1. Shift your production to a nation with lower labor costs. For example, if you currently manufacture in North America, try outsourcing to Vietnam, Indonesia or Malaysia, where the labor cost is cheaper and the quality acceptable. At the same time, examine potential transportation costs (refer to No. 7) to ensure you maintain, or even lower, that part of your overseas expenses.
What are some other ways in which you have tightened your belt -- reduced expenses -- on export sales to ensure you maintain decent profits?
According to Export-Import Bank of the United States, the small-business Exporter of the Year 2011 award winner is: Wayne, Pennsylvania-based Wallquest Inc.
Wallquest Inc., a family-owned firm based in Wayne, Pa., sells wallpaper in more than 50 foreign markets, including China, Saudi Arabia, Turkey, Brazil, Russia and the United Arab Emirates. Last year, the company’s exports rose 76% to over $17 million. The company’s growth since 2008 has been driven by the export market, according to Wallquest Vice President Jack Collins.
Proceed with caution and use a critical eye when evaluating posts and search results on LinkedIn or any other social networking platform.
With this article for About.com's Import and Export site (full disclosure: I serve as their guide), I provide examples of what to avoid and what to look for when identifying potential import/export opportunities.
A 49-foot-tall head is fixed on a torso with cranes and integrated into a floating stage on Lake Constance near Bregenz, Austria. The stage is being prepared for the opera "Andre Chenier," which will premiere July 20 at the Bregenz Opera festival.
All of the World's great automobile manufactures bring their vehicles to the Car Concerns Radio Proving Grounds for Harry's "Step-On-It-Approval" and to get "Car Concerns Certified" as a safe and value investment.
"Each vehicle, weather it be a base vehicle or a luxury sedan or pick-up truck, they all go through the same Car Concerns Radio evaluation process. Value is always what we seek.
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The Detroit Regional Convention Facility Authority recently announced dramatic changes to Cobo Center in Detroit, home of the North American International Auto Show (NAIAS). Construction is already underway on the $221 million project, and while many of the renovations will be ready for the 2012 NAIAS and 2013 NAIAS, all improvements will be completed for the 2014 show.
At a recent press conference, the Cobo Authority unveiled a virtual tour of the conceptualized, completed convention facility. Click on the following link to see the dramatic facility enhancements and architectural changes, including a new three-story atrium, new meeting rooms and ballrooms that will open up to stunning views of the Detroit River.
"For more than 24 years, the NAIAS has been the vehicle to drive sales and educate consumers and decision makers on a global scale with automakers’ brand messages, while it continues to be a reliable gauge of the worldwide economy,” said NAIAS 2012 Chairman Bill Perkins. “All of these functions will now be amplified through an amazing transformation of a classic facility that will enhance the image and legacy of the NAIAS. We're building on a strong, positive momentum from NAIAS 2011, and we're encouraged by what we're hearing from automakers. The industry is rebounding, and the news about the Cobo improvements comes at a critical time."
The Car Concerns Radio Road Crew is excited to explore the newly renovated Cobo Center at the 2012 North American International Automobile Show.
CAR CONCERNS ROCKS IN THE USA EVERY WEEK-DAY MORNING CALL HARRY MONDAY THUR FRIDAY...9:00 TO 11:00 A.M.(EST). BORDER-TO-BORDER...COAST-TO-COAST... USA TOLL-FREE: 1-888-454-3378 HEARD ON THE CAR CONCERNS RADIO NETWORK: Boston 1460 WXBR - Chicago 1230 WJOB Las Vegas 970 KNUU - Pittsburgh 1550 WLFP - Orlando/Winter Springs IPR Radio Seattle/Bothell BIG R Radio - Hagatna Guam 1340 KGUM EMAIL: harry@carconcerns.com
Douglas Besharov and Douglas Call co-author an article for The Wilson Quarterly, "The Global Budget Race," which talks about how the United States must make tough choices in order to climb out of its current debt crisis.
