Tuesday, February 09, 2016

3 Challenges That Threaten Small Business Owners

©iStock/dashadima
Small business owners always face challenges -- from raising capital, to retaining talented employees, to finding time to work on the business as opposed to in the business.  But who knew that marketing remains one of the biggest challenges that threaten local entrepreneurs as well as global small business owners.

In the article below, the author at the Global Dispatch talks about three specific marketing challenges that entrepreneurs face:
  1. Not enough online presence.
  2. Adapting to mobile (check out three global mobile trends to watch in 2016).
  3. Increasing local awareness.
Read more:  The Biggest Marketing Challenges That Threaten Small Business Owners

Monday, February 08, 2016

Today in Global Small Business: The Almighty Exporting Book is Getting An Update

Photo courtesy:  Apress
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, February 06, 2016

The Artisan Cellar at The Merchandise Mart in Chicago

Say hello to the Artisan Cellar (AC), a gourmet market featuring a wide variety of wines and beer plus a delicious deli takeout, not to mention a great place to hang when you have time to kill at The Merchandise Mart, Chicago.  (Note:  AC has free wine tastings Fridays 4:00-6:00 p.m. Central Time.)  Twitter handle here.

Photos courtesy:  ©Laurel J. Delaney.  All rights reserved.

Thursday, February 04, 2016

Prepare for Global Growth With Your Equity Crowdfunding Campaign

©iStock/Eneng24
People talk about the importance of having the right mindset, the right people, the right products or services and the right processes in place before you take a business global.  But what happens when you try for equity crowdfunding?

Take Linda Bulk who is general manager and director of Waikato, New Zealand-based Aeronavics.  Her company is a drone manufacturer that raised $1.5 million through an equity crowdfunding campaign last February, with 213 investors taking a total 15 percent stake in the company.

How did she prepare her aerial solution business for equity crowdfunding?
Business owners do have to understand that accountancy requirements change as the amount of shareholders increases, so that is something to be considered. For us this hasn't meant a lot of change though as we're in preparation for global growth and have already adopted these standards.
Read more:  Small Business:  Equity crowd funding - Linda Bulk, Aeronavics

Wednesday, February 03, 2016

London Small Businesses Have Big Global Ambitions

©iStock/EtoileArk
There's a tremendous global opportunity for London-based small businesses to scale-up and expand internationally.  But how do you become a globally-recognized brand and business?
The Mayor's International Business Programme [led by London & Partners, the Mayor's official promotional company and part-funded by the European Regional Development Fund] is the first programme of its kind, using peer-to-peer mentoring and private sector backing, to help London-based companies to scale up and internationalize.
There's an answer to the question above but you must read the article below because it is designed to maximize the international business potential of London-based SMEs.

Read more:  Boris Johnson looks to scale SME success & take London tech global

Tuesday, February 02, 2016

WEGG Wednesday Webinar 2/3 on International Finance

©Women Entrepreneurs GROW Global.  All rights reserved.
What payment and financing issues do you need to consider when exporting?  What are key financial instruments you ought to know of?  Where do you go to secure these instruments?  And what are other special considerations for fueling your international growth with growth capital?  WEGG has got your back.

Join the webinar on Wednesday, February 3rd at 10:00 a.m. Central time to hear Kati Suominen, who just returned from Davos, address these questions and more with her presentation, "Financing Your International Business:  Plan Early and Smart."  The WEGG webinar is no charge but registration is required.  I'll be on the webinar.  See you there.  Register here.

Monday, February 01, 2016

Today in Global Small Business: Embracing Change Is No Longer An Option in Our Global Marketplace

©iStock/andrewgenn
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, January 30, 2016

Joy Every Day

©2016 Laurel J. Delaney.  All rights reserved.
"My cat is the Christmas in my life; he brings that kind of joy every day."  -- Anonymous

Friday, January 29, 2016

Small Businesses Are the Building Blocks For the Global Economy

©iStock/Feverpitched
Entrepreneurs and small business owners are tough.  They are bold and fearless with their actions but that doesn't protect or insulate them against failure.

In Malaysia, for example, SMEs constitute 99.3 per cent of all businesses in the country, are a vital component and contribute significantly to the nation’s economy. Yet many of them cannot sustain themselves over the long haul, particularly with making it successfully to a five-year mark.  What are some of the problems they face?  Here are five:
  1. Leadership failure.
  2. Lack of strategic planning.
  3. Failing to effectively market online.
  4. Failing to listen to the core customers.
  5. Poor financial management.
Yet as the article below states:
Many countries have accepted the fact that small and medium enterprises (SMEs) are the building blocks of their economies. 
The bottom line:  Success for Malaysian SMEs or any global small business owner depends on strong leadership.

Learn more:  Five deadly sins of small business failure

Thursday, January 28, 2016

Asia Pacific SMEs Need to Unlock Global Growth Potential

©iStock/AsianDream
According to "Why small business is missing out on a world of opportunity," published by SMBAsia:
In Asia Pacific, small- to medium-size enterprises – or SMEs as we often refer to them– make up 98% of all businesses, employ 50% of the workforce and generate 42% to GDP, so it is important that they continue to succeed and grow.
But are most SMEs leveraging international trade to help boost their revenues and profitability?  Everyone knows, or should know, that there is a correlation between exporting and achieving rapid growth, for example.  Further, exporting, in this case, helps SMEs achieve economies of scale, reduce risks and balance uneven growth cycles.

The trick is to unlock SME global growth potential.  How do you do it?  You can find some ideas here.

Wednesday, January 27, 2016

Re-Invent Your Business Model To Grow Global

©iStock/CreativaImages
In 2016, small businesses should plan to take a leap and bargain in good faith with destiny by reinventing their business models to grow beyond U.S. borders. Small businesses have just as much potential as multi-national companies to embark on the adventure of being part of a global economy and creating a positive impact to the bottom line.

Here's why.  International trade consists of 30 percent of the U.S. economy. Exports of products and services reached a record $2.3 trillion in 2014.

Growing your business across borders is no easy feat, and yet more than 95 percent of the world’s customers are living outside of the United States and they are thirsty for everything American.

Learn more:  Small Business in International Market