Archive for the 'Barriers to trade' Category

Teach a Woman to Fish & Go Global, and You’ll Feed Her & Her Business for a Lifetime

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Everyone knows the classic adage, “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.”

But wegg® knows, “Give a woman a fish, and you feed her for a day. Teach a woman to fish and go global, and you feed her and her business for a lifetime.” This idea is the essence of wegg®’s mission: “to educate, inspire and nurture women business owners and entrepreneurs worldwide on how to go global, so they can run healthier businesses and create a new future for themselves, their families and their community.”

Our goal as a 501(c)(3) nonprofit organization is to teach the women entrepreneurs of the world how to take their businesses global, and we are always thrilled to hear about the triumphs of women entrepreneurs around the world. Recently, we read a New York Times article covering the reform of Rwanda’s fishing industry, from an exclusively male world, to a community of women entrepreneurs. Author Shannon Sims describes the change,

“The intense physical work and danger that comes with fishing on Lake Kivu, along with reinforcement from traditional gender roles, kept women from fishing for generations, tending to backyard farms instead. But in post-genocide Rwanda, that seems to be changing. Today, women form an essential part of the national market for Lake Kivu fish. Besides fishing on the lake at night, women also gather along the shores in the early morning to buy the fish the fisherwomen deliver. They then haul those fish home to their small villages, or sell the fish to cooperatives.”

This newfound emphasis of women on the business side of Rwanda’s fish economy has inspired the development of Projet Pêche, a fishing cooperative made up of 87 women, in Kibuye, a town along the banks of Lake Kivu. This collective has had a supremely positive impact on the lives of Rwandan women. Just listen to one woman, Bonifrida Mukabideri’s, account,

“A lot of women have used the cooperatives to fight poverty. Here in Rwanda we now have the idea that women and men can do every job…Now a woman can say: ‘I can build a house by myself. I can look after my family properly. And even if my husband dies, we can live a better life.’”

wegg® would love to help global women entrepreneurs like Mukabideri feed themselves, their families, and their communities for a lifetime…by fostering an expanding global business that thrives for generations. For more information on the resources wegg® has to offer women entrepreneurs, check out our education page.

 

Everything You Need to Know from Our wegginar® with Cristina Bandal

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This past Wednesday, wegg® had the pleasure of hosting the Industry Segment Manager of Retail and Consumer Goods for UPS, Cristina Bandal. Bandal lead one of our free online wegginars®, which provide monthly, accessible education to women entrepreneurs everywhere. Bandal’s talk covered how to overcome the obstacles that people face when trying to sell their products to the global market. She also answered the questions of wegginar® participants. Read their inquiries, and her responses, below:

  1. What’s the single biggest challenge on why people don’t setup an online storefront?  Setting up an international store may sound complicated if you are thinking of creating a country site – but with only a few enhancements, you can make international customers feel at home. 
  2. What are your thoughts on how to factor in taxes, (shipping and duty), to price my products profitably, yet make them affordable to my customers?  With the solution available, your catalogue will provide the information needed to calculate a duty and tax, and offer a landed cost to your customers (and protect you from abandoned goods!)
  3. How does our current trade war with China impact the information presented in this wegginar®?  Whatever tariff regulations are passed are updated to protect the shipments.
  4. Is there a way to target one foreign market when I launch my e-commerce site so that I can test the waters?  YES!!  You can choose what countries to target.
  5. What’s the best way to setup a payment method, in your own currency or the customer’s?  International consumers would like to see their own currency to avoid surprises. By using the UPS i-parcel solution, you are protected by allowing transactions to be processed through UPS, and provide fraud protection.

To read Bandal’s extended answers to these questions, and more, you can view the full presentation (PDF) from the wegginar®, here. wegg® was honored to have Bandal share her experience and knowledge with us.

If you were not able to participate in this month’s wegginar®, we already have registration open for our 12/5 talk with Andrew Molinsky, Ph.D. He will talk about how, “if you are not outside your comfort zone, you won’t learn anything.” Register here.

