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Where are the Business Opportunities Today? Answer: Outside the USA Madison Area Business Consultants May 10, 2012
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Who Are We? White Paper – Background & Joint Collaboration The Numbers Trends Conditions are Right Initial Steps Resources Presentation
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Business developers to emerging companies expanding their businesses internationally. Business Across Borders ™ “International Business is our PASSION!” Who Are We?
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Trade Development – Emerging Exporters ─ Organizational Development ─ 1 st Steps International Business Development ─ Market Entry or Growth Strategy ─ Distributor Network Development, Evaluation and Management ─ Direct Sales International Project Management ─ Overseas Operations ─ Business Structure Services
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White Paper Genesis ─ Frustration ─ Spur to Action ─ Marketing Effort Author – Ken Wasylik Editing – Kathy Watson Graphics and Design – Neil Diffenbaugh Marketing Assistance – Laurel Cavalluzzo Cedar Creek Web Design
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Results Posted on Many LinkedIn Groups ─ ~10 Direct Responses including from Europe Sent to over 100 Direct Contacts who Forwarded the White Paper to Countless Others Estimate 500+ Downloads from the Website Direct Response from the US Commercial Service Posted on Blog About 3 Months of Increased Activity
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The Numbers 95% of the World’s Consumers Live Outside the US 70+% of the World’s Purchasing Power is Outside the US and Growing Each Year Fewer than 1% of US Businesses Export ─ 58% Export to only 1 Country 97% of US Exporters are Small/Medium Enterprises ─ 2/3 have less than 20 Employees
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2008-2009 Financial Crisis Most of the World had Little to No Recession China Growth Slowed to 7-8% Brazil had 1 Month of Negative GDP The Developing World Kept Growing
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Companies who Had 30% or More of Their Sales Outside the US Did Much Better and Came Out of the US Recession Stronger and More Profitable.
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2012 GDP Forecast - Developed USA – 2.1% Advanced Economies – 1.4% European Union -.3% Germany -.6% France -.5% Italy – (1.9%) Greece – (4.7%)
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2012 GDP Forecast - Developing China – 8.2% India – 6.9% Mexico – 3.6% Developing Asia – 7.4% ASEAN 5 – 5.4% Latin America – 3.7% Middle East – 4.2%
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Where’s the $? Middle and Upper Classes ─ Current Advanced Economies (US and Europe) will Decrease to 558 Mil. People by 2025 ─ Asia will Grow to 3.6 Bil. People by 2025 ─ Est. 1.4 Mil. US$ Millionaires in China ─ Est. 2.8 Mil. US$ Millionaires in Asia ex Japan
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Focus on the Middle Class Increase in Purchasing Power Demand for Better Products and Services Higher Savings Rates China Marketing Formula 10% x 10% x 10% = a Big Number
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The Newly Rich Consumer Products Durables, Cars, Appliances Services – Financial, etc. Healthcare Food Leisure & Travel Industrialization
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Conditions are Right National Export Initiative ─ Goal to Double Exports in 5 Years Free Trade Agreements ─ 17 Existing ─ NAFTA ─ CAFTA ─ 4 in the Works ─ Korea ─ Colombia
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Conditions are Right Historically Weak US$ US Trade Shows US Government Support State Government Support Internet – Virtual 24/7 – Total Connectivity Social Networking/Media
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If you Have a Website You are Global!
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Initial Steps Strategy, Goal or Attitude to Seek Opportunities Outside the US – A Mindset Assess Internal Resources Develop a Plan – Where to Market First? Get Help from Numerous Outside Resources Start Small – Learning Curve Do Not Stop Because of the Fear of the Unknown
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Resources US Commercial Service Damian Felton Director - Milwaukee U.S. Commercial Service U.S. Department of Commerce 1025 N. Broadway, R-01 Milwaukee, Wisconsin 53202 Damian.Felton@trade.gov ph: 414-297-3457, fx: 414-297-3470 www.export.gov/wisconsin * www.trade.gov
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Resources Wisconsin Economic Development Corporation Lora Klenke VP - International Business Development 201 W. Washington Ave Madison, WI 53703 608-266-0393 lora.klenke@wedc.org www.wedc.org
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Resources Madison International Trade Association www.mitatrade.org Next Event – May 11 th – Trade Directors Breakfast Milwaukee World Trade Association www.mwta.com Stateline World Trade Association www.slwta.org
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Business Across Borders ™ E.M. WASYLIK ASSOCIATES LLP Ken Wasylik ken.wasylik@emwasylik.com www.emwasylik.com 608-850-6543
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