Snippet:
Those countries that do a better job of bringing revenues and spending into balance—in a way that fosters a healthy and productive citizenry—will have a competitive advantage in the global economy, and they may be able to avoid economic decline.
The tragedy in Japan caused by a magnitude-9 earthquake and turbo-charged tsunami leads one to think the unthinkable: Will Japan recover?
With a culture like this (refer below), how can they not slowly rebuild?
In the face of calamity, a decent people has proved extremely resilient: no looting; very little complaining among the tsunami survivors. In Tokyo people queued patiently to meet their tax deadlines. Everywhere there was a calm determination to conjure a little order out of chaos. Volunteers have rushed to help. ~ The Economist, Japan's hydra-headed disaster: The fallout
And Mr. Howard Stringer, chairman, CEO and President of Sony Corp. writes a commentary for The Wall Street Journal (3/18/11) that I wish I would have written. I so agree with his sentiments about the Japanese having a national spirit of grace, generosity, and common cause that just never gives up.
The United States wants to (re)strengthen its ties with Brazil and Brazil is all for it. Recently, China overtook the United States as Brazil's biggest trading partner in 2009. China became Chile's leading export market in 2007.
The United States imported $27 billion from Brazil in 2008, compared to China's $16 billion, according to the Inter-American Development Bank.
Read more here about how the United States will most likely restructure its partnership with Latin America -- soon.
May the road rise to meet you, May the wind be always at your back. May the sun shine warm upon your face, The rains fall soft upon your fields. And until we meet again, May God hold you in the palm of his hand.
May God be with you and bless you: May you see your children's children. May you be poor in misfortune, Rich in blessings. May you know nothing but happiness From this day forward.
May the road rise up to meet you May the wind be always at your back May the warm rays of sun fall upon your home And may the hand of a friend always be near.
May green be the grass you walk on, May blue be the skies above you, May pure be the joys that surround you, May true be the hearts that love you.
Everyone the world over is Irish on St. Patty's Day! Have a happy one. This one's for you dear Dad, Thomas S. Delaney (God rest his soul January 8, 2011).
Infant and youth furniture resource Kid Brands fired two executives from its LaJobi subsidiary (notice recalls here) in response to alleged evasion of paying import duties in the wood bedroom furniture antidumping case.
What did they do wrong?
Applied import duties incorrectly to products imported from various Chinese resources, a violation of antidumping regulations.
Practiced unfair pricing tactics.
Misidentified the manufacturer and shipper of products.
Read the entire story here to get a feeling of what import duty evasion looks like and to learn how to avoid these import problems on your own transactions.
And, I would be cautious with the LaJobi brand for your loved ones.
This piece was published four (4) years ago yet most of the links not only still work but also shed light on how to take a company global.
So if you are a newcomer to this blog, dig in -- this one's for you. For everyone else who's been with me since 2004, you might re-visit this piece because I am certain there's something you missed and could use to grow your business global!
According to Peter Cohen's commentary, there are three names in the hat: Google Executive Chairman Eric Schmidt, Ron Kirk, U.S. trade negotiator and Jeffrey Kindler, the former CEO of Pfizer.
Cohen gives his assessment of the candidates. He also references:
The administration's goal of doubling U.S. exports in five years is an ambitious goal, no matter who next fills the role of commerce secretary. Based on the latest numbers, U.S. exports rose 16.6% to $1.83 trillion in 2010. At that level we'd need to boost exports another 70% to reach $3.1 trillion by 2014.
And read this part carefully:
At this point, I should disclose that I have a small personal connection to this story: This year, I have a new book coming out about how small and medium-sized businesses can enter global markets, titled Export Now: Five Keys to Entering New Markets. I co-authored it with former Undersecretary of Commerce for International Trade Frank Lavin, and Secretary Locke wrote the forward.
At the Car Concerns Radio Proving Grounds Harry had the pleasure of experiencing the wonderment of the 2011 Hyundai Sonata Limited 2.0T.
