How to Start an International Trading Business
International trade is the import and/or export of a product, service, or a commodity between companies or individuals in different countries. Trade exists because a buyer wants to import something…
How Do I Demonstrate Competitive Advantage?
Entrepreneurs are often quick to assert to potential investors that their product or solution will kill the competition. However, your opinion alone will not be enough to convince experienced investors.…
USA Treaty Countries for Investors and Traders
The United States Citizenship and Immigration Services (USCIS) agency of the U.S. Department of State allows investors and traders from “Treaty Countries” the opportunity to apply for a nonimmigrant visa…
Foster a Coaching Culture
Every entrepreneur I know wishes he had more time to coach all the members of his team. I often hear the excuse that coaching takes more time than simply diving…
Will Your Business Model Deliver?
In this age of the lean startup, minimum viable product, and fail fast, the advice is clear, test everything as soon as possible. Also, do it while making the smallest…
Legal Factors in Your PESTEL Analysis (Part 7 of 7)
A government’s rules and regulations—its laws—will always have a macroeconomic impact on the success of any business. And, for companies that operate within the jurisdiction of multiple governments, business leaders…
Environmental Factors in Your PESTEL Analysis (Part 6 of 7)
It wasn’t that long ago that if you asked a business leader how she intended to mitigate the issues related to climate change, corporate social responsibility (CSR), or sustainability, she…
Technological Factors in your PESTEL Analysis (Part 5 of 7)
Technology is the “T” in PESTEL. Technological factors have a critical macro-economic influence on a business’s operations, its products, how it delivers its services, and even its markets. Technology encompasses…
Social Factors in your PESTEL Analysis (Part 4 of 7)
You will recall from the earlier posts in this series that a PESTEL analysis highlights the external macro-economic factors that can affect a business’s growth prospects or even its financial…
Economic Factors in your PESTEL Analysis (Part 3 of 7)
PESTEL has two “E’s” in it. The first one stands for Economic factors: those external economic factors that might have a direct or indirect long-term impact on a company’s success.…