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	<title>Atlantic Canada Archives - Trade Ready</title>
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	<description>Blog for International Trade Experts</description>
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		<title>From landed immigrant to entrepreneur and community leader – this is Pernille Fischer Boulter’s inspiring story</title>
		<link>https://tradeready.ca/2018/featured-stories/from-landed-immigrant-to-entrepreneur-and-community-leader-this-is-pernille-fischer-boulters-inspiring-story/</link>
					<comments>https://tradeready.ca/2018/featured-stories/from-landed-immigrant-to-entrepreneur-and-community-leader-this-is-pernille-fischer-boulters-inspiring-story/#respond</comments>
		
		<dc:creator><![CDATA[Pamela Hyatt]]></dc:creator>
		<pubDate>Wed, 07 Feb 2018 17:08:38 +0000</pubDate>
				<category><![CDATA[Featured Stories]]></category>
		<category><![CDATA[Leading the Industry]]></category>
		<category><![CDATA[Atlantic Canada]]></category>
		<category><![CDATA[CITP Designation]]></category>
		<category><![CDATA[cultural competency]]></category>
		<category><![CDATA[culture clash]]></category>
		<category><![CDATA[Denmark]]></category>
		<category><![CDATA[immigration]]></category>
		<category><![CDATA[international expansion]]></category>
		<category><![CDATA[Kisserup]]></category>
		<category><![CDATA[mentorship]]></category>
		<category><![CDATA[Nova Scotia]]></category>
		<category><![CDATA[success story]]></category>
		<guid isPermaLink="false">http://test.tradeready.ca/?p=25674</guid>

					<description><![CDATA[<p>Over the past 25 years Pernille has worked on projects in over 90 countries and six continents. This is her inspiring story about overcoming the challenges of immigration and finding success in international business.</p>
<p>The post <a href="https://tradeready.ca/2018/featured-stories/from-landed-immigrant-to-entrepreneur-and-community-leader-this-is-pernille-fischer-boulters-inspiring-story/">From landed immigrant to entrepreneur and community leader – this is Pernille Fischer Boulter’s inspiring story</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-25678 size-full" src="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Headshot.jpg" alt="Pernille Fischer Boulter portrait" width="1000" height="667" srcset="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Headshot.jpg 1000w, https://tradeready.ca/wp-content/uploads/2018/02/PFB-Headshot-300x200.jpg 300w, https://tradeready.ca/wp-content/uploads/2018/02/PFB-Headshot-768x512.jpg 768w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></p>
<p>A harrowing hit and run accident in 2015 that left Pernille battered, but not broken, was the inspiration for writing <a href="https://www.amazon.ca/dp/B077PLP49Q/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">her memoirs</a>, published in 2017.<span id="more-25674"></span></p>
<p>“As I healed from my injuries, I found myself thinking of the people who helped me over the years. That night in the hospital I had been so afraid I would never get to thank them fully or tell their stories. Writing a book seemed like the perfect way.”</p>
<h2>Growing from strong international roots</h2>
<p>Pernille’s parents spent many years in Greenland where her two older siblings were born. The family moved to Kisserup, Denmark shortly before she and her twin brother were born. This is where she grew up and first developed the outgoing, ambitious attitude that would guide her through her remarkable career and life journey.</p>
<p>Her parents were a very social and welcoming couple, making friends with people from all over the world and opening their home to their diverse group of friends. This had a profound impact on Pernille and her siblings.</p>
<p>This early exposure to the many and varied friendships her parents had was her first introduction to the wider world, and the differences between the world’s <a href="https://tradeready.ca/2017/fittskills-refresher/5-cultural-factors-need-consider-choosing-next-export-market/">diversified cultures</a>.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">I learned from a very early age that people from different cultures have different ways of looking at things and doing things, and that differences are something to explore, celebrate and learn from.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>Over the past 25 years Pernille has worked on projects in over 90 countries and six continents in over 25 sectors. When she founded Kisserup International Trade Roots to give a name to her fledgling consulting company upon moving to Canada, it was the first name that came to mind, and it turned out to be more than fitting.</p>
<p><em>Below (left): Pernille enjoying some unique arctic activities during a trip to Greenland</em></p>
