Archive for the 'Trends' Category

Why Women Don’t Start Businesses and How wegg® Can Help

In 2019, wegg® wants to help all women entrepreneurs, from the seasoned to the aspiring, achieve their business ambitions. We can help you go global, and assist with the obstacles that usually prevent women from reaching their full business potential.

What are some of the barriers women face when trying to start an entrepreneurial career, that wegg® aims to alleviate? Glad you asked.

In a recent report from The Economic Times, a group of women in India were polled on the reasons that they are not able to start their own independent businesses. The Times states,

“Of the homemakers who aspire to start their own business or pursue a hobby to make money, 69 per cent said the greatest barrier was lack of sufficient funds, 63 per cent said home responsibilities took up most of their time, 39 per cent said it was lack of guidance and 36 per cent reported that it was a lack in confidence.”

When the women were asked about what kinds of solutions would aid them in overcoming the aforementioned obstacles, the results were,

“62 per cent said it was financial/funding support, while 51 per cent said they needed self-confidence or counseling the most.”

Enter wegg®. We provide FREE monthly webinars that cover a varying array of topics. At these events, “wegginars®,” we have an entrepreneurial expert present on a business subject of their choice, combined with a participant Q&A. Anyone around the world can participate in these accessible events, and all at no charge. Get a head start on your resolutions this year, and let wegg® help you take your business to new heights.

Registration is open and free for Laurel Delaney’s 1/9 talk. She will present her annual global trade trends report 2019.  Join us. Register here.

Teach a Woman to Fish & Go Global, and You’ll Feed Her & Her Business for a Lifetime

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Everyone knows the classic adage, “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.”

But wegg® knows, “Give a woman a fish, and you feed her for a day. Teach a woman to fish and go global, and you feed her and her business for a lifetime.” This idea is the essence of wegg®’s mission: “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.”

Our goal as a 501(c)(3) nonprofit organization is to teach the women entrepreneurs of the world how to take their businesses global, and we are always thrilled to hear about the triumphs of women entrepreneurs around the world. Recently, we read a New York Times article covering the reform of Rwanda’s fishing industry, from an exclusively male world, to a community of women entrepreneurs. Author Shannon Sims describes the change,

“The intense physical work and danger that comes with fishing on Lake Kivu, along with reinforcement from traditional gender roles, kept women from fishing for generations, tending to backyard farms instead. But in post-genocide Rwanda, that seems to be changing. Today, women form an essential part of the national market for Lake Kivu fish. Besides fishing on the lake at night, women also gather along the shores in the early morning to buy the fish the fisherwomen deliver. They then haul those fish home to their small villages, or sell the fish to cooperatives.”

This newfound emphasis of women on the business side of Rwanda’s fish economy has inspired the development of Projet Pêche, a fishing cooperative made up of 87 women, in Kibuye, a town along the banks of Lake Kivu. This collective has had a supremely positive impact on the lives of Rwandan women. Just listen to one woman, Bonifrida Mukabideri’s, account,

“A lot of women have used the cooperatives to fight poverty. Here in Rwanda we now have the idea that women and men can do every job…Now a woman can say: ‘I can build a house by myself. I can look after my family properly. And even if my husband dies, we can live a better life.’”

wegg® would love to help global women entrepreneurs like Mukabideri feed themselves, their families, and their communities for a lifetime…by fostering an expanding global business that thrives for generations. For more information on the resources wegg® has to offer women entrepreneurs, check out our education page.

 

Meet wegg®’s Design and Technology Lead, Laura Fairman

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I am in pursuit of global reach and purpose. I’m continually asking myself… Is my work helping our world become a better place?” 

-Laura Fairman, Design and Technology Lead for wegg®

Meet wegg®’s Design and Technology Lead, Laura Fairman! She has had the pleasure of being involved with our organization since wegg®’s inception in 2008. Our Communications Intern, Lucy Brooks, sat down with Laura to interview her. Check out our feature on Laura, to learn more about her, and what goes on behind the scenes at wegg® .

Lucy Brooks: How would you describe your position at wegg®? What do you oversee and do for the organization?

