Friday, March 23, 2018

Lessons From Experts on Going Global

©iStock/Siphotography
Expanding a business into a new overseas market oftentimes requires boots on the ground to ensure you understand local consumption patterns, marketing strategies and the regulatory environment.

In the article below, two experts, Igal Stolpner, Head of Growth and Marketing, Investing.com and John Pollard, Executive Vice President, Registry for Donuts Inc., share hard-won lessons and strategies that you can adopt at your business -- immediately.

Read more about tips for growing your business internationally.

Thursday, March 22, 2018

Angel Investor: The Latest Insights and News on Angel Investing Worldwide

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Angel Investor magazine, published by World Business Angels Investment Forum, contains valuable insights and the latest news on angel investing around the world.  It is the only magazine in the world focusing on angel investing and early-stage equity markets.

In its current issue you will find interviews, opinions of guest editors, an in-depth focus on the Visegrad Four Group and insights into the Turkish entrepreneurship ecosystem. You will also hear from the Chairman of the World Business Angels Investment Forum: 6 reasons why 2018 is the year for angel investment to reach new heights.

What else does this new issue have for you?

Engaging interviews:
  1. Sweating Over Small Business Finance, Matthew Gamser of USA
  2. Taking Ownership of National Progress, Abdulaziz bin Nasser Al-Khalifa of Qatar
  3. Shredding the Conventions of Scale-Up & Exit, Callum Laing of Singapore
  4. Joining the Dots, Bostjan Skalar of Slovenia
  5. Don’t Take the Bull by the Horns, Ari Korhonen of Finland
  6. Peppers & Rogers, Dr Abdul Malek Al Jabaar of Middle East
  7. Luxembourg’s Rocketing Space Business Industry, Étienne Schneider of Luxembourg
A diverse list of guest editors from around the world:
  • The Global Development of Chinese Entrepreneurs, Wang Hui of China
  • President Trump Chooses India, Dr Nikhil Agarwal of India
  • High-Impact Micro-Angels, Bridging Gaps, Prof Ketikidis and Adriane Thrash of Greece
  • Financial Advice R-Evolution, Paolo Sironi of Italy
  • Capital Carnaval As Brazilian Angel Investment Flourishes, Cassio Spina of Brazil
  • Spread Your Wings In Asia!, Andrew Work of Hong Kong
  • Developing India Through Rural Entrepreneurship, Zakir Hussain of India
  • Ten Truths About Entrepreneurial Ecosystems, Norris Krueger of USA
  • Developing Entrepreneurs Who Will Change The World, Dr Hashim S Hussein of Bahrain
  • Realities of Female Entrepreneurship In North Africa, Douja Gharbi of Tunisia
  • The Davos of the Global Early-Stage Investment Community, Candace Johnson of France
  • Crowdfunding: Seeing Over the Crowd, Dr Charles Sidman of USA
  • From Idea to IDO in Six Months, Viktor Romaniuk Wanli of Poland
  • Growing Wings: Transitioning From CEO To Angel Investor, Paul Doany of Lebanon
  • 6 Keys to Unlocking Angel Investing Success, Baybars Altuntas of Turkey
  • The African Opportunity, Tomi Davies of Nigeria
You can download your complimentary copy here:  https://issuu.com/wbaforum/docs/angel_investor_2018

Wednesday, March 21, 2018

Cross-Border Data Flows Create New Digital Opportunities For Small Businesses

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Cross-border data access, usage, and exchange are essential to economic growth in the digital age.  The world is experiencing unprecedented increases in connectivity and global data flows.
This is underpinning the so-called fourth industrial revolution, which is characterized by end-to-end digitization of all assets and integration into a digital ecosystem.

According to Brookings, at its core, the digitization of economies and international trade should improve efficiency and increase productivity.

Learn more about how the internet and global data flows are a particular opportunity for small businesses to participate in international trade.

Download the report:  Global Economy and Development at Brookings | Regulating for a Digital Economy; Understanding the Importance of Cross-Border Data Flows in Asia by Joshua P. Meltzer and Peter Lovelock

Tuesday, March 20, 2018

The Sky is the Limit to Going Global

©iStock/Suat Gürsözlü 
In the past, successful entrepreneurs had to spend time and money hawking their wares at craft fairs or trade shows, but those days could be over. It’s possible for makers to instantly connect with a global buying community.

