where are the business opportunities today? answer: outside the usa
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Where are the Business Opportunities Today? Answer: Outside the USA Madison Area Business Consultants May 10, 2012. Who Are We? White Paper – Background & Joint Collaboration The Numbers Trends Conditions are Right Initial Steps Resources. Presentation. - PowerPoint PPT PresentationTRANSCRIPT
Where are the Business Opportunities Today?
Answer: Outside the USA
Madison Area Business ConsultantsMay 10, 2012
Who Are We? White Paper – Background & Joint CollaborationThe NumbersTrendsConditions are Right Initial StepsResources
Presentation
Business developers to emerging companies expanding their businesses internationally.
Business Across Borders™
“International Business is our PASSION!”
Who Are We?
Trade Development – Emerging Exporters─ Organizational Development
─ 1st Steps
International Business Development─ Market Entry or Growth Strategy─ Distributor Network Development, Evaluation and Management─ Direct Sales
International Project Management─ Overseas Operations
─ Business Structure
Services
White PaperGenesis─ Frustration─ Spur to Action─ Marketing Effort
Author – Ken WasylikEditing – Kathy WatsonGraphics and Design – Neil DiffenbaughMarketing Assistance – Laurel CavalluzzoCedar Creek Web Design
ResultsPosted on Many LinkedIn Groups ─ ~10 Direct Responses including from Europe
Sent to over 100 Direct Contacts who Forwarded the White Paper to Countless Others
Estimate 500+ Downloads from the WebsiteDirect Response from the US Commercial ServicePosted on BlogAbout 3 Months of Increased Activity
The Numbers95% of the World’s Consumers Live Outside the US70+% of the World’s Purchasing Power is Outside
the US and Growing Each YearFewer than 1% of US Businesses Export─ 58% Export to only 1 Country
97% of US Exporters are Small/Medium Enterprises─ 2/3 have less than 20 Employees
2008-2009 Financial CrisisMost of the World had Little to No RecessionChina Growth Slowed to 7-8%Brazil had 1 Month of Negative GDPThe Developing World Kept Growing
Companies who Had 30% or More of Their Sales Outside the US Did Much Better and Came Out of the US Recession Stronger and More Profitable.
2012 GDP Forecast - DevelopedUSA – 2.1%Advanced Economies – 1.4%European Union - .3%Germany - .6%France - .5% Italy – (1.9%)Greece – (4.7%)
2012 GDP Forecast - DevelopingChina – 8.2% India – 6.9%Mexico – 3.6%Developing Asia – 7.4%ASEAN 5 – 5.4%Latin America – 3.7%Middle East – 4.2%
Where’s the $?Middle and Upper Classes─ Current Advanced Economies (US and Europe) will
Decrease to 558 Mil. People by 2025─ Asia will Grow to 3.6 Bil. People by 2025─ Est. 1.4 Mil. US$ Millionaires in China─ Est. 2.8 Mil. US$ Millionaires in Asia ex Japan
Focus on the Middle Class Increase in Purchasing PowerDemand for Better Products and ServicesHigher Savings RatesChina Marketing Formula
10% x 10% x 10% = a Big Number
The Newly RichConsumer ProductsDurables, Cars, AppliancesServices – Financial, etc.HealthcareFoodLeisure & Travel Industrialization
Conditions are RightNational Export Initiative─ Goal to Double Exports in 5 Years
Free Trade Agreements─ 17 Existing─ NAFTA─ CAFTA
─ 4 in the Works─ Korea─ Colombia
Conditions are RightHistorically Weak US$US Trade ShowsUS Government SupportState Government Support Internet – Virtual 24/7 – Total ConnectivitySocial Networking/Media
If you Have a Website
You are Global!
Initial StepsStrategy, Goal or Attitude to Seek Opportunities
Outside the US – A Mindset Assess Internal ResourcesDevelop a Plan – Where to Market First?Get Help from Numerous Outside ResourcesStart Small – Learning CurveDo Not Stop Because of the Fear of the Unknown
ResourcesUS Commercial Service
Damian FeltonDirector - MilwaukeeU.S. Commercial ServiceU.S. Department of Commerce1025 N. Broadway, R-01Milwaukee, Wisconsin [email protected] ph: 414-297-3457, fx: 414-297-3470 www.export.gov/wisconsin * www.trade.gov
ResourcesWisconsin Economic Development Corporation
Lora KlenkeVP - International Business Development201 W. Washington AveMadison, WI [email protected]
ResourcesMadison International Trade Association
www.mitatrade.org
Next Event – May 11th – Trade Directors BreakfastMilwaukee World Trade Association
www.mwta.comStateline World Trade Association
www.slwta.org
