Women In Business 2018-07-11

Yorkton This Week | www.YorktonThisWeek.com | Wednesday, July 11, 2018

A9

— Nevertheless, she persisted —

Proud Owner of

ALL BOOKKEEPING

Parkland CPAP Services Inc.

S H heil int a z

ParklandCPAP_1x35_ R0011580424.indd Women in Business July11, 2018/ prod2/kj

B

Remax_1x35_R0011583013.indd Women in Business July11, 2018/ prod3/dm proof bill Email: sneufeld@remax-yorkton.ca

W N en es dy se th

SheilasPlace_1x35_ R0011580270.indd Women in Business 2018 proof sandy email: shintz@sasktel.net

Proud Owner of

Proud Owner of

Body Poetry Fitness Studio

Living Wellness Acupuncture

Yorkton Hearing Service

BodyPoetry_1x35_ R0011580334.indd Women in Business 2018 proof sandy email: dwnesseth@gmail. com

LivingWellness_1x35_ R0011584961.indd Women in Business 2018/ prod3/dm proof sandy

YorktonHearing_1x35_ R0011583010.indd YTW Women in Business 2018 •prod2/kj

La Jod ws y on

G N len isc da hu k

AllAboutFlowers_1x35_ R0011579772.indd Women in Business 2018 proof brian

TreeOfLife_1x35_ R0011585064.indd YTW Women in Business 2018 •prod3/dm

Sheila’s Place

Proud Owner of

W Ma ae ira lch li

Proud Owner of

All About Flowers / All About Gourmet Gifts & Homdécor

LRFuture_1x35_ R0011580470.indd Women in Business 2018 YTW July 11/18

Tree of Life Wellness

Proud Owner of

Ja M cqu vu ie la

BrittanysBeautyBar_1x35_ R0011580342.indd Women in Business July11, 2018/ prod2/kj

Proud Owner and Registered Acupuncturist of

Sh Mic ab he at lle os ki

Proud Owner of

LR Future Insurance & Investments

St e B pha uc n kl ie e

Realtor®

RE/MAX Blue Chip Realty

K Ar rist no en ld

All Bookkeeping_1x35_ R0011583029.indd Women in Business July, 2018/prod3dm

uc Lar hh a ol ze r

Lil_Angels_1x35_ R0011580612.indd Women in Business July11, 2018/prod1/kk

LindaOuart_1x35_ R0011583036.indd Women in Business July, 2018/prod2/kj

Proud Owner of

KristenArnold_1x35_ R0011583083.indd Women in Business July, 2018/prod2/kj

T Al rac co ey rn

Proud Owner of

L’il Angels Fun & Play Daycare

Brittany’s Beauty Bar

Financial Advisor EDWARD JONES®

W Lo o r ui s os e ch uk

U Jo d ps ie ha ll

Li Ounda ar E. t

Proud Owner of

EDWARD JONES®

C K arr ien ie le

B r H itta int ny z

ForeverWellness_1x35_ R0011580443.indd Women in Business 2018 proof sandy email: admin@ foreverwellnesscentre.com

Financial Advisor

L R aur en ie ton

Proud Owner of

Forever Wellness Centre

N Sta eu cy fe ld

N N ico ag le y

YTW_womeninbusiness_banner_6x56.h11_R0011565125.indd prod3 f/c YTW july 11/18 proof to bill

ine an a m J ar d Ch an Shopgirls

The Vintage Vault VintageVault_1x35_ R0011584947.indd Women in Business 2018 prod3/dm proof sandy Email: vintagevaultfashion@gmail. com

Proud Owner and RNCP of Better

Living Nutrition BetterLivingCentre_1x35_ R0011424541.indd YTW Women in Business 2017 •prod2/kj proof bill email: betterliving2@sasktel.net

Proud Owner of

Florissima Flowers and Plants Florissima_1x35_ R0011585153.indd Women in Business 2018 bill

Proud Owner of

Proud Owner of

Let’s Make Wine

Budget Blinds

LetsMakeWine_1x35_ R0011584965.indd Women in Business 2018

BudgetBlinds_1x35_ R0011580463.indd Women in Business July 2018/prod3dm proof brian Email: jjohnson@budgetblinds.com

Women Entrepreneurs: Think Big

Women entrepreneurs are becoming a driving force in the Canadian economy.

risk to get where they are. It’s never easy for anyone to start, grow and maintain a business.

