Wednesday, August 16, 2017

Staying Relevant

©iStock/BrianAJackson
Some global small businesses are very good at staying relevant. Some not so much.
Think about the well-documented stories of Sony Walkman failing to take advantage of the digital music era, the taxi industry doing little to effectively battle Uber and many, many more examples. This is all comes back to a loss of relevance with an audience and it is one of the biggest risks facing all of us in business today.
So how do you make sure you stay relevant?

Read more ...

Monday, August 14, 2017

Today in Global Small Business: What Makes For a Successful Global Business Leader?

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

Saturday, August 12, 2017

What's Your Place in History? Mine Is Clouds

©2013 Laurel J. Delaney.  All rights reserved.
"All of us have a place in history.  Mine is clouds." -- Richard Brautigan

Friday, August 11, 2017

A Golden Age for Small Business

©iStock/krung99
Since President Trump took office, small-business owners have grown more confident in the economy.
The businesses in the survey [The National Federation of Independent Businesses’ Index of Small Business Optimism] reported increased confidence on nearly every front, saying they expected higher sales and planned to hire more workers, increase inventories and expand their business.
Corporations are currently taxed at a lower top rate than pass-through businesses, which account for 75 percent of small businesses. They pay the same tax rates as any other worker.

President Trump:  “America is on the verge of a golden age for small business,” he said at a recent White House event with more than 100 small business owners.

Read more ...

Thursday, August 10, 2017

How to Develop an Insanely Natural Brand

©iStock/Smileus
“Shane [Shane Wolf, Lead Farmhand at Seed Phytonutrients] came to me [Brad Farrell, vice president of global brand marketing at L'Oreal] and said, ‘I’ve always wanted to break the rules and have an insanely natural brand.’ I knew this was a once-in-a-lifetime opportunity to work on something I believe in.”

Learn the story behind Seed Phytonutrients, a personal care brand that embraces organic farming both philosophically and practically, and how L’Oreal’s global chairman and CEO Jean-Paul Agon, embraced the creativity, sustainability, and especially the entrepreneurship of the project.

Wednesday, August 09, 2017

Put a Dent in the Universe

iStock/Vladir09
As Chris Myers says, "We tend to think globally and then try to apply our ideas locally. While this makes for a catchy slogan, it’s often easier said than done."
After all, most entrepreneurs want to solve big problems, disrupt age-old processes, and as Steve Jobs put it, put a dent in the universe.
He goes on to say, "By thinking locally and then scaling globally, entrepreneurs can create a thriving business and still make a splash on the global stage."

Read more ...

Tuesday, August 08, 2017

Chinese Women Must Liberate Themselves

©iStock/Tomwang112
Professor Jin Jiang, who studies gender in modern China, told Axios, "once [revolution] happens, it's really difficult to go back … before, women were liberated by the state … but now women have to liberate themselves."

Women empowered by equal access to education and economic opportunity have the resources to upend the socio-cultural restrictions of traditional Chinese gender roles, Pieke [Professor Frank Pieke at Leiden University] says.  "They're saying, 'Why not allow [men] to live in an imaginary world in which they think they are the boss? When, really, we [women] are the ones calling the shots."

Read more ...

Monday, August 07, 2017

Today in Global Small Business: Ways Outsourcing Can Save a Businesss

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

Saturday, August 05, 2017

What Would Life Be Without Home Grown Tomatoes?

©2017 Laurel J. Delaney.  All rights reserved.
"Home grown tomatoes, home grown tomatoes
What would life be like without homegrown tomatoes
Only two things that money can't buy
That's true love and home grown tomatoes."
-   John Denver, Home Grown Tomatoes

Thursday, August 03, 2017

Best Summer Reading List to Learn How to Go Global

©iStock/BongkarnThanyakij
There are so many good books on globalization -- some old, some new.  Summer is a great time to get caught up on them.  I had to think a long time here on which books to feature -- but I made my selection.  Kick back.  Relax.  Enjoy.  Ponder how you plan to take on the world before the start of a new year.

Get going.  Read these 10 books on globalization.

Wednesday, August 02, 2017

Digital Natives, Undefined

©iStock/lluzishan
Is Amazon a retailer?  E-commerce giant?  Cloud-computing service provider?  Logistics king?  Fulfillment behemoth?
Organizations such as these [see below]—digital natives that are not defined or constrained by any one industry—may seem like outliers.
Focusing on other companies such as Rakuten Ichiba (Japan) and Tencent (China), it becomes tough to categorize the industries these firms are operating in.  Why should we?

It's clear that digitization is shifting industry boundaries.