While the 2011 Hyundai Sonata 2.0T Limited came to the Car Concerns Radio Studios loaded up with goodies, the most important thing the car brought with it wasn’t on the spec sheet. I’m talking here about expectations. The car has launched Hyundai into the mainstream with retail auto consumers. The 2011 Sonata Limited 2.0T comes with a strong reputation for pleasing automobile enthusiast, and the Car Concerns Radio Road-Crew was particularly looking forward to seeing how it lived up to that rep. Of course, first we had to get used to seeing the vehicle itself.
This Hyundai Sonata Limited 2.0T is a lot like nothing else you have ever driven before. To the Car Concerns Radio Crew it's as though Hyundai is finding new ways for automotive expression.
At Car Concerns Radio we have always been surprised that a car with such a relatively radical design was attracting so many customers, but after living with the Sonata for just a few days, most of its exterior design cues began to absolutely amaze. The sedan’s profile is much sleeker than you might think at a quick glance, and it takes a nice sturdy stance on the road, with an aggressive look that’s well enhanced by the character line flowing through its door handles. That character line blends backward into the Sonata’s deck-lid nicely, too, and the way the D-pillar flows down into the trunk area almost pulls off a rich feel.
The Car Concerns Road Crew noticed that there are more Hyundai Sonata's on the road than ever before.
Make your get-away fast and smooth. Warning: The 2011 Hyundai Sonata Limited 2.0 Turbo my leave your stomach speechless!
EPA fuel economy estimates: City MPG 22/ Highway MPG 33.
Harry feels that if you will test-drive the 2011 Hyundai Sonata Limited 2.0 Turbo that it will impress you as well!
Drive on!
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In 1998, my book “Start & Run a Profitable Exporting Business” (read it free: http://tinyurl.com/2d5dfm3) was published. Since then, it has become a source for entrepreneurs and small businesses interested in exporting their products and services internationally. But let’s face it — a lot has happened in the past 13 years. Starting an export business was a good idea then, but now is an even better time to take your business global.
What’s been the single most influential change for businesses since 1998?
Photo credit: Laurel Delaney, shot from car heading East on Wacker Drive about 5:00 p.m. CST on 3/10/11 -- that's the Wrigley Building dead center (clock).
UPS Capital, a UPS company, is focused primarily on providing financial services to businesses whose supply chains span international borders, such as U.S.-based businesses that manufacture or import goods overseas for sale in the U.S.
Is that your company? Then pay UPS Capital a visit here.
What's the toughest part of taking a business global? From what people say, it's usually, "My products are not exportable. Too complex. Cost prohibitive."
Excuses, excuses ... don't get me wrong, some of these reasons for not crossing borders might apply but in most instances, you can get up and running with your business internationally within about a day. I'm serious.
Finding your first good customer is the toughest part of the whole deal. After that, everything else falls into place from arranging payment (your banker can assist) to transporting your product (contact UPS, FedEx or DHL) to after-service sales (use Skype or email for goodness sakes).
A new website was launched providing all the latest official information on the upcoming royal wedding of Prince William to Catherine Middleton (pictured).
The website will be regularly updated with new details about the Friday, April 29 ceremony at Westminster Abbey, as well as new features, videos, photos and more.
My question is this: What items are you currently manufacturing that could be tweaked and potentially sold in London and elsewhere in the world to celebrate this event? Special pins, cuff links, ribbons, banners, socks, folding seats (to watch the wedding), etc.
Seems like an awfully good way to ride on the wave of success on what is going to be the wedding of a lifetime and take your business global at the same time!
Note: Minor detail in the grand scheme of things but I noticed that the website was implemented by Accenture(a firm already capturing global opportunity on this event).
The 23 million SMEs in the EU represent 99% of businesses, and are a key driver for economic growth, innovation, employment and social integration. The European Commission aims to promote successful entrepreneurship and improve the business environment for SMEs, to allow them to realize their full potential in today's global economy.
What is even more intriguing is that nine out of ten SMEs are actually micro enterprises with less than 10 employees. Hence, the mainstays of Europe's economy are micro firms, each providing work for two persons, in average. This is probably one of the EU's best kept secrets!
