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Going global - What smart entrepreneurs need to know: From the latest PROFIT/BMO Business Coach podcast
Sep 9, 2008
TORONTO, Sept. 9 /CNW/ - Thinking of going global? As the economic doldrums blanket many parts of North America, many savvy entrepreneurs are doing just that in a bid to capitalize on the growing demand for goods and services in established and emerging markets around the world. Indeed, geographic diversification is one route to a more profitable and sustainable business, especially in tough times. However, besides cultural considerations, there are other challenges and potential pitfalls in dealing with multiple countries, especially in the realm of corporate finance. Join Ian Portsmouth, editor of PROFIT Magazine, and Marnie Kinsley, executive managing director of Global Treasury Management for BMO Capital Markets, as they discuss:- How does corporate finance change when you begin exporting (currency complications and risks; potential payment fraud)? - What's the potential impact of these changes if they aren't well-managed? - Under what circumstances does it make sense to have foreign currency accounts? - What other electronic solutions can exporters take advantage of (for example, various electronic payment systems)?The Business Coach podcast offers insight and information to help entrepreneurs run their small business better. Launched in October 2006, The Business Coach podcast is available for download from iTunes, bmo.com and PROFITguide.com. The Business Coach is co-produced by PROFIT Magazine and BMO Bank of Montreal. Previous episodes of Canada's leading podcast for small business include: The ABCs of Generation Y, Recession-proofing, Lessons from the Dragons' Den, Personal Finance, Better Workplaces, Social Media, Tax Planning, Going Global, Retire Rich, Cash Management, Fortune Hunters, Economic Outlook, Search Engine Optimization, Selling Your Business, Marketing Taglines, Currency Hedging, IT Security, Community Investment and Small-Business Branding. The Business Coach podcast is offered in both English and French. The English-language interviews are hosted by Ian Portsmouth. L'actualité magazine's Pierre Duhamel leads the French-language episodes. About PROFIT PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at http://www.profitmagazine.ca.