Read more ...

Tuesday, August 01, 2017

How to Take a Business Global (WEGGinar™)

©2017 Women Entrepreneurs GROW Global.  All rights reserved.
Have you ever thought about selling your products via e-commerce?  Questioned whether a Kickstarter campaign might fuel and fund your idea?  Wondered how to handle the fulfillment and transport of your products?  Debated on which online e-commerce platform will handle your global transactions? Worried about how to collect online payments from customers worldwide?  Lost sleep over how to put all this into place in a cohesive, strategic and global fashion where the end results spells success?

Well then you better sign up for the next WEGGinar™ on 8/2 over at Women Entrepreneurs GROW Global.  It's free but you must register to participate.  Sign up here.  Oh, by the way, I'll be on the WEGGinar™ to moderate the Q&A.  And it's the co-founders of Beddys.com who will be talking about how they did it: took their bed business global.  

Monday, July 31, 2017

Today in Global Small Business: A Virtual Tour of the International Space Station

©iStock/Natalia_80
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, July 29, 2017

Chicago: The Most Beautiful Great City

©2017 Laurel J. Delaney.  All rights reserved.
"Eventually, I think Chicago will be the most beautiful great city left in the world." -- Frank Lloyd Wright

Thursday, July 27, 2017

Wake Up World: Going Global Has Come Into Vogue

©iStock/fizkes
There is a new breed of small business that is both borderless and able to meet specific cultural needs, one that is cheaper to run but stays open longer.  No surprises there.  But here's the twist.
In developed economies, more and more employees are taking up remote employment, linked to their employers by video conference. If you count yourself among that group, however, chances are you work for a small business. More than 60% of telecommuters work for companies that employ less than 100 people.
It's a trend that is working itself around the globe.

Read more ... 

Wednesday, July 26, 2017

Sparking Exports in the West Midlands

©iStock/KrisKuzniar
As the article says below, "it has never been easier or a more important time to export."  And small businesses in the West Midlands (England) can play a vital role in sparking the new Midlands Engine by getting involved in exporting.  How?

"There are a huge number of businesses here that have exportable products. What we [the International Trade Minister's team] need to do is to really excite them about the opportunities that are out there.  We need to break down the myths people have created about why they shouldn't export."

Read more ...

Tuesday, July 25, 2017

Female Entrepreneurs with Global Ambition

MySmallBusiness spoke to five top female entrepreneurs from New York, the Bay Area in San Francisco, and London, along with female entrepreneurs from Sydney and Melbourne, about how they had global ambition, built their business, and the impact of location on their venture.

Read more ...

Monday, July 24, 2017

Today in Global Small Business: The Global Business Case for Learning a Language

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

Saturday, July 22, 2017

The Bee Will Come

©2017 Laurel J. Delaney.  All rights reserved.
"When the flower blossoms, the bee will come."  -- Srikumar Rao

Friday, July 21, 2017

Bite the Bullet and Go Global

©iStock/jcsdesigner
Dr. Jana Matthews says, "Exporting is a business risk – but then so is starting a company."
The problem is, all too often, fear. Behavioural economists tell us that the fear of loss is twice as strong as the joy of gain. It's no wonder that entrepreneurs fear expanding into a foreign country where people speak a different language, operate under a different set of rules, and where there's no certainty they'll get paid – even if they can find customers who want their products.
Read more ...

Thursday, July 20, 2017

The Young Entrepreneur Council Talks About Going Global

©iStock/a-image
Before deciding to enter a new market, organizations have to identify what that market is, based on the services they provide and their target audience. That’s why 13 members of the Young Entrepreneur Council (YEC) weighed in to address the following question.

“How can you best identify where you should be specifically expanding internationally based on your business model?"

Read more ...

Tuesday, July 18, 2017

Dubai Discounts Freight Rates for SMEs

©iStock/aksphoto
The agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, Dubai SME, has signed an agreement with DHL to launch the ‘Global Expansion Initiative for Small and Medium Enterprises’ program.
As per the new initiative, DHL will offer discounted freight charges and also provide access to workshops and training programmes on international expansion to Dubai SME members and companies rated under the SME RATE Framework.
This initiative instrumental to achieving the goals of the UAE Vision 2021 goal to building a diversified and sustainable economy, and aligns with the Dubai Plan 2021 goal of increasing the share of SMEs in the emirate’s GDP.

Read more ...

