Today in Global Small Business: The Promise and Pitfalls of Localism

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

• Four tips to protect your small business during a downturn.
• Quote of the week: “Without continual growth and progress, such words as improvement, achievement, and success have no meaning." – Benjamin Franklin
• Funding Circle, a small business loans platform in the UK, US, Germany and the Netherlands, recently closed its first asset-backed securitization of US small business loans originated through its platform.
• Why localization is essential for expanding overseas.
• The promise and pitfalls of localism.
• Nearly 84% of global ecommerce sales happen outside of Western continents such as North America and Europe, and overall sales are expected to reach $4.8 trillion USD by 2021.  Then why have some of the world’s largest and best-known multi-nationals failed spectacularly when expanding abroad?
• USA national holiday Labor Day is a time to reflect and honor workers.