Women are a driving force in our global economy. That’s part of the reason we started WEGG back in 2008! Jack Ma, founder of China-based e-commerce platform Alibaba, recently announced to the world his support for women and youth entrepreneurs, and said that they were the driving force behind his “She Era” conference that he organized in Hangzhou, capital of east China’s Zhejiang Province, on May 20.
Ma said this:
“The world will become more beautiful in terms of women’s engagement.”
Beautiful may not be the only word to describe the contributions women are making not just in China but the rest of the world. In China alone, for example, more than half of online stores are opened by full-time housewives, especially on Alibaba’s business-to-customer platforms including Taobao.com and Tmall.com.
At WEGG, we believe the world will become more prosperous and healthier as a result of women’s contributions worldwide. You watch. WEGG is on a mission to prove it. And we have every intention to reach out to Jack Ma for support.
Screenshot courtesy: Yibada
Before the Internet, women had a difficult time getting access to markets and networking or finding like-minded individuals with whom they could end their isolation, share challenges, and gain access to strategic information. Now, however, there are hundreds of women-centric online community forums readily available and designed specifically for women business owners who desire to connect with women the world over, acquire knowledge, develop enriching relationships, and keep learning and growing.
There has never been a better time to be a woman entrepreneur on a global scale. In the future, you will see greater efforts put into helping women succeed in the global marketplace because if women think they can succeed at it and are supported, they will. WEGG will play a major role in making that happen.
Learn more: Issues Confronting Women Business Owners Who Currently Export or Plan to Export
Photo Credit: Reinhard Schuldt (Brigitte Schuldt)
Though certain pockets of the country have higher levels of female entrepreneurship than others, research by the Center for Women in Business and supported by the U.S. Chamber of Commerce Foundation shows that any community with determination can build a supportive network for its local women-owned businesses. Women are working tirelessly to export, create jobs, solve problems, and strengthen America’s long-term competitiveness. It is clear that when communities help women in business succeed, they ultimately help America succeed as well.
It is no surprise then that the face of entrepreneurship is changing:
Over the last 15 years, women-owned firms have grown by one and a half times the rate of other small enterprises and now account for almost 30 percent of all businesses. Additionally, one in five firms with revenue of $1 million or more is woman-owned.
Further, as women-owned and women-led enterprises scale up their businesses, they will ultimately serve national and international markets in unique and groundbreaking ways. WEGG will play a key role in helping women grow globally.
Read the report … Women-Owned Businesses Carving a New American Business Landscape
Screenshot courtesy: Women-Owned Businesses report
Sydney network Heads Over Heels is designed to rival “the boys club.”
Every few months, 70 high-powered executives meet for Heads Over Heels. They listen to business pitches from female entrepreneurs, then break into small, revolving “huddles,” where the women “call out” for customers, money or advice.
What are the results?
- StorReduce co-founder Vanessa Wilson raised $400,000 in seed funding.
- Event software company Ivvy raised $1 million.
- Enabled Employment raised close to $400,000 in seed funding.
Are you ready to grow? Then reach out to Heads Over Heels. Learn more.
Screenshot courtesy: Heads Over Heels
Women can compete globally on any level without losing their femininity. Yet, according to The Namibia Econonomist, women tend to differ from men on their management style in the following positive ways. Note: Many of these traits might also apply to men.
- Multi-tasking — comes in handy in the early stages of growing a business.
- Focus — the ability to cut out distractions and focus on what is important.
- Intuition is the undefinable, immeasurable sense that helps with decision making and women tend to listen theirs more often.
- Prudence is a characteristic not normally associated with entrepreneurship yet it is vital in the early stages of entrepreneurship, especially for women.
- Cautiousness — women tend to be more careful in business than men and respect the importance of getting the balance right between overt risk-taking and caution.
- Patience is linked to the trait of prudence and very helpful to have when the going gets tough.
- Empathy — women are known to have higher levels of empathy than men.
- Asking for advice — women have no issue with this, especially if they can get answers.
Read other attributes that women have in business:
Learning from Female Entrepreneurs
One final point: In order to gain self-confidence and overcome social attitudes, women need to network continuously, support each other, look for role models, update their knowledge and skills, and have a clear vision of what they wish to accomplish.
Photo Credit: Silicon Valley Blog
What’s Woman 20? Let’s not jump too fast. Turkey’s Deputy Prime Minister said recently that the G20, currently led by Turkey, would not get involved in Greece’s debt crisis without a request from the European Union, European Central Bank and International Monetary Fund. However, what has been identified are policies to implement that were adopted during previous G20 meetings, including small and medium entrepreneurs, or SMEs, women and youth.
“Under the inclusiveness agenda we have also announced a new engagement group, W20 or Woman 20,” he said. “This will be representatives from 19 countries and the EU working on how to effectively engage women into business covering women entrepreneurs.”
Read more: G20 staying out of Greek debt crisis, says Turkey’s Babacan, April 18, 2015
Screenshot courtesy: Worldbulletin News
She Taxis (ST) is a cab service for women travelers operated by women entrepreneurs in Thiruvananthapuram, Kochi and Kozhikode. The World Bank has shown interest in replicating the ST initiative in South Asian countries like Pakistan, Bhutan, Nepal and Bangladesh.
Watch out Uber. She Taxies is driving an empowering movement for women.
Women make up 60% of the riders but only 2% of the drivers. She Taxis is going to fix that.
Learn more here.
Screenshot courtesy of She Taxis
In the blue (ocean) economy, women are riding the wave of Africa’s maritime sector. Women have an unrivaled opportunity to drive the industrialization of Africa’s oceans, according to Nkosazana Dlamini-Zuma, the African Union chairwoman of the 54-member African Union.
“Women have come together and … those who work in the industry … want to see how they can be entrepreneurs in the industry,” says Dlamini-Zuma.
Learn more: Why women must ride the wave of Africa’s maritime sector
Photo Credit: mattk1979