Monday, July 17, 2017

Today in Global Small Business: Turning Waste Bananas Into a Global Venture

©iStock/bhofack2
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, July 15, 2017

The Real You

©2017 Laurel J. Delaney.   All rights reserved.
"Just imagine becoming the way you used to be as a very young child, before you understood the meaning of any word, before opinions took over your mind.  The real you is loving, joyful, and free.  The real you is just like a flower, just like the wind, just like the ocean, just like the sun." -- Don Miguel Ruiz

Friday, July 14, 2017

25 Ways to Get Noticed with your Small Business

©iStock/JeremyRichards
Gabrielle Pickard-White writes a good article for Small Business Trends on 25 types of marketing strategies for small businesses -- from creating a website, to writing a blog, to hosting a webinar -- and most of these can be taken global.  Read more ...

Thursday, July 13, 2017

U.S. Puts the Brakes on Entrepreneurship From Other Countries

©iStock/Richman21
Shameful.  The Trump administration has put the brakes on a program to encourage entrepreneurs from other countries to start and grow businesses here. It's now on hold and the delay could be damaging and possibly permanent.
The discouraging signal  to entrepreneurs may well crush their interest in America and send them to India, Ireland and other countries eager to reach the innovation big leagues.
If we care about creating jobs, we must let foreign-born founders work their magic in America.  Immigrants such as Elon Musk, of Tesla and SpaceX fame; Sergey Brin of Google, Aart De Geus of Synopsys, Jerry Yang of Yahoo, Lyndon Rive of SolarCity, Sehat Sutardja and Weili Dai of Marvell and Patrick Lo of NetGear, all have created great enduring enterprises.

Here's a perfect ending to the article below:
A global economy has built America’s success over the past 50 years. If “America first” translates to isolationism — discouraging even legal immigration of the best and brightest — it will not make us “great” again.
Read more here.

Wednesday, July 12, 2017

The Online Shopping Experience Just Got Easier for SMEs

©iStock/Poike
The Atlanta, Georgia-based Elavon has teamed up with a leading shopping cart software provider 3dcart to offer an online storefront to businesses that seek to reinvent or create an online shopping experience.
“We [Elavon] partnered with leading shopping cart software provider, 3dcart, to deliver a cost-effective way to help SMBs get a dynamic, customer-friendly website up and running quickly so that they capture more online revenue,” head of Global Product and Innovation at Elavon Wally Mlynarski told the Small Business Trends
Learn more here.

Monday, July 10, 2017

Today in Global Small Business: The Great Borderbuster Newsletter

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

Saturday, July 08, 2017

Some Sort of Character

©2017 Laurel J. Delaney.  All rights reserved.
"Now, personally, I like a car with some sort of character." -- Richard Hammond

Friday, July 07, 2017

Find Wi-Fi

©iStock/Rawpixel
Facebook's 'Find Wi-Fi’ goes global and will allow billions of users to locate their nearest Facebook hotspot. And it will help especially small businesses in attracting more visitors to their venues.  It’s a simple Internet access extension of Facebook’s booming social media advertising business.
The service – including the value proposition for small businesses in particular – should be very attractive in emerging markets such as Asia and Latin America, where wireless data is often scarce or expensive or both.
Learn more here.

Thursday, July 06, 2017

How to Go From a Fledgling Business to a Scaled-Up Business

©iStock/Madedee
What scaling up means to one business owner can mean quite something else to another.  For example, are you looking to get a larger global footprint? Do you measure the size of your business by staff levels or turnover?

For that reason, UK-based Real Business has broken down a new Scale-up Hub into four pillars of content: technology, recruitment, exporting and funding.

Here's a sampling of their exporting pillar:
Exporting: Another way to expand your business is to go global, and these days it’s easier than ever before. However, that doesn’t mean there aren’t challenges. We will show you how to make the most of exporting opportunities while mitigating risks.
Scale-up Hub is a section of Real Business that provides essential advice on taking your business to the next level and is produced in association with webexpenses.com and webonboarding.com.

Learn more here.

Wednesday, July 05, 2017

The Age of Intelligence

©iStock/liuzishan
“By 2020, most human beings will have access to the internet. When you have everyone harnessed with this information, the world gets more inter-connected. It gets stronger. There’s more knowledge sharing. There’s more freedom and there’s more openness.”  That my reader, is according to Eric Schmidt, executive chairman of Alphabet Inc. (Google's parent company).

He goes on to say, “We’re entering what I call the age of abundance.  And during the age of abundance, we’re going to see a new age … the age of intelligence.

A report released by McKinsey Global Institute, highlighted the global growth of the artificial intelligence (AI) sector.  Companies are in for a big change.

Read more ...