Harry's High-End was founded in June of 2003. Harry's High-End Automobiles is an entity connecting luxury and exotic automobile buyers and sellers, providing them a reliable platform to share information. Harry's High End Automobiles concentrates on dealing exclusively in the world's most prestigious type of vehicles. We serve the influential owners of the following makes: Aston Martin, Audi, Bentley, BMW, Ferrari, Jaguar, Lamborghini, Land Rover, Lexus, Lotus, Maserati, Maybach, Mercedes, Porsche and Rolls Royce.
Harry's High-End was created to optimize our client's luxury automobile experience by targeting a specific audience. Catering to the pre-qualified luxury car enthusiasts who truly appreciate High-End Quality Automobiles. We currently advertise in the top car enthusiast magazines* throughout the country.
Harry's High-End Automobile Services is featured Monday-Thur Friday on nationally syndicated Car Concerns Radio which broadcast two hours a day in markets where High End Automobile Buyers tend to live. Markets like Boston, Chicago, Las Vegas, Orlando/Winter Springs, Pittsburgh, Seattle, and several other markets.
The personal service that we offer is unmatched and unlike any other. Whether you are listing one car or you are the biggest dealership in the country, the Harry's High End Team will cater to your every need. Our clients are what makes Harry's High-End special and are our #1 priority. We are here for one reason, to help with all of your luxury and exotic car needs!
"When Your Money Is On The Line...Call The Line That Is On The Money!"
Harry's High-End Current Listings... 2005 Ford GT Red only 7 miles.....asking price is $177,000 2005 Ford GT White only 2000 miles....asking price is $160,000 2010 Ferrari 599 GTB Black on black only 900 miles....asking price is $274,000 2005 Ferrari F430 titanium on blue only 1400 miles...asking price is $122,000 2005 Porsche Carrera GT black on black only 8500 miles.....asking price is $310,000 2006 GT Heritage only 2000 miles orange & Blue on black.....asking price is $208,000 2010 Audi R8 V10 black on black only 1400 miles....asking price is $150,500 2010 Red Ferrari California red on black only 2000 miles
Harry's High-End Current Collector Listings... 1983 Porsche 911 Turbo 930 red on black only 50 miles......asking price $130,000 1990 Ferrari F40 red on red/black only 1700 miles......asking price $690,000 1990 Ferrari F40 red on red/black only 3500 miles.......asking price is $625,000 2003 Ferrari Enzo black on black only 1400 miles.......asking price is $1.650,000 1995 Ferrari F50 red on red/black only 7000 miles.....asking price....make an offer 2004 Ferrari Enzo White only 4000 miles....contact us 1994 Mclaren F1.....
Selling or Buying! Let Harry's High-End get the job done!
Phone: 1-865-622-3032 or email: harryshighend@aol.com
HAS HARRY HELPED YOU YET?
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I know this to be true. Why just last night I bought a 26 oz. can of Maxwell House coffee for U.S. $11.79! Yes, I like one good cup of coffee early in the morning to start the day right but what a price to pay!
So if you are in the food industry, you better start raising prices *slowly* to your customers now so you don't end up eating into your year-end profit margins. Or, worse yet, don't smack your customers with a huge price hike all at once. That's a sure-fire way to lose a customer. Small price adjustments always work better.
We love "meaty" freebies and anything tied to globalization! Acclaro -- provider of comprehensive translation and localization services for software, websites, documents and marketing initiatives of all kinds -- is offering a complimentary software localization webinar that will help you take your first step towards tapping into new international markets.
Harry and the Car Concerns Radio Crew have been cruising in the 2011 Chevrolet Cruze LTZ Turbo at the Car Concerns Radio Proving Grounds.
It seems that manufacturing progress is everyone's business at General Motors these days as they roll the new 2011 Chevrolet Cruze LTZ out the Chevy Dealer Showrooms across the USA and around the World.
This 2011 Chevy Cruze LTZ is World Class and a vehicle that can compete for the auto consumers hard earned transportation dollar. The Chevrolet Cruze LTZ offers exceptional design and performance that represents a true automotive value.
