Starting up a company is a stressful, yet exciting venture. As the founder, you are the heart and soul of your company. In the early stages, you are the main driving force behind everything the company accomplishes. But as success ensues and your company starts expanding, too often the startup outgrows a young entrepreneur's individual development and abilities. And with these growing pains, you will have to make decisions in areas where you lack real experience, knowledge or self-awareness.
Oxford Economics' Global Study, sponsored by SAP, reveals small and midsize firms(SMEs) that do business in six or more countries will more than double in three years.
The pressure is growing on companies to build long-term resilience in their business. The debt crisis in the late 2000s and the increased frequency and severity of extreme weather events, have hit many parts of the world. All these events are making it clear that short-term thinking can have a severe impact, even on the strongest economies, and that small & medium businesses are especially vulnerable when they do not have a plan how to survive such crisis.
In 2001, Goldman Sachs Jim O’Neill kicked off a decade-long investment boom with a catchy acronym for the four largest emerging-market economies—Brazil, Russia, India, and China, the BRICs. O’Neill is now promoting a new foursome of fast-track countries: Mexico, Indonesia, South Korea, and Turkey, the MIST.
In terms of GDP and fund holdings, the MIST nations are the biggest markets in Goldman Sachs’s Next 11 Equity Fund (N-11).
Richard Hayman, 67, and his wife Carolyn are shelling out $110,000 to complete a strategic part of their retirement plan. They aren’t purchasing a fixed annuity. They're making their 1978 Rockville, Maryland, tract house a place where they can age gracefully. “We avoided nursing homes for our parents, and we want it to be the same for our kids,” says Hayman.