Monday, May 20, 2019

Today in Global Small Business: If You Want to Lift Up Humanity, Empower Women

What's affecting me, my clients, my colleagues and other global small business owners:
  • Anytime is a good time to expand a business internationally.  Don't let anyone tell you otherwise.
  • Quote of the week:  “If you want to lift up humanity, empower women.  It is the most comprehensive, pervasive, high-leverage investment you can make in human beings.” – Melinda Gates
  • With global sales among franchisees doubling to $2 billion over the last five years, Waco-based Neighborly has become a household name.
  • Entrepreneurs burn out and often walk away from their businesses before they reach the success levels they so longed to reach. They give up just before things “take off” in their business.  Find out why and what to do about it.
  • Global trade and exportation of such good is an intricate, complex, and often difficult task that hinges on financing; trade financing.  Trade financing, much like many forms of credit providing, is a key component of the success of small to medium enterprises (SMEs), but that key is not always easy to obtain.  Learn how blockchain-based trade financing is playing into the equation.
  • India is looking to fight a lonely battle on global rules for e-commerce trade at the World Trade Organization (WTO) with close to 70 countries siding with the US to have a multilateral mechanism.    

Saturday, May 18, 2019

An Undiscovered Gem in Rogers Park, Illinois

Super easy to find -- right off the red line Jarvis stop in Rogers Park, Illinois.  It's Anto Pizza Chicago, a little storefront restaurant with limited seating that offers, among other things, freshly made pasta in a cone cup (yes you read that right) and Roman-style pizza.

Grab your seat at this little gem of a restaurant and enjoy the Italian fare.

Photos courtesy:  @2019 Laurel J. Delaney.  All rights reserved.

Friday, May 17, 2019

Grow Global with Google

©iStock/Mykyta Domatov
Google has always offered tips and tools on how to build an online presence.  But in this case, listen in on Google's President of Global Customer Solutions, Mary Ellen Coe, who shares specific tips to help your small business grow.

Grow your global small business with Google.

Thursday, May 16, 2019

With a Digital Presence, Small Businesses Can Grow Global

Jersey Business is expanding its presence from local – mechanics, hairdressers and electricians – to an off-island customer base that enables them to thrive, globally.
A number of our [says Alexia McClure, head of operations, Jersey Business] successful stores have a digital presence, particularly on social media, which allows them to sell to the UK and further afield. These sales enable our favourite outlets to be financially sustainable and, as a result, we, their local customers, benefit from their ability to maintain a vibrant offering.
It is a fact:  Many of these businesses think internationally right from the start.

McClure goes on to say:

"I think the breadth of Jersey’s existing exporting success has only just come to my attention because it is only in the past 12 months that we have really started to develop our support for businesses selling internationally."

Why limit your ambition when the world is there at your feet?

For Jersey and NY business owners, feel free to register for an export seminar on 7/18 that helps you develop a digital presence.

Wednesday, May 15, 2019

Ambitious Women Are Unleashing Their Potential by Starting Businesses

Foreign correspondent Tanzeel Akhtar talks to successful female entrepreneurs from Nigeria and South Africa to find out about their achievements and discover what motivates them.

Female entrepreneurship in sub-Saharan Africa is rising rapidly, with a number of ambitious women defying the odds, going solo and unleashing their potential.

There are also a number of global initiatives supporting and propelling female-run businesses on the continent but the fact remains that there are still challenges women need to overcome.

For example:
In sub-Saharan Africa, at least 40% of the labour force is female, according to the Pew Research Centre.  However, 74% of women’s non-agricultural employment is informal, in contrast with 61% for men.
Read more about the wonderful stories of women who dare to dream.  Be inspired.

Tuesday, May 14, 2019

Free-of-Charge Cybersecurity Toolkit for Global Small Businesses

When it comes to cybercrime the risks are great, especially for small businesses that are the lifeblood of the global economy.

The statistics, according to the World Economic Foum (WEF) show that 58% of cybercrime targets small businesses, with the global cost of cybercrime standing at $600 billion in 2018.
What many people don’t know, however, is that small businesses are often the easy way into larger enterprises. Attackers will, for example, gain access to the credentials of a small business in the supply chain of a large enterprise as a pathway into the larger company, and the breach will often go unnoticed until after the attack has been carried out.
Read more about how helping small businesses fight cybercrime benefits the global ecosystem.

