The world truly becomes your “oyster” when you have a global business. You don’t have to be a giant. You just have to have a “little piece” of a market — which can grow into a large business — a conglomerate that can truly create riches for you. All businesses start small! All global Regions / countries have different economic cycles which they go through. so when you have expanded your markets globally, you will be covered no matter what happens. It does require that you get educated in global matters / markets — and this helps to keep you ahead of any potential competitors. Being a Global Entrepreneur keeps you being an “on-the-leading-edge innovator”, which is key to keeping your niche.
Global entrepreneurship allows you to exercise and maintain your brain “plasticity” at its optimum. This helps to expand those neurological pathways that keeps your brain sharp and allows your eyes to be open and see new opportunities. A true entrepreneur is constantly looking for new ways of marketing, selling, managing/handling their teams, and creating new revenue streams. When you are dealing with people internationally, you automatically begin to learn new ways of doing business, expanding markets, and having the latest technologies. We began to “SMS” (texting) in the Asia Pacific region at least 7 years before it became popular in the States. Right now free communication Apps such as WeChat are used by nearly half a billion people in that region — it has now started to spread like wildfire in Mexico and other Latin countries — and most people in the States have no idea what WeChat is… So different markets have different contributions can make to each other. Start looking and be happily surprised on how you can stay ahead of the game by being a Global Entrepreneur!
Dame DC Cordova
CEO, Excellerated Business School® for Entrepreneurs / Money & You® Program
Value and Build Relationship
I realized one of the biggest contributors to my business growing globally is the people I know and got to know through my network. Through these individuals is how I learn more about a country and their ways of doing business than reading any written materials available. This is also where opportunities lie.
One simple tip I would like to share with you is take time to connect with people. I found out that by just taking the time to respond to an email or spend 15-30 mins on a call to get to know the individual and see how I can be of support to them, it has lead me to opportunities beyond my dreams and have brought me contacts that supported and grew my businesses both locally and globally. Value each contact and take time to build relationship, you never know where it might lead you to or WHO it might lead you to. Enjoy!
About Dr. Annie Lim
Dr. Annie Lim is a serial entrepreneur; a fun, brilliant and creative individual who lives to serve and touch the lives of others through coaching, training and transformational work.She runs several companies including Dr. Annie Lim International Inc. (http://www.drannielim.com), a training and coaching company, CEO of Ferret Card, Inc. (the largest mobile loyalty program company in Canada) and official promoter of Money & You program in Toronto (http://www.inspiredlifelearning.com). She is also the founder of the Women In Business World Summit event (http://www.wibws.com) debuting in March 2014. She has been featured on Bloomberg Television, various magazines, newspapers, TV stations and was recently awarded the International Women’s Day Outstanding Service Award by Women’s International Network, USA.
Annie is also the founder of L.I.F.E. (Learning Inspires Frees Empowers) Children Foundation to provide underprivileged children around the globe with better educational opportunities, and to support their growth as individuals and members of society.
Global Entrepreneur Tips from Gabriel Nossovitch
Successful Global Entrepreneurs must have strong intentionality, and yet show a deep willingness to listen with an open mind. As a Global Entrepreneur it is of utmost importance to “stay focused on your purpose” as you are bound to face unusual, unpredictable and challenging situations. It is equally as important to keep an open mind and to show flexibility. A global entrepreneur needs to be willing to adapt to different socioeconomic mores and political environments.
Being a global entrepreneur means that when someone tells you “in our country we are not used to that, and people will not accept that,” you need to have the maturity to seriously consider the objections, but at the same time, stay connected with your intention to bring new possibilities into the culture. You remain clear that you purpose is to offer new opportunities regardless of whether or not they challenge the prevailing ways or traditional MOs.
I have learned that there is a beautiful balance that the Global Entrepreneur often must master. And that is the balance between: “the honoring of traditions and embracing the culture” and “the bringing of new, bold and fresh ideas.” They need to be flexible yet have the will to assert their creativity through innovations that forward the common good.
About Gabriel Nossovitch
Gabriel Nossovitch is a successful Global Entrepreneur. He is the founder of several companies throughout Latin America and the United States: ArgentinaWorks SA, in Buenos Aires, ChileWorks SA, in Santiago, and Worldworks Mexico, in Mexico City. He is the co-founder of WorldWorks Inc. in the United States and the originator of The Nossovitch Group method, a successful training program for Executives operating in a global environment. These organizations offer leadership training and transformational education. They also sponsor large scale community service projects aimed at raising awareness in underprivileged populations in the Americas.
We may find out more about Mr. Nossovitch by visiting www.thenossovitchgroup.com and by downloading his world renown “Story-bored” Audio Program, a two hour transformational course, from his personal site www.gabrielnossovitch.comRead More...
As our readers have heard us say so many times before, entrepreneurial education is the key to achieving success in business…and to changing the world. Traditional education systems don’t do a good job of teaching students how to start and run their own businesses and yet it’s almost impossible to become wildly financially successful by just being an employee of a company.
Establishing a team of mentors and other support people will help a small business owner or entrepreneur grow their business. That team, coupled with thinking beyond borders and becoming a Global Entrepreneur by taking a business international will help the entrepreneur grow their business beyond their wildest imagination.Read More...
One of the key factors of successful entrepreneurship is creating a solid team of masters and mentors who have already paved the path before you. It’s also critical to have a team of people behind you that can handle each detail.
By not listening and watching others that have gone before us, we could be wasting weeks, months, and even years trying to “re-invent” the wheel. This wasted time could be spent developing products, growing our businesses…and even getting rich. Many social and “giving” entrepreneurs have developed info products and programs that can help us map out our own future and it would be foolish not to follow in these master’s footsteps.