Tuesday, July 04, 2017

USA: Global Domination

©iStock/RomoloTavani
Here's to USA -- for its entrepreneurship, innovation, freedom, independence, and gateway to the world (e.g., global domination).
According to Wikipedia, the 4th of July “is a federal holiday in the United States commemorating the adoption of the Declaration of Independence 241 years ago on July 4, 1776.”
Happy 4th of July to the United States of America!

Monday, July 03, 2017

Today in Global Small Business: 14 Fintech Startups to Watch

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

Saturday, July 01, 2017

Be Happy For This Moment

©2017 Laurel J. Delaney.  All rights reserved.
"Be happy for this moment.  This moment is your life."  -- Omar Khayyam

Friday, June 30, 2017

Immigrants Are the Future

©iStock/AAraujo
According to Quartz, "Unfortunately, at a time when we should be celebrating the positive impacts of immigration, multiple reports have indicated that the Department of Homeland Security plans to shut down a policy aimed at making it easier for international entrepreneurs to start and grow their businesses in the United States."

Quartz goes on to say:
The International Entrepreneur Rule, a policy which makes it easier for the world’s best and brightest entrepreneurs to start their own businesses in the United States, would create more jobs for Americans, and ensure our country remains competitive in the global economy.  It also provides an opportunity for these same entrepreneurs to stay in the United States, as long as they can demonstrate how their startup will provide significant public benefit to the American economy–through jobs, revenue, or investment. 
But that ruling is currently being challenged.  If the Department of Homeland Security rolls back the International Entrepreneur Rule, they are telling thousands of foreign entrepreneurs who are a large part of our future to start their companies abroad and compete with us [the US] abroad.

Read more ...

Thursday, June 29, 2017

Ivanka Trump to Lead US Delegation to the Global Entrepreneurship Summit in India 2017

©iStock/Sheriar_Irani
The Global Entrepreneurship Summit (GES), an initiative started by former US President Barack Obama, will have its eighth edition in India in 2017.  Donald Trump’s daughter and advisor Ivanka Trump is set to lead the US delegation to the event.
According to the official website of GES, the summit would “showcase inspiring entrepreneurs and investors from around the world creating new opportunities for investment, partnership, and collaboration; connect American entrepreneurs and investors with international counterparts to form lasting relationships; highlight entrepreneurship as means to address some of the most intractable global challenges.”
The summit's agenda includes workshops, panel discussion, talks, pitch competitions, mentoring and networking sessions to fuel the growth of companies participating in the summit.

Read more ...

Wednesday, June 28, 2017

Small Businesses Make a World of a Difference

©iStock/Galyna_P
In the United States we have Small Business Saturday, the Saturday after US Thanksgiving during one of the busiest shopping periods of the year, where people are encouraged to shop local.

In April, the UN General Assembly marked June 27, 2017 as a global day for the celebration of small and micro enterprises, recognizing the significant contribution this sector makes to its global 2030 Agenda for Sustainable Development.

To support local vendors ...
“Each and every one of you should go to three small businesses today and spend a minimum of $10 dollars,” he [Victorian Small Business Minister Philip Dalidakis] suggested. 
The reason [the UN] have got it right here is because small businesses do make a world of difference,” he [Dalidakis] said.

Read more ...

Tuesday, June 27, 2017

4 Ways to Tap Into Rapidly Developing Economies

©iStock/Radiokukka
As you craft your new overseas market expansion plan, think critically about where you should be going next to achieve massive growth. Discover the power of adding these tips that I [Laurel Delaney] write about here to your business development model and consider tapping into emerging markets to accelerate your company’s global growth.

Read more:  4 Ways to Achieve New Growth in Rapidly Developing Economies

Monday, June 26, 2017

Today in Global Small Business: Ireland's Most Powerful Women

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

Saturday, June 24, 2017

Radio Obsession

©2017 Laurel J. Delaney.  All rights reserved.
"I'm obsessed with radio.  It's a good start to Sunday morning." -- R.L. Stine

Friday, June 23, 2017

Be Local. Sell Global.

©iStock/JNBazinet
Hassle-free exporting is on the way thanks to the Amazon Marketplace.  Amazon claims they can help get you on the world stage.

The Amazon Academy took place last month at the Edinburgh International Conference Centre (EICC) in Edinburgh with the goal of helping small business owners navigate the world of ecommerce and exports.  If you couldn’t make the event itself, below is a round-up of some of the key points highlighted during the event.

Thanks to the internet and technology, Katie McQuaid, Director of Amazon Marketplace UK believes we can now be local and sell global.

Read more ...

