Tuesday, July 23, 2019

What's Next After Globalization?

©iStock/tadamichi
Is our integrated world of institutions, brands, and trade being replaced by something that is less interconnected?  A new book, The Levelling, argues that we are at the end of the age of globalization.
If [Michael] O'Sullivan [the author of The Levelling] is right, and the reversals of international connectivity are part of a long-term shift as opposed to a short-term blip, then what might be the implications for higher ed?
Find out by reading 'The Levelling', Higher Ed, and the End of Globalization.

Monday, July 22, 2019

Today in Global Small Business: The Powerful Flywheel Concept by Jim Collins

©2019 Laurel J. Delaney.  All rights reserved.
What's affecting me, my clients, my colleagues and other global small business owners:
  • Why do some companies build relentless momentum and others don't?  Only Jim Collins has an answer through his latest publication, "Turning the Flywheel:  A Monograph to Accompany Good to Great."  We are especially honored to receive an autographed copy of the publication from Jim along with a personal letter highlighting the powerful flywheel principle, which can transcend to global.   
  • Quote of the week: “Chase the vision, not the money; the money will end up following you.”— Tony Hsieh, Zappos CEO 
  • The American Express Blue Business Cash Card for small businesses.  What's in it for you?
  • The podcast companies behind some of the biggest chart-topping hits of the last three years are ready for their next challenge: taking a story listeners know and love like “Dr. Death” and giving it an international makeover.  But what does it look like?
  • A U.S. government agency working closely with Ivanka Trump has invested in a new financial product intended to extend credit to women entrepreneurs in emerging markets.
  • How businesses should prepare for global Internet access:  another 3 billion people online.

Saturday, July 20, 2019

Give Me the Streets of Manhattan

©2019 Laurel J. Delaney.  All rights reserved.
"Give me such shows — give me the streets of Manhattan!" – Walt Whitman

Thursday, July 18, 2019

Being on Amazon is a Huge Visibility Boost for Small Businesses Who Desire to Go Global

©iStock/gpointstudio
John Leslie from John Leslie Studios recommends Amazon to any small business, saying, “My sales have steadily increased on Amazon year after year. Last year my sales on Amazon alone were over $150,000. Simply being on Amazon is a huge visibility boost because Amazon is often the first place people go when seeking to purchase almost anything.”

According to CBS17.com:
An amazing variety of small and medium-sized businesses now boost online sales by selling in Amazon’s stores, reaching more customers and bringing their business to a whole new level. More than half of the items sold in Amazon’s stores worldwide are from small and medium-sized businesses. And the number of small and medium-sized businesses exceeding $1 million in sales in Amazon’s stores worldwide grew by 20 percent last year, to more than 25,000.
To succeed online, businesses oftentimes need a partner to help them reach a national – or even global – customer base, and to support them throughout the process of building their business and fulfilling increasing demand for their products or services.

Learn more about how small businesses are mastering the art of selling online.

Wednesday, July 17, 2019

How Global Small Businesses Should Prepare for the Emerging Global Internet Access

©iStock/Pixtum
Jim Cashel, for Harvard Business Review, says it is reasonable to predict that, in the next three to five years, most of the planet will have some access to reliable, if somewhat expensive, broadband. That means over three billion people will be, for the first time, directly connected to the global economy.  He goes on to say:
The business community should consider this emerging market with astonishment, if for no other reason than its vast size. It will present challenges in terms of economics, geography, language, and demographics. But businesses that are aware of the changes to come, that appreciate the speed and reach of global broadband expansion, and that prepare appropriately for new markets will enjoy a range of unprecedented opportunities. Specifically, businesses should prepare in four areas.
Learn about the four areas here and how businesses should prepare for the Global Internet Access.

About Jim Cashel:  Jim Cashel is Chairman of Forum One, a digital agency, and author of The Great Connecting: The Emergence of Global Broadband, and How That Changes Everything. During academic year 2018-19 he was a Visiting Fellow at the Harvard Kennedy School.

Tuesday, July 16, 2019

What a $10 Billion Investment Will Get You Over 5 Years

©iStock/virtua73
De Beers Group, based in London, specializes in diamond exploration, mining, retail, trading and industrial diamond manufacturing, has embarked on a $10 billion five-year global market and mine expansion drive, which includes but is not limited to inorganic and organic activities, technology upgradation, adding more mining ships to its existing five such vessels plus expanding existing key markets, including China, India, the U.S. and Japan.

“We are investing $10 billion towards various global expansion activities planned for the next five years," says Stephen Lussier, executive vice-president — marketing, De Beers Group and also chairman of Forevermark, the group’s diamond brand.

