Archive for the 'Innovation' 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 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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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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How a French Beauty Company Won Over Women Worldwide

L'Oreal

L’Oréal, considered the number one cosmetic company in the world, tributes its international success to an international marketing model based on skill, knowledge and an unshakeable reputation. How has L’Oréal created this image and reputation? How has the group won over women around the world?

Here’s a story of a French brand that became international and has added real value around the world.

A few quick key takeaways from the article that will help you as you grow your business internationally:

  1. Acquire leading brands to reinforce brand status.
  2. Develop a larger distribution chain than your competitors.
  3. Foster innovation focused brands.
  4. Invest in innovation to crack the Asian market.
  5. Adapt to specific cultural differences in the beauty market.
  6. Embody your image or brand as the expert in the industry.

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next_up_4jan_2017_wegginarNote: Don’t miss our next WEGG webinar 1/4/17 on “Laurel Delaney’s Global Trade Trends Report 2017,” and presented by Laurel Delaney, President of GlobeTrade.com, creator of The Global Small Business Blog, and President of Women Entrepreneurs GROW Global.  Register here: https://attendee.gotowebinar.com/register/4683006218535347459 Event is no charge but you must register in advance to attend.

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Executing an Idea You Strongly Believe In Globally

screen-shot-2016-12-04-at-11-39-13-am

It’s that time of year when you reflect on your accomplishments, celebrate your successes, and plan a path for the future.  One thing we all need as we delve into 2017 with our global dream is a healthy dose of inspiration. Hopefully, we are giving you a little of that here at WEGG but in case you need more, read the article below for stories about how women overcame challenges and grew their businesses beyond borders.

screen-shot-2016-12-04-at-11-41-02-amIn 2017, may you be globally ambitious!  We look forward to learning, growing and inspiring one another together in the new year.

Read more:  Women entrepreneurs whose stories inspired us in 2016

Screenshot:  Nadia Chauhan, Parle Agro, one of the women business owners featured in the article above.  That’s also a quote from her site.

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next_up_4jan_2017_wegginarNote: Don’t miss our next WEGG webinar 1/4/17 on “Laurel Delaney’s Global Trade Trends Report 2017,” and presented by Laurel Delaney, President of GlobeTrade.com, creator of The Global Small Business Blog, and President of Women Entrepreneurs GROW Global.  Register here: https://attendee.gotowebinar.com/register/4683006218535347459 Event is no charge but you must register in advance to attend.

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Innovators Are More Likely to Achieve Export Success

InnovatorsMoreLikelyToAchieveExportSuccess

We are thrilled to report that our first webinar in a monthly series this year, “Getting Started in Exporting:  Ready Your Business For Growth” and presented by Laurel Delaney, was a huge success!  We had far more registrations than expected so thank you to all of you who signed up and a big shout out to WEGG Board member Laura Fairman for her help in launching the webinar technology.

In case you missed the webinar, the recording link will be made available next week so you can enjoy the presentation at your convenience.  Watch for it.  Be sure to mark your calendar for the next webinar held on Wednesday, February 3, 2016 at 10:00 a.m. Central time and presented by Kati Suominen, founder and CEO of Tradeup Capital Fund.  She’ll discuss the best way to finance an international trade deal.

Switching gears a bit.  Ever wonder if there is evidence on the relationships between innovation, exporting and growth of small and medium-sized enterprises (SMEs)?  According to “Building the Evidence Base for SME Growth Policy,” there is.

SMEs which have a track record of innovation are more likely to export, more likely to export successfully and more likely to generate growth from exporting than non-innovating firms.

Innovation plays an important positive role in export growth.  To get to innovation, you must develop capable management.

 

Be Like Steve

Photo credit: ©Laurel Delaney 2011 "Steve Jobs Collage"

Whether male or female, we can all glean lessons from the likes of the late Steve Jobs. For example:

1. Push people out of their comfort zones

“He was someone who did not read the polls, but changed the polls by giving people what he was certain they wanted and needed before they knew it; he was someone who was ready to pursue his vision in the face of long odds over multiple years; and, most of all, he was someone who earned the respect of his colleagues, not by going easy on them but by constantly pushing them out of their comfort zones and, in the process, inspiring ordinary people to do extraordinary things.”

— Thomas Friedman, New York Times columnist and Pulitzer Prize winning author

Read the eleven other ways you can be more like Steve that I cover for The World :: American Express OPEN Forum (via Small Business Trends).

12 Ways to Be Like Steve Jobs

Posted by:  Laurel Delaney

Women of the World: The Little Things In Entrepreneurship Count

Posted by: Laurel Delaney


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