Archive for the 'Enlighten Me!' Category

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 WEGG webinar 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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The World Needs More Women Entrepreneurs

Screen Shot 2015-12-06 at 10.46.28 AM

A report by The Economist (11/18/13) quoting Tory Burch (pictured), chief executive and designer, Tory Burch, indicates investing in businesswomen will boost the economy for everyone.  The article goes on to say:

Women’s empowerment will be front and centre in 2014 [and the rest of our lifetime] as more companies, communities and countries invest in women’s entrepreneurship.

Read more:  Why the world needs women entrepreneurs

Women’s entrepreneurship is not a passing fashion.  It’s here to stay and will only keep growing globally.

Screen Shot 2015-12-06 at 10.39.57 AMGift of the week:  We wrote about Wine for the World on 8/15/15.  As a gift to all WEGG readers, they have offered a special 15% discount off purchases.  Use:  TryGOODWines15.  Go here to start shopping.

Stop At Nothing to Get Your Story Told Worldwide

Nellie Bly

Nellie Bly

Elizabeth Bisland

Elizabeth Bisland

Racing Nellie Bly is based on historical characters, Nellie Bly (a writer, industrialist and inventor) and Elizabeth Bisland (a journalist and author). In 1890, these rivaling journalists from New York City raced each other in opposite directions to beat the record around the world in eighty days.

Barbara Wadkins discovered Bly and Bisland long before they were popular and wrote a spec script for a feature film. It came very close to getting picked up by several companies, but never quite hit. But she continues to tell the story so others can benefit from the heroes these women were.

A little history on Nellie:

Nellie Bly embraced the changes. She pushed the envelope of investigative reporting and stunt journalism, making front-page headlines. Bly loved the electric excitement in the air. Joseph Pulitzer, publisher of The New York World, found in her his secret weapon to compete for outrageous headlines. Bly masterminded incredible schemes, donned elaborate disguises, aked exotic accents — in short, she stopped at nothing to get her story.

Here’s a clip from the Barbara’s site to get a better idea about Nellie:

Nellie Bly “held her breath until she turned blue” in the offices of her editors. She had been routinely writing front-page articles that had caused readership to surge. With her fan base growing, Bly was always searching for new ideas to top her own records. Restless and wanting something bigger, she had an idea that she believed would grip audiences around the world.

A little history on Elizabeth:

Elizabeth Bisland, on the other hand, loved things the way they were. She was a beautiful, snooty, high-society essayist who believed in ladylike behavior and did not allow her byline to appear on her scholarly articles. Bisland resented and feared the changes Bly was spearheading.

In the end, who wins?  I’ll let you find out because their adventures are worth exploring and offer many life lessons for all of us.

Thanks Barbara Wadkins for sharing their story with us.  And keep on telling your story!

Read more at:  Nellie Bly:  Rule Breaker Races Around the World


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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.

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