Florida Chamber of Commerce member John Hartnett of Endoscopy Replacement Parts Inc. recently led a discussion on making Florida firms globally competitive after his company won the SBA’s 2016 National Exporter of the Year award.
“International trade is not easy, but it’s not overly complex either,” Hartnett, who serves as the firm’s VP of global business development, said. “Ninety-five percent of consumers are overseas so there is a huge opportunity to grow business.”
Hartnett explained that companies are well advised to initially evaluate several factors: whether their product is already doing well domestically; having management fully on board and demonstrating a willingness to be patient; and whether financing is available for expansion.
Hartnett, a Florida Chamber Foundation trustee, said that he believes that Florida’s anticipated trajectory of growth over the next decade and a half calls for creating 2.1 million new jobs to keep employment steady. Pointing out that the state has never witnessed such a rapid expansion, he cited global trade as a logical solution.
“[We] have an opportunity to absorb this momentous growth by focusing on smart job creation initiatives, such as targeting the sectors of international trade and logistics,” Hartnett said, who stressed that product and service quality, management, adaptability, and originality are needed to succeed.
“By having lower corporate taxes and less government involvement, Florida businesses have the resilience and fortitude to go out in the global marketplace and create incredible jobs for Floridians,” he said.