Friday, February 21, 2020

The Central Role Black Entrepreneurs Play in our Global Economy

Let's celebrate the achievements of African Americans – especially during Black History Month – and recognize the central role they, as individuals and communities, contributed to U.S. history.
When an entrepreneur starts their own business, they create new jobs in the community. In fact, small businesses generate two of every three net new jobs and deliver essential goods and services to our community.
Here are top resources that help small business owners grow.

Thursday, February 20, 2020

The Idea of Real Food Without Preservatives Is That It Can Get Ugly

©iStock/Serget_Dubrov
Burger King is showcasing a nasty looking Whopper to promote the idea that it is dropping preservatives from its food.  And they call it something!  How creative is that?
The campaign, aptly called “The Moldy Whopper,” shows what happens if a Whopper is left out on a table for more than a month. Spoiler alert: It spoils. It underscores the chain’s decision to eliminate artificial preservatives from its food.
View a time-lapse video that shows the burger getting nastier by the day.

Wednesday, February 19, 2020

Rethink What It Takes to Lead in Our Digital World

©iStock/ipopba
Organizations must empower leaders to change their ways of working to succeed in a new digital economy.  The 2020 Future of Leadership Global Executive Study and Research Report, "The New Leadership Playbook for the Digital Age: Reimagining What It Takes to Lead,” finds that leaders may be holding on to behaviors that might have worked once but now stymie the talents of their employees.
Executives around the world are out of touch with what it will take to win, and to lead, in the digital economy. Digitalization, upstart competitors, the need for breakneck speed and agility, and an increasingly diverse and demanding workforce require more from leaders than what most can offer.
The authors of the report surveyed 4,394 global leaders from more than 120 countries, conducted 27 executive interviews, and facilitated focus-group exchanges with next-gen emerging leaders worldwide. The findings are as sobering as they are inspiring.

Find out what they discovered.

Tuesday, February 18, 2020

The Global Trade Barometer and Economic Impact

©iStock/yu-ji
Every component of the Goods Trade Barometer, which provides real-time information on the trajectory of world trade relative to recent trends, will be influenced by the economic impact of COVID-19 and the effectiveness of efforts to treat and contain the disease,” says the World Trade Organization (WTO).
The Geneva-based body’s latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in November. 
The WTO goes on to say that global trade in goods will likely remain weak in coming months as disruptions from the coronavirus outbreak in China stanch the movement of international commerce already slowed by tariffs and uncertainty.

Monday, February 17, 2020

Today in Global Small Business: Unlocking the Potential of Women's Businesses in Africa

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

Friday, February 14, 2020

Health Epidemics are a Global Risk

©iStock/MarBom
At the end of January, Tesla CEO Elon Musk had downplayed the risk of Novel Coronavirus, but two more weeks with it, the health epidemic instilled a new fear that caused a change of mind.
Tesla’s latest annual 10-K filing revealed a new risk to its business: “health epidemics.” In the filing, the electric automaker said its gigafactory in Shanghai was closed for a brief time as the coronavirus spread in China. “It is unknown whether and how global supply chains, particularly for automotive parts, may be affected if such an epidemic persists for an extended period of time,” the company said. “We may incur expenses or delays relating to such events outside of our control, which could have a material adverse impact on our business, operating results and financial condition.”
Read more at CNBC's update and get live Novel Coronavirus updates here and here.

Thursday, February 13, 2020

Is the Business Case for Diversity Working?

©iStock/fizkes
Sarah Kaplan's contribution to Fast Company makes an interesting and strong point in her article, "Why the 'business case' for diversity isn't working."

"Hmm," that's a bummer.  She says:
Workplaces and executive boardrooms should reflect the world’s diversity, and lots of companies are using the so-called “business case” for diversity to instigate action. But, popular as it may be, it’s a failed strategy.
Curious where she takes this piece short of giving up on the business case?  Read on to learn more.

Wednesday, February 12, 2020

Neobanks: What They Are, How They Work, and Why They are Burgeoning in Australia

©iStock/Sitthiphong
Over the past couple of weeks, you’ve probably heard the word neobank thrown around a few times, which may have left you wondering exactly what it is, and how it’s different to a traditional bank. If you haven’t had a chance to find out, here’s the rundown.

Here's an example of how this industry is burgeoning.  Australian-based neobank Xinja's CEO Eric Wilson says:  "We expected to do about $120 million in deposits in a year, we’ve done $100 million in 19 days."

Other neobank players ready to disrupt the global marketplace?  86 400 and Judo Bank.  We're in for a ride.

Tuesday, February 11, 2020

Chinese Leader Xi Jinping Makes Rare Appearance with Mask On

©iStock/Robert Wei
President Xi Jinping of China, who had been noticeably absent from public view since the coronavirus outbreak escalated into a crisis, toured several public places in Beijing on Monday [2/10/20) afternoon. The appearances seemed aimed at countering criticism that Mr. Xi has been aloof amid rising public discontent with his government’s struggle to contain the crisis.
The last time Mr. Xi had appeared in public was at a meeting last week with Cambodia’s prime minister. Mr. Xi has yet to visit the epicenter of the outbreak, Wuhan, 600 miles to the south in Hubei Province.
Read more about the coronavirus outbreak, President Xi Jinping's aloofness amid the crisis, and what else you need to know on where things stand on the latest national numbers for the epidemic.

