Finding it hard to capitalise on the opportunities that international trade can provide for your business? Feeling the strain of the additional resources, risks and cash flow pressures? If this sounds like you, then Westpac's Going Global Business Workshops might be the solution you are looking for. Run by Westpac's Business Advisory Services team, the Going Global Business Workshops consist of two series: one for exporting businesses and one for importing businesses. Each series consists of three, two-and-a-half hour workshops, and costs just $650 (including GST).
- Introduction
- Workshop overviews
- Workshop locations and dates
- Cost
- Register now
Introduction
These workshops are focused on supporting importing and exporting businesses in making more informed decisions about their future and receive the support of Austrade. They can help you in understanding:
- the differences between sourcing goods domestically and offshore
- the resource requirements that should be considered when importing/exporting
- the risks associated with international trade including hidden costs and how to manage and/or mitigate these risks
- foreign exchange risk and payment options
- Incoterms and their application
Workshop overviews
There are 2 workshop series:
Importing
Module 1 - Put your importing cycle under the microscope to identify and manage hidden risks, reducing lead time to delivery, saving you time and money.- Domestic vs. offshore sourcing
- Resources for successful importing
- Importing risks
- The importance of the contract
- Incoterms
Module 2 - Learn about foreign currency management and the various import payment options, so you can pick a great one for your business.- Improving lead time in the importing cycle
- Managing foreign exchange risk
- International payment options
- Highlighting hidden costs in the importing cycle
Module 3 - Understand how to reduce the cost of your importing cycle, helping you to improve overall business profitability.- Calculating the funding cost of international payments
- Calculating the other direct costs of importing
- Calculating the "landed cost" of your imported goods
Exporting
Module 1 - Assess the steps involved in your exporting cycle to help you manage additional risk and resource requirements, enabling it to operate more efficiently- The domestic vs. exporting cycle
- Export resource requirements
- Managing export risks
- Legal considerations and Incoterms
Module 2 - Understand how to manage currency risk and learn about the various export payment options, so you can pick a great one for your business.- Creating efficiencies in the exporting cycle
- Managing foreign exchange risk
- Export payment options
- Identify hidden costs in the exporting cycle
Module 3 - Calculate the benefits of improving your exporting cycle, as a means to help improve overall business profitability.- Calculating the funding cost of the various export payment options
- Determine the other direct costs of exporting
- Calculating the "landed cost" of your exported goods
Workshop locations and dates
To register your interest or find out about the next Going Global workshop, call 1800 012 501 or email us on businessseminars@westpac.com.au.
Cost
As a special introductory offer, each series is priced at just $650 (including GST). The cost includes: - A comprehensive reference manual
- A series of action plans so you can apply all your learnings straight to your business
- Refreshments.
If you would like to register more than one person, please photocopy the registration form. Groups of 5 or more receive a 10% discount off the advertised price.
Register now
Registration is quick and easy. Simply follow the registration link below to register and pay securely online.- Register
- or to speak to one of our Business Advisory staff phone our call centre on 1800 012 501
