Friday, July 31, 2009

U.S.-China Strategic and Economic Dialogue

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The first strategic U.S.-China Economic Dialogue was hosted by Treasury Secretary Timothy F. Geithner and Secretary of State Hillary Rodham Clinton in Washington, D.C. from July 27-28, 2009.
The Dialogue focused on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interests. This first meeting of the Dialogue also set the stage for intensive, ongoing and future bilateral cooperative mechanisms.
Learn more here.

Even Plants Grow in Sidewalk Cracks

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Here's another American Express OPEN Forum contribution, "11 Tips to Help You Thrive After Losing Your Biggest Client."

And your biggest client can be local or global.

Thursday, July 30, 2009

More From Emailings....8/5

Emailed to me, subject: Congressional Clout


This is an awful lot of reading. Some of us will just go with the flow. But, read some of the provisions and compare them to the language of the actual bill (attached). Or go through and pick the ones that piss you off—and verify them.

Then, write a letter (a real one, not an email, not an on-line petition—they get round-filed) to your congressman (the link will take you to where you find out who yours is.) You can say that you’re mad as hell and that mad is going to stay around through the next election. Cite the provisions that bother you. Get your spouse to sign as well.

Think about this: There hasn’t been a President elected from an independent party in recent history. Too much stacked against them. But, Congress is a different story. And the weight of the independents when the two major parties are deadlocked is significant. More actually than a long-term incumbent.

Maybe we do need to make a change, but I want to know that my representatives are aware of the provisions and can vote intelligently—like we supposedly did when we voted them in. Passing a bill with only the vaguest idea of what it contains is not responsible. Too many people respond to the “this won’t last long in this market” and “if you snooze, you lose.” ***

This is a bill that we have no idea as to what it is going to cost. No one does. Yet. The time to find out the cost is before it passes. This is the time for competitive bids.

Or don’t feel so superior when those people who bought houses for which the payments are more than their total income are paraded on TV. You’ll be one of them.
The included listings of specific hot-button items is in comments. The post would have been far too long. You can download the bill from the previous post's comments.


*** I would include, "And Congress responds to, "We have to pass this NOW!" Less reading."

And, another chipped in:

Yes, healthcare for the elderly will be seriously ... Yes, healthcare for the elderly will be seriously limited. Tests and surgeries deemed too expensive will not be allowed.
Can euthanasia clinics be far behind?
And yes one congressman did state that the healtcare bill was too long to read and he didn't need to read it anyway. Now I ask you, if someone handed you contract filled with fine print and clauses would you just sign it? Or would insist on reading it and having your lawyer read it too before you signed it? Yet that is what Obama is asking congress to do. Sign it into law without knowing what's in it. Obama has even admitted he hasn't read the damn thing. Who's driving the bus??
I urge everyone to email their congressmen and senators while they are on recess. Let them know this healthcare bill is not what you want!!!

I admit, if someone dropped a 1000+ page contract on my desk, I'd want some serious review done. Either by myself, or by someone with my interests at heart. We don't have that here.

An added inclusion, submitted in a comment, but since it doesn't display there, I thought I'd bring it forward.
Frank, check out Pg932-6 and see how this applies:

Purpose-Based Global Marketing

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Jim Stengel, a former global marketing officer for Procter & Gamble who retired from his post last fall,, has started his own firm, The Jim Stengel Company, LLC. The firm focuses on “purpose-based marketing." He plans to consult, author a book and serve an advisory role to MarketShare Partners.

He knows a thing or two about global marketing. Check out his site.

Wednesday, July 29, 2009

Are You a Global Food Marketer?

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In Midwest, U.S.A., we are fortunate to have the Food Export Association which is a non-profit organization that promotes the export of food and agricultural products from the midwestern region of the United States.