<p><img decoding="async" class="alignleft wp-image-25682 size-full" src="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Greenland.jpg" alt="" width="500" height="500" srcset="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Greenland.jpg 500w, https://tradeready.ca/wp-content/uploads/2018/02/PFB-Greenland-150x150.jpg 150w, https://tradeready.ca/wp-content/uploads/2018/02/PFB-Greenland-300x300.jpg 300w" sizes="(max-width: 500px) 85vw, 500px" /></p>
<p>“When I emigrated from Denmark, my “roots” took on a new meaning. I named the company I established “Kisserup International Trade Roots.” I did this quite intentionally. Roots is not a misspelling of Routes, and it’s not a coincidence.”</p>
<h2>Setting down new roots across the Atlantic</h2>
<p>Pernille came to Canada in 1998, settling in Halifax, Nova Scotia with her new husband, a lawyer and businessman who had set up a manufacturing plant in Bridgewater.</p>
<p>Like many of her fellow immigrants, she had left a successful professional career, credible achievements and a strong financial record behind, and had to start all over – even forced to retake her driver’s test.</p>
<p>“It baffled me and I wondered – why is there no international cooperation or agreement that can bridge the gap? Why wasn’t there any mutual recognition of international experience or qualifications? It was the very first time in my life I felt like a burden to someone, not an asset, and it was not a good feeling.”</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">Adjusting to the <a href="https://tradeready.ca/2017/fittskills-refresher/avoid-awkward-cultural-faux-pas-proper-research/">different culture</a> in Canada was the biggest thing for me, an area where I would learn the most, fail the most, and eventually succeed the most.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>“It was only after I moved to Canada that I learned there is no real word for ‘please’ in the Danish language. When I’d mentally translate what I wanted to say in English it would be, ‘Can you pass me the salt?’ or just ‘Pass me the salt’, with no ‘please.’ So, to many Canadians I came across as quite rude.”</p>
<p>“Like most Scandinavians, I was also a direct communicator and spoke my mind frankly. When you ask a Dane if they like your new haircut, they’ll say ‘no’ if they don’t, and that kind of directness takes Canadians by surprise. I went through quite a learning curve in my first few years in Canada.”</p>
<p>During her first few months in Canada, Pernille listened to CBC radio, crediting Shelagh Roger’s show <em>Sounds Like Canada</em> with teaching her valuable lessons about the people, lives, and cultures of her new home. She continues to draw on these lessons today, almost 20 years later.</p>
<h2>You never lose – you win or you learn</h2>
<p>Finding meaningful work in Canada was a daunting challenge as well. After meeting with the Danish Consulate in Halifax, Pernille realized that with limited resources available to her, she would have to take matters into her own hands.</p>
<p>“I realized that my curiosity, resourcefulness, and passion for business were all going to have to help me.&#8221;</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">My CV and previous experience would not land me a job. I was going to have to find a way to introduce myself.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>Pernille began writing letters to the top CEOs and entrepreneurs on the East Coast introducing her skills, background, experience and notably, the story of her journey to Canada. There was tremendous opportunity for <a href="https://tradeready.ca/2017/topics/import-export-trade-management/todays-shifting-global-business-environment-view-atlantic-canada/">Atlantic Canada businesses</a> to get involved in European markets, but there was very little interest at the time. In the late 1990s, over 80% of Canadian exports went solely to the U.S. market.</p>
<p>Pernille contacted each of the top 100 business leaders in Atlantic Canada, many of whom were helpful, offering valuable advice and introducing her to other well-connected individuals. Some were less receptive, one even discouragingly asking about her typing skills for a low-level position, despite her years of international business experience. But Pernille was not deterred.</p>
<p>“This experience taught me a valuable lesson: you never lose – you win or you learn.”</p>
<p>Ultimately the experience had a big impact on her career and gave her a great appreciation for the struggles of immigrants trying to make a life for themselves in a new country.</p>
<p>“I resolved to always make time for people. To this day, I spend five to ten hours per week mentoring immigrants, international students and small businesses all over the world. I have implemented a policy at my firm that everyone has to make time for mentoring, and that we will never turn away anyone who asks for a meeting.”</p>
<h2>Hard won success in Atlantic Canada</h2>
<p>Eventually she was able to secure some small consulting jobs, including designing an international brochure for Lord Nova Balsam Christmas Trees and a local blueberry grower looking to expand into the UK. She landed her first long term contract with Hawboldt Industries as a New Business Manager. Despite the significantly lower salary and lack of staff amenities she was used to in Denmark, she was thrilled to achieve her first major milestone as a new Canadian.</p>
