How can global entrepreneurs overcome their biggest challenges?

17/07/2017

overwhelmed business man

overwhelmed business man

It’s no secret that starting a business from the ground up comes with an abundance of challenges. Founders must face and overcome challenges in financing, risk mitigation, market entry and recruitment, to name only a few. But global entrepreneurs add to that laundry list of obstacles with cross-border shipping, global supply chain management, international laws and regulations, language and culture differences – I could go on!

Fortunately, there are some brave, ambitious souls out there who face these challenges head-on and boldly stride into the global marketplace. To get a glimpse into the situations global entrepreneurs face and put our fingers on some great solutions, we assembled a panel of experts who have been there, done that, and are helping others successfully enter international waters as global business owners.

They shared their insights in this month’s #TradeElite Twitter chat. Here’s what they had to say.

Moderator:

Sara Haq (@SH_Intl), Founder and Principal of SH International, helping entrepreneurs build profitable multinational businesses through training, and partnerships, based out of Washington, DC.

Panelists:

Nicole Verkindt (@OffSetMarket) – Founder, OMX, “Dragon”, Next Gen Den, Panellist, CBC News, The Exchange based out of Toronto, Canada

Tanita Alexandridis, CITP (@TanitaAlex1) – Sr. Associate, Advisory Services, Export Development Canada based out of Ottawa, Canada

Lynnette Wennerstrom (@thisisLynnette) – Globalization consultant and project management specialist based out of Washington, DC

Amy Karam (@AmyKaram) – Author, speaker, instructor and global expansion and competitive strategy consultant based out of Ottawa, Canada

Adam Wood (@Woody_at) – CEO of GCS Group, Co-founder of Certifiedby.com specializing in helping businesses with credit, risk, and compliance based out of Melbourne, Australia

Let’s get it all out there – what are the biggest challenges faced by global entrepreneurs?

That’s a lot of confidence. Off to a good start.

What do you see ALREADY working for global entrepreneurs in terms of overcoming their challenges?

Who is responsible and/or the most capable of helping global entrepreneurs overcome their challenges?

What are the most hidden challenges of global entrepreneurship? When entrepreneurs struggle quietly, or without resources?

What differences in challenges are there for global entrepreneurs in US/ Canada vs. in places like India and Brazil?

Which types of financing are the most supportive of the global entrepreneur?

In what way can global entrepreneurship make this world a better place? Should that be the goal of a global entrepreneur?

What final words of inspiration do you have for global entrepreneurs facing difficult situations?

Read the rest of the chat and follow future discussions by following the #TradeElite hashtag. Stay tuned for the next #TradeElite chat, coming up Thursday, August 10 at 2:30-3:30PM ET.

About the author

Pamela Hyatt

Author: Pamela Hyatt

I am a Content Marketing Specialist for the Forum for International Trade Training (FITT). You can find some of my work on TradeReady.ca. My background is in copywriting, journalism and social media. My passion lies in connecting people to the stories that are most important to them.

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