Is a Weaker Dollar Good for Your Business Plan?

Filed in archive Noteworthy on December 5, 2009

© MOmilkman


It's a simple truth: a weaker US Dollar can be a good thing for your business if you produce anything that gets exported. As the dollar gets weaker, your products become cheaper overseas.

BusinessWeek recently took a look at just what a weaker dollar does for small business. And it's not just that what you make here becomes cheaper in other countries...

A weak dollar has given some small businesses the opportunity to revisit their domestic customers, too. These were the people who used to buy their products overseas until the low exchange rate made things so frigging expensive.

If your product or service has the potential to be exported, this might be a good tie to revisit your business plan.