In this article, the author unknown, claims it is important for any business idea to be based on a strong foundation, and what this comes down to is identifying a demand that can be dynamically supplied globally.  The author addresses the following five points.
  1. Bringing great ideas together as one.
  2. Cutting out the middle men.
  3. Connecting the dots in real time.
  4. Doing much more with less.
  5. Bringing the wall down at last.
Read more about the secret weapon to go global with your idea or small business.

Monday, March 19, 2018

Today in Global Small Business: The Irish Impact Edition

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

Saturday, March 17, 2018

Best Day of the Year: St. Patrick's Day!



"May joy and peace surround you,
contentment latch your door,
and happiness be with you now
and bless you evermore!" -- Irish Blessing

Photos courtesy:  ©2018 Laurel J. Delaney.  All rights reserved.

Friday, March 16, 2018

New Global Shipping App

©iStock/Lux_D
International express delivery services provider DHL unveils MyDHL+, an app aimed at the UAE to bring new levels of speed and simplicity to the cross-border shipping process.
Shippers ranging from small businesses to large global corporations will be able to benefit from MyDHL.
Read more about how and why DHL picked the UAE market to launch its new app.

Thursday, March 15, 2018

An Unrecognizable Brand Goes Global

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Athletic Propulsion Labs (APL) is a new player from California that is climbing the ranks to take on rivals such as Nike and Adidas.  It is considered an unrecognizable brand that is going global.
APL is different from shoe brands like Nike and Adidas. These big labels have become household names and their logos are globally recognizable. But instead of competing by forcing recognition of its own logo, APL is lettings its design speak for itself.
Learn more about how APL is paying attention to its core customers and outshining the glimmer of the Nike Swoosh or the Adidas triple stripe.

Wednesday, March 14, 2018

Is Coca Cola Killing the Business of its SME Distributors?

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According to information gathered by a reporter, Coca Cola Company had about twelve distributors in Sierra Leone when it first started operations.  These distributors were known as Key Distributors, some as small business owners. They were responsible for the distribution of all Coca Cola products in the country.

Fast forward to now.
There is a court case looming between the Sierra Leone Bottling Company better known as Coca Cola Company and some of its former Manual Distribution Centres Operators. These Manual Distribution Centre Owners (MDCO) who were Small Business Entrepreneurs (SME) claim that Coca Cola Company has killed their businesses instead of supporting them.
Learn more about how SMEs are taking Coca Cola to court.

Tuesday, March 13, 2018

Enabler of Global Reach

©iStock/lucielang
How do you shine online to survive or thrive in the global marketplace?  You take it to either Amazon or eBay.

As one business owner puts it about eBay:
Selling on the eBay platform is a natural complement to your small business, your brick-and-mortar store. And it's an enabler of global reach. And so immediately, you go from being just, you know, a store maybe based in Akron [Ohio] to a store that people can see anywhere around the world.
As national public radio station WKSU reports, the eBay Retail Revival is a new project designed to help give local brick-and-mortar businesses, like the Akron, Ohio-based business owner, a global boost and eBay a new way to take on Amazon.

Read more about how eBay trains Ohio retailers to take on the world.

Monday, March 12, 2018

Today in Global Small Business: The Trade War Edition

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

Saturday, March 10, 2018

Weather the Storm

©2018 Laurel J. Delaney.  All rights reserved. 
©2018 Laurel J. Delaney.  All rights reserved. 
©2018 Laurel J. Delaney.  All rights reserved. 
©2018 Laurel J. Delaney.  All rights reserved.
"If you want to see sunshine, weather the storm." -- Frank Lane

Thursday, March 08, 2018

Be Ruthlessly Selective

©iStock/vladystock
The Global Small Business Blog helps you take your business global, which means increased revenues and profitability for your business.  Global expansion typically makes you become bigger -- number of employees, new markets and new products, for example.  Yet bigger on everything isn't always better.

For example, to get answers to growth challenges, your inner circle of confidants should stay small.  Oh really, you ask, when your LinkedIn, Twitter and Facebook fans might number in the thousands?

According to Harvard Business Review, they have advice on how to shrink it.

Here's one of their tips:
In other words, you need to be ruthlessly selective, because everyone in your core group also has an inner circle with which you will ultimately be connected, and those people will have an inner circle, and so on. 
They go on to say, "Carefully curate your most trusted, inner circle and you’ll be surprised at how much more valuable you’ll become to the larger community of people in the world who care about the same things you do."