<p>This position also came with more than its share of challenges. She was tasked with initiating and growing Hawboldt&#8217;s winch, crane and custom engineering business in the oil &amp; gas industry, fishing industry and shipbuilding and defence industry, all industries she had no previous experience with. These industries were also largely dominated by men, who had little time or respect for those that didn’t share their level of expertise. Fortunately, as in most things, Pernille was persistent and her warm relationships with her colleagues helped her to ease the transition to her new work.</p>
<p>Eventually Pernille began to get a hold on the energy and fisheries industries, making inroads with prominent companies, and the icy reception she had been receiving at many of her earlier sales calls started to thaw. As she learned and gained respect in the Atlantic provinces’ business environment, Pernille was able to orchestrate the acquisition of the present Hawboldt Newfoundland in 2000, turning the company around to profitability – a major feat. She credits much of her early success to her generous colleagues and mentors who helped her develop and reach her goals through their guidance and influence. This experience inspired her to focus Kisserup’s services around capacity building and helping other companies reach their potential.</p>
<p>Driven by her enthusiasm for her community in Nova Scotia, Pernille made the leap into politics in the early 2000s, landing the role of Chief of Staff to the Leader of the Opposition for the Nova Scotia Liberal Caucus.</p>
<p>“The chief of staff position turned out to be both the best and the worst job I ever had. It was the best because I learned so much in just a year, and the worst because I was on such a steep learning curve that I made lots of mistakes. The experience of this job helped me to see how people actually define who they are through politics and how deep an influence politics has on a country and province.”</p>
<h2>Finding the competitive edge to take Kisserup to the world</h2>
<p>Pernille went back to focussing on Kisserup, but despite her expertise and success landing projects in countries all over the world, she wasn’t finding much work locally in Nova Scotia, and she longed for more involvement with businesses at home.</p>
<p>“I wanted to bid on writing export strategy for the province I lived in, to build bridges between SMEs in Canada and internationally, and to influence the economic prosperity of my new home country.”</p>
<p><em>Below (right): Pernille on her way to Europe, a trip she makes frequently.</em><br />
<img decoding="async" class="wp-image-25679 size-full alignright" src="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Airport.jpg" alt="Pernille at the airport" width="330" height="500" srcset="https://tradeready.ca/wp-content/uploads/2018/02/PFB-Airport.jpg 330w, https://tradeready.ca/wp-content/uploads/2018/02/PFB-Airport-198x300.jpg 198w" sizes="(max-width: 330px) 85vw, 330px" /><br />
So Kisserup began the hard work of applying for international development funds for projects , which would allow the company to work predominantly with SMEs, building capacity and making an impact on people’s lives – exactly what Pernille had been passionate about doing from when she first landed in Canada.</p>
<p>In 2008, she decided to further educate herself to provide a competitive advantage for her firm.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">I found <a href="https://fittfortrade.com/fittskills-online-courses">the FITTskills courses</a> bridged a very important gap in international business and trade—hands-on trade. It teaches entrepreneurship, logistics, financing, research, marketing, and supply chain management.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>&#8220;It has a curriculum that no MBA or Master’s program does, it is solely oriented to international trade, and I was able to see firsthand how big of an impact students made in their companies upon completion of the courses.”</p>
<p>“In two clicks of a mouse, exporters could learn what trade tariff might be applied in a foreign market and what import duties they might face. That same year, after completing the program and submitting my application, I obtained the professional certification <a href="https://fittfortrade.com/certification">Certified International Trade Professional (CITP|FIBP) designation</a> and it propelled both my own professional career and my company’s procurement to new levels of success.”</p>
<p>The courses had a big impact on her career and she began teaching the FITTskills curriculum at Halifax’s World Trade Convention Centre. She also helped develop and edit some of the FITT curriculum. Ever since, Pernille has been a leading member of the FITT community.</p>
<h2>Combining personal and professional dreams is a recipe for success</h2>
