Archive for the 'World entrepreneurship' Category

Oxfam Helps Woman Start Jalawla, Iraq’s First “Women’s Only” Plant Nursery

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A recent article by Oxfam recounts the inspiring story of Zainab, the first woman in Jalawla, Iraq to sell plants at the town market.

In December 2015, Zainab opened her own plant nursery on the side of her house in Jalawla, Iraq. It was destroyed by ISIS one week later. When she returned to Iraq in 2017, her desire to have her own plant business was still within her. She then ” enrolled in an income-generation project run by Oxfam and funded by the United Nations Development Programme, which distributed $575 grants to 235 people—more than half were women—to relaunch their businesses.” Oxfam’s help has ensured the reestablishment of Zainab’s plant nursery, and it now exists as an agriculture sanctuary for “women only.” On the impact Zainab’s innovative business has had on her community and her personal well-being she says:

“I’m the first and the only woman to open a nursery in [my town]. After the women in Jalawla saw me opening my business, they were encouraged to open their own businesses…When Oxfam told me they would help me reopen my nursery, I became very happy. It wouldn’t be an exaggeration to say that Oxfam brought my dream back to me.”

Helping women entrepreneurs, like Zainab, are what organizations like Oxfam and wegg™ exist for. Read more about Zainab’s revolutionary success, and how Oxfam helped make her dreams real, here.

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Why go global?  How do you start?  Where can you find customers?  How do you get paid?  Find out these answers and learn other best-kept secrets to expanding a business globally. 

JOIN us for our first weggchat™ (#weggchat) Wednesday, August 8 from 11:00 a.m. — 12:00 p.m. (noon) Central time on Take Your Business Global! and facilitated by Laurel Delaney, President of WEGG and founder of GlobeTrade.com.  Laurel will field questions and add insights on how to take a business global.  Small business owners can join the conversation by using the hashtag #weggchat to chime in with questions and answers.

Event is free of charge but you must use tchat.io or twubs.com to follow the conversation using the hashtag #weggchat.  See you there!
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Why Are There So Few Women Entrepreneurs in Rwanda?

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A 2014 census report conducted by the National Institute of Statistics in Rwanda,  revealed that only 26.8 percent of sole proprietorship establishments are owned by women, compared to 73.2 percent owned by men.

What are the reasons for this imbalance?

In Donah Mbabazi’s article for “The New Times,” she shares a telling quote from the first Vice Chairperson of the Private Sector Federation Chamber for Women, Sarah Kirenga. Kirenga speaks to the challenges that Rwandan women, and all women, can face when it comes to business:
“The number one challenge women in business face is the fear of failure. Failure is a very real possibility in any business venture, but when it comes to women in business; fear to fail becomes a great concern to growing the business, hence, women are afraid to take up big risks. I believe you need to have massive failure to have massive success, you may need 100 ‘nos’ to get one ‘yes,’ but that one ‘yes’ will make you more successful tomorrow than you were today.”

Further in the article, the CEO of the Rwandan stock exchange, Pierre-Celestin Rwabukumba, cites Rwanda’s social climate as a cause for the lack of female participation in business: “It’s because of the general patriarchal kind of environment we have been living in for decades. Business doesn’t change because it is done in the same society.”

This poses an interesting question: Do social norms surrounding gender equality have to change in order for patterns in business to evolve? Or would change in entrepreneurship affect society? What do you think roadblocks women from achieving their full potential as entrepreneurs? What can women do for themselves to get in the game?

Read Mbabazi’s article, and her account of some solutions to the inequity in Rwandan business, here.

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Why go global?  How do you start?  Where can you find customers?  How do you get paid?  Find out these answers and learn other best-kept secrets to expanding a business globally. 

JOIN us for our first weggchat™ (#weggchat) Wednesday, August 8 from 11:00 a.m. — 12:00 p.m. (noon) Central time on Take Your Business Global! and facilitated by Laurel Delaney, President of WEGG and founder of GlobeTrade.com.  Laurel will field questions and add insights on how to take a business global.  Small business owners can join the conversation by using the hashtag #weggchat to chime in with questions and answers.

Event is free of charge but you must use tchat.io or twubs.com to follow the conversation using the hashtag #weggchat.  See you there!
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Women Entrepreneurs, the Global Market Needs You

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According to the Small Business and Entrepreneurship Council, In 2016, 97% of all exporters in the U.S. were small and medium-sized companies. The other statistic from this study that can’t be ignored is that only 12% of businesses that export are owned by women. Why are more women not accessing the vast world that is global business?

In Devishobha Chandramouli’s recent Entrepreneur article, “6 Global Trends Reveal How Women Are Redefining Entrepreneurship,” she reports the ways in which women entrepreneurs are critical to the global market. Within Chandramouli’s findings, WEGG founder, Laurel Delaney, reports on why women are often absent from business at a global level:

“Even in a developed economy, women business owners are less likely to explore and expand their products or services because they think they can’t do it, or that they don’t have access to the right training, education, advisory networks, mentorships and community programs. This perceived deficiency makes it difficult for women to access markets, conduct marketing and establish relationships.”

If women do not believe they are capable of global success, they will not achieve it. The secret is, that women are not only capable of global business, but are also exponentially beneficial to their communities when they have it. Chandramouli notes,

“As globalization is breaking down the barriers that limited businesses by cultures, gender and geography, many partnership and trade agreements have been developed in an attempt to encourage global economic activity among women. Women are known to give back about 90 percent of their earnings to the health and education of their communities and families, contributing to development directly, so it’s easy to see why it is critical.”

Women entrepreneurs, the global market needs you.

You can read Chandramouli’s article here, to learn more about how women have the ability to transform global business, for the better, from within.

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Why go global?  How do you start?  Where can you find customers?  How do you get paid?  Find out these answers and learn other best-kept secrets to expanding a business globally. 

JOIN us for our first weggchat™ (#weggchat) Wednesday, August 8 from 11:00 a.m. — 12:00 p.m. (noon) Central time on Take Your Business Global! and facilitated by Laurel Delaney, President of WEGG and founder of GlobeTrade.com.  Laurel will field questions and add insights on how to take a business global.  Small business owners can join the conversation by using the hashtag #weggchat to chime in with questions and answers.

Event is free of charge but you must use tchat.io or twubs.com to follow the conversation using the hashtag #weggchat.  See you there!
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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

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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

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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


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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