Wednesday, March 07, 2018

Can Any Country Slap on Tariffs Easily?

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U.S. President Donald Trump said he would impose a 25 percent tariff, or tax, on steel imports and 10 percent on aluminum.

The questions that beg to be answered are:
  1. Why does Trump want to impose tariffs?
  2. Can any country slap on tariffs so easily?
  3. Why do stocks shift when tariffs are levied?
  4. What's a trade war?
  5. How are tariffs affecting negotiations to review the North American Free Trade Agreement (NAFTA)?
Learn more about how Trump's planned steel, and aluminum tariffs will affect you.

Tuesday, March 06, 2018

Global Small Business Success: Identify An Unfilled Niche and Fill it

©iStock/beer5020
While Hubba CEO Ben Zifkin was searching for a birthday present for his wife, he identified an problematic situation and recognized it as a niche waiting to be filled.
Zifkin envisioned a B2B platform to connect brands with the right retail buyers. The point was to empower a new wave of emerging brands and help them grow in today's transforming world of commerce. 
Did he do it?  Yes, and to date the site has connected with more than 60,000 brands and retailers.

Read more about how Hubba helps you go global.

Monday, March 05, 2018

Today in Global Small Business: Women Are Driving the Global Economy

©iStock/julief514
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, March 03, 2018

The Ladder of Success

©2018 Laurel J. Delaney.  All rights reserved.
"The ladder of success is best climbed by stepping on the rungs of opportunity." -- Ayn Rand

Friday, March 02, 2018

Is the Freight Forwarding Industry Primitive In Its Approach?

©iStock/Khadi Ganiev
Hundreds of thousands of small businesses constitute nearly 97% of total registered companies, collectively responsible for one-third of all U.S. imports and technology.  This industry has helped in making international trade processes a lot smoother than what the scenario was a decade ago but international freight still has a long way to go.
Though the popular opinion about the international freight forwarding industry is that it is primitive in its approach to technology, [Eytan] Buchman the VP of Marketing at Freightos] contends that the situation is a lot different than it looks. He believes this boils down to the dissonance between the perceptions of the shipper and freight forwarder towards international freight processes - while existing on opposite ends of the spectrum.
Read more to learn the effects of the international freight movement on small businesses.

Thursday, March 01, 2018

The World Evolves Unevenly

©iStock/colematt
According to a January survey by JPMorgan Chase’s commercial unit, some 62 percent of small companies, those with yearly revenue of $100,000 to $20 million, expect sales to increase this year. More than 80 percent of mid-size businesses, with up to $500 million a year, expect increased sales.

Still, some people think that small businesses are the last to really notice a change in the economy.

“The world evolves unevenly,” Jim Glassman, head economist for Chase Commercial Bank, told the Washington Examiner. “When the economy starts to get back on its feet, it’s always the big guys that are the first to see it. Smaller businesses hear about things happening but don’t really see it.”

Read more about the global economic outlook for 2018 and how it might impact smaller companies.

Wednesday, February 28, 2018

Market Uncertainties Cause a Slowdown in International Trade for UK SMEs

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The future outlook for international trade looks gloomy going into 2018 for UK SMEs, with 75 per cent of them expecting trade to decline or remain stagnant over the next 12 months.  That is according to WorldFirst's Global Trade Barometer.

“A positive that has come from such a negative year is that UK SMEs are seemingly drowning out the Brexit noise," says Jeremy Cook, chief economist at WorldFirst.

Read more on how UK SME confidence seems to have hit rock bottom when it comes to international trade.

Tuesday, February 27, 2018

Connectivity is Changing the Face of Global Small Business

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Karen Reddington, regional president for Asia Pacific at FedEx Express, talks with Enterprise Innovation on how rapid advancement of technology is boosting global connectivity and impacting the logistics sector in Asia.  She also addresses what key trends -- e.g., small businesses will flourish in the online marketplace -- in logistics are crucial for Asian businesses to succeed in the world marketplace.

Read the interview about how connectivity is disrupting the logistics in Asia.