<p>That same year, Kisserup expanded into Europe, opening an office in Copenhagen, Denmark.</p>
<p>“We could see the sheer size of the EU’s potential market, which included not just the UK, Germany and France. We saw the potential of the emerging markets too, and were one of the few Canadian companies recommending that clients expand to the EU, and not just because my roots were there.”</p>
<p>“However, I recognize now that what drives people personally is often a huge factor in their ability to succeed in business, and when current clients want to expand, we do ask if they have family they want to be closer to, or if there is an old dream to be realized by going to a specific market.&#8221;</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">I truly believe that if you can combine business with personal desires, it has the perfect potential for success.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>In 2012 Pernille came across an exciting opportunity to bid on a contract with the Government of Greenland to design training to get small business in Greenland involved in the country’s emerging energy industry. This fit perfectly with the expertise and mandate of Kisserup, but there was only one problem – the project was to be awarded to a Greenlandic company. Instead, Kisserup partnered with a local Greenland company and the project paved the way for them to work on future projects in the country. Once again combining her personal and the professional drive, Pernille opened an office in Greenland in the summer of 2016, a place that has a dear place in her heart and the lives of her ancestors.</p>
<p>It would be impossible to name all of the companies, individuals, development organizations, non-profits and communities Pernille and her Kisserup teams have influenced and impacted through her work worldwide and at home in Atlantic Canada. Through her work with SMEs, charities and <a href="https://tradeready.ca/2015/success-stories/how-right-training-and-mentors-guided-career-greater-heights/">mentorships</a> she has made a difference in people’s personal and professional lives, just as she always dreamed of doing from a very young age. This work has been recognized extensively at home and she was been the recipient of:</p>
<ul>
<li><strong>2007 Women of Excellence Award</strong>, Progress Club Halifax</li>
<li>Nominated for <strong>RBC Canadian Women Entrepreneur Award</strong> each year from <strong>2007-2017</strong></li>
<li>Appointed <strong>Nova Scotia’s SME Representative (SME) Federal Advisory Board, Reporting to the Federal Minister of International Trade and Foreign Affairs.</strong></li>
<li><strong>2014 Top 25 Women of Influence by Women of Influence Canada ©</strong></li>
<li>Appointed to the <strong>Atlantic Growth Advisory Group 2017</strong></li>
</ul>
<p>Despite having seemingly seen and done it all, Pernille is still learning valuable lessons about international business every day.</p>
<p>“I was in the Netherlands, just a few weeks back, doing matchmaking for a Nova Scotia delegation, two Dutch business people said to me, ‘We really do like Canadians, but we like to business with the Americans better’. I was flabbergasted. Truly. I asked them why. They said Canadians are so polite, you never know what they really think. They never really say no, they never really want something, it’s always middle of the road, balanced, no excitement and no rejection. That was news to me. After 20 years in trade, it was an eye opener. But digging into my Danish roots and culture, I actually understood what they meant. Culture is so important.”</p>
<p>When asked if she could go back in time to the beginning of her career and give herself one piece of advice she provided a simple but telling answer.</p>
<blockquote class="blockquote_end style01" align="left">
<span>
<p class="end-quote">Get a mentor and BE a mentor! Always ask questions or do the research when you don’t know the answer.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>Pernille stands as a stellar example of what immigrants can contribute to their new home country, and what a little persistence and positivity can reap for those brave enough to persevere. As she continues to grow Kisserup and serve as a mentor and leader to the SMEs all over the world, we are proud to call her a friend of FITT and an inspiration to the international business community.</p>
<p><strong>Want to get in touch with Pernille and her team? You can reach her online at:</strong></p>
<p><a href="https://www.kisserup.com">kisserup.com</a><br />
<a href="https://www.pernillefischerboulter.com">www.pernillefischerboulter.com</a><br />
<a href="https://twitter.com/PFB6?lang=en">Twitter </a><br />
<a href="https://www.linkedin.com/in/pernille-fischer-boulter-b983061/">LinkedIn</a></p>
<div class="grey_box" style="width:100%;">
<div class="grey_box_content">
This story contains excerpts from Pernille’s memoir <a href="https://www.amazon.ca/dp/B077PLP49Q/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">Tales From an Immigrant Entrepreneur: One Woman’s Story</a>. 
