Friday, November 17, 2017

Hiring Abroad Doesn't Come at the Expense of U.S. Workers

©iStock/shironosov
U.S. President Trump assumes that when U.S. multinationals expand abroad, it necessarily reduces the number of people they employ in the U.S.  But this assumption is wrong, and tariffs would hurt American workers, not help them.
Academic research has repeatedly found that when U.S. multinationals hire more people at their overseas affiliates, it does not come at the expense of American jobs.  How can this be?
Read more:  The 'Exporting of Jobs' Canard (might require registration)

Wednesday, November 15, 2017

Social Businesses Can Cure Poverty

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Nobel winner Muhammad Yunus, who won the Nobel for his work in microfinance, explains how so-called social businesses can make everyone an entrepreneur and remedy inequality.

Yunus encourages us to see the world not through the lens of profit, but of social impact.

He spoke about his book, A World of Three Zeroes: The New Economics of Zero Poverty, Zero Unemployment and Zero Net Carbon Emissions on the Knowledge@Wharton show.

Learn more about why a Nobel Laureate believes 'social businesses' can cure poverty.

Tuesday, November 14, 2017

The Seller Summit

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What is the Seller Summit?  It's tricky.  Amazon recently ran an event, referred to as a Seller Summit, attended by 500 interested in selling via the soon to be launched local version of Marketplace, the third party selling platform which generates more than half Amazon’s total global revenue.  The 500 who attended the event will be on a priority list of those to get an invitation-only to sell via Amazon Marketplace.  (Gee, sounds a little bit like the old Gilt business model where you had to wait to be invited.)

Amazon plans to launch in Australia with both a direct retail presence and an Amazon Marketplace offering of local sellers.
“We held the Seller Summit to encourage and educate Australian businesses on how they can use Amazon Marketplace to take their products to a global audience,” says [Rocco] Braeuniger [Amazon Australia country head].
Read more about how Amazon is quietly building a supplier network for direct sales in Australia.

Monday, November 13, 2017

Today in Global Small Business: Ten Places to Look for Import and Export Help

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

Saturday, November 11, 2017

La Creperie: Best-Kept French Secret in Chicago

 
One of my favorite best-kept French secrets:  La Creperie, the oldest Creperie in the U.S.  I started dining there in 1977.  Still love it.  It's right across the street from the Landmark Century Centre Cinema on Clark Street in Chicago.

Photos courtesy:  @2017 Laurel J. Delaney.  All rights reserved.

Friday, November 10, 2017

SMEs Power American Commerce

©iStock/monsitj
Small and medium-sized businesses power American commerce, comprising 99 percent of firms in the country.  Further, technology has changed the global economy and our business landscape several times over, and we're in the midst of yet another fundamental shift.
Thanks to technology, small and medium-sized businesses are able to participate in the global marketplace with much greater ease. This includes marketing, selling, and exporting their products to customers abroad. Despite their size, small companies have an outsized role in global trade, accounting for 98 percent of U.S. exporters and about one-third of merchandise exports.
Read more about how technology is essential to the future of small businesses across America.

Thursday, November 09, 2017

Firms That Export, Are More Productive than Those That Don't

©iStock/AnjoKoanFotografie
The Uganda Women Entrepreneurs Association Limited (UWEAL) is joining the rest of the world to celebrate the Month of Women Entrepreneurs (MOWE), which is a global event that is celebrated in November with the aim of appreciating women's success and inspiring millions of others that are still held up in the confines of cultural and gender-norms or lack capital, information and knowledge to start a business.
“According to our 2017 research, among 210 women in Kampala, only 44 (21%) are exporting and yet Uganda has secured huge markets in China, USA, European Union, as well as COMESA. The truth is, firms that export earn more, pay more, employ more and are more productive than firms that do not export,” Gudula noted.
Read more about women in business to receive export training.