The organization has been helping exporters of midwestern food and agricultural products sell their products overseas since 1969, when it was first created as a cooperative effort between 12 midwestern state agricultural promotion agencies and the United States Department of Agriculture’s Foreign Agricultural Service (FAS -- excellent resource).

If you are not familiar with the Food Export Association, you should be. Overlook the notion that you may not be based in Midwest, U.S.A. for you can still learn a lot about producing, selling, buying and marketing food products by visiting the website and downloading a couple of past Global Food Marketing newsletters (PDF files). Here are a few:
I particularly like the Q&A section which offers great insights into how to do things -- from shipping frozen food products to finding the right type of representation overseas -- it's all there.

Tuesday, July 28, 2009

5 Strategies For Managing Demand in India's Emerging Market

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Stephen McNulty, regional vice president, Asia Pacific, with supply chain solutions provider JDA Software, offers five strategies for managing demand in India's emerging market.
1. Ensure a clear understanding of local principles, customs and barriers.

2. Establish constant communication. India's communications infrastructure is still inadequate for global companies doing business there.

3. Develop comprehensive procedures and processes.

4. Ensure the quality of input information.

5. Identify and integrate the right professionals and insist on teamwork.
As the article states, India presents many opportunities to U.S. manufacturers, but just as many operational challenges.

Read more here.

Monday, July 27, 2009

Which Countries Will Lead World Growth?

The U.S. will fuel some growth in the coming years through exports to China and emerging markets but what other part of the world will lead the global recovery?

Find out here.

Saturday, July 25, 2009

A Beautiful Day in Chicago

Photo source: Laurel Delaney, Navy Pier
I hope everyone is enjoying their Saturday. It's a beautiful day here in Chicago.

Thursday, July 23, 2009

80% Believe....7/31

The latest figures indicate that Congress should come under whatever health care program that the citizens are being forced into. Is 'forced' the correct term? Possibly not, but there are reservations--from physicians, from health care workers, and from citizens, as well as Congress itself.





What are those reservations?



  • Cost

  • Ability to keep what some already have.

  • Congress being lax in reading the 1000+ pages of the House bill.

  • Congress's adamant refusal to come under the provisions of the bill.

  • Taxing employer provided health care (didn't they criticize McCain for that proposal?)

  • Forcing out the commercial policies.

  • Possible federal mandated restricted care (MRIs, CTs, and C-sections are what were touched on. Probably more to come.)

  • Exaggeration of the numbers of the uninsured.

  • Who is going to pay for it?

  • If you are going to limit costs, are you going to enact tort reform (litigation is a major source of medical costs?)

  • Limiting treatment to those with terminal diseases...like YOUR parents, or you.

Fewer applications to medical schools might be fortelling the future. One reason is the overwelming amount of paperwork mandated by the federal government. And you think it'll be less???? We've been depending on FMGs (Foreign Medical Graduates) covering the rural and inter-city areas. What happens to their incentive to stay if the Fed gets involved to this extent?

Let's Not Distort International Trade and Investment

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The global recession has taken a harsh toll on international trade, particularly for many members of the Asia Pacific Economic Cooperation (APEC) forum. World trade in goods and services will fall sharply in 2009 and is unlikely to rebound much in 2010, so APEC members must ensure that they do not make this bad situation worse by implementing protectionist policies (yes, the second of two posts in two days on this topic) that restrict opportunities for trade and investment.

To this end, APEC members should follow three guidelines for trade policy:
Do no more harm to the global trading system through damaging tariffs or subsidies; help world trade recover by accelerating and broadening the Doha Round trade negotiations; and complement Doha with APEC initiatives on trade, the environment, and regional economic integration.
Read more here.

Wednesday, July 22, 2009

Is Globalization The Most Secure?

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The most secure as compared to what?
Of all the trends we followed before the crisis, globalization seemed the most secure. Today, however, big and important question marks hang over some aspects of global economic integration.
See what the verdict is here.