</div>
</div>
<p>The post <a href="https://tradeready.ca/2018/featured-stories/from-landed-immigrant-to-entrepreneur-and-community-leader-this-is-pernille-fischer-boulters-inspiring-story/">From landed immigrant to entrepreneur and community leader – this is Pernille Fischer Boulter’s inspiring story</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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		<desc_link>https://tradeready.ca/wp-content/uploads/2018/02/PFB-Headshot.jpg</desc_link>	</item>
		<item>
		<title>Top 4 Tips to Grow Your Business Internationally</title>
		<link>https://tradeready.ca/2017/trade-takeaways/top-4-tips-to-grow-your-international-business/</link>
					<comments>https://tradeready.ca/2017/trade-takeaways/top-4-tips-to-grow-your-international-business/#respond</comments>
		
		<dc:creator><![CDATA[Daniella D'Alimonte]]></dc:creator>
		<pubDate>Mon, 10 Apr 2017 14:12:04 +0000</pubDate>
				<category><![CDATA[Global Trade Take-Aways]]></category>
		<category><![CDATA[Import Export Trade Management]]></category>
		<category><![CDATA[Atlantic Canada]]></category>
		<category><![CDATA[Barrie Reid]]></category>
		<category><![CDATA[FITTskills]]></category>
		<category><![CDATA[global trade]]></category>
		<category><![CDATA[international business]]></category>
		<category><![CDATA[Nova Scotia Community College]]></category>
		<guid isPermaLink="false">http://test.tradeready.ca/?p=3949</guid>

					<description><![CDATA[<p>There are four main international business tips that I continually try to instill in the students and companies I work with that will give them the best opportunity for growing their businesses.</p>
<p>The post <a href="https://tradeready.ca/2017/trade-takeaways/top-4-tips-to-grow-your-international-business/">Top 4 Tips to Grow Your Business Internationally</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p style="text-align: left;"><img loading="lazy" decoding="async" class="alignleft size-full wp-image-22874" src="https://tradeready.ca/wp-content/uploads/2013/07/business-entrepreneur.jpg" alt="Female entrepreneur looking at laptop" width="1000" height="667" srcset="https://tradeready.ca/wp-content/uploads/2013/07/business-entrepreneur.jpg 1000w, https://tradeready.ca/wp-content/uploads/2013/07/business-entrepreneur-300x200.jpg 300w, https://tradeready.ca/wp-content/uploads/2013/07/business-entrepreneur-768x512.jpg 768w" sizes="auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></p>
<p style="text-align: left;">After 25 years of working with international businesses and 14 years of teaching students how to do global trade, Barrie Reid knows a thing or two (or four) about how to grow a business into foreign markets.</p>
<p>Barrie from New Glasgow, Nova Scotia and tought the <a title="FITTskills international business program" href="https://www.fittfortrade.com/fittskills-program">FITTskills</a> international business program at the Nova Scotia Community College in Truro. He also delivers global trade presentations and does consulting work for government agencies, World Trade Centers and businesses across the Atlantic Canada region.</p>
<p>“There are four main things that I continually try to instill in the students and companies I work with that will give them the best opportunity for growing their businesses internationally,” he says.</p>
<h2><strong>1) Export Readiness: Have a checklist to see if you are ready.</strong></h2>
<p>You have to realize that you can’t just choose a country and start doing international business. It’s a <a href="https://tradeready.ca/2017/topics/market-entry-strategies/simplify-market-entry-strategy-9-step-checklist/">strategic decision</a> that your company makes to grow the business. And when you make that decision you have to be sure you have the right building blocks and a strong foundation in place to support your business going international.</p>
<p>Barrie recommends reviewing your company’s export readiness with a well thought-out checklist. Your list should include questions such as:</p>
<ul>
<li>Have you formed relationships with qualified freight forwarders?</li>
<li>Have you researched the business environment in the foreign market, and do you have a bank that can do international currency exchanges and letters of credit for your company?</li>
<li>Do you have the capacity to fill large orders when the time comes?</li>
<li>Are you aware of the government agencies that can offer assistance for your industry segment?</li>
<li>Do you have employees with <a href="https://tradeready.ca/2015/inside-stories/top-7-important-skills-that-global-trade-professionals-need-to-master-according-industry-experts/">international business skills</a>, and what additional skills do you need?</li>
</ul>
