The Pina and the Colada

©2018 Laurel J. Delaney.  All rights reserved.

"My point is, life is about balance. The good and the bad. The highs and the lows. The pina and the colada." -- Ellen DeGeneres

The Gilded Age Reboot Has Gone Global

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As Quartz says, "Big business just keeps getting bigger. And the US government’s de facto green-lighting of AT&T’s purchase of Time Warner last week is a sign of more corporate engorgement to come."

The gilded age reboot has gone global.

According to new research by the International Monetary Fund, it has among rich countries.

Read more here.

Small Businesses: The Engine of American Prosperity

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Is the National Federation of Independent Businesses (NFIB) a non-partisan organization?  You decide.

Relax and Take a One-Hour Aerial View of the Fiji Islands

What's the Difference Between Hiring Globally Versus Locally?

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If you are operating globally, you need to hire globally yet how is it a different ball game when you’re hiring globally versus locally?

For small businesses it’s hard enough to hire locally let alone recruit globally. For example, around the world, only one in four software developers actually work for software companies. This means that local organizations are now competing with large global organisations for talent. However, they may not have the resources, or the need to bring a full-time person in for it.

Read more about how the Internet has the power to make small business and big business absolutely equal in the world of search.

Today in Global Small Business: Show Respect and Do Business Across Borders

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

• Just the fear of a trade war is straining the global economy.
• Join the next WEGGinar™ on 7/11 to learn how to harness cloud computing and at the same time find out key growth lessons from more than 50 startup owners using cloud computing.  It's free of charge and you can register here. 
• How to show respect and do business across borders.
• The Trump trade war effect on certain US cities.
• eBay go global platform attracts a lot of Malaysian businesses.
• Don't be vulnerable to big companies -- learn to scale.

Happiness Radiates

"Happiness radiates like the fragrance from a flower and draws all good things towards you." -- Maharishi Mahesh Yogi

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

Global Superstar Firms

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The rise of the global superstar firm.  That is a warning buried at the end of the International Monetary Fund's (IMF's) report on the American economy.

The question becomes:  Are some businesses just too dominant, too big, for the overall good of the economy?

MimaCZ

The IMF - a membership organization of 189 nations - is careful not to name names.

And firms which some might think the target - such as Apple, Facebook or Google - point out that their success comes from providing products and services that consumers want.

"Markets reward success," as the article The rise of the global mega-firms -- why the IMF is worried, states.

Why Go Global? Top Ten Reasons.

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Less than one percent of America’s 30 million companies export – a percentage that is significantly lower than all other developed countries.

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Yet successful small businesses are learning how to master the transition from being a local company to global. According to the U.S. Department of Commerce, more than 70 percent of the world’s purchasing power is located outside of the United States.

That’s why many businesses are jumping on the global bandwagon – to capitalize on the potential of tremendous growth. Here are ten reasons to do so.

Top 10 Reasons to Go Global by Laurel Delaney

Britain's SMEs Enjoy Export Boost

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Telford-based Global Freight says the national figures, as noted below, mirror its own experience working with SMEs.

New figures which show that Britain’s small manufacturers are enjoying the fastest growth in export orders in more than a decade.

Nicole Gunter, managing director of Global Freight, said the figures reflected an increased drive by small manufacturers to tap into new markets in the wake of Brexit.

Read more about how SMEs are winning new business around the globe.

Catching the Global Entrepreneurial Bug

Today in Global Small Business: From Startup to Global Expansion

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

• Harness cloud computing and at the same time find out key growth lessons from more than 50 startup owners using cloud computing. 
• For future growth and prosperity, the Brits, especially Prince William, have a big push on exporting.
• States are rolling out the welcome mat for global trade.
• Where are we now on global trade for SMEs?
• How to turn website visitors into customers.
• From startup to global expansion.  A dream come true.
• Listen in on the WEGGinar™, "Grow Globally by Offering Competitive Financing Solutions" and learn how NOT to lose a sale because you don't know how to offer good terms to your overseas customer.

Wonders of a Summer Sunset

©2018 Laurel J. Delaney.  All rights reserved.