Tuesday, July 21, 2009

Winning at Business, Local or Global

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I recently interviewed Alan M. Webber, author of "Rules of Thumb," over at the new American Express OPEN Forum.

Alan's an amazing guy. He called on Friday to thank me for saying such nice things about him and "Rules of Thumb." I'm not sure why he did that other than being super-generous. On my part, it's easy to speak the truth.

I wonder: If every Global Small Business Blog reader bought this book, would we be able to move it on to the best-seller list where it belongs?

Go buy it now.

Monday, July 20, 2009

The Global Small Business Blog Turns 5

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Five years ago today (7/20/04) we launched The Global Small Business Blog (http://borderbuster.blogspot.com/) which is now, according to Technorati, ranked in the top one percent of all blogs worldwide.

We thank you for your readership. It means the world to us! And we will continue to provide you with practical and relevant information to help you take your business global. Comment whenever you like. We love hearing from you. It keeps us on our toes.

Our first blog post: July 20, 2004

Celebrate with us ... Happy 5th Birthday to The Global Small Business Blog!

Saturday, July 18, 2009

Change, But Can We Live With It?....7/26

Change...an interesting word. We've definitely had change in Paris.

But, we're talking about the Federal Government--managing 1/6 of our Gross National Product. This is the same government that has yet to come in under budget on almost anything?

This is the same administration that said they didn't understand the severity of the recession?

The same administration that let Billions in pork get attached to the stimulus package.

This is the same administration that wants to include 10+ MILLION illegals in the care process....because if they're citing the justification for 50 Million uninsured, they're part of that number.

Of course, that also includes those young adults that are not covered--by choice: those healthy enough to roll the dice, and mostly win. That's an extra latte a day.

That also includes those that are counting on the guaranteed access to emergency treatment, reguardless of ability to pay, that already exists. They are estimated at 18 Million, with many over the $50k income level.

So, what happens when the government runs hospitals? Take the VA...look at Walter Reed. One of the formost military hospitals...and what was it that they were having problems with? Oh yeah, patients falling through the cracks. Almost literally, since there were holes in the floors and walls.

So, if these patients are heroes, what's in store for the rest of us????

I'll consider making that change...when Congress makes the same one....

Friday, July 17, 2009

Ideas Wanted....7/26

From the comments:

OK,OK,OK, I get it........you have a situation with medical care in Paris,Texas.
I have been reading this blog for 2 years and HAVE NOT ONCE heard of a solution. This country is full of whiners and finger pointers. Come on people, step up and put some backbone in it and solve the problem. I am a physician and have watched things fall apart. I cannot agree more that the Big Boys snookered the "ownership" of the not-for-profits and sold you down the river.


OK, now for the solution....take back control of your destiny. It is too expensive to "buy back" the facilities that exist with dwindling profits and ownership is now private (not subject to oversight). You need a new facility with options for inpatient care and cooperation with a larger facility for transfers. You need a robust outpatient facility for the majority of ambulatory care. Allow the hospitals to carry on with their "for profit" management and they will soon learn that Paris no longer "needs them". Once this occurs, the doors to the meeting room will fly open.

10:03AM
Anonymous said...
"OK, now for the solution....take back control of your destiny. It is too expensive to "buy back" the facilities that exist with dwindling profits and ownership is now private (not subject to oversight). You need a new facility with options for inpatient care and cooperation with a larger facility for transfers. You need a robust outpatient facility for the majority of ambulatory care. Allow the hospitals to carry on with their "for profit" management and they will soon learn that Paris no longer "needs them". Once this occurs, the doors to the meeting room will fly open."


best idea i've heard yet, doc. how do we make this happen?

I'd like to say the county could come up with something at this point, but truth is, some of those physicians that have been "reading this blog for 2 years and HAVE NOT ONCE heard of a solution" need to step up and become players again. (The blog has been here for three, and there have been suggestions of that nature....)


