Archive for the 'Exporting' Category

Middle Market Women-Owned Businesses Are on the Rise

According to the report The Middle Market Power Index:  Economic Might of Middle Market Firms, “Exporting is also increasingly important to middle market firms. While only 6.9% of middle market firms currently export, this number has grown steadily in recent years. The number of middle market companies that export their goods or services has quadrupled during the past six years, surging from 2,766 in 2011 to more than 12,341 in 2017.”

Middle market is defined as firms that have between $10 million and $999 million in revenue.

Middle market firms are increasingly owned by women. The number of women-owned middle market firms has jumped 119.6% from 2011 to 2017, and the total share of women- owned middle market businesses has increased from 6.0% in 2011 to 7.2% in 2017. Middle market firms are also more likely than average to be women-owned enterprises (7.2%) than companies overall (6.5%). As we look toward the future, small businesses that are on the cusp of crossing the middle market threshold − those with between $1 million and $10 million in annual revenues − are even more likely to be women-owned (10.1%).

KEY FINDING:  The number of middle market exporters is increasing rapidly and the number of minority- and women-owned businesses across the U.S. also is on the rise.

Read the report to learn how middle market firms are growing smart and growing globally.

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What is cloud computing?  As an SME, how can you benefit from it?  Find out key growth lessons from more than 50 startup owners using cloud computing. 

Join us for our next WEGGinar™ 7/11/18 on “Intro to Cloud Computing and How It Can Benefit You,” presented by Jayger McGough Tomasino and Carly Kizorek, Technical Evangelists at IBM.  They will give you the scoop on cloud computing, convey how SMEs use it to grow, and even show a demo of IBM Watson services.  Register here.

Event is free of charge but you must register in advance to attend.
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Export Success with Women Entrepreneurs In Ireland Remains High

It shouldn’t surprise you that women entrepreneurs and business owners in Ireland are leading the way in exports and Enterprise Ireland CEO Julie Sinnamon (pictured far left) is behind the push to get more Irish businesses into global markets.

In Ireland, as in many countries, exports are a primary driver of economic success.

Read more about how women are leading the way in Irish exports.

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Note: Don’t miss our next WEGGinar™ 4/4/18 on “How a Wicked Road Trip to Minturn, Colorado Inspired a Thriving Global Design Business” and presented by Julia Knight, founder of Julia Knight Collections. Register here. Event is free of charge but you must register in advance to attend.
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WEGG: Clearing the Path for Women to Take on the World

Through collaboration and a passion to help small businesses succeed, EXIM Bank and Women Entrepreneurs Grow Global (WEGG) were able to arm KOVAL Distillery with the resources and support needed to exceed its global business growth goals.

One of WEGG’s members, Sonat Birnecker Hart, president and co-owner of KOVAL Distillery, hosted a WEGG workshop and also presented at the event. KOVAL Distillery produces organic whiskey, liqueurs and specialty spirits that are sold throughout the US, Europe, Canada, Australia and Asia.

Ms. Hart says:

“We recognized that as our export business grows, it would behoove us to have a system in place to be able to send over more product and build stronger relationships with our partners. Having the support of EXIM Bank allows us greater flexibility to meet the needs of our growing markets, while providing us with the security to aim higher,” Sonat explained.

The two organizations, EXIM Bank and WEGG, will continue to work together and cultivate these opportunities for women entrepreneurs throughout the US.

WEGG’s work revolves around educating and helping women entrepreneurs and business owners export their products and services throughout the world.

Read more about how EXIM Bank and WEGG are clearing the path for women to take on the world.

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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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Be Joyful and Gear Up to Go Global in 2018

As we enter into a new year, WEGG will continue its focus offering top notch education programming via its popular monthly WEGGinars™ and on-the-ground workshops but we will also look into building an online platform that facilitates “access” to key movers and shakers in international trade and encourages more knowledge sharing peer-to-peer.  Watch for more on this development as the year progresses.  And if you are not signed up for our WEGG World Newsletter, here’s a sample of what you missed in our last issue.  By signing up, you can stay in the know on all things related to expanding your business globally.  It’s the eve of a new year:  be joyful and gear up to go global.

Meanwhile, the public-private consultation on the development of ‘Women National Business Agenda’ was organised by the Centre for International Private Enterprise (CIPE) and USAID Pakistan Regional Economic Integration Activity (PREIA) in collaboration with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).  The goal of this women-specific agenda is to give women a voice – ‘a first step towards their participation in the economic policy advocacy process’. Here’s one suggestion.

Recommendations to the Trade Development Authority of Pakistan (TDAP) included allocation of 25 per cent budget/quota for women exporters to ensure their participation in TDAP-sponsored trade delegations/exhibitions, establishing of platforms for knowledge sharing, and increasing formal exports by women entrepreneurs in online business.

