Thursday, February 22, 2018

Uptick in Overall Optimism in America

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Some 69 percent of leaders from mid-size companies across the U.S. said they were optimistic about the global economy this year, more than double the 30 percent in 2017, according to a new study by JPMorgan Chase & Co.
The 2018 Business Leaders Outlook survey was conducted online among mid-size firms from Jan. 2 to Jan. 19, and included 1,685 executives and 955 small-business leaders across various industries in the U.S. Mid-size companies are defined as those with revenue of $20 million to $500 million, while small firms have $100,000 to $20 million.
There's an uptick in overall optimism in America as U.S. tax cuts and looser regulation improve the outlook for domestic growth, according to the report.

Read more about how U.S. companies are growing increasingly upbeat about world economy.

Tuesday, February 20, 2018

Laurel Delaney's 3 Solutions to the Nagging Question: How to Make Product Imports Profitable

©iStock/BrianAJackson
Whether you line up customers in advance or pre-sell merchandise, trust is a critical factor in the grand scheme of the product imports process.  Further, it is no surprise:  Importing for the first time is complex.  For example do you go this way, that way or the other way?  Yet the rewards for getting started can be lucrative — from access to cheaper products to a stronger competitive stance in the marketplace.

But the biggest mistake importers make is this:  How are you going to sell the product you import at a profit?  Below I provide three solutions to that nagging question.

Read the article so that you, too, can make money on your imports.

Monday, February 19, 2018

Today in Global Small Business: The Global Blockchain Ecosystem

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

Saturday, February 17, 2018

There Are Only Side Mirrors

©2018 Laurel J. Delaney.  All rights reserved.
"You know what no one tells you about driving a truck? You are driving a truck. There are only side mirrors, and it does not handle like a Prius." -- Ari Graynor

Friday, February 16, 2018

Olympic American Gold Medalist Mikaela Shiffrin

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What's the secret to Mikaela Shiffrin's -- best slalom skier in the world -- success?  She naps. 
I do it on every race,'' Shiffrin said after the race, USA Today reports. "There's always a little bit of time between the first and the second run and I think I had an hour today where I could sort of lie down for an hour on a bench in corner of the lodge."
Something to think about as you run your global small business. Read more about Shiffrin here.

Wednesday, February 14, 2018

Lack of Global Rules

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Participants at the recent first ever cross-border e-commerce conference held in Beijing, China had a specific goal:  to discuss recent developments, challenges, and opportunities, as well as the enormous potential of digital trade.

Out of the discussions came three key factors that are currently limiting the positive potential of cross-border e-commerce.  They are as follows:
  1. A lack of global rules
  2. Customs solutions for the e-commerce age
  3. Coordination is key
Read the complete Information Economy Report 2017: Digitization, Trade and Development, issued at a United Nations Conference on Trade and Development (UNCTAD), which states 7% of business-to-consumer e-commerce in 2015 crossed national borders, amounting to a total value of around US $189 billion.

Tuesday, February 13, 2018

Visiting Another Country? Know Your Hellos

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Before you visit a foreign country, there are so many details you should focus -- from how you might strengthen a relationship to what's the appropriate attire for business activities?

In "Ask a Cross-Cultural Expert:  Name 7 Global Trade Tips," Sharon Schweitzer covers:
  1. Speak their language
  2. Understand the local belief systems
  3. Know your hellos
  4. Respect local gender roles
  5. Be on local time
  6. Avoid cultural taboos
  7. Dress for success
And if that is not enough.  Ms. Schweitzer also emphasizes, "Be relationship-focused before, during and after your interactions overseas."  I could not agree more.  Read it here.

Monday, February 12, 2018

Today in Global Small Business: How the Year of the Dog Affects Foreign Firms in China

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

Saturday, February 10, 2018

Chicago: Mantled With Snow

©2018 Laurel J. Delaney.  All rights reserved.
"And finally Winter, with its bitin', whinin' wind, and all the land will be mantled with snow." -- Roy Bean

Friday, February 09, 2018

Aspiring Social Entrepreneurs Find a Niche

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As the world falls behind on some of the Sustainable Development Goals – inequality, consumption, climate change, and clean oceans – there are also places for aspiring social entrepreneurs to find a niche.  Fast Company discovers that four of our biggest global problems are big business opportunities.

Access the Global Opportunity Report 2018.  Another good read: From Global Goals to Urgent Solutions.

Wednesday, February 07, 2018

Help for Indian Firms Going Global

©iStock/monkeybusinessimages
The new Outward Direct Investment (ODI) policy may contain provisions to make it easy for many Indian firms, with big ambitious plans to transform themselves into multi-national companies (MNC), to go global and expand.

Historical perspective from the Export-Import Bank of India can be found here.

Discover more on how easier norms may help Indian firms go global.

Tuesday, February 06, 2018

How to Build Your Online Presence: Be Bold

©2018 Women Entrepreneurs Grow Global.  All rights reserved.
Attend the next WEGGinar™, Wednesday, February 7 at 11:00 a.m. Central Time: “Dare to Be Bold! Here’s How,” presented by CamMI Pham, Partner, ThinkRenegade. CamMI will cover how to be found online, be true to yourself and discover new ways of unveiling your strengths.

In addition, you will learn the secrets to how CamMI acquired a million (1 million) followers on Twitter and more than six-five thousand (65,000) Instagram followers. Yes, it takes perseverance but there's more to it than just that.

The WEGGinar™ is FREE, thanks to the generous support of WEGG sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/2297562974983287811. For updates, visit: http://tinyurl.com/pzz7xkd

Explore here: http://www.womenentrepreneursGROWglobal.org (@WEGGtoday; Like WEGG on Facebook: https://www.facebook.com/womenentrepreneursgrowglobal).

I'll be on the WEGGinar™ to field your questions.

Monday, February 05, 2018

Today in Global Small Business: Knowledge is Power in Global Business

©iStock/Michail_Petrov-96
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, February 03, 2018

There Is Nothing to Writing

©2018 Laurel J. Delaney.  All right reserved.
"There is nothing to writing. All you do is sit down at a typewriter and bleed." -- Ernest Hemingway

Friday, February 02, 2018

Teaching Entrepreneurship Worldwide

©iStock/YabobchukOlena
The Global Startup Labs (GSL) program from MIT International Science and Technology Initiatives (MISTI) continues to recruit undergrads and graduate students across the Institute to teach entrepreneurship around the world.  It now enters its 18th year.
Initially launched as a pilot program in Kenya, MISTI GSL now offers projects in 10 countries: Azerbaijan, Belgium, Brazil, Germany, Mauritius, Mexico, Nepal, Peru, Rwanda, and South Africa. Working in teams of three to four, MIT students travel abroad to help other students launch tech-based companies.
Read more about the MISTI Global Startup Labs and how to apply.

Thursday, February 01, 2018

Learn the Ropes Before You Travel Internationally

©iStock/Creative-Touch
Thinking about making your first trip overseas?  Before you even begin to plan your trip, first-time international travelers should work with an experienced travel agent who knows the country and can help you make decisions.

Details such as a whether you need a current passport, how to speed up the security process, how to convert currency and get appropriate health vaccinations required in certain countries, which all matter in terms of prepping in advance of your trip.

And don't forget about learning the language (a bit).  Well before and once you arrive in the country, it's time to learn and experience everything you can about its culture.

Read more about immersing yourself in a country before you visit and how to learn the ropes before you show up.