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Small and growing companies are discovering lucrative new markets abroad. Developing countries are importing products, tech know-how and system support and offering franchising, licensing and distribution opportunities. If your company is expanding abroad, you need to know what you're getting into.
Bill Payne invests, serves on boards, teaches, writes and mentors -- but most of all, has fun.
There has been a lot of attention paid to ethics in business lately. Of course, most of that focus has been on the lack of ethics in business.
Last night I had the privilege of watching the first ever Get in the Ring Competition in the United States. Though this competition is in its sixth year, this was the first year that the United States had participated. The process began in August with groups of judges sorting through about 300 applications from startups all across the country. After several rounds of judging, the final eight startups were invited to Kansas City to participate in the U.S. version of Get in the Ring, the American Startup Clash.
Can you guess where the follow startups were founded-- GameStop, Woot, Words with Friends, SOFTLAYER? Probably Silicon Valley, right? No. How about Boston? Wrong again. I'll give you a hint: it's the fourth largest media market in the country, home to 18 Fortune 500 companies and boasts two major airports, serving as headquarters for two major airlines. Sounds like a pretty good place to start a company, right? Dallas, and the surrounding area called the "Metroplex", sure thinks so and it wants you to start thinking so as well. On Tuesday, I had the opportunity to catch a glimpse of the emerging startup scene in Dallas. I was pleasantly surprised with what I found here.
Here are five big issues you should consider if you want your company to be able to evolve and grow to the next stage of development.
Boards of advisors are best for helping entrepreneurs build companies in the formative stage, whereas boards of directors lend a hand during times of crisis or change, writes a serial entrepreneur. The author provides a blueprint for dealing with both entities.
Giving back to the community-and engaging one-on-one with charitable operatives, the press, and other local constituencies-enables small businesses to increase exposure at little cost, says the founder of a national moving franchiser.
The Humane Society of Silicon Valley had gone to the dogs before president Christine Benninger took hold of the leash in 1993. By nearly every metric - profits earned, animals saved, customers satisfied - she outlines how proven business practices transformed the HSSV into best of breed.
You know you need a mentor, but finding one is not always easy. One mentor may not meet all your mentoring needs. But before you start finding mentors, determine what kind of advice you need.
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