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Preview: The Global Small Business Blog

The Global Small Business Blog



The Definitive Blog for Entrepreneurs and Small Businesses Interested in Going Global



Updated: 2018-02-17T20:18:41.819-06:00

 



There Are Only Side Mirrors

2018-02-17T12:22:14.386-06:00

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©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



Olympic American Gold Medalist Mikaela Shiffrin

2018-02-16T07:27:08.272-06:00

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©iStock/Greens87
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.



Top 30 Richest Countries (2018)

2018-02-15T07:30:02.622-06:00

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Lack of Global Rules

2018-02-14T08:20:09.098-06:00

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©iStock/ipopba
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.



Visiting Another Country? Know Your Hellos

2018-02-13T06:13:25.325-06:00

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©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.



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

2018-02-12T08:41:07.147-06:00

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



Chicago: Mantled With Snow

2018-02-10T08:03:22.389-06:00

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©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



Aspiring Social Entrepreneurs Find a Niche

2018-02-09T07:38:08.072-06:00

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©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.



Are Google and Facebook Finished? George Soros Thinks So

2018-02-08T07:24:03.019-06:00

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Help for Indian Firms Going Global

2018-02-07T06:39:11.391-06:00

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©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.



How to Build Your Online Presence: Be Bold

2018-02-06T07:59:05.739-06:00

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©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.



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

2018-02-05T08:29:05.387-06:00

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



There Is Nothing to Writing

2018-02-03T07:20:44.426-06:00

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©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



Teaching Entrepreneurship Worldwide

2018-02-02T08:09:03.488-06:00

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©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.



Learn the Ropes Before You Travel Internationally

2018-02-01T07:10:21.879-06:00

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©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.



Female High Achievers at the ROSE Conference in Kuala Lumpur

2018-01-31T08:17:11.992-06:00

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©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.



SBA Resources for Business Owners

2018-01-30T07:49:11.132-06:00

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For a complete listing of SBA videos, visit here.



Today in Global Small Business: Why America's Economy is So Healthy

2018-01-29T07:42:06.837-06:00

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©iStock/Kagenmi
What's affecting me, my clients, my colleagues and other global small business owners:
  • Why America's economy is so healthy (a lot has to do with the global economy's own resurgence).
  • Learn the secrets to acquiring a million (1 million) followers on Twitter and more than six-five thousand (65,000) Instagram followers.  Yes, it takes perseverance but we all know persistence pays off.  Presenter CamMI Pham will educate us on how to be bold in 2018 and get the world to notice you in the next WEGGinar™ held on Wednesday, February 7 at 11:00 a.m. Central time. The WEGGinar™ is no charge but you must sign up to attend: https://register.gotowebinar.com/register/2297562974983287811.
  • Global leaders need to listen more and talk less.
  • Small and medium-size businesses – those with fewer than 250 employees – are going to be the biggest beneficiaries of emerging markets growth, industry executives believe.  Find out why.
  • Few SMEs export in Japan, having found it much more difficult to make global connections: In manufacturing, only 25 percent of SMEs are exporters, in comparison to 60 percent of larger firms. This means that a great potential source of profitable trade goes untapped.  Find out what Japan is going to do about it.
  • Small business has long been held as a key driver of the global economy, but these businesses often don’t have access to large multinational companies who could use their services.  Find out who plans to change that paradigm.



The Train of the Future

2018-01-27T08:33:00.217-06:00

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©2018 Laurel Delaney.  All rights reserved.
"Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him." -- Dwight D. Eisenhower



Success Story: Women Entrepreneurs Grow Global (WEGG)

2018-01-26T07:24:00.337-06:00

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©iStock/Jacob Ammentorp Lund
Woman Entrepreneurs GROW Global organization (WEGG) presented an export-training workshop in Chicago with EXIM Bank as a participant, to equip women-owned businesses with the tools needed to expand their global opportunities.

One of WEGG’s members, Sonat Birnecker Hart, president and co-owner of KOVAL Distillery, hosted the workshop and also presented at the event. KOVAL Distillery produces organic whiskey, liqueurs and specialty spirits that are sold throughout the US, Europe, Canada, Australia and Asia.
Through collaboration and a passion to help small businesses succeed, EXIM Bank and WEGG were able to arm KOVAL with the resources and support needed to exceed its global business growth goals. The two organizations will continue to work together and cultivate these opportunities for women entrepreneurs throughout the US. 
Learn more about WEGG, EXIM Bank and KOVAL Distillery.



Routes to Inclusive and Sustainable Trade

2018-01-25T08:26:23.161-06:00

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©iStock/thitivong
Never before in history have so many people worldwide been able to reap the benefits of global trade.
But there are huge socio-economic gaps remaining between countries and within societies.  Technological progress is uneven between countries, some regions continue to face geopolitical instability and climate change threatens to already vulnerable communities.
Despite that, strengthening the competitiveness of global small businesses enables them to participate faster, take better advantage of the new trade routes that are opening up and prosper in the new economy.

Read more about routes to inclusive and sustainable trade.



Davos 2018: Put Women First

2018-01-24T08:22:16.004-06:00

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Women are a driving force in our global economy.  Learn more about what's happening at the World Economic Forum Annual Meeting 2018.  For example, here are 7 things that happened on the first day at Davos (Switzerland) 2018.



Next Great Global Resource: Human Capital

2018-01-23T08:23:10.457-06:00

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©iStock/fizkes
Gallup's new State of the Global Workplace report takes a big-picture approach to why some organizations and economies thrive and grow while others struggle and often fail.  In the report, they examine the effectiveness with which governments and employers worldwide develop and deploy the most vital and sustainable resources available to them: the skills, talents and creativity of their people.

Read more about the next great global resource:  the use of human capital -- whether it be from small businesses to entire societies.



Today in Global Small Business: The IMF Reels in Bitcoin

2018-01-22T04:51:09.755-06:00

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©iStock/monsitj
What's affecting me, my clients, my colleagues and other global small business owners:
  • In today's globalized world, becoming part of an international supply chain is key to the prospering of small businesses and their ability to create jobs.
  • How do you acquire nearly a million (1 million) followers on Twitter or more than six-five thousand (65,000) on Instagram?  It takes perseverance.  Presenter CamMI Pham will educate us on how to be bold in 2018 and get the world to notice you in the next WEGGinar™ held on Wednesday, February 7 at 11:00 a.m. Central time. The WEGGinar™ is no charge but you must sign up to attend: https://register.gotowebinar.com/register/2297562974983287811.
  • Small business owners need to think about stretching their territory beyond traditional borders and bringing the entire world into play as their customer base.
  • President and CEO of eBay Devin Wenig, says "One of the most meaningful ways technology companies can make an equitable impact is by bringing back to life the real engine of the U.S. economy — [global] small businesses."
  • The tech industry has sparked rapid growth, provided access to global markets and created entirely new, massive industries — generating an estimated $1.3 trillion and accounting for about 8% of U.S. GDP.  Small businesses can continue to drive the growth.
  • The IMF calls for global coordination on potential Bitcoin regulation.



Best Beef Noodle and New England Clam Chowder in Michigan

2018-01-20T08:31:00.322-06:00

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©2018 Laurel Delaney.  All rights reserved. 
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©2018 Laurel Delaney.  All rights reserved.
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©2018 Laurel Delaney.  All rights reserved.
The Prime Time Restaurant in Niles, Michigan brings back a bit of nostalgia.  Good food, good service, good conversation and good people.  And one, only one review, on their site:  "I've been eating at Prime Table for many years. The food is great and service can not be better," says Tammy, a frequent customer.

Learn more about Prime Time Restaurant.