Give the Gift of Going Global

Screenshot courtesy:  Public Good

For those who are interested in supporting the growth of women business owners and entrepreneurs, be sure to donate before the year-end to Women Entrepreneurs GROW Global (WEGG), a 501(c)3 nonprofit which educates women business owners and entrepreneurs worldwide on how to go global so they can run healthier businesses and create a new future for themselves, their families and their community.

There are a variety of ways in which you can contribute:

• PayPal 
• Smile Amazon
• Public Good

Full disclosure:  Laurel Delaney, creator of the Global Small Business Blog, is also the Executive Director of WEGG.

Thanks for your support.  Your contribution allows WEGG to create high-impact educational programming that helps women business owners and entrepreneurs worldwide grow globally, increase their revenue, create jobs, and make an even more impactful contribution to their families and the economy.

For Those Who Love Exports: Exim Bank is Back in the Global Game!

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President Obama signed EXIM Bank’s reauthorization into law on Friday, December 4, 2015, which means EXIM is back in the global game.

Beginning today [12/4/15], EXIM will be able to restart the work needed to meet its mission of supporting American jobs and equipping American businesses with the tools necessary to compete for global sales. Importantly, the Bank secured a long-term reauthorization that will be in effect until September 30, 2019.

Learn more:  EXIM Bank Reauthorization Information

Have a question?  Go here.  Want to get started?  Go here.

Today in Global Small Business: How Global Agencies Are Adapting to China's E-Commerce Boom

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

• How to prepare packaged goods for overseas delivery.
• How small businesses have contributed more than $8.3 trillion to global economy.
• How global agencies are adapting to China's e-commerce boom.
• Bitcoin positions itself as an Apply Pay alternative.
• The transportation tech space is in an all out war (Uber vs. Lyft).
• What's up with the fear of digital protectionism?

A Church That Moves You For Its Beauty

Just an ordinary day at Queen of All Saints Basilica, Chicago, Illinois.

Photos courtesy: ©2015 Laurel J. Delaney.  All rights reserved.

5G: The Next Generation of Global Mobile Networks

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5G is the next generation of global mobile (wireless) networks.

Tech savvy business owners are looking into the benefits of 5G technology.  How is it going to transform the way they operate? What should they do to prepare?

There are clearly a number of changes coming for small businesses as they await the introduction of 5G technology. Since 5G hasn’t officially been released, it is difficult to know what impact it will have on global small businesses. This is especially true since there is no unequivocal definition of 5G yet.

Read more:  Business Intelligence:  Will 5G Boost Small Business Success

How Inspiration For Developing a Product Can Be Your Own Butt

Spanx founder and businesswoman Sara Blakely talks about the challenges she encountered entering the global marketplace.  And yes, the inspiration for the creation of her product came from how she felt about her own butt.

Spanx can now be found worldwide in more than 50 countries. In addition to keeping butts covered seamlessly from Savannah to Singapore, SPANX also shapes the world by focusing on their mission: To help women feel great about themselves and their potential.

You Are Never Going To Grow If You Stand Still and Stay Local

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As a small business, you can't do everything.  But you can make conscious choices that lead to growth for your company.  For example, you can choose to stay local with your business or you can choose to grow global.

In this example, Alan Lowry took over a business in administration and turned it in to a global distributor of street furniture in a matter of years. Newtownabbey, Northern Ireland-based Environmental Street Furniture designs, sources and manufactures a range of products from litter bins and traffic bollards to railings and bicycle sheds.

Alan says:

“We started from absolutely nothing, with no suppliers, no customers, no product base, so we have worked very hard to build that up from nothing to where we are today."

Read more:  Enterprising businesses going global to expand

Trends and Players Driving Cross-Border Payments

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Judging by the level of merger activity in the global payments space of late, the pendulum is swinging much more towards the buy than the build (source:  Cross-Border Commerce Drives Global Acquisition Agenda).

For more information, visit:  Cross-Border Payments Ecosystem Trends, Players

Read related article by James Gagliardi:  Cross-Border Merchants Win with Added Functionality, More Languages

Tip:  The most successful retailers are using increasingly simplified checkout functionality and allowing users to choose to experience sites in a variety of multiple languages.

Today in Global Small Business: How U.S. Exporters Get a Leg Up from TPP

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

• What TPP means for small businesses.
• Meet the winners of Schwab's social entrepreneur awards in 2015.
• Hear what an expert has to say about small business customs compliance and supply chain regulations.
• What to know before your website goes global.
• How one small business promoted Small Business Saturday [11/28/15].
• Singapore SMEs get help from Google to go global.
• How U.S. exporters get a leg up from TPP.

The Spirit of Latin America Lands With Latinicity in Chicago!

The spirit of Latin America lands in the heart of Chicago with Latinicity!  What is there not to love about food court Latinicity located at Block 37 (108 N. State)?  See for yourself.  

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

Reboot Global Trade Talks

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Jack Ma, founder of Alibaba Group wants to reboot global trade talks.

