Archive for the 'Economic growth' Category

Women Entrepreneurs: A Global Phenomenon

In recent years, the rate of women entrepreneurs has been growing at a percentage at least double that of their male counterparts. And as Elaine Pofeldt for CNBC says, “the Golden Age for women entrepreneurs has finally begun. The stars have aligned to help trigger the trend as robust ecosystems churn out enterprising females equipped with inspiration, know-how and funding.”  We could not agree more.

Ms. Pofeldt goes on to say that a microcosm of the trend is CNBC’S inaugural Upstart 25 list, where 10 of the company fledglings were founded by women in a host of industries — from neuroscience to finance to retail.

Meanwhile, in the 40 economies participating in the sweeping Global Entrepreneurship Monitor (GEM) survey in both 2011 and 2016, women’s entrepreneurship rates rose by 13 percent on average, while male rates increased by 5 percent, according to lead author Donna Kelley, a professor of entrepreneurship at Babson College, which prepares the report with Baruch College.  The growth has been very swift in recent years.

Learn more about why women entrepreneurs will be the economic force to reckon with in 2017 and in years to come.

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Note: Don’t miss our next WEGGinar™ 12/6/17 on “Harnessing the Power of Diversity and Inclusion:  Creating a Workplace that Works” and presented by Joselyn DiPetta, Google and Managing Partner at Present Possibility. Register here:
https://register.gotowebinar.com/register/1837790091765976835
Event is free of charge but you must register in advance to attend.
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Women Entrepreneurs Are at the Forefront of Transformation

According to the 2017 Bank of America Women Business Owner Spotlight, an annual study of more than 1,000 small business owners, women entrepreneurs expect BIG cracks in the glass ceiling over the next 20 years, with a majority believing that women will match or exceed men in a number of areas, including but not limited to:

  • 80% of female entrepreneurs foresee greater or equal representation of women in STEM (science, technology, engineering, math) fields compared to men in STEM.
  • 68% believe women will match or exceed men in executive leadership or C-suite role representation.
  • 66% believe there will be more women-owned small businesses compared to those owned by men.
  • 61% of women believe their wages will be equal to or greater than those of men.

The study also found that women small business owners have shown significant increases in optimism toward the economy improving in the year ahead – including confidence in their local economy, the national economy and the global economy (32 percent in 2017 vs. 16 percent in 2016).

Read more …

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Note: Don’t miss our next WEGGinar™ 9/6/17 on “How to Win the Trade Game With Export Finance,” and presented by Jeff Deiss, Regional Export Finance Manager, Northern California | International Trade Finance Manager-Western US US Small Business Administration – Office of International Trade | US Export Assistance Center (www.sba.gov/international).  Register here: https://register.gotowebinar.com/register/4753604763900421122.
Event is free of charge but you must register in advance to attend.
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Why Women-Owned and Women-Run Businesses Outperform

It’s a fact:  women-owned and women-led businesses perform better. And that’s why going global is such an appealing avenue of growth for women entrepreneurs and business owners.

Shark Tank’s Kevin O’Leary says:

O’Leary speculated that the women’s outperformance is due to more effective time-management skills and an aptitude for setting achievable quarterly goals. The women-run firms in his 44-company portfolio reach their goals 90% of the time, compared to 65% for men-run firms, he says. He believes these strengths lead to higher employee morale and better results.

Other strong possibilities on why women entrepreneurs perform better beyond pushing boundaries:

  • Smarter decision-making that follows from more diversity of thought; women challenge stale ways of thinking, re-examine facts, generate more innovation and sharpen performance.
  • Greater efficiency with money.
  • Taking more carefully calculated risks (forget the myth that women are risk-adverse!).
All these great characteristics can naturally lead women to expand their businesses internationally.  The qualities go hand in hand.

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Note: Don’t miss our next WEGGinar™ 9/6/17 on “How to Win the Trade Game With Export Finance,” and presented by Jeff Deiss, Regional Export Finance Manager, Northern California | International Trade Finance Manager-Western US US Small Business Administration – Office of International Trade | US Export Assistance Center (www.sba.gov/international).  Register here: https://register.gotowebinar.com/register/4753604763900421122.
Event is free of charge but you must register in advance to attend.
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Yes to India on Supporting Women-Owned Businesses

India-based Yes Bank (private sector) has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.

