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Companies seeking foreign audiences with their websites will want to either localize or internationalize their site, or provide a mixture of both processes. Forrester Research notes that "visitors linger twice as long [on international sites] as they do at English-only web sites; business buyers are three times more likely to buy if addressed in their own language; and customer services costs drop when instructions are displayed in the user's language."
Localization consists of adapting one’s website to meet the linguistic, cultural, and commercial requirements of a targeted market. Internationalizing a firm’s website enables the company to be multilingual and to be sensitive to cultural conventions without the need for extensive redesign. Localization or internationalization must be part of the online exporter’s corporate strategy for website and business development.
Be Attentive to Employee and Worker Concerns
As part of our blog series on tax literacy, MBDA will highlight the latest tax-related news issued by the IRS for business owners. The material presented in this website is not offered as legal or tax advice. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner for any issue related to tax obligations.
Maintaining good payroll records is critical for both you and your employees. Keep all records of employment taxes for at least 4 years. They should be available for IRS review. The following is a list of some of the records you should keep:
Created on October 3, 2012
I attended the 42nd Annual Meeting of the National Association of Investment Companies (NAIC) and came away with extraordinary news and a more optimistic outlook on the growth and expansion of the minority business community. Today, NAIC released a quantitatively focused report that underscores the strong performance of minority and women-owned private equity firms. These firms create new jobs and expand the U.S. economy by providing much needed capital to the nation’s minority- and women-owned businesses.
The report, referred to by its short name, Recognizing the Results, is formally titled The Financial Returns of NAIC Firms: Minority and Diverse Private Equity Managers and Funds Focused on the U.S. Emerging Domestic Markets. Compiled by the highly respected accounting firm KPMG, Recognizing the Results demonstrates that NAIC members—27 minority and diverse private equity firms focused on the U.S. emerging domestic markets – have outperformed the overall private equity industry for the past 13 years. These results capture a representative sample of the larger sector of diverse and minority private equity firms.
Created on October 2, 2012
Are you a woman who is ready to start or expand a small business? Now’s a good time to take that first step, with help from a U.S. Small Business Administration series of four web chats during October, which is also National Women’s Small Business Month.
Women-owned businesses are one of the fastest growing segments of the small business community. Today, about 30 percent of small businesses are owned by women, compared to about 5 percent in 1970.
Created on October 1, 2012
President Obama created the White House Business Council to hear directly from business owners about what the Administration can do more of – or less of – to help create jobs; and to ensure that businesses are aware of the programs and resources that can help their companies grow. That’s exactly what occurred last week at the White House Business Council Forum on Business in Indian Country. The Forum brought Native American and Alaska Native business owners together with non-profit Indian Country support organizations to discuss ideas that can lead to job creation and economic expansion. We were proud to have the participation of Acting Secretary of Commerce, Dr. Rebecca Blank, who listened and responded candidly to a number of concerns, suggestions and feedback.
Overall, the day’s dialogue centered around three core challenges—preparing and retaining future leaders and entrepreneurs; raising capital for emerging businesses; and finding domestic and international markets for tribal commodities such as natural resources and agricultural products.