Laura Fairman: I have a unique relationship with wegg® because I work for wegg® as a contractor for design, art direction, project management and technology support. I am also a founding board member, serving on the board since 2015. My goal as a board member is to be the voice of design, guiding the organization toward supporting key design initiatives, like rebranding and launching a new website. At the same time, I’m always looking to strengthen the organization’s visual cohesiveness and continuity across their many print and digital offerings.

LB: What has your professional background been like? How did you come to work for wegg®?

LF: I’m a creative through and through. I graduated from Vanderbilt University as a Fine Arts major with a double minor in music and European studies. I began my career in the arts as a portrait painter, but swiftly moved into graphic and web design to supplement my passion with consistent work. In 2001, I began my own small business, Blue Canvas (bluecanvas.net). 17 years later, I’m still creating print and digital work for small- and mid-size businesses across many industries: medical practices, nutraceuticals, health and wellness, financial advisors, law firms, technology, trade shows and events, engineering, publishing, restaurants, and nonprofits.

Through a shared client, my path crossed with wegg®’s founder, Laurel Delaney. My earliest project with Laurel Delaney dates back to August of 2007, with the redesign of the Globe Trade website. This early site was developed entirely in html, and content management systems had not yet become the norm. A lot has changed in the digital space in the last decade! Clients are managing their website content entirely on their own, and they are constantly pushing new information to their audiences. To achieve this, they are relying heavily on social media outlets, creating video blogs, online community groups, and organizing live webinar presentations with 100s of attendees online. Websites used to be simply an extension of a business card. They have become the digital handshake for a company, where making a great first impression is paramount. It’s fun to see the evolution of the digital space, and Laurel is consistently folding the current trends into her businesses, particularly with wegg®.

LB: What part of wegg®’s mission, “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 communities,” resonates with you, and how does your work connect with, or support this mission?

LF: I am in pursuit of global reach and purpose. I’m continually asking myself… Is my work helping our world become a better place?

I have found joy working with non-profit organizations because they are doing good things, and because the leaders are so passionate about what they are trying to achieve. In wegg®’s case, the mission is to educate, and they are meeting this goal with the production of free monthly wegginars® on a variety of topics designed to help women business owners and execs improve their businesses, their communities, and their lives.

I have created the outreach graphics and participated as an organizer on over 30 wegginars®. Truth be told, I have been actively involved in every single wegginar®. I’m proud to be able to say that. Each of these wegginars® are available to watch on the wegg® website, so the work is continually giving back (and hopefully inspiring!)…and that feels great.

LB: What moves, projects, or strides do you hope wegg® takes in the coming year?

LF: wegg® is still in its founding years, and we have big plans ahead. In recent months we have been focusing on sharing expertise, and we are continually meeting this intended goal. What I’d like to see in the months to come is a focus on the women of wegg®. Let’s share the stories of those women that have been measurably impacted by the resources wegg® has provided them. I’d like to see wegg® do focus features and videos of these success stories.

The second part is to see this piece realized globally. Is there a woman-owned factory in India producing woven textiles and is now exporting these products globally because they’ve learned how to do so from wegg®? Has a woman from Bangladesh achieved success for her family and community because of a business connection she made through wegg®? We want to meet these women! And, I’d like to share these global stories of impact visually.

LB: What has been your most meaningful project to take on, event you have been apart of, or moment you have had during your time here?

LF: My personal goal was to help wegg® rebrand and build a global digital platform to aid them in achieving their education mission. Under my art direction, we launched the new logo at the beginning of 2018, and we are very close to realizing our goal of launching a new education-driven website. These two projects have been the most meaningful to me, because rather than stepping in and creating a brand, I helped guide and direct the process of wegg®’s new identity. I was able to connect wegg® with an incredibly talented designer from Seattle, Gabriel Lopez. Bringing the visual goals for wegg® to fruition has been a laborious process, but when you have great people on your team, like Gabriel and Laurel, who are willing to collaborate and put the time in, it makes the work worthwhile.

wegg® thanks Laura for sharing her story with us. She is an integral part of our team, and has helped our organization thrive. To learn more about what wegg® can do for you and your business, visit our website.
Registration is open and free for our 12/5 talk with Andrew Molinsky, Ph.D. He will talk about how, “if you are not outside your comfort zone, you won’t learn anything.” Register here.