Tip of the day:  The GCA Cybersecurity Toolkit for Small Business enables smaller firms to navigate the confusing array of advice free of charge, to help them shore up their cyber defenses and reduce their cyber risk.

Let's all work together to fight cybercrime on a global scale!

Monday, May 13, 2019

Today in Global Small Business: The Future of the Norwegian Startup Ecosystem

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

Saturday, May 11, 2019

Women Who Have Very Little Fear

©2019 Laurel J. Delaney.  All rights reserved.
"A lot of people would say 'sexy' is about the body. But to me, 'sexy' is a woman with confidence. I admire women who have very little fear." – Allegra Versace

Friday, May 10, 2019

Global Startup Ecosystem Report

Europe leads in the “number of top growing ecosystems across phases," says a recently released report Startup Genome’s 2019 Global Startup Ecosystem Report.
The Global Startup Ecosystem Report is “based on primary and secondary data from over 10,000 founders and more than one million companies across over 150 cities worldwide,” according to the authors, Startup Genome and the Global Entrepreneurship Network.
Amongst the top 10 global startup ecosystems, Paris and Berlin have the least amount of female founders.

Four key takeaways from the report:
  1. Paris and Berlin to step up female entrepreneurship
  2. Frankfurt’s Fintech focus
  3. Blockchain in the Balkans
  4. Keep your eye on Helsinki
Read more about the takeaways from the Global Startup Ecosystem Report.

Thursday, May 09, 2019

Facebook's Push to Make Money Off WhatsApp: A Mobile Payment

Facebook has been seeking ways to make money from the messaging service WhatsApp and has been testing payments via the app since last year in India, WhatsApp’s largest market with more than 200 million users.

Where will the rollout start?  Facebook intends to drive a global expansion of mobile payments on WhatsApp from London, accelerating its efforts to make money off the popular messaging service.  They are dispatching engineers from Britain to support its initiative.

Read more about how Facebook is plotting a global expansion of mobile payments on WhatsApp.

Tuesday, May 07, 2019

The Coca Cola Company Is Proof That Small Businesses Can Go Global

For a business that was started as a concoction experiment and has survived different strategic transitions, one can say that The Coca Cola Company is a testament that small businesses can go global.
In 2018, The Coca Cola Company raked about 31.9b dollars in revenue. Recognized as a top ten private employer, providing a means of livelihood to more than 700,000 people. 
In your quest to expand, founders should not neglect virtues like persistence and patience because the journey is an adventure. Even The Coca Cola Company realized this.

Read more about how small businesses still go global.

Monday, May 06, 2019

Today in Global Small Business: Create a Winning Global Marketing Strategy

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

Saturday, May 04, 2019

Women and Weed

©2019 Laurel J. Delaney.  All rights reserved.
“Instead of taking five or six of the prescriptions, I decided to go a natural route and smoke marijuana.” – Melissa Etheridge, musician and cannabis business owner

Friday, May 03, 2019

Take Strategic Steps to Compete

Aaron Kibbey, Managing Director, Huron Consulting says:
Organizations today face a significant, but not impossible challenge: to cut through a noisy landscape with a value proposition that addresses consumers’ ever-changing expectations. Brands that rely on legacy alone will get lost in the shuffle unless they’re backed by a differentiated experience and long-term vision. By transforming a company’s substance, not simply style, leaders can hone an enduring competitive edge.
He goes on to say:

"Organizations saddled with excess amounts of debt have less flexibility to fund new platforms or service initiatives, but they can still take strategic steps to compete:
  • Seek out the right partner [and this can be beyond borders]. 
  • Restructure debt to enable reinvestment."
Read the entire article on creating revenue streams when brand matters less.

Wednesday, May 01, 2019

2019 Status of Foreign Trade and Investment Barriers to American Exports Around the World

From the Office of the United States Trade Representative (USTR):
The National Trade Estimate (NTE) is the U.S. government’s major annual report on the barriers to trade, investment, and services that American exporters and other businesses and their workers encounter around the world. The report is required to be published each year by March 31 and is submitted to the President and Congress.  The USTR works closely with other government agencies and U.S. embassies to prepare the NTE.
The USTR is responsible for the preparation of this report.