Monday, February 26, 2018

Today in Global Small Business: Least Corrupt Countries on the Planet

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

Saturday, February 24, 2018

Innovation: A New Idea, Method or Device

©2018 Laurel J. Delaney.  All rights reserved.
"Innovation distinguishes between a leader and a follower." -- Steve Jobs

Friday, February 23, 2018

Singaporeans Have Little Interest in Globalizing

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Ouch.  Almost half of Singaporean small to medium enterprises (SMEs) have no interest in globalizing and taking their business beyond Singapore in the near future.
According to a survey [by global insurer QBE] of SME bosses, 45% said that they will not explore expansion across borders – a figure which rises to 56% for smaller SMEs. Just 14% indicated their intention to internationalize.
Read more about how half of SMEs in Singapore are uninterested in expanding overseas.

Thursday, February 22, 2018

Uptick in Overall Optimism in America

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Some 69 percent of leaders from mid-size companies across the U.S. said they were optimistic about the global economy this year, more than double the 30 percent in 2017, according to a new study by JPMorgan Chase & Co.
The 2018 Business Leaders Outlook survey was conducted online among mid-size firms from Jan. 2 to Jan. 19, and included 1,685 executives and 955 small-business leaders across various industries in the U.S. Mid-size companies are defined as those with revenue of $20 million to $500 million, while small firms have $100,000 to $20 million.
There's an uptick in overall optimism in America as U.S. tax cuts and looser regulation improve the outlook for domestic growth, according to the report.

Read more about how U.S. companies are growing increasingly upbeat about world economy.

Tuesday, February 20, 2018

Laurel Delaney's 3 Solutions to the Nagging Question: How to Make Product Imports Profitable

©iStock/BrianAJackson
Whether you line up customers in advance or pre-sell merchandise, trust is a critical factor in the grand scheme of the product imports process.  Further, it is no surprise:  Importing for the first time is complex.  For example do you go this way, that way or the other way?  Yet the rewards for getting started can be lucrative — from access to cheaper products to a stronger competitive stance in the marketplace.

But the biggest mistake importers make is this:  How are you going to sell the product you import at a profit?  Below I provide three solutions to that nagging question.

Read the article so that you, too, can make money on your imports.

Monday, February 19, 2018

Today in Global Small Business: The Global Blockchain Ecosystem

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

Saturday, February 17, 2018

There Are Only Side Mirrors

©2018 Laurel J. Delaney.  All rights reserved.
"You know what no one tells you about driving a truck? You are driving a truck. There are only side mirrors, and it does not handle like a Prius." -- Ari Graynor

Friday, February 16, 2018

Olympic American Gold Medalist Mikaela Shiffrin

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What's the secret to Mikaela Shiffrin's -- best slalom skier in the world -- success?  She naps. 
I do it on every race,'' Shiffrin said after the race, USA Today reports. "There's always a little bit of time between the first and the second run and I think I had an hour today where I could sort of lie down for an hour on a bench in corner of the lodge."
Something to think about as you run your global small business. Read more about Shiffrin here.

Wednesday, February 14, 2018

Lack of Global Rules

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Participants at the recent first ever cross-border e-commerce conference held in Beijing, China had a specific goal:  to discuss recent developments, challenges, and opportunities, as well as the enormous potential of digital trade.

Out of the discussions came three key factors that are currently limiting the positive potential of cross-border e-commerce.  They are as follows:
  1. A lack of global rules
  2. Customs solutions for the e-commerce age
  3. Coordination is key
Read the complete Information Economy Report 2017: Digitization, Trade and Development, issued at a United Nations Conference on Trade and Development (UNCTAD), which states 7% of business-to-consumer e-commerce in 2015 crossed national borders, amounting to a total value of around US $189 billion.

Tuesday, February 13, 2018

Visiting Another Country? Know Your Hellos

©iStock/annatodica
Before you visit a foreign country, there are so many details you should focus -- from how you might strengthen a relationship to what's the appropriate attire for business activities?

In "Ask a Cross-Cultural Expert:  Name 7 Global Trade Tips," Sharon Schweitzer covers:
  1. Speak their language
  2. Understand the local belief systems
  3. Know your hellos
  4. Respect local gender roles
  5. Be on local time
  6. Avoid cultural taboos
  7. Dress for success
And if that is not enough.  Ms. Schweitzer also emphasizes, "Be relationship-focused before, during and after your interactions overseas."  I could not agree more.  Read it here.