"When I admire the wonders of a sunset or the beauty of the moon, my soul expands in the worship of the creator." -- Mahatma Gandhi

Small Town Businesses Get a Global Presence

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According to the report (PDF) "Platform-Enabled Small Business Formation as a Counterweight Against Forces of Economic Concentration" from the eBay Policy Lab, online marketplaces give small businesses and entrepreneurs access to outside economies in these rural areas. This is driving growth in counties across the country which are not experiencing the same amount of expansion as in the coastal or more popular regions. -- Source:  Small Business Trends

We [eBay] have studied the patterns and growth of enterprises using the eBay Marketplace. Irrespective of where in the world we have looked, we have found micro and small businesses leveraging the online commerce platform model to engage in expansive commerce, often on a global scale. Across more than 50 countries we have studied so far, spanning the Americas, Africa, Asia and Europe, technology is empowering small firms to build operations that serve consumers across an unprecedented number of countries.

Learn more about how eBay is giving small town businesses a global presence.

Rewiring the Global Small Business Economy

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By giving businesses and their advisors a way to grow their business through connected accounting and business tools, Xero is soaring.

Herman Man, Vice President of Product and Partnerships at Xero, said: “Xero has long had a vision to rewire the global small business economy by giving small businesses and their advisors access to a powerful, global platform. 

Learn more about Xero's new features to small business accounting, which help accountants and bookkeepers assist their clients by asking the big questions, on cash flow, profit and revenue.

The World Has Lost the Great Designer Kate Spade

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Kate Spade, whose handbags every woman seemed to have, is dead at 55.  Here are some articles that related to her company's global growth.

• How Social Media Helped Kate Spade Become a Global Brand
• Kate Spade is a Brand Ready to Boom Around the World
• International Stores for Kate Spade
• Kate Spade New York Announces the Launch of a New Global Lifestyle Brand, Kate Spade Saturday
• Coach Just Bought Kate Spade New York for a Cool $2.4 Billion

In closing, read more about how Kate Spade became an icon and why her fashion legacy will live on despite her recent death.

Been There. Done It.

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British Childs Farm founder and Chief Executive Officer, Joanna Jensen says that making friends with entrepreneurs who have been there and done it is a key to eventual global business success. "Cosmetics can be a lonely place; it's all global pharmaceutical companies," explains Jensen.

[Fast forward ...] Today, the firm has 20 staff and an annual turnover of £5.7m. Bestsellers include its cocoa and shea butter baby moisturizer (£4.50) and a grapefruit and organic tea tree oil hair detangler (£5). It exports to Europe, Asia, Africa and the Middle East.

Read more about the mechanisms out there to help build a global business like Childs Farm.

Today in Global Small Business: Women Entrepreneurs Are Pushing Boundaries and Targeting the World for Business

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

• Women entrepreneurs are pushing boundaries, shaking things up, and targeting the world for business.
• If you are based in Des Moines, Iowa, get a lesson from Facebook on how to find customers.
• EU joins global battle against USA Trump tariff onslaught.
• What it is like to travel and meet with startups around the world.
• Why the startup community must defend merit-based immigration.
• WEGGinar™, Wednesday, June 6 at 11:00 a.m. Central Time, "Grow Globally by Offering Competitive Financing Solutions" and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Q&A fielded by Chantal Wittman, WEGG Board Member and VP of International Trade Sales, International Banking Division, MB Financial.  Special guest:  Laura Blodgett, who holds both the corporate Treasury Analyst role and the Accounts Receivable/Credit Administrator role for one of the divisions of Jergens, Inc.  WEGGinar™ is free of charge, thanks to the generous support of global sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/7394069852172520451.

Music and Cats

©2018 Laurel J. Delaney.  All rights reserved.

"There are two means of refuge from the miseries of life: music and cats." -- Albert Schweitzer

Best Countries to Live in the World for 2018

In the World of Architecture, Nothing is More Utilitarian than a Bridge

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It's in bridges that some of the world's biggest architects show what their creative minds are capable of.

From the Zaha Hadid–designed bridge in Abu Dhabi, to perhaps the lesser known Khaju Bridge in Isfahan, Iran (shown), AD [Architectural Digest] rounds up 18 of the world's most beautiful bridges.

The author, Nick Mafi, says, "In function, they [bridges] allow us to reach the other side of the divide. In form, however, they do something else entirely."

View the most beautiful bridges in the world.

Promoting Job Creation and Economic Growth in Rwanda

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IFC, a member of the World Bank Group, made a $10 million investment to I&M Bank (Rwanda), which will focus on supporting smaller businesses operating in Rwanda’s tourism, agriculture, and trade and commerce sectors, the backbone of economic growth in the country.  By lending to small businesses, IFC+I&M Bank are promoting job creation and economic growth in Rwanda.

