Wednesday, July 18, 2018

Women Entrepreneurs Are Unlocking Opportunities for Global Expansion

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Devishobha Chandramouli, guest writer for Entrepreneur Magazine and Founder and Editor, of Kidskintha says:
Understanding women’s entrepreneurial attitudes, trends and activity from all over the globe will help shape government policies at various levels along with the numerous educational and training programs aimed at improving the business environment for women.
She goes on to say, "The Global Entrepreneurship Monitor (GEM) Report for Women 2016/17 reports that 274 million women were already running their own businesses across 74 economies, of which 111 million were running well-established businesses by 2016."

Read more about six global trends that Devishobha discovered from the GEM Women report.

Note:  Women entrepreneurs are unlocking opportunities for global expansion and Women Entrepreneurs Grow Global (WEGG), which is referenced in the article, is an organization that supports female entrepreneurs in taking their businesses global.

Tuesday, July 17, 2018

Risks to Global Growth Are Rising

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While the IMF has maintained its global growth forecast of 3.9% for this year and next, it has cut the outlook for the UK and the eurozone among others.
The outlook for the global economy has darkened as trade tensions rise and growth becomes uneven, according to the International Monetary Fund (IMF).
Read more on how Trump's tariffs will hurt global growth, the International Monetary Fund warns.

Monday, July 16, 2018

Today in Global Small Business: The E-Commerce Edition

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

Saturday, July 14, 2018

Find Perfection in Your Life

©2018 Laurel J. Delaney.  All right reserved.
"It's very hard to find perfection in your life.  But in the art world you can do that." -- Washed Out

Friday, July 13, 2018

Singapore SMEs Need Help Going Global

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Is there room for further global growth for Singaporean SMEs? You bet.  According to new research from the Association of Chartered Certified Accountants (ACCA), small and medium enterprises (SMEs) in Singapore would like more information and support on global trade opportunities to help them internationalize.

What's the biggest barrier?  Competition.
Some 43 per cent of respondents said that the most helpful measures for enabling more SMEs to participate in global trade were providing more information and support on trade opportunities, while the same number said securing new or improved trade agreements was crucial.
Read more about how Singapore SMEs could do with more help to go global.

Thursday, July 12, 2018

The Wimbledon All-White Dress Code

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One of the more famous (and somewhat controversial) traditions at Wimbledon is the all-white dress code for participating athletes. Proper apparel is at the discretion of the referee, who can force a player to change his or her clothing.

Why the big fuss?
The rule apparently dates back to the 1800s when the sight of sweaty patches of colored clothing was seen as inappropriate. The “predominately in white” rule was adopted by Wimbledon in 1963 before it evolved into the “almost entirely in white rule” in 1995. Accessories were included in the rule beginning in 2004.
Read more -- for even if you are an athlete who is a global star, rules are rules and not to be broken.

Wednesday, July 11, 2018

How Does US Manufacturing Compare to that of Other Nations?

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How does American manufacturing compare to that of other nations?

In a Brookings report, they develop a global manufacturing scorecard that looks at five dimensions of the manufacturing environment: 1) overall policies and regulations; 2) tax policy; 3) energy, transportation, and health costs; 4) workforce quality; and 5) infrastructure and innovation.

Key finding:
China is the top nation in terms of manufacturing output and the percentage of its national output that is generated by that sector. Poland meanwhile has the highest percentage of its workforce employed in manufacturing.
Another insight:
Small manufacturing firms often cite congestion, logistical, or connectivity problems as major barriers to overcome. As developing economies look to export more, increased transportation infrastructure investment is necessary in order to reach global markets. Moreover, countries that already have sound transportation infrastructures need efficient supply chains. 
They go on to say, "One cannot have high-performing manufacturing companies without adequate infrastructure."

We agree.

Learn more to find out how US compares to 18 other nations on manufacturing.

