So your small business is experiencing better-than-expected growth, and you're ready to take the next step and expand globally? Think about when you go shopping -- more often than not, you may notice phrases like "Made in Mexico," "Made in Sri Lanka" or "Made in Italy." Perhaps they're on your clothing tags, your daughter's new doll, the towels in your bathroom or the radio on your desk.
After studying Japanese in college and living in Japan for part of the ’90s, James Allard always wanted to do something in business that was Japan-related. When he and Steve Rosen decided to start a business in 2004, they went to Japan to search for a product they could import to the U.S. In a Tokyo department store bathroom, they spotted an electric hand dryer made by Japanese conglomerate Mitsubishi.
Yes, shrinkage. True, the total global population has not yet finished increasing. But nearly half the world's population lives in countries where the native-born are not reproducing fast enough to replace themselves. This is true in Western Europe, Eastern Europe, Russia, Japan, Canada and the United States. It's also true in much of East Asia, pockets of Latin America and such Indian megacities as New Delhi, Mumbai (Bombay), Kolkata (Calcutta) and Chennai (Madras). Even China is reproducing at levels that fall short of replacement.
End result: the United States reaches a demographic milestone with an anticipated population of 300 million -- behind only that of China and India -- thanks largely NOT to Lou Dobbs but rather to immigration.
It’s a global village out there, with marketplaces outside American borders beckoning as never before, even to small and startup companies. Technologies such as the Internet and cheap telecommunications truly have shrunk the world to a point where it’s much easier for a entrepreneurs to get their arms around it.
But opportunity isn’t everything when it comes to entering foreign markets.
If you are not a subscriber to Borderbuster, here's a glimpse of what you missed this month:
1. Welcome From The Publisher
2. Feedback From Our Readers
3. U.S. REITs Looking Overseas to Expand*
4. Business and Cultural Tips: Have Some Fun!*
5. Design Without Borders*
6. How I Went Global: Ongoing Series // ThomasNet.com
7. A Reader Asks: Q&A*
8. Everybody Loves a Freebie -- repeat: FREE OFFER*
9. Go Global Out of the Gate*
10. Report From The Field: Cairo, Egypt*
11. Taking Over The World*
12. Blog World: Going Global*
13. Laurel’s e-Book: “GODZILLA Global Marketing!”
14. Take A Walk On The Wild Side (TAWOTWS)*
15. Wind Behind Your Sail*
*Indicates exclusive to Borderbuster subscribers only.
14. TAKE A WALK ON THE WILD SIDE (TAWOTWS)
If you can think wild thoughts, then you can most certainly go global.
Ever wish you were a painter? Now you can be one at this site, which lets anyone emulate the late Pollock and his “Jack The Dripper” technique of glopping paint on a canvas from a height. But you do it with your mouse, changing colors with a click.
The Global Small Business Blog (GSBB) was founded on July 20, 2004 by Laurel Delaney (pictured) for the purpose of helping entrepreneurs and small businesses expand their businesses internationally. It is ranked No. 1 in the world for entrepreneurs and small businesses interested in going global. Learn more about Laureland visit her company GlobeTrade.com.
2nd Edition Available 10/1/16 and endorsed by Jim Collins. Pre-order Now!
"Good to Great" best-selling author Jim Collins says, "Laurel Delaney writes in a tremendous spirit of service to entrepreneurial and small business leaders navigating the opportunities of globalization. Whether leading a fresh startup, a small business, or an entrepreneurial growth company seeking greatness, the question of whether―and how―to go global must be addressed. Delaney shows yet again her passionate dedication to serving her readers with deeply practical guidance.”