Make Your Global Online Shoppers Feel at Home Wherever They Are

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Registration is still open for our FREE November 7th, 2018 wegginar®, with presenter Cristina Bandal, Industry Segment Manager of Retail and Consumer Goods for UPS.

Cristina has an extensive career with UPS, working within the marketing functions. She has worked with merchants in the retail and high tech industries. Cristina makes customer experiences valuable, by improving the shopper’s experiences. Her most recent assignment helps enable merchants to sell outside the US through UPS technology.

If 95% of the worlds population lives outside the US, why are some merchants still only selling to the domestic market? Complex rules, costly risks and high transportation costs make it difficult for small businesses to merge into new markets. UPS i-parcel not only offers a solution to these merchants, but provides a frictionless experience to international consumers.

wegginar® participants can expect to learn how to…

  1. Offer international consumers the same shopping experience on your website that you offer to shoppers in the US.

  2. Avoid complicated and costly international shipping that will ultimately improve your conversion rate.
  3. Enable new international markets with just a click and reach a world of consumers.
  4. Make your online shoppers feel at home anywhere

wegg® aims to make resources for going global accessible to all women entrepreneurs, and our wegginars® are free thanks to our sponsors. To register for the event, visit this link: https://register.gotowebinar.com/register/8810009934736118275 

The Rise of Women ‘Millennipreneurs’

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The Female Entrepreneurs Institute has reported that there is a new generation of wildly successful business owners, who are all under thirty-five years of age. The ‘millennipreneur’ model of business has proven to be advantageous worldwide. The Institute explains,

“[This new] approach to business differs from that of their elders in terms of their ambitions, results and leadership style. Among the successful business owning millennials studied in this research, some 78% come from families with a history of running their own businesses. As a group, each has already established on average 7.7 companies, compared with an average of 3.5 among the 50-and-over Baby Boomers.”

A contemporary and forward-thinking entrepreneurship can be seen in this new generation’s most lucrative areas of business. The top three sectors of wealth for millennipreneurs were listed as: retail (12.5%), professional services (8.5%), and technology (7.3%).

This new generation of business owners has paved a way for women business owners, specifically. The proof is in the numbers…

“89% of women entrepreneurs surveyed expecting growing or stable profits in the next 12 months. Female millennipreneurs are aiming even higher with close to 75% expecting business profits to increase in the next 12 months…”

wegg® knows that the future of entrepreneurship is women entrepreneurship. We can help you start your business, or show you the steps you can take to go global. Join us for our FREE wegginar® on 10/3 with Katie Kollhoff, founder and CEO, NUMiX. You can find all of the details, and register for the event, here.

Women Entrepreneurship in the EU: The Numbers

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On a global scale, women are less likely than men to start their own businesses. This is evident from the above graph, taken from the “Policy Brief on Women’s Entrepreneurship.” The data shows that in every EU country, from 2010-14, there were significantly less female owners of new businesses, than male.

Why is this the reality?

The OECD SME and Entrepreneurship analysis proposes that a:

“…key factor in explaining the gender gap is the social and institutional context [of the countries]. Paradoxically, national-level gender equality is negatively associated with women’s self-employment choice compared to men’s (Klyver et. al., 2013), suggesting that gender equality policies in the labour market may cause women to prefer employment over self-employment (Nielsen et. al., 2010). Similarly, more supportive work-family institutions are associated with larger gender gaps in terms of business size, growth aspirations, innovativeness and use of technology. This appears to indicate that it is important to look beyond simple proportions of women and men entrepreneurs to the motivations and quality of the business, with the hypothesis that greater gender equality may improve good quality businesses and business creation based on positive choices by women, while reducing poorer quality business creation based on lack of choice.”

One of the economic reasons that women might choose employment over the entrepreneurial self-employed path, is that self-employed women make less money than self employed men, on average. This finding is displayed in the graphic below:

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Other factors, such as lack of resources and training for women in business, are consistently cited as justification for the lack of women entrepreneurs in the global . market. This apparent neglect of a business education for women is highlighted in the graph below:

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As displayed by the image, at least thirteen out of the twenty-two countries in the EU showed a significant gender gap in perceived accessibility to business training. This is where wegg™ can help. 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.

