Archive for the 'Business Development' Category

Mary Dillon: Making the World More Beautiful

screen-shot-2016-10-23-at-4-13-13-pmMary Dillon (pictured), who runs Ulta Beauty, a place where women can get all their beauty needs met, is bucking a trend.  Where many big name retailers are closing locations, the beauty retailer recently opened its 900th location, more than double the number five years ago.  The company reached total sales of $3.9 billion in 2015, nearly three times 2008 sales levels.

Will there be room for international growth at Ulta over the next couple of years?  That’s the question that begs to be asked.  With its rapidly growing e-commerce business, one would think so.

Read more:  How Ulta and Mary Dillon Are Winning the Beauty Battle

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Note: Don’t miss our next WEGG webinar 11/2 on “Introduction to Value Added Tax (VAT) When Doing Business Overseas,” and presented by Britta Eriksson, co-founder, president and CEO, Euro VAT Refund, Inc.  Register here: https://attendee.gotowebinar.com/register/6659176058705524994. Event is no charge but you must register in advance to attend.

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Best Practices in Promoting Women’s Entrepreneurship in China

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In launching a national workshop to promote women’s development in Yiwu, east China’s Zhejiang Province, the All-China Women’s Federation (ACWF) provides women entrepreneurs with a broad stage for future growth and development on all levels, including business ownership.

The training course presented some of the latest opportunities and challenges in women’s development in light of the ongoing reforms of mass organizations and the Communist Youth League. Organizers summarized and shared their experiences on good practices and in promoting women’s entrepreneurship and innovation, in serving women’s development needs, as well as arranging future work in a proven way.

Read more:  Women’s Development Workshop Launched in E China

Photo courtesy:  Cui Yu, vice-president and member of the Secretariat of the ACWF.

Due to Challenges in India, Women Become Entrepreneurs

ChennaiIndiaStreetLife

An all-women fish-pickle unit based in Chennai-India, operated and owned by Sea Dot, a self-help group of female fish workers whose communities were shattered by the tsunami of Dec. 26, 2004, has become a way to build back lives for the women’s families after the destruction of their houses and fishing boats.

Many of the women involved in Sea Dot have no other skills then to do what they are doing so the thought of losing their jobs is scary but not as frightening as what they have already been through with the tsunami.

What the women have learned in the course of rebuilding their lives is how to run a community business efficiently and become entrepreneurs:

In 2008, the women took charge of the unit, overseeing its official registration in the name of their self-help group and bar-coded to identify their products worldwide. They divided responsibilities for purchase of raw materials, managing accounts, marketing, maintenance, quality control and redress grievances.

There’s no turning back on thriving.  Read the entire article:  Women of the Tsunami Face Business Survival Test

Photo Credit: chicsnap_sp

Do Not Hesitate: Move Into New Markets

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As a woman business owner, are you cautious when it comes to taking risks?  You are not alone.  Many business women are but when big risks lead to big rewards, female leaders must develop a different attitude if they are going to increase their growth prospects.

According to a US survey many female business owners struggle to find an appropriate balance between risk and caution. The survey of nearly 250 women by the Commonwealth Institute South Florida found female leaders and owners are optimistic about growth for their businesses in 2014. But while they express interest in expanding product lines and moving into new geographies, most hesitate to take a financial risk.

Read more:  Hesitancy can hinder women’s success

Photo Credit: symphony of love

Posted by:  Laurel Delaney

Welcome WELA

Kenyanwoman

The Women Entrepreneurship and Leadership for Africa (WELA) in Kenya aims to empower female executives in the small and medium enterprise (SME) segment. Kenyan female entrepreneurs will benefit from a mentorship program recently launched by industry lobbyists  and world renowned business think tanks.

For all Kenyan women entrepreneurs, this is a good way to rebrand your business, explore new markets and forge strategic relationships in order to grow.

Read more:  Kenya launches program to empower female entrepreneurs 

Photo courtesy:  Flickr

(Have a minute?  Please vote for my new “Exporting” book, which has been nominated for the Small Business Book Award in Technology!  Click on the box below and then click VOTE.  Thanks so much in advance.)

Posted by:  Laurel Delaney

There’s No Shortage of Ideas in Dubai

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Dubai Metro

As with entering any new market, you must do your homework, be at the right place at the right time, select a good idea, rely on a little luck and have the finances to support your effort.  Dubai is a worth a look but explore with caution.

Unfortunately, many who enter the market do so without an in-depth study of the potential risk possibilities, competitive analysis, or roadblocks for the product or service they are looking to represent. There are government rules and requirements needed to bring a product into the country, and not doing your due diligence can cause your product to be stuck at customs for months, or completely rejected causing great expense to any new business owner.

There’s absolutely no shortage of business ideas in Dubai, making it difficult to come up with something fresh and something new.  So choose a brilliant idea (something no one else is doing), be diligent, do your homework and prepare for success.

Read the entire article here.

Photo courtesy:  Fabio Achilli

Posted by:  Laurel Delaney

Forge a Global Partnership

GlobalPartnershipsWEGG

We posted about this fabulous article on our sister site, The Global Small Business Blog.  Women continue to embrace entrepreneurship and forge relationships across borders.  Forming global partnerships is a way to expand internationally.

… women all over the world have also taken hold of entrepreneurship as shown by the Gender Global Entrepreneurship and Development Index (Gender-GEDI) released in June and the just-released Global Entrepreneurship Monitor (GEM) 2012 Women’s Report, sponsored by Babson College and two international universities.

Read the entire article here.

Related articles:

•  Global Strategic Alliances:  Advantages and Disadvantages to Global Strategic Alliances

•  Global Strategic Alliances:  Negotiating the Deal on a Global Strategic Alliance

•  Global Strategic Alliances:  Enter Into a Global Strategic Alliance (GSA) For the Right Reasons

Photo courtesy:  United States Mission Geneva

Posted by:  Laurel Delaney

Boost Business Through Exports

EasternCape

Eastern Cape, South Africa (Port Elizabeth)

Eastern Cape businesswomen are on a mission through an Eastern Cape cooperative to crack into international markets.  Thanks to the Department of Trade and Industry (the DTI), more than thirty-three business people are participating in in the 30th International Fair of Luanda Trade Exhibition popularly known as FILDA, taking place in the Angolan capital of Luanda.

One of the participants, Mbecwa says:

“I am also harbouring ambitions of seeing our soya mince which we produce in Butterworth, attracting attention from the Angolan people or even exhibitors from other countries so that we can start exporting. Entering the export market will be a huge boost to our business and will result in us expanding our business by increasing production and hiring more people.”

Read the entire article here.

Photo courtesy:  flowcomm

Posted by:  Laurel Delaney


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