Sunday, August 21, 2016

Entrepreneurship Can Be a Lonely Endeavor

Entrepreneurship can be a grueling and solitary journey.  Ask some of the women who attended a recent conference hosted by Amazon in Seattle, Washington.
For the attendees who came from 43 U.S. states, the U.K., Canada and Australia, it was a rare close encounter with the company that enables their entrepreneurial ambitions but is also the hard-to-read arbiter of a ruthlessly competitive platform.
Amazon wants to personally connect with its merchants, particularly due to the Marketplace becoming one of the main pillars of Amazon's fast growth.

Read more:  Women entrepreneurs find Amazon marketplace profitable, sometimes perplexing

Screenshot courtesy:  The Seattle Times

Saturday, August 13, 2016

Top 5 Cities That Cultivate Women Entrepreneurs

The top five cities considered the best to be a female entrepreneur:
  1. New York
  2. San Francisco Bay area
  3. London
  4. Stockholm
  5. Singapore.
To make it to the top of the list, five important categories of city characteristics were identified:
  1. Capital
  2. Technology
  3. Talent
  4. Culture
  5. Markets
New York is doing something about it.
The [New York] city is encouraging women like Rita [a retired school teacher from India] to understand they are not in this alone, that there is assistance and encouragement as they move into a new business enterprise and for many, a new role in life.
Read more:  New York Program Cultivates Women Entrepreneurs

Saturday, August 06, 2016

Women Entrepreneurs Get a Confidence Boost

Is the glass half full for women entrepreneurs when it comes to growing our businesses?  We certainly hope so.  Yet, for our male counterparts, they share a glass half empty outlook.  At least that is according to the inaugural Bank of America Women Business Owner Spotlight.  Take a look:
Based on a national survey of 1,000 small business owners, BofA (BAC) found that 54% of women small business owners expect their revenue to increase over the next year, compared to 48% of men. And of those surveyed, 60% of women expect to grow their business over the next five years vs. 52% of men. 
Read more:  Female Entrepreneurs Getting a Confidence Boost in 2016

Saturday, July 30, 2016

How to Get Finance Ready

Women are also nearly twice as likely as men to rely on family members to fund their new businesses, and young men age 18 to 24 are about twice as likely to start a business as young women of that age.  What factors are at play here?  Women business owners:
  • Are more efficient with their money when it comes to launching a new company
  • Have less access to capital
  • Are wary about the financing process
True or not true?  Regardless, find out what actions you can take to get your business finance ready. 

Saturday, July 23, 2016

Entrepreneur Ivanka Trump

Ivanka Trump owns her own company.  More importantly, she wore a dress from her own label to introduce her father at the Republican National Convention 7/21/16.  According to the New York Post:
...the 34-year-old mother [Ivanka Trump] of three is putting out the message that she’s an up-by-her-bootstraps, entrepreneurial kind of gal, too.
©2016 Laurel J. Delaney.
Now, the big question becomes:  Where does she make these dresses?  I have a feeling they might not be made in the USA, which leads me to ... her father better take a more favorable position on international trade (TPP, NAFTA, etc.).

Read more:  Ivanka Trump wears her own label's $158 dress to introduce her Dad

Saturday, July 16, 2016

It's Still a Man's World in the Aftermarket Automotive Industry

Come on ... research shows that more diverse companies are more profitable.  So what gives when it comes to the old boy's network in the aftermarket automotive industry?

Women business owners have experienced this:
Several female auto business owners said it was commonly assumed they knew nothing about the industry, with customers and distributors asking to speak to men.
They go on to say:

“It is unfortunate to say, but in the field, women are not viewed as competent by their male counterparts . . . the biggest problem is not being seen as having equal intelligence with regards to the trade,” one women told Hachem [St. Clair College researcher Nour Hachem] in a focus group.

Hachem conducted a study for Automotive Industries Association Canada, which entailed surveying owners, employees and hosting seven focus groups for women in the industry across the nation.  The net result is:

Women working in the aftermarket automotive industries say it’s still a man’s world.

Hopefully these issues don't apply to Mary Barra, CEO of GM.

Read more:  Automotive industries still filled with barriers for women.

Sunday, July 10, 2016

Are You a Chicago Woman?

Chicago Woman is a magazine and media brand that speaks directly to professional women who live, work and play in Chicago. They tell the stories that empower women, while inspiring them to live their best lives, at the office and at home. Chicago Woman was created to serve as a platform for the women who are the movers, shakers and makers in the beautiful city of Chicago (my hometown I  might add :-)!

Whether you live in Chattanooga or Chicago, you'll find many of the articles featured at Chicago Woman Magazine inspiring and informative.  Here's an example.

Learn more:  Chicago Woman Magazine