Global Business: August 2012

The World of Internet Business: Internationalize Your Economy

These days, it is not sufficient to market solely in the United States, much less your local area. Business is being conducted on a global scale, and if you do not join in on the global commerce, you're missing out on a sizable chunk of change! Don't let your competitors pass you by as they expand their businesses to reach out across the oceans, especially with all of the mobility the internet has to offer. In this article I will tell you how you can add a whole new stream of income to your business, by moving to a global internet business model.

If you aren't doing global business yet, you are simply missing out on many great markets. Not only is the internet so easily accessible, but there is no comparison to the quality that the United States has to offer. People far and wide are looking for your online business because of the level of excellence and performance that we demand here in the United States. One of the quickest ways to expand your business to suit global needs is to adjust your site to be presentable in multiple languages. This process is neither complicated nor affordable, and will add an immense volume of new customers who will feel comfortable and appreciated because your site is tailored to their needs. It's built-in customer service that requires little to no feedback on your part.

Another great way to enhance your website and expand it to a global scale is to reference the global markets and current affairs on your website. This will convey to your customers your global view of business and your ability to incorporate information from all around the world in developing your product. This simple strategy adds immense credibility to you and your website, as people will be able to see that you put in the time and effort to think internationally.

These are just two easy ways to present yourself as a world business leader who operates on a global scale, instantly dwarfing your competitors who cannot boast the same credentials. When people see that you offer your site in Spanish, French, etc. they will automatically assume you have done your homework and are serious about doing business. The United States is a large country, but only a small fraction of the commerce and economic market, so quit thinking small, get out there and go global!

Martin Hatch is an expert at creating income online.

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Global Business Ethics

Global Business ethics today have proven themselves to be non-existent. If there had been some degree of self-regulation in the global financial industry, then there is little doubt that the current financial situation that now exists around the world would not be happening.

This lack of business ethics in the financial industry has caused riots in many European countries and no doubt many deaths that have gone unrecorded. This obvious lack of business ethics globally is to be deplored at every level of society and in every nation on earth.

There is little wonder that our financial industries are in such disarray. The banks have not been able to resist the temptation of greed and have operated on the assumption that because they can, they should. So they have.

The problem is that they have nearly brought the whole world crashing into utter chaos due to their greed and lack of ethical behaviour. Business in every country today is often held in little regard; and many big Multinational businesses in many instances are loathed. Once upon a more regulated time, to be a business person meant something and was considered to be an honourable profession. Today this loathing of the International financial sector stems from the fact that many 'ordinary' people have lost their life savings.

As baby-boomers are nearing retirement age and many were thinking they would have a safe and secure retirement fund, have now lost many hundreds of thousands of dollars. This in some instances has caused untold hardship through no fault of their own. After all, they did what they had been advised to do and saved their pennies and added them into retirement packages and other financial products to increase their wealth for a comfortable retirement.

The Financial Investment industry who were serving two masters ended up serving none. In fact, they are a large part of the problem. If a financial advisor is receiving commissions from the products he is recommending to prospective investors and then claiming investment or brokerage fees from those same clients, the question has to be asked as to who is his actual client? Many reputable stockbrokers and financial advisers didn't do that but there were far too many who did.

The banks between themselves sold off packages to each other and rewarded the selling broker financially.

This unethical behaviour gets much worse though as it goes up the regulatory financial chain. The banks themselves, all around the world, invented their own financial products or packages, by bundling up these products being sold to Joe and Jane Citizen and started selling them backwards and forwards to each other. In essence, they were re-selling something that had been sold several times previously. This greed is actually fraud.

It gets even more unethical because they put some 'bad' products (that is, some financial packages that they knew were never going to be redeemed) amongst valuable properties that paid enough to partly cover the losses on the properties that weren't earning. The International banking fraternity then sold these financial products back and forth to each other and from country to country. So that is why we had the global financial crises that I believe, quite frankly, is a long way from being over yet.

As I see it, the only way the International financial industry will get some ethics restored back into our financial systems, is to put in some meaningful financial regulation to halt the rape and pillage we have all been subjected to.

