Archive for the 'global women entrepreneurs' Category

Boosting Women’s Entrepreneurship in Europe

In Europe, women outnumber men but they account for only 22 percent of entrepreneurs.  Why is that?  According to Tiziana Pompei, Deputy Secretary-General of the Italian Chamber of Commerce:

“Women are currently focusing their (entrepreneurial) activities in sectors such as commerce, tourism, farming and personal services,” Pompei explained. “There are still too few companies owned by women but they are on the rise, especially thanks to young women investing in the digital and innovative sectors.”

To boost women’s entrepreneurship in Europe, the following is needed:

  1. Women must push forward on their own because there is an increasing number of women in the EU who are willing to start their own business but don’t.
  2. An increase in innovative sectors such as biotech and digital, that offer women new opportunities to go into business.
  3. Female researchers, where women are the majority, must apply their scientific experience that they gained by working at universities to their startups.

Read more about the importance of supporting women entrepreneurs in Europe.

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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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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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Putting Wind Behind Global Startups

Photo credit: IIM Bangalore

Are you based in India and thinking of starting a business?  StartupWind, Inc., a digital platform for ideation, design thinking, business model canvassing and business planning  — has on-boarded over 6,000 women entrepreneurs across India as a platform partner of IIM Bangalore’s Women Startup Programme that will provide training, mentoring, networking and financial support to budding Indian women entrepreneurs.

The programme is for women of all ages and educational backgrounds who have been thinking about starting a venture and not knowing how to do it.

The IIM Bangalore programme is coupled with the software framework and tools provided by StartupWind to help women entrepreneurs bring their ideas to life.

At WEGG, we hope to partner with StartupWind to serve as a support arm by providing international expansion training to the Indian women entrepreneurs.

Learn more about the exciting program here.

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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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How a Wicked Road Trip to Minturn, Colorado Inspired a Thriving Global Design Business

There are some who dream of starting a business and others who dare to do it and that’s Julia.  In her case, she aspired to be a great hostess but instead created an artful collection — bowls, platters, trays, cake stands, housewares, and serveware — to help every entertainer impress.  With pieces that are both classical and romantic and can fit in at the dining room table or on the patio, we’re sure you will find Julia’s WEGGinar™ both inspiring and informative — with the goal of helping anyone, anywhere, start a similar type business and take it global.

Where did Julia get the idea for her thriving global design business?

I’ve been a serial entrepreneur, and I’ve always had a passion for food and entertaining. That’s what I learned from living in Paris and having friends from all over Europe and the Middle East—hospitality is the cornerstone of society, and entertaining is a daily event. I noticed how gracious people were in always making sure things looked beautiful. I collected random serveware when I traveled, and one day I looked down at the table and thought, this is a mess. I wanted something with more of a flow to it.

Lucky you.  Julia will share her vast experience with us at our next WEGGinar™ hosted on Wednesday, April 4 at 11:00 a.m. Central time on “How a Wicked Road Trip to Minturn, Colorado Inspired a Thriving Global Design Business.”  The event is FREE of charge but you must register to attend: https://register.gotowebinar.com/register/8918865979114339587.   Please bring your cup of tea and join us for our own little private Julia Knight party.  We look forward to your participation.

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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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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When Women Succeed, The Whole World is Uplifted

The Dollar Business spoke with Katherine B. Hadda, the US Consul General in Hyderabad on a wide range of topics – from the GES 2017 to strengthening Indo-US ties.  Two key questions addressed:

  1. The Global Entrepreneurship Summit 2017 (GES 2017), is expected to be a game changer for Indian businesses. What significance does it hold for you and what are your expectations?
  2. In GES 2017, we understand about 50% of the delegates are expected to be women entrepreneurs, out of a total of about 400 entrepreneurs from India and the US. What according to you does the participant composition signify about Indo-US women-led entrepreneurial ties?

Learn more about when women succeed, the whole world is uplifted.

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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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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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