<p>“If your company is not export ready, whether it’s related to the key tasks or functions that need to be in place, or it’s your mental attitude toward international business, you’ll struggle to get a foothold in this industry,” he warns.</p>
<h2><strong>2) Market Segmentation: Know your customer.</strong></h2>
<p>You can’t be everything to everybody. So whether he’s teaching in classrooms or boardrooms, Barrie always goes over the importance of looking at the geography of your company’s potential business, zeroing in on a city or smaller population, and then breaking down all the various opportunities for your product or service.</p>
<p>“Do the <a href="https://tradeready.ca/2016/topics/researchdevelopment/5-best-sources-use-initial-market-research/">research in each market segment</a> to see what the customers want, who the competition is and what the entry barriers are. Then, pick a segment where you have a definite competitive advantage and go in there first. By doing this, there’s a really good chance that you’re going to be successful and get some traction.”</p>
<p>While it may seem like you’re only hitting a narrow portion of your potential market by using this strategy, starting small like this gives you the opportunity to get well-established, and then you can start expanding into other market segments.</p>
<h2><strong>3) Market Entry Choice: Make sure to align with the right partner.</strong></h2>
<p>Once you’ve found your market and the opportunity that’s right for your business, <a href="https://tradeready.ca/2014/fittskills-refresher/pros-cons-using-agents-vs-distributors-international-market-entry-strategies/">pick a partner</a> that can really support your entry, be they an agent, distributor, joint venture or can you enter on your own?</p>
<p>“Many companies don’t think this through well enough, and they don’t treat it as a strategic decision,” says Barrie. “They go on a trade mission or they answer an email and they find somebody who tells them all about the connections and opportunities they can provide. So the company grabs this person right off the bat without doing any research, and can easily end up with a partner and a market entry strategy that doesn’t meet their needs.”</p>
<div class="toggle-box"><h3 class="toggle-title sws_toggle1">Learn more about the FITTskills Program</h3><div class="toggle-content"></p>
<h4><strong>Who is it for?</strong></h4>
<p>Developed by business for business, FITTskills meets the needs of those who are</p>
<ul>
<li>seeking to enhance their import-export career standing,</li>
<li>new to exporting or importing,</li>
<li>and those who simply want add to their expertise or gain valuable educational credits.</li>
</ul>
<p><a href="https://www.fittfortrade.com/fittskills-online-courses"> Learn More about FITTskills</a> </div></div>
<p>So how do you find the best market entry choice for your company?</p>
<p>“A lot of times it’s driven by the type of product or service you offer and the entry barriers,” says Barrie.</p>
<p>For example if you sell frozen seafood products, then you need a partner that can help you secure the proper storage facilities and distribution channels in your target market. If you’re entering a foreign market where you don’t speak the language then a partner fully fluent and well-versed in the <a href="https://tradeready.ca/2016/topics/market-entry-strategies/5-reasons-address-cross-cultural-competence-shortcomings-sooner/">cultural nuances</a> of doing business in that market would be ideal. Know your competitive advantage, choose the right market segment and then pick a partner that’s right for you.</p>
<h2><strong>4) Closing the Deal: Know how to sell.</strong></h2>
<p>You can do everything right in terms of your export readiness, including finding an opportunity, selecting the right market entry choice and planning the logistics, but if you don’t have the <a href="https://tradeready.ca/2016/topics/researchdevelopment/7-skills-every-international-business-development-professional-needs-master/">selling skills</a> to back it all up then you’ll have a lot of trouble building a successful long-term international business.</p>
<p>In fact, closing the deal is one of the main reasons why a lot of companies don’t have success going international, says Barrie.</p>
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<p class="end-quote">“These companies are started by brilliant engineers, accountants, or R&amp;D professionals, but they don’t always have an understanding of how to interact on a one-on-one basis with their foreign customers.”</p>
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<p>Cultural awareness and an understanding of how to negotiate and sell in your target market are two things that are hugely important when it comes to closing the deal, along with patience.</p>
<p>“So there’s export readiness, market segmentation, market entry choices and closing the deal,” reiterates Barrie. “If you have these four things in place and if you have a good product that is competitive and in demand, then everything else tends to fall into place.”</p>