Monday, February 10, 2020

Today in Global Small Business: State Trade Expansion Program

©iStock/Alex_Wang1
What's affecting me, my clients, my colleagues and other global small business owners:
  • SBA announces funding opportunity through the state trade expansion program.
  • In The Global SMB Neobanks Report, Business Insider Intelligence explores the key factors driving an explosion of neobank [neobank is a type of direct bank that is 100% digital] activity in the SMB segment and the strategies these upstarts are leveraging to capture shares of this lucrative banking vertical.
  • Quote of the week: “What I've seen over my lifetime is that countries that embrace openness, that embrace trade, that embrace diversity are the countries that do exceptional — and the countries that don't, don't." – Apple CEO Tim Cook
  • Tariffs will hurt small businesses on Main Street USA.
  • The coronavirus continues to move.  More at JAMA network.
  • What the USA President Trump impeachment ordeal can tell us about the 2020 election.

Saturday, February 08, 2020

First Snow. First Love.

©2020 Laurel J. Delaney.  All rights reserved.
"The first snow is like the first love."  – Lara Biyuts

Friday, February 07, 2020

Lemonade Day for Kids Interested in Starting a Business

©iStock/Kesinee Khalkaew
Want to get your son or daughter interested in entrepreneurship? Now is your chance.  Lemonade will be used as a teaching tool as the Business Centre Nipissing Parry Sound and North Bay and District Chamber of Commerce present Lemonade Day.
“Lemonade Day is an initiative for kids to start, own and operate their own lemonade stand,” Kennedy Horton, the program and events coordinator at the Business Centre said. “There is training that they can participate in and workbooks that they have to complete.”
To pre-qualify, you must be aged nine to 12 and have an interest in starting a business.  Those who register will receive a backpack with the workbook that outlines the steps needed to start a business.

Read more about Lemonade Day to help kids start a business.

Thursday, February 06, 2020

Google Pay Goes Global Thanks to Colossal Success in India

©iStock/indolmages
Bullish on Google Pay and its rising adoption in India, Alphabet has taken cues from the successful experience in India and would soon roll out its revamped digital payments product globally.
Two years after debuting in India, Google's digital payment platform Google Pay hit 67 million monthly active users (MAUs) in India in September last year, driving transactions worth over $110 billion on an annualized basis with hundreds of thousands of offline and online merchants.
Don't we wish we could all scale our businesses like this!

"The vast majority of India's over 60 million small businesses are still not benefiting from the growing digital economy," says Ambarish Kenghe, Director, Product Management, Google Pay.

That is about to change.  Read more about how Google Pay goes global.

Tuesday, February 04, 2020

weggchat® with founder and CEO Jill Bishop, PhD, Multilingual Connections 2/5/20

©2020 Women Entrepreneurs Grow Global.  All rights reserved.  Used with permission.
Join the wegg® team on Wednesday, February 5th at 11 a.m. Central Time to chat via Twitter with Jill Bishop, PhD, Founder and CEO, Multilingual Connections about "How to Connect with Global Communities."  The program is hosted by the nonprofit Women Entrepreneurs Grow Global®, which educates women entrepreneurs and business owners on how to go global.  To participate (it's free) you must have a Twitter account and use the hashtag #weggchat.

Learn more to participate:
https://womenentrepreneursgrowglobal.org/2020/01/08/how-to-connect-with-global-communities-jill-kushner-bishop-multilingual-connections/

Monday, February 03, 2020

Today in Global Small Business: Brexit is Finally Happening

©2020 Laurel J. Delaney.  All rights reserved.
What's affecting me, my clients, my colleagues and other global small business owners:
  • Yes, some kind of Brexit is finally happening.
  • How will companies respond to the risk of climate change?
  • Quote of the week: “I watched my parents. My dad worked nights, and I was aware of how much he was doing for us. My mom was a Tupperware lady and also worked at the school. I always felt that I couldn't let them down. And I had a natural discipline from early on. I was always training for something." – Jennifer Lopez
  • Is your trade group blocking climate action?
  • The coronavirus is now an official emergency.
  • The grass is always greener for a Super Bowl. The NFL makes sure of that.

Saturday, February 01, 2020

Grammy-Nominated Superstar Bob Marovich

Chicago resident, gospel music historian, author and radio host Bob Marovich was nominated for a GRAMMY award for best album notes, "The Gospel According to Malaco," which includes a book as part of an eight-CD set covering a 75-year period, from the post-war years to the present.
"Marovich’s writings on 100 recordings as part of the CD anthology looks at hit recordings in a collection of stories that include Mahalia Jackson, Sister Rosetta Tharpe and Rev. James Cleveland, The Gospel Keynotes, Solomon Burke, The Caravans and The Mississippi Mass Choir, among others."– Source:  Billboard magazine
Bob attended the Grammys hosted in Los Angeles, California at the Staples Center on Sunday, January 26, 2020 and walked the red carpet alongside such stars as Chick Corea, Tanya Tucker, Gloria Gaynor, and Brandie Carlile.

Above are a few of the photographs from the GRAMMY Awards. Congratulations to Bob Marovich! We are very proud of him!

Photos courtesy:  ©2020 Laurel J. Delaney.  All rights reserved.