Ambitious goals for sure.

Mr. Lussier goes on to say, “We are significantly expanding our existing presence all over the world, including in India at least by 10%. Forevermark brought in $750 million to our group revenue of $6 billion last year and we want to grow this to over $1 billion by 2020."

Read more about De Beers global expansion plans.

Monday, July 15, 2019

Today in Global Small Business: The World's Champion on Exporting

©2019 Apress.  All rights reserved.  Used with permission.
What's affecting me, my clients, my colleagues and other global small business owners:
  • If you are struggling with how to take your product or service overseas, do yourself a favor and sign up for this upcoming (7/18) New York NEXCO event featuring the world's champion on exporting, Laurel Delaney, who will present "How to Export Successfully in the Digital Age." Program includes an after-seminar reception for wine-tasting and networking with the NY metro exporting community.  For more information and to register, visit:  https://conta.cc/32srXWS  
  • Quote of the week: “If you are not taking care of your customer, your competitor will." — Bob Hooey
  • Two businesses are bringing small business owners around the world a comprehensive array of products and services to make running their enterprise easier, more efficient and more profitable.
  • For labor to secure gains, in the United States or globally, workers must mobilize.  Here's why.
  • When it comes to global payment technologies there are several countries that are the most advanced.  However, it is two specific countries that stand out and make the payment experience easy for the global consumer. 
  • Many business owners believe that in the not-too-distant future — they will be exporting a “significant chunk” of the cannabis they are growing domestically.  The cannabis market is expected to grow exponentially (globally) in the next couple of years.

Saturday, July 13, 2019

Five Faces Ice Cream Shop: Perfect Place for Late Night Food on Division Street in Chicago

©2019 Laurel J. Delaney.  All rights reserved.
©2019 Laurel J. Delaney.  All rights reserved.
A familiar face (place) in Chicago that highlights John Wayne, Marilyn Monroe, Elvis Presley, Lucille Ball and Humphrey Bogart:  Five Faces Ice Cream shop in Chicago.  What's unique about the place?  They are not known for ice cream, but they do a good job on gyros and cheese fries.

Here's what a reviewer said about the shop:

"Perfect place for late night food when you know damn well you are going to be hung over after doing Division up right!”

Thursday, July 11, 2019

What Is Google Ad Manager, and How Do You Sign Up?

©iStock/Ingus Kruklitis
Google Ad Manager helps you grow ad revenue and protect your brand wherever people are watching, playing or engaging.

Signing up for Google Ads is painless. You can do it right on the Google Ads website, which walks you through it step by step.  The Get Started button first asks you how many page views you have on a monthly basis:  less than 1 million or more than 1 million.

Learn more about Google Ad capabilities.

Wednesday, July 10, 2019

Strategic Partnerships Can Take You Global

©iStock/Richard_Lawrence_Photo
Kentucky-based Rabbit Hole Distillery, a high-end whiskey and bourbon maker, has entered into a strategic partnership with Pernod Ricard, one of the world’s largest spirit companies.  Kaveh Zamanian, Rabbit Hole’s founder, will maintain his shares in Rabbit Hole and will continue to operate the company.
Both Pernod Ricard and Rabbit Hole share the same spirit and beyond that, both companies are fully aligned in their values and cultures.
With Pernod Ricard now onboard and with Zamanian’s continued leadership, Rabbit Hole’s distribution will expand, with the goal of connecting with spirits lovers throughout the world.

Tuesday, July 09, 2019

How to Make Everything Livable No Matter Where You Live

©iStock/paulprescott72
Co-founder and principal designer Jade Joyner of Athens, Georgia-based interior design firm Metal + Petal, had years of experience working on interiors in Europe and the U.S.
I have four daughters, and they’re all in middle school and high school. It’s an all-white family home, but the concept is that everything is livable. If something is spilled on, it’s okay. It’s a modern farmhouse, maybe. There are some classic elements, ‘cause I couldn’t live without them, and some character pieces. It’s a place where we can all relax together.
Ms. Joyner discusses in an interview with Mansion Global the popularity of customized kitchens and closets, the booming Southeastern U.S., and more.  One of the questions posed:
MG [Mansion Global]: What’s the biggest surprise in the luxury real estate market now?

JJ Jade Joyner]: The need for space. People think that size is the definition of luxury. You don’t need to have a massive, over-the-top house to make it luxurious. You can make a cabin very luxurious.