Monday, February 12, 2018

Today in Global Small Business: How the Year of the Dog Affects Foreign Firms in China

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

Saturday, February 10, 2018

Chicago: Mantled With Snow

©2018 Laurel J. Delaney.  All rights reserved.
"And finally Winter, with its bitin', whinin' wind, and all the land will be mantled with snow." -- Roy Bean

Friday, February 09, 2018

Aspiring Social Entrepreneurs Find a Niche

©iStock/LeoWolfert
As the world falls behind on some of the Sustainable Development Goals – inequality, consumption, climate change, and clean oceans – there are also places for aspiring social entrepreneurs to find a niche.  Fast Company discovers that four of our biggest global problems are big business opportunities.

Access the Global Opportunity Report 2018.  Another good read: From Global Goals to Urgent Solutions.

Wednesday, February 07, 2018

Help for Indian Firms Going Global

©iStock/monkeybusinessimages
The new Outward Direct Investment (ODI) policy may contain provisions to make it easy for many Indian firms, with big ambitious plans to transform themselves into multi-national companies (MNC), to go global and expand.

Historical perspective from the Export-Import Bank of India can be found here.

Discover more on how easier norms may help Indian firms go global.

Tuesday, February 06, 2018

How to Build Your Online Presence: Be Bold

©2018 Women Entrepreneurs Grow Global.  All rights reserved.
Attend the next WEGGinar™, Wednesday, February 7 at 11:00 a.m. Central Time: “Dare to Be Bold! Here’s How,” presented by CamMI Pham, Partner, ThinkRenegade. CamMI will cover how to be found online, be true to yourself and discover new ways of unveiling your strengths.

In addition, you will learn the secrets to how CamMI acquired a million (1 million) followers on Twitter and more than six-five thousand (65,000) Instagram followers. Yes, it takes perseverance but there's more to it than just that.

The WEGGinar™ is FREE, thanks to the generous support of WEGG sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/2297562974983287811. For updates, visit: http://tinyurl.com/pzz7xkd

Explore here: http://www.womenentrepreneursGROWglobal.org (@WEGGtoday; Like WEGG on Facebook: https://www.facebook.com/womenentrepreneursgrowglobal).

I'll be on the WEGGinar™ to field your questions.

Monday, February 05, 2018

Today in Global Small Business: Knowledge is Power in Global Business

©iStock/Michail_Petrov-96
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, February 03, 2018

There Is Nothing to Writing

©2018 Laurel J. Delaney.  All right reserved.
"There is nothing to writing. All you do is sit down at a typewriter and bleed." -- Ernest Hemingway

Friday, February 02, 2018

Teaching Entrepreneurship Worldwide

©iStock/YabobchukOlena
The Global Startup Labs (GSL) program from MIT International Science and Technology Initiatives (MISTI) continues to recruit undergrads and graduate students across the Institute to teach entrepreneurship around the world.  It now enters its 18th year.
Initially launched as a pilot program in Kenya, MISTI GSL now offers projects in 10 countries: Azerbaijan, Belgium, Brazil, Germany, Mauritius, Mexico, Nepal, Peru, Rwanda, and South Africa. Working in teams of three to four, MIT students travel abroad to help other students launch tech-based companies.
Read more about the MISTI Global Startup Labs and how to apply.

Thursday, February 01, 2018

Learn the Ropes Before You Travel Internationally

©iStock/Creative-Touch
Thinking about making your first trip overseas?  Before you even begin to plan your trip, first-time international travelers should work with an experienced travel agent who knows the country and can help you make decisions.

Details such as a whether you need a current passport, how to speed up the security process, how to convert currency and get appropriate health vaccinations required in certain countries, which all matter in terms of prepping in advance of your trip.

And don't forget about learning the language (a bit).  Well before and once you arrive in the country, it's time to learn and experience everything you can about its culture.

Read more about immersing yourself in a country before you visit and how to learn the ropes before you show up.

Wednesday, January 31, 2018

Female High Achievers at the ROSE Conference in Kuala Lumpur

©iStock/Alesikka
Women may not yet ‘Run the World’ like Beyonce intended, but we sure feel like they rule it.  And we can marvel at how far they’ve come and learn a lot from the high-achievers who will be speaking at the ROSE conference on February 6-7 in Shangri-La Kuala Lumpur.
The ROSE Conference will be featuring a panel of exceptional female personalities from the corporate and business world, to medicine and social activism, who will talk candidly about their successes and the challenges they face.
Read more about these exceptional female high achievers, taking on the world one step at a time.