Now if only we could all find a politician somewhere who has the gumption to stand up to this greedy unethical industry and say "Enough and No More".

Instigating ethical accounting practices back into our banking industry will help many small businesses today

International SIM Cards Can Save Your Business Big Bucks

Whether you are aspiring to become an entrepreneur or you are already highly successful, the communication devices used are essential to the running of a profitable business. There are several tools for communication available around the world, but none arguably more important than the tiny SIM card in your cell phone. With the evolution of international SIM cards, global communications have become much more cost effective.
Whether you are embarking on a small or large venture, you always need to communicate with your clients effectively. This might mean being able to get in direct contact with your clients, responding to leads generated from your website or staying in touch with traveling employees. You can maintain communications using a global phone whether you are within your home country using the home network or when you are traveling to other foreign countries. If you have traveled abroad and have experienced the challenges of using foreign phone systems or had your call disconnected unexpectedly, you'll understand how annoying not having a reliable communication device can be. An international SIM card and global phone takes away many of the frustrations.
It is extremely simple to get these cards from online service providers. Naturally it is important to deal with a reputable company. Check their website to look for a variety of services, information about the services and background information about the company, references, and what support they offer. Some companies offer customized options. It is possible to get SIM cards for a particular country, several countries or the entire world. The prices will vary depending on whether an international phone is also required. Once you have selected a company it only take a few days to receive a global SIM card or world phone.
A global SIM card enables the phone it is in to roam and connect outside of the home network. Getting starting using them involves having a phone that is unlocked so it is able to connect to a GSM or Global System for Mobile Communications network, a standard developed by the European Telecommunications Standards Institute. Your cellular or smart phone is usually purchased with proprietary software that makes the phone only usable with the carrier you purchased from. This is called being locked. It means there will be roaming charges incurred if it is used outside of the home country. An unlocked cell phone can be used with any SIM card from any carrier. World, global or international phones are unlocked and ready to accept any SIM card.
It is very costly to make international calls using your local cell phone because of the associated roaming charges. But once you get your global SIM card you will be able to reach your working staff and potential clients without those charges. The international SIM card is designed to cover more than 200 destinations all over the world seamlessly. So, when you are traveling to another country, you will also be able to run your business without incurring any additional charges. These cards will not only keep you in touch with business associates but also ensure you will be able to reach your family.

You need to check out Brightroam if you are lucky enough to be going to London this summer. Here you can get one of the available UK sim cards for your trip to the Olympics and stay in touch with family and friends during the games.

Challenges for the Global Business

The world has grown smaller and businesses are taking advantage of this. But with the emergence of more global business, comes new hurdles that require immediate solutions. One important aspect of international business is business localization. This is more than merely penetrating local markets. It's actually a socio-cultural step towards business success.

Three major hurdles must be overcome by any global business wanting success. The first concern is providing real-time communication. The speed at which people communicate is one important problem that is continuously limiting business growth. To compound on this concern, people are becoming mobile and instant communication is important. Every second counts in business, and it becomes doubly difficult when people speak different languages. Business localization technology offers immediate response to this by incorporating a way for people to communicate faster with little or no language issues.

Another concern that global companies have to contend with is the fact that they have to cater to people from different parts of the world at the same time. Just the differences in language can slow down communication and business. Now multiplying this several times can cripple any company without the ability to address this concern. Being able to handle this problem warrants an almost impossible task of simultaneous language needs. Business localization services and technology offers the solution to this very pressing concern.

On top of all these problems, companies have to contend with the pressure of both mobility and immediate communication needs at the same time. Juggling one and the other at a time can be a challenge enough. But putting them in just one basket for a company to carry around everyday, can be more difficult (and discouraging for many smaller businesses). Solutions are important in this highly competitive world.

Solutions to these business predicaments are answered by business localization services. Business success comes to those you are able to crack this language puzzles given to all global companies.

Cel Santos works at Day Translations, Inc. -- Professional Translation Services, a global provider of translation solutions. Visit our website at http://daytranslations.com/default.aspx