YouSaid · the spoken record

Asahi Pompeii

lines on the record: 32
first: 2021-06-15
most recent: 2021-06-15
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Have access to this global mind, that chances are if it had not been for the pandemic, I wouldn't be this familiar with MS teams, I wouldn't be this familiar with Zoom. So I'm really so much more confident. And I feel I can partake at any stage in the world. And I think this was brought through by the pandemic. So I'm definitely more confident.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Definitely. I think especially compared to at the beginning of this pandemic. So when it started, I actually thought, oh my God, I'm going to be bankrupt. I won't be able to buy food. But I actually learned during this time just how resilient I am. And I mean, the growth fellowship is one of the things. I think when I was going through the growth fellowship, I actually remember the one day when we were brainstorming my growth opportunities. And I think we're sitting around the table. There were lots of intelligent senior people from Goldman Sachs and every single one of us. I think we were about eight or nine. And every single one of us, we were sitting thinking about how to take my business forward, thinking about what to do next for my business. And I actually realized something that the pandemic sort of gave me as a person to say, you know what, as much as I'm in Africa, as much as I'm sitting here in a corner somewhere in Johannesburg.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Low level work that takes my attention away from what I should be doing for the business. So I have to be very disciplined to say, Mancha, leave the laundry alone. Leave the dishes alone and focus on work.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“I'm a good cook. I didn't know that. So in that four months, restaurants closed. So every time when I wanted a good meal, it was a no-brainer. You just get into your car and go to the restaurant. But all of a sudden all those gourmet meals that I used to eat at the restaurant, YouTube was my friend. I would be like, sir, how do you make duck? Siri, how do you make salmon? So that's the one thing. And I continue to cook now. So we don't go out as much as we used to as a family and we are eating better quality meals. So I think everyone is very happy with that. Then the second thing, which I think I'm still learning, is delegating low level work. So when I'm working, I just feel like no, man, I can do the dishes quickly. I can do the laundry quickly. And I find that instead of focusing on the higher value work in between my work, I'm doing this.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“From stretch, but now I've learned you prepare the content once, you record it appropriately, and after that you can sell it as many times as possible. So even when I'm old and I'm 80, I'll still be selling some of the content that I created today.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Yes, definitely. And I think during this time, also, I mean, just little things, I know the importance of things like studios, lighting, sound, and all those things that just make your social media and your online presence that much more appealing. So during this time then, I've had partnerships. I have a partnership with one of the more established churches here. They have a very good studio and I do my recordings at their studios. And even post the pandemic, I will still do that. And when I do in-person events, now I'm very clear that I want to record all my events so that I can put them up for consumption later. So the biggest lesson that I learned during this time is you create content once and it gives you residual income. So I've been killing myself every time when I'm supposed to make a speech, I'm preparing the speech from scratch. Every joke I'm preparing it.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Concentrating on the online selling, concentrating on doing as much as I can online. And once the world opens, because our world still hasn't opened 100%, once the world opens, I will then do both. And one thing that I learned, I will concentrate on both equally.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“yeah and all my other colleagues were all in the same boat and funny enough after three weeks a friend of mine said to me there's something called crowdfunding and he said to me he thought it was something that i could get involved in and i started a crowdfunding campaign so two things that the crowdfunding campaign taught me one as part of that crowdfunding if you gave me financial support i pledged services either i pledged books or i pledged coaching services which then because i couldn't do the coaching services in person i pledged online coaching services so from that crowdfunding idea i can actually continue to do coaching online one and the second thing i can actually record webinars or courses online and since there is no in-person meetings i can sell the webinars”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Was for HIV management consulting projects, but at the time, I didn't even have a management consulting project. So the revenue for my business, and that was a lockdown of around four months in that four months, the revenue went right to zero.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“I actually remember this very well. One day the president appeared on one of the public TV channels and announced that from three days from his speech, there will be no in-person events. There will be no church. People won't go to work. There will be no school. And at that time, I already had events booked. Some of them had already paid deposits. Some of them had already paid me the full amount. So literally I moved from having secured business to owning people back their deposits that some of them I had already spent. And what that also meant is I didn't have a very strong online saling platform. So I just depended on I will be there in person to sell the books. So that also meant I couldn't really sell my books with a business model that I had. So occasionally,”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“As you've correctly said, my name is Mancha Peha. I live in South Africa, Johannes Originally, I come from one of the provinces in the north. We share a border with Zimbabwe. It's called Lim I came down to