Yes, I know your retirement investments have been sorely depleted. Yes, I know that Obama-care gives you chills. And, finally, I know that a struggle over the healthcare industry in this town is going to have some unpopular side-effects, but you know, sometimes the medicine just can't be sugarcoated.

Startup Entrepreneurs Take On The World

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Are you a relatively new entrepreneur (newpreneur)? Do you have a start-up story to tell that will blow people's mind because it's that amazing and important?

Then you should take a look at Alibaba's (microsite here) Newpreneur of the Year program which affords you a chance to take home a share of $100,000 in business grants.
It's simple: share your story in a short essay on why you should be the Newpreneur of the Year; join Alibaba for an inspiring discussion and dialogue among experts (e.g, Tom Peters) and peers and celebrate the excitement around entrepreneurship. Top Grant=$50,000, Second Grant=$25,000. Third Grant=$15,000 and two Fourth Grants=$5,000.
Alibaba (China-based) claims it is the world's largest online B2B marketplace.

Deadline for the contest: August 14, 2009.

Apply here.

Bemoaning The ER....7/20


Don't know if you caught the Snooze article on ERs.
Emergency room challenges

By Sally Boswell

Published July 12, 2009

We’ve all heard the horror stories.

A friend, a loved one, is injured or falls ill. They go to the emergency room at the local hospital and once there, are forced to wait — and suffer — an interminable length of time until they are seen and treated by a physician. In the most extreme versions of the story, the patient dies of neglect, sitting unattended in a chair in the emergency department waiting room, hours later.

Sadly, the story — at its base — is rooted in an undeniable truth: Emergency room wait times have gone up.

According to a report issued earlier this year from information gathered at more than 7,000 hospitals across the nation, the average wait time in emergency departments across the country went up to 4 hours and 3 minutes, an increase of 27 minutes since 2002. In Texas, wait times in 2008 averaged 4 hours and 8 minutes, putting Texas 31st in the nation in that ranking.

In August 2008, the U.S. Department of Health and Human Services, the Centers for Disease Control and Prevention and the National Center for Health Statistics, issued a report on the state of emergency departments nationally. The report linked patients’ inability to access a primary care provider in a timely fashion with the increasing frequency of ED visits. This was compounded by a decreasing number of EDs across the country as well as decreasing numbers of inpatient beds.

“EDs nationwide are under increasing pressure to provide care for more patients,” the report reads, “resulting in crowding and increased waiting times for minor illnesses.”

“What most people don’t realize is that the term ‘wait time’ is considered the total time spent in the ER,” said Chris Dux, CEO of Paris Regional Medical Center. “At this hospital, the total wait time is 3 hours and 10 minutes. The time from when a patient comes in the door until they are seen — not by a triage nurse, but by the nurse that is going to care for them — averages 42 minutes.”

“These numbers are just averages,” Dux continued. “Some waits will be much shorter, some longer.”

“The ER is not a primary care provider,” Dux said. “An ER is designed to treat medical emergencies. Patients with a true emergency will be seen right away. Non-emergencies, where there is no danger of loss of life or limb, no danger of bodily system failure, will wait while more critical patients are seen.”

“The reality is that the sicker a patient is, the faster they will get seen,” Dux said.

Many who complain about long wait times at the ER cite a lack of staff as part of the problem. Dux and other hospital officials dispute that claim.

“Our numbers show that our busiest days are Sundays and Mondays,” said Connie Murchison, CNO at PRMC. “and afternoon hours are the busiest. We try to anticipate the need and have appropriate staffing for known peak times, but there are never less than five nurses on duty at any time in the ER. And the nurses work overlapping shifts so there is no lack of coverage.”

“There are patients who get it into their minds that if they come by ambulance they automatically go to a room,” added Phyllis McDaniel, nurse manager of the ER. “That is not the case. Someone who comes in an ambulance goes through triage just like anyone else. They are assessed and if it is determined they do not have a true emergency, they get triaged back out to the waiting room just like everyone else.”

