20 tips to grow a global business

From choosing the right market to having a payment plan in place, this is your cheat sheet to growing a global business.

If I had a dollar for every time someone asked me what it takes to go global, I’d be one rich woman. It’s not one thing that propels you to success. Rather, it’s a series of things that must be done well that will get you that much closer to improving your overall growth potential and conducting business with customers the world over.

Editor’s note: Laurel Delaney is the author of the best-selling book, Exporting: The Definitive Guide to Selling Abroad Profitably.

20 tips to grow a global business

Here’s what it takes for an organization — big, small or even upstart — to grow beyond its borders.

  1. Be in the ready state.
  2. Get a company-wide commitment.
  3. Choose a product to take global — preferably one you
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Benefits of professional email for business

This post was originally published on Feb. 28, 2018, and was updated on August 6th, 2020.

How important is it to implement professional email for your business? Well, think about how much time people send in their inbox: an average of 13 hours per week, according to a report by McKinsey. Needless to say, email is a critical part of our day-to-day.

Effective email messaging is important for both businesses and customers. Don’t take our word for it, though. Read on to learn why polished and professional email for business is important for your company.

13 reasons why professional email for business matters

Professional email for business gets your foot in the proverbial door to stir interest in your products and services and also brings the following benefits:

  1. Keeps customers in the loop.
  2. Builds trust.
  3. Develops stronger relationships.
  4. Reaches mobile users.
  5. Attracts more website visitors.
  6. Saves considerable time.
  7. Provides
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10 strategies to sell excess inventory

They say you can’t have too much of a good thing. But when you have excess inventory that you can’t seem to sell, you’ll probably beg to differ.

One of the most important (and challenging) duties of small business ownership is effectively managing inventory. Managing inventory is a delicate balancing act. You want enough inventory to fulfill all of your orders but not so much that you can’t sell it all.

The costs of carrying excess inventory can be huge, potentially costing businesses millions each year.

 

On the other hand, data science-based inventory forecasting techniques may save 10-20% on inventory costs every year, even if you operate on a purely make-to-order model.

Properly managing inventory is one key to small business success, evidenced by the fact that companies with low inventory and high turnover outperform those with high inventory and low turnover.

When you’re stuck with a sudden … Read more