![]() |
©iStock/DoctorEgg |
Like all good tricks, this so-far-hypothetical $20bn great gratis grab takes a bit of setting-up. For a start ...
The Definitive Blog for Entrepreneurs and Small Businesses
Interested in Going Global
![]() |
©iStock/DoctorEgg |
Like all good tricks, this so-far-hypothetical $20bn great gratis grab takes a bit of setting-up. For a start ...
![]() |
©iStock/Guilaume |
![]() |
©iStock/Caiaimage/Martin |
Here are some tips to help you decide whether a local entity or PEO is right for your business's global expansion.
![]() |
©iStock/Dmitry Kovalchuk |
Given the potential benefits of expanding internationally, the effort is worth it on mastering the above.
How can businesses best prepare for and navigate the inherent challenges of global growth? Prepare a global strategy and take the time to consider all aspects of going global to ensure success.
![]() |
©iStock/anyaberkut |
That's how to change the world. Read on to learn why all business is global business today.
![]() |
©iStock/Tryaging |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/f11photo |
While some were seasoned exporters that simply found buyers for their goods or services in one additional new country, at least three of the firms sold internationally for the first time ever in 2022.
There are so many winners! Check them out here.
![]() |
©iStock/Oleksil Liskonih |
Meanwhile, they had a little meeting – not sure who's courting who. May the clean-shaven man earn whatever they are going after!
Alongside its dramatic production ramp, Tesla has been growing its global market presence in parallel. This has included founding new facilities outside its home market of the United States and entering countless new markets with its popular Model 3 and Model Y vehicles.
![]() |
©iStock/VV Shots |
The Paris-based startup plans to continue its mission of “transforming the travel industry” for travel professionals and consumers, said Grégoire Pasquet, the company’s co-founder and CEO.
A key player in the French market, Worldia has also successfully expanded into the German, Belgian and Spanish markets and has done a first pilot in the US.
![]() |
©iStock/wellesenterprises |
And while Michigan is home to many global corporations, the state’s small business community is actively involved in contributing to Michigan’s presence in the global market. Case in point: nearly 89 percent of Michigan exporters are small businesses.
Yes, that's right. Small business exporters are driving growth for Michigan. Check out how Michigan can help you grow your exports.
![]() |
©iStock/Nuthawut Somsuk |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/Oleksii Liskonih |
To become more self-reliant and avoid future supply chain storms, invest in these five areas to develop the right strategy.
![]() |
©iStock/krblokhin |
Find out what else an Export Trading Company can help with.
Learn how Warren Buffet is investing in Japanese Trading Companies.
If you are attending, ping me to meetup and if you are not yet a WPO member, learn more here about joining so you can attend next year's Forum.
![]() |
©iStock/1550539 |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/Biod |
The charming, articulate executive [Robert Herjavec] we see today on ABC’s Emmy Award-winning show “Shark Tank” is a far cry from the shy, uncertain young man who grew up in Canada after fleeing communist Yugoslavia with his parents.
Learn more about Robert Herjavec and how he earned the 2023 Asper Award for Global Entrepreneurship.
![]() |
©iStock/metamorworks |
There are five main indicators for determining if your startup is ready to go global. If one or two of the indicators here apply to your business, you’re definitely headed in the right direction.
But before you take the leap, you need to be aware of the challenges and risks. Start by asking yourself these questions.
![]() |
©iStock/Liudmila Chernetska |
Details about which markets Chewy plans to expand to were scarce but Singh said the company is considering “entry markets that possess attractive characteristics for our initial international expansion plans.”
![]() |
©2023 Women Entrepreneurs Grow Global |
![]() |
©iStock/cienpies |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/v-graphix |
In a technical report released on March 27, 2023, OpenAI provided a comprehensive brief on its most recent model, known as GPT-4. Included in this report were a set of exam results, which have been visualized in this article.
![]() |
©iStock/thitivong |
There are other reasons consumers and firms buy abroad that also make them better off—the product may better fit their needs than similar domestic offerings or it may not be available domestically. In any case, the foreign producer also benefits by making more sales than it could selling solely in its own market and by earning foreign exchange (currency) that can be used by itself or others in the country to purchase foreign-made products.
![]() |
©iStock/Elena Horrmann |
![]() |
©iStock/Vitalli Pasichnyk |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/uzenzen |
And in the United States, according to The World Economic Forum, many women are fueling the uptick in global entrepreneurship, creating around half of all new businesses in 2022.
