Worth Migrating For

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In our hyperglobal economy, opportunity abounds but how do you know where? A new study sheds light for people desiring to leave their homelands and for the countries that might adopt them.

Bribes, Red Tape and Cultural Differences

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OPEN Forum offered by American Express and under Anita Campbell's stewardship has my next entry up on bribes, red tape and cultural differences. It goes into great detail about whether there is a true opportunity for consultants in the United States to do business globally or is the opportunity primarily for product companies.

If you find it useful or wish to add to it, be sure to do so at the designated areas. Also, we placed an official badge on our blog to show all the OPEN Forum entries. Be sure to check out when time permits.

Gap Gains Ground Internationally

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To boost its sales, Gap is seeking growth outside the U.S.A. Key strategy: franchised partnerships. Read more here.

Latest Global Hotspot?

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Good old USA! There's no place like home and as U.S. manufacturers become more efficient through the use of lean methodologies, flowing production back from China to the United States can be a smart business move.

Read more here.

Selling 10.3 Million Korean Customers

I looked at these photos and thought: What an EXTRAordinary branding and selling opportunity! Imagine getting your product or service mentioned in Korean (with a dot com link) on every single umbrella in South Korea during a typical day at the beach? Imagine if you manufactured the umbrellas?

WOW.

Photo credit: Global Trade & Technology Center

Entry corrected 9/19/08. We were originally told these photos were taken in China but learned from one of our readers (see comments) that, in fact, they were taken in South Korea at a place called "Haewoondae" in Busan (Pusan) which is the second largest city in South Korea.

Building Out Your Global Small Business

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Learn what's happening in the Middle East area for IT players serving the needs of the engine that drives global economic growth: SMBs. Read "Building Out Your Small Business"

Whether big or small, this advice applies to us all:

“Honest business and always one consistent message to the market (as well as inside the company). Kyocera started the business in 1959 with 28 people and in 2007 it is now an enterprise comprising of 180 companies with about 63,500 people with 8.1-billion Euros in revenue.” Each company has various views and opinions about starting a small business. However, each of these reactions relates to their own experiences and know-how and that definitely is a big thing to consider. Starting your own small business may face trials and hardships at first, but it will somehow begin to show signs of development once you learn to see what makes it progress.

Doing Business 2009

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Doing Business 2009 is available. The sixth in the World Bank Group's annual series on business regulations, Doing Business 2009 provides a look at five years of reforms since 2004.

Browse for it here or download report overview here (PDF, 339KB).

Going Beyond the Basic Online Presence

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How do you go beyond the basic online presence to attract international customers? Case in point: If you live in Barcelona (which I am sure many of you do!) and wish to travel to the Midwest to get an idea of what a USA farm is like, which of the following would you aspire to visit assuming both farms produce similar items and are close in proximity?


This picture represents exactly how you set yourself apart (online) in the global marketplace. Think Richardson's Farm Corn Maze, is going to go unnoticed for long? I doubt it because they understand the difference between ordinary and EXTRAordinary! And with it comes lots of hard work, exceptional marketing and bold creativity.

Richardson has put in the sweat equity to declare they have the World's Largest Corn Maze!

What are you doing to carve your spot online as "the world's best xxx?" Will we find you?

Entrando En El Juego Del Comercio Internacional

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SBA’s “Breaking into the Trade Game: A Small Business Guide to Exporting” was translated into Spanish by Argentina’s Chamber of Exporters and will be disseminated as a joint effort between the Argentinean Chamber and the Small and Medium Enterprise Congress of the Americas on International Trade.

Says SBA Acting Administrator Sandy K. Baruah:

“In our global economy, trade among nations has proven a leading factor in economic development and job growth. For small businesses, learning how to break into the international trade game is a must to make them more competitive."

Download PDF file here:

Entrando En El Juego Del Comercio Internacional (Breaking Into The Trade Game -- Argentine translation)

The guide will be made available in other countries with large Spanish-speaking populations.

Join The Global Entrepreneurial Revolution

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Our respected colleague, Matthew Bandyk, at U.S. News & World Report, blogs at Risky Business and did a Q&A with me. You can catch it here: The Global Entrepreneurial Revolution.

