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International Entrepreneurship

International Entrepreneurship. Ray Amtmann College of Business Northern Michigan University. Is Any Entrepreneurship Truly Local. Who are your customers? Who are your competitors? Who are your suppliers? Who are your partners?. Local or International. International communications

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International Entrepreneurship

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  1. International Entrepreneurship Ray Amtmann College of Business Northern Michigan University

  2. Is Any Entrepreneurship Truly Local • Who are your customers? • Who are your competitors? • Who are your suppliers? • Who are your partners?

  3. Local or International • International communications • Low cost • High fidelity • Text • Audio • Video • Timely • Instantaneous

  4. What are your capabilities • Can you keep your support services internal? • Are you a service provider or a manufacturer? • What technology do you need? • What are you shipping and how?

  5. An example • VIO • Marquette MI • Produces highly mobile video equipment • Started in the extreme bike / sport arena • They have morphed into military applications • A small one man startup • Now a multi-million dollar operation

  6. Where are their partners? • Engineering in San Francisco • Manufacturing in Taiwan • Software in India • Marketing in Russia • Legal work in Michigan

  7. Where are their customers? • Extreme sports enthusiasts throughout the U. S. • Extreme sports enthusiasts in Europe • U. S. military • How did it go from sports to military?

  8. What does this mean to you? • Brazilian Aviation Industry • Forest Products • Bio-fuel technology • Manufacturing • Agriculture

  9. Brazil’s 2003-2007 Multi-Year Plan • Called for the promotion of Entrepreneurship by • Providing incentives for the enhancement of small and medium enterprises • Targets • Doubling the volume of exports for small and medium enterprises by 2007 • Increasing the amount of credit to small businesses from R$10 billion to almost R$18 billion

  10. Program Enterprising Brazil • Launched in 1999 • Has trained more than 2.8 million current or potential entrepreneurs • Expects to generate up to 3 million new jobs

  11. Trade Partners

  12. International Entrepreneurship.com • Sites Total Entrepreneurship Activity (TEA) as a % of GDP for 2001 – 2008 as 12.8% compared to the world average of 10.6% • Women in 2004 made up 46% of this number up from just 29% four years prior • In 2010 it is now 53% women entrepreneurs • Brazil is moving forward with almost 1 in 8 people classified as an entrepreneur

  13. What about regulations? • Complicated bureaucratic barriers and some of the most punishing tax rules in the world make life difficult for would-be entrepreneurs. According to the International Finance Corporation, start-ups in Brazil need to fill in 18 separate forms, in procedures that typically take 152 days. By contrast, in the US, a start-up involves only six procedures and takes six days • http://www.ftd.de/karriere_management/business_english/:Business%20English%20Brazilian%20US/293702.html

  14. So what is the Entrepreneurial Outlook for Brazil? • With a population nearing 200 million • An expanding trade surplus • Growing markets in China

  15. Outlook cont. • Top goods to name a few • Sugar • Soy beans • Aircraft • Vehicles • Iron ore • Steel • Textiles • Footwear

  16. Outlook cont. • The outlook is good • Ample farmland can be developed • The opportunity to grow infrastructure is strong • There are many opportunities for enterprising Brazilians to enter the marketplace as entrepreneurs • Today’s communication capabilities make the world the stage for business development

  17. Questions

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