About 50 per cent of all businesses started today are started by women. However, small and medium-sized businesses owned by women earn less than half the revenue of comparable maleowned businesses, according to data from BDC client companies.

I would encourage you to take a moment and consider how far you’ve already come as entrepreneurs, business owners and role models for other women, despite the bumps in the road. Trust in yourself and your ability to create value and you will succeed.

Part of this is a function of industry vertical—many women operate specialized consulting and service-oriented businesses that can be considered boutique in size.

But you do need help. Gender is irrelevant—no entrepreneur achieves success without the support, coaching and belief of others.

But that’s not the whole story. Women tend to grow their businesses organically. They often have a higher awareness of risk which can impact their decisions to seek the capital they need to accelerate the growth of their businesses. Negative perceptions about dealing with banks and other institutions lead many to avoid looking for external sources of funding.

It’s vital to connect and build relationships with the mentors, peers, professional advisors and others who can help you build a better business and become a stronger entrepreneur.

Risk is Part of the Job But I would remind every single woman entrepreneur out there who is running a viable business that it took some measure of

Relationships are Key Develop relationships before you need them. Connect with other women entrepreneurs and find mentors who will challenge you, guide you and invest their time with you. Seek out partners, organizations and associations that can support you and your business. They’re everywhere, if you know where to look.

Build a relationship with your banker, so you know what your bank needs from you to understand your business and see value in supporting your growth. Developing the right contacts, relationships and advice are all part of a solid business strategy.

The time is Now Now is the time to invest in your future success by getting the growth capital you need to develop new services or new products, reach new markets, or to boost the productivity and profitability of your business.

Canada needs all the entrepreneurs it can get. Don’t be content with the status quo. It doesn’t matter if you are a small business with a local market, or a potential exporter of goods and services, now is the time to invest in your business. For the good of our economy, this isn’t an option, it’s a necessity.

Lesley Lawrence

Senior Vice President, Financing and Consulting, British Columbia & North, at Business Development Bank of Canada (BDC)

A10

Wednesday, July 11, 2018 | www.YorktonThisWeek.com | Yorkton This Week

— Empower the women around you —

TracysOnBroadway_1x35_ R0011579736.indd Women in Business July11, 2018/prod2/kj

ThePlumTree_1x35_ R0011579863.indd YTW Women in Business 2018 •prod3/dm sandy

email: karlagervais@gmail. com

ck Ca eri ro ll- l Ri ca r

proof sandy

d

The Plum Tree

Karla’s Auction KarlasAuction_1x35_ R0011579743.indd Women in Business 2018

D Jo ebbi ne e s

T B rac en y de r

K Ge ar rv la ai s

M B iche ai ll ley e

MichelleBailey_1x35_ R0011579747.indd Women in Business July11, 2018/ prod2/kj proof sandy email: michelle.bailey@century21.ca

Proud Owner of

Tracy’s on Broadway & Tracy’s Bridal

Co

Po K pp are en n he im

VacationsYorkton_1x35_ R0011579760.indd YTW Women in Business •prod2/kj

Century 21 Broadway Park Realty

Proud Owner of

Proud Owner of

R Y ond un a g

Vacations Yorkton

Realtor®

B Ta ever nn ly er

Proud Owner of

Si Ali mo cia ne au

T B am m ibl y ow

YTW_womeninbusiness_banner_6x56.h11_R0011565133.indd prod3 f/c YTW july 11/18 proof to bill

Proud Owner of

Proud Owner of

Step by Step Shoes

SHOPPER’S DRUG MART

Heart and Soul Healing Centre

PumphouseAthleticClub_1x35_ R0011579868.indd YTW Women in Business july 2018 •prod3/dm sandy

StepbyStep_1x35_ R0011580456.indd Women in Business July 2018/prod3dm proof brian

Proud Owner of

Proud Owner of

Realtor®

Proud Owner of Rangeelaa-

Proud Owner of

Extravadance Studio

The Medicine Shoppe Pharmacy

Century 21 Broadway Park Realty

Bohemian Women’s Clothing and Home Decor

LH Accounting Services

ExtravadanceStudio_1x35_ R0011579875.indd Women in Business July11, 2018/ prod2/kj

TheMedicineShoppe_1x35_ R0011579888.indd Women in Business July11, 2018/prod2/kj proof sandy

TrinaStechyshyn_1x35_ R0011579893.indd Women in Businessjuly/18 proof sandy email: trinastech@sasktel.net

