One-Size-Fits-All International Expansion Is Over

©iStock/Gearstd

If you can get through the ads in this article, you can uncover some new perspectives on international expansion. The big one the author claims: a one-size-fits-all international expansion is over.

• One-size-fits-all global hiring is obsolete. Today’s expansion leaders strategically blend three workforce models — entity-based employment, EOR solutions and contractor relationships — choosing the right fit for each market, role and business objective.
• Flexibility is now a competitive advantage because market uncertainty demands agility, compliance complexity is accelerating and local nuances determine success.
• Companies that scale globally most effectively master compliance that adapts to local requirements, payments infrastructure that works everywhere and the ability to shift models as strategy evolves.

Read the entire article here.  If you want to learn about a new international playbook, watch this.

Today in Global Small Business: Unique Outdoor Stays to Find Yourself

©iStock/Alexlukin

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

• A comprehensive resource for unique outdoor stays (timely during a pandemic) – Hipcamp.
• Speaking of traveling, how about fly now and pay later?
• What do people think of globalization and trade? 
• Quote of the week:  “Travel makes one modest, you see what a tiny place you occupy in the world." – Gustave Flaubert
• A five-step plan for businesses to scale globally, which includes remembering to speak the language.
• What's it like to launch a big global marketing campaign?

Today in Global Small Business: More Than 50 Big Brands Controlled by 10 Unheard of Companies

©iStock/Tomsmith585

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

• Finding global success by listening to global changemakers.
• Create a strong personal care brand with worldwide appeal; wegginar® 4/10/19
• Quote of the week:  “You have to be constantly reinventing yourself and investing in the future.” – Reid Hoffman
• 10 companies control more than 50 brands worldwide.
• One piece of advice to budding entrepreneurs from successful entrepreneur Nick Ogden. 
• Here's your chance to scale globally Indian startups.

Is It Time to Scale Globally?

©iStock/ChrisGorgio

Perhaps you have a small online business supplying homemade jelly and all your stock is stored in your basement. What will you do if you get an order for 10,000 jars of jelly from the UK or Argentina?

Make sure you assess whether your chosen systems -- how you make the product, ship it, and get paid --  can withstand increased orders.  Otherwise, you might need to start an overhaul. What will that cost you, in time and money, to implement?

Read more ...  

If You Want To Scale Globally, Incorporate Technology

©iStock/iSergey

How do you leverage technology to benefit your business?  Many, when they first think about technology, think "oh, I'm not on top of my game," and the second thought is, "maybe I am, but how can I get more customers from using technology?"

Today’s entrepreneurial landscape is irrevocably tied to technology. Every new venture is beholden to it, even those whose deliverables seem thoroughly analog.

Read more:  How to Make Your Startup Tech-Savvy - No Matter the industry, it is important for [global] entrepreneurs to be able to talk tech.