Saturday, May 26, 2018

How About 61 Donuts?

©2018 Laurel J. Delaney.  All rights reserved.
"It's nice to have my mother as someone I can talk to about acting. My dad's a director, so when he comes to watch me on set, he think it's his set. He's always telling a production assistant, 'Can you get me five donuts?'" -- Zoey Deutch

Friday, May 25, 2018

Is Your Company's Core Competency Transferable Overseas?

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Jim Altman, Middle Market Pennsylvania Regional Executive, Huntington Bank says, “To be successful in a foreign market, a company needs to gauge the viability of its product in that market, both in terms of its value proposition and price point, as well as understand the local competitive and regulatory landscapes."

He goes on to say, "“That requires assessing whether or not the competencies that made the company good domestically are transferable overseas.”

In an interview, Altman addresses 4 questions:
  1. How can companies determine whether they’re ready for the global stage?
  2. What commonly gets companies in trouble when they venture beyond the U.S. borders?
  3. How can a banking partner facilitate a company’s growth in the global market?
  4. What signals that a banking partner can support a company’s international efforts?
Read more about how to successfully set yourself up to go global.

Thursday, May 24, 2018

Global One-Stop Solution for SMEs

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Known through inner circles as the "Square of Europe," iZettle (Sweden), a small-business tools and payments provider, has been acquired by PayPal for $2.2 billion.

PayPal CEO Dan Schulman said: "iZettle and PayPal are a strategic fit, with a shared mission, values and culture -- and complementary product offerings and geographies. With nearly half a million merchants on their platform, Jacob de Geer and his team [at iZettle] add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omni-channel commerce."

I've always been a big fan of PayPal yet I also love Square.  Don't underestimate Square (USA) -- they've rolled out a ton of new offerings that are super cool for SMEs.  Pay them a visit to find out more.

Wednesday, May 23, 2018

Why You Should Bet on Women-Led Companies Locally or Globally

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There are a ton of super-smart women entrepreneurs round the globe.  Jonathan Sposato, author of "Better Together" and chairman of GeekWire and PicMonkey, discusses (in a video interview) why he is investing in companies run by women.

Why You Should Bet on Women-Led Companies Locally or Globally

Tuesday, May 22, 2018

Consumers Who Shop Internationally Spend More Than Those Who Shop Locally

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Quiz of the day.  Name the top markets for e-commerce?  Who are the next big players?  Think you know?  I thought I did too until I interviewed Melissa O'Malley, PayPal’s Director, Global Initiatives and Communications.

Read the entire interview here.

Meanwhile, Melissa O'Malley says:
Our research finds that consumers who shop internationally spend nearly twice as much as those who shop only domestically–clearly, cross-border sales can be a vital source of incremental revenue for merchants. 
And related to cross-border sales, every so often I send out an Exporting Guide newsletter.  My goal is for you to love learning about how to export.  Are you on the list?  Sign up on the right sidebar where it says Subscribe.

Monday, May 21, 2018

Today in Global Small Business: Four Women Are Solving Real-World Problems

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

Saturday, May 19, 2018

Best Wishes to Prince Harry and Meghan Markle

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May the years ahead be filled with lasting joy, love and happiness as you begin your new life together.

Friday, May 18, 2018

PayPal Extends Its Global Reach by Buying iZettle

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Holy cow!  PayPal has reached a deal to buy iZettle, Europe’s answer to the mobile payments company Square, for about $2.2 billion.

PayPal’s chief executive, Dan Schulman, says, "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile."

The deal is considered the company’s biggest takeover — and would underscore the arms race in the world of payments, especially as digital and mobile transactions are increasingly being adopted across the world.

Read more about PayPal agreeing to the $2.2 billion deal for European payments start-up iZettle.

Thursday, May 17, 2018

Produce Pioneers: Importing and Distributing Avocados

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Galen Newhouse and Randy Shoup started West Pak Avocado at a time when avocados where almost unheard of.
From selling fruit to local distributors from their small pack-house in California, the pair have grown the company into what it is today - a multinational distributor with five distribution centers delivering fruit from California, Mexico and South America to customers in North America, Asia and the Middle East. 
Newhouse added that they were successful in the end and credits integrity, honesty and reliability with that success. "We won them over because we always delivered and did what we promised. We always did what we said we were going to do so, and overall we overcame the issue."

Learn more about the West Zak Avocado success journey -- from small avocado company to global business.

Wednesday, May 16, 2018

A New Era of Global Trade

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Christine Lagarde, IMF Managing Director, talks about the future of trade, especially in Portland, Oregon—which she thinks is a fitting venue for her speech on global trade.
Why? Because global trade has a lot in common with the famous bridges across the Willamette River. Some are old, and some are new. Some are in good shape, while others are creaking. Some are non-descript, while others are exceedingly beautiful.
As Christine goes on to say, "Despite their differences, all these bridges are getting the job done—connecting communities and businesses, and encouraging the flow of products, capital, and ideas. This is, in many ways, the story of global trade."

Read more about Christine Lagarde's speech on creating a better global trade system.

Tuesday, May 15, 2018

The Nordic Museum: A Celebration of Arts, Culture and Innovation

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The new Nordic Museum, costing about $50 million to build, is based in Seattle and celebrates the city’s many immigrants from Scandinavia and nearby countries.  It includes a soaring Fjord Hall with 20-foot-high glass-walled walkways. The walkways are intended to suggest the immigrant experience.

The museum location, the neighborhood of Ballard, is considered the home to a large Nordic population.

Learn more about the Nordic Museum here.

Monday, May 14, 2018

Today in Global Small Business: From a Small Business to a Global Brand

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What's affecting me, my clients, my colleagues and other global small business owners:
  • Following one simple plan  -- find out what it is -- grew a tiny Hong Kong shop from a small business into a global brand.
  • Three winners of the Google video competition -- in partnership with the International Chamber of Commerce and World Trade Organization.
  • Consumers can now buy high-end products from airport duty-free shops, department store counters and e-commerce channels; learn which category is ruling the roost.
  • Believe it or not, everyone can compete on the global playing field.
  • The day after Mother's Day:  lessons from Mom from entrepreneurial leaders.
  • Just land a new customer overseas?  Losing sleep over how to get paid?  Attend the next educational WEGGinar™, Wednesday, June 6 at 11:00 a.m. Central Time, "Grow Globally by Offering Competitive Financing Solutions" and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Tamara will make sure you don't lose a customer as a result of not knowing how to finance the deal. The WEGGinar™ is free of charge, thanks to the generous support of global sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/7394069852172520451.