Johannesbeck to study. I did chemical engineering at Vertz University. After completing my chemical engineering, I worked as a chemical engineer. A management consultant Then I started a content creation company. So, I write books, and the way that my business works is I sell the books, I do training based on the books, I do coaching. Based on the books, and then I also do a lot of corporate speaking. So Evented. So, as you can Business model is centered around events. Around in person meetings. Business model, it was going very well, especially”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“I think what's next really depends on all of us because I think Candace is clearly laid out what women need. They need capital. They need network. They need better childcare affordability. And so I think the question for all of us is, well, what would we intend to do about that? And certainly Goldman Sachs, through our programming, is taking measures to help, but I think we need broad support of women. Otherwise, we're going to undo a lot of the progress that's been made over a number of years. And so I would issue a call to action around the urgency of the need to support women entrepreneurs around the world through capital, through networks, and through broader systems.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“So, continued support for women entrepreneurs may require a number of things, and that includes one, promoting women's training and education and technology as Asahi mentioned, two, enhancing childcare availability and affordability. Three, providing advanced access to capital and financing for women entrepreneurs. And four, fostering networks of women so that they can support each other, especially in unique challenges that women face. Because the evidence from our analysis made it really clear, women are resilient. They're great business leaders, but in order for them to thrive, we can't let the pandemic undo decades of progress in closing the gender gap. By strengthening womenomics, by supporting women's leadership opportunities, and providing women entrepreneurs with access to training, capital, networks, and mentorship, we can actually foster growth for families, communities, and the global economy. Empowering women is no longer an option, it's vital for the economy and for businesses, and we truly believe that when women do better,”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“And I emphasize this because the psychological burden coming out of COVID-19 can impact individual perceptions of risk. And it may lead them to be more conservative in their business decisions, leading them to more likely maintain a status quo type of mindset to survive rather than to seek out growth opportunities. Ultimately, we hope that the economic recovery will spark a renewed sense of assurance. We hope that entrepreneurs may feel more comfortable growing their businesses again as they see growth and activity normalized. And having overcome the challenges of COVID-19, this will help reinforce the capabilities of women business leaders.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“So, confidence levels amongst business owners from Latin American economies in particular decline the most, though the impact varied widely depending on which country you were talking about. So for example, on an absolute level, only 48% and 46% of business owners in Mexico and Brazil, respectively, felt confident about future business prospects. And that's compared to the higher levels they had before COVID-19. Meanwhile, if you look at business owners in Asian emerging market countries, notably China, they saw a higher level of confidence relative to their peers. The fact that 34% of entrepreneurs feel less confidence in their business and that 21% feel less confidence as a business leader than before the pandemic really poses short and long-term challenges, especially with respect to growth potential. So the degree of confidence matters because it can impact the likelihood to grow a business's footprint. It can shape how one goes about expansion. It can also define an entrepreneur's desire to seek out more funding to carry out new innovative ideas.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“So, the good news is that many of our entrepreneurs remain optimistic about their future business prospects, even though we did see a decline relative to the sentiment pre-COVID-19. Confidence about future prospects was positive among 78% of respondents, showing that even under current circumstances, the majority of the respondents felt that the pandemic did not meaningfully shift their outlook on their business performance and their ability to lead them. So we think this is in line with broader consensus expectation that the global economic deterioration may be short-lived. However, I do want to point out the fact that there were regional differences that existed in the data leading to a wide variance of perspective on the So tell us more about those.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Later, you're going to be talking to Mantra who says that technology completely changed the way in which she operated. So that's definitely one of the key themes. But I think the point that Candice made is particularly important, namely that women entrepreneurs, they got more of the bust than they have of the boom. And so we've got to do more to level the playing field. And in particular, Goldman Sachs is launching a new course as part of our 10,000 women program focused on this in particular, digital tools, digital solutions, social marketing, and enhance online sales.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Saw a number of things. One is the headline is technology helped women entrepreneurs, right? And so obviously business operations had to be moved online for the first time. A lot of our entrepreneurs said that was frankly overwhelming. That being said, when the economy turns down, entrepreneurs ramp up, right? They're nimble. They pivot. And we saw that among our population as well. 74% of women have invested or will invest in more technology training for their employees. 70% of them say that technological skills will now be an even greater priority than it previously had been. And in particular, they pointed to two things. One, they think they'll be more effective in running their business and frankly, they'll be more efficient in managing their personal lives and their business in places like China Women Report this by up to 90% of them saying, look, this is technology is going to have the most profound impact on my business. I know Allison that a little bit.