SMEs account for 98 percent of all businesses in Rwanda, and contribute more than half of its total gross domestic product.

Read more here.

A Spoonful of Sugar

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The London house formerly owned by actress Julie Andrews (“Mary Poppins” and "Sound of Music") and her late husband, filmmaker Blake Edward (“The Pink Panther”) is for sale. They lived in the house in the 1970s.  Margaret Thatcher once lived next door.

Buckingham Palace and Hyde Park are within walking distance. A wide array of restaurants and cafes ranging from Dominique Ansel Bakery to Starbucks are within walking distance. Boutiques, restaurants, a cigar shop, a florist, and other [global] small business that lend a village vibe to the area can be found nearby on Elizabeth Street.

Learn more.  Oh, and the price is $32.4 million.

Today in Global Small Business: Remembering Those Who Have Served Our Nation (USA)

©2018 Laurel J. Delaney.  All rights reserved.

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

• Happy Memorial Day -- remembering those who have served our nation with uncommon valor.
• A roadmap for governance.
• What small businesses should know about General Data Protection Regulation (GDPR) and why.
• Next educational WEGGinar™ is Wednesday, June 6 at 11:00 a.m. Central Time, "Grow Globally by Offering Competitive Financing Solutions" and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  WEGGinar™ is free of charge, thanks to the generous support of global sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/7394069852172520451.
• How to get your products ready for e-commerce.
• Develop the future of fintech with Plaid.

How About 61 Donuts?

©2018 Laurel J. Delaney.  All rights reserved.

"It's nice to have my mother as someone I can talk to about acting. My dad's a director, so when he comes to watch me on set, he think it's his set. He's always telling a production assistant, 'Can you get me five donuts?'" -- Zoey Deutch

Is Your Company's Core Competency Transferable Overseas?

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Jim Altman, Middle Market Pennsylvania Regional Executive, Huntington Bank says, “To be successful in a foreign market, a company needs to gauge the viability of its product in that market, both in terms of its value proposition and price point, as well as understand the local competitive and regulatory landscapes."

He goes on to say, "“That requires assessing whether or not the competencies that made the company good domestically are transferable overseas.”

In an interview, Altman addresses 4 questions:

1. How can companies determine whether they’re ready for the global stage?
2. What commonly gets companies in trouble when they venture beyond the U.S. borders?
3. How can a banking partner facilitate a company’s growth in the global market?
4. What signals that a banking partner can support a company’s international efforts?

Read more about how to successfully set yourself up to go global.

Global One-Stop Solution for SMEs

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Known through inner circles as the "Square of Europe," iZettle (Sweden), a small-business tools and payments provider, has been acquired by PayPal for $2.2 billion.

PayPal CEO Dan Schulman said: "iZettle and PayPal are a strategic fit, with a shared mission, values and culture -- and complementary product offerings and geographies. With nearly half a million merchants on their platform, Jacob de Geer and his team [at iZettle] add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omni-channel commerce."

I've always been a big fan of PayPal yet I also love Square.  Don't underestimate Square (USA) -- they've rolled out a ton of new offerings that are super cool for SMEs.  Pay them a visit to find out more.

Why You Should Bet on Women-Led Companies Locally or Globally

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There are a ton of super-smart women entrepreneurs round the globe.  Jonathan Sposato, author of "Better Together" and chairman of GeekWire and PicMonkey, discusses (in a video interview) why he is investing in companies run by women.

Why You Should Bet on Women-Led Companies Locally or Globally

Consumers Who Shop Internationally Spend More Than Those Who Shop Locally

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Quiz of the day.  Name the top markets for e-commerce?  Who are the next big players?  Think you know?  I thought I did too until I interviewed Melissa O'Malley, PayPal’s Director, Global Initiatives and Communications.

Read the entire interview here.

Meanwhile, Melissa O'Malley says:

Our research finds that consumers who shop internationally spend nearly twice as much as those who shop only domestically–clearly, cross-border sales can be a vital source of incremental revenue for merchants. 

And related to cross-border sales, every so often I send out an Exporting Guide newsletter.  My goal is for you to love learning about how to export.  Are you on the list?  Sign up on the right sidebar where it says Subscribe.