<p><strong>Do you agree? Have anything else that you think is important to add to this list?</strong></p>
<p>The post <a href="https://tradeready.ca/2017/trade-takeaways/top-4-tips-to-grow-your-international-business/">Top 4 Tips to Grow Your Business Internationally</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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		<title>Today’s shifting global business environment – a view from Atlantic Canada</title>
		<link>https://tradeready.ca/2017/topics/import-export-trade-management/todays-shifting-global-business-environment-view-atlantic-canada/</link>
					<comments>https://tradeready.ca/2017/topics/import-export-trade-management/todays-shifting-global-business-environment-view-atlantic-canada/#respond</comments>
		
		<dc:creator><![CDATA[Bernadette Fernandes]]></dc:creator>
		<pubDate>Tue, 07 Feb 2017 13:50:38 +0000</pubDate>
				<category><![CDATA[Import Export Trade Management]]></category>
		<category><![CDATA[Atlantic Canada]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[free trade agreements]]></category>
		<category><![CDATA[Global Business Environment]]></category>
		<category><![CDATA[market entry]]></category>
		<category><![CDATA[NAFTA]]></category>
		<category><![CDATA[protectionism]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[TPP]]></category>
		<category><![CDATA[trade barriers]]></category>
		<category><![CDATA[trade policy]]></category>
		<guid isPermaLink="false">http://test.tradeready.ca/?p=22405</guid>

					<description><![CDATA[<p>In today’s global business environment there are new government policies to grapple with; and as if that’s not enough to navigate, there are the near constant changes in government that also affect trade agreements. </p>
<p>The post <a href="https://tradeready.ca/2017/topics/import-export-trade-management/todays-shifting-global-business-environment-view-atlantic-canada/">Today’s shifting global business environment – a view from Atlantic Canada</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="aligncenter wp-image-22408 size-full" src="https://tradeready.ca/wp-content/uploads/2017/02/View-from-Atlantic-Canada.jpg" alt="View from Peggys Cove Lightouse in Halifax, Nova Scotia, Canada - global business environment" width="1000" height="633" srcset="https://tradeready.ca/wp-content/uploads/2017/02/View-from-Atlantic-Canada.jpg 1000w, https://tradeready.ca/wp-content/uploads/2017/02/View-from-Atlantic-Canada-300x190.jpg 300w, https://tradeready.ca/wp-content/uploads/2017/02/View-from-Atlantic-Canada-768x486.jpg 768w" sizes="auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px" /></p>
<p>Global trade is not your great-grandfather’s trading post anymore. Sure, we’ve always had trade. In fact, we’ve been trading for as long as we’ve been civilized. But up <a href="https://tradeready.ca/2015/trade-takeaways/four-ways-international-trade-changed-one-hundred-years/">until more recently</a>, there were a lot more of what I call “gentlemen’s agreements” (informal agreements between countries) than formal FTAs like CETA and NAFTA.<span id="more-22405"></span></p>
<p>In today’s <a href="https://fittfortrade.com/global-business-environment">global trade environment</a> there are also government policies to grapple with; and if that’s not enough to navigate, there are the near-constant changes in government that also affect trade agreements.</p>
<p>Changes in government, such as the outcome of the recent U.S. election, can also bring major shifts in policy, like President Trump’s rejection of the TPP free-trade deal.  Now, we know change isn’t always a negative thing, as sometimes it can bring opportunity. But sometimes it can also bring uncertainty, which is not a good scenario for those engaged in expanding their markets.</p>
<blockquote class="blockquote_end style01" align="left">
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<p class="end-quote">Imagine, people running around aimlessly making ill-informed decisions, decisions made out of fear and panic. DON’T PANIC.</p>
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<h3>So, what does this mean for North American businesses?</h3>
<p>U.S. companies are looking for clients in their own domestic market, because of the uptake in the “<a href="https://tradeready.ca/2016/trade-takeaways/3-reasons-why-you-shouldnt-buy-local/">buy local</a>” movement and uncertainty elsewhere. Conversely, companies in other markets, such as Canada, are looking to diversify their markets, and quickly, in order to protect their revenue stream.  After all, at $350 billion in exports, the U.S. is Canada’s biggest trading partner by a landslide (Canada’s second biggest trade partner is the EU at a distant $40 billion). If they’re not buying, we must quickly find who is, to sustain our economy.</p>