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“So inspiring that people were empowered to do these things in such a difficult time. So I'll just say that. Candace touched on this, but we've all seen how the pandemic has accelerated the adoption of digital behaviors. What did you see among women entrepreneurs in this regard?”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“their level of giving during the pandemic. A great example is Amanda Obedaiki from Nigeria. She saw what she called social exclusion exploding among women and girls, in particular with schools being closed and certain social activities being constrained. So she built an accessible online STEM curriculum for girls. Another great example from the Philippines, Jocelyn Reyes in particular, she is a farm produce seller. Her revenues were hit by a whopping 75% during the pandemic. She decided to ramp up training for millennial women in the farming industry. She saw that the farming population is in fact an aging population in the Philippines, and she wanted to empower women to get more involved in that industry. And if that weren't enough, she decided, you know, why not launch a YouTube channel on women and girls in farming? And so those are a few examples of the ways in which we're seeing women increasing and diversifying their”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Alison, we were really curious about this finding in particular. Why? Because we know that nine out of ten of our graduates pay it forward. So here comes the pandemic. How did the pandemic impact that? Now, we did in fact see a 13% decrease in contributions to the community. The main reasons given very along the lines of what Candace explained were financial constraints and time pressures, not surprisingly. Here's the fundamental thing. There wasn't a change in terms of how women see the importance of ESG and the importance of impact. In particular, more than 70% of women entrepreneurs globally still agree that business must have a purpose beyond profit. 86% of them, in fact, during the pandemic continue to give back to their community and in certain regions it was even higher. The United States, 95%. We even have terrific examples of women who've in fact increased.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“On top of being physically limited by time and capacity constraints, access to financing was yet another important challenge. It was one of the most cited challenges for women entrepreneurs. And depending on your business, it impacted your business differently depending on how the pandemic impacted your revenues. For example, businesses that saw a decline in revenue were 10 percentage points more likely to report financing challenges relative to program graduates that were able to expand their revenues. These constraints have placed an even greater strain on small and medium-sized businesses, which even before the pandemic were underserved by traditional financial institutions. So this is particularly true for those operating in emerging economies where the room for federal fiscal support and social safety nets may not be as generous as our developed market peers.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Also let 50% of our cohort feel as if their work performance had declined because 69% of our women entrepreneurs are primary caregivers and 76% reported a greater focus on family or personal commitments as a result of COVID-19.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“COVID-19. And they said that this has impacted their abilities to manage their business. So not surprisingly, this experience is consistent with that of broader women professionals around the world. The Boston Consulting Group actually conducted a survey in May last year and found that across 3,000 working parents in five developed countries, the US, UK, France, Germany, and Italy, 60% of respondents indicated receiving no outside help in caring for and educating their children. Because of this, split responsibilities led parents to an additional 27 hours a week on household and childcare responsibilities. Along the same lines, a Fed study that we sourced in our prior paper also highlighted similar patterns domestically too, where at the most severe point of the pandemic, we saw mothers leave the workforce at higher rates relative to fathers due to the lack of childcare support. So the stretch responsibility”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“The COVID-19 experience exacerbated existing challenges that many women entrepreneurs face. Our alumni cited, one, family and personal matters, two, difficulty assessing financing, and three gender biases and societal attitudes were challenges in running their businesses even before the pandemic. We also found parallels between the challenges faced and the business conditions that entrepreneurs experienced. For example, individuals that felt they faced a greater challenge running a small business during the pandemic were primarily caregivers as well. These women experienced greater challenges because of the caregiving responsibilities compared to those that weren't caregivers and those that didn't feel challenged in this environment. Now, it's understandable that these entrepreneurs may have experienced capacity constraints in trying to run their business because they had to tend to their families' needs at the same time. So on the whole, 43% of entrepreneurs reported an increased impact from family and personal commitments as a result of”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Create it. What we did see, however, that shows a lot of promise was the power of digital technology and how it helps some entrepreneurs. We did see a move online. COVID-19 accelerated the use of things like online marketing and online sales platforms across businesses. And the entrepreneurs have seen the benefits of technology enabling them to be effective in their businesses and efficient and balancing their personal lives. So we all know that the pandemic has been challenging in itself, but for women in particular, it's really compounded existing challenges when it comes to child care. What did you find really?”