“WTO 2.0,” he said in a speech at the Asia Pacific Economic Cooperation summit in Manila last week. “We should be using WTO to support small guys.” It’s the big buys that currently control the global trading system. They built it, as they alone had the resources to spread out around the globe."

He goes on to say that trade is a freedom, trade is human right and trade should not be used as a tool against other nations.

Mighty powerful words.  Besides Alibaba, who else benefits from small-business commerce?  Are we on the verge of a new trade agenda -- beyond Trans-Pacific Partnership (TPP)?

Read more:  Why the future of global trade deals could be small business

Thank You For Your Readership

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TPP, TPP and More on TPP

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TPP stands for Trans-Pacific Partnership -- a trade agreement with 11 other countries -- and there's plenty out there on the Internet about it.  You can start with my article "Trade Agreements are Not Just about Lower Tariffs" and then move on to C. Fred Bergsten's "Op-ed:  The Trans-Pacific Partnership and Japan" (the Peterson Institute for International Economics) and take a look at a more controversial opinion piece featured recently in The New York Times "Pacific Trade and Worker Rights."

Coming soon:  Watch for an interview with Karen Kerrigan, President and CEO, Small Business & Entrepreneurship Council, on the good, the great and the exceptional about TPP.

Here's How to Make More International Sales

Today in Global Small Business: Ironman Store Readies for Global Online Customers

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

• A forecast on the global outlook for 2016.
• Have a listen and a look at the world's first 24-hour small business channel.
• Individuals and companies worldwide celebrate Global Entrepreneurship Week.
• Going global means translating your small business brand.
• Ironman [the store] opts for Borderfree shipping services to go global.
• How to create deeper, more meaningful experiences for your online customers.

Thank you Good to Great Author Jim Collins

©2015 Laurel J. Delaney.  All rights reserved.

I am honored and humbled that Good to Great author Jim Collins asked for my input about updating his book, Beyond Entrepreneurship:  Turning Your Business Into an Enduring Great Company.  Thank you ever so much and I am sure when you update the book, it will become another best seller!

Related post:  Thank you Best-Selling Author Jim Collins!

Walmart to Source $20 Billion Worth of Products from Women Entrepreneurs Globally

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Small fact:  Walmart has decided to source $20 billion worth of products from women entrepreneurs globally, every year.  That's according to Rajneesh Kumar, Vice President, Walmart India (P) Ltd.

Here's what female entrepreneurs [in Kerala, India] need to do to work with Walmart:

• Make products of good quality that meet global standards.
• Provide a minimum quantity of the products.
• Be able to understand customers (since the rationale is that women make most of the decisions at home and hence women entrepreneurs will be able to understand the customers better).

Wait.  There's more.  Read on:  Walmart is ready to source products from women entrepreneurs in Kerala

Introducing the No. 1 Nonprofit for Women Business Owners Who Want to Export

©2018 Women Entrepreneurs Grow Global.  All rights reserved.

Women Entrepreneurs GROW Global (WEGG), a newly minted 501c(3) organization, has been launched and is committed to helping women-owned and women-led businesses increase their access to knowledge about exporting their products or services, grow their revenue, create jobs, and make an even more impactful contribution to their families and the economy.

Read the news:  New Education-based Nonprofit to Help Women Business Owners Export

Visit WEGG: http://womenentrepreneursgrowglobal.org/2015/11/18/spread-the-good-word-wegg-is-set-to-help-women-business-owners-export/.

Full disclosure:  Laurel Delaney, the creator of the Global Small Business Blog, is President of WEGG.

How Companies Are Demonstrating Real Dynamism in the Global Marketplace

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Being global is for any size company.  All one needs to know is how to ship overseas, use the Internet, collect or make a payment and have a great idea.  In fact, micro-multinationals, have advantages over small-to-medium-sized enterprises (SMEs). Never heard of the term micro-multinational?

Micro-multinationals enjoy advantages unavailable to SMEs operating in a single market. These include the ability to exploit global variations in knowledge, skills and labour costs. They can operate their businesses around the world and around the clock across multiple time-zones. While micro-multinationals have all the traditional benefits of being small and nimble, they have additional benefits of operating and marketing their products and services in multiple global markets.

According to Martin Davidian, Managing Director Sales UK North and Ireland, FedEx Express, micro-multinationals will change the face of global business in the years to come.

Learn more:  The rise of micro-multinationals

Another related article of a similar title:  The rise of the micro-multinational, and why it matters to the U.S. economy

Going Global is Not Just for Large Corporations

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There are infinite number of reasons why you should take your business global.  We talk about many of them at this blog.  In the article below, author Heinz Bulos, highlights two specific reasons why you should look overseas for business growth:

First, the opportunities obviously are much greater.  Second is foreign competition.

According to Bulos, there are different paths to entering an international market.  The article discusses six different business models to take your business global.

Read more:  Entrepreneurs go global