So what is the solution to increased wait times in hospital emergency rooms?

“To start off, every person, if they don’t already have one, needs to establish a relationship with a primary care physician,” Dux said. “If they have a chronic condition such as diabetes or a pulmonary or coronary condition, the physician will be familiar with their case. If problems arise, the patient should call their PCP first. The PCP can advise them if they need to go to the ER or if they can wait and come to the office the next day.”

“A physician’s office visit is also going to be infinitely less expensive than a visit to the ER,” Dux added. “It’s not cheap to staff an ER with physicians and nurses and therapists and lab techs 24 hours a day, seven days a week. People think, well, it’s the ER, it’s free.’ It’s not free. We’re going to bill you for it and we’re going to expect to get paid. Our doctors and nurses have to put food on their table as well.”

Calling a PCP first also has other benefits, according the Dux.

“The doctor may advise the patient to go to the ER,” Dux said. “He can call the ER and give them a heads up and instruction for the patients care when he arrives.”

“The PCP can also call the hospital and order the patient to be admitted directly into the hospital,” added McDaniel. “The patient can bypass the ER and all that expense.

Patients should bring an updated list of all medications when they come to the ER, Dux added, as well as a list of all allergies the patient may suffer. The patient should, if at all possible, never come to the ER alone.

“Bring someone with you who can see that you get home safely when you are released,” Dux said. “Someone who is in a position to act as your surrogate and can help the staff understand your condition and communicate for you. However, the patient should not be accompanied by a large group of people. There is a limited amount of space in the ER. There can be problems with issues of contagion and privacy if there are a lot of unnecessary people in the ER.”

PRMC is also implementing ways to help make wait times at the ER more bearable.

“We encourage people to make use of the hospital’s Wet Paris Clinic at 2224 Bonham St.,” Dux said. “We would like them to call for an appointment but if the show they will be seen. It’s also cheaper than a visit to the ER.”

“We are also making sure that our patients and their families are informed about the process,” he said. “If you know why you are waiting, it’s easier to wait, than if you are sitting there with no information.”

Dux noted that PRMC has formed an Emergency Department task force, consisting of Murchison, McDaniel and several staff physicians to examine process issues in the ED and look for ways to streamline the way patients are cared for. Hospital officials are also studying the use of rapid testing modalities, which can be done in the ER itself and make lab work faster.

“We want the people of this area to know that, according to the numbers, we are 20 percent better than most of the people out there,” Dux siad. “And we are working to get even better than that.”
I don't know, maybe their average is better than most...when you factor in the patients that arrive at 5AM....and in some hospitals, even 5AM is busy. Staffing needs to meet the needs of the customers, the patients...and when ER rooms are closed to patients because of staffing shortfalls, then one has to worry about management. And the West Paris Clinic isn't open on a lot of the peak times.

So pull up the intake statistics (that's what Meditech and computers are for, after all) and do some flexing. We'll get happier patients, and a happier staff, that's for sure.

Thursday, July 16, 2009

And Who Was Spotted In Nashville?....7/28



He's bigger than a breadbox....


Ego especially....


................................................


Awwww, you guessed it. Yep, Huddy was back in his town.



Job-shopping, perhaps? Hey, Hud, hope you got some good leads.... (Probably even updated his Linked In profile.... I could have said, 'Monster.com', but that would have been typecasting.)


Bet he just tapped one of his buddies...you know, one of the ones he fired....and they got him right in. Networking at the highest level. Nothing personal, you understand.

Speak Up on Global Trade

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Good commentary by Scott Davis, Chairman and CEO of United Parcel Service.


Business Needs to Speak Up on Trade

Wednesday, July 15, 2009

Global Entrepreneurial Lessons From Charles Dickens

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My latest contribution for OPEN Forum by American Express OPEN highlights how Charles Dickens' "A Christmas Carol" parallels much of what we do every day within our businesses.

