Monday, October 23, 2017

Today in Global Small Business: The Impact of NAFTA on Midwestern Businesses


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

Saturday, October 21, 2017

Where Ideas Sing: The New Apple Store at 401 North Michigan Avenue in Chicago

Grand opening (10/20) of the new Apple store at 401 North Michigan Avenue in Chicago, Illinois.  What a treat.  Go visit. Sing.

Photo credit:  ©2017 Laurel J. Delaney.  All rights reserved.

Friday, October 20, 2017

Sell Your Wares to the World

©iStock/ipopba
Having a website rather than a bricks-and-mortar shop means a company can sell their wares to the world. But taking payments for international sales may not be straightforward.
"One of the biggest realisations we had when looking to expand was that credit card penetration is generally much lower in most markets outside the UK and US," he [Nigel Whiteoak, co-founder of LoveCrafts] explains.
Payment difficulties contribute to about 15% of online shoppers abandoning their virtual shopping baskets before completing the purchase, research suggests. That and difficult-to-navigate, fiddly websites.

Read more ... how can you help your local online business go global?

Thursday, October 19, 2017

Wednesday, October 18, 2017

Invest in Exporting

©iStock/wissanu01
Expansion into Europe was already a no brainer for Vancouver-based Axine Water Technologies ahead of CETA (Comprehensive Economic and Trade Agreement), Canada’s free trade agreement with the European Union, taking effect this fall.  “The biggest thing that I see in the short term is just access to talent,” said company president and CEO Jonathan Rhone.
“As we’re becoming more of a global trading system, I think that small and medium-sized enterprises have to understand that there are opportunities to be had in investing in exporting,” [Werner] Antweiler [associate professor at the University of British Columbia’s (UBC) Sauder School of Business and a chair in international trade policy] said, adding that many European manufacturers are already poised to take advantage of that trend, being on average a bit larger than those in Canada and possessing a stronger culture of global expansion.
Read more:  Seeking CETA's Small Business Benefits

Tuesday, October 17, 2017

Using Bitcoin to Facilitate Global Trade

©iStock/thamerpic
Many people roll their eyes when you bring up bitcoin.  Yet IBM is using the technology behind bitcoin to help farmers and other small businesses in underdeveloped countries participate in global trade.
The companies [Stellar.org and KlickEx.com] will use IBM's blockchain technology to process financial transactions across borders and currencies — a process which is often prohibitively slow and costly for small business owners, especially when they are in developing regions with smaller banking infrastructures.
It's a path forward through underdeveloped payment corridors.

Read more here:  IBM, bitcoin and countries in weak banking systems.

Monday, October 16, 2017

Today in Global Small Business: How to Cut Costs on International Sales

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

Saturday, October 14, 2017

Time Spent With Cats

©2017 Laurel J. Delaney.  All rights reserved.
"Time spent with cats is never wasted." -- Sigmund Freud

Friday, October 13, 2017

Unlocking Market Access to China for South African Small Businesses

©iStock/sculpies
South African Small Business Development Minister Lindiwe Zulu is unlocking the Chinese market for South Africa’s small businesses and cooperatives.  Zulu challenged her Chinese counterparts and Chinese businesses to help open their markets to South Africa’s small and medium businesses.
“Many SMMEs and Cooperatives have pointed out to us that their growth and sustainability is hampered by lack of access to markets. CISMEF must be a platform that opens the doors for many SMMEs to enter global markets,” Zulu said.
Read more about unlocking China for South African small businesses.

Thursday, October 12, 2017

One-Third of Global Employment is Created by SMEs

©iStock/Prasit Rodphan
Small businesses are the backbone of the world.
Indeed, small and medium-sized businesses (SMBs) contribute significantly to the GDPs of their countries. In fact, in the U.S. alone, SMBs account for 46 percent of private, non-farm GDP, according to the U.S. Small Business Administration.
But there's another measurement to track the progress of SMEs:  jobs.
In emerging markets like China and Medico, SMBs make up one-third of employment and up to 40 percent in developed economies.
Read more about how SMEs around the world create jobs.

Wednesday, October 11, 2017

Men With a Vision, a Passion, and Powerful Mind

When I watched this video, all I thought is:  They need more women!  So here's one of mine from 2014.

Tuesday, October 10, 2017

Manage a Spotify Ad Campaign for Your Global Small Business

©iStock/Wachiwit
Listen up global small business owners.  You now have access to a powerful tool to reach potential new customers.  With the new self-serve advertising platform called Spotify Ad Studio, you can now create and manage a Spotify ad campaign for your small business.
The big question for a small business is, will an audio ad have any impact in today’s video-centric world? According to a 2017 Nielsen Media Lab study, Spotify cites audio ads had 24 percent lift compared to display ads. What this means is, with the right platform, such as Spotify, your audio ad spend will go further to engage with your customers.
Read more:  Small Businesses Can Now Advertise on Spotify with New Ad Studio Launch