This document is a draft module from a tool kit for credit union leaders and lenders. It discusses reasons why women become entrepreneurs and barriers they face in growing businesses. The module explores the three main types of entrepreneurs, differences in reasons cited by men and women for starting and expanding businesses, and how understanding motivations can help support women. It provides statistics and concludes with resources for further information.
We’re excited to share a data-driven look at what makes successful founders. We’ve surveyed VCs and distilled characteristics that differentiate successful founders from not so successful ones. What’s your founder superpower? #BasisForSuccess
Conociendo el Toolkit "Los Guerreros del Cubículo". -PABLO HANDL Y LUCIANA SH...LiderAgenteDeCambio
Repasa los 5 componentes de la caja de herramientas de la Liga de los Intraemprendedores, de la mano de sus autores para convertirte en un Intraemprendedor Social
The Toronto Startup Environment - a talk for the 2014 SAGE Canada conferenceZainab Habib
I delivered this talk on the Toronto Startup Environment at the SAGE Canada conference on March 1 2014.
If you're unable to view it due to the PowerPoint 2013 format, connect with me for an original copy.
The Corporate Refugee Startup Guide Insights - USASBE PresentationDave Gee
The insights from these slides are intended to help first-time entrepreneurs, especially those leaving corporate, make an effective transition to the life of an entrepreneur. These are slides that were provided to a presentation to the United States Association for Small Business and Entrepreneurship.
These slides provide an overview of some of the insights from world-class VCs, angel investors, IP attorneys, researchers, entrepreneurs and more. The entire content is available in my book, The Corporate Refugee Startup Guide which is available on Amazon.
If you need guidance on your startup or want insights on how to launch an accelerator program contact Dave at: dave@startupguides.io.
This module aims to explore the concept of restarting your business. Have you had a business beforehand and it failed and you are eager to set up another? Well, if that's the case this module, and in fact this course is tailored exactly for you. In particular, this module looks at why you might decide to start over and the steps you need to take to pursue this goal.
We’re excited to share a data-driven look at what makes successful founders. We’ve surveyed VCs and distilled characteristics that differentiate successful founders from not so successful ones. What’s your founder superpower? #BasisForSuccess
Conociendo el Toolkit "Los Guerreros del Cubículo". -PABLO HANDL Y LUCIANA SH...LiderAgenteDeCambio
Repasa los 5 componentes de la caja de herramientas de la Liga de los Intraemprendedores, de la mano de sus autores para convertirte en un Intraemprendedor Social
The Toronto Startup Environment - a talk for the 2014 SAGE Canada conferenceZainab Habib
I delivered this talk on the Toronto Startup Environment at the SAGE Canada conference on March 1 2014.
If you're unable to view it due to the PowerPoint 2013 format, connect with me for an original copy.
The Corporate Refugee Startup Guide Insights - USASBE PresentationDave Gee
The insights from these slides are intended to help first-time entrepreneurs, especially those leaving corporate, make an effective transition to the life of an entrepreneur. These are slides that were provided to a presentation to the United States Association for Small Business and Entrepreneurship.
These slides provide an overview of some of the insights from world-class VCs, angel investors, IP attorneys, researchers, entrepreneurs and more. The entire content is available in my book, The Corporate Refugee Startup Guide which is available on Amazon.
If you need guidance on your startup or want insights on how to launch an accelerator program contact Dave at: dave@startupguides.io.
This module aims to explore the concept of restarting your business. Have you had a business beforehand and it failed and you are eager to set up another? Well, if that's the case this module, and in fact this course is tailored exactly for you. In particular, this module looks at why you might decide to start over and the steps you need to take to pursue this goal.
Riding on the Currents of Innovation to Supercharge Employee RelationsJoris Claeys
Organizations don't innovate! People do!
Breaking down silos – making things happen!
Building the NEW! Cultivate change! Do it with PASSION!
Enabling intrapreneurship through innovation champions, change agents and wave makers!
Leaders need to cultivate, hone-in and strategically unleash intrapreneurship across their organization or team.
Key to cultivating intrapreneurship is transparency: foster a healthy environment, where intrapreneurs flourish
Many want what innovation delivers, but aren’t prepared to do what it takes!
Organizations and leadership need to be AGILE – ADAPTIVE – RESPONSIVE
Creating an agile culture fosters forward thinking innovation!
Capacities bring forward your uniqueness, through emphasizing on your strengths and knowing your limitations for ourselves, team, company and ultimately the extended enterprise in which you operate. Resulting in effective collaboration – co-creation – co-design
Adaptive innovation cultures and human innovation capacities encourage ability to spot unique opportunities.
Landscape of the future
Why the career ladder no longer matters!