Read more about how businesswomen in Pakistan need more facilitation

Joy, prosperity and good health in 2018!

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Note: Don’t miss our next NEW YEAR WEGGinar™ 1/10/18 on “Laurel Delaney’s Global Trade Trends Report 2018” and presented by Laurel Delaney, President, WEGG and Founder, GlobeTrade.com. Register here:  https://register.gotowebinar.com/register/1940601026277957634
Event is free of charge but you must register in advance to attend.
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A Spur to Action: Get More Women to Export

Women-led small businesses in Northern Ireland are less likely to be exporters and female business leaders are less likely to consider investing and expanding than their male counterparts.

Exporting doesn’t necessarily mean investing in large and complex supply chains. It could mean something as simple as creating a website from a template and taking orders via email. It also doesn’t need to reach every market around the world – there are plenty of near-market opportunities in the rest of the UK and Ireland that are there to be seized.

The bottom line is there is no magic bullet to exporting.  It requires the right mindset, an appropriate business model, hard work and support from resources such as WEGG.

Read more about spurring female-led companies to export-action.

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Note: Don’t miss our next WEGGinar™ 1/10/18 on “Laurel Delaney’s Global Trade Trends Report 2018” and presented by Laurel Delaney, President, WEGG and Founder, GlobeTrade.com. Register here:  https://register.gotowebinar.com/register/1940601026277957634

Event is free of charge but you must register in advance to attend.
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Women Who Are Trying to Build Something and Take it Global

Alexis Castellano and Jill Slater won the popular Facebook show theSkimm Get Off the Couch contest through efforts at their FASTEN company. FASTEN design and technology is unique around the world and they aren’t just gaining popularity in the U.S. market but the international market is gaining momentum as well.

When asked what inspires them most?  Jill comments, “Other women business owners are my inspiration. I’ve been so inspired by the incredible community of women in business and how supportive we are for each other. It’s an amazing network of women who get up every day and are trying to build something.”

Alexis adds, “My daughters are my inspiration. I’m doing what I’m doing because I believe so passionately in our products, and I want my girls to know that whether we would succeed or not, we have already succeeded by not letting this go.”

Get off your couch 🙂 and read more … 

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Note: Don’t miss our next WEGGinar™ 11/1/17 on “UPS Takes the Guesswork out of Global Shipping” and presented by Andrea Cervini, UPS Illinois, Small Business Marketing Manager (https://global.ups.com/how-to-ship-internationally/).  Register here: https://register.gotowebinar.com/register/3272777010361474561.
Event is free of charge but you must register in advance to attend.
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WEGG Unlocks Export Opportunities for Women-Owned Businesses

Michael Froman, former U.S. Trade Representative, had it right when he said it is important for women-owned businesses to be able to export their products because studies have found that women-owned firms that export not only earn more, but also employ more people and are, on average, more productive than women-owned firms that do not. Through exporting, women also energize our economies.

We’ve said it time and again that exporting has very real advantages and puts women business owners on a path toward greater growth and profitability.

Read more about how women worldwide are unlocking export opportunities for their businesses.

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Note: Don’t miss our next WEGGinar™ 11/1/17 on “UPS Takes the Guesswork out of Global Shipping” and presented by Andrea Cervini, UPS Illinois, Small Business Marketing Manager (https://global.ups.com/how-to-ship-internationally/).  Register here: https://register.gotowebinar.com/register/3272777010361474561.
Event is free of charge but you must register in advance to attend.
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What Do Women and Whiskey Have in Common With Going Global?

What do women and whiskey have in common with going global?  Plenty. Because our next on-the-ground WEGG event takes place at the famous KOVAL Distillery in Chicago on Tuesday, September 19 from 9:30 a.m. – 11:00 a.m. Central time where Dr. Sonat Birnecker Hart will talk about “The Top 3 Export Lessons Learned from a Chicago Distillery.”  The program also includes a tour of KOVAL Distillery.

Dr. Birnecker Hart is owner and president of Chicago-based KOVAL Distillery, and has spearheaded product development, distribution, and marketing. With over 50 awards, including gold medals on both sides of the Atlantic, KOVAL is considered one of America’s leading craft distilleries. Recently earning the title, Illinois Exporter of the Year, KOVAL has demonstrated a focus on international distribution and growth abroad with availability throughout the EU, Australia, New Zealand, Canada, Japan, South Korea, and in the coming months, Taiwan and China.

The event is hosted by Women Entrepreneurs GROW Global (WEGG) and in collaboration with ICNC/SBDC.  WEGG thanks its sponsors for making this educational program possible:  UPS, IBM and BAL.

To learn more and to register (it’s not too late … a few seats left), visit:
https://www.eventbrite.com/e/wegg-icnc-export-workshop-tickets-36226102247

We look forward to seeing you there!

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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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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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