Archive for the 'Management' Category

Managing Risks with Global Transactions

While transacting business across borders, there will always be risks.  You must learn how to navigate around them.  In the article below, Jane Hay (pictured), V.P., Global Trade Services at US Bank, highlights five risks you need to manage while expanding your global footprint.

  1. Commercial risk
  2. Product risk
  3. Bank risk
  4. Documentary risk
  5. Country risk

The name of the game is to do your homework, call in the experts when you need them (the sooner the better), and protect yourself every step of the way.

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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The Super-League of Entrepreneurship Belongs to Women

FemaleEntrepreneurs2

Women can compete globally on any level without losing their femininity.  Yet, according to The Namibia Econonomist, women tend to differ from men on their management style in the following positive ways.  Note:  Many of these traits might also apply to men.

  • Multi-tasking — comes in handy in the early stages of growing a business.
  • Focus — the ability to cut out distractions and focus on what is important.
  • Intuition is the undefinable, immeasurable sense that helps with decision making and women tend to listen theirs more often.
  • Prudence is a characteristic not normally associated with entrepreneurship yet it is vital in the early stages of entrepreneurship, especially for women.
  • Cautiousness — women tend to be more careful in business than men and respect the importance of getting the balance right between overt risk-taking and caution.
  • Patience is linked to the trait of prudence and very helpful to have when the going gets tough.
  • Empathy — women are known to have higher levels of empathy than men.
  • Asking for advice — women have no issue with this, especially if they can get answers.

Read other attributes that women have in business:
Learning from Female Entrepreneurs

One final point:  In order to gain self-confidence and overcome social attitudes, women need to network continuously, support each other, look for role models, update their knowledge and skills, and have a clear vision of what they wish to accomplish.

Photo Credit: Silicon Valley Blog

Women Aspire to Move Up in Corporate BRIC

A recent BusinessWeek article states:

At least 59 percent of women in Brazil, Russia, India and China describe themselves as “very ambitious” compared with 36 percent in the U.S., said the study, which drew on surveys of 4,350 college-educated men and women in the so-called BRICs and the United Arab Emirates and one-on-one interviews. At least 75 percent of women in Brazil, India, China and the U.A.E. aspire for a senior job versus 52 percent in the U.S., the report said.

The report, “The Battle for Female Talent in Emerging Markets,” can be found here.

Now the question remains, how many BRIC women aspire to start a business like they do in the United States?

Posted by:  Laurel Delaney

35 Women Under 35 Succeed in Business

35WomenUnder35

The highest flying young women in business forge ahead — despite the tough economic climate.  These are extreme achievers under the age of 35 that have been picked by Management Today (U.K.) as the first generation to go through a recession.

Our 2009 heroines (don’t see any entrepreneurs!) have succeeded in every kind of business: advertising, management consultancy, cosmetics, the law, banking, retail, engineering, property, PR, IT, broadcasting, the arts and the public sector.

Read more here.

Pictured:  Back row left to right:  Laura Stevenson, Ruth Amos, Jade Tong, Kate Hampton; Front row left to right:  Savannah Miller, Samantha Mangwana

Posted by: Laurel Delaney

10 Tips From Leading Women Entrepreneurs To Help You Make The World Your Business

maketheworldyourbusinessdelaneyforwegg

Meet the bold, the fearless and the restless (and that includes YOU!). Women-owned firms comprise forty percent of all firms in the United States, according to the Center for Women’s Business Research. They have implemented imaginative strategies to launch and expand their businesses, including going global.

Here’s a glimpse at the top ten tips shared by the women entrepreneurs who run successful worldwide ventures.

1. Develop trust on a global scale.

2. Think globally.

3. Build a global brand that works locally.

4. Educate your customers.

5. Outsource to grow your business.

6. Connect and collaborate with local markets on foreign ground.

7. Find cross-border customers.

8. Hire the best from around the world.

9. Establish payment methods before you sell.

10. Navigate through – not around – bureaucracy and red tape.

Global entrepreneurship, particularly by women, is diverse and pervasive worldwide. To succeed worldwide, companies must use best practices such as the above (refer to links below to read entire article), present something new, be the best at something, and offer it everywhere with the heart and will to succeed. You can make the world your business.

This is a two-part series published in Wealth Magazine. You won’t want to miss it. Read Part One and Part Two.

Quick access to the entire article can be found here.

Posted by: Laurel Delaney


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