Tuesday, May 17, 2022

In China, No Mood to Shop

©iStock/Derek Yung
In recent years, China has become the biggest market for a range of industries, from luxury goods to automobiles.  But last month due to China’s “zero Covid” policy, the world’s second-largest economy slowed sharply, hitting not only consumer spending but also employment.
Estée Lauder, which is home to Bobbi Brown and MAC cosmetics, now expects its global sales to grow between 7% and 9% year-on-year, down from a previous range of 13% to 16% outlined in February.
The crisis is a stark reminder of China’s outsized importance to global companies.  Read more about how China's lockdowns are taking a toll on global companies.

Monday, May 16, 2022

Today in Global Small Business: Future of Food Summit

©iStock/koya79
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, May 14, 2022

Decide Ukraine's Future

©2022 Laurel J. Delaney.  All rights reserved.
"It is not all right for Russia to decide Ukraine's future." – Antony Blinken

Friday, May 13, 2022

Just Like That: Open a US Bank Account, Remotely, From Any Continent, With No US Social Security Number Required

©iStock/Blue Planet Studio
What if you could find a banking product for your global business that will allow you, as the founder, to open a US bank account, remotely, from any continent, with no US Social Security Number required?

Discover fintech company doola, which does just that.  

This is a new banking product that supports founders on every continent, with no US SSN required, and no visit to the US required.  US monthly business applications are over 400,000 per month (on track for 5M+ in 2022) and there are 50M+ independent creators globally.

Thursday, May 12, 2022

Meet 300 Visionaries Who Have Transformed Business and Society

©iStock/Helin Loik-Tomson
While the ongoing global pandemic and the Russian invasion of Ukraine have taken a toll on the European market, these 300 honorees remain positive:  Some 80% of listees believe the European economy is ripe for entrepreneurship, and collectively they’ve raised more than $2 billion in funding for their ventures—more than double the amount raised by last year’s honorees. 

These entrepreneurs join past Under 30 game-changers including singer-songwriter Adele, Spotify CEO Daniel Ek, actress Cynthia Erivo and athlete Marcus Rashford. Some of this year’s listers are already household names, like Simone Ashley, who played Kate Sharma in the second season of Netflix’s hit series Bridgerton. 

The list?  Here you go.

Wednesday, May 11, 2022

Is Your Business Export Ready?

©iStock/lemono
Want to grow your business beyond borders?  Here's a sample of how Michigan Small Business Development Center determines if a business is ready for export.

We provide an early export online assessment to determine where your company is in starting the export journey. We've developed an online training module packed with resources to help businesses explore and get a better grasp of what's involved in getting their company involved in exporting. The training module is packed with good templates and resources. From there we connect you with one of our 10 export certified consultants, and help you start developing a business plan and a marketing plan to get you ready.

Best piece of advice?  When people sit down and dedicate a certain amount of time to work on their business [not in their business], they're a whole lot more successful. 

Read the full interview here.

Tuesday, May 10, 2022

The Best Kept Secret For Powering Your Cross-Border Business: Foreign Exchange (wegginar® 5/11/22)

©2022 Women Entrepreneurs Grow Global®.  All rights reserved.
Why waste a second?  Register immediately: https://bit.ly/3xn3rrT.  We'll answer the following questions:  Are your sales denominated in foreign currency? Are you purchasing anything abroad in foreign currency? Are you clueless about how to manage foreign currency?  We've got your back!  At least wegg® does when it comes to their next wegginar®.

Register free of charge for the upcoming wegginar tomorrow, Wednesday, May 11, 2022 at 11AM CT, to learn the answers to the questions above and discover the secret to powering your cross border business: https://bit.ly/3xn3rrT

Hear from top experts – Lori Novak, VP Foreign Exchange | Capital Markets, Associated Bank and Angie Kappel, VP Foreign Exchange | Capital Markets, Associated Bank – who live and breathe foreign currency and are pros working with business owners who wish to learn the ropes about foreign currency management. They will be joined by their special guest Yasmin Stuffer-Hong, founder ad CEO, Share US, Inc., to discuss the ins and outs to foreign exchange.

