Archive for the 'Gender challenges' Category

For Women Entrepreneurs the World is Your Market

by Laurel Delaney, President, Women Entrepreneurs Grow Global (WEGG)

In a manifesto I authored in 2004, “Shaking Things Up. Making Things Happen,” I wrote, “In the future, there will be two kinds of enterprises: those that go global and those that die.” Companies should be going global, and it is the women entrepreneurs who are pushing boundaries and targeting the world for business.

According to the Global Entrepreneurship Monitor Women’s Entrepreneurship Report 2016-2017, “In 2016, an estimated 163 million women were starting or running new businesses in 74 economies around the world. In addition, an estimated 111 million were running established businesses. This not only shows the impact of women entrepreneurs across the globe, but highlights their contributions to the growth and well-being of their societies.”

The report sums up the following on international sales pertaining to women entrepreneurs operating globally.

  • The level of international sales varies dramatically. It is zero or less than 1% in three Latin American countries (Brazil, Guatemala, and Ecuador) and three Asian countries (Malaysia, Thailand and Vietnam). However, more than three- fourths of women entrepreneurs in the UAE and over half of women in Saudi Arabia report international sales.

  • In innovation-driven economies, more than one-fifth of women entrepreneurs report 25% or more of sales go to customers outside their economies. This is four times the level of the factor-driven group.

  • Regionally, only 6% of sub-Saharan African women entrepreneurs are internationally oriented, somewhat more than half the level of men. In MENA, 29% of women entrepreneurs are considered international, and at a higher rate than men.

  • North America’s high average [of international sales for women entrepreneurs] is due to Canada, where 32% of women entrepreneurs list at least 25% of sales to international markets. This contrasts with the United States at 9% [hence the reason for organizations such as Chicago-based Women Entrepreneurs Grow Global that support global growth for USA-based women entrepreneurs and business owners].

While I believe that companies must go global, I also recognize that some companies may not lend themselves to that level of production. For example, if you are a mom-and-pop organization making jams and jellies in your kitchen, you could certainly sell a jar or two globally but you might not have the resources, or desire, to compete on a larger scale.

I am a fan of eBay and Amazon for a small-business person selling their wares but I am not a fan of using either platform as a model of going global when it comes to talking about selling a single item to a single customer in a foreign country. True globalization means that an organization is selling a large volume to a wide variety of customers across international borders.

A Website, blog or even a Facebook Page, is a great first step in moving a business out of the local market to the international one. After that, check out governmental resources such as buyusa.gov or export.gov, which both offer myriad information and tips.

You don’t have to do business in your own backyard, because the world is your market. And the technology that we have available to us now is the ramp to launch your business to the next level to boost its performance.

Additional articles and resources available to women entrepreneurs going global:

  1. About WEGG (https://womenentrepreneursgrowglobal.org/about/).
  2. Why Female Entrepreneurs Are the Key to Global Development (https://www.huffingtonpost.ca/girls-twenty/female-entrepreneurs_b_6249784.html).
  3. Women Are Confident in Their Own Businesses and the U.S. Economy, According to the 2014 Sage Business Index (http://www.marketwired.com/press-release/women-are-confident-their-own-businesses-us-economy-according-2014-sage-business-index-1972838.htm)
  4. Women Entrepreneurs Energize Economies (https://www.scribd.com/document/88179690/Enterprising-Women-2012).
  5. Women: Global entrepreneurship is affordable and accessible (https://www.godaddy.com/garage/women-global-entrepreneurship-affordable-accessible/)
  6. 5 Reasons Women are Natural at Going Global (https://www.leader-values.com/article.php?aid=165).
  7. It’s Time for Women To Take on the World (https://thestoryexchange.org/time-women-world/).

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Note:  Did you just bag a customer in Argentina, Ireland or Korea? How do you structure the deal?  Don’t let lack of financing knowledge be the reason you lose the contract.

Join us for our next WEGGinar™ 6/6/18 on “Grow Globally By Offering Competitive Financing Solutions” and presented by Tamara Maxwell, Director, Minority and Women Owned Business & Multiplier Outreach Division, Office of Small Business, Export-Import Bank of the United States.  She will guide you on how to get paid.  In addition, we have added special experts on this WEGGinar™:  Laura Blodgett, who holds both the corporate Treasury Analyst role and the Accounts Receivable/Credit Administrator role for one of the divisions of Jergens, Inc. and Chantal Wittman, WEGG Board Member and VP of International Trade Sales, International Banking Division, MB Financial.  Register here.

Event is free of charge but you must register in advance to attend.
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Building Confidence in Global Women Entrepreneurs Ensures They Will Thrive in the Business World

As we are fully aware through our work at WEGG, opportunities for women entrepreneurs have been growing globally at a fast pace.  Take India, for example, where the number of women entrepreneurs is mushrooming, but it is very small when compared to the opportunities the market has to offer.

Recently, Mastercard, a technology company in the global payments industry, released the second edition of the Mastercard Index of Women Entrepreneurs (MIWE). Shamina Singh, president, Mastercard Centre for Inclusive Growth, speaks to Jui Dharwadkar [Hindustran Times, Pune] about the findings of this [2nd] index.

Read more here.  And the Mastercard Index of Women Entrepreneurs (MIWE) can be found here.

