Archive for the 'World entrepreneurship' Category

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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GES: Keen to Support Women Entrepreneurs In Every Possible Way

The “Road to the Global Entrepreneurship Summit (GES) Series in Odisha, India,” brings together industry leaders, start-ups, serial entrepreneurs, venture capitalists, angel investors as well as enablers of the innovation ecosystem such as government, international agencies and industry associations not only from India but across the globe.  One of the top areas of focus is on women entrepreneurship and gender equality.

The leading woman entrepreneur of the state, Odisha Television Network Director Jagi Mangat Panda, says:

“The most important part of women empowerment is to create an entrepreneurial culture which can only happen if issues concerning women are addressed at the grassroots level. There are gender biases and stereotypes that are so deeply entrenched in our society that a simple passage of a law will not be able to take care of it, rather some extraordinary efforts have to be taken.”

Read more about the road to Global Entrepreneurship Summit 2017, which celebrates women entrepreneurship.

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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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We Must Create Equal Opportunities for Both Men and Women

WomenMakeUp40PercentOfGlobalWorkforce

The World Economic Forum 2016 held in Davos and committing to improving the state of the world — may not reflect the real world, but it does reflect the upper echelons of corporate life where one asks:  where are the women?

Of the 2,500 participants at this year’s conclave of chief executives, central bankers and billionaire investors, only 18 percent were women, a touch above the 17 percent global average for female representation on corporate boards.

We must create equal opportunities for both men and women.  As one spokesperson said, “Until we have women CEOs, how are you going to move the needle?”

Read more:  Davos Man seeks Davos Women

Note:  We are happy and proud to report that our WEGG Board member, Kati Suominen, is attending the World Economic Forum 2016 Meeting in Davos, Switzerland.  She is also presenting at our next WEGG Wednesday webinar, 2/3.  Register here (no charge).  Hope you can join us.

The World Needs More Women Entrepreneurs

Screen Shot 2015-12-06 at 10.46.28 AM

A report by The Economist (11/18/13) quoting Tory Burch (pictured), chief executive and designer, Tory Burch, indicates investing in businesswomen will boost the economy for everyone.  The article goes on to say:

Women’s empowerment will be front and centre in 2014 [and the rest of our lifetime] as more companies, communities and countries invest in women’s entrepreneurship.

Read more:  Why the world needs women entrepreneurs

Women’s entrepreneurship is not a passing fashion.  It’s here to stay and will only keep growing globally.

Screen Shot 2015-12-06 at 10.39.57 AMGift of the week:  We wrote about Wine for the World on 8/15/15.  As a gift to all WEGG readers, they have offered a special 15% discount off purchases.  Use:  TryGOODWines15.  Go here to start shopping.

8 Tips From a Turkish Television Star

whitehouse

President Barack Obama with Baybars Altuntas.

What does a television star have to do with growing global?  Plenty and through an interview, I had a chance to bring it all out. First though, it started with having the perfect combination of collaborating on a book deal (“Planet Entrepreneur“), being a member of the same global entrepreneurial membership organization (World Entrepreneurship Forum) and wanting to stay in touch with an amazing human being:  Baybars Altuntas.

That’s how I pulled off interviewing Baybars (http://baybarsaltuntasnotes.com/about/), who in addition to being a Turkish star, is an global entrepreneur, best-selling author, angel investor, columnist, president of Deulcom International-Economist 100 Franchise Brand of Turkey-president of the Business Angels Association of Turkey, executive board member of the European Trade Association for Business Angels & Seed Funds (EBAN) and the World Entrepreneurship Forum’s ambassador to Turkey and the Balkan countries.

Here’s what came out of our discussion.  You’ll find eight tips for becoming a global entrepreneur.

Read the entire interview:  An Interview With Turkish Star, Global Entrepreneur and Best-Selling Author, Baybars Altuntas

Photo courtesy Baybars Altuntas

Posted by:  Laurel Delaney

Despite Advances, Laws Still Limit Global Women Entrepreneurs

International Brand of Choice: Irish-Owned Clevamama

BabyWEGG

How did two sisters, Suzanne Browne and Martina Delaney (unrelated to me), set up an Irish-owned and family-run baby products business Clevamama and in a decade achieve international success?  We’ll get to that but first, here’s one of the questions asked of Suzanne in an interview:

Do you think being a woman made it more of a challenge to get to your position and, if so, how?

I don’t think being female was either a help or a hindrance, I think if you have a good product, a good company and good people, then you’re half way there.  The rest relies on hard work, determination and guts.

Read the entire interview here.

Suzanne’s parting words:  “Entrepreneurship is something everyone can have — you just need a plan, structure and belief.”

Photo courtesy:  stock.xchng

Businesswomen Know How to Rock Our World

©2013 Laurel Delaney.  All Rights Reserved.

©2013 Laurel Delaney. All Rights Reserved.

Over at Small Business Trends, Susan Payton writes about several inspiring women entrepreneurs who rock our world.

Read:  Women Rock the World

And if you like that, then you will most certainly like:

6 Secrets of Women Entrepreneurs Who Built $10 Million Companies

Elite women-owned businesses — those earning $10 million in revenue annually — are growing in numbers almost 50% faster than $10 million business in general and nearly 100% faster than all women-owned businesses, according to …

Photo courtesy: ©2013 Laurel Delaney. All rights reserved. “Women Rock”

Posted by: Laurel Delaney


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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