What to expect from the wegginar:
  • Gain knowledge of exchange rates
  • Recognize the main causes of FX volatility
  • Learn how to invoice your client in their local currency
  • Increase your margins by paying or selling in local currencies
  • Understand your FX risk management options
To learn more and to register (n/c), visit: https://bit.ly/3xn3rrT. We are breaking records on registrations yet, fortunately, we have plenty of seats and they are comfortable too :-). See you there.

Program hosted by Women Entrepreneurs Grow Global®.

Monday, May 09, 2022

Today in Global Small Business: 9 Translation Books You Never Heard About

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

Saturday, May 07, 2022

Pass Violets Looking For Roses

©2022 Laurel J, Delaney.  All rights reserved.
"We may pass violets looking for roses. We may pass contentment looking for victory." – Bernard Williams

Friday, May 06, 2022

Finding Global Brand Desirability

©iStock/Nattakorn Maneerat
Finding global brand desirability, according to Lisa Shiqi Yu, Genlab CEO and former digital transformation head of L’Oreal China and Elijah Whaley, VP of Marketing at Gainfluence, comes from combining superior product quality with defining your brand purpose, delivered through extraordinary customer experiences.

When it comes to long-term brand building, the local beauty brands can learn a lot from foreign brands.  See what the future brings.

Thursday, May 05, 2022

Seriously, What Does Metaverse Mean?

©iStock/KanawatTH
Mentally replace the phrase “the metaverse” in a sentence with “cyberspace.”  That's what the folks at Wired magazine wants you to do.

Ninety percent of the time, the meaning won't substantially change. That's because the term doesn't really refer to any one specific type of technology, but rather a broad (and often speculative) shift in how we interact with technology. And it's entirely possible that the term itself will eventually become just as antiquated, even as the specific technology it once described becomes commonplace. 

CEOs like Mark Zuckerberg or Satya Nadella talk about the metaverse as the future of the internet. Or it's a video game. Or maybe it's a deeply uncomfortable, worse version of Zoom?

So, with all this in mind.  Seriously, what does Metaverse mean?

Wednesday, May 04, 2022

Roe v. Wade: Women Have a Right To Choose

©iStock/zimmytws
A woman has a right to choose.  I have a right to choose.  Simple is that.  Yet, the Supreme Court has voted to strike down the landmark Roe v. Wade decision, according to an initial draft majority opinion written by Justice Samuel Alito circulated inside the court and obtained by POLITICO.

“We hold that Roe and Casey must be overruled,” he [Alito] writes in the document, labeled as the “Opinion of the Court.” “It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.”

David Axelrod has it right:  "This is a wholesale withdrawal of a basic right."

Women deserve better.  We decide and no one else does. "Women's rights are human rights and human rights are women's rights," says Hillary Clinton.

Legal information.  LIVE updates.  14th Amendment.

Tuesday, May 03, 2022

Turning An E-commerce Accelerator Into a Billion-Dollar Business

©iStock/metamorworks
Serial entrepreneur Somdutta Singh aimed to carve out a profession of her liking. Born to doctor parents from Kolkata, the first-generation entrepreneur has launched several ventures over the years.

“At a very early age, I had decided this was not the life and future I would want for myself. I wanted freedom of choice. I wanted to travel the world and have a better work-life balance. I was determined to break tradition and chase my dreams," say Somdutta.

Her latest startup, Assiduus Global Inc.an AI-powered cross-border ecommerce accelerator — helps direct-to-consumer (D2C) brands launch, scale, and grow across ecommerce marketplaces and geographies by enabling their digital commerce through end-to-end distribution and supply chain management.

Monday, May 02, 2022

Today in Global Small Business: Work Remotely Forever

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

  • Work remotely forever, that's what Airbnb tells its employees.
  • Wearable medical devices are on the rise.
  • Managing an international team.
  • Quote of the week: “I can’t tell you the number of CEOs I talked to who are thinking, ‘I have to solve the diversity challenge in my business, and remote work is one of the key tools… We have to let go of this very office-centric culture and incorporate people who are in a lot of geographies.” – Hayden Brown, CEO of Upwork
  • Movable Ink activates data into personalized content in any customer engagement and is a powerful extension to the technologies that marketers use today.
  • Rooster connects seafood buyers and suppliers, giving them tools to trade effectively, negotiate prices and process deliveries in Europe.
  • Happy World Trade month!