Wednesday, November 26, 2014

The State of Washington: A Place of Global Importance

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Is Washington failing to realize its potential on the global stage?  That’s the premise of a report, "Improving the Washington Region's Global Competitiveness," released by George Mason University’s Center for Regional Analysis, which criticizes the region’s economic reliance on the federal government and suggests ways it can become a bigger player in the global marketplace.

Interesting comment referenced in the article:
“If you’re not looking globally and you’re not realizing your potential in the global marketplace, you’re not in this century,” said Bob Buchanan, the group’s president [referring to the 2030 Group] and head of the development firm Buchanan Partners.
Read the entire 90-page report:  "Improving the Washington Region's Global Competitiveness"

Tuesday, November 25, 2014

How to Spark Global Entrepreneurship

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The United States has committed to a big, audacious goal to expand economic opportunity for all, especially women and youth.  The U.S. will spark $1 billion in new private investments over the next three years for entrepreneurs worldwide, including social entrepreneurs. Half of these investments will be generated by women and young entrepreneurs.

What this says is that the Administration has delivered on its commitment to greatly expand and support global entrepreneurship and economic opportunity around the world.

Learn  more about some of the U.S.'s signature entrepreneurial achievements in the past five years:
FACT SHEET:  Global Entrepreneurship Summit | The White House

Monday, November 24, 2014

Today in Global Small Business: Amazon Launches in China

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

Saturday, November 22, 2014

A Mirror to the Sky: Cloud Gate

©2014 Laurel J. Delaney.  All rights reserved.
©2014 Laurel J. Delaney.  All rights reserved.
Cloud Gate is a public 110-ton elliptical sculpture designed by British artist Anish Kapoor, that is the centerpiece of the AT&T Plaza at Millennium Park in Chicago, Illinois.

The sculpture reflects Chicago's famous skyline and the clouds above. In the case of the lower photo, if you look closely to the left, that is me - Laurel Delaney - taking a closeup of the Cloud Gate.

Friday, November 21, 2014

The Global Entrepreneurial Mindset is Always Optimistic

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Amy Schultz, instructor of entrepreneurship and project-based learning at Feather River College in Quincy, California says, "I would describe the entrepreneur mindset as – first and foremost – optimism. Because that will drive everything else."  She goes on to say, "“It gives you hope that whatever your challenge is, you will be able to overcome it. Optimism is what attracts other people. People are naturally attracted to optimists and people with great attitudes.”

Read:  Learning entrepreneurship on a global economy scale

Thursday, November 20, 2014

Take It Global in 2015

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I wrote the article below originally for About.com's Import and Export site and then decided to feature it on LinkedIn where I am a key influencer.  That's when it went viral.  On my Twitter account @LaurelDelaney, it was the first time I was "trending in Australia!" Even Pulse picked up the article as a special feature.  Have a look:

7 Unexpected Reasons to Take Your Business Global in 2015

Wednesday, November 19, 2014

Global Ecommerce Sales Are Expected to Reach $1.4 Trillion by 2016

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According to a report from Deloitte Digital, global ecommerce sales are expected to reach $1.4 trillion by 2016.  Retailers are finally recognizing the huge opportunity of going global with their business.

Discover what the four key trends (drivers) are in global ecommerce growth.

Here's one:
Increase in global shipping: International shipping is seeing its growth driven primarily through flexible shipping options and fulfillment services that provide retailers low-cost/low-risk options for gaining exposure in new areas. With the ability to outsource fulfillment, retailers can reach customers beyond their domestic market without having to invest in building a global infrastructure.

Tuesday, November 18, 2014

How to Juice Up Exports

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The Obama administration promised to double exports in five years - from 2009-2014.  But we are far short of that goal.  Still, some products including fossil fuels have surged despite policy barriers at the border.

Read:  Obama Looks to Jump-Start Export Push
Note:  If every small business owner had the opportunity to read Exporting:  The Definitive Guide to Selling Abroad Profitably, we would have a better chance at doubling exports in the NEXT five years.

Monday, November 17, 2014

Today in Global Small Business: Singles Day, Divorce Day, Pets Day; Can China Teach the World How to Shop?

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

Saturday, November 15, 2014

The Hourglass of Our Life

©2014 Laurel J. Delaney.  All rights reserved.
"The more sand that has escaped from the hourglass of our life, the clearer we should see through it." - Niccolo Machiavelli

Friday, November 14, 2014

Innocent Until Proven Guilty: U.S. Export-Import Bank

How do you define what is a small (vs. BIG) business?  Is it based on the size of revenues?  Number of employees?  Apparently everyone, including Ex-Im Bank, is struggling with that very same question.  The latest on the trials and tribulations of the U.S. Export-Import Bank.

Ex-Im Misleads Congress and the Public About Helping Small Businesses
But an investigation by the Reuters news agency has found that potentially hundreds of the subsidy recipients categorized as “small businesses” by Ex-Im are actually very large enterprises or units of multinational conglomerates.
Exclusive:  Export-Import Bank admits errors in small biz data - Yahoo News
The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy.
Export-Import Bank's list of 'small' businesses draws fire from conservatives | TribLIVE
A comparison of about 6,000 businesses characterized by Ex-Im as “small” with information supplied by corporate data collector Dun & Bradstreet, which Ex-Im uses to vet applicants, and other sources turns up about 200 companies that appear to be mislabeled and many more whose classification is uncertain.

Thursday, November 13, 2014

How to Build a High-Performing and Truly Entrepreneurial Global Business

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Ever heard of organizing a company around a conceptual framework?  That's the way Haier's leader, China philosopher-CEO Zhang Ruimin, describes how he built a winning global company by continually reframing his management philosophy.  Haier is the world's fastest-growing appliance maker.  Other things Haier excels at:

"... the largest market share in “white goods” worldwide—about 14 percent of a market with at least seven other major competitors. It is also a world leader in business innovation and one of the largest non-state-owned enterprises in China."

Art Kleiner, Editor in Chief of strategy+business writes a wonderful spread on Zhang and his success tips for running Haier.  Before we get to it, the following statement encapsulates how Zhang pulled off leading a high-performing and truly entrepreneurial global business:
Zhang has steadily initiated shifts in the company’s structure, moving consistently toward participative management, decentralized decision making, and autonomous but accountable work teams and platforms. 
Read the entire article:  China's Philosopher - CEO Zhang Ruimin