S&P Global tackles the challenges women face in launching and growing their businesses—from gender bias to lack of access to capital—with the same skills and insights that make us effective in delivering essential intelligence to our clients. S&P Global Corporate Responsibility recently launched a pilot program with MicroMentor to connect their employees with women entrepreneurs needing guidance, all over the world. One early success of the program has been Karan Rathod and Rebecca Fraser.
Karan and Rebecca connected over a joint passion for education. Rebecca Fraser found her love for teaching in Valencia, Spain as an English teacher, and decided she wanted to bring her joy for learning languages home to London.
Ten thousand miles away in Melbourne, Australia, Karan Rathod had made the most of his MBA pursuing a successful career, most recently as a ratings analyst at S&P Global. Karan never forgot about his alma mater, and has spent his free time outside of work mentoring students from Manosh University on their careers, as well as providing consulting for not-for-profits.
Karan sums up why he volunteers in this way, “…this is a chance to leverage my experience and education to help someone with something they have a passion for. It also allows me to consolidate everything I’ve learned over the last few years and test my own thinking.”
Rebecca said, “[When I started looking for a mentor, I was] in the process of getting the business started and was struggling to know which steps to take and goals to define in order to push forward, having never studied business or been involved in strategy before. I was wary of launching and beginning to trade without a clear strategy in place.”
As the pair started working together, Karan gave guidance to Rebecca on how to go about financial forecasting and helping set up a front-end model to drive her financial statements. He also supported her on digital strategy, pricing, and challenged her thinking about the competitive environment to prompt a revised approach to her competitive strategy.
Rebecca says, “Karan and I have been working on everything and anything involved in starting up my business; he is always willing to give advice or suggest useful resources. Working with a mentor has been priceless in these early months.”
Likewise, Karan enjoys the opportunity to get involved and share his experience with an up-and-coming entrepreneur. He said, “this is primarily a chance to leverage my experience and education to help someone with something they have a passion for. It also allows me to consolidate everything I’ve learned over the last few years and test my own thinking.”
Karan and Rebecca are one example of how the unique professional skills from a leading financial company like S&P Global can aid in the trajectory and success of a small business. With increasing number of women globally seeking economic self-sufficiency through small business ownership, professionals at S&P Global have the opportunity to use their skills for the greater good while learning and growing themselves.
Rebecca summed it up best when she said, “The majority of small business owners that I know are female, so it’s really wonderful to hear that S&P Global is working to harness the huge potential of the female workforce.”