Wednesday, November 08, 2017

90 Percent of Businesses in Bahrain Are SMEs

©iStock/eugenesergeev
According to a 2017 international entrepreneurship analysis, the Global Entrepreneurship Development Institute (GEDI) ranked Bahrain 34th out of 137 countries and fifth in the Mena region.
It is estimated that around 90 per cent of businesses in Bahrain are SMEs, and their contribution accounts for about 30 per cent of the kingdom’s GDP. Recently, the World Bank listed Bahrain among the world’s top 10 most improved economies for adopting reforms that make it easier to start and operate small and medium-sized Enterprises (SMES).
Luckily, Microsoft has launched its Microsoft 365 Business in Bahrain, a multifaceted workplace solution to cover productivity, admin and security needs of the SME sector.

Read more about how Microsoft 365 Business launched in Bahrain.

Tuesday, November 07, 2017

New Gen Startup Campus in Johannesburg, South Africa

©iStock/ViewApart
Virgin Group founder, Sir Richard Branson, will open the 10th anniversary celebration of Global Entrepreneurship Week (GEW) by participating in the launch of a new startup campus in Johannesburg, South Africa.

The campus is the first one opened by the Global Entrepreneurship Network - offering direct and virtual support services to entrepreneurs throughout Africa as well as access to an international network of mentors, investors and entrepreneurial support organizations.

Learn more ... new Gen startup campus, 22 on Sloane, in Johannesburg, South Africa.

Monday, November 06, 2017

Today in Global Small Business: PayPal Marketplaces Goes Global

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What's affecting me, my clients, my colleagues and other global small business owners:
  • How do you create a workplace that works?  Joselyn DiPetta at Google, and Managing Partner, Present Possibility, will address that topic in the next WEGGinar™ held on Wednesday, December 6 at 11:00 a.m. Central time. WEGGinar™ is no charge but you must sign up to attend: https://register.gotowebinar.com/register/1837790091765976835.
  • Alibaba sets up a hub for small businesses to go global.
  • E-commerce offers significant opportunities to the logistics industry. 
  • PayPal Marketplaces goes global.  What is PayPal Marketplaces and how does it differ from regular PayPal?  Find out here.
  • Learn how two e-commerce giants -- one being Amazing -- are trying to export their success.
  • Discover not 1 but 27 social media tools that will help you become a savvy global marketer.

Saturday, November 04, 2017

I Say a Little Prayer

©2017 Laurel J. Delaney.  All rights reserved.
A song written by Burt Bacharach and Hal David for Dionne Warwick, "I Say a Little Prayer," originally peaked at number four on the U.S. Billboard Hot 100 pop singles chart in December 1967.

Friday, November 03, 2017

How to Become a Savvy Global Marketer

©iStock/royyimzy
Below is an article I [Laurel Delaney] wrote on ways to harness the power of affordable social media tools and take the conversation to a whole new level of global growth for your business.

27 Affordable Social Media Tools for Savvy Global Marketers

Thursday, November 02, 2017

Boosting International Trade for Small Businesses

©iStock/monsitj
The World Trade Organization (WTO) says that helping small enterprises enter global markets "will go a long way to making the trading system more inclusive and improving the lives of individuals and communities around the world.”

WTO seeks to open trade opportunities for small firms.  Some of the biggest challenges for them on international trade include but are not limited to:
  • Lack of appropriate information and skills
  • Lack of trade finance
  • Burdensome customs procedures
  • High fixed costs
Read more about how the World Trade Organization wants to raise the voice of small enterprises in trade and enable them to prosper across borders.

Wednesday, November 01, 2017

Global Expansion is Gathering Speed

©iStock/Kicha011
Some of the world’s best known companies from Amazon.com Inc. to Volkswagen AG are ramping up spending on new plants and equipment after years of caution. For an international economic expansion already gathering speed, that could prove a boon.
Amazon is spreading its international reach with operations in India, Australia and Latin America. It also has invited U.S. states and local governments to submit proposals for a new headquarters that will cost $5 billion and create 50,000 jobs over the next 15 to 17 years.
According to Mark Vitner, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, “Small business owners are definitely spending more on equipment."  He goes on to say, “This marks a real change and partly reflects the improved regulatory environment, which is seeing less new regulation coming on line.”

Read more about how the missing piece of the global growth is finally starting to fall into place.