Posts Tagged 'female entrepreneurs'

Female Entrepreneurs Are the Engine of Global Growth

Bonnie Chui, contributor for Forbes, writes a thoughtful piece about how female entrepreneurs are going global and that new policy attention may close the gap. At wegg®, we are closing that gap — whether there is new policy attention or not.

We not only serve women entrepreneurs by educating them on how to go global, we are women entrepreneurs, and through our educational efforts, we continue to energize economies worldwide.

Further, based on my experience running a successful global business and serving as a consultant to countless global women business owners, my observations indicate that women entrepreneurs must condition themselves to be risk oriented, innovative, and proactive (RIP) in order to achieve any reasonable level of success in the export marketplace.

Like everyone else, they must also achieve five things before venturing out beyond borders:

  1. Becoming ready mentally, particularly emotionally
  2. Being ready operationally
  3. Having run a successful local business
  4. Knowing how to use the latest technology
  5. Having a business with export potential.

Also, in my view, a perceived lack of credibility is the number one barrier for women doing business globally. This perceived deficiency lack makes it difficult for women to access markets, market information, and establish relationships. If you don’t already have an influential person in your life who can tout your capabilities, find one and cultivate the relationship, or just reach out to wegg.

Most of the above referenced facts are covered in my Exporting:  The Definitive Guide to Selling Abroad Profitably, Chapter 27, “Women Business Owners: Engine of Global Growth.”

Let’s face it, women launch businesses for the same reasons men do — to build wealth, to capitalize on their ideas and to be their own bosses.

Oftentimes you must learn about starting a business and taking it global the hard way — by doing it — and getting assistance from programs such as wegg’s helps enormously.

Female entrepreneurs are the engine of global growth and with appropriate support, will conquer the world.  Just you watch.

wegg® keeps energizing women entrepreneurs the world over. We can help you build confidence, find great resources and show you the steps you can take to go global. Join us for our FREE wegginar® on 11/7 with Cristina Bandal. You can find all of the details, and register for the event, here.

Women Entrepreneurship in the EU: The Numbers

Screen Shot 2018-08-30 at 11.30.14 AM

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:

Screen Shot 2018-08-30 at 11.25.46 AM.png

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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Social Entrepreneurs Put Passion Over Profits for Global Growth

socialentrepreneursputpassionoverprofitsforglobalgrowth

Women entrepreneurs across the globe, especially in Asia, are re-examining life’s problems through a entrepreneurial business lens.  By doing as such, women entrepreneurs are harnessing the power of global markets to tackle poverty and social ills, according to the Thomson Reuters Foundation poll on the best countries for social entrepreneurs.

Of the world’s 45 biggest economies, the survey found the Philippines was the country where women fared best when taking into account representation in leadership roles in social enterprises and the gender pay gap.  They also discovered:

Women interviewed across Asia described a fairer playing field and higher drive to put compassion over valuation as the reason women are doing so well as social entrepreneurs.

Read more:  In Asia, Female Entrepreneurs Steer Business Toward Social Work

For a full look at the best countries to be a social entrepreneur 2016, visit:  http://news.trust.org/spotlight/Best-countries-to-be-a-social-entrepreneur/

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next_up_5oct_2016_wegginarNote: Don’t miss our next WEGG webinar 10/5 on “Cyber Security,” and presented by Linda Kelly, Sr. Relationship Manager, Commercial Client Coverage, HSBC Bank USA. Register here: https://attendee.gotowebinar.com/register/7621255329636249348. Event is no charge but you must register in advance to attend.

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Lagos Ladies, Get Ready to Scale Your Businesses Globally

LagosLadies

If you are an innovative female entrepreneur based in Lagos, Nigeria and looking for scalable growth, you are in luck because the SME Boutique Women’s Exclusive Club (SWEC) has been launched just for you.

SWEC is an exclusive club for Lagos based female entrepreneurs who are seeking business growth and personal development opportunities and will offer brand visibility, capacity building business opportunities, mentoring and networking and access to financing, to name just a few of the free services.

