Going global - What smart entrepreneurs need to know: From the latest PROFIT/BMO Business Coach podcast



    TORONTO, Sept. 9 /CNW/ - Thinking of going global? As the economic
doldrums blanket many parts of North America, many savvy entrepreneurs are
doing just that in a bid to capitalize on the growing demand for goods and
services in established and emerging markets around the world. Indeed,
geographic diversification is one route to a more profitable and sustainable
business, especially in tough times. However, besides cultural considerations,
there are other challenges and potential pitfalls in dealing with multiple
countries, especially in the realm of corporate finance.
    Join Ian Portsmouth, editor of PROFIT Magazine, and Marnie Kinsley,
executive managing director of Global Treasury Management for BMO Capital
Markets, as they discuss:

    
    -   How does corporate finance change when you begin exporting (currency
        complications and risks; potential payment fraud)?
    -   What's the potential impact of these changes if they aren't
        well-managed?
    -   Under what circumstances does it make sense to have foreign currency
        accounts?
    -   What other electronic solutions can exporters take advantage of (for
        example, various electronic payment systems)?
    

    The Business Coach podcast offers insight and information to help
entrepreneurs run their small business better. Launched in October 2006, The
Business Coach podcast is available for download from iTunes, bmo.com and
PROFITguide.com. The Business Coach is co-produced by PROFIT Magazine and BMO
Bank of Montreal.
    Previous episodes of Canada's leading podcast for small business include:
The ABCs of Generation Y, Recession-proofing, Lessons from the Dragons' Den,
Personal Finance, Better Workplaces, Social Media, Tax Planning, Going Global,
Retire Rich, Cash Management, Fortune Hunters, Economic Outlook, Search Engine
Optimization, Selling Your Business, Marketing Taglines, Currency Hedging, IT
Security, Community Investment and Small-Business Branding.
    The Business Coach podcast is offered in both English and French. The
English-language interviews are hosted by Ian Portsmouth. L'actualité
magazine's Pierre Duhamel leads the French-language episodes.

    About PROFIT

    PROFIT: Your Guide to Business Success is Canada's preeminent publication
dedicated to the management issues and opportunities facing small and
mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a
vast array of economic sectors have remained loyal to PROFIT because it's a
timely and reliable source of actionable information that helps them increase
their revenues, boost their profitability and get the recognition they deserve
for generating positive economic and social change. Published six times a year
by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the
chief executives of companies with 5 to 250 employees and annual revenue of
$1 million to $25 million, reaching more than 300,000 readers across Canada.
Visit PROFIT online at http://www.profitmagazine.ca.





For further information:

For further information: Louise Leger, louise.leger@rci.rogers.com,
(416) 764-4125


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