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Are you paying attention to the big trends that underlie the entire global economy? No business is immune to global competitive forces, no matter what sector they are in or how localized their customer base. For instance:
But perhaps even more an issue for small businesses than the macroeconomic environment is the capacity for so many businesses to go global fast, competing across borders. In a sense, unless your business does something that can only be done standing in a specific location, like a barber, your competition is every similar business on the planet.
Read more:
What every business [in Australia] should know about the global economy
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