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Note: Don’t miss our next WEGGinar™ 5/9/18 on “Building Your Global Brand Through Podcasting” and presented by Kathrin Bussmann, Ph.D., founder and principal, Verbaccino. Register here. Event is free of charge but you must register in advance to attend.
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GES: Keen to Support Women Entrepreneurs In Every Possible Way

The “Road to the Global Entrepreneurship Summit (GES) Series in Odisha, India,” brings together industry leaders, start-ups, serial entrepreneurs, venture capitalists, angel investors as well as enablers of the innovation ecosystem such as government, international agencies and industry associations not only from India but across the globe.  One of the top areas of focus is on women entrepreneurship and gender equality.

The leading woman entrepreneur of the state, Odisha Television Network Director Jagi Mangat Panda, says:

“The most important part of women empowerment is to create an entrepreneurial culture which can only happen if issues concerning women are addressed at the grassroots level. There are gender biases and stereotypes that are so deeply entrenched in our society that a simple passage of a law will not be able to take care of it, rather some extraordinary efforts have to be taken.”

Read more about the road to Global Entrepreneurship Summit 2017, which celebrates women entrepreneurship.

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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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Promoting More Women Will End Sexual Harassment

We go a bit off topic today, although our next WEGGinar™ is about harnessing the power of diversity and inclusion, with an important post about sexual harassment.  Leading sociologists Frank Dobbin from Harvard University and Alexandra Kalev from Tel Aviv University—who are experts on workplace culture and corporate diversity programs, including reasons why they fail—share their take on the current hot topic: sexual harassment in the workplace.

In Harvard Business Reviewthey pen an article that says it all by its lead paragraph:

We already know how to reduce sexual harassment at work, and the answer is actually pretty simple: Hire and promote more women. Research suggests that this solution addresses two root causes of harassment.

Read more about how promoting more women will end sexual harassment.

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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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Empowering Women Entrepreneurs Changes the Outcomes for Future Generations

At the MEDays Forum panel “Bolstering Growth Through Gender Equality,” nine women were featured from different parts of the world and from different industrial sectors. The session was moderated by Aghadeer Jweihan, the director of the office of Jordan’s Princess Taghrid Mohammad and an entrepreneur.  The Forum took place in Tangier (Morocco), considered the ‘Davos of Africa.’

Ingrid Bouterse-Waldring, the first lady of Suriname and the panel’s chair, stressed that encouraging female entrepreneurs has benefits that are not merely financial: Empowered women change the outcomes for future generations. For single mothers, self-employment allows them the greater flexibility needed in their schedules to care for children.

Several points that came out of the Forum:

1.  Women need to be bolder.
2.  Women should be running big [global] companies.
3.  Women need to think bigger.
4.  Women need to support other women (similar to what WEGG offers).

Read more about how the MEDays Forum looks to spur economic growth by empowering women.

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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 Crushing It

According to the National Association of Women Business Owners, as of 2015, there are more than 9.4 million women-owned businesses in the United States, employing nearly 7.9 million people and contributing $1.4 trillion into the economy.  When it comes to starting and growing a business, women entrepreneurs are crushing it.

If there’s anything that defines women entrepreneurs, it’s their ability to figure out everything from how to write a business plan to launching an app to — yes — taking a business global.

When you are ready to launch and grow your business, keep these six tips in your back pocket from women who’ve done it before.

  1. Build a network early.
  2. Hire help early.
  3. Listen to advice, but make your own decisions.
  4. Go global early [not in the article but Laurel Delaney’s advice :-)]
  5. Go for it!
  6. Be confident.

Learn what women entrepreneurs have done to crush it.

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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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Female Entrepreneurs Face Common Challenges Worldwide

What do women entrepreneurs from Tajikistan and Milwaukee have in common?  They both face common female-owned business challenges worldwide.

Tahmina Karimova owns Ozara, a handicrafts (as shown above) company in Tajikistan.  She is one of four women from Tajikistan visiting Milwaukee, Wisconsin through the International Visitor Leadership Program, part of the U.S. State Department.  Kimberly Kane runs Kane Communications Group in Milwaukee.

The idea behind the program is to strengthen foreign relations by facilitating  conversations among local people and their visiting counterparts. Each year nearly 5,000 people come to the United States through the program, launched in 1940.

“One of the benefits for me is that every country, even one of the most advanced countries in the world, has its own problems,” said Karimova who spoke through an interpreter. “We were coming here with the idea that America is a paradise. However, we are finding out very quickly that there are many problems including female problems. It’s not all as perfect as we thought before.”

Read more … ‘We realized we all have common problems,’ says female entrepreneur from Tajikistan visiting Milwaukee.

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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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Global Businesswomen Succeed in Breaking Obstacles of Discrimination

Many women have succeeded in breaking the obstacles of discrimination to become what they are today with the help of their positive attitude, undying spirit, smarts, and perseverance.  Yet, every entrepreneur has a very different outlook on entrepreneurship.

From India’s best women entrepreneurs such as Kiran Majumdar, Chairperson and Managing Director of Biocon Limited to CEOs like Indra Nooyi (pictured) of Pepsico, women have forayed into almost every field to work shoulder to shoulder with men, setting new benchmarks in their respective streams.

Take Indra Nooyi’s quote:

“Most companies target women as end users, but few are effectively utilizing female employees when it comes to innovating for female consumers. When women are empowered in the design and innovation process, the likelihood of success in the marketplace improves by 144%!” — Chairman and CEO, Indra Nooyi, Pepsico

Entrepreneur India lists nine famous quotes from India women entrepreneurs.  These are worth a read for a healthy dose of inspiration.

Read more …

Note:  The latest on Indra Nooyi.

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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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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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