Learn more:  Girl Boss!  Are you an Innovative Female Entrepreneur looking for business growth opportunities?  Apply to join the SME Boutique Women’s Exclusive Club (SWEC) Business Plan Accelerator Programme Scale UP!

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Note: Don’t miss our next WEGG webinar 8/24 on “Reach Multilingual Markets: Creating Content, Developing Effective Partnerships, and Utilizing Translation Technology,” and presented by expert Jennifer Murphy, Director of Marketing, Eriksen Translations, Inc. Register here: https://attendee.gotowebinar.com/register/8702241284561995012. Event is no charge but you must register in advance to attend.

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Act Smart, Use Apps, Get Ahead in the Global Business World

Act Smart, Use AppsGetAheadIntheGlobalBusinessWorld

In our technologically advanced and interconnected world, it is advisable to act smart rather than just limiting your work to hard-work.  Here are 5 business apps which have contributed to the success of female entrepreneurs:

  1. Dropbox
  2. Time Master
  3. Awesome Note
  4. Expensify
  5. Pepperi

Read more: 5 Business Apps For Women Entrepreneurs To Rise and Shine

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next_up_13July_2016_wegginarNote: Don’t miss our next WEGG webinar 7/13 on “China Exports: Growing Brand Recognition Locally First,” and presented by expert Nicole àBeckett, President of Mercatura Global. Register here: https://attendee.gotowebinar.com/register/1045496295028407041. Event is no charge but you must register in advance to attend.

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Trend for Female Entrepreneurship Is Significantly Up Worldwide

Top Cities for Female Startup Founders

The recent Global Startup Ecosystem (GSE) Ranking report found that “the trend for female entrepreneurs is significantly up,” with the number of new businesses started by women rising by 80 per cent in the past three years.  While startups in the past were sprung forth nearly entirely from places like Silicon Valley and Boston, the span of locations today includes cities from all over the globe — making it excellent news pretty much no matter where you live.

The rise of crowdfunding has seen a “democratisation” in the business world, allowing more and more women to successfully start their own companies.

Expert Market has drawn data based on the GSE Ranking report to rank the top 20 cities in the world for startups founded by women and the percentage averages in each continent.  Chicago (my hometown) just happens to be No. 1!

Read more:  The 20 best cities int he world for female entrepreneurs

Infographic courtesy:   www.expertmarket.co.uk

2014 Was the Break-out Year for Female Entrepreneurs

Why has Forbes referred to 2014 as the break-out year for female entrepreneurs? Reasons are aplenty:

For example, nearly 20 percent of early stage “angel” funding was invested in women-led businesses in 2012 – a growth of 40 percent from the previous year. The number of women-led businesses with more than $10 million in revenue increased 57 percent – significantly faster than the growth rate of $10 million-plus businesses overall.

As the article below says, “Supporting female entrepreneurship is not only the right thing to do – it’s the smart thing.”

Agree?  If you do, like this page and share like crazy!  Can’t wait for 2015 — the year female entrepreneurs SOAR globally!

Doing Better: NC a leader in supporting female entrepreneurs

Photo courtesy:  Flickr

Posted by:  Laurel Delaney

Beijing, Tianjin and Heibei Province Women Entrepreneurs Collaborate

WomenOfChina

Women entrepreneurs in Beijing, Tianjin and Hebei Province are willing and able to actively participate in a new type of collaboration.   The three associations of women entrepreneurs sought to implement the Beijing, Tianjin and Heibei Province collaborative development strategy, a joint initiative of the three women entrepreneurs, and signed the “Women Entrepreneurs Association of Beijing, Tianjin and Hebei letters of intent” Agreement.

The move aims to combine the three regions’ women entrepreneurs respectively with the advantages of modern industrial division, to build an efficient communications platform for member companies to strengthen economic exchanges and cooperation and to promote resource integration and industrial docking. It also encourages women to participate in social welfare undertakings, to assume social responsibility, and jointly promote development.

Read the entire article:  Female Entrepreneurs to Participate in Regional Cooperation – All China Women’s Federation

Related:  Women of China – All China Women’s Federation

Photo Credit: Kam™

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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