Finance

Hit By a Bus

AmeriStart - Business Paperwork

It doesn't make for pleasant conversation, but it happens every day...
Business owners die
.

And even as they pass on to the great balance sheet in the sky, their worldly business goes on... for better or worse.

I call this the "hit by a bus" problem, and it's something we will all face:  

What will happen to your company if you get hit by a bus?

The Speed of Business in America

America is the land of fast food, fast cars, and fast business.  The title of a popular movie a few years ago was "The Quick and the Dead"...  That about sums up the business culture here -- In America your business can be quick or you can be dead.

  • YouTube is fast -- in just 5 years they've grown to serve 2 Billion customers a day.
  • Apple is fast -- just 4 weeks after launching the iPad, the company announced the second generation

This is not just a cultural phenomenon, it is an established economic reality.  The market is changing faster than ever and opportunities do not last long.  How does this translate into your business?  Good question.  Here's 5 ways to speed up your business and satisfy your American customers....

The TRUE Cost of Employees in America

Hire with care... it costs more than you might think! 

American Employees cost more than you might thinkHiring employees in America may be the best way to growing your business here.  But it may also be the most expensive.

Before you hire, be aware that the cash compensation (wages, salary, bonus, commissions) is only one part of the true, total cost of having an employee in the USA. 

Top 10 Mistakes Made When Entering the USA

These are the top 10 mistakes international companies make when they come to the USA market.

Mistake 1. There is no strategy or plan in place.

If you think:

  • “North America is a huge market it will be easy to make money in North Amer”
  • “Every one is just waiting for my call”

The reality is:

  • The market is too big and too fragmented
  • It is the most competitive market in the world
  • The competition is not only Americans, but also all other international companies who are in the market

Now, ask yourself these questions:

The REAL Cost of a USA Office

Business CostAre you planning to open an office in the USA in the new year?  If so, you may be in for a shock at the rising cost of opening and maintaining an office here.

True, the recession has made office space less expensive: Some foreign companies I know are anxious to buy an office here while prices are low.

And yes, high unemployment has made hiring a little easier and cheaper. But these short term savings mask some of the medium term costs for foreign companies who are contemplating market entry to the USA.  Consider these 3 facts:

Case Studies: 3 ways to enter the USA market

Recently I met with 3 different manufacturers of solar panels.  All are from Spain, and all want to enter the USA market.  Their approaches are very different, and I think that their results will also be very different.  One will undoubtedly find success.  One will undoubtedly fail.  And one will probably limp along until they get either lucky or tired.  When you think of doing business in America, which approach will you use?

Approach #1: Certain Failure.

Chinese Solar Co's Having a Hard Time

So... You think China will take over the Solar PV market...?  Think again.

I spoke recently with Jack Meng, the Chief Representative and co-founder of Fire Energy in Beijing.  His up-to-the minute assessment of the China PV manufacturing industry was insightful...and surprising.

Here are the 3 big suprises I learned from Jack Meng (Thank You Jack!):
 
SURPRISE #1

Year End: Obstacles and Opportunities for Foreign Companies in USA

2008 is behind us, and there's no better time to dig into the financial benefits of having a US office. If you are a foreign company with operations in the USA, you should understand some basics of the US Tax and accounting laws, and consider how you can use your foreign status to your advantage.

DIFFERENT YEAR END

India Pharma Companies: The USA is calling.... will you answer?

I don't usually blog or brag about our company, but I'm so proud to tell you that AmeriStart is the lead sponsor of a major Pharmaceutical industry event in India next week**.  We'll be discussing How Indian Companies can Profit in the USA Market.

How to Budget for Trade Shows

Autumn is here, and with it comes Trade Show Season.  Since Trade Shows are a big financial committment, it seems appropriate to discuss the one phrase I hear more than any other at this time of year.  "It's all worth it if you just get one customer..."

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