Access:  2019 National Trade Estimate Report on Foreign Trade Barriers

Fact sheets:

Tuesday, April 30, 2019

weggchat™: How to Expand Your Global Reach Online with John Yunker

©2019 Women Entrepreneurs Grow Global™.  All rights reserved.  Used with permission.
Learn from web globalization expert John Yunker at an upcoming weggchat™on how to expand your global reach online, Wednesday, May 1st, at 11:00 a.m. Central time.  Discover:
  • How to get more customers to your website.
  • Why global e-commerce is so challenging.
  • What the latest trends are in web globalization.
  • How to globalize a website on a shoestring.
  • + more!
It's free to join the weggchat™.  You just need a Twitter account. Instructions on how to participate can be found here.

The complimentary educational program is brought to you by Women Entrepreneurs Grow Global™ and sponsored by:  Bank of America, Harris Bricken, FedEx, IBM, GlobalCare Clinical Trials and Greensfelder.

Monday, April 29, 2019

Today in Global Small Business: Lean on E-Commerce to Collect VAT?

What's affecting me, my clients, my colleagues and other global small business owners:
  • The Chinese government moves to support SMEs during tumultuous trade wars.
  • Quote of the week:  When it comes to "people moments," Beth Ford turns to others for counsel.  Early in her career she says, she learned to watch and learn form the behavior of "folks who are excellent at what they do.” – WSJ on Beth Ford, Chief executive, Land O'Lakes Inc.
  • As Brexit looms large for SMEs, banks step in to offer help and support.
  • Female business owners face a unique set of challenges in their entrepreneurial endeavors.
  • FedEx sees international shipping that adopts blockchain standards as a single, standardized ledger. 
  • Tax authorities worldwide lean on e-commerce sites to collect VAT.

Saturday, April 27, 2019

Be Your Own Artist

©2019 Laurel J. Delaney.  All rights reserved.
"Be your own artist, and always be confident in what you're doing. If you're not going to be confident, you might as well not be doing it." – Aretha Franklin

Friday, April 26, 2019

How to Enable a Business to Thrive Globally

©iStock/undefined undefined
Two leading female entrepreneurs weigh in on how to pay it forward everyday to enable a business to thrive globally – one with a focus on her employee relationships and the other with a focus on making an impact for people.

Read more:  Small Acts, Big Impact

Thursday, April 25, 2019

96% of Americans Have Made At Least One Online Purchase in Their Lives

Today, with the headway in digital trends, it has become easier for merchants to reach out to tech-savvy customers worldwide anytime, anywhere.

According to BigCommerce:
51% of Americans prefer to make a purchase online, and 96% of Americans have made at least one online purchase in their lives.
E-commerce sales are expected to cross a mark of USD 4.878 billion by 2021.

Learn more about some common changing e-commerce landscapes that will rule the e-commerce space beyond 2019.

Wednesday, April 24, 2019

A More Humane World: Crispr

©2019 Laurel J. Delaney.  All rights reserved.
For all the anxiety and ambiguity surrounding Crispr – focused on developing transformative gene-based medicines for serious human diseases – there’s little doubt that it could revolutionize farming.
If and when the FDA decides to weigh in, says Hank Greely, a bioethicist and professor of law at Stanford, it will have to reckon with the unique risks of gene editing—that an edit might produce new allergens, for example, or spread from livestock to their wild cousins. His underlying fear, however, is “the democratizing nature of Crispr.” 
Learn more about Crispr and how gene editing aims to make our food supply kinder and more efficient. But it’s struggling to leave the barn.

Monday, April 22, 2019

Today in Global Small Business: Is Tariff a Dirty Word to Business Owners Who Trade Globally?

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

Saturday, April 20, 2019

Hope, Renewal, and New Life

"Easter is meant to be a symbol of hope, renewal, and new life." – Janine di Giovanni

Friday, April 19, 2019

India Presents a Huge eCommerce Opportunity for Walmart

Retail giant Walmart continues to be committed to the Indian market given the huge opportunity that the country presents.  It's been nearly a year into Walmart buying Flipkart for USD 16 billion.

