Archive for the 'Enlighten Me!' Category

The WEGG Library For All Things Related to Exporting

Are you aware of our library of vast resources at Women Entrepreneurs GROW Global (WEGG)?  Below is a snapshot of presentation decks where the presenters freely share their work, which means you have a choice to listen to the WEGGinar™ recording and/or review the presenter’s slides, and we also feature a couple of useful articles to accelerate your growth.

Find all 19 of our WEGGinars™ to date (September 30, 2017) here.  And, of course, don’t miss our next one below.

Meanwhile, let us know what topics you want covered in 2018.  We are already busy at work on many of them (e.g., international labelling, how to be bold in the global marketplace!, global trends in 2018, etc.)  Please email me your ideas at (ldelaney@womenentrepreneursGROWglobal.org) because we want to make sure we are helping you grow your business globally as quickly and efficiently as possible.  Thanks so much!

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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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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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The Story of Happy Beginnings: Women Entrepreneurs

In this post we focus on:  Why women don’t see themselves as entrepreneurs; five challenges faced by women entrepreneurs; gender differences in perceptions and propensity to start a business; and, diversity in innovation.  It’s really a story of happy beginnings about and for women entrepreneurs.  Read on.

1. Why women Don’t See Themselves as Entrepreneurs (The New York Times)

This article addresses why don’t more women become entrepreneurs?

Key point at the end:

She [Sheila Lirio Marcelo, the founder of Care.com] also advised women to develop thicker skin. “Men tend to shake off rejection more quickly than women,” she said, “but it’s absolutely true that entrepreneurs are made or broken by how they bounce back from adversity.”

2. Empowering Equality:  5 Challenges Faced by Women Entrepreneurs

This article focuses on what holds women entrepreneurs back? Why are women-owned firms less likely to also be growth-oriented firms?

3. Seeing the World with Different Eyes:  Gender Differences in Perceptions and the Propensity to Start a Business

Across countries, women own significantly fewer businesses than do men. The authors in this paper show that this is due primarily to the fact that “the propensity to start businesses of women is significantly lower than that of men. The lower propensity of women, in turn, appears to be highly correlated to women’s lower average levels of optimism and self-confidence, and higher fear of failure.”

4. Diversity in Innovation – Working Paper (Harvard Business School)

In this paper, the authors document the patterns of labor market participation by women and ethnic minorities in venture capital firms and as founders of venture capital-backed startups.

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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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Boss Daughter

bossdaughter

Women entrepreneurs worldwide are carving out a niche for themselves in unconventional businesses.  Take Aakanksha Bhargava.  She joined her father’s logistics business in 2007, and for the longest time, subordinates did not take her seriously.  Fast forward to 2017 and she is the undisputed boss.  Yes, the boss daughter, but still the boss, and over the last decade, she has helped grow the business exponentially.

“I worked hard to change the perception of the people as well as the fortunes of the company,” she said. Bhargava asserted there are no differences between a woman and a man when it comes to business.

And then there’s the founders of cow-based sustainable living company A2 Naturals, run by Shivali and Radhika Miglani and their mom.

“Extensive R&D into merging the traditional with the modern led to developing a range of cow-based, daily-use products,” said Radhika, adding that the quirkiness of her business is often frowned upon.

Pointers from the article:

  • The success of a woman lies in supporting other women
  • A mom can be the strongest pillar of support.
  • Take the plunge [business ownership] and you will see the miracles.
  • The hurdles [to starting a business] are just in the mind.
  • Always do what you feel you need to do.
  • There are no differences between a man and a woman when it comes to business.
  • There is nothing a woman can’t do.  Absolutely, it’s an open secret!
  • Being a woman [ global] entrepreneur makes me feel more in control of my life.
  • In our office, the smartest women surround me.

Read more here.

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next_up_3mar_2017_wegginarNote: Don’t miss our next WEGG webinar 3/8/17 on “Regulations, Conventions, and Battles of the Spirit: The International Trade of Craft Spirits,” and presented by Dr. Sonat Birnecker Hart, President and Co-founder of KOVAL Distillery. Register here:
https://attendee.gotowebinar.com/register/1699936616236520962.
Event is no charge but you must register in advance to attend.

