SmallBusinessExecutiveInforming, Inspiring and Connecting Businesses
How small businesses can win globally
By Mona Pearl Guest columnist Business leaders today have the skills and finesse to identify and execute great deals globally. It’s the soft issues that surface on the international stage that cause unanticipated and disastrous problems. Most of the challenges occur when executives don’t understand the business culture and customs of the target market and don’t do sufficient [...]
Entrepreneurs’ motivation may determine job creation prospects
It pays to know the difference between “necessity” entrepreneurs and “opportunity” entrepreneurs, Eva Pereira suggests in a Forbes blog that explores entrepreneur-led economic development in Haiti, where the unemployment rate has been 75 percent. Pereira cites data from the Global Entrepreneurship Monitor, a nonprofit research organization, suggesting entrepreneurs who sell their wares on the streets [...]
Entrepreneurs build wealth in China
First-generation entrepreneurs lead the pack of those creating wealth in China, a New York Times blog reported. A study by Bain & Co. suggests the number of Chinese individuals with 10 million renminbi, or about $1.5 million, in assets will hit 585,000 this year, twice as many as in 2008. And many have made their [...]
Growing European e-commerce market presents opportunity
Europe’s e-commerce market surpassed the U.S. market last year by generating $182 billion in sales, up 12.5 percent from the prior year, Chicago-based Internet Retailer reports. American-owned businesses generated about 12 percent of Europe’s e-retailing sales. The U.K. market, which is the largest in Europe, saw e-commerce sales climb 23 percent last year from 2009, [...]
McKinsey: India’s mobile use to take off
New research by McKinsey & Co. suggests India’s digital content consumption could double to $9.5 billion by 2015 as the number of Internet users climbs fivefold to 450 million. Growing usage of mobile devices is fueling the trend, as many Indian consumers forgo computers for less-expensive smart phones, the study indicated. The growing market should [...]
Foreign activity expected to boost IPOs in 2011
By Hallie Busta – More foreign companies plan to issue initial public offerings on U.S. exchanges in 2011, while many small domestic businesses are steering clear due to the cost and regulation of going public in the United States. The push into U.S. markets will come primarily from Asian firms, with China’s economy a major [...]
Chinese delegates focus on small business
By Hallie Busta Chinese business executives and government officials are looking to set up shop in the Midwest, China’s Commerce Minister Chen Deming said in a speech Friday in Chicago. Calling the region a window of opportunity for Chinese investment, Chen announced a new focus on partnerships with U.S. small and medium enterprises at the U.S.-China [...]
China’s growth brings opportunities, concerns
By Hallie Busta – Chinese and American business executives will do more than shake hands when the visiting state’s delegation wraps up this week’s official visit with a stop in Chicago. A number will be signing off on business deals intended to nurture an economic partnership between the two global powers, observers said. Earlier this [...]
“Buy American” provision aims to level the playing field
A military authorization law that President Obama signed on Friday included a “Buy American” provision aimed at boosting manufacturing in the United States instead of sending orders to China. The provision, which bars the Defense Department from buying solar panels made in China, could help the United States gain market share from the Chinese, which [...]
GlobalBiz: How to avoid legal hurdles when expanding overseas
By Michael Muth, GlobalBiz columnist In this interview with attorney David Laverty, a principal of International Counsel, GlobalBiz explores the legal options and challenges associated with moving a small business into the international marketplace. Laverty has more than 20 years of experience with contracts, investment and market-entry matters. In his work in the United States as [...]