Proud Owner of

Proud Owner of

Realtor®

Dance Innovations

Century 21 Broadway Park Realty

Mermaid Makeup & More MermaidMakeup_1x35_ R0011585845.indd Women in Business 2018

Dance_Innovations_1x35_ R0011579989.indd Women in Business July11, 2018/prod3dm

DebCook_1x35_R0011579992. indd Women in Business July2018/ prod3/em sandy

Rangeelaa_1x35_ R0011579911.indd Women in Business July 2018/prod3m proof to brian

Proud Owner of

Forever Wellness Centre ForeverWellness_1x35_ R0011580448.indd Women in Business 2018 proof sandy

H Lin ol da ow ka

HeartAndSoulHealing_1x35_ R0011579987.indd Women in Business July11, 2018 prod2/kj

LH_Accounting_1x35_ R0011579924.indd Women in Business July11, 2018/prod2/kj

P Iv am ey

M Saty uk aS tin an uta th lap i. ati

Shoppers_1x35_ R0011580450.indd Women in Business July11, 2018/prod2/kj

S M haw or na ro w

D Co eb ok

Ar La ielcu Ra sta e

K W rist eb in er

North40Fabrics_1x35_ R0011579867.indd Women in Business July 2018•prod3/dm

K Tam os m ter y sk y

North 40 Fabrics

St Tr ech in ys a hy n

Proud Owner of

Kl T as ric sen ia ,B SP

Proud Owner of

The Pumphouse Athletic Club

Proud Owner of

Proud Owner of

Renew Wellness RenewWellness_1x35_ R0011586999.indd Women in Business July11, 2018/ prod1/kk

Canadian Women are creating startups at the Highest rate among Women in the G20 Countries, a New Report shows.

proof sandy

email: arielraelacusta@gmail. com

Canadian women are starting businesses at a higher rate than their counterparts in all other G20 countries, according to a new global report published.

considering some of the barriers they face in traditional employment.

How women are Contributing to the Economy

“Entrepreneurship is another avenue for women who have talent and ability and who want to take care of their own security and families.”

“Canada has seen a surge of entrepreneurship in our economy over the last 20 years, and women have been at the forefront, launching businesses at rates that often outpace men,” said Karen Hughes, a professor at the University of Alberta’s Alberta School of Business and Department of Sociology, and author of the 2015/16 biennial Global Entrepreneurship Monitor (GEM) Canada Report on Women’s Entrepreneurship.

Why women are Driven to go Solo

Women’s firms are also creating more jobs. “The majority of female entrepreneurs are employers (both in early-stage and established businesses), but there’s still a big group who are going it solo.”

“Now they’ve moved to first place from third, internationally, in terms of starting up and running businesses that are younger than 3.5 years.

That’s 13.3 per cent of women in Canada compared with 10 per cent in 2014.”

“Only 15 per cent said their business was started out of necessity. So it’s not driven primarily by poor economic conditions, though this is an issue for some women. But most women are recognizing and identifying opportunities,” Hughes pointed out.

Hughes said that the increase, though not a dramatic jump, aligns with the high participation of women in the labour force. “It’s clear that women in Canada have a lot of interest in entrepreneurship, and this was shown in the attitudes measured in the report, as well.”

Women are more confident than ever, too, according to the GEM Canada study.

Gaining insight into women entrepreneurship is important for fully understanding women’s economic and leadership contributions, especially

There is also no gender gap in fearing failure in this year’s report, whereas in 2014, men reported greater confidence than women.

When asked what motivated women to be entrepreneurs—defined as any attempt at a new business or business venture, which could include being self-employed or expansion of an existing business—opportunity was cited the most.

“Four out of five women said they felt well prepared and capable of running a business,” she said.

The data also indicate that although job growth is expected in the future for established female entrepreneurs, early-stage female owners expect less job growth than men—a trend that is true for Canadian female entrepreneurs as well as those in other countries. “Those modest expectations for job growth do need to be considered,” she said.

There is debate over how much Canada’s startup culture contributes to the economy, added Hughes.

“My view is that women entrepreneurs have a lot of diversity, and they need to be supported and mentored to grow. Some women are seeking very high growth, some are running productive businesses contributing to local economies, and others are balancing work and family. These are all different ways of contributing to the economy and important parts of the picture,” she said.

The full report is available online at gemcanada.org.