This is the third round of funding to the bank as part of arrangement with the Overseas Private Investment Corporation (OPIC) – the US government development finance institution – and Wells Fargo.

An estimated three million women-owned businesses in India employ over eight million people. However, only about a quarter of them are able to get the finance they need to grow and create jobs.

Hopefully, this will drive future economic growth and job creation in India for women entrepreneurs.

Read more …

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Note: Don’t miss our next WEGGinar™ 8/2/17 on “How Two Savvy Moms Started a Bed Business and Took It Global,” and presented by Betsy Mikesell, CEO, and Angie White, CFO, of Beddy’s (www.beddys.com).  Register here: https://register.gotowebinar.com/register/1512287365281961985.
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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3 Reasons to Support Nigerian Women in Agriculture

Supporting the food sector, agro-allied businesses and specifically women farmers, boosts the national economy, increases national food supply and exports, empowers women and provides healthier food choices for our families.

In Nigeria, they prefer to buy locally; thereby, enhancing their food security and local consumption.  Also by supporting the local female farmers in Nigeria, we are directly:

  1. Powering entrepreneurial investment and exports.
  2. Supporting women-owned businesses.
  3. Helping to put money back into her [a woman’s] household that will feed her children.

As the article below states:

Dried fruits and foods such as plaintain chips can be processed in different ways and sold for economic gains for the farmer, the processor, the exporter and the nation as a whole. All of these are more than sufficient reasons why women should be aggressively and deliberately positioned for economic empowerment.

Read more …

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Note: Don’t miss our next WEGGinar™ 5/10/17 on “How to Improve Your Website For Global Customers,” and presented by John Yunker, Co-founder of Byte Level Research, author of “Think Outside the Country.” Register here:  https://attendee.gotowebinar.com/register/4596645079593705731.
Event is no charge but you must register in advance to attend.

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Women Entrepreneurs Need Access to International Markets to GROW

women-entrepreneurs-needaccesstointernationalmarketstogrow

Our Coalition Partner, Women Impacting Public Policy, talks about ten things our U.S. presidential candidates need to know about women entrepreneurs.  We could not agree more with one of their points:

Women business owners seek markets beyond US borders. With 95% of consumers living outside of the U.S. representing 2/3 of the world’s purchasing power, women’s growth must be fueled by access to international markets. Strengthening the existing support of the Federal government for small firms should complement non-profit and private export assistance to small businesses. Our government must continue its efforts strengthening intellectual property (IP) rights and protections at home and abroad to encourage more entrepreneurship and the global expansion of women-owned firms.

Read more:  Ten Things Candidates Need to Know About Women Entrepreneurs

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next_up_5oct_2016_wegginarNote: Don’t miss our next WEGG webinar 10/5 on “Cyber Security,” and presented by Linda Kelly, Sr. Relationship Manager, Commercial Client Coverage, HSBC Bank USA. Register here: https://attendee.gotowebinar.com/register/7621255329636249348. Event is no charge but you must register in advance to attend.

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The US Empowers Women Entrepreneurs in Africa

U.S Ambassador to Botswana, Earl Miller

U.S Ambassador to Botswana, Earl Miller

The African Women Entrepreneurship Program (AWEP) in partnership with United States Agency for International Development (USAID) provides professional networking business development and trade capacity building system of opportunities for networks, which will assist female entrepreneurs across sub-Saharan Africa in relation to their businesses. In Africa, women are the backbone of communities and the country’s greatest potential to unlocking economic growth as they provide the majority of labor with the least amount of resources.

For her part AWEP chairperson, Chigedze Chinyepi encouraged women in businesses to take advantage of the programme in order to develop their businesses and mindset.

The partnership is expected to bring positive results in changing lives and businesses of women entrepreneurs in Maun and the surrounding areas.

Read more:  US-backed agency empowers women entrepreneurs

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next_up_5oct_2016_wegginarNote: Don’t miss our next WEGG webinar 10/5 on “Cyber Security,” and presented by Linda Kelly, Sr. Relationship Manager, Commercial Client Coverage, HSBC Bank USA. Register here: https://attendee.gotowebinar.com/register/7621255329636249348. Event is no charge but you must register in advance to attend.

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