Show Me the Data Supporting Women in Trade!

Panelists at the recent World Trade Organization’s Public Forum event in Geneva, chaired by UNCTAD Deputy Secretary-General Isabelle Durant, asked which data were necessary for formulating gender-responsive trade policies and how to improve their availability.

Analysis of global value chains – the complex international supply and manufacturing chains along which modern goods pass – can show the important part played by women in global trade but which is missed by trade statistics alone.

“A way to solve this would be to establish a link between exporting firms and their employees to enable better analysis of gender roles across the whole value chain over time,” Nadim Ahmad, chief of the Trade and Competitiveness Statistics Division at the Organisation for Economic Co-operation and Development, said. “In the absence of this, collaboration with the private sector presents opportunities for filling data gaps.”

With the work that wegg® does, we would be pleased to collaborate with UNCTAD to ensure that no woman is left behind on opportunities for exporting and expanding a business globally.  We are also happy to work with the World Trade Organization to craft a policy whereby we offer sustainable trade, technology-enabled trade, and a more inclusive trading system.

Read the entire article about women-supporting trade policies need better data, experts say.  wegg agrees.

wegg® keeps energizing women entrepreneurs the world over. We can help you build confidence, find great resources and show you the steps you can take to go global. Join us for our FREE wegginar® on 11/7 with Cristina Bandal. You can find all of the details, and register for the event, here.

Building Confidence in Global Women Entrepreneurs Ensures They Will Thrive in the Business World

As we are fully aware through our work at WEGG, opportunities for women entrepreneurs have been growing globally at a fast pace.  Take India, for example, where the number of women entrepreneurs is mushrooming, but it is very small when compared to the opportunities the market has to offer.

Recently, Mastercard, a technology company in the global payments industry, released the second edition of the Mastercard Index of Women Entrepreneurs (MIWE). Shamina Singh, president, Mastercard Centre for Inclusive Growth, speaks to Jui Dharwadkar [Hindustran Times, Pune] about the findings of this [2nd] index.

Read more here.  And the Mastercard Index of Women Entrepreneurs (MIWE) can be found here.

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Note: Don’t miss our next WEGGinar™ 5/9/18 on “Building Your Global Brand Through Podcasting” and presented by Kathrin Bussmann, Ph.D., founder and principal, Verbaccino. Register here. Event is free of charge but you must register in advance to attend.
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The Challenges and Rewards to Taking a Business Global

There are many things to think about before you sell and market your products or services overseas — from finding customers, to sealing a business deal, to getting paid.  Yet, if you overcome the challenges to taking a business global, the rewards can be enormous.

What’s most important is to do your homework.  That makes everything you face so much easier and it also provides a level of confidence on what you know you should do next.

Learn more about how to expand your business internationally and overcome the challenges that come with it.

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Upcoming WEGGinar Feb 7Note: Don’t miss our next WEGGinar™ 2/7/18 on “Dare to Be Bold!  Here’s How” and presented by CamMI Pham, Partner, ThinkRenegade. Register here. Event is free of charge but you must register in advance to attend.
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Female Entrepreneurs Face Common Challenges Worldwide

What do women entrepreneurs from Tajikistan and Milwaukee have in common?  They both face common female-owned business challenges worldwide.

Tahmina Karimova owns Ozara, a handicrafts (as shown above) company in Tajikistan.  She is one of four women from Tajikistan visiting Milwaukee, Wisconsin through the International Visitor Leadership Program, part of the U.S. State Department.  Kimberly Kane runs Kane Communications Group in Milwaukee.

The idea behind the program is to strengthen foreign relations by facilitating  conversations among local people and their visiting counterparts. Each year nearly 5,000 people come to the United States through the program, launched in 1940.

