Women Trading Globally
Across four cohorts, 57 women entrepreneurs from the South Pacific, South-East Asia and South Asia participated in Women Trading Globally. Participants were from small to medium sized businesses representing different industries and stages of development. All were intrepid, determined to overcome local obstacles and meet the challenges of doing international business.
to see what some of the Women Trading Globally participants had to say about the program.
The activities of the project consisted of four elements:
- Building of ecosystems
- Coaching and mentoring
- Providing supplementary information
Topics covered in the training included:
- How to set up and grow the business;
- Marketing and branding, including sourcing buyers and suppliers;
- Trade finance and letters of credit;
- Customs declaration/documentation;
- Tariff classification/rules of origin;
- Laws and regulation; and
88 per cent grew their business, since their training in Australia. Most grew in the range of 21-60 per cent, while others grew even more. Growth, including through increased sales and vertical integration, has meant the need for increased finance.
77 per cent came out of the project with high levels of confidence, braving trade expos and pursuing customers. More than half (53 per cent) made major adjustments or pivoted altogether – applying a ‘lean start-up’ approach.
Covid-19 has put a brake on growth of many Women Trading Globally businesses. But many stayed viable by shifting their focus to the domestic market, including finding new customers. As a cohort, they supported peers that are struggling.
The future remains promising for the Women Trading Globally entrepreneurs. 72 per cent are looking for new ventures. They are positively impacting others, including by creating jobs, sharing knowledge and supporting other women-run businesses.
100 per cent of participants would recommend Women Trading Globally. Participants described the program as “life-changing”.
The Women Trading Globally brand, is growing. Previous participants have formed their own ‘clubs’ or network in their own countries. We have received many approaches from both governments and individuals for further courses and support.
Stories from Women Trading Globally participantsSome of the inspiring women entrepreneurs who participated in the program have shared their experiences with us. Click on "Read more" for further insights into their remarkable stories - before and beyond their time in Australia through women trading Globally.
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"In 2014 Vekta Automation became involved in the Export Awards and started to get a better understanding about the role of the Export Council of Australia. After attending a seminar in Perth in February 2019 the decision was instantly made and we signed up the next day. A decision we should have made 5 years earlier. For Vekta, the information, expertise and networking opportunities that the ECA provides has been valuable. It is reassuring knowing that there are experienced and knowledgeable people we can turn to when advice is needed."
Established in 1970, Mavlab Animal Health Pty Ltd is a Queensland based, family-owned, GMP licenced manufacturer of veterinary pharmaceuticals and pet care products. Mavlab has an extensive range of prescription and over the counter products sold in a growing number of global markets. Contract manufacturing opportunities are also available.