<p>Take Atlantic Canada, for example. If the U.S. steers sharply to the <a href="https://tradeready.ca/2016/trade-takeaways/face-off-buy-local-vs-buy-global/">“buy local” movement</a>, who is going to buy our steady demand of seafood, lumber, agri-food, oil/energy, metal ore, and manufactured goods?  If we can’t export across a land border, because of new duties or restrictions being imposed, what does that do to the cost of exporting across an entire ocean?</p>
<p>Even for agreements that have not been squashed, such as <a href="https://tradeready.ca/2016/trade-takeaways/5-things-need-know-ceta/">CETA</a> (between Canada and the European Union), the phasing out of tariffs will take several years. Our major industries will have to figure out how to restructure themselves quickly to rely less on the movement of exports across U.S. borders.  And it’s not just the movement of exports that is affected, but also the movement of people and labour.</p>
<blockquote class="blockquote_end style01" align="left">
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<p class="end-quote">Yet, as we concern ourselves with our volume of exports, with an aim to increase that volume to create jobs, we also need to think about the volume of imports.</p>
<p><cite></cite></p>
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<p>Ideally both will be increasing, because an expansion of two-way trade means that we are nurturing not only our own job-creating industries, but also our consumers, whose standards of living are improved when they have a wealth of affordable imports to choose from.</p>
<h3>Protectionism only hurts those it aims to protect</h3>
<p>Falling back into a mode of <a href="https://tradeready.ca/2017/topics/import-export-trade-management/imports-do-not-kill-jobs-protectionism-does/">protectionism is a bad idea</a>.  First of all, who pays the cost of any tariffs we impose on imports?  It is our own consumers who are punished with higher costs.  Secondly, if we are depending on making imports pricier (or on making our currency cheaper) to support an increase in export manufacturing, we must remember that we are also increasing the prices that our manufacturers must pay for any imported inputs into their production process.</p>
<blockquote class="blockquote_end style01" align="left">
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<p class="end-quote">The interplay of global trade in supply chains has become so important that we should be careful not to shoot ourselves in the foot as we attempt to give ourselves a boost up.</p>
<p><cite></cite></p>
</span>
</blockquote>
<p>On the other side of the Atlantic, the <a href="https://tradeready.ca/2016/topics/international-trade-finance/can-global-business-manage-brexit-risks/">Brexit</a> disrupted global markets, including currencies, and caused the British pound to fall to its lowest level in decades. On the bright side for Canada, this could create an opportunity for Canadian exporters to fill the void in the EU left by Britain’s exit. Assuming that the EU boycotts Britain’s exports, currently valued at £130 billion (compared to Britain’s exports to non-EU valued at £170 billion), this may also open a door for Canada to grow their exports to the EU.</p>
<h3>In times of uncertainty, stay balanced</h3>
<p>It seems clear we are entering what may be a difficult era in global trade, perhaps even of trade wars and currency wars, where many economies are convinced they must export their way to prosperity.  But danger lies in the fact that rewarding protected industries and their employees may involve punishing the citizens at large, with higher prices and fewer choices.</p>
<p>It is a complex balancing act, one often oversimplified by politicians and economists alike.  And any balance is subject to dramatic shifts as oil and commodity prices rise and fall, exchange rates shift, potential recessions and financial crises loom, and <a href="https://tradeready.ca/2017/topics/supply-chain-management/risk-automation-transition-growing-jobs/">robotics and technology</a> take their toll on some traditional jobs.</p>
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<div class="grey_box_content">
 Disclaimer: The opinions expressed in this article are those of the contributing author, and do not necessarily reflect those of the <a href="https://fittfortrade.com/">Forum for International Trade Training</a>. 
</div>
</div>
<p>The post <a href="https://tradeready.ca/2017/topics/import-export-trade-management/todays-shifting-global-business-environment-view-atlantic-canada/">Today’s shifting global business environment – a view from Atlantic Canada</a> appeared first on <a href="https://tradeready.ca">Trade Ready</a>.</p>
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