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Talented Women Taking on the World of Mariachi

Mariachi is a folkloric tradition as macho as it is Mexican. Eight years ago (2008), Mireya Ramos and Shae Fiol sought to up-end convention and founded Mariachi Flor de Toloache, New York City’s first and only all-female mariachi band. With their bandmates Julie Acosta and Eunice Aparicio, the musicians traded in traditional mariachi skirts for homemade suits and created an empowering space for women while staying true to the music and spirit of mariachi.

In 2015, the group was nominated for 2015 Latin Grammy in Best Ranchera Album Category!

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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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Confidence and Bold Growth Plans Will Take You Global

ConfidenceAndBoldGrowthPlansCanGetYouGlobal

A survey of Asia-Pacific women entrepreneurs has found that “while confidence and bold growth plans are trademarks of the region’s female business owners, they face some behavioral barriers to successfully scaling their operations.”

The survey was conducted as part of the EY Entrepreneurial Winning Women™ (EWW) Asia-Pacific program, which is sponsored by Standard Chartered, and assists established women-led businesses ready to become global market leaders.

Here’s one finding:

An overwhelming majority (90%) of the 143 respondents reported that they plan to scale their business, with 60% planning to grow internationally and 16% working toward an IPO. Almost two-thirds (58%) of those surveyed have explored external financing options; however, 73% admitted they found the process “intimidating.”

Learn more:  High-Potential Asia-Pacific Women Entrepreneurs Have Appetite for International Expansion New Survey Finds 

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Note: Don’t miss our next WEGG webinar 8/24 on “Reach Multilingual Markets: Creating Content, Developing Effective Partnerships, and Utilizing Translation Technology,” and presented by expert Jennifer Murphy, Director of Marketing, Eriksen Translations, Inc. Register here: https://attendee.gotowebinar.com/register/8702241284561995012. Event is no charge but you must register in advance to attend.

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The Upside Potential of an Interconnected World

TheUpsideOfAnInterconnectedWorld

At a recent Global Entrepreneurship Summit at Stanford University, President Barack Obama says people succeed and communities prosper when they have the skills and resources needed to start their own businesses [and go global we might add!].

Women, minorities and those “locked out” by the existing social order, which the president described as “people who aren’t part of the old boy’s network,” can become empowered entrepreneurs when they can turn their ideas into reality, he said.

He added:  “I believe all of you represent the upside of an interconnected world.”

Read more:  Obama:  Entrepreneurship helps women, minorities around the world

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next_up_13July_2016_wegginarNote: Don’t miss our next WEGG webinar 7/13 on “China Exports: Growing Brand Recognition Locally First,” and presented by expert Nicole àBeckett, President of Mercatura Global. Register here: https://attendee.gotowebinar.com/register/1045496295028407041. Event is no charge but you must register in advance to attend.

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And one more thing!  If you are based in Chicago, don’t miss a great LIVE event on July 13th  where one of our past WEGG presenters, Louise Kern, will be discussing Saving Your #$%:  Due Diligence in International Transactions.  To find out more and to register, visit: http://calendar.itagc.org/docs/ITAGC_Calendar_8255.pdf (fee involved).  Be sure to mention WEGG when you register to get your special discount.

Nasty Gal’s Sophia Amoruso Puts Her Big Global Girl Shoes On

NastyGal's ophiaAmorusoPutsHerBigGlobalGirlShoesOn

I wrote about 32-year old Sophia Amoruso (pictured above), founder of Nasty Gal, in my book, “Exporting:  The Definitive Guide to Selling Abroad Profitably.”  Back then (2012), Nasty Gal made about $100 million in revenues.  She has become a fashion phenom by overseeing a nascent but growing e-commerce site, selling edgy, stylish clothes to a loyal fan base.

Screen Shot 2016-06-04 at 3.03.54 PMCurrently, she generates $300 million in revenues, according to Forbes’ estimates.

According to Forbes, “It [Nasty Gal] topped industry bible Internet Retailer’s list of the year’s 500 top e-commerce performers, beating out the likes of Apple and Amazon with a 92.4% five-year compound annual growth rate.”

Is her company global?  You bet.  Will she take her company public someday?  Our guess is yes.  We’ll just have to wait patiently and see. Meanwhile, strike a pose.  Buy a nasty gal outfit.

Read more:  Nasty Gal’s Sophia Amoruso Hits Richest Self-Made Women List With $280 Million Fortune

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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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Our mission is to educate 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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