Growing Your Business Globally, World Trade Day and Currency Exchange on International Business Radio

Guests on this episode:

Dr. Diane Alleva Caceres, CEO of Market Access International
Founder and Chair of the World Trade Day Conference in Georgia

International trade, investment and organizational growth work in Europe, Canada, Pacific and emerging markets in Latin America, Africa, Asia, Middle East, Central & Eastern Europe.

Founded Market Access International, Inc. in Atlanta, GA in 1997. Company is an international trade & investment development firm with both private and public sector clients (USAID, USTDA, foreign economic development agencies, international financial institutions). Prior to founding MAI, worked in Washington, D.C. for 8 years in this field. 

Specialties: International business development; SME global growth; Foreign Direct Investment strategies and workplan implementation; Market Assessments & Strategies; International Finance Mobilization; Mentoring; Corporate Growth

Diane on Linkedin:  https://www.linkedin.com/in/dianeallevacaceres


Juan Pablo (JP) Carriedo, CEO of Tempus

Specialties: Banking management and compliance; credit and market risk assessment; M&A; corporate strategy consulting; international payments; currency foreign exchange; hedging solutions.

Juan Pablo on Linkedin:  https://www.linkedin.com/in/jcarriedo



Topics Discussed in this Episode:
- What are the pros and cons to growing your business globally?
- World Trade Day – celebrates economic growth, promotes and honors the international trade community and their contributions to the economic power of our region.
- What to consider before deciding to expand your business internationally?
- Once you decide to go global, how can you protect and maximize your profit margins?
- One of the more significant effects that the internet has had for businesses, small and large, is the ability to reach an international audience and grow their business globally.
- What are the benefits and drawbacks of doing so?
- Anyone can do this, even from the comfort of their home, but just because you can doesn’t mean everyone should.
- Advantages: companies finding high quality products and services at competitive prices, which can enhance domestic competitiveness marked up from their bank and then attributed extra 2-3 percent in order to protect themselves against any currency market fluctuations.
- Often people think converting money equates to a loss, this isn’t necessarily true. Certainly unexpected currency fluctuations can destroy your profits, but it can also produce a windfall. The relative strength of the US dollar against the currencies in the countries you supply can make your products and services either expensive or inexpensive. This can be controlled through currency hedging, but unless you know a great deal about this, it is always wise to seek
the consultation of a professional currency trading firm.
- International credit card transactions and regional bank rates can prove to be problematic and costly. It's about making the right decision at the right time regarding global payments to positively affect profits. That's where Tempus brings specialized expertise. Keeping companies informed of current activity in the global markets so they can make the right decisions regarding global payments in order to positively affect profits. Tying it back to the beginning of the podcast about the internet revolutionizing the way we do business, companies need to find robust online platforms that can keep up with growth and offer an easy-to-use interface, which is exactly the basis for the Tempus online trading platform.

What should a business owner consider before deciding to expand their business internationally?

Business owners must consider many factors when determining whether to expand a business globally. In addition to developing a business plan and defining your short, mid, and long term strategies, you need to ensure the organization is ready for the cultural differences whether it is language, regulations, policies and procedures, there is no one size fits all strategy. It’s always best to consult global experts. Business owners should focus on those things that only they can do and turn to specialists to handle other aspects to ensure success. For example, as JP was saying earlier, when dealing with global vendors or clients, currency fluctuations can have a major impact on a business’s bottom line – something that new global business owners may not realize/account for. As a result they should identify a trusted partner to help guide them through this aspect of doing business globally.

 We’ve covered a lot in these 30 minutes and while there is great potential for business to expand their operations globally it experts like Tempus and Market Access International that can maximize those returns on investments. Thank you again to our guests Diane, JP and to you the listener for tuning in to this episode of International Business Radio sponsored in part by Tempus.



More about the show, moderator and sponsors:

International Business Radio interviewing industry and thought leaders from around the world with compelling stories generating relevant content on current business trends live from the Pro Business Channel studios in Atlanta. In addition to the live broadcast, IBR content is in distribution across multiple syndicated platforms with more than 500,000 downloads.

Show Moderator:
Tom Rosseland, Consulate of the Kingdom of Sweden

Organization / Company Name: 
Bodker, Ramsey, Andrews, Winograd & Wildstein, P.C.

- I represent clients engaged in all areas of business, including heavy equipment financing and leasing companies, retail and wholesale distribution businesses with credit facilities, and importers of high quality and high-value products for the consumer and business markets. These clients are based in and operate on the local, regional, national as well as international level. Over the past 26 years of legal practice, I have worked with and successfully handled a wide array of complex legal matters for individual and corporate clients, with a dedicated focus on achieving client goals in a manner aligned with the client’s values, goals, and vision.

- Early in my career, I served as in-house counsel for Exxon Corporation (now ExxonMobil). My experience as in-house counsel for a global corporation has provided me with a unique sensitivity to the needs of business clients and their in-house counsel.

- I hold licenses to practice law in Georgia, South Carolina, Texas and the District of Columbia. 

- As the son of immigrants to the United States, I also have an awareness of the unique needs of immigrants seeking to establish, expand, or acquire business operations in the U.S. and an appreciation of the challenges facing inbound investment.

Specialties: - International Law
- Contract Negotiations
- Complex Business Litigation
- Trade Secret Disputes
- Employment, Non-Competition & Non-Solicitation Agreements
- Workouts, Restructurings and Bankruptcy Creditor's Rights
- Commercial Litigation
- Business Divorces
- Commercial Construction
- Heavy Equipment Finance and Leasing
- Creditor's Rights
- Credit Litigation
- Post-Judgment Collection

Web Site / Social Media Links:

https://www.linkedin.com/in/tomrosseland

https://brawwlaw.com/attorney-profiles/thomas-rosseland

https://www.globalatlanta.com/sweden-names-longtime-attorney-new-honorary-consul


This episode of International Business Radio made possible in part by:

Tempus: “Simplifying Global Payments in Over 130 Currencies”
for more info visit: www.tempusfx.com

Check out more episodes visit:
www.InternationalBusinessRadio.com

To view guest photos from this show, visit:
www.ProBusinessPictures.com