Archive for the 'Barriers to trade' Category

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

Published April 28, 2018 Barriers to trade , Economic growth , Enlighten Me! , Equality , Gender challenges , global women entrepreneurs , Research Leave a Comment
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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

Published January 21, 2018 Barriers to trade , Global trade , International business Leave a Comment
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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

Published October 7, 2017 Barriers to trade , Education , Gender challenges Leave a Comment
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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

Published June 25, 2017 Barriers to trade , Country specific , Economic growth , Education , Equality , Gender challenges Leave a Comment
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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

Published May 7, 2016 Barriers to trade , Cross border compliance , Exporting , global women entrepreneurs , Inspiration Leave a Comment
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TwoChicagoWomenNailItOnTakingTheirBusinessGlobal

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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Attracting and Promoting Women Entrepreneurs in Cross-Border Trade

Published July 18, 2015 Barriers to trade , Cross border compliance , Global trade , global women entrepreneurs Leave a Comment
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Screen Shot 2015-07-18 at 4.58.50 PM

Women play a big role in regional, national and international trade, competitiveness and economic growth.  Governments, private sectors and nonprofits such as WEGG can contribute and support women in economic leadership and global trade..

For example, women entrepreneurs in Uganda have asked their government to address the issues of non-tariff barriers (NTB), saying they hinder women’s participation in cross border trade.  NTBs are a form of restrictive trade where barriers to trade are established and take a form other than a tariff.  Non-tariff barriers might include quotas, levies, embargoes, sanctions and other restrictions.

Uganda Women Entrepreneurs Association Ltd. (UWEAL) indicates there is need for concerted efforts to address the challenge of NTBs, to come up with solutions and to attract and promote more women in cross border trade.

Read more:  Non-Tariff Barriers Failing Cross-Border Trade

Screenshot courtesy:  UWEAL

 

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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