Thursday, June 22, 2017

Internet Giants Are Transforming Trade

©iStock/KeremYucel
While the Internet giants such as eBay, Amazon and Alibaba are transforming trade, global small businesses are doing their best at making it work too.  But the biggest barrier to a large-scale increase in SME cross-border trade is lack of finance.
E-commerce platforms are shrinking the world. Research by eBay estimates that whereas a 10% increase in distance between two trading partners reduced conventional trade by 18%, this number reduces to only 3% over the eBay marketplace. 
The question that begs to be asked is:  What are banks doing to review their own SME and trade finance models to make more funds available for international trade.  This will help SMEs transform their global trade activities too.

Read more ...

Tuesday, June 20, 2017

Finding a Spark to Identify Solutions for Contemporary Problems

©iStock/g-stockstudio
More and more universities are promoting global entrepreneurship.  According to Katia Passerini, Ph.D., Dean, College of Professional Studies at St. John's University, an innovation and entrepreneurial movement is taking place around the world and is building environments that encourage new, forward-thinking approaches.
“By connecting with students from different parts of the world, my hope is that they find that spark to identify solutions for contemporary problems,” said Dr. Monteiro [Basilio Monteiro, Ph.D., Associate Professor of International Communication at St. John's University]. “The future of business is in small enterprises, and entrepreneurs are the ones who are best prepared to respond to the needs of the marketplace, and particularly promote effective sustainable development goals.”
Read more ...

Monday, June 19, 2017

Today In Global Small Business: How Can We Better Support Global Female Entrepreneurs?

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

Saturday, June 17, 2017

Save the World

©2017 Laurel J. Delaney.  All rights reserved.
"I can save today, you can save the world." -- Steve, from the Wonder Woman movie (2017)

Friday, June 16, 2017

Canadian SMEs Get Help From Their Government on Exports

©iStock/Halfpoint
How do Canadian SMEs boost their exports?  They turn to Export Development Canada (EDC), Canada's export credit agency, offering trade finance, export credit insurance, bonding services, and foreign market assistance.

Here's a look at some of the expertise offered by EDC:
and there's more, visit:  Export Development Center (EDC)

Thursday, June 15, 2017

7 Steps to Take a Business Global

©iStock/ilyaliren
Career advice expert Margaret Francis talks about how to transform a local business into a global brand that has the potential to impact billions of lives across the globe.  She focuses on seven (7) key steps to take a business global:
  1. Get ready and be prepared.
  2. Be focused.
  3. Use technology.
  4. Find reliable partners.
  5. Educate yourself about other cultures.
  6. Start slow.
  7. Utilize trade shows.
  8. Oh, there's one more:  Read a good book.
Read more ...

Wednesday, June 14, 2017

The Global Courtship of Female Entrepreneurs and Business Owners

©iStock/julief514
Facebook is catching up to Women Entrepreneurs GROW Global's (WEGG's) mission of wanting to help women entrepreneurs and small business owners achieve a more global reach.  Sheryl Sandberg, Facebook COO, says "People are worried about technology, worried about change, worried about globalization, and that worry is really centered on jobs and opportunity for themselves and their children."

The article cites:
Now in the U.S., women make up 40% of new entrepreneurs, the highest percentage since 1996, according to the Kauffman Index of Startup Activity. And across 51 economies, rates of women’s entrepreneurship increased 10% from 2015 to 2016, compared to 5% for men, according to the Global Entrepreneurship Monitor survey.  “As we give more people access to tools, we help use the full talent of the population and we give women a voice,” Sandberg said.
Read more ...

Tuesday, June 13, 2017

New Growth Engine: Exports

©iStock/petrenkod
Aiming for global markets from the beginning and investing aggressively in research and development are key to the overseas success of small and medium-sized enterprises.  Korean-based Dr. Jart+ is living proof.

Known for its cosmetics products packaged in containers that look more like medicine than makeup.  Doesn't matter.  It worked.  The products have been featured in Vogue and InStyle, sold in Sephora, and in 2015, it became the first Korean cosmetics brand to receive equity investment from Estee Lauder.  Dr.Jart is now available in 15 countries across Asia, the Middle East, Europe and North America.

Wait.  There's more.
According to the analysis [a report released by the Korea International Trade Association], the biggest booster for SMEs going abroad was tackling foreign markets from its early stage of business just as Dr. Jart+ had. “While the globalization of local companies used to be based off a strong domestic business, born-global companies tackle markets at home and abroad at the same time,” the report said. 
It is essential for a company and a country to find a new growth engine:  exports.

Read more ...