The World Is Yours™

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Eight (8) successful business owners talk about how they went global in 2017.  Here's one:

3. Know what you want, be flexible, and accept change

Robert Anderson, founder, Expert Remedies:

“When I first heard the axiom ‘success consists of a series of small daily victories,’ I wasn’t sure what it meant. Now I know. It’s an essential principle of global expansion. Small daily victories mean getting essential operational details done correctly — step by step. Success happens when you have a viable idea — to be verified by the market — coupled by logical, intelligent execution.

Also key: the business you envision will rarely be the same as how it turns out.

Be flexible and accept change. Use it to your advantage. The market is ruthless, and it may be at odds with what you first think — so be careful. The TV show Secret Lives of the Super Rich might make it all seem so easy, achievable within a month. Don’t fall for it.

You can make it, it just takes unending persistence and a clear vision knowing what you want — and being flexible enough on how you get it. Who knows, maybe I’ll see you on TV one day.”

Read more about global expansion: 8 tips from successful business owners on how they went global in 2017.

(The World Is Yours™, GSBB Media LLC)

Global Expansion is Gathering Speed

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Some of the world’s best known companies from Amazon.com Inc. to Volkswagen AG are ramping up spending on new plants and equipment after years of caution. For an international economic expansion already gathering speed, that could prove a boon.

Amazon is spreading its international reach with operations in India, Australia and Latin America. It also has invited U.S. states and local governments to submit proposals for a new headquarters that will cost $5 billion and create 50,000 jobs over the next 15 to 17 years.

According to Mark Vitner, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, “Small business owners are definitely spending more on equipment."  He goes on to say, “This marks a real change and partly reflects the improved regulatory environment, which is seeing less new regulation coming on line.”

Read more about how the missing piece of the global growth is finally starting to fall into place.

Invest in Exporting

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Expansion into Europe was already a no brainer for Vancouver-based Axine Water Technologies ahead of CETA (Comprehensive Economic and Trade Agreement), Canada’s free trade agreement with the European Union, taking effect this fall.  “The biggest thing that I see in the short term is just access to talent,” said company president and CEO Jonathan Rhone.

“As we’re becoming more of a global trading system, I think that small and medium-sized enterprises have to understand that there are opportunities to be had in investing in exporting,” [Werner] Antweiler [associate professor at the University of British Columbia’s (UBC) Sauder School of Business and a chair in international trade policy] said, adding that many European manufacturers are already poised to take advantage of that trend, being on average a bit larger than those in Canada and possessing a stronger culture of global expansion.

Read more:  Seeking CETA's Small Business Benefits

Today in Global Small Business: A Virtual Tour of the International Space Station

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

• Take a virtual tour of the international space station right now.
• 3 ways to guide a company through global expansion.
• How a focus on family for one CEO blossomed into a global enterprise.
• Entrepreneur brothers find e-commerce success.
• The explosive growth of cross-border e-commerce.
• Learn how Beddys grew its bed business globally and increased sales 700% from year one to year two (WEGGinar™ free of charge but you must register to attend; I'll be fielding the questions).