We're looking at Flipkart, Walmart India, Walmart Global Sourcing and Walmart Labs.  That's a substantial presence in India.

Here is what's at stake:
[CEO Doug] McMillon is visiting at a time when Flipkart is locked in an intense battle for market leadership in India with American giant Amazon. India's richest man Mukesh Ambani has also announced ambitious plans of an e-commerce platform to tap into the country's digital shopping segment that is forecast to touch USD 200 billion in the next few years. 
Read more how Walmart is committed to India.

Thursday, April 18, 2019

Looking to China for Global E-Commerce Growth

China is already a global force in e-commerce and digital technology, but it’s not too late for retailers to get into the game and win big.  According to eMarketer, 24 percent of China’s digital shoppers will make a cross-border purchase this year, lifting the market’s value by 15 percent year over year to $115.5 billion.

Cross-border shopping is becoming a way of life for Chinese consumers who put high value on securing brand-name and luxury items directly from the manufacturer.

To succeed in China, you must learn the ropes and keep certain strategies in mind.  Here are a few that address why retailers should focus on China for global e-commerce growth.

Wednesday, April 17, 2019

Improving People’s Health While Supporting the Environment and Animal Welfare

The Meatless Farm Co., a British start-up food company, is expanding nationally across the UK with the launch of a vegan mince product and a vegan patty product into 95% of Morrison’s stores, and has further plans to expand internationally.

The Meatless Farm Co. – with a tagline 'lovingly made from plants' – was founded in 2016 by Morten Toft-Bech, with the aims of improving people’s health through better eating, whilst supporting the environment and animal welfare.

The British company has also received global acclaim, launching into Spinneys stores in UAE and with further territories on the horizon.

Learn more about how Meatless Farm plans to expand internationally.

Tuesday, April 16, 2019

Turning Small Indian Firms into Global Entrepreneurs

©iStock/credit unknown
Many home-grown Indian manufacturers and sellers are profiting from the business models and facilitation offered by India-focused multinationals such as Walmart and Amazon.  Mumbai-based Indo Count Industries is one of them -- considered the fastest-growing suppliers of home textiles in the US and European markets.

Walmart, with its sourcing model, and Amazon, by offering a Global Selling Programme, are raising the aspirational bar on small Indian businesses, elevating them to earn the coveted tag of ‘global entrepreneurs’.

Additional points highlighted in the article below:
  • Walmart sets up global sourcing centre in Bengaluru that sources India-made products for catering to 14 foreign markets; it procures over 95 per cent of the goods sold in Best Price stores from local companies.
  • Amazon takes ‘Make in India’ to the world, bolstered by its Global Selling Programme; it is empowering sellers from small towns in India by scaling up their businesses and leveraging the digital economy.
Read more about how Walmart and Amazon are turning small Indian firms into global entrepreneurs.

Monday, April 15, 2019

Today in Global Small Business: Bill Gates's List of Inventions That Will Change the World for the Better

©2019 Laurel J. Delaney.  All rights reserved.
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, April 13, 2019

The Human Soul is Apt to Revive

"The beautiful spring came; and when Nature resumes her loveliness, the human soul is apt to revive also." – Harriet Ann Jacobs

Photos courtesy:  @2019 Laurel J. Delaney.  All rights reserved.

Thursday, April 11, 2019

Treat Every Overseas Sale Like Its Your First

Innovator and designer Julia Christie of the multi-award-winning baby nail trimmer – the Nail Snail, has recently expanded her business outside of Australia and says that “Done right, it can be the best thing for your business.”

After selling over 20,000 nail trimmers since launching her product in 2017, going global was a natural naturally the next step.  In order to expand, Julia needed to have an understanding of the export industry.

One of the issues Julia wanted to be extra careful on are export contracts.  She consulted with a lawyer to ensure all relevant aspects to a sale were covered.
“I treat every overseas shipment like it was my very first. I methodically go through the procedures to ensure that my Nail Snails are distributed in a safe and timely manner. Shipping to an unknown destination can be a tad stressful but with tracking numbers, references and internationally recognised barcodes, I feel secure knowing that my shipment will go smoothly from start to finish. Understanding the different technologies used in the process was all part of my learning curve,” Julia said.
Learn more about Julia's (ad)venture in going global here.