Today in Global Small Business: Four Women Are Solving Real-World Problems

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

• Everything you need to know about podcasting to start and grow your global business.
• How to build an international, socially conscious business on a budget.
• Just land a new customer overseas?  Losing sleep over how to get paid?  Attend the next educational WEGGinar™, Wednesday, June 6 at 11:00 a.m. Central Time, "Grow Globally by Offering Competitive Financing Solutions" and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Tamara will make sure you don't lose a customer as a result of not knowing how to finance the deal. The WEGGinar™ is free of charge, thanks to the generous support of global sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/7394069852172520451.
• The road to sustainable world-class universities.
• Meet 4 women who are changing the world and solving real-world problems.
• How e-commerce is accelerating global growth for small businesses.

Best Wishes to Prince Harry and Meghan Markle

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May the years ahead be filled with lasting joy, love and happiness as you begin your new life together.

PayPal Extends Its Global Reach by Buying iZettle

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Holy cow!  PayPal has reached a deal to buy iZettle, Europe’s answer to the mobile payments company Square, for about $2.2 billion.

PayPal’s chief executive, Dan Schulman, says, "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile."

The deal is considered the company’s biggest takeover — and would underscore the arms race in the world of payments, especially as digital and mobile transactions are increasingly being adopted across the world.

Read more about PayPal agreeing to the $2.2 billion deal for European payments start-up iZettle.

Produce Pioneers: Importing and Distributing Avocados

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Galen Newhouse and Randy Shoup started West Pak Avocado at a time when avocados where almost unheard of.

From selling fruit to local distributors from their small pack-house in California, the pair have grown the company into what it is today - a multinational distributor with five distribution centers delivering fruit from California, Mexico and South America to customers in North America, Asia and the Middle East. 

Newhouse added that they were successful in the end and credits integrity, honesty and reliability with that success. "We won them over because we always delivered and did what we promised. We always did what we said we were going to do so, and overall we overcame the issue."

Learn more about the West Zak Avocado success journey -- from small avocado company to global business.

A New Era of Global Trade

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Christine Lagarde, IMF Managing Director, talks about the future of trade, especially in Portland, Oregon—which she thinks is a fitting venue for her speech on global trade.

Why? Because global trade has a lot in common with the famous bridges across the Willamette River. Some are old, and some are new. Some are in good shape, while others are creaking. Some are non-descript, while others are exceedingly beautiful.

As Christine goes on to say, "Despite their differences, all these bridges are getting the job done—connecting communities and businesses, and encouraging the flow of products, capital, and ideas. This is, in many ways, the story of global trade."

Read more about Christine Lagarde's speech on creating a better global trade system.

The Nordic Museum: A Celebration of Arts, Culture and Innovation

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The new Nordic Museum, costing about $50 million to build, is based in Seattle and celebrates the city’s many immigrants from Scandinavia and nearby countries.  It includes a soaring Fjord Hall with 20-foot-high glass-walled walkways. The walkways are intended to suggest the immigrant experience.

The museum location, the neighborhood of Ballard, is considered the home to a large Nordic population.

Learn more about the Nordic Museum here.

Today in Global Small Business: From a Small Business to a Global Brand

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

• Following one simple plan  -- find out what it is -- grew a tiny Hong Kong shop from a small business into a global brand.
• Three winners of the Google video competition -- in partnership with the International Chamber of Commerce and World Trade Organization.
• Consumers can now buy high-end products from airport duty-free shops, department store counters and e-commerce channels; learn which category is ruling the roost.
• Believe it or not, everyone can compete on the global playing field.
• The day after Mother's Day:  lessons from Mom from entrepreneurial leaders.
• Just land a new customer overseas?  Losing sleep over how to get paid?  Attend the next educational WEGGinar™, Wednesday, June 6 at 11:00 a.m. Central Time, "Grow Globally by Offering Competitive Financing Solutions" and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Tamara will make sure you don't lose a customer as a result of not knowing how to finance the deal. The WEGGinar™ is free of charge, thanks to the generous support of global sponsors: UPS, IBM and Bank of America – go here to register: https://register.gotowebinar.com/register/7394069852172520451.

Hello World! Hello Spring!

Spring brings new life into the world around us.

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

Establish Sales in Other Countries

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Outside the high-tech realm, pundits say automotive suppliers need to broaden their geographic reach by establishing sales and satellite operations in other countries.  You have to think big.

“This is the way of the future. You have to have a global footprint or representation of some type in other countries,” said Azzopardi [Jonathon Azzopardi, president and CEO of Laval Intl., a mould manufacturer in Tecumseh, Ont.].