From hierarchy to lattice!
More companies look at alternative structures & why you should too.
CXO’s should experiment with ‘next stage’ organizations.
TEAL is the new green+blue addressing
all 5P’s of thrivable sustainability
This would be amazing! but we could never do this because …
“People from all ranks sense but hide the real pains, that something is broken in the way we run organizations. We need to create a whole ecosystem of support for organizations going Teal” – Frederic Laloux
“The ground beneath us is shifting at an accelerating rate. The implications for strategy are profound!” – John Hagel
“The truly creative changes and the big shifts occur right at the edge of chaos. Creativity is not an option, it’s an absolute necessity!” – Sir Ken Robinson
It’s imperative to bring creativity to learning!
Enabling us to be innovative!
Without change of mindset
real magic cannot be expected!
think, lead & act without the box
amaze – attract – advance
Speaking engagement at
PMAP Regional Conference 201508 – People Management Association of the Philippines
For speaking and coaching engagements, contact me via ExpertFile or LinkedIn
www.expertfile.com/experts/joris.claeys
www.linkedin.com/in/knowledgenabler
You can request this presentation in PDF or PPT with full animation email at
Joris.Claeys@outlook.com
This article is based on a presentation Betsy Williamson delivered to CFA Institute members on how women can be successful within the UK's investment industry.
عقدت #نواصة أولى فعالياتها بحضور فاق ال 120 شخص تحت رعاية مركز الملكة رانيا للريادة وشركة ElektroJo . تضمنت الفعالية ورشة تدريبية عملية تحت عنوان "مقدمة في ريادة الأعمال" بتنظيم وإعداد المدربة أسماء الكيالي وعرض تجربة الحائز على جائزة "ريادي العام" لعام 2014 الريادي كمال الحمود و الحديث عن التحديات التي واجهته عند تأسيس شركته الخاصة وتم توزيع شهادات للحضور باسم أكاديمية "قادة على طريق الريادة" وباعتماد دولي.
Reinventing Business: Audacity and HumilityBruce Eckel
The pitfall of traditional management is the expectation of deterministic cause and effect behavior, and this is reflected in the most popular business books. I look at the problems with these issues and how we can see the business landscape in a realistic and practical fashion, while still trying to achieve a happy workplace.
Module 2 examines the aspect of overcoming fears and assessing your potential. There are various case studies to let you see for yourself the benefits of business failure, and how failure can in fact help you in restarting your business.
Riding on the Currents of Innovation to Supercharge Employee RelationsJoris Claeys
Organizations don't innovate! People do!
Breaking down silos – making things happen!
Building the NEW! Cultivate change! Do it with PASSION!
Enabling intrapreneurship through innovation champions, change agents and wave makers!
Leaders need to cultivate, hone-in and strategically unleash intrapreneurship across their organization or team.
Key to cultivating intrapreneurship is transparency: foster a healthy environment, where intrapreneurs flourish
Many want what innovation delivers, but aren’t prepared to do what it takes!
Organizations and leadership need to be AGILE – ADAPTIVE – RESPONSIVE
Creating an agile culture fosters forward thinking innovation!
Capacities bring forward your uniqueness, through emphasizing on your strengths and knowing your limitations for ourselves, team, company and ultimately the extended enterprise in which you operate. Resulting in effective collaboration – co-creation – co-design
Adaptive innovation cultures and human innovation capacities encourage ability to spot unique opportunities.
Landscape of the future
Why the career ladder no longer matters!
From hierarchy to lattice!
More companies look at alternative structures & why you should too.
CXO’s should experiment with ‘next stage’ organizations.
TEAL is the new green+blue addressing
all 5P’s of thrivable sustainability
This would be amazing! but we could never do this because …
“People from all ranks sense but hide the real pains, that something is broken in the way we run organizations. We need to create a whole ecosystem of support for organizations going Teal” – Frederic Laloux
“The ground beneath us is shifting at an accelerating rate. The implications for strategy are profound!” – John Hagel
“The truly creative changes and the big shifts occur right at the edge of chaos. Creativity is not an option, it’s an absolute necessity!” – Sir Ken Robinson
It’s imperative to bring creativity to learning!
Enabling us to be innovative!
Without change of mindset
real magic cannot be expected!
think, lead & act without the box
amaze – attract – advance
Speaking engagement at
PMAP Regional Conference 201508 – People Management Association of the Philippines
For speaking and coaching engagements, contact me via ExpertFile or LinkedIn
www.expertfile.com/experts/joris.claeys
www.linkedin.com/in/knowledgenabler
You can request this presentation in PDF or PPT with full animation email at
Joris.Claeys@outlook.com
This article is based on a presentation Betsy Williamson delivered to CFA Institute members on how women can be successful within the UK's investment industry.