I also bring to the fore two other perspectives on the situation, my own with "A Business Carol," and that of Dr. Vijay Govindarajan, a professor of international business at the Tuck School of Business at Dartmouth College, with his view on business strategy.

A very different twist on things. See what you think. If you "get it," click on the Found It Useful button.

And by the way, I notice the OPEN Forum by American Express OPEN is officially launching to the world in 2 days. Be sure to pay a visit. Lots of good information for global entrepreneurs and business owners.

Tuesday, July 14, 2009

Information and Communication Technology Are Vital For The Global Economic Recovery

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The World Economic Forum has released a new report ICT for Economic Growth which highlights how information and communications technologies (ICT) are critical for a transformational and inclusive global economic recovery.

The report details the economic impact of ICT as well as key factors for maintaining its equilibrium, resilience and innovation.

Download the report

Press release

Also, you might check out the World Economic Forum's Global Enabling Trade Report too.

Monday, July 13, 2009

Signs of Life in Global Trade

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Two of the world's most important economies -- China and the United States -- are showing signs of growth.
U.S. exports grew in May, while imports fell, helping to narrow the trade deficit to its lowest level in nearly nine years. The report prompted economists to revise up their estimates of second-quarter gross domestic product. Some even suggested the economy might have grown slightly in the second quarter.
Read all about it here.

Friday, July 10, 2009

Hit the Global Reset Button

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Maria Bartiromo, anchor of CNBC's Closing Bell and author of "Face Time" column in BusinessWeek, talks with Alexander Cutler, CEO of Eaton, a $15.4 billion diversified corporation with businesses extending deeply into the global economy. She asks eight questions:

1. Do you think the economy is resetting?

2. So how important is it for companies at this point in the economic cycle to be preparing for recovery?

3. With things so volatile, how can anyone presume to know what's around the corner?

4. When do you think we'll see job creation again?

5. What are you doing at Eaton to reset your game plan?

6. Which of your businesses have fared best and which have fared worst in the recession?

7. I'm hearing a lot of multinational CEOs complain about President Obama's proposed tax on foreign profits. What are your thoughts?

8. Are there any positives that have come out of this reset?

Worth a read to find out what's on Alexander's mind.

Inside a Company Resetting for Recovery

Thursday, July 9, 2009

Thrive Baby, Thrive

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Tough times call for smart solutions and Intuit is offering a boatload of them over at its new Small Business United Blog. We reported about this in our Borderbuster e-newsletter on July 6th but just in case you are not a subscriber and missed it, we decided to re-feature the information here -- it's that important.

What's in it for you? Plenty. How will you find out? By a visit. Pull up a chair here.

Wednesday, July 8, 2009

Are You the Best Young Entrepreneur in America?

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Calling all young, hip, fast-growth, BEST entrepreneurs in America! We want to hear from you. BusinessWeek is taking nominations for their annual America’s Best Young Entrepreneurs roundup through Aug. 16.

If you know of companies run by entrepreneurs age 25 or younger, nominate them here.

They’re looking for ventures that are fully operational – not just idea stage – and all of the founders must be 25 or under at the time of nomination. Goal: To identify companies that both demonstrate a clear potential for growth and establish the talent of the young folks behind them.

Feel free to nominate more than one company, and there’s no need to submit the same firm more than once.

Go for it!

How Important Are Export Programs for Small Businesses?

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Very important. The U.S. Senate Committee on Small Business and Entrepreneurship held a hearing at the Port of New Orleans on Keeping America Competitive: Federal Programs that Promote Small Business Exporting. The event included testimony from a number of witnesses. Read more here but let me leave you with an inspiring (yet maddening!) quote:
In her opening statement (PDF), Committee Chair Senator May Landrieu (D.-La.) noted that in 2008, $70 billion in exports maintained or created 600,000 high-paying jobs, and that small businesses make up nearly 97% of exporters nationwide. However, she went on to say, “while most of our exporters are small businesses, most of our small businesses are not exporting. In fact, small businesses make up just more than a quarter of the country’s export volume; trade remains dominated by larger businesses. What’s holding our entrepreneurs back?”
You tell me.