Monday, July 08, 2019

Today in Global Small Business: One Woman's Quest for Borderless Growth (wegginar®)

©2019 Women Entrepreneurs Grow Global™.  All rights reserved.  Used with permission.
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, July 06, 2019

Never Enough Books

©2019 Laurel J. Delaney.  All rights reserved.
“I guess there are never enough books.” ―John Steinbeck, A John Steinbeck Encyclopedia

Friday, July 05, 2019

Post 4th of July Celebration in USA

Let freedom ring, even afterwards.

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

Thursday, July 04, 2019

Independence is Happiness

To all my fellow Americans, let’s rejoice today by paying tribute to those who fought for our freedom and future. Happy Fourth of July from your friends at the Global Small Business Blog.

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

Wednesday, July 03, 2019

The Three P's of Global Small Business Sustainability: Planet, Profits and People

©iStock/Boonyachoat
Sustainability requires a balance of tactics. It involves reducing a business’s carbon footprint and maintaining long-term operational and financial health. It’s much more than installing new LED light bulbs. A successful sustainability strategy involves three key components:

Planet, profits and people.

Small business sustainability strategies don’t just promote energy efficiency and social responsibility.  They can also help organizations strengthen their position in the marketplace.

Tuesday, July 02, 2019

Protect Your Business As You Expand Internationally

©iStock/peshkov
Expanding your business overseas is an arduous process and involves careful consideration, planning, research, and execution. There are many factors to consider when looking at entering a new market because with the great opportunity for growth comes significant risks as well.

If you have been looking at other potential markets or are even considering taking the plunge into the international market here are some key tips to consider before and throughout the transition into a new market.

Monday, July 01, 2019

Today in Global Small Business: Laurel Delaney Will Cover Exporting Successfully in the Digital Age in NY on 7/18/19

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

Saturday, June 29, 2019

The Untamed Beauty of Wildflowers

©2019 Laurel J. Delaney.  All rights reserved.
"Almost every person, from childhood, has been touched by the untamed beauty of wildflowers." – Lady Bird Johnson

Thursday, June 27, 2019

阿里巴巴正在通過英語門戶實現其全球抱負

©iStock/RyanKing999
Alibaba is fulfilling its global ambitions with an English-language portal (阿里巴巴正在通過英語門戶實現其全球抱負) on Tmall, one of the single largest online retailers in China’s $1 trillion e-commerce arena.
The e-commerce giant began offering an English-language portal on Tmall for the first tim to entice more merchants from around the world to sell to Chinese consumers. 
Alibaba is seeking new growth engines to offset a cooling economy at home as the trade war rages on, while fending off increasingly aggressive competitors locally and globally.

Read more about how Alibaba aims to double global brands with its new English site.

Wednesday, June 26, 2019

Common Projects, Cool

©iStock/LongQuattro
The perfect handbag.  The sharp black leather jacket.  The exquisite tie.  And then there is the sneaker.  Not just any sneaker but simply the best sneaker that can be worn with a dress, with jeans, with sweats or on the way to a global adventure.

Common Projects does some cool things.

Tuesday, June 25, 2019

Is Your Business Ready for the World Stage?

©iStock/Rawpixel
Rhett Power says "success in the U.S. does not ensure success in other countries, and a translated website alone does not a global business make. To succeed abroad, American companies must account for differences in local cultures."
Research from CultureWizard found that 24% of respondents spend at least 76% of their time on global work. High-performing global businesses consistently ranked higher for indicators of cultural awareness and intercultural competencies, suggesting that companies with a global mindset do better than their geographically narrowed peers.
Power goes on to caution:  "Before you set up shop in new territory, make a few preparations."

Here they are -- a four-step process to prepare your company for global expansion.

Monday, June 24, 2019

Today in Global Small Business: A Quarter of Indigenous Businesses Export

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

Saturday, June 22, 2019

Chicago: City of Big Shoulders

©2019 Laurel J. Delaney.  All rights reserved.
“Hog butcher for the world, tool maker, stacker of wheat, player with railroads and the nation’s freight handler; stormy, husky, brawling, city of big shoulders.” – Carl Sandburg

Friday, June 21, 2019

What To Do When Your Business Grows Beyond One Market or Country

©iStock/ipopba
Shopify announced that it is enhancing its Shopify Plus platform to include global capabilities aimed at enterprises.

The enhanced SP suite will include new global capabilities surrounding currency support and a low-cost e-commerce fulfillment network -- all available later this year.

Here's the coolest part:  Shopify Plus is designed to meet the needs of larger businesses when they grow beyond just one market or country.

Discover more on how SP will enable all merchants to sell in multiple currencies and get paid in their local currency, too.