“One of the benefits for me is that every country, even one of the most advanced countries in the world, has its own problems,” said Karimova who spoke through an interpreter. “We were coming here with the idea that America is a paradise. However, we are finding out very quickly that there are many problems including female problems. It’s not all as perfect as we thought before.”

Read more … ‘We realized we all have common problems,’ says female entrepreneur from Tajikistan visiting Milwaukee.

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Note: Don’t miss our next WEGGinar™ 10/11/17 on “Navigating Global Business Travel in 2017,” and presented by Stephanie Lewin, Global Immigration Attorney at Berry Appleman & Leiden LLP (www.balglobal.com).  Register here: https://register.gotowebinar.com/register/6874264726093775875.
Event is free of charge but you must register in advance to attend.
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Investing in Women-Owned Businesses Will Enhance Africa’s Productivity

It is the objective of Synergy Systems Consults (UK) Limited, a company that specialises in promoting and identifying partnership and investment opportunities within Africa, to influence dynamic changes in terms of exporting international expertise that will enhance productivity in Africa. For example, the Association of Certified Protocol Practitioners in Nigeria (ACPPN) is a non-profit and non-governmental organization aimed at promoting and raising the standards of protocol practice in Nigeria and sharing best practices globally.

Another initiative is the empowerment of women, which has a great potential to boost economic growth and facilitate the goal of an inclusive sustainable development throughout Africa.  Social, cultural, legal and gender specific barriers tend to deprive women of engaging in specific industry supply chains.  There is a need to promote the successes and transformative framework for women that will eliminate barriers and build stronger economies.

Investing in women-owned business and assimilating them into corporate supply chains can also contribute significantly to the world’s economy. Today’s economy records less than one per cent of spending by large businesses on suppliers as produced by women-owned business, generating new employment opportunities and so on.

To strengthen competitiveness, a country must focus on women’s empowerment to achieve an innovative and growth-oriented environment.

Read more …

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Note: Don’t miss our next WEGGinar™ 7/12/17 on “How to Finance Your Exports,” and presented by Xiomara Creque-Bromberg, Export Finance Manager, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  Register here: https://register.gotowebinar.com/register/4467897765873413377.
Event is no charge but you must register in advance to attend.
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Two Chicago Businesswomen Nail It on Taking Their Business Global

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International expansion offers growth and the opportunity to not only scale a business, but to diversify as well.  And you don’t need a big investment to pull it off.  Here are two cases to prove it.

Chris-Tia Donaldson, founder of Chicago-based Thank God It’s Natural, a line of hair care products for textured hair, grew her global audience through social media—the international orders and distribution requests flowed in from there.  The question for Chris was never should I do this [go global]; it was more, where should I go first?

Jamie (pictured) and Stephanie Kaplan, the sisters who founded Chicago’s Pinch Provisions, which makes “emergency” kits packed with miniature beauty products, bandages and other essentials, saw the opportunity to grow their business internationally fairly quickly but the key to exporting the kits was based on which regulations they thought they could meet as quickly as possible.  They launched in Canada, France and then the U.K., with Australia focused on next.

Chris and the Kaplan sisters offer the following four tips when taking a business global:

  1. Decide where to expand.
  2. Navigate compliance.
  3. Build a retail strategy.
  4. Cross barriers (whether it be language, cultural or currency fluctuations).

Read more:  How two scrappy Chicago beauty companies are nailing international expansion

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Note: Don’t miss our next WEGG webinar 6/8 on “Avoiding Scams, Fraud & Deceit in Your International Business: How to Conduct Effective Due Diligence,” and presented by expert Louise Kern. Register here: https://attendee.gotowebinar.com/register/3785897085114894084. Event is no charge but you must register in advance to attend.

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WEGG Mission

Our mission is to educate, inspire and nurture women business owners and entrepreneurs worldwide on how to go global so they can run healthier businesses and create a new future for themselves, their families and their community.


Women Entrepreneurs GROW Global is a 501(c)3 nonprofit organization. EIN/Tax ID #47-2956522.

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