Black MBA - Winter 2007/2008 - (Page 90) ENTREPRENEURSHIP | Global Focus | How to Set up a Business Plan Exchange Rates Doing Business Abroad Makes an Opportunity of the Drooping Dollar By Nathaniel Sheppard Jr. IF THERE IS A silver lining in the current trade climate – where international markets are expanding as U.S. markets slow and the dollar nosedives toward new lows – it may lie in the potential this situation holds for U.S. entrepreneurs to expand into world markets. The weak dollar has, in effect, slashed prices for prized goods and services, functionally putting the United States on sale. Overseas buyers love it, and so do many small- and medium-size business enterprises (SMEs), 90 BlackMBA • Winter 2007/2008 • www.nbmbaa.org http://www.nbmbaa.org
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