As the founder of comprehensive business development company TALK Enterprises, Karl Andre Talbot has a strong admiration for all committed entrepreneurs that want to launch a new brand into a pattern of constant success. In fact, Talbot has utilized his extensive resources in both the marketing and business world to help connect seasoned investors and mentors with the enterprising minds of today. Believing that startup ventures hold the potential to re-ignite the global economy, Talbot explains that investors not only need to pay attention to the possibilities posed by younger minds, but from women entrepreneurs as well.
According to a recent article from Forbes, a new report presented by Dell reveals that there is notable growth among female entrepreneurs, not only in North America, but in other countries all over the planet. The article explains, “…At the fourth-annual Dell women’s entrepreneurs event, Dell announced the results of the first-ever global index to measure female entrepreneurship around the world. Not surprisingly, the more than eight million women-led businesses in the United States came out on top. According to Dell, the ‘Gender-GEDI’ is the only such index looking specifically at high-potential female entrepreneurship based on aspiration, thriving business environments and entrepreneurial networks in each country. The research team looked at 30 indicators and ranked 17 countries for the inaugural list, which Dell executives hope to use to raise awareness about the importance of female participation in small business development globally.”
In response, Talbot comments, “It is actually very surprising that this is the first report to take a comprehensive look about female entrepreneurship success across the globe. While it is the first of its kind, I believe it is a positive step forward that will not encourage more women to take on new challenges in creating new business, but will help open the eyes of investors and other leaders when it comes to what great possibilities this segment of the population can offer.” While the United States came out on top of the list, Talbot explains that many may be surprised to find that not all of the countries on top were from North America alone; in fact, the list revealed a fairly global level of opportunity for female entrepreneurs.
Specifically, Forbes reports, “Other top-ranking countries include Australia (No. 2), Germany (No. 3), France (No. 4) and Mexico (No. 5). However, despite India’s recent economic surge, it ranked No. 16. Other rankings include Japan (12), Morocco (13), Brazil (14) and Egypt (15), and Uganda (No. 17).” Karl Andre Talbot responds, “I think the greatest thing that can be taken away from the new list is that geographic location does not necessarily determine how successful you can be as a female entrepreneur, but how the individual cultures of each country play a role in this opportunity.”
In terms of what brought the United States to the top of the list, Forbes explains, “While top-ranking countries performed consistently well across all 30 data points which included access to banking, education levels and economic development, the U.S. performed the best on indicators of good institutional foundations and a strong overall entrepreneurial environment, which put it at the top of the ranking.”
Hoping that the new research will foster a spirit of success across all cultures, Talbot encourages all entrepreneurs and investors to look at what criteria helped Dell list these countries. Most notable, Talbot highlights the fact that “economic development” of a country was not enough of a quality to put one at the top of the list in regards to successful female entrepreneurship. The article observes, “Being strong in key areas such as legal rights, education and access to finance do not automatically result in high-potential female entrepreneurship. In some countries, the business environment for success is right, but female entrepreneurship is still low. This is often due to social and cultural norms that make it less conducive for women to become entrepreneurs. Japan, U.K. and U.S. are all high income countries but Japan has the lowest percentage of female managers (nine percent) compared to U.S. (43 percent), leaving many women in Japan without the experience and skills to start their own businesses.”
Karl Andre Talbot responds, “While this particular observation may prompt business cultures to be more open to placing women in managerial roles, I believe that the individual entrepreneur can look at this as a tip for success. Specifically, this point is noting that in order to have more opportunity as an entrepreneur, it can help immensely to have managerial experience and learn how to operate a staff—and a business—from a comprehensive level.”
Another important point Talbot believes is worth highlights is Forbes’ observation that “access to finance is crucial” and “effective networking can open doors” when it comes to determining that potential for success that a female entrepreneurs may have within a certain country. Providing an example of the latter point, the article explains, “Networking with other entrepreneurs and having access to the Internet helps create opportunities for female entrepreneurs. In particular, the Internet provides new ways of networking that eliminate temporal and geographic, as well as gendered social constraints, that can limit women’s access to information and resources. In the U.K., 78 percent of Internet users are women, compared with less than seven percent in India and Uganda.”
“As a strong supporter of the entrepreneurial spirit, I am always encouraging enterprising professionals to reach out and make connections. Networking—on and off the Internet—can play a vital role, no matter how small the connection, in determining success of a startup. In fact, through my experience I have found that the greater the networking skills of the entrepreneur, the more likely it is that they will find that ‘access to financing’,” Karl Andre Talbot concludes.
Karl Andre Talbot is the innovative and driven founder of TALK Enterprises, a comprehensive business development firm that stands to offer solid services in marketing, technology and entertainment. As a seasoned professional of the marketing world, Talbot has had the ability to lead this company to success since its inception in 2010. Although TALK Enterprises serves a diverse set of clients from multiple industries, all efforts under the firm are designed to meet the same goal—to produce unprecedented business growth and opportunities.