Wednesday, April 10, 2019

How to Future Proof Your Global Small Business on Technology

Around half of small business owners find today’s biggest tech trends – such as cloud computing, AI and data analytics – complicated. But there are actionable steps you can take to better understand your options and position your business to take on the changes on the horizon.

Read more about how to future proof your global small business on technology.

Tuesday, April 09, 2019

To Become More Competitive, Focus on Exporting

iStock/Arkadij Schell
India's economic growth has come largely from domestic demand and its exports were about one third of its potential, says a World Bank official.  The next government needs to focus on export-led growth.
Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said "that is what is needed to become more competitive."
Read more about India's focus on exporting to reduce dependence on domestic activity.

Monday, April 08, 2019

Today in Global Small Business: If You Have Armpits, You Will Love This wegginar® 4/10

©Women Entrepreneurs Grow Global™.  Used with permission.
What's affecting me, my clients, my colleagues and other global small business owners:
  • Co-founder Sarah Ribner talks about how to create a strong personal care brand (deodorant) with worldwide appeal; wegginar® 4/10/19.  Free-of-charge but you must register to attend.
  • Quote of the week:  “This is a very exciting time in the world of information. It`s not just that the personal computer has come along as a great tool. The whole pace of business is moving faster. Globalization is forcing companies to do things in new ways.” – Bill Gates
  • How to give your competitors no time to respond.  Practice SODA.
  • Case study:  Mature markets as engines of export growth.
  • 5 ways to keep your team open to change.
  • Beware of darkening clouds hanging over global trade.

Saturday, April 06, 2019

Friday, April 05, 2019

From Theranos Whistleblowers to Ethical Entrepreneurs

©iStock/Arindam Ghosh
Erika Cheung and Tyler Shultz’s actions led to the unveiling of one of Silicon Valley’s biggest scandals ever – Theranos.  Now they’re hoping to prevent it from happening again.
Erika Cheung is the former Theranos lab worker who tipped off the Centers for Medicare and Medicaid Services to look into the company. Together with Tyler Shultz, the ex-research engineer who helped the Wall Street Journal find the truth, Cheung has launched the international organization Ethics in Entrepreneurship.
Learn more about their history and their new venture, ethics in entrepreneurship.

Thursday, April 04, 2019

Women Entrepreneurs Are Lifting the Developing Economies

The Asian Correspondent reports that although barriers facing women-owned SMEs are not dissimilar to those that male entrepreneurs face, there are significant gender differences in the reasons that women give for not scaling up — such as loans, innovation, expansion or exporting. These differences have policy implications for government and business stakeholders in understanding the enabling factors and barriers that women entrepreneurs face.

Women Entrepreneurs Grow Global™, a leading USA nonprofit which educates women entrepreneurs and business owners on how to go global believes that to succeed in today’s economic climate — and beyond — it’s more essential than ever for women business owners to be informed and inspired to grow global

Asian Correspondent goes on to say that having an entrepreneurial mindset plays a critical role when women SME owners decide not to apply for a loan, not export or not expand their business. The number one reason given for not exporting was that the owner was content with the current state of business. For not applying for a loan, it was an aversion to taking on any debt.

Read more about how female business owners face a unique set of challenges.

Tuesday, April 02, 2019

The New World of Artificial Intelligence

Africans are ready for the fourth industrial revolution, South African president Cyril Ramaphosa confidently asserted at the World Economic Forum (WEF) conference in Davos earlier this year.

WEF founder Klaus Schwab sees the fourth industrial revolution as being shaped by the emerging digital technologies that will “fundamentally alter the way we live, work, and relate to one another."
The new world of artificial intelligence, which requires the cultivation of independent thought and self-learning skills at the school level to prepare children for a world where life skills are critical, is conspicuous by its absence in Africa.
As the article below goes on to say:  "Africa is not short of young entrepreneurs with good ideas, ambition, energy and talent, which can be harnessed to drive more inclusive growth."

Read more about the new world of artificial intelligence and how Africans are eager to engage with technology to create new opportunities for themselves and their country.