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Travel
the World - for Free! |
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by:Cheryl Lockhart |
I have been very fortunate to travel to several countries of the world
while on business - countries I may have never visited on a holiday.
There are pros and cons to working/doing business in a foreign country
vs. visiting as a tourist but I have found it to be very rewarding. I
have made many friends, been invited into many colleagues' homes to
meet their families, dined on local specialties, and seen all the local
attractions (I've been to the Giza pyramids three times - see photo on
the right) because business partners are always proud to show you their
country. After all, don't we always take visitors to Alberta to the
Rocky Mountains? Foreign business delegations traveling to Calgary
always schedules time to go to Banff, often timing it to coincide with
the weekend.
So even though I don't sell a product, I do consider myself an
exporter. That is because I am exporting my experience and knowledge -
basically I export a service. Many more Canadian service companies (and
consultants), from environmental companies to engineering firms, could
be exporting, but aren't.
Here are four ways to get started.
1. Consult.
Consulting overseas is essentially exporting a service. For many
Canadians the obvious first step is to examine the opportunities
offered by the Canadian International Development Agency (CIDA) - the
executing agency of Canada's $2.87 billion aid program.
CIDA funds various development programs, some of which are administered
and implemented directly by the recipient government and others by
Canadian partners. In either case, experts are required for some aspect
of the project. In my case, over the past year I have spent a total
three months working in Indonesia providing export-related technical
assistance to garment manufacturers in Bali.
To work with CIDA, all consultants must be registered with Consulting
and Audit Canada. However, CIDA does not directly contact everyone and
therefore it is useful to know the partners that cooperate with CIDA,
and luckily a list of non-governmental organizations (NGO) is available
on the CIDA web site (type 'voluntary sector division' in the search
box, choose the first result and then click on 'Links to CIDA's
partners').
CIDA also publishes a list of all its current bilateral projects which
includes the name of the primary partner organization, the value of the
project and time remaining. You may be able to offer your services to
these organizations. From CIDA's home page, click on 'Projects' and
then 'CIDA's contracts and agreements.'
Once you have gained experience working with CIDA, many international
financial institutions such as the World Bank also hire consulting
firms to plan, manage and evaluate their projects. For example, right
now there is an Expression of Interest for a "Country Environmental
Analysis" for Vietnam. It also helps to cultivate contacts within the
World Bank as contracts under $100,000 are not publicly posted.
Even if you are not in the "development" business,
think about what expertise you can offer to other countries.
2. Partner Overseas.
Very few companies are successful overseas if they do not have a local
partner, regardless of whether they are selling a product or a service.
The format of a partnership in services exporting (i.e. joint-venture,
strategic alliance, equity agreement) is not necessarily the prime
consideration but the Canadian company must take the time to determine
what they need and want from their foreign partner. Someone to identify
and pursue leads? Labour to undertake certain aspects of the project?
Administrative assistance? Insight into local laws and customs?
Language support? Competitive intelligence? The Canadian partner also
needs to consider what they bring to the partnership. New technology?
Expertise? Financing?
CIDA has funding available for Canadian firms developing partnerships
in developing countries under its Industrial Cooperation Program.
Do you have a unique technology in demand overseas
but are reluctant to start exporting? Don't assume all of the
responsibility yourself - find a local partner and reap the benefits.
3. Network Locally.
This method for entering new markets is probably one of the most
overlooked, despite its low risk. Every Canadian company working
overseas is outsourcing some aspect of the project, usually to someone
they know and trust - often one of their domestic suppliers. For
example, most Canadian oil and gas companies have operations overseas
as well - often in remote areas that require housing and catering.
Rather than relying on local capabilities, they generally contract
their camp services to well known Canadian firms, thus ensuring the
comfort of their workers - because a camp full of unhappy and miserable
oil rig workers is not a good thing!
Take a look at your current clients and see if any
of them are doing business overseas.
4. Teach.
Everyone is aware of the opportunities to teach English overseas, which
is what my sister is doing right now in South Korea (see photo at
left). She signed her contract through a Toronto-based agency which is
essentially exporting her knowledge of English and Canada (she has
actually sung O'Canada to a room full of junior high kids, with no
accompaniment!). At the post-secondary level, countries that are
rapidly expanding their education systems are demanding skilled
teachers and partnerships with foreign institutions in all professions.
China and the United Arab Emirates are two that come to mind. However,
it is not only within the formal education system that teaching and
training opportunities emerge. The same issue of Canadian Business that
printed my exporting advice (June 6 - 19, 2005) features a scantily
clad model on its cover (I guess sex sells even business magazines)
with the line, "The Business of Becoming China's Top Model." After four
years of working in China, where white skin is highly valued (and here
in North America millions are spent on tanning lotions and tanning
salons - go figure), Canadian model Tracey Grebinsky is working with a
local talent agency to: 1) train Western models about the complexities
of working in China, and; 2) educate Chinese firms about the business
of modelling (i.e. contracts, choosing a "look", working with agencies,
etc).
Re-evaluate whether you have an exportable
service. I'm a big believer that almost anything can be exported.
So pack your bags and get ready for an international adventure.
Copyright© 2005.
About the
Author
Cheryl
Lockhart of International Strategies Ltd. assists small- to
medium-sized enterprises navigate the complexities of global business
development. Services include international project identification and
management, market research and foreign partner development. To learn
more about exporting and read additional FREE e-zines, visit http://www.intl-strategies.com |
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