Every invention needs someone to build it and someone to buy it and in the process, there is an opportunity to make some money. We are often tempted to find the cheapest place to build it meaning that we could be going outside the country to source them. The lure is a smaller unit price but that really doesn’t tell the whole story. You must consider transportation expenses, import & export fees and a number of other taxes and fees that may be applied to your product. All of these thing must go into the equation so that you and see the bottom line and make an educated decision. Even if you build the product yourself, you may want to sell to customers overseas and need to know the regulations to do so. For our next Tampa Bay Inventors Council meeting, we have invited an expert to come help sort it all out to help you understand the world of imports and exports.
Ken Nadler is a retired international trade banker with 42 years of experience helping exporters and importers with their payment and financing needs. He has assisted Fortune 50, middle market as well as “mom and pop” companies. Ken has worked at numerous banks and prior to relocating to Florida in 2005, he worked in New York City, Boston and Brazil.
Ken was active in a number of trade organizations including the Central Florida Chapter of the District Export Council and as a member of the Board of Directors of Florida Export Finance Corp. He is a past Chairman of the Board of FCIB-NACM Inc, a North American and European association of international credit executives and former President of the 1245 Credit Club, a networking organization of international credit, banking and insurance executives in New York. He was also a member of the board of directors and Treasurer of NEXCO, a New York City based international trade association assisting importers, exporters, freight forwarders, bankers, attorneys, accountants, and others engaged in global trade. Ken is currently a certified counselor/mentor with SCORE, a resource partner of the U.S. Small Business Administration.
Please join me in welcoming Ken Nadler to the inventors council this Wednesday, May 14th from 7-9 pm and learn how to take your innovation global!