2018-05-09 12:00:16InventoryEnglishLearn about Canda's Trade Accelerator Program, and find out how it can help your company start exporting products or services in an...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Man-Studying-Trade-Accelerator-Program.jpghttps://quickbooks.intuit.com/ca/resources/inventory/trade-accelerator-program/Expand Your International Export Opportunities With Canada's Trade Accelerator Program

Expand Your International Export Opportunities With Canada’s Trade Accelerator Program

2 min read

If you goal is to build a successful international or global business, Canada’s Trade Accelerator Program can help you get started. If you’re accepted into the program, you receive structured training from top Canadian exporting professionals. With their support, you can become an international trader in less time and with fewer hiccups.

Understanding TAP Canada

For product sellers, expanding into the global market can give you access to a huge new group of customers. Getting there on your own can be tricky, especially if you’ve never tried to navigate the export system. That’s where TAP Canada comes in. Using workshops, classes, and one-on-one advising, the program helps you come up with an export plan for your company. After you complete TAP Canada, you should be ready to enter the export market.

Who Qualifies for TAP Canada?

TAP Canada actively looks for Canadian companies that are nearly ready to start exporting a high-quality product, service, or technology. You should wait to apply until you’ve started preparing your company to expand internationally. These steps might include researching possible markets and figuring out where you have a competitive advantage. Already exporting? TAP Canada also accepts companies who are exporting but want to diversify. In addition, you must be able to send two of your senior employees to the program. To be eligible your company must also:

  • Make more than $1,000,000 in revenue each year
  • Have no corruption, environment, or human rights violation
  • Share two years of financial data

You can apply for TAP Canada on your province’s World Trade Centre website. If you like, you can also apply to participate in another province. All TAP Canada programs follow the same structure.

What Happens if You Are Accepted?

Once you’re accepted to TAP Canada, you must pay the program fee. Then, you can sign up for the first step of the process — a two-day workshop that introduces you to the program and its resources. You also start to learn about the basics of international trade from Canadian industry experts and meet the other SME representatives in your program.

During the second TAP Canada workshop, you start to develop your export strategy and write an export plan using the Export Assessment Tool. Once your plan is ready to go, export advisors review it and send you a report that points out your company’s strengths and gaps. Finally, TAP Canada gives you an Export Partner to help you strengthen your company’s weak areas during a final workshop. At the end of the program, your company should be fully prepared to start exporting.

Benefits of TAP Canada

When you run a small business, taking advantage of export opportunities can be intimidating. TAP Canada makes the process considerably easier. For a relatively affordable price, it gives you access to industry exports. Workshops offer immediate feedback, so you can avoid time-consuming mistakes altogether. Plus, with your Export Partner, there’s always someone on hand to answer your questions or steer you in the right direction.

If you want to start exporting your products or services, TAP Canada is well worth the cost. With the one-on-one help, you can streamline the export process and start reaching new customers quickly.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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