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Whatever the size of your business, outsourcing several tasks to a contractor in another country could help your business grow. India is one of the largest destinations for outsourcing tasks for American companies: software development and other IT tasks, back office management, customer service, data entry, and call center services are just a few examples.   Whether you’re looking to grow your business, or you just want...

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How to Do Business in Canada

Doing business internationally may seem like a daunting task for any small business. Stepping into another country inevitably means facing a different set of regulations, unfamiliar negotiation rules and business culture, not to mention the hassle of handling payments across borders. But you’ll be surprised to learn that the advantages of finding international suppliers and partners clearly outweigh the trouble it causes.   Canada is one of...

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Learning a new language can be a great way to expand your cultural palette. However, languages aren’t just for impressing your friends. It allows you to truly experience a nation’s culture, and makes traveling a breeze.. But it’s also a daunting task, and websites that offer training services or popular phrases tend to stick to the bases like“hello,” “goodbye,” and “where’s the bathroom?”   If you’re planning...

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For many small businesses, the daunting task of finding a supplier in China has been made significantly easier with Alibaba. Alibaba is an online marketplace that helps connect Chinese manufacturers with overseas buyers. With the click of a button you can order thousands of products. But it’s not quite as easy as shopping on eBay. While most of the manufacturers on Alibaba are reputable, you...

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When many small business owners think about finding good international suppliers for their business, China is typically at the top of the list. But the language and cultural differences can seem like a lot to overcome if this is your first foray into the international market.   The key to success in China is understanding the two main factors that drive their business culture. Both guanxi and...

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Doing business in China is all about relationships and therefore you’ll often need to attend a business lunch or dinner with your supplier. Read our guide to find out why relationships are so important in China, and read below to find out the proper etiquette for dining with your business partners in China.   Arrival As with a business meeting in China, arrive early or at least on...

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If you’re looking to do business with Mexico, one thing is going to become really clear. They prefer meeting face-to-face rather than with phone calls and emails. This means in order to build a strong relationship with your suppliers, you’re going to have to make the trip south of the border.   [qodef_blockquote text="In order to build a strong relationship with your suppliers, you’re going to have...

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If you’re thinking of exporting your products to another country, Canada is most likely one of the first options that comes to mind. The opportunities our northern neighbor provides for US small businesses are more than spectacular: a vast market very close to the US, a similar set of business rules and culture, a strong and stable legal system, as well as a common language...

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Automated financial services (AFS) are software solutions that can perform a host of financial tasks, and they are transforming such services into “an always on, algorithmically-driven industry.” Increasingly, AFS can help small and medium enterprises compete globally. With automated financial services, businesses can send and receive payments more efficiently, stay well informed on current market data, and allow their employees to focus on their customers...

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Financial technology (or fin-tech) has been around for about 65 years, beginning with the introduction of credit cards in the 1950s. The next decade brought automated teller machines or ATMs, which allowed people to make transactions without having to go to a branch or needing to speak with a teller. Computers and the internet embodied and defined the 1980s and 1990s. During these years, more...

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Globalization is a term often used in the business world—especially over the last few decades; it embodies blurring geopolitical boundaries and operating internationally. If you're a small business owner who is interested in trading globally, there are a few things you need to know. First, what is the global marketplace? What are the benefits of trading in the global marketplace? Lastly, what are the characteristics...

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A recent study revealed that 58% of small businesses have international customers. Given ever-increasing access to Internet services, that number is bound to grow exponentially over the next few years. In fact, 72% of the small businesses surveyed in that study said they plan to increase their international business. If small businesses want to compete in today's market, global operations are essential. Paying close attention...

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Veem is here to help simplify global money transfers for your small business. Our simple, user-friendly process will change the way you think about global payments. Our innovative approach to payment solutions for small businesses will save you time, money, and headaches.   [qodef_blockquote text="It may surprise you to learn that the process of transferring money from one bank to another is not all that different today...

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