You have successfully conceived a new business, obtained funding and are now planning to capitalize on the large market opportunities existing outside of the USA. In this article I would like to share with you recommendations for staffing, based on my personal long-term hands-on experience in this arena.
In my own experience, a significant amount of time was spent in explaining and obtaining approval from corporate staff for the actions required in building international. In many instances recommendations involve up front costs with no guarantee of precisely when specific revenues can be achieved. It is therefore essential that the head of international reside at corporate headquarters.
However, final selection of key international managers must be made by the head of international, in close cooperation with corporate management. Despite the costs involved, inviting the finalists to headquarters is essential.
Thoroughly understand the specific laws relating to hiring and termination in each country where you plan to operate. Labor laws and prevailing practices differ in most countries. If you choose to operate in a specific country, you must meet local legal requirements and prevailing practices. Again the head of international will spend a significant amount of time explaining and justifying differences to his corporate colleagues.
In my personal experience the head of our Italian operation resigned and we accepted his resignation. He then chose to sue us claiming that his supervisor, based in Germany, created a difficult work environment. Our Italian labor counsel recommended settlement, instead of going to trial. The cost to us was nine months of pay.
Having successfully staffed your international operations, you can now expand your markets greatly. However, remember to think long term, plan globally but act locally.
A successful head of international will spend time keeping updated on local conditions through participation in industry meetings, chamber of commerce memberships, as well as developing and maintaining corporate contacts. He is a broad-based general manager, has knowledge of most functional areas, is a diplomat and not just an international sales manager.
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Today?s article is presented by one of the founders of our Startup Professionals team, Ernst H. Gemassmer. He resides on the West Coast, and has long helped entrepreneurs there, as well as providing turn-around assistance as interim CEO, and International coaching. You can contact him directly at ernst@startupprofessionals.com.
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Derek Jeter made history yesterday when he made his 3,000th hit. And of course, every record-breaking moment calls for a celebration.
Rumor had it Jeter was going to celebrate at Southern Hospitality, Justin Timberlake's restaurant on 9th Avenue. We were in the neighborhood and decided to walk by. It was pretty empty inside but when we walked in, there was a bouncer guarding a downstairs door, and the bass was pumping down there.
Soon after we walked in, Jeter brisked away through a side door (so quickly we couldn't get a pic), and someone who worked at the restaurant brought a tray of blue and white cupcakes spelling out "DJ 3000," upstairs.
The bouncer guarding the door:

The cupcakes!

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In this day and age it is not an exaggeration to state that a person's FICO score truly dictates their financial future, so the increasing concern over ones score is merited indeed. Lately a number of my clients have inquired as to whether I can suggest a good credit score counseling service so that they can be provided with a detailed appraisal of their credit situation. This article highlights ways that you can initiate a plan to either maintain a high credit score or improve it if necessary without having to incur the cost of having someone else do it for you.Source: http://ezinearticles.com/6376113
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