Archive for the 'global women entrepreneurs' 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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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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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 WEGG webinar 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 WEGG webinar 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 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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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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A Worldly Woman’s Visual Perspective

We salute women every week here at our WEGG blog but to honor Women’s History Month, we decided to feature female photo journalists from around the world.

TIME reached out globally to the most acclaimed female photojournalists, curators and directors of photography in the industry, asking them to select one female photojournalist that they believe is worthy of recognition.

The result will astonish you because it is a collection of brilliant work. The list unearths some diamonds in the rough so that you can get to know the artists better and start to monitor their progress.

Read more to discover 34 women photographers across the globe here.

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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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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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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.

Women Entrepreneurs GROW Global is a 501(c)3 nonprofit organization. EIN/Tax ID #47-2956522.
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