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American Express is in ongoing discussions with regard to a proposed joint venture in which it would share the ownership of the joint venture with an investor group led by Certares, a firm headed by senior management with significant experience in the travel industry. The joint venture transaction is expected to create greater investment capacity for GBT to further enhance its suite of products and services, attract new customers and grow internationally to deliver additional value to customers.I write about joint-ventures in my new exporting book (Chapter 17) in how they can prove to be a most viable way to enter a foreign market or expand within it. Each party usually takes an equal equity stake and this case is no different (50 percent equity stake).
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| Book cover courtesy Apress |
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Challenges involved in exporting also will be covered, such as the need to understand the market, culture and regulatory climate while establishing personal relationships abroad ...
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Exporting raised the profile of tiny Quebec company Toon Boom Animation Inc. enough that in 2011, HSBC awarded it an International Business of the Year for Small Enterprise prize. In 2012, the exporter of software for creating animation caught the attention of Corus Entertainment Inc., and it was acquired.Learn more here, including three tips from entrepreneurs who have succeeded in exporting.
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Description: An essential part of exporting is determining which U.S. export regulation applies to you. While a freight forwarder or delivery service can point you in the right direction, you are ultimately responsible. This is your opportunity to learn directly from the experts.Note: All webinars start at 1:00 p.m. Eastern Standard time and last an hour.
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( Transcript ) |
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Even before last fall’s crash, sales at Lexington International, a 12-employee maker of a laser device for treating hair loss, started heading south. “People cut down on nonessential health care items, and we really felt it,” said David Michaels, managing director of the company, which is based in Boca Raton, Fla., and was founded nine years ago. When he analyzed his company’s performance, Mr. Michaels concluded that the possibilities for domestic sales growth were slim. But he had started exporting his product, called HairMax, to Canada and Australia in 2001. Perhaps expanding to other countries was the answer.Read the entire article here.
Mr. Michaels turned to the Gold Key Service of the Commerce Department, hiring consultants who spent several months conducting industry research and visiting a handful of countries, the better to pinpoint potential distribution partners. Then, Mr. Michaels traveled to those places to meet his partners in person. At the same time, the consultants helped him understand the regulatory issues he would have to tackle in each country. Ultimately, the licensing process took three to nine months, depending on the region. The most difficult country was South Korea, which, Mr. Michaels said, has a particularly rigorous licensing procedure for medical devices.
Now, he is also selling to Russia, Brazil and Saudi Arabia, in addition to South Korea, where, Mr. Michaels said, “There are significant social advantages to having a great head of hair.” He figures that international sales have more than compensated for the decline in the United States.
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"As far as ExIm Bank, you'll have to talk with them.Note from LD: Interesting "definition" of Export-Import (Exim) Bank at Answers.com.
As far as recession, the US is not in a recession, which is commonly defined as two quarters, that is a period of six months, over which the size of the US economy actually shrinks. For the third quarter of 2007, that is through Sept. 30, the economy actually grew almost 5%, far above the long-term average growth rate of the economy. Although growth will almost certainly be slower in the fourth quarter of 2007 than it was for the earlier part of the year, one quarter of slow growth does not equal "recession."
Concerning job creation, small businesses often create well over one-half of all net new jobs in the economy. Please refer to the link below on our website:
6. How many new jobs do small firms create?
Over the past decade, small businesses created 60 to 80 percent of the net new jobs. In the most recent year with data (2004), small firms accounted for all of the net new jobs. Firms with fewer than 500 employees had a net gain of 1.86 million new jobs. Large firms with 500 or more employees lost more jobs than they created, for a net loss of 181,122 jobs. For information on employment dynamics by firm size from 1989 to 2004, see www.sba.gov/advo/research/data.html#us.
On small business and exporting, 2007 will be a record year with small businesses racking up over $400 billion in exports. While in the third quarter of 2007 the economy grew 5%, exports grew by 19%. So long as the dollar remains weak and other countries' economies strong, the outlook for exports is bright."
Thinking of exporting or expanding into new markets? It's a great time to get started! Ninety-six percent of the world's consumers live outside of the United States and free trade agreements are opening new markets for U.S. businesses everyday. 