Sporty yet classy, simple yet luxurious says it all here. This Cruze has solutions that most compacts don't offer. One is standard six-speed transmissions, like the manual in Cruze LS that helps offer 26 MPG city and 36 highway.
The 2011 Chevy Cruze LTZ offers upscale presence with the fuel economy and price tag of a compact. And with its sculpted exterior and refined interior, it feels more like a sanctuary than a car when you're behind the wheel. Looks like you'll have to get used to more if you make the decision to own this fantastic G.M. offering.
More Safety
The Cruze is designed to offer continuous protection to you and your precious cargo. It's more safety than you're used to, but you'll adjust.
With the fuel economy of a compact car and the amenities of a mid-size, the Chevrolet Cruze LTZ gives you the best of two worlds. Making a choice can be difficult, so don't. More Features
With all its upscale amenities and features like available navigation and refined interior finishes, the 2011 Chevy Cruze LTZ offers a premium driving experience.
The Car Concerns Radio Crew after running the 2011 Chevy Cruze through the paces at the Car Concerns Radio Proving Grounds has determined that it rates off of the Automotive Charts! Go drive one and see for yourself!
Car Concerns Radio Crew Specs-It-Out:
Options
* 1st and 2nd row Curtain Head Airbags * 4 Door * 4-Wheel ABS Brakes * ABS and Drive-line Traction Control * AM/FM/Satellite Radio * Anti-Theft Alarm System * Audio System Security * Black Grill w/Chrome Surround * Body-Coloured Bumpers * Bucket Front Seats * Cargo Area Light * Center Console: Full With Covered Storage * Clock: in-Radio * Coil Front Spring * Coil Rear Spring * Cruise Control * Cruise Controls on Steering Wheel * Cupholders: Front and Rear
* Dash Trim: Cloth/Metal-Look * Daytime Running Lights * Digital Audio Input * Door Pockets: Driver, Passenger and Rear * Door Reinforcement: Side-Impact Door Beam * Driver and Passenger Knee Airbags * Dusk Sensing Headlights * Engine Immobilizer * External Temperature Display * Floor Mats: Carpet Front and Rear * Fold Forward Seat-back Rear Seats * Front Head Room: 998 * Front Hip Room: 1,346 * Front Independent Suspension * Front Leg Room: 1,074 * Front Reading Lights * Front Shoulder Room: 1,391 * Front Ventilated Disc Brakes * Front and Rear Suspension Stabilizer Bars * Fuel Type: Regular Unleaded * Headlights off Auto
* Heated Driver Mirror * Heated Passenger Mirror * Independent Front Suspension Classification * Instrumentation: Low Fuel Level * Integrated Roof Antenna * Intercooled Turbo * Interior Air Filtration * Left Rear Passenger Door Type: Conventional * MP3 Player
* Max Cargo Capacity: 425 * Metal-Look Center Console Trim * Overall Height: 1,476 * Overall Length: 4,597 * Overall Width: 1,796 * Passenger Airbag * Power Remote Driver Mirror Adjustment * Power Remote Passenger Mirror Adjustment * Power Remote Trunk Release * Power Windows * Privacy Glass: Light * Radio Data System * Rear Bench * Rear Center Seatbelt: 3-Point Belt * Rear Door Type: Trunk * Rear Head Room: 963* Rear Hip Room: 1,331 * Rear Leg Room: 898 * Rear Shoulder Room: 1,369 * Rear Stabilizer Bar: Regular * Regular Front Stabilizer bar * Remote Power Door Locks * Right Rear Passenger Door Type: Conventional * Seatback Storage: 2 * Seatbelt Pretensioners: Front * Semi-Independent Rear Suspension * Side Airbag * Speed Sensitive Audio Volume Control * Speed-Proportional Electric Power Steering * Stability Control: With Anti-Roll Control * Strut Front Suspension * Tachometer * Tilt and Telescopic Steering Wheel * Tires: Prefix: P * Tires: Speed Rating: S * Torsion Beam Rear Suspension * Trip Computer * Two 12V DC Power Outlets * Type of Tires: AS * Variable Intermittent Front Wipers * Vehicle Emissions: Ulev * Wheelbase: 2,685 * XM Satellite Radio * in-Dash Single CD Player