Thursday, June 20, 2019

Eighty Percent of Women-Owned Businesses with Credit Needs Worldwide are Either Unserved or Underserved

©iStock/Kritchanut
When a woman wants to start or grow her own business, the odds of securing a business loan are heavily stacked against her.
As we [World Economic Forum] search for a solution to the inequality between men and women in accessing finance around the world, the answer could be simple: stop asking for collateral.
Let me repeat:  stop asking for collateral.

Calling on all banks to rise to this challenge, rethink their approach and create equal access and opportunities for women around the globe.

Read more about how to improve women's access to finance worldwide and unleash huge economic potential.

Wednesday, June 19, 2019

Compete More Effectively and Succeed in the Global Marketplace

©2019 Laurel J. Delaney.  All rights reserved.
What is your commitment to customers? Does everybody in the company understand this commitment inside and out? Do you provide exemplary service? Friendly service? Accessible service? The service goal of online retailer Zappos is “Delivering happiness.” Define yours and carry through on it every step of the way.

Ours is:
"Everything we do is to help our customers compete more effectively and win in their marketplace.”
The customer service mentality should permeate your entire organization.  Here's how to go about it.

Monday, June 17, 2019

Today in Global Small Business: Let's Build a Global Currency for the Internet!

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

Saturday, June 15, 2019

Chicago Impresses

©2019 Laurel J. Delaney.  All rights reserved.
"I'm impressed with the people from Chicago.  Hollywood is hype.  New York is talk.  Chicago is work." – Michael Douglas

Friday, June 14, 2019

The $50 Billion International Company That Know One Knows About

©iStock/monkeybusinessimages
Ingram Micro, an international company with roughly $50 billion in annual revenue, works primarily in the hardware distribution business. It buys devices from OEMs and provides them to its “value-added reseller” clients, who sell them to the end users.
Technology distributor Ingram Micro has established itself in asset disposition in recent years. Now, it is rolling out a program to grow by leveraging its subcontractor companies.
Learn more about how Ingram Micro's partnership model helps the firm expand ITAD (IT asset disposition) globally.

Thursday, June 13, 2019

How to Balance Times Zones and Leverage Your Digital Savviness to Communicate More Effectively No Matter Your Location

©iStock/doomu
Tackling the challenges of working overseas is no cakewalk.  Digital news editor for the Wall Street Journal, Josée Rose says:
While the positives outweigh the negatives, living overseas when working for a U.S.-based company comes with obstacles, especially when working for a 24/7 organization in a nonstop news cycle.
After two years as a digital news editor at WSJ in London, Josée shares her tips for balancing time zones, advocating for yourself when you’re not in the room where it happens, and leveraging your digital savviness to communicate more effectively (no matter your location).

Wednesday, June 12, 2019

How to Understand the Economic World Around You (Podcast)

©iStock/nortonrsx
Marketplace is a podcast hosted by Kai Ryssdal, which is about providing context on the economic news of the day.  Through stories, conversations and newsworthy numbers, Marketplace helps listeners understand the economic world around them.

According to Wikipedia, Marketplace is the third-most-listened-to radio program in the US by weekly listeners (14.8 M).

Tune in.

Monday, June 10, 2019

Today in Global Small Business: Discover the Design of Japanese Toilets

©iStock/stella_photo20
What's affecting me, my clients, my colleagues and other global small business owners:
  • Global regulators say tougher bank rules do not curb small business lending.
  • Quote of the week: “Let us find out what is desperately needed, although people may not know it, let us find out what will beautify the world, although people may not know it, then let's learn and learn and teach ourselves and support each other in doing that until we lose ourselves in those tasks." – 20th century inventor Edwin Land
  • On Instagram @toilets_a_go_go, Hidefumi Nakamura documents the astounding breadth of public-toilet design in Japan.  International travel exposes you to different cultures yet even doing your routine daily activities can broaden your horizons :-).
  • Global finance leaders meeting in Japan recently said they were increasingly worried that the trade dispute between the United States and China, which shows no signs of abating, could propel the world economy into a crisis.
  • The retailer Ulta Beauty will be going international in order to "establish Ulta Beauty as a successful global brand," CEO Mary Dillon said in a statement. The first step of that process is launching operations in Canada, according to Dillon.
  • President Donald Trump dangled the prospect of renewing his tariff threat against Mexico if the U.S. ally doesn't cooperate on border issues, while some of his Democratic challengers for the White House said the last-minute deal to avert trade penalties was overblown.

Saturday, June 08, 2019

Radio Gives Birth to Chicago

©2019 Laurel J. Delaney.  All rights reserved.
"TV gives everyone an image, but [WBBM Chicago] radio gives birth to a million images in a million brains."

Friday, June 07, 2019

Market Power Drives Harder Bargains. Can SMEs Compete Globally?

