On Tuesday, November 16th GEM (Global Entrepreneurship Monitor) will be releasing their 2020-2021 Women’s Entrepreneurship Report. This report will provide an overview of the current issues that women face in the global business arena, as well as detailing, “areas where there are still gaps, challenges, and opportunities for female entrepreneurs, especially in the midst of the COVID-19 pandemic.”
wegg® is eagerly awaiting the launch of GEM’s report because we are committed to helping global women entrepreneurs forge ahead no matter the current obstacles they face. wegg President Laurel Delaney will continue to report on GEM’s findings throughout the next week as the information is released.
It is widely known that there is a lack of equity among men and women in the world of global entrepreneurship. Women are much less likely than men to focus their business activity on international markets, but the purpose of wegg is to help women gain the confidence to bet on themselves by going global.
In her 2014 article “It’s Time for Women to Take on the World,” Laurel writes, “only a small fraction of women-owned firms in the U.S. are engaged in exporting activities…[because] women owners of export-oriented small- and medium-sized businesses face unique challenges and opportunities, many of which begin at the start-up stage of a business.”
But the potential of success for women-owned enterprises has always been favorable. Laurel explains,
“An estimated 98 million women are running established businesses—which are ripe for growth through exporting. In nearly 10 percent of the countries surveyed for the [GEM] report—Panama, Thailand, Ghana, Ecuador, Nigeria, and Uganda—women have higher levels of entrepreneurship than men.”
Additionally, we shed light on our website on the disparity of international trade between women and men in global business,
“To succeed in today’s economic climate — and beyond — it’s more essential than ever for women business owners to be informed and inspired to grow global. Yet it’s just not happening. ‘Approximately 30 percent of businesses are women-owned, but only 12 percent of businesses that export are owned by women,” reports The United State of Women. That has to change.'”
wegg will be making that change.