Cravings for financial stability and flexibility were two of the reasons women gave for founding their own companies, data by Gusto indicated.
Yet at Escape From Corporate America, established in 2004, there are other reasons for women starting their own businesses: They want freedom, flexibility, recognition, more money, and opportunities to leave a legacy – all the things they once thought they would find within corporations.
Learn more about WEF's report on why more women are starting businesses than ever before.
![]() |
©iStock/Vitalli Barida |
Download this collection of media assets to surface and share across their personal social-media accounts—from Twitter and Facebook to LinkedIn, Instagram and beyond. They can be added as user profile photos, banners or posts. Act now.
Let us not forget about Paul Whelan, the ex-US Marine jailed in Russia as well.
![]() |
©iStock/small smiles |
Internationalization comes with expenses and risks, but with careful planning and a well-thought-out export strategy, overseas markets offer fantastic growth prospects.
![]() |
©iStock/Stephen Barnes |
Now, according to Sandler, Travis and Rosenberg, P.A., U.S. Customs and Border Protection is being urged to take specific actions to ensure that its forced labor enforcement efforts don’t result in supply chain disruptions.
In a recent letter, Federal Maritime Commission Commissioner Carl Bentzel commended CBP for its work to enforce laws prohibiting imports of goods made with forced labor, including the Uyghur Forced Labor Prevention Act. However, he added that legitimate delays in ensuring compliance with the UFLPA might create cargo back-ups at U.S. marine terminals, leading to operational challenges and potentially congestion at a time when “the supply chain is only now beginning to recover from two years of pandemic-related disruption.”
Read the entire news report from ST&R here.
![]() |
©iStock/Stas_V |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/moisseyev |
A resumption of trade to China in 2023 would be a plus for the broader Australian wine industry because there was an oversupply of red wine that hadn’t been able to find a home.
Read more how Australian winemakers are gun-shy about China but the profits are too big to ignore.
![]() |
©iStock/Andrea Migliarini |
Find out how global small businesses can reach global audiences.
![]() |
©2023 Women Entrepreneurs Grow Global®. All rights reserved. |
![]() |
©iStock/Ilya Lukichev |
![]() |
©iStock/Viktoriia Hrypas |
![]() |
©iStock/Chainarong Prasertthal |
“This gives us a bit of an indication of where world trade is heading,” says WTO Chief Economist Ralph Ossa told Bloomberg in a recent interview. “The future of trade is in services, particularly digitally delivered services.”
Read more to appreciate how the golden age for electronic commerce is already upon us.
Related to this, read research fellow Kati Suominen's report, "Trust in trade: Challenges to the global convergence on digital standards," for the Hinrich Foundation.
![]() |
©iStock/Amorn Sarıyan |
The program was designed to empower women entrepreneurs with personalized business mentorship, professional knowledge and skills as well as tools and networks to transform their existing enterprises into successful and sustainable export businesses.
Learn more how Zimbabwe businesswomen are encouraged to venture into exports.
The nonprofit Women Entrepreneurs Grow Global® has always felt that educating women business owners on how to export creates a competitive edge for them.
![]() |
©iStock/leekris |
This year, the SBA’s Office of International Trade selected Regions Bank and Amerant Bank as the 2023 Export Lenders of the Year, and Berkshire Bank as the 2023 International Trade Lender of the Year.
Read more here.
![]() |
©iStock/Urupong |
They possess ideas about membership, meetings, partnerships, marketing, and more that make perfect sense in America but may not apply in different countries and regions. And as diversity, equity, and inclusion (DEI) becomes a norm in organizations, it may become another source of potential friction.
If one is on an early path to globalization, Athitakis recommends you practice cultural humility. You ought to first recognize that any global effort needs to be based on understanding not only the strategic role a new country or region might play in their efforts but also the inherent cultural differences.
![]() |
©iStock/Iryna Mylinska |
![]() |
©2023 Laurel J. Delaney. All rights reserved. |
![]() |
©iStock/AvigatorPhotographer |
As countries retreat from globalization and begin to look increasingly inward, there could be wide-ranging implications for both economic and geopolitical stability. Just as with the surge in globalization, however, the consequences of this pullback are proving to be unevenly distributed, with low- and middle-income countries bearing the brunt.
Catch Prasad's essay here.