Business Talk Radio – With Humor Added- The Lemonade Stand

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01 how to lose your shirt abroad 1

Business Talk Radio
"How to Lose Your Shirt Abroad"

Learn about international business and staying out of trouble overseas. International issues are discussed in a humorous way on The Lemonade Stand

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Don’t Get Ripped Off Offshoring – Don’t Lose Money Outsourcing

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How Many people complain that Chinese factories deliver the wrong products, defective materials, and even items not made to specifications and shipments delivered late.
There are too many tales of knockoffs and counterfeit pieces. “We hired a firms to make our Picture Frames, now the factory is selling directly to our clients!”

Here are 11 strategies to employ to prevent this from happening to you.

• Ask yourself: Why did you think this would be easy?
This may sound psychological, but is a fair question to ask. If making lounge chairs is difficult in Cincinnati, why would someone think it’s easy, say, in Malaysia? The language, culture, currencies and laws are different. It’s also thousands of miles away. Managing factory workers is tough in any country and much more difficult in unknown countries.

• Protect your home base.
If you’re worried about your Malaysian factory selling your designed chairs to your U.S. retailers, then you’ve picked outsourcing as a your only solution>

• Live there for a while.
If you ‘re really considering making your anything in, say, Malaysia, you should invest the time and live in country for a while. Get to know the country, communication styles and your factory.

You can see the other 8 tips at www.lessonsfromtheroad.com

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Market Entry Toolkit. – Now an Ebook for Market Entry

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How many times must a firm make the wrong market choice?

Need to know how to choose a market? The market entry toolkit can be downloaded for kindle, nook, ipad or computer.

Download the Mark Entry Toolkit and avoid international mistakes and international pitfalls

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International Business in One Minute – 3 Quick Market Research Tips

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International Market Research in Only 1 Minute!

Here is a great way to get some quick, easy market research This won’t be a comprehensive way to understand a market, but you can get some quick, free information from the video below and learn about overseas markets

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International Business – Free Articles at Lessons from the Road

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Global Business and International Business Advice.  Free articles and free International Business Advice

 

After Years of International Business

 

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International Business Advice – 3 mistakes in Off Shoring and Outsourcing

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why did you think this would be easy?

This may sound very psychological, but is a fair question to ask. If (e.g.) making lounge chairs is difficult in Cincinnati, why would someone think this is easy say, in Malaysia? The language, culture, currencies and laws are different. It’s also thousands of miles away! Managing factory workers is tough in any country; much more difficult in unknown countries.

 

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International Business Videos – Free International Marketing Advice

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The International Business Minute provides fast, friendly videos (1 minute) on understanding global business. Stream free business advice right from your computer!
  • educate yourself
  • help you inside your organization
  • defend your market choices
  • challenge your employees to think globally
  • enrich your customer relationships
  • or just be entertained.
These can be found in entertaining 1- minute vignettes at www.internationalbusinessminute.com  the first 6 are free!

Entrepreneur’s Advice at the Lemonade Stand

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The words “entrepreneur” and “shoot from the hip” often go hand in hand. Why, we aren’t sure because the pace of business speeds quickly, so does the need for planning.

In many industries, the barriers to entry have been dramatically reduced. Competitors can come in from way out in left field and can put you out of business with ideas you never imagined. Strategic Planning forces you to pay attention to what is going on in the world so you can avoid that fate.

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Visit the Lemonade Stand for Business Radio- and See the New Look!

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Many executives don’t want to do  strategic planning because they consider it a highly complex process that costs and time and energy of the senior management team.

But strategic planning doesn’t have to be mysterious, complicated or time-consuming. In fact, for entrepreneurial companies, it ought to be quick, simple and easily implement-able.”