Archive for the 'Cross border compliance' Category

Two Chicago Businesswomen Nail It on Taking Their Business Global

TwoChicagoWomenNailItOnTakingTheirBusinessGlobal

International expansion offers growth and the opportunity to not only scale a business, but to diversify as well.  And you don’t need a big investment to pull it off.  Here are two cases to prove it.

Chris-Tia Donaldson, founder of Chicago-based Thank God It’s Natural, a line of hair care products for textured hair, grew her global audience through social media—the international orders and distribution requests flowed in from there.  The question for Chris was never should I do this [go global]; it was more, where should I go first?

Jamie (pictured) and Stephanie Kaplan, the sisters who founded Chicago’s Pinch Provisions, which makes “emergency” kits packed with miniature beauty products, bandages and other essentials, saw the opportunity to grow their business internationally fairly quickly but the key to exporting the kits was based on which regulations they thought they could meet as quickly as possible.  They launched in Canada, France and then the U.K., with Australia focused on next.

Chris and the Kaplan sisters offer the following four tips when taking a business global:

  1. Decide where to expand.
  2. Navigate compliance.
  3. Build a retail strategy.
  4. Cross barriers (whether it be language, cultural or currency fluctuations).

Read more:  How two scrappy Chicago beauty companies are nailing international expansion

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Note: Don’t miss our next WEGG webinar 6/8 on “Avoiding Scams, Fraud & Deceit in Your International Business: How to Conduct Effective Due Diligence,” and presented by expert Louise Kern. Register here: https://attendee.gotowebinar.com/register/3785897085114894084. Event is no charge but you must register in advance to attend.

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Attracting and Promoting Women Entrepreneurs in Cross-Border Trade

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Women play a big role in regional, national and international trade, competitiveness and economic growth.  Governments, private sectors and nonprofits such as WEGG can contribute and support women in economic leadership and global trade..

For example, women entrepreneurs in Uganda have asked their government to address the issues of non-tariff barriers (NTB), saying they hinder women’s participation in cross border trade.  NTBs are a form of restrictive trade where barriers to trade are established and take a form other than a tariff.  Non-tariff barriers might include quotas, levies, embargoes, sanctions and other restrictions.

Uganda Women Entrepreneurs Association Ltd. (UWEAL) indicates there is need for concerted efforts to address the challenge of NTBs, to come up with solutions and to attract and promote more women in cross border trade.

Read more:  Non-Tariff Barriers Failing Cross-Border Trade

Screenshot courtesy:  UWEAL

 

Hello Government: Ease Red Tape for Women Entrepreneurs in Saudi Arabia

SaudiArabianWomen

According to Aisha Natu, who writes a weekly column in a local Saudi Arabia paper, current regulations and bureaucracy is hampering the development of businesses run by women in Saudi Arabia.  She says, “Women don’t only want to be seen, they want to actively participate and translate their aspirations into reality.”

About Aisha Natu:

She became the head of the board of directors for Eye to Eye Optics, a company that was started in 1990, and became one of the 27 fastest growing firms in Saudi Arabia. The company then split into three, which included optometry, training, and advertising and media.  She now runs the three companies, which has 100 employees.

Read the entire article:  Women investors seek support to fight red tape

Photo Credit: Mink

Posted by:  Laurel Delaney

Women Take the Plunge to Expand Their Businesses Internationally

There are a lot of issues facing a company as it embarks upon global expansion.

… not simply for those exporting goods or supplying services to overseas customers, but for those setting up a business in the overseas jurisdiction.

Learn more about the people, property, corporate structure and local compliance issues here.

Illustration credit here.

Posted by:  Laurel Delaney


WEGG Mission

Our mission is to educate women business owners and entrepreneurs worldwide on how to go global so they can run healthier businesses and create a new future for themselves, their families and their community.

Women Entrepreneurs GROW Global is a 501(c)3 nonprofit organization. EIN/Tax ID #47-2956522.
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