Tip for Global Small Businesses?

It's our monthly e-newsletter, Borderbuster!  You probably already know about it but just in case, go here to subscribe.

Tips for Small Businesses Going Global

And see what the Federation of International Trade Associations (FITA) says about Borderbuster.  They must like it because they featured it to more than 70,000 readers of their own newsletter!  They also mention The Global Small Business Blog and the About.com Import and Export site.

We are grateful and thank FITA for their support.  Our social media platforms are buzzing!

A Profit Lesson for Global Small Businesses

Wal-Mart (locations noted above) appears to be experiencing international growing pains.  Their strategy for driving global growth is working from a sales stand point but not necessarily from a profit or ease of doing business aspect.

... there’s a big problem with that growth strategy: operating margins are significantly worse internationally then they are in the U.S. In this quarter, U.S. operating margins came in at 7.42%, versus 3.93% for international operating margins. And after taking out currency effects, international operating income fell 3.3% year over year.

The lesson for global small businesses:  Monitor your operating margins country to country.   You may not be the size of Wal-Mart yet this is a common problem for any sized business operating internationally.  Keep your profits strong and healthy worldwide.
 
Read more here.   

Illustration credit:  Wal-Mart stores internationally

How to Run a Global Small Business on a Shoestring

Running a small business that takes on the world does not have to be costly.  Learn how Neil Payne set up his business on a laptop in a studio flat in 2004 and now oversees a company with offices in the UK, USA, Argentina, South Africa, Germany and the UAE.

Read tips on how he did it here.

Posted by:  The Global Small Business Blog

The Most Powerful Force in Business Today: The New Logistics

UPS is sponsoring an international business series over at Small Business Marketing Blog from Duct Tape Marketing and Small Business Trends.

Be sure to check out both places for articles on global small business.

Small Business Marketing Blog from Duct Tape Marketing:
Hidden Challenges Lurking in Global Business

Small Business Trends:
Become a Micro-Multinational Small Business in 5 Steps

Illustration credit here.

Posted by: The Global Small Business Blog

Will the USA Small Business Owner Exporting Civilian Aircraft Please Claim Their Prize?

Census Bureau's Global Reach blog says:

Last month (June 2010) saw a $7.9 billion increase in the deficit despite a 3.3% drop in petroleum imports. This month, the trade deficit improved despite petroleum imports holding steady at $26.8 billion. A drop of $0.7 billion in crude oil was offset by increases in fuel oil and other petroleum products.

And, they go on further to say:

The increase in exports was driven by civilian aircraft, up $1.4 billion to $3.6 billion in July.

If you are a small business owner (with less 500 employees) exporting civilian aircraft as noted above, please let us know so you can claim your prize.

We wish to honor you here with a special feature story and will definitely let the Obama administration know that their National Export Initiative, which encourages small businesses to export, is working!

Illustration credit can be found here.

Posted by: Laurel Delaney, The Global Small Business Blog

And the Growth Through Global Trade Award Goes To ...

Get ready, get set and go after the Growth Through Global Trade Award! Now's your chance to celebrate your global trade successes and be recognized for your export effort.

UPS, in collaboration with World Trade 100 Magazine, opened nominations for its Growth through Global Trade Award, a national award aimed to recognize a U.S. small- or medium-sized business that is effectively exporting to global markets. Is that your business?

Criteria

The award is designed for U.S. small- and medium-sized businesses with fewer than 500 employees that are already exporting to international markets. Anyone can nominate a deserving business for the Growth through Global Trade Award.

Nominees must have a principal place of business in the United States and must currently export to at least one international market. Interested parties can submit a concise online nomination form featuring a series of six questions and a 200-word essay. Nominations can be submitted online here: http://international.ups.com/globaltradeaward/nominate/index.html.

Nominations will be accepted now through November 12, 2010. The winner will be announced in January 2011.

The entries will be judged by a multi-member panel of small business and global trade experts from within and outside UPS (full disclosure: I will be one of the judges). The judges will evaluate all entries against a pre-determined set of criteria, including how exporting has helped the company better compete in today’s global business environment, grow international sales and business operations, and connect with new customers.

Don't stop short here. If you can't think of anyone to nominate yet you pre-qualify -- go for it. This is not a time to be shy. This is a time to toot your global small business horn big time.

I look forward to reviewing your applications.

And the Growth Through Global Trade Award goes to ...

Posted by: The Global Small Business Blog