Tuesday, July 10, 2018

The Australian Age of Entrepreneurship

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According to Bernard Salt, managing director of The Demographics Group, there is very much an Australian age of entrepreneurship.
The 2016 census shows that most business owner-managers are aged between 45 and 53. The peaks are higher for men than for women but both sexes top out in their entrepreneurial capacity at this time in life. 
However, Salt goes on to say, "The grassroots of Australian entrepreneurship is based in the new housing estates and in the shopping strips and centres in middle Australia. But our concept of entrepreneurship doesn’t seem to be capable of being leveraged into the kinds of big businesses [Apple, Microsoft, Google, etc.] that have so defined America in the past generation."

By housing estates, he means that a lot of Australia's entrepreneurial muscle comprises of small businesses associated with house cons­truction.

Read on to learn why Australian entrepreneurs must strive for a global reach.

Monday, July 09, 2018

Today in Global Small Business: Whiskey Wars

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

Saturday, July 07, 2018

Laurel Delaney Taking a Picture of Marilyn Monroe

©2018 Laurel J. Delaney.  All rights reserved.
"I'm selfish, impatient and a little insecure.  I make mistakes.  I am out of control and at times hard to handle.  But if you can't handle me at my worst, then you sure as hell don't deserve me at my best."  -- Marilyn Monroe

Friday, July 06, 2018

Helping Global Small Businesses (GSBs) Soar

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I've been writing about global small businesses (GSBs) here since 2004 and I started talking about their importance more than 25 years ago when I first started Global TradeSource, Ltd.

In the recent edition of my best-selling book, Exporting: The Definitive Guide to Selling Abroad ProfitablyI wrote:
"It was 1985.  Even back then, I challenged conventional assumptions about how to compete and started to view markets outside the United States as the future of the business I had started: Global TradeSource, Ltd. I even put “global,” “trade,” and “source” in the company name, thereby shifting the buyer’s possibilities from being local
to those of the world and drawing upon the distinctive strengths of alternative, growing overseas markets as those that would offer the company’s products and services.

That kind of vision, along with a more recent facilitator called the Internet, has broken down every imaginable barrier to growth and prosperity and has transformed not just how we conduct business but the world at large. The moment you create a Web site, blog, or Facebook account, your point of contact with consumers becomes global. The Internet is the great global leveler and gives everyone a chance to make spectacular strides in exporting—by finding, acquiring, and servicing customers the world over faster than ever—which in turn drives profits and growth for businesses. The blueprint for prosperity in exports is right at your fingertips. Never has there been such attention to the Internet, interconnectedness, and exporting than now."(1)
As you can see, Exporting:  The Definitive Guide to Selling Abroad Profitably is much more than a book about export.  It's a book about how to establish and run a global small business that becomes great, global and soars.

(1)©2016 Laurel J. Delaney.  All rights reserved.

Thursday, July 05, 2018

Helping Women Improve Export Businesses

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Research shows that women owned enterprises in the Caribbean are concentrated in saturated sectors making it more difficult for them to grow.  We-Xport (Women Empowered through Export) is designed to strengthen and support women owned businesses to increase their ability to access financing, and, well, to export.

We-Xport is helping women improve export businesses.  Sounds similar to what WEGG is doing in the USA.

Wednesday, July 04, 2018

Land of the Free

©2018 Laurel J. Delaney.  All rights reserved.
"Government of the people, by the people, for the people, shall not perish from the Earth." -- Abraham Lincoln

Tuesday, July 03, 2018

Overcoming Barriers to International Expansion

©iStock/metamorworks
Once you’ve established your start-up in your home market, horizons often begin to broaden to growth opportunities in new markets overseas.  International expansion can also be an opportunity to diversify operations and to tap into new sources of talent and raw materials.

While going global is an expansion choice, there are still significant and often overlooked challenges if you’re a start-up entering foreign markets.

Here are a few with solutions on how to overcome barriers to expand into new territories.

Monday, July 02, 2018

Today in Global Small Business: Mid-Market Companies Can Make a Global Impact

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