It doesn’t matter how much interest or how many orders your business is getting from buyers abroad if you can’t figure out how to get paid in the end!
Our next #TradeElite Twitter chat will help you navigate all things money. We’ll talk about methods of payment, which method to use and why, and how to implement different types of payment.
Join our special guest moderator Alexander Malaket, CITP|FIBP, to make sure you get paid when you go global!
Topic: How can you make sure you get paid when you go global?
Date: June 5th 2014
Time: 2.30 p.m. – 3.30 p.m. EST (you can jump in and out at any time during the chat)
Chief Moderator:
Alexander Malaket (CITP|FIBP). @ARMalaket_OPUS
Alexander is a globally recognized specialist in international business, trade and trade finance, and author of the recently published Financing Trade and International Supply Chains published by Gower in the UK. He is President of OPUS Advisory Services International Inc. (Canada), and the Founder/Managing Director of Trade Finance Associates Pte. Ltd (Singapore). | www.opus-advisory.com
Supporting Moderators: @FITTNews
Your friendly FITT Twitter sidekicks Jacob and I.
Special Guest:
Laurel Delaney. @LaurelDelaney
Laurel J. Delaney is founder and president of Chicago-based GlobeTrade, a management consulting company that helps entrepreneurs and small businesses go global. She’s the creator of The Global Small Business Blog, ranked No. 1 in the world for entrepreneurs and small businesses interested in going global. She also serves as the About.com Import and Export expert, and is the author of Exporting: The Definitive Guide to Selling Abroad Profitably, Apress 2013. | www.globetrade.com
Ed Marsh. @edbmarsh
Ed has founded and owned international businesses, so he brings an owner’s high-level perspective to his clients’ challenges, rather then a single niche myopia. His practice is built on the belief that business development is a company’s objective—and that great digital marketing compliments targeted global expansion as an incredibly effective business development formula. | www.emarsh.com · ConsiliumGlobalBusinessAdvisors.com
Rany Ibrahim (CITP|FIBP). @RanyIbrahim
Rany is a Business Workforce Consultant for the Government of Nova Scotia, Canada, and he’s involved with international activities that include immigration, trade development and investment attraction. Rany is a member of International Commerce Steering Committees, the 4Front Atlantic Going Global Initiative, and he teaches international business strategy part time. He’s also serving on various academic and professional boards, and was a 2013 Top 25 Canadian Immigrant Award recipient!
Look here for details on how to participate in our chats and build visibility for your global business and brand.
Highlights from the previous #TradeElite chat
During our last chat, Emiliano Introcaso, CITP|FIBP, and our panel of experts gave up great tips and advice for selecting the best vendors to create an effective global supply chain.
#TradeElite Q1 Can you share your experience when selecting #global vendors?
— Emiliano Introcaso (@introcaso) May 8, 2014
@Cerasis These are outstanding qualities we all look for in distributors. #TradeElite
— Louei Ali (@LoueiAli) May 8, 2014
@introcaso A2: Ask a LOT Of questions to all the players and partners in the #ValueChain. Japanese say “Gemba” #TradeElite (Cont.)
— Cerasis (@Cerasis) May 8, 2014
@introcaso A2: Assess 1st, plan & create strategy, execute strategy, set up KPIs, get Data, Data, Data, iterative improvement #TradeElite
— Cerasis (@Cerasis) May 8, 2014
Find out how the @TCS_SDC can help your SME find qualified contacts: https://t.co/hsbRSlUSyk #TradeElite
— Paula Ibbotson (@paulaibbotson) May 8, 2014
@introcaso A3: This Q is relative to 1st. Risk management becomes more of a priority & assessment as well. EXPERTISE is a must #TradeElite
— Cerasis (@Cerasis) May 8, 2014
@introcaso A4: w/so many moving parts for transportation, warehouse, negotiations, etc., 3PLs allow you to skip the pitfalls #TradeElite
— Cerasis (@Cerasis) May 8, 2014
@introcaso A4: Facilitate within the local market. Just used TCS in Brazil and they guided me to 3pl and it worked #TradeElite
— Louei Ali (@LoueiAli) May 8, 2014
@introcaso A5: Improved INTERNAL culture, begetting higher communication/collaboration for more innovation #TradeElite
— Cerasis (@Cerasis) May 8, 2014
@introcaso Absolutely! We do that here, including employee development. See importance of here: https://t.co/NTCxLltbsN #TradeElite
— Cerasis (@Cerasis) May 8, 2014
Q5: clear timelines at each stage. We say one day delay can cost us 2 weeks on delivery. #TradeElite
— audrey ross (@tresAudrey) May 8, 2014
@introcaso @LoueiAli What’s the saying: “Measure Twice. Cut Once.” Same in #ValueChain & Biz decisions in general #TradeElite
— Cerasis (@Cerasis) May 8, 2014
@LoueiAli @Cerasis @introcaso but channel partners must be vetted by biz plan not logistics experience https://t.co/B8ne335c3z #tradeelite
— Ed Marsh (@edbmarsh) May 8, 2014
my take for today’s #TradeElite chat is to plan, prepare a good strategy, invest in your employees. All gains for a better #valuechain
— Emiliano Introcaso (@introcaso) May 8, 2014
We look forward to seeing you at our next #TradeElite chat and virtual networking session.
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