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In the post-COVID environment, you’ll want to use every money-saving tool in your arsenal to safeguard the longevity of your business. If you’re a business owner who imports, these seven tips will help.
WRITTEN BY DR. NAKITA HAYNES
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3 Things You Should Do After Becoming A Registered Manufacturer
So, you’ve taken the bold step to become a registered manufacturer—kudos to you. The world is now your oyster as you are no longer limited to the standard, cost-driven raw materials available locally but instead can expand your repertoire to include low cost, high-quality inputs sourced on the international market.
Not only will this move translate to a multitude of cost saving opportunities and hence positively impact your bottom line, but exemption from the payment of import duty on equipment and materials used in your manufacturing processes will also give your end products a competitive advantage.
Dear we say, you are well on your way to dominating your market space. Here are three tips to get you going.