Archive for the 'global women entrepreneurs' Category

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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Female Entrepreneurs Are About to Transform the Global Economy

The World Bank (WB) unveiled a new program, the Women Entrepreneurs Finance Initiative, that is designed to boost women entrepreneurs in developing countries and fight the norms that hold them back, such as uneven access to loans and shaky property rights.  WB has raised $325 million from numerous countries, with $50 million coming from the United States and other contributions from Germany, Saudi Arabia, the United Arab Emirates, Japan, China, the United Kingdom, South Korea, and the Netherlands.

Less than a third of global businesses are owned by women, and the initiative aims to grow women-run enterprises across Africa, Latin America and the Middle East. It will also help facilitate loans to entrepreneurs, ranging in size from between a few hundred dollars to several hundred thousand dollars, depending on the applicant’s needs. World Bank officials said they hope to make the capital available later this year or in early 2018.

We cheer on the WB because it has a long history of providing support to women who are challenged by economic disadvantages.  For example, they launched the Women’s Leadership in Small and Medium Enterprises (WLSME) program, supported by the U.S. Agency for International Development (USAID).

Read more about how the WB will help women globally to reach their full potential here.

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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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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 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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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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Think BIG While Doing the Small Things

Listen up women entrepreneurs based in India. Weatwork.In, a knowledge hub for women entrepreneurs aiming to move up to the next level in her entrepreneurship venture, has been launched to increase awareness about relevant areas of entrepreneurship that also gives details of options that exist both in domestic as well as global front.

“It is our endeavour to support women who are looking at starting an entrepreneurship venture that in is line with their abilities, interests and skills,” we@work Founder Ruby Sinha said.

Weatwork quotes Alvin Toffler:  “You’ve got to think about big things while you’re doing small things, so that all the small things go in the right direction.”

Read more …

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Note: Don’t miss our next WEGGinar™ 6/7/17 on “Go! Go! Global With Sourcing Products,” and presented by Jodi Bondi Norgaard, speaker, consultant and founder of Go! Go! Sports Girls and JB Norgaard Enterprises, Inc.  Register here:  https://register.gotowebinar.com/register/7576894438194026755.
Event is no charge but you must register in advance to attend.

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Women-Owned Firms That Export Earn More

Michael Froman, former U.S. Trade Representative, explains the importance for women-owned businesses and firms to be able to export their products.  Why?

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. In addition, women-owned businesses that export their goods and services average $14.5 million in receipts, compared to just $117,036 for women-owned businesses that do not export. Clearly, exporting has very real advantages.

Big takeaways from the article:  Know your market, your assets, your partners, and the rules.

Read more here.

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Note: Don’t miss our next WEGGinar™ 5/10/17 on “How to Improve Your Website For Global Customers,” and presented by John Yunker, Co-founder of Byte Level Research, author of “Think Outside the Country.” Register here:  https://attendee.gotowebinar.com/register/4596645079593705731.
Event is no charge but you must register in advance to attend.

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5 Answers to Exporting Craft Spirits Worldwide

In follow up to our March 8 WEGGinar™ on “Regulations, Conventions, and Battles of the Spirit: The International Trade of Craft Spirits” with Dr. Sonat Birnecker Hart (pictured), President and co-founder of Chicago, Illinois-based KOVAL Distillery, we circled back with Sonat to address five remaining questions that attendees had.  Here are her answers.

1.  Are there certain countries where you have chosen not to export your spirits and why?

Yes.  South America … but only for the time being.  There is too much cross trade there and a need for special closures which we do not want to have to deal with now.

2.  Do you need to translate labels to bilingual in certain markets?

Yes, Canada is a good example of that.

3.  How do you vet appropriate trade shows for a product line, especially with the intent to locate good distributors?

One needs to see where the most buyers are going. Trade shows that focus on consumers are not usually the best for expanding distribution business. ProWein is probably the best liquor trade show in the world, so that is a good place to start. For the US, the Wine & Spirits Wholesalers of America Annual Convention is good; WSWA: http://www.wswa.org/.

4.  With all of your travel for various purposes, what do you do about obtaining visas? Do you obtain business visas or work permits?

It really depends on the situation. Just to attend a trade show in another country it is not really necessary.  I declare samples for business and state that I am traveling for business but even so, I have not had any issues and on my last trip to Canada, they did not even charge me duty on my samples and just waved me through.

5.  Thank you for the great presentation.  I hope to learn more about export licenses.  Meanwhile, where can I start? Is it similar to beer exporting?

Exporting liquor is different than beer. It really depends on the country as each one has different regulations. Having a distributor that is interested in working with one is the best first step. They can help guide one toward what is needed and one can also ask via trade missions.

Thank you Sonat for sharing your expertise with us.  And we are thrilled to learn that you and Robert Birnecker were recently honored with the SBA 2017 Illinois Small Business Persons of the Year award.  On behalf of all your WEGG fans, congrats! We are very proud of you and Robert.

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Note: Don’t miss our next WEGGinar™ 4/5/17 on “Even a Small Business Can Be Global,” and presented by Natalie Kaddas, CEO, Kaddas Enterprises Inc. Register here:
https://attendee.gotowebinar.com/register/5344517495639686658.
Event is no charge but you must register in advance to attend.

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Natalie Kaddas Describes Her Experience Utilizing Trade Missions

In preparation for our April 5th webinar, we introduce you to Natalie Kaddas, CEO of Kaddas Enterprises, Inc.  In the video Natalie talks about her experience utilizing trade missions and how they have helped grow her business global.  She also highlights how she was selected as the only small business owner to have a seat at the CEO table during a White House dinner with President Obama.

To learn more about what works for Natalie in taking a business global and how you can apply it to your business too, sign up for her webinar below.

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Note: Don’t miss our next WEGG webinar 4/5/17 on “Even a Small Business Can Be Global,” and presented by Natalie Kaddas, CEO, Kaddas Enterprises Inc. Register here:
https://attendee.gotowebinar.com/register/5344517495639686658.
Event is no charge but you must register in advance to attend.

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