![]() |
| ©iStock/laflor |
Here’s what Stephen Witt thinks led to Huang's downfall.
![]() |
| ©iStock/laflor |
Here’s what Stephen Witt thinks led to Huang's downfall.
![]() |
| ©iStock/HAKINMHAN |
Krinsky lost $3 million trying to run the High Point plant, where high labor costs and lower efficiency made his $1,500 sofa unprofitable.
U.S. customs officials flagged 17 shipments from Krinsky’s Vietnam factory, demanding $135,000 in tariffs by claiming the goods should be considered made in China.
Key moment: Around 2023, he sat down with his most important supplier, a husband-and-wife team in China producing 35% of his inventory. Krinsky said that if Trump won again and tariffs on China skyrocketed, TOV Furniture would be screwed.
Great statement by Bruce: “I came in really hoping that this administration would be really positive for business,” Krinsky said. “I wish they were more in touch with the reality of what is happening on the ground and what people really want.”
Read the entire article. What a story!
![]() |
| ©iStock/EtiAmmos |
Yet failure is life's greatest teacher. When we take a closer look at the great thinkers throughout history, a willingness to take on failure isn’t a new or extraordinary thought at all. From the likes of Augustine, Darwin and Freud to the business mavericks and sports legends of today, failure is as powerful a tool as any in reaching great success.
Keep finding better ways to run your life.
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. In October 2026, we crossed over 1.4 million readers! Thank you for your engagement! We offer all the global small business news fit to blog about.
![]() |
| ©iStock/vadishzainer |
The program provided small businesses with high export potential in the consumer goods sector with phased support, including education to strengthen their export capabilities, development and commercialization of export-ready products, and participation in overseas consumer goods exhibitions.
To learn more, visit here.
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. In October 2026, we crossed over 1.4 million readers! Thank you for your engagement! We offer all the global small business news fit to blog about.
![]() |
| ©iStock/Taka Iqbal Prakasa |
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. In October 2026, we crossed over 1.4 million readers! Thank you for your engagement! All the global business news fit to blog about.
![]() |
| ©2026 Laurel J. Delaney. All rights reserved. |
![]() |
| ©2026 Women Entrepreneurs Grow Global®. All rights reserved. |
She sees opportunity around every corner she turns, embraces risk, and enjoys building businesses.
Today she’s Co-Founder and Co-Owner of U3 COFFEE.
Join Women Entrepreneurs Grow Global® Tuesday, November 10 at 11 AM CT for Success On Her Terms: “Billion-Dollar Exits: The Thrill Is in the Building,” hosted by Women Entrepreneurs Grow Global® with Merrill Lynch's Baldwin Marcovici Group.
Kristi Ross will sit down with Alexandra Didac, CPWA®, CRPC™, CEPA®, for a candid conversation.
Register to save your spot and hear Kristi’s journey: https://womenentrepreneursgrowglobal.org/2026/10/27/success-on-her-terms-wegginar-billion-dollar-exits/
See you there!
![]() |
| ©iStock/Skyisme |
"Canada is facing an entrepreneurial drought, meaning that at the moment, more small businesses are closing than opening in this country," says Jasmin Guénette, vice-president of federal affairs at CFIB.
![]() |
| ©iStock/saicle |
The outcome matters far beyond U.S. borders. Four foreign policy issues—the Iran war, U.S. trade policy, artificial intelligence (AI), and immigration shaped how voters judged the economy. Those same forces drive supply chains, energy prices and market access for small businesses worldwide. Trade policy hits home: the Tax Policy Center estimated in September that tariffs under current law will impose an average burden of about $920 per U.S. household in 2026.
American politics rarely goes as predicted. Republicans underperformed in both earlier midterms of the Trump era, but the president has shown he can turn out his most loyal voters. He has also raised doubts about the U.S. election system without evidence, which has led to concerns about federal interference in the results.
For global entrepreneurs, the key question is whether the new Congress will push back on tariffs. That will tell you a great deal about the trading environment in 2027.
There's still time to register for, "Reading the Tax Tea Leaves: A Post-Midterm Forecast For Small Business Owners," today, 11/4/26 at 11 AM CT. Register for free: https://womenentrepreneursgrowglobal.org/2026/10/07/reading-the-tax-tea-leaves-a-post-midterm-forecast-for-small-business-owners/
![]() |
| ©2026 Laurel J. Delaney. All rights reserved. |
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. In October 2026, we crossed over 1.4 million readers! Thank you for your engagement! All the global business news fit to blog about.