA Beverly Hills Hinsdale Law Firm Burlingame Law Offices of Martin F. Goldman Encino Alan L. Brodkin & Associates Irvine Barry S Jorgensen Law Office Newhall The Guerrini Law Firm Pasadena Law Offices of Gary A. Bemis Riverside Tampa Tampa Georgia Gonzalez Saggio & Harlan LLP Atlanta Lazega & Johanson, LLC Atlanta Stokes, Lazarus & Carmichael LLP Atlanta Illinois Abrams & Abrams, P.C. Chicago Marc S. Lichtman & Associates, Ltd. Chicago Glassberg, Pollak & Associates Spilotro Law Group LLC Sweet & Walker, A Professional Corporation Teller, Levit & Silvertrust, P.C. San Francisco San Francisco The Law Offices of Jacqueline N. Anker Santa Barbara Chicago Chicago William G. Schur, Attorney At Law Chicago Louisville Cherry Hill Bressler-Duyk Law Firm Metairie Edison Maryland Law Offices of Kind & Dashoff Manasquan Baltimore Weinstock, Friedman & Friedman, P.A. Baltimore Business & Technology Law Group Law Offices of Kathleen R. Wall Fein, Such, Kahn & Shepard, P.C. Parsippany The Saldana Law Firm Princeton Nudelman, Klemm & Golub, PC Columbia Roseland Massachusetts John Postl, P.C. Wyckoff Boston David I. Shorr, Attorney At Law Framingham Cohn & Dussi, LLC Woburn Michigan Muller, Muller, Richmond, Harms, Myers P.C. Birmingham Stillman Law Office Farmington Roosen, Varchetti & Olivier, PLLC Mount Clemens Law Offices of Joseph A. Molinaro, L.L.C. New York Marinstein & Marinstein, Esqs., PLLC Albany Roe Taroff Taitz & Portman, LLP. Bohemia Heitner & Breitstein Brooklyn Meyers, Saxon & Cole Brooklyn Smith, Carroad, Levy & Wan Commack Stein & Stein Minnesota Gurstel Chargo, PA Haverstraw Minneapolis Mineola Wagner, Falconer & Judd, LTD. Anes, Leventhal & Snyder, PLLC Minneapolis Gutman & Gutman LLP Nesconset continued on page 9 8 Directory of Associate Members continued from page 8 The Terkell Law Firm, P.C. Law Offices of Robert Prince, P.C. Frank, Frank, Goldstein & Nager P.C. Amato Keating and Lessa, P.C. New City New York Kazlow & Kazlow New York Relin, Goldstein & Crane, LLP Rochester Borges & Associates, LLC Syosset Murray S. Lubitz White Plains North Carolina Smith Debnam Narron Drake Saintsing & Myers, L.L.P. Raleigh The Sigmon Law Firm, P.A. Raleigh Ohio Kevin L. String Co., L.P.A. Chagrin Falls Immerman & Tobin Co., L.P.A. Cincinnati Slovin & Associates Co., LPA Cincinnati Thomas & Thomas Attorneys Cincinnati Alvin I. Gilmore, Attorney At Law Cleveland Weltman, Weinberg & Reis Co., LPA Cleveland Ziegler Metzger LLP Cleveland Isaac Wiles Burkholder & Teetor LLC Columbus Pennsylvania Morris & Adelman, P.C. Bala Cynwyd Gordon & Weinberg, P.C. Philadelphia Washington Stephen A. Bernheim, Attorney At Law Pittsburgh Edmonds Bernstein-Burkley, P.C. Wisconsin Murphy Desmond S.C. Pittsburgh Burton Neil & Associates P.C. West Chester Madison Kohner, Mann & Kailas, S.C. Milwaukee Keifer Law Firm Wilkes Barre Tennessee The Mendelson Law Firm Memphis John B. Ingleson, Attorney At Law Murfreesboro Law Offices of Barry Gammons Nashville Texas Barnett and Garcia, PLLC Austin Harrell Pailet & Associates, P.C. international Belgium Collection Attorneys Europe Antwerpen Lombardi Advogados Sao Paulo Canada Franklin & Franklin Jameson & Dunagan, P.C. Ecuador Bermeo & Bermeo Law Firm Houston Totz, Ellison & Totz, P.C. Houston Quito, 17-12-881 India Sumesh Dhawan New Delhi Guest & Associates Hoffmeyer & Grass, Inc. Israel Gideon Koren & Co. Louis A. LeLaurin, III, P.C. Isaac Eilat Law Offices San Antonio Tel Aviv Utah Elggren & Peterson, P.C. Italy Studio Legale Mannari Sandy Florence Virginia Hart, Calley, Gibbs & Karp, P.C. Netherlands Bierens Collection Attorneys Irving Mesquite Luray Conshohocken How to Develop and Manage International Sales The Pie is Huge Taking your company international can bring great rewards. In 2009, more than 269,000 U.S. SMEs exported $1.2 trillion. Like every business venture, there are risks and challenges, but these can be regularized and sustained. International sales will add material value to your business. Whether Veghel Istanbul Philadelphia fee, plus court costs, rather than an escalation in commission rate. Rehovot Turkey Antroya Law Office Jeffrey S. Wilson, Attorney At Law Scope Editor Sara Bobrowski Design Manager Darla Rehorst Sao Paulo Montreal Marvin S. Greenfield PC Executive Director Tammy Schoenberg Brazil Aronis Law Office Dallas Dallas IACC STAFF continued from page 4 Scope is a bi-monthly newsletter available to members of IACC. IACC is located at 4040 W. 70th St., Minneapolis, MN 55435. You may contact the IACC office at (952) 9250760 or via e-mail at iacc@ commercialcollector.com. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel. Any information contained in this material is based on current research into the issues and on the specific facts involved herein. ©2013 International Association of Commercial Collectors, Inc. All Rights Reserved. your commitment is limited or full, the revenue potential is attractive once the volume is maintained. If you miss the bus on international sales, someone else will catch it! Albert V. Knowles is an agency member and currently serves on the IACC Board of Directors. If you’d like to submit an article in Scope for publication, contact Sara Bobrowski at iacc@ commercialcollector.com. 9
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