Though we think we can (or should) do things on our own, there is no such thing as a “self-made” millionaire. With every successful person is a team of people who work to make sure everything gets done. Even the most successful and famous business achievers have huge teams of people behind them. Yes, the entrepreneurs are brilliant people – but it is humanly impossible for one person to handle every detail on their own.Read More...
Building a successful business is hard. We pour our blood, sweat, and tears into it. We sacrifice much…money, time, energy, and sometimes even relationships to make a business work. We want it so badly that everything else in our lives becomes second…or third. We talk the business, we walk it, we sleep it, we eat it, and it consumes us. We are willing to give up everything to make this business successful.
But what happens to us when, regardless of circumstance, we collapse from exhaustion and see that this business just isn’t going to work?
Sometimes when we take a step back we realize that we have become the business and the business has become us. Our identities are so wrapped up in the success of this venture that we really don’t know who we are without it. Sadly, this makes us so determined to make it work that we just won’t let it go…no matter the cost.
The fear of failure is so strong that we’re willing to give up everything, including who we are, to see the business succeed. We listen to our doubters and the nay-sayers who said this would never work and we just want to prove them wrong.
Although it is our hope that you never have a business fail, it does happen so it’s important for us to think and talk about. And it’s important to ask “when is it time to pull the plug?”Read More...
We are all in pursuit of something.
That pursuit might be for wealth, love, peace, friendship, family, acceptance, purpose, health, or significance. It might even be for the ultimate of all pursuits: Happiness.
As we look at what we are pursuing, it’s always a good exercise to see if that’s truly what we’re focused on along the way. For example, if our ultimate pursuit is happiness but we spend most of our time unhappy, then how will we ever get to “happiness?” And, more importantly, how will we know when we’ve gotten there.
It’s very rare that we wake up one day and the ultimate dream is ours. It takes planning, goal-setting, and hard work to get to our destinations. It takes a plan.Read More...
When we look at traditional educational systems, both public and private, we will be hard-pressed to find many schools that really teach students about business. This is especially true when it comes to the topic of entrepreneurial education.
For the “typical” person to achieve financial success, they must really create and grow their own business. It’s nearly impossible to be financially successful by just being an employee in a company or by being self-employed. But sadly, our traditional educational systems don’t focus on entrepreneurship as a path to success.
For most everyone, entrepreneurial education is necessary in order to achieve the desired success in business and because this isn’t taught in traditional schools, the seminar and self-development industry was born. This $100 billion per year industry “fills the gap” between what wasn’t taught and what entrepreneurs need to know as they develop and grow their businesses.
This is precisely why our pursuit is to transform educational systems around the world to eradicate poverty and hunger. It is not enough to just provide money and food – though this is certainly helpful to a poor and hungry population, it isn’t the answer to the problem.
Education is the answer. And our traditional education systems are not contributing to students growing up to be successful in business.Read More...
When doing business in the Asia Pacific region, it is so important NOT to attempt to infuse our own cultures, habits, and etiquette into business meetings and deals. Here are 10 tips to help everyone prepare for business meetings abroad:Read More...
It goes without saying that business and tax laws are different in different countries. Many entrepreneurs have learned this lesson the hard way by not utilizing experts to get agreements, licenses, and contracts in place prior to conducting business abroad.
As with any business venture, you should consult with experts who are knowledgeable in international business, specifically the county chosen to do business in. For certain industries and countries, taxes may be waived for the first two years of profitability and reduced for up to three more years thereafter. A savvy entrepreneur or small business owner will want to take advantage of these tax incentives.
Taxes are not the only concern when entering a new market. Topics such as general accounting, business risk mitigation, contracts, and licensing must also be addressed with experts.
There are many resources available to guide a business owner when conducting business in a foreign country. It is always a good idea to find samples to guide you in developing business agreements, whether the business is for a product or service. The business owner should write the agreement first, work through it with all parties concerned and then make it legal. It is ill-advised to work on trust alone!Read More...
Life is time.
For many people, life is consumed with the past. We define who we are, what we do, what we have, and what we want through the lens of “yesterday.” But see, there is no power in yesterday…there are only lessons. The person consumed with yesterday is powerless to live today and to dream about tomorrow. When we dwell on what might have been or should have been, we can’t move forward.
Tomorrow is not here and tomorrow is not now. But yet, many of us are so preoccupied with what tomorrow may or may not bring, that we miss today. We need tomorrow…tomorrow allows us to visualize our dreams. Tomorrow is hope. But there is no power in living in tomorrow.Read More...
Most people would have us believe that we are either leaders or followers…not both. But, in reality, we lead in some parts of our lives and we follow in others – it all depends on the “role” we play in that area of our life. It takes both leaders and followers for the world to function. If everyone were trying to lead, there would be no one to follow and chaos would ensue. If everyone followed, we would all wander aimlessly.
It’s the choices we make in our different roles that contribute to our happiness. For example, if we choose to work in a career where we are “following”, we are more likely to be content in that role. If we feel like we are stuck in a “follower” role, that’s when restless discontent sets in. On the flip side, if we are forced into a leadership role where we don’t feel passion and purpose, we may not do our best as leaders – and we’ll look to run as soon as possible.Read More...
A successful Asia Pacific Global Entrepreneur may work for months to get the right business contacts and meetings set up prior to getting on an airplane for the long journey to the country selected to do business in.
Assuming that business meetings will be conducted in the same manner as they are at “home” is a big mistake that can thwart success.
Here are some great tips for business meeting preparation, dress, and etiquette:Read More...