Archive for the 'Finance' Category

Lack of Capital for Women Business Owners Might Lead to Forced Creativity

Ottawa, Canada researchers Clare Beckton and Janice McDonald are eager to try to determine if factors such as a lack of access to capital make women more likely than men to devise inventive new ways of doing business out of necessity, such as taking a business global.  That could be construed as forced innovation or creativity.  It’s time to find out.

“When you are underfunded and perhaps don’t have resources, you get pretty darn creative,” she says. “It forces innovation. Given that we know that access to capital is very challenging for women entrepreneurs, has that limited access to capital shaped outcomes in terms of how they’ve approached innovation? We’re not saying that those two are necessarily linked. We’re just wondering, are they? If so, in what way?”

Read more …

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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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Stubborn Wage Gap for Women Worldwide

Closing the Wage Gap For Women Worldwide

Happy 2017.  For those who missed Laurel Delaney’s webinar, “Laurel Delaney’s Global Trade Trends Report 2017,” you can access it here. And find her presentation deck here.  Now, to other important business matters.

Why is there such a stubborn wage gap for women worldwide?  Your guess is as good as ours but one thing is certain:  As a result of this trend, we’ll see more and more women starting their own businesses and taking them global at the outset.

Meanwhile, in Canada, for example, in an article in Canada’s Corporate Knights magazine, they feature a list of 100 highest paid CEOs including five people named Marc or Mark, five named Michael, four named Al, John, Paul and Steve, and three named Brian, Charles and Donald.  Where are the women?  There were just two women among those 100 corporate elites in 2015.

The United States has the same problem.  On average, American women earn less than their male peers. Highly educated women fare worst of all. For example, when the comedian Ricky Gervais joked that he was paid the same to host the Golden Globes as the actresses Tina Fey and Amy Poehler — combined — his snide humor most likely echoed throughout many workplaces.

Let’s hope in the future that the wage gap is once and for all closed for women worldwide.

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Note: Don’t miss our next WEGG webinar 2/1/17 on “How to Leverage Social Media to GROW Global,” and presented by Melisa Hinosoja, IBM Digital Marketing and Commerce Specialist.  Register here: https://attendee.gotowebinar.com/register/4285210609604750594. Event is no charge but you must register in advance to attend.

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Disruptive Funding For Global Female Entrepreneurs

disruptivefundingforwomenentrepreneurs

SheEO founder Vicki Saunders (pictured below) is out to change the world for the better and her first step is to disrupt the traditional model of funding and investment for female entrepreneurs.

“In general, women were not at the table for designing 1.0 of this world, and we better be there for 2.0,” Saunders declared, and her design for this life involves a makeover of investment to include more women-led businesses.

screen-shot-2016-09-11-at-2-22-38-pmHow does SheEO work?  First, it’s a global collaboration network creating communities of 1,000 women in locations around the world.  Second, each woman in a community contributes $1,000 to what adds up to a $1m fund.  Third, the fund is then used to finance 10 local companies that are female-led, majority female-owned and have at least $50,000 in revenue.

Read more:  How radical generosity can secure $1bn in funding for women

Screenshot courtesy:  SheEO

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Note: Don’t miss our next WEGG webinar 9/14 on “8 Critical Lessons to Ensure a Successful International Product Launch,” and presented by expert Alison Larson, founder of WorldBlazer Consulting. Register here: https://attendee.gotowebinar.com/register/4126297091592158468. Event is no charge but you must register in advance to attend.

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How to Finance Your Global Growth

HowToFinanceYourGlobalGrowth

Our WEGG Board member, Chantal Wittman, V.P. International Trade Sales, MB Financial Bank, wrote a great article on “How to Finance Your Global Growth.”  You can access it here.  One tip she shares:

“Today most U.S. export sales are made to private sector buyers in both developing and developed markets. Ex-Im Bank and private sector credit insurance policies can be used to protect the risk of non-payment from foreign buyers, while extending payment terms that can range from a few days to five years, or longer. These insurance policies can also be assigned to U.S. banks to allow for advances on foreign receivables.”

Read more:  “How to Finance Your Global Growth

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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.

Screenshot courtesy:  MB Financial

Indra Nooyi: Articulating Performance With Purpose

Pepsico CEO Indra Nooyi talks about making money, performing, and having a true core or sense of purpose.  She believes there is a place for everything in people’s lives, but when you run a global business, you must recast how you make money.  Talent sustainability is discussed too.

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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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From Getting Started in Exporting to Financing Your International Business

GettingStartedInExporting

Our first WEGG webinar, “Getting Started in Exporting:  Ready Your Business for Growth” was a wonderful success. You can access the recording here.

Up next month on February 3rd from 10:00 a.m. — 11:00 a.m. Central time:  “Financing Your International Business:  Plan Early and Smart” presented by Kati Suominen, CEO and founder of Nextrade Group, LLC and TradeUp Capital Fund.

What you will learn:

  • What payment and financing issues you need to consider when exporting
  • What are key financial instruments you ought to know of
  • Where do you go to secure these instruments: role of market players, government agencies, alternative platforms
  • Special considerations for fueling your international growth with growth capital

 We hope to connect with you on Wednesday, February 3rd!

Register here (event is no charge).

Access to Finance a Major Concern of Women Entrepreneurs in Malaysia

CreditGuranteeCorpMalaysis.jpg

One of the strategies for Credit Guarantee Corporation (CGC) BizWanita-i, is to focus on entrepreneurship, especially women entrepreneurs.  CGC claims to power SMEs in Malaysia.

Johari [Deputy Finance Minister Datuk Johari Abdul Ghani] said CGC’s facilities like BizWanita-i would help women entrepreneurs obtain loans from the financier. Earlier in his speech, Johari said access to financing was repeatedly identified as one of the major concerns of women entrepreneurs and BizWanita-i was much welcomed in improving their access to financing.

For eligibility requirements, visit:  https://www.cgc.com.my/bizwanita-i/

Read more:  Malaysia can meet 3.1pc fiscal deficit target 

Screenshot courtesy:  Credit Guarantee Corporation

Trend for Female Entrepreneurship Is Significantly Up Worldwide

Top Cities for Female Startup Founders

The recent Global Startup Ecosystem (GSE) Ranking report found that “the trend for female entrepreneurs is significantly up,” with the number of new businesses started by women rising by 80 per cent in the past three years.  While startups in the past were sprung forth nearly entirely from places like Silicon Valley and Boston, the span of locations today includes cities from all over the globe — making it excellent news pretty much no matter where you live.

The rise of crowdfunding has seen a “democratisation” in the business world, allowing more and more women to successfully start their own companies.

Expert Market has drawn data based on the GSE Ranking report to rank the top 20 cities in the world for startups founded by women and the percentage averages in each continent.  Chicago (my hometown) just happens to be No. 1!

Read more:  The 20 best cities int he world for female entrepreneurs

Infographic courtesy:   www.expertmarket.co.uk


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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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