عقدت #نواصة أولى فعالياتها بحضور فاق ال 120 شخص تحت رعاية مركز الملكة رانيا للريادة وشركة ElektroJo . تضمنت الفعالية ورشة تدريبية عملية تحت عنوان "مقدمة في ريادة الأعمال" بتنظيم وإعداد المدربة أسماء الكيالي وعرض تجربة الحائز على جائزة "ريادي العام" لعام 2014 الريادي كمال الحمود و الحديث عن التحديات التي واجهته عند تأسيس شركته الخاصة وتم توزيع شهادات للحضور باسم أكاديمية "قادة على طريق الريادة" وباعتماد دولي.
Reinventing Business: Audacity and HumilityBruce Eckel
The pitfall of traditional management is the expectation of deterministic cause and effect behavior, and this is reflected in the most popular business books. I look at the problems with these issues and how we can see the business landscape in a realistic and practical fashion, while still trying to achieve a happy workplace.
Module 2 examines the aspect of overcoming fears and assessing your potential. There are various case studies to let you see for yourself the benefits of business failure, and how failure can in fact help you in restarting your business.
A look at female employment factors and potential issues within the mining industry. Details why there are problems and differences to be considered, compared to the traditional male archetype, and what can be done to improve aspects of female employment by mining companies.
Applicable to other industries outside of the mining sector.
We’re excited to share a data-driven look at what makes successful founders. We’ve surveyed VCs and distilled characteristics that differentiate successful founders from not so successful ones. What’s your founder superpower? #BasisForSuccess
Entrepreneurs are the mythic heroes of our economy. We relish retelling the stories of superstar entrepreneurs such as Steve Jobs, Biz Stone, and Debbi Fields. But are they typical? Most new businesses stay small and don’t change the world (at least, not all by themselves).
Let’s start with a 360° view of what a “typical” new business looks like, according to our research.
The importance of women in organizational effectiveness cannot be overemphasised. Nonetheless, women are underrepresented in senior leadership positions in business today. Therefore, it is critical that you begin questioning and shifting the culture to ensure that your executive teams include women who can make critical decisions.
What role does your company's culture play in ensuring women succeed and grow in their positions? What are the most critical leadership skills for the next generation of female leaders?
In this deck, you'll find insights and actionable strategies to keep your organisational female leadership pipeline strong.
You will also learn:
• How to create a culture conducive to female retention and leadership
• How your company and its culture can empower women
• The most essential leadership competencies for emerging female leaders
• Unique and effective approach to women's leadership development
Our annual report finds significant numbers of startups continue to have no women in leadership, yet a growing percentage have programs in place to change that.
Are you the best-kept secret in your organization? What does it take to be recognized as an outstanding expert or leader? Uncover the three essential elements of an effective leadership brand and the key steps to making your value visible. Learn how to attract high-profile roles and solidify your reputation as an influencer in your field.
A ManpowerGroup whitepaper on female leadership. Making the case for more women leaders in businesses today. Find out how to get them and keep them in your organisation.
1. A Tool Kit for Credit Union
Leaders and Lenders
Module Two
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2. Why do more women than men start
businesses in Canada but more men grow
them?
What barriers do women face in growing
their businesses?
How can credit union leaders and lenders
better support women to grow their
businesses?
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3. Vancity Community Foundation undertook
the
Women Entrepreneurs: Financing
Opportunities for Growth
project between 2011 – 2013 to address
these questions.
The project included extensive
research and a pilot project for women
entrepreneurs.
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4. The content of this tool kit reflects what we
learned from project participants, service
providers and advisors about how credit
unions in Canada can better support
women to grow their businesses and, by
extension, support greater economic
activity and job creation.
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5. Welcome to Module Two:
Women and Reasons for
Entrepreneurship
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6. In This Module We Will Explore
1. The three main profiles of entrepreneurs.
2. The reasons women give for becoming
entrepreneurs.
3. How those reasons can be different from
those stated by men.
4. How reasons for entrepreneurship are
linked to business growth and success.
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7. Introduction
• Why do women become entrepreneurs? Is
there a difference between why women
and men become entrepreneurs?
• In order to understand more about women
entrepreneurs, it is important to know, in
general, why men and women start
businesses.
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8. Facts
• Women have been starting businesses at a higher rate
than men for several decades in Canada.
• Women tend to own smaller businesses but are poised
to play a significant role in future job creation through
growth.
• In 2007, 81% of firms in Canada that had fewer than 5
employees were women-owned.
• In 2010, 36% of BC’s small businesses were owned by
women.
