There seems to be a shift coming in the global economy. China should replace the United States by 2015 as the largest economy on a worldwide scale. This implies that the trends of the global economy will shift, and businesses will essentially be chasing a moving target as economic shifts strike like earthquakes in emerging markets. Since the year 2000, Canada’s and Mexico’s economies have increased by a third, where China’s has tripled. Many CEOs are concerned that new market entrants will threaten their fairly solid positions, and the rebalancing of the powers will influence the amount invested in infrastructure.
Companies who are already globally-minded are not too worried; they are already prepared to compete on a global market and have established their brand preemptively. New companies will not be as much of a threat to a well-known brand like they will be to an unknown company. Emerging markets are accelerating at great speeds, and the global market will look vastly different in a mere decade. This much change will be awe-inspiring to witness, and only the companies who have prepared ahead of time for it will survive it. The benefits of being prepared are obviously far superior to the downsides of being unprepared, and many businesses in the next few years should start looking at a global transition.
Thomas Huling Global Funding Group has been focusing on the global market for decades and has been an advocate for being prepared. Founder of the former Global Funding Group, he is currently the founder and Director of a new company, Global MedInvent LLC.
Thomas Huling, formerly of Global Funding Group, knows that the market is shifting away from the United States market. Continually reevaluating his companies, Huling suggests that other businesses should do the same. He knows that some companies will see that they are unfit to do business with investors and financial leaders that are from other various cultures. Thus, Thomas Huling, formerly of Global Funding Group, recommends companies spend time learning the customs of the cultures they would like to break into.
Many cultures have certain greetings that are required before they sit down and speak business. Often other cultures like to eat a meal with whom they are doing business with before they decide on a deal. Also some cultures find things offensive that many American people would not pick up on. Thomas Huling, formerly of Global Funding Group, is an international finance businessman who has quite literally been all over the world doing business with various countries and their plethora of cultures within their region. Though the preparation may be difficult at times, it is valuable for a business to research the culture of the land they wish to do business with in a new country.
Thomas Huling Global Funding Group, suggests brushing up on the local customs of the area. Before traveling to a new country business executives should know how a culture does business. Above all, businessmen should never force American standards or ideas of business into another culture; this will be found offensive and business deals will fail.
One of the many things a professor of a business entrepreneur class will tell you is that globalization is imminent. If something is not globalized yet, it is likely to be in the next decade or so. As travel and communication across land and sea become faster and easier, there will be fewer and fewer reasons not to buy things from across the world.
Some businesses avoid this topic altogether and focus on local sales and advertising. This works well for local eateries and family businesses from time to time, but any business seriously hoping to succeed is looking at the benefits of either immediate globalization or at least a structure set up to allow for an easy transition into the global market.
One of the major pitfalls many people run into is that businesses fail to plan for a global market. It is far easier to take the extra time to make plans and solve problems before they arise, since once a problem arises during business it can cost profits due to unhappy consumers as well as the price to fix. It is therefore in a business’s best interest to prepare proactively rather than just prepare to fix unknown problems. Research is a paramount part of making a company that is globally-oriented.
Thomas Huling is one of many business owners who is setting up his companies for a global market. He recently closed down his Global Funding Group to start Global MedInvent LLC, which has a focus in a different market that he believes they can make a difference in.
For more information visit at: http://thomashulinggfg.flavors.me/
Thomas Huling Global Funding Group, has been in the finance industry for nearly thirty years. His experience spans the borders of the United States and expands across the oceans into countries abroad. A leading presence in global business and international investments, Thomas Huling, formerly of Global Funding Group, knows what it takes to be successful in his industry on an international level. Knowing much about multinational corporations, Huling gives what he believes are characteristics that entrepreneurs should have.
Networking is a large part of business. In international finance, it is even more important. An entrepreneur must learn to have great interpersonal skills. These skills must make a solid, good and long lasting impression that will reach through culture barriers. Basic interpersonal skills are great and definitely helpful, however, Thomas Huling, formerly of Global Funding Group, knows that to get past a language barrier on top of a cultural one can be tough at times. Standing out with a business is a great way to establish a network of contacts in a new land.
Many businesses look to simply stay afloat when they are investing their time and effort into an aboard investment. These same businesses are often the ones that take the largest of risks in their home country. Thomas Huling, formerly of Global Funding Group, can understand the reasoning behind the soft approach, he does not completely agree with it. Huling knows that it took risks to find success in his home country’s businesses. Thus, businesses should no be afraid to take risk to succeed when abroad.