Global Edge International Consulting Associates, Inc.: December 2015

Saturday, December 5, 2015

There's No "Cash In A Flash" - Don't Be Desperate!

In the search for capital and financing, desperation and a lack of a realistic time frame, some sustenance funds and a healthy perspective are absolutely poisonous!

Perhaps the worst mistake that entrepreneurs, project leaders, innovators and executives make is when they approach financial sources or established management consultancies with desperate demands for "cash immediately," accompanied by such desperate pleadings as "we need this money yesterday!" or "we'll lose this opportunity if we don't receive funds within x period of time!"

Sources of capital as well as management consultancies (at least the responsible ones) are not in business to bail out companies and clients. They are in business to help solve business problems within an appropriate time frame, and to help clients achieve realistic and reasonable objectives. The more desperate that you appear, the less likely it is that you will attract either quality consulting or an infusion of capital.

Don't forget that providers of capital and consultancies are in business to make profits and to generate fee income. They do not generally want to salvage other people's wrecks, if the situation requires lightning speed, desperate need, cash-in-a-flash, and there is insufficient capital available to conduct a due diligence review and to properly process a request for a capitalist intervention.

If a capital source or a consultancy is overly responsive to your desperate entreaties for money in a hurry, they are likely not seriously interested; setting you up for a "fee gouge"; or just simply incompetent. Any firm which does not require some serious due diligence before it will entertain your request is engaging in a questionable practice.

If you are searching for capital, be prepared to endure for a reasonable due diligence period, be prepared to pay some fees for professional engagement and/or due diligence, and never speak of desperation or pressure. Imposing your desperation or pressure on a capital source or a consultancy will generally cause them to turn you away.

Ironically, and lamentably, getting capitalized (especially when being represented by a qualified management consultancy as your advocate and negotiator) requires that you have some of your own capital to sustain your business and to pay fees, and that you have adequate time to allow for the capitalization process.

Thank you, as always, for reading me.

Douglas Castle for Global Edge International Consulting Associates, Inc. and The Global Edge International Blog

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Friday, December 4, 2015

EXIM Bank Is Back In Business

EXIM Bank Is Back In Business.

The following is excerpted from a press release issued by the Export-Import Bank Of The United States (“EXIM”). This is indeed excellent news for private-sector businesses which currently export or which are desirous of exporting through programs such as Global Edge International Consulting Associates, Inc.'s Virtual Export Division Program. The reauthorization of EXIM is indeed a victory for small businesses and for the U.S. economy-at-large:

Media Contact: Lawton King (202-565-3200)
For Immediate Release: Friday, December 4, 2015

EXIM Bank Reauthorization Letter to Customers and Stakeholders

Washington, D.C. – Below is the letter Fred Hochberg, the chairman and president of the Export-Import Bank of the U.S. (EXIM Bank), sent to EXIM Bank customers and stakeholders today to announce the Bank’s reauthorization.

December 4, 2015

To Customers and Stakeholders of the Export-Import Bank of the United States:
I’m pleased to report that after overwhelmingly bipartisan votes in both the Senate and the House of Representatives, President Obama signed EXIM Bank’s reauthorization into law today.
Beginning today, EXIM will be able to restart the work needed to meet its mission of supporting American jobs and equipping American businesses with the tools necessary to compete for global sales. Importantly, the Bank secured a long-term reauthorization that will be in effect until September 30, 2019.
Exporters and their supply chains are critical to the country’s economic health. Export focused businesses bring a host of benefits to their communities and local economies, including generally paying higher wages to their employees than non-export businesses.
All of us at EXIM are ready to receive applications for new transactions. Given the expected volume, the efforts required to get our processes back up and running, and the need to apply our comprehensive due diligence requirements to every transaction, we are asking customers and other EXIM stakeholders to be patient while we resume authorized activities. We expect online application systems and exim.gov to be fully operational no later than Tuesday, December 8, and customers can always reach us at 1-800-565-EXIM.
In addition, while we are accepting and processing applications for all levels of financing, please keep in mind that all transactions totaling more than $10 million dollars require approval by EXIM’s Board of Directors. Those transactions will need to await Senate confirmation of members sufficient to reconstitute a quorum.
The EXIM team is as dedicated as ever to America’s exporters, empowering them to tackle new markets, and providing a level playing field in a fiercely competitive global economy. We look forward to serving you, taxpayers and the American people for years to come.
Best,
Fred P. Hochberg
Chairman and President of the Export-Import Bank of the United States
ABOUT EXIM BANK:
EXIM Bank is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost ninety percent of its transactions directly serve American small businesses.
In fiscal year 2015, EXIM Bank approved $12.5 billion in total authorizations. These authorizations supported an estimated $17.7 billion in U.S. export sales, as well as approximately 109,000 American jobs in communities across the country.

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To find out more about how your company can tap into the ever-expanding global economy, please visit our website at http://GlobalEdgeInternational.com . Our blog, with its featured articles, can be viewed at http://GlobalEdgeInternational.blogspot.com .

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