©iStock/z_wei
Is there a widening difference between the profitability of small businesses and large?  Some say there is and blame globalization. Milton Ezrati, contributor for Forbes thinks otherwise:  "The winner-take-all character of global trade seems to get the blame for just about anything unfair or inequitable these days. But it would be a mistake to reach for this easy answer."  He goes on to say ...
Rather than drag out the perennial whipping boy of globalization, a better explanation might well lie with questions of market power. All may have access to the same suppliers, but larger firms, such as Walmart and Amazon, can drive harder bargains on price and delivery terms than smaller or mid-sized firms.
Is America losing its small businesses?  Read more.

Thursday, June 06, 2019

Evolve Your Business to What Is Relevant in the Global Marketplace

©iStock/olm26250
Small business aren’t easy to launch or maintain, and they take commitment and positive thinking to stay successful. Here are some surprising warning signs your small business could be headed for disaster, along with solutions for how you can ward off trouble.

And as Shanna Goodman for Thrive Global says, "A successful small business always need to evolve with what’s relevant in the [global] marketplace."

Discover the 9 signs your business is headed for disaster and what you can do to turn things around.

Wednesday, June 05, 2019

Here’s What 11 Successful Entrepreneurs Do Every Day

©iStock/donskarpo
Success is a habit—and like all good habits, you have to work hard to achieve and maintain it.  We [Rieva Lesonsky for Bank of America] talked to 11 small business owners, including Laurel Delaney, about the daily habits they believe contribute most to their success. From exercise to quiet time to diligently tracking sales in QuickBooks, here’s what some successful entrepreneurs do every day.
Reading about other business owners’ daily success rituals is inspiring—but as Delaney says, “We cannot replicate business success by copying another business owner’s daily rituals—we need to cultivate our own.” 
Dive deep into what accomplished entrepreneurs do daily to foster entrepreneurial success.

Tuesday, June 04, 2019

World's Largest MBA Tour is Coming to Chicago 6/25

©iStock/smolaw11
Good day Global Small Business Blog fans!  Join the world’s largest MBA tour in Chicago!

An MBA is a distinction in the workplace and a designation in the world of business. However, more importantly it’s a confidence booster, a way of thinking analytically and critically, and a training ground for making better personal and professional decisions.

This event will answer all of your MBA-related questions through presentations, networking opportunities, and valuable interactions with recruiters from 25+ top business schools.

In addition, you’ll also receive the following for free:  a professional LinkedIn Headshot, your resume reviewed, access to a pool of scholarships worth $7M and much more.

All of this is FREE of charge for those attending, so register today or well before 6/25! Space is limited.  Sign up here.

Monday, June 03, 2019

Today in Global Small Business: wegg® Program On How to Build a Great Global Company Culture

©2019 Women Entrepreneurs Grow Global™.  All rights reserved.  Used with Permission.
What's affecting me, my clients, my colleagues and other global small business owners:
  • wegg® on-the-ground workshop held in Chicago is right around the corner -- June 5th -- and it's on how to build a great global company culture.  If you want to move from good to great on exporting, this is the program to attend.  Please join us and hear from our famous host Radio Flyer, who has won numerous awards for best places to work.  To learn more and to register, visit: https://womenentrepreneursgrowglobal.org/2019/05/06/how-to-build-a-great-global-company-culture/.  I [Laurel Delaney] will be attending.
  • Quote of the week: “As history has repeatedly proven, one trade tariff begets another, then another - until you've got a full-blown trade war. No one ever wins, and consumers always get screwed." – John C. Calhoun
  • Tariffs on all imports from Mexico begin June 10, 2019.
  • How an Oregon brand went from a small business to a global powerhouse in wellness
  • 42 countries agree to international principles for Artificial Intelligence (AI).
  • Making globalization work for Africa.

Saturday, June 01, 2019

Be Like a Train

©2019 Laurel J. Delaney.  All rights reserved.
"Be like a train; go in the rain, go in the sun, go in the storm, go in the dark tunnels! Be like a train; concentrate on your road and go with no hesitation!" – Mehmet Murat ildan

Thursday, May 30, 2019

Canadian Support to Exporters from Peru to Vancouver

©iStock/Waldemarus
Emiliano Introcaso, Export Help Advisor at Export Development Canada (EDC), looks back to 2001, the first time he handled an international shipment, and then fast forwards to his current position at Export Development Canada helping exporters with their trade-related questions.  He shares many things to celebrate.

Read more about Emiliano's experiences growing from student to teacher and how global business training has shaped his rewarding career.  See all his posts for EDC here.