ENTERTAINMENT FEATURES Speakers: 9 Steering wheel mounted audio controls CD player Radio data system Wireless connectivity MP3 decoder AM/FM radio
SEATS AND TRIM Power driver seat Front seats: bucket Front centre armrest Split folding rear seat Leather upholstery Leather shift knob Rear seat centre armrest Heated front seats Rear seats: bench Max seating capacity: 5
CONVENIENCE FEATURES Power windows Auto-dimming rearview mirror Remote keyless entry Passenger door bin Rear beverage holders Passenger vanity mirror Driver vanity mirror 1-touch down Automatic temperature control Front beverage holders Emergency communication system Telescoping steering wheel Illuminated entry Speed control 1-touch up Driver door bin Air conditioning Tilt steering wheel Rear door bins
BODY EXTERIOR Power door mirrors Bumpers: body-colour Heated door mirrors Door mirrors: body-colour
LIGHTING, VISIBILITY AND INSTRUMENTATION Front reading lights Trip computer Speed sensitive wipers Delay-off headlights Variably intermittent wipers Voltmeter Outside temperature display Compass Fully automatic headlights Tachometer Reverse sensing system Rear window defroster
SAFETY AND SECURITY Overhead airbag Electronic stability Dual front impact airbags Rear side impact airbag Knee airbag Occupant sensing airbag Panic alarm Dual front side impact airbags Traction control Ignition disable ABS brakes Perimeter/approach lights 4 wheel disc brakes Security system
POWERTRAIN Torque: 148 lb.-ft. @ 1,850RPM Engine litres: 1.4 Cylinder configuration: I-4 Variable valve control Fuel economy highway: 5.5L/100 km Compressor: intercooled turbo Manual-shift auto Sequential multi-point fuel injection Number of valves: 16 Recommended fuel: regular unleaded Transmission: 6 speed automatic Horsepower: 138hp @ 4,900RPM Fuel economy city: 8.5L/100 km Fuel tank capacity: 59.0L Drive type: front-wheel
SUSPENSION/HANDLING Rear anti-roll bar Speed-sensing steering Power steering Alloy wheels Front anti-roll bar Sport suspension Front wheel independent suspension
SPECS AND DIMENSIONS Exterior body width: 1,796mm (70.7") Exterior length: 4,597mm (181.0") Rear hiproom: 1,331mm (52.4") Compression ratio: 9.50 to 1 Engine horsepower: 138hp @ 4,900RPM Rear legroom: 898mm (35.4") Engine displacement: 1.4 L Rear headroom: 963mm (37.9") Engine torque: 148 lb.-ft. @ 1,850RPM Passenger volume: 2,679L (94.6 cu.ft.) Exterior height: 1,476mm (58.1") Wheelbase: 2,685mm (105.7") Front legroom: 1,074mm (42.3") Rear shoulder room: 1,369mm (53.9") Engine bore x stroke: 72.4mm x 82.6mm (2.85" x 3.25") Turning radius: 5.1m (16.7') Front shoulder room: 1,391mm (54.8") Front hiproom: 1,346mm (53.0") Front headroom: 998mm (39.3")
If you don't experience the 2011 Chevrolet Cruze LTZ Turbo for yourself you may just miss the best auto buy on the 2011 market.
CAR CONCERNS ROCKS IN THE USA EVERY WEEK-DAY MORNING CALL HARRY MONDAY THRU FRIDAY...9:00 TO 11:00 A.M.(EST). BORDER-TO-BORDER...COAST-TO-COAST... USA TOLL-FREE: 1-888-454-3378 HEARD ON THE CAR CONCERNS RADIO NETWORK: EMAIL: harry@carconcerns.com