Read more about the automotive outlook -- local and global.

E-Commerce Supremacy Goes Global

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The world's largest retailer, Walmart, will acquire a 77% holding in Flipkart Group for $16 billion.

The deal — Walmart's biggest ever — gives it greater access to India's e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade.

For Walmart, this move enables it to tap into India's retail market without building stores.

Learn more about how Walmart just bought its way into India's e-commerce treasure trove.

Smaller Countries Need to Think Internationally From an Early Stage

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A founder in Sweden or Ireland knows from day one that their business needs to be international, if it is ever going to get really big.  Whereas a founder operating in the United States, India or China, for example, can focus 100 percent on their home market and still build a billion dollar business.

Smaller countries need to think international from an early stage.

According to an article published at Venture Beat:

Startups from countries with a population of less than 50 million go international twice as fast as startups from countries with a population of more than 50 million: 1.4 years as opposed to 2.8 years.

Read more about when your startup should expand internationally.

April 26, 1956: Containerization is Born and Globalization Sets Sail

Today in Global Small Business: How Smaller Enterprises Can Take Advantage of International Markets

Photo courtesy:  Apress

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

• Attend the next educational WEGGinar™, Wednesday, May 9 at 11:00 a.m. Central Time: Building Your Global Brand Through Podcasting and presented by Kathrin Bussman, Ph.D., founder and principal, Verbaccino.  Get an earful from Kathrin on how to approach podcasting as a content-marketing effort and how to put one on.  It’s FREE of charge, thanks to the generous support of our sponsors: UPS, IBM and Bank of America – go here to register: https://attendee.gotowebinar.com/register/3759262530790572546.
• Taking the issue of sexual abuse on campus seriously, Yale has rescinded its Honorary Degree to Bill Cosby.
• Zero to global.
• Easyship:  Start shipping globally in minutes.
• Social impact is gaining currency and adding to the bottom line.
• 10 steps to becoming a global small business (and thanks Small Business Trends for the mention and link to Laurel Delaney's book when you talked about "how smaller enterprises can take advantage of international markets).

Architecture Should Excite you

©2018 Laurel J. Delaney.  All rights reserved.

"I don't think that architecture is only about shelter, is only about a very simple enclosure.  It should be able to excite you, to calm you, to make you think." -- Zaha Hadid

Showing the Way Ahead: Cloud Based B2B Startups

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According to Samir Kumar, Managing Director of Inventus Capital Partners, when it comes to building a truly global business, it is perhaps cloud based business-to-business startups that are showing the way ahead.

Companies such as Unbxed, Tricog and Insta Health building robust businesses almost entirely targeting global markets. From a time when fledgeling companies had to spend precious resources on feet-on-the-street salespeople, today the internet has drastically decreased most such expenses. 

"Entrepreneurs need to remember that for a strange company from India to unseat incumbent rivals, they need to show up with something more than just lower pricing," says Kumar.

Read more about what is most challenging for global-minded startups.

U.S. E-commerce Logistics Costs Are Expected to Rise through 2020

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According to a report entitled “E-Commerce Logistics in the United States,” e-commerce logistics costs in the U.S. now accounts for 6.9% of total U.S. logistics costs, which is ahead of 2016’s 5.2% tally.  Making these figures even more significant is that based on data from the U.S. Census Bureau, when it first tracked e-commerce sales in 1999, e-commerce represented a mere 0.6% of total retail sales.

The report also indicates that over the last five years, e-commerce logistics costs have a compound annual growth rate of around 15%, with the expectation that it will remain at the level or head further up.

It estimates that U.S. e-commerce logistics costs are expected to increase at an 18.8% rate per year through 2020.

Learn more about U.S. e-commerce logistics costs and what is expected in the future.

Super-Sized Cargo Ship Hauling Luxury Vehicles from Around the World

Mastering the New World of Work

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According to Gianpiero Petriglieri, associate professor of organizational behavior at INSEAD, few of us these days expect our organizations to guarantee a job for life. In that sense, we are all independent workers.

In fact, mobility often defines talent in this world: The people who feel safest are those who know they can leave, and the people organizations are often most desperate to keep are those with ample options elsewhere.

What does this mean?  We must master the new world of work. And to do as such, Petriglieri says you must "fashion a masterful self, able to endure adversity, experience freedom and be of service to others."

Learn more about how to take charge of your career here.