Archive for the 'Research' Category

Giving Wings to Female Entrepreneurs

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Dr. Agnieszka Klucznik-Törő (pictured), founder and general manager of the International Center for Entrepreneurship (ICE), says:

In the past two decades, female entrepreneurs have accounted for around a third of all businesses in the UK, 26% in France and 37% all businesses in the USA. Yet, women constitute of 52% of the total population in Europe.

Recognizing these challenges, WINGS, the European Network of Female Entrepreneurs, was launched to take action and offer support.  The platform is available in nine European languages, reaches out to users in 24 countries, and has nearly 22 000 visitors.

Women face many challenges in relation to entrepreneurship.  Here are a three that Dr. Agnieszka Klucznik-Törő talks about in her article:

  1. Lack of business ideas and knowledge
  2. Fear of failure
  3. Low entrepreneurial self-efficacy

Read more:  Entrepreneurship:  the ‘she’ factor

Speaking of giving wings to female entrepreneurs worldwide, USA-based WEGG has its next webinar scheduled for March 2nd at 11:00 a.m. Central time and will be presented by legal expert Susan Meyer.  She’ll discuss everything you need to know about protecting your best global business asset: intellectual property.  Register here — it’s no charge! Note:  WEGG webinar presenters are signed up on the LinkedIn WEGG Group to answer questions immediately following webinars and to mentor female entrepreneurs worldwide.  Go here to get on board!

Global Trends in Female Entrepreneurship

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While female entrepreneurs’ education level has increased, the innovation of female-owned businesses, measured by whether other businesses offer the same product, has decreased. There is less female involvement in the technology industry this year as well.

The Global Entrepreneurship and Development Institute (GEDI) recently released the 2015 Female Entrepreneurship Index (FEI), which looks at a nation’s favourable conditions for women entrepreneurs worldwide. The FEI analyses 15 factors divided into three categories — Entrepreneurial Environment, Entrepreneurial Eco-System and Entrepreneurial Aspirations — that enhance the prospects for female entrepreneurs in 77 countries, a significant increase from last year’s group of 30.

Is there a difference in the factors that encourage female entrepreneurship as compared to male entrepreneurship?

Research indicates that cultural and societal factors play a greater role in encouraging or dissuading business ownership for women than for men.

Unleashing the power of women entrepreneurs can have a dramatic effect on a country’s economy.

Learn more:  The best countries for female entrepreneurs

Screenshot courtesy:  The GEDI.org

Women Business Owners Help America Succeed

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Though certain pockets of the country have higher levels of female entrepreneurship than others, research by the Center for Women in Business and supported by the U.S. Chamber of Commerce Foundation shows that any community with determination can build a supportive network for its local women-owned businesses. Women are working tirelessly to export, create jobs, solve problems, and strengthen America’s long-term competitiveness. It is clear that when communities help women in business succeed, they ultimately help America succeed as well.

It is no surprise then that the face of entrepreneurship is changing:

Over the last 15 years, women-owned firms have grown by one and a half times the rate of other small enterprises and now account for almost 30 percent of all businesses. Additionally, one in five firms with revenue of $1 million or more is woman-owned.

Further, as women-owned and women-led enterprises scale up their businesses, they will ultimately serve national and international markets in unique and groundbreaking ways.  WEGG will play a key role in helping women grow globally.

Read the report … Women-Owned Businesses Carving a New American Business Landscape

Screenshot courtesy:  Women-Owned Businesses report

National Women’s Business Council Helps Build Bridges for Women

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The National Women’s Business Council (NWBC) has released its 2014 Annual Report, “Building Bridges: Leveraging Research and Relationships to Impact the Business Climate for Women.”

This report is a synthesis of our research and the implications of our findings for the women’s entrepreneurship ecosystem. Our [NWBC] research confirms that the full economic participation of women and their success in business can significantly contribute to job growth in this country and is critical to the continued economic recovery. But, they also highlight the disparities and challenges women entrepreneurs face in their business pursuits.

One summary mentioned in the report is how in September 2014, the Council explored the issue of women’s access to markets during their Public Meeting at the Ronald Reagan Building in Washington, DC — “An Afternoon with the National Women’s Business Council: Tea, Cookies, and #AccesstoMarkets,” which included three workshops to highlight opportunities for women in these marketplaces:

  1. Get Ready for Primetime – on government contracting
  2. Make Your Fortune from the Fortune 500– on corporate supplier diversity
  3. Go Global, Get Your Export On – on exporting

Access the report:  “Building Bridges: Leveraging Research and Relationships to Impact the Business Climate for Women.”

Screenshot courtesy:  NWBC

Posted by:  Laurel Delaney

Businesswomen Are Ready to Become Global Players

Businesswoman with Handheld Device

The timing has never been better for businesswomen to get out of their own backyards and transition from local, regional or niche-market players into global players.  Here’s why.

Women Are Ready to Take on the World

The key:  It is evident that through export activities, women-owned firms grow more rapidly, hire more people, create more jobs and are more productive.

Photo Credit: Jennifer Kumar

Posted by:  Laurel Delaney

Best Places In the World For Female Entrepreneurship?

Australia

Dell announced the results of the second annual Gender-Global Entrepreneurship and Development Index (GEDI), revealing that more than 75 per cent of the countries surveyed were not meeting the most fundamental conditions required for female entrepreneurs to prosper.  In a nutshell, Australia (pictured) has been named one of three best places for female entrepreneurship, together with the United States and Sweden, while India increased its ranking in 2014, compared to last year.

According to the study, India has moderate female entrepreneurship environment in terms of women identifying opportunities to start businesses (60%), feeling they have the skills (52%) and do not fear failure in starting a business (57%).

Learn more about GEDI findings:  Women Entrepreneurship:  India Has Moderate Startup Activity

Photo Credit: paul bica

Posted by:  Laurel Delaney

Despite Advances, Laws Still Limit Global Women Entrepreneurs

Women Make Their Mark in the Entrepreneurial World

Chennai

Chennai, Tamil Nadu
India

Women are making their mark in the entrepreneurial world yet they continue to face problems, particularly in cities such as Delhi-NCR, Chennai, Kolkata, Mumbai, Bangalore and Ahmedabad.

A survey of women entrepreneurs conducted by research advisory firm Greyhound Knowledge Group found that numerous challenges frustrate women.  A few are:

  • Lack of capital
  • Lack of family approval
  • Strategic troubles

Big plus for starting a business?  Sense of FREEDOM.

Read the entire article here.

Photo courtesy:  Emmanuel Dyan

Posted by:  Laurel Delaney


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