Monday, September 23, 2019

Today in Global Small Business: From a Basement to $5.78 Billion Global Fashion Company

What's affecting me, my clients, my colleagues and other global small business owners:
  • The U.S. Postal Service loses tens of millions of dollars a year delivering packages from overseas because rates, set by the UPU, don’t fully cover costs (e.g., especially for China).  There might be a change coming soon – a shift that could increase the prices consumers pay for holiday shipping, yet prove a bonanza for parcel shippers that compete with the U.S. Postal Service.
  • Quote of the week: If you want a dramatically better answer, the key is to ask a better question." – Hal Gregersen, author and MIT professor
  • India once had the world’s fastest-growing economy, but it has been battered by global and domestic forces. See how India’s troubles might be a warning sign for other developing countries.
  • While international growth will undoubtedly present exciting opportunities, it is vital to carry out due diligence of any new market to protect the financial side of things such as potential tax liabilities and compliance obligations.
  • From a basement to $5.78 billion global fashion company, here's how Michael Kors did it
  • Bring on some new fresh faces at ABC's Shark Tank, especially business owners who focus on the potential for international expansion.

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