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9. Three Types of Entrepreneurs
1. Classic Entrepreneur
2. Lifestyle or Work-family
Entrepreneur
3. Forced or “necessity”
Entrepreneur
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10. Type One: Classic
• Motivations: Like Challenge, Seek Financial
Independence (53% of women, 71% of men)
• Classic entrepreneurs are more likely to
own an incorporated business and to have
employees.
• They are less likely to work in home-based
businesses, more likely to work full-time,
and more likely to work longer hours than
those in the other groups.
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11. Type Two: Lifestyle or Work-family
• Motivations: Work/Life Balance, Flexibility
(25% of women, 7% of men)
• Lifestyle or work-family entrepreneurs are
more likely to have home-based
businesses, to work part-time and to work
relatively shorter hours.
• Few entrepreneurs have incorporated their
businesses in this group.
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12. Type Three: Forced or ‘Necessity’
• Motivations: Unemployment,
Underemployment, Lack of Suitable Work
Opportunities (22% both men and women)
• Forced entrepreneurs are more likely to be
sole proprietors, work at home and keep
full-time hours.
• Many people in this group would chose to
have a conventional job if it were an
option.
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13. Reasons for Entrepreneurship
22%
Forced
22%
7% Men
Lifestyle
25% Women
71%
Classic
53%
0% 20% 40% 60% 80%
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14. Differences in why men and
women start businesses.
• “Greater freedom” is reported as the single
most important factor for self-employment
for both men and women.
• A significant number of all entrepreneurs
previously worked in the sector in which
their business operates.
• But more men than women say making
money was the main motivation for
starting a business.
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15. Differences in why men and
women start businesses.
• Women more often than men launch
businesses to balance work and family
responsibilities.
• 27% of women surveyed say flexibility and
work-family balance was the motivation for
starting their business compared to 7% of
men.
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16. Differences in why men and
women start businesses.
• According to a Women’s Enterprise Centre
survey in BC in 2011, 69% of women
surveyed mentioned “passion and self-
fulfillment” as a primary motivation.
• Many women say they identified a need or
niche that motivated them to start their
business.
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17. Different Reasons to Grow
Business
• Motivations change over time and the top
reason women cite to grow their business
is to increase their income.
• According to Industry Canada, in 2007
16% more women intended to grow their
business than men (44% vs 38%).
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18. In BC
• According to clients surveyed by the
Women’s Enterprise Centre in 2011, these
are the top three reasons given for
business growth:
– Higher income (66%)
– Passion, self-fulfillment, challenge (63%)
– Increased demand, business opportunity
(61%)
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19. Top 3 Reasons for Start-up vs Growth
Increased Demand/Business Opportunity 61%
Passion & Self-fulfillment 63%
Higher Income 66%
Growth
For the Challenge Start-Up
28%
Independence & Autonomy
53%
Passion & Self-fulfillment
69%
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21. Women entrepreneurs are more
likely than men to:
start out as lifestyle entrepreneurs motivated by a
desire for independence, self-fulfillment and flexibility
be relatively conservative when it comes to taking
risks
not require large amounts of start-up capital
have smaller, more manageable businesses with
fewer employees
be interested in business growth but approach it
differently than male entrepreneurs - preferring a
‘slow and steady’ rate of expansion
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22. “My single piece of advice to women
considering expanding their business
is be sure to dream big enough, no
dream is too big.”
Joyce Groote, President and Chief Executive Officer of
Holey Soles Holdings Ltd.
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23. Quiz
• Please click on this link to review the
points covered in this module.
• Note to Reviewer:
– Modules will include an optional, online quiz
(5 to 6 questions) that will reinforce some of
the key points made in the module.
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24. NOTE TO REVIEWER
• The following three slides are an
infographic delivering a few key facts.
• It is difficult to see in this format but will be
readable in the final online presentation.
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29. End Notes
Sources
• Hughes, Karen D. 2005. Female Enterprise in the New Economy . Toronto:
University of Toronto Press.
• Hughes, Karen D. 2006. “Exploring motivation and success among
Canadian women entrepreneurs.”
Journal of Small Business and Entrepreneurship. Vol.19, Issue 2.
• Small Business Profile 2011
• Small Business BC, www.smallbusinesbc.ca
• BC Stats, wwwbcstats.gov.bc.ca
• KPMG. October 15, 2012. “Women changing the face of Canadian
entrepreneurship”
• http://www.newswire.ca/en/story/1052491/women-changing-the-face-of-
canadian-entrepreneurship
• CIBC World Markets, 2004. “Women Entrepreneurs: Leading the Charge”.
• Caranci, Beata and Leslie Preston, January 2012. “The Venus Vs. Mars
Approach to Entrepreneurial Success in Canada.” TD Economics.
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