Tuesday, July 7, 2009

Are You A Genius Website Designer?


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If you have one of the coolest designs for a small business site, then apply for the first in a series of awards for website design at Websites.com (sponsored by Verio).

Be brilliant. Apply for the award.

(Full disclosure: Verio is a Global TradeSource, Ltd. client.)

Monday, July 6, 2009

Don't Get Bogged Down By the Recession; Instead, Export

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Small businesses make up 97 percent of the country's exporters yet only 1 percent of the nation's small businesses export. This stat was cited by U.S. Sen. Mary Landrieu (D-La.,) last week to demonstrate that exporting offers an opportunity for small businesses to grow even as they are bogged down by the recession.
Landrieu also said, "exporting has become a practical solution for small businesses looking to survive and grow."
Read more about how the Small Business Administration has two key programs designed to help small businesses that export. Go here.

Friday, July 3, 2009

Eco-Friendly Global Luxury

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The tough global economic climate is forcing Mother Nature to come out full force in unexpected positive ways.
Over the past year, many of the world's best-known luxury labels have started to introduce eco-friendly products, snap up brands that tout their social responsibility and weave environmental themes into their advertising and marketing.
Are you looking into the validity of global small business environmental and social responsibility efforts?

Maybe you should. Read more here.

Thursday, July 2, 2009

Get a Feel For the Overseas Market

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If you have the time and the funds, nothing beats a visit to a country you are about to do business in to fully understand and appreciate how the people live day-to-day. Even Pepsi CEO, Indra Nooyi, realizes this:
The visit, one sweltering morning last week, was part of a 10-day "immersion" tour of China for Ms. Nooyi, who is seeking to strengthen the Purchase, N.Y., company's business in emerging markets. "I wanted to look at how people live, how they eat, what the growth possibilities are," she said in an interview Tuesday in Beijing. What she has seen has persuaded her that PepsiCo's approach to the Chinese market "is good, but not good enough. The opportunities are so much bigger." The company's "model for China has to be vastly different."
Read the entire article: "Pepsi CEO Tours China To Get a Feel for Market."
And one of the final points made in the article by Ms. Nooyi is right in line with our Top 10 Global Trends For Small Businesses For 2009 report published January 21st (refer to No. 1: "Disruptive innovation will be both the coolest and hottest new growth strategy in 2009 because it will transcend all boundaries and transform businesses" -- quote by Laurel Delaney) is this:

Ms. Nooyi challenged her China team to come up with ideas for products that cater to China's large older population. She also called for more in-depth research into women who, in China, are likely juggling work and motherhood and making the key day-to-day consumption decisions for households. She says she's calling on her executives to think "differently and disruptively," encouraging them to look beyond the company's traditional businesses in China.
Are you thinking differently and causing a little innovative disruption at your company?

Wednesday, July 1, 2009

Changing The Way The World Learns Languages

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What was he thinking when Tom Adams, CEO (37), chose to take Rosetta Stone public in April during the worst downturn in recent memory?
Since 2003, the company has grown from a small, family-owned business with $10 million in annual revenue and 90 full-time employees into a 1,200-employee operation with first-quarter revenue this year of $50.3 million.
Rosetta Stone’s shares have recently traded above $27 (shares went out initially above the estimated range of $15 to $17 and raising $112.5 million). The wildly successful offering sent a message of good news worldwide for privately owned companies.

Did Tom Adams take a calculated risk? Find out here where Lora Kolodny with The New York Times recently spoke with Mr. Adams about his decision.

Original entry about about Rosetta Stone and its interest to grow global can be found here (4/23/09).