Build a Global Team

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Of all the things Dave Gray, founder and chairman of Xplane, worried about when he branched out overseas, tripe never entered the equation. Yes, you read that right. Find out what this is all about here.

And if you need more, visit, "Export Dream Team." (Requires fast, easy and free sign-up.)

Go Global Right At the Start

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Again, welcome Wall Street Journal readers -- happy to have you with us!

Here's what Randy Komisar, Kleiner Perkins Caufield & Byers says (2004) about whether to go global right at the start:

According to Komisar, globalization needs to be part of the tool set for every entrepreneur doing a start-up today. This doesn't mean immediately going global, but understanding the global market and having a plan for the future, he adds.

Watch his 3 minute, 19 second video clip about it here.

I don't necessarily agree with his remarks but let's give him the benefit of any doubt. After all, this video was done in 2004. A lot has changed since then.

If you are smart, innovative, proactive and know how to manage risk -- you can attack markets in far off places right at the start of your business. Of course, it helps to begin planning early.

Weak Dollar and Weak Economy Empower SMEs to Go After Overseas Customers

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Welcome Wall Street Journal readers! Happy to have been a part of this important article by Raymund Flandez, "Looking Abroad For a Bigger Boost in Business."

It talks about how the weak economy, dollar prompts firms to go after foreign consumers.

Exporting Grows a Business

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It's a fact: Businesses earn more and grow faster by exporting or growing global.

Find out how and why here.

Will Outlet Stores Work in Europe?

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A new book, "Le Deal: How a Young American, in Business, in Love, and in Over His Head, Kick-Started a Multibillion Dollar Industry in Europe," by J. Byrne Murphy is a memoir of a decade of dealmaking in Europe, most memorably in France, as Mr. Murphy scouts out commercial sites, partners with local developers, meets the demands of politicians, cuts through red tape, and brings a fresh idea to a place not exactly ready for it.

This all takes place after a catastrophic crash of his American business. Rings loud and clear to similarities many of you are experiencing with your domestic business -- rough going.

So if you feel frustration in your effort to grow your business global and need a dose of inspiration, this might be the book for you. Here's the review I caught in the WSJ after I had read the book.

Is there a pot of gold at the end of this storm-to-rainbow story? You bet. Murphy's MacArthurGlen has 11 centers in Europe now, employing 8,000 people and boasting a billion dollars in annual sales.

Goes to show you that anything is possible provided you have that can-do entrepreneurial spirit (perseverance).

Show Me The Export Money

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Small U.S. companies can get into global trade via creative financing with the new UPS Capital service. The timing could not be better considering economic turbulence is making it difficult for small businesses to obtain affordable financing through traditional means.

The service enables small companies to use their in-transit UPS shipments as collateral for loans. Yes, you read that right.

During the online complimentary news conference on 9/9/08, UPS Capital executives will provide an in-depth look at how the innovative service works and how it helps small businesses. A small-business owner who has been using the service with great success will be part of the call.

Don’t miss out. Reserve your spot and get into global trade TODAY. Click here so we can show you the export money!

Is There A Sweet Spot Overseas?

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For Chocolate Bar, there is. And welcome Wall Street Journal readers! We are so pleased to have been included in this article and that you found us. While you are here, explore. Come back again as often as you like.

Ignore Globalization At Your Own Risk

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Growth during difficult times can most certainly come from emerging markets. It's a good way to be a part of reshaping globalization.

Read more about that, a new book and more here.

Cheap Exports Are Booming For Small Businesses

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America's relatively cheap exports are booming and have played a critical role keeping the U.S. economy out of recession. In response, more small-business owners are looking to tap overseas markets and banks are looking to grow with them.

Read more about it here but don't let this quote confuse you: "There are 50,000 small- and medium-sized exporters in PNC's footprint, and ..." They must mean customers of a certain size who will use their services because our number is more like 240,000 (and growing) SMEs are exporting from the United States.

Can Consultants Go Global?

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Is there a true opportunity for consultants in the United States to do business globally? Or is the opportunity primarily for product companies? If we can go global at GlobeTrade, you can too. Here's why. And feel free to weigh in with your own comments.