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“So they're less likely to benefit from the acceleration in those fields. And that's just a general statement. What we found is that this has been very consistent with the experience of our 10,000 women and small business women entrepreneurs, the lockdowns, the income loss, both have really stopped normal spending activity. And this has disproportionately hurt service-driven businesses, which many of our women are in. Yes, we did have a number of women-run businesses whose revenues increased since the start of COVID-19. These businesses have benefited from the boom. They were in industries that were exposed to healthcare, they used technology, and they were businesses that could operate remotely. Unfortunately, our women entrepreneurs were underrepresented in those sectors, and types of companies that fared well and overrepresented in recreation, services, and trade industries that were hit a lot harder by this pandemic. So because of that, most of our women entrepreneurs have borne the brunt of the bust while not benefiting from the booms that COVID-19 has created.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Similarities in regard to capital, caregiving, and sector challenges, but we also saw resilience. 86% of our 10,000 women and 10,000 small businesses basically said they were still doing business. Another 8% have temporarily closed their businesses since COVID-19 and 3% permanently closed. But despite the challenges they face, 78% remain optimistic in their future business prospects. There was an interesting point about COVID creating booms and busts and women are the ones who are bearing the brunt of the bust. Can you tell us a little bit more about that? Yes, to level set, in general, more than half of the women entrepreneur's activity around the world is related to wholesale and retail trade. And women are most likely to start businesses in health, education, and social service sectors. On the flip side, women are underrepresented in industries like agriculture, mining, technology.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“We found that our alumni were deeply affected by COVID-19, as was the rest of the world. And our women alumni experienced challenges as small business leaders regardless of which region they were from, industry, or their experience. Nearly all graduate respondents experienced some level of difficulty in running their small businesses. The most significant challenge reported was financial, with about 60% of respondents reporting declines in revenues. A close second was related to caregiving and responsibility for running families and businesses. So many of our women entrepreneurs really had to spread their time, energy, and focus throughout this pandemic. But in response to the pandemic, 70% of alumni pivoted or changed their business models in ways that many expect will be permanent. A major trend in particular that we saw that's been helpful for our entrepreneurs during this time was greater digital adoption. All in all, we noticed narratives that were consistent with broader research on women business leaders. For example, we saw”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“To give a shout out to Wendy Lynn and Jennifer Prosser from my team, who partnered with me on this research. And for me personally, this has been so rewarding because I've been focused on empowering women for many years. I created an investing framework for the firm called Empower the Female Investor, a mnemonic representing seven steps to help female investors gain confidence in investing and take control of their finances. I've also been active, as Asahi mentioned, in volunteering with our 10,000 women and small business programs, serving as a mentor to entrepreneurs for our New York cohort for 10,000 small business owners at Queen's College, and basically helping them perfect their three-minute rocket pitches to ask investors for funding and ASA served as a mentor to women entrepreneurs from Kenya and Nigeria. So it's been truly an honor for me to be able to be part of this initiative to analyze how COVID-19 has impacted our women entrepreneurs in our programs. So let's talk a little bit more about the study itself. What were some of your key findings?”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Markets, but we knew that there was real opportunity and growth potential there. And we frankly wanted to be a part of it. So here comes along the pandemic. And we said, what if we went out to the entire 10,000 women and 10,000 small businesses population and we asked them a number of questions about their experience? And so we heard back from 1,100 women from 37 countries. We conducted this research in February and March. And it's been incredible what we're hearing and finding back from them. We wanted to understand their experience. But more importantly, we wanted to get a sense of their attitude, their mindset, their confidence level, their views on bigger issues like sustainability, giving back to the community, future of work. It's not just a big business issue. Small business cares about future of work too and how it's impacting them. So that's really gives you a sense of how this all came about.”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT
“Of all Elison, and I want to say thanks for having me. It is fantastic to be in conversation in person with you and Candace, who's been a terrific coach and mentor to our 10,000 small businesses graduates. So in terms of how the idea for the study came about, we realized that we were uniquely positioned. We'd worked with women entrepreneurs for over a decade, and we had an opportunity to really hear their voices, to hear their experiences, to understand any trends, any lessons learned from the pandemic, any strategies that they had employed. And now to level set for folks that are listening, we launched our 10,000 small businesses program over a decade ago dedicated to women entrepreneurs now in the US, in France, and the UK. Think of it as sort of a mini MBA free of charge from Goldman Sachs to growth-oriented entrepreneurs in terms of our 10,000 women program, we'd launch that 13 years ago when lots of people were not talking about women entrepreneurs in developing”
2021-06-15 · Goldman Sachs Exchanges · From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic · IDENTIFIED FROM THE TRANSCRIPT