Women’s entrepreneur guru speaks on growing your business
Nell Merlino spoke to the audience with a
translator by her side to ensure that everyone understood the ideas she
Nell Merlino, the founder of “Take Your Daughter to Work
Day” and “Count Me In For Economic Independence” initiative in
the United States spoke to businesswomen and men about the most
important ways to grow your small business.
U.S. Consul Tom White was on hand to introduce Ms. Merlino and
he pointed out that Thailand has 9.2 women for every 10 men
starting and running their own business, one of only 7 countries
globally with such an equal rate. He noted that with the
upcoming economic integration of the AEC the new economic
landscape will offer unique opportunities for those utilizing
extra skills and knowledge.
Nell Merlino (third right), Tom
White of the U.S. Embassy (1st right) and organizer Orarick Wong
(1st left) are joined by local businesswomen before the start of
Nell Merlino is on the U.S. Department of State committee on
international economies, on the board of the American
Entrepreneurs Organization and, he said, “leading the global
movement to empower women entrepreneurs that will take women to
new levels of independence and empowerment to then act as
leaders in their own countries.”
Ms. Merlino then took the stage and talked about her project to
bring daughters to work, pointing out that it shows girls the
opportunities out there for them.
She then discussed the state of women owned businesses in the
United States, pointing out that when she started her initiative
there were 22 million women in business and only 250,000 of
those with over one million dollars in revenues. She said women
often make the mistake in thinking if they keep their business
small they can then take care of the family and the business.
She pointed out that if you have employees they can do the work,
freeing you up for your family.
Ms. Merlino pointed out three key requirements for
entrepreneurs, both women and men. Firstly, whatever the product
or service is that you are selling needs to be new, better or
different. She said it doesn’t need to be all three, but you
must at least meet two of those requirements.
Secondly, you must stand out, you must be visible. Attending
meetings and getting out there is vital. Network with local
businesspeople, join the business community and use the
resources it provides you.
Finally, you must determine what you are best at, as the
owner/creative source, she said, you need to ask yourself, “What
am I best at?” She added, “Because to know what you are best at
helps you to figure out how to delegate” She point out that many
businesses do not grow because they do not expand their capacity
to work with other people. She said “You have to hire people how
are best at things that you are not good at. Hire people smarter
than you! There is a fear, especially among women, that they
will take over the business but it is important to remember that
it is your business, you are the boss. Bring in smart people and
the whole business will be smart.”
Ms. Merlino then reminded the audience that it is vital to know
one’s financial situation. You need to know how much money you
need to grow and you have to go get it. She added that you need
to look for larger markets as well. “No one will give you these
things, you must go get them,” she said.
Nell Merlino’s audience heard about the importance of planning,
of defining roles in the business, including family businesses,
and the need to network with other business owners. Something
men have done quite well for some time but that women, while
increasingly better at it, still need to work on.
The inspirational talk was held at the Ibis Styles Hotel on
Tuesday, April 28, 2015 from 9 a.m. and saw a nearly full
audience of both women and men, students and entrepreneurs
alongside established business owners. Organized by Orarick
Sriwong and the U. S. Embassy the women of Chiang Mai learned
new ideas and key components to starting and running their own
Finance Min boasts visible economic improvement over the past 6 month
The Ministry of Finance's Permanent Secretary Rangsan
Sriworasart, claims his agency's 6-month performance report,
scheduled to be released on Wednesday, would show the public
visible improvement in Thailand's economy under its management,
saying that the only recent matter of concern is the slowing
growth of exports.
He said the government's stimulus package helped the recovery of
local spending; citing the amount of Value Added Tax (VAT)
collected during the first quarter of this year had increased by
1%. The figure consists of a 10.5% increase in domestic VAT on
spending, Mr. Rangsan indicated, adding however that the VAT on
imports was at a negative 11%, due to the lower global fuel
Meanwhile, the Permanent Secretary pointed out that local
investment has also shown signs of recovery, with March cement
sales growing 0.6%, adding that capital goods imports during the
period also expanded 5.9%.
Mr. Rangsan said, although export growth figures to China, Japan
and the European Union in February are still negative, the
figures were positive for the U.S., ASEAN member countries and
the CLMV nations, which are Cambodia, Laos, Myanmar and Vietnam.
He concluded that Thailand's overall economic outlook remains
strong with a high volume of foreign exchange reserves.
Permanent Secretary Rangsan also disclosed that last month's
tourism sector grew 23%, while adding the international
community still viewed the Kingdom as favorable for investment.
BOI approved 460 projects, worth over THB100,000m in Jan-Feb 2015
The Board of Investment (BOI) approved 460 projects applying for
investment promotional privileges during January to February 2015. These
projects involve more than THB115,000 m in investment capital and have
created 31,000 job opportunities, according to acting BOI
Secretary-General Hirunya Suchinai.
The approved projects have begun their operations one after another,
particularly those producing automobile parts and electronic equipment.
Hirunya said those investments demonstrated investors’ confidence in
Thailand’s potentials as industrial production base and proved the
country's attractiveness to new investors.
Last week, she said, the BOI meeting chaired by Prime Minister Gen
Prayut Chan-o-cha approved ten more projects worth around THB28,000m.
They include, among others, an auto part factory, a Biomass power plant
and international exhibition centers. (NNT)