We provide monthly resources for women entrepreneurs to become educated on current business strategies in order to go global. If you are interested in entering business, or growing the business you already have, wegg™ can help you. Please check out our website, to discover possibilities you did not even know existed.

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JOIN us for our morning wegg™ workshop on September 12th and hosted by Bank of America (135 S. LaSalle Street, 44th Floor).  Julie Smolyansky, President and CEO, Lifeway Foods, will present “Follow Your Gut,” covering:

  • How global factors influence company values and mission
  • Why we should empower women entrepreneurs around the world
  • How to channel inspiration from travel experiences into marketing initiatives

Tickets $40 ($20 for students); includes Continental Breakfast.  To learn more and to register, visit:  https://www.eventbrite.com/e/weggtm-workshop-follow-your-gut-presented-by-julie-smolyansky-tickets-48655708534
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Closing the Confidence Gap is Key for Female Entrepreneurial Success

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In a recent Forbes article entitled, “What It Will Take For Women Entrepreneurs To Take Over The World,” author Carrie Kerpen explores what disadvantages women entrepreneurs face in our current market. Kerpen interviews Margaret Donnell, chief marketing officer of Capital One’s Small Business Bank, on how women can subvert the obstacles in their way, in order to succeed. Kerpen’s thesis is: closing the confidence gap between men and women will be a crucial factor in trying to level the entrepreneurial playing field.

Donnell attests the gender pay gap between men and women to be one of the main reasons women business owners are less confident than their male counterparts. She reasons,

“We have pretty clear evidence around us. We’ve seen studies out in media, I certainly have, that document a wage gap between men and women. It means that women don’t always have as much money as men because of that earning power. It also means that their confidence could have been eroded over time, and so I think there’s a lot we can do to lift each other up, and men as allies can lift women up, to help them feel confident and go after getting into business.”

Lacking in confidence can be a hindering quality for any business owner. Not having faith in oneself can lead to a fear of risk. One such risk could be the venture of expanding your SME into a global business, an important move for entrepreneurs.

A potential fear of risk taking is evident in statistics. Kerpen reports,

“…despite feeling more positive about their businesses than their male counterparts, female business owners are more hesitant to take big swings and heavily invest in their companies. According to the same Capital One report, 75 percent of men are likely to hire in the next year, compared to 63 percent of women.”

How do you think women can support and encourage each other to make the bold moves necessary for success in business? How can we increase our confidence to achieve heights greater than we could have ever imagined?

Read several proposed solutions to this issue, in Kerpen’s article, linked here.

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JOIN us for our morning wegg™ workshop on September 12th and hosted by Bank of America (135 S. LaSalle Street, 44th Floor).  Julie Smolyansky, President and CEO, Lifeway Foods, will present “Follow Your Gut,” covering:

  • How global factors influence company values and mission
  • Why we should empower women entrepreneurs around the world
  • How to channel inspiration from travel experiences into marketing initiatives

Tickets $40 ($20 for students); includes Continental Breakfast.  To learn more and to register, visit:  https://www.eventbrite.com/e/weggtm-workshop-follow-your-gut-presented-by-julie-smolyansky-tickets-48655708534
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4 Key Supply Chain Trends to Watch in 2018

Whether it is managing revenue management as a brick and mortar retailer, wondering what the state is on the driver shortage, or tracking significant new tariffs — all of these affect supply chain networks.  Here are four global supply chain trends to watch in 2018.

  1. Omnichannel Revenue Management — Traditional brick and mortar retailers seek to leverage their stores to better compete against Amazon and other ecommerce retailers.
  2. Logistics Workers, Labor Shortages, and Automation — The industry continues to discuss the driver shortage.
  3. Tariffs and Global Supply Chain Networks — If significant new tariffs emerge, supply chain networks will change greatly.
  4. The Hype Surrounding Digital Technologies Will Continue — Emerging technologies such as blockchain, 3D printing, autonomous mobile robots, IoT, machine learning, and related technologies continue to advance.

Read more on key supply chain trends to watch in 2018.

All in all, this is a good lead into our next WEGGinar™.  See below.

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Note: Don’t miss our next 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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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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