FRANCHISE NEWS The latest reports from businesses in franchising
London ranked third-best city worldwide for women entrepreneurs
n London has been ranked as the third-best city in the world for female entrepreneurs, according to Dell’s 2017 Women Entrepreneur Cities Index. The report evaluated 50 cities on their capacity to attract and foster the growth of women-owned businesses based on fi ve factors: access to capital, culture, markets, talent and technology. In addition, the impact of local policies and characteristics, as well as national laws and customs, were considered. London was determined to be
the third-best city for its markets and capital availability, while it ranked second for technology.
Its overall ranking in third place makes London one of only two European cities in the top 10, with Stockholm, Sweden, placing fi fth. New York took the top spot, followed by the San Francisco Bay Area. The UK’s second-highest entry on the list is Belfast, which came in at number 36. The top cities for female entrepreneurs in the world are: 1. New York
It could be you!
n Erkan Lale opened his Simit Sarayı franchise in Amsterdam fi ve years ago.
He says: “I decided to become a Simit Sarayı franchisee as I knew the brand very well from Turkey and saw how successful it was. We decided to open our own Simit Sarayı store because we were looking for an exciting new venture and this seemed perfect. It was great to see a Turkish brand doing so well abroad and we are so proud to be a part of its growth in the Netherlands.
“I had been a tradesman here in the Netherlands for 25 years when I came
2. San Francisco Bay Area 3. London 4. Boston, MA 5. Stockholm 6. Los Angeles 7. Washington, D.C. 8. Singapore 9. Toronto 10. Seattle
Karen Quintos, Dell’s chief customer
offi cer, says: “Globally, women’s entrepreneurship rates are growing more than 10 per cent each year. In fact, women are as likely or more likely than men to start businesses in many markets. However, fi nancial, cultural and political barriers can also limit the success of these businesses.
“By arming city leaders and policymakers with data-driven research and clear calls to action, we can collectively improve the landscape for high-potential women entrepreneurs, which, in turn, dramatically lifts a city’s economic prospects, as what is good for women is good for the economy.”
Elizabeth Gore, entrepreneur-in-
residence at Dell, adds: “The index can be used as a diagnostic tool to help ensure that lawmakers are enabling women entrepreneurs to succeed. Each of the cities on this list can learn from one another and encourage political change to attract and support women entrepreneurs. “The resulting change will be felt at not just a city level, but around the world as we develop an ecosystem where all entrepreneurs can thrive regardless of gender.”
across the opportunity to open my own Simit Sarayı franchise; I quickly started to gather information after this. For the past fi ve years now, we have been introducing Turkish tastes to people in the heart of Amsterdam. “It’s been great operating a brand known around the world – everything is going really well. We have customers who have been to our London or Istanbul stores and they come here because they recognise us, which is very exciting. We would like to express our gratitude to everyone at Simit Sarayı for their support since day one. “I would defi nitely recommend Simit Sarayı to people looking to invest in a franchise. It is a fast-growing and successful brand, and we are very pleased in terms of its profi tability. We certainly recommend it to everyone.”
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BusinessFranchise.com | September 2017
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