Today in Global Small Business: Pivoting Saves a Global Small Business -Small Business

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What's affecting me, my clients, my colleagues and other global small business owners:

Colorado-based New Age Beverage acquired a $6.8 million Paycheck Protection Program (PPP) loan on April 14, during the first round of loan approvals of funds from the SBA. New Age is among dozens of publicly traded companies across the country that have received the small-business loans. At least 14 of these publicly traded companies are based in Colorado. Review more here – it's disturbing.
Small businesses across the United States face dire circumstances following the COVID-19 outbreak. While each individual small business might seem inconsequential to the broader economy, in aggregate, these firms are critical to the country’s financial well-being.
Quote of the week: “Sometimes you have to see it to be it; you have to know something is a career option in order to aspire to it,” Hannah Storm, an anchor at ESPN’s “SportsCenter,” wrote in an email. “Which means someone has to be first. That was Phyllis George — a true trailblazer.” Note: Trailblazing sportscaster and former Miss America Phyllis George passed away, May 16, 2020; may she rest in peace.
Pivoting to make plexiglass ‘sneeze guards’ for retailers saves a [global] small business in Michigan.
Small businesses will need to find innovative ways to mitigate economic impact due to COVID-19.
Global Graphics' owner Jason Withrow and his team wanted to do something to encourage businesses to stay strong during these uncertain times. Here's what he did.

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Today in Global Small Business: Pivoting Saves a Global Small Business -Small Business

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Rethinking Export Controls in a New Era-Small Business

©iStock/gorodenkoff "Export controls can be a formidable tool to protect technological advantage and to deter illiberal and dangerous use of technologies," says Martijn Rasser. Used properly for their intended purpose—to affect the military potential of a foreign country, to advance major foreign policy objectives, or to fulfill international obligations—export controls can bolster U.S. national security.(1) (1.) U.S. House of Representatives, Export Control Reform Act of 2018, H.R. 5040, 115th Congress, https://www.congress.gov/bill/115th-congress/house-bill/5040/text. Rasser says to revamp export controls for this new era—a global strategic competition with technology at its core—U.S. policymakers should focus on three tenets for implementation. Work with allies. Raise the threshold. Reframe the goal. Read the entire (and very thorough) commentary: Rethinking Export Controls: Unintended Consequences and the New Technological Landscape. from The Glob

Today in Global Small Business: How SMEs Are Unlocking Global Growth-Small Business

©iStock/chombosan What's affecting me, my clients, my colleagues and other global small business owners: How SMEs are unlocking global growth -- brought to you by American Express and Oxford Economics. Familiarize yourself with e-commerce company noon . The world's biggest arms importers since 1950 ( infographic ). Learn why international payments capabilities is an underrated component of expansion. Trade tensions threaten global trade outlook according to OECD . Pay a visit to Women Entrepreneurs GROW Global (WEGG) , a 501(c)(3) nonprofit organization where women are learning how to expand their business internationally. Attend the next WEGGinar™, Wednesday, May 9 at 11:00 a.m. Central Time: Building Your Global Brand Through Podcasting and presented by Kathrin Bussman, Ph.D., founder and principal, Verbaccino. Kathrin will give us an earful on how to approach podcasting as a content-marketing effort and how to put one one. It’s FREE of charge, thanks

PayPal Extends Its Global Reach by Buying iZettle-Small Business

©iStock/Panya_sealim Holy cow! PayPal has reached a deal to buy iZettle , Europe’s answer to the mobile payments company Square, for about $2.2 billion. PayPal’s chief executive, Dan Schulman, says, "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile." The deal is considered the company’s biggest takeover — and would underscore the arms race in the world of payments, especially as digital and mobile transactions are increasingly being adopted across the world. Read more about PayPal agreeing to the $2.2 billion deal for European payments start-up iZettle . from The Global Small Business Blog https://ift.tt/2KwZ3Lh PayPal Extends Its Global Reach by Buying iZettle-Small Business

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