July 29, 2011

Should You Offshore Your Business?

Running a business by its bootstraps or without using outside funding is not a task that young, ambitious entrepreneurs whom I know dream of taking up. However, simply going to the bank and getting that break you know you deserve isn’t the scenario that most of us encounter. Gathering the requirements alone may cause terrible headaches plus the fact that you would wait for the decision of the bank may give you enough ulcers to last for a lifetime.

July 1, 2011

Cyber Crime and its Effects on Globalization

Small businesses have as much chance nowadays to enter the international market. With the use of outsourcing, various marketing strategies and the internet, globalization can be a reality rather than a far-fetched dream for entrepreneurs. But with the prevalence of cyber crimes, it can be a risky move especially for small business owners since they have more to lose compared to their larger counterparts.

May 26, 2011

Global Business Etiquette: What You Shouldn’t Be Without

One of the tricky parts in operating a business in another country is that the culture is different. Your home country may have some standards which are different than in the country you are interested in exporting your business to. If you're not careful in researching about a certain country's customs and traditions, you might be shunning local investors and customers instead of reeling them in. Good form..Proper manners...General decorum, whatever you want to call it isn't as important as actually practicing and taking it to heart.

May 4, 2011

4 Reasons to Buy Firms in Foreign Countries

Thinking of expanding your business to another country? Good idea. For one thing, the cost of labor in developing countries is cheaper. Your export department may have exceeded your expectations but you might find that running your business from your home country can be expensive. Plus the fact that you're living in a different time zone can be a constraint to your competitiveness in a foreign market.

April 27, 2011

Tips on Hiring the Best Local Employees for your Global Business

One of the difficult issues that small businesses face when trying to export their business to another country is getting the best people for the job. Most of the executives you have are based in the home country of your business. They are people you have a level of trust with and you have screened them meticulously. Going global means that you also have to hire local people from the country you will be exporting your business to. The question is, since you will mostly be in your home country, how will you find key personnel who will take care of your business?

April 13, 2011

Exporting in the Year of the Entrepreneur

Rob Moore, Minister of State for Small Business and Tourism in Canada calls 2011 as the "Year of the Entrepreneur". Small businesses nowadays are given the attention it deserves from all over the world. It is no wonder then that this year may indeed be the year which helps jumpstart governments to help out the industry which is responsible for bringing about jobs when nobody else is hiring.