|©2013 Laurel J. Delaney. All rights reserved.|
Wishing you a new year filled with growth, adventure, hope, promise, fun, good health, happiness, love and the launch of a new business.
|©2013 Laurel J. Delaney. All rights reserved.|
|©2013 Laurel J. Delaney. All rights reserved.|
Although there are noteworthy entrepreneurs across all genders, races, ethnicity, geography, etc., this post is dedicated to shining a spotlight on female entrepreneurs, as we at Tech Cocktail are proud proponents of the Change the Ratio movement. And while it’s easy to applaud the Ariana Huffingtons, Marissa Mayers, Oprah Winfreys, Sara Blakelys, and Sheryl Sandbergs of the world, there are countless female entrepreneurs doing great things that you (likely) haven’t heard of.Well worth a look.
The law, designated H.R. 5050 for the equality it set out to establish for female entrepreneurs, banned discrimination against women seeking business loans and improved access to educational and technical assistance.Fast forward to here and now:
Sarah Biller, 42, president of financial technology company Capital Market Exchange, cites perfectionism as a major challenge for women, including herself. “I wanted to come to market with a perfect solution,” she says. But “it’s a messy world.” That “tendency to play by the rules and dot every ‘i’ or cross every ‘t’ stands in the way of women all the time,” she says.Read the entire article: Is the Playing Field Even for Women Entrepreneurs 25 Years After H.R. 5050?
Speaking in Miami [at the national conference of the National Association of Women Business Owners (NAWBO)], Anna Colton, Bank of America’s Small Business Banking national sales executive, said the reasons why women are struggling to land venture capital may be the type of businesses they run. Venture capital firms tend to invest in high tech and life sciences, but women tend to have professional services firms, she notes. Colton feels that could change when venture capital firms are made to understand the growth and success of women-owned businesses.Read the entire article here.
|Source: Cox Business|
85% of the women surveyed said there are business challenges that are unique to being a woman. 73% said gender bias was a problem and 55% said there are industries where there aren’t many opportunities for women.Women prefer face-to-face meetings with customers versus email, telephone, social media or snail mail. What also scored high for women is having control of their destinies. No surprises there.
If we are going to boost the number of women starting up their own business we must instill a sense of confidence amongst women and make it clear that they have every opportunity to succeed. Part of this is simply recognizing that entrepreneurship comes in different shapes and sizes.Read the entire article: Championing Women in Business
|©2013 Laurel Delaney. All rights reserved.|
She was the founder of USA Network, the first woman president of a television network, and creator of what's now called Syfy. She went on to become chairwoman of Fifth & Pacific, the parent company of Kate Spade, Juicy Couture and other fashion brands. Koplovitz was a driving force behind Springboard Enterprises ... - USA Today
From Forbes: As is always the method to our madness, the above list is the culmination of a year’s worth of Internetting, asking around and getting lost down the rabbit hole of the best (and sometimes weirdest) of the Web ...Oh, maybe we'll make the list next year!
Padnos cites a statistic that women made up just 7 percent of partners in the tech sector among the 100 most active venture capital firms from 2009-2011. A white paper she published shows that women-operated, venture-backed high-tech companies average 12 percent higher annual revenues, using an average one-third less capital than male counterparts.Read the entire article: To pitch or not to pitch: Silicon Valley women founders weight venture capital versus bootstrapping
... studies show that women are strong, credit-worthy borrowers, who have higher payback rates of bank loans compared to the population as a whole.See what else is cooking for women business owners in Stamford, Connecticut where they've witnessed a 17.3 percent growth in jobs -- or a whopping 92,000 positions -- among women-led businesses -- from 2007-2011.
|Alison Gutterman, President, Jelmar|
President Alison Gutterman (pictured) has zeroed in on marketing innovation and new product development to reach a new generation of customers since she took over six years ago.Learn more on how Alison's marketing efforts are paying off and how to stay relevant and competitive in tough times- here.
Women often don't think they are capable of launching their own businesses, which is one reason there are significantly fewer female entrepreneurs than male entrepreneurs, according to the Global Entrepreneurship Monitor 2012 Women's Report released July 31st.Read the entire article here. See if you agree. And as always, I welcome your comments.
The project reached more than 7,000 girls in 299 communities in West Bengal between 2010 and 2013, and is expanding to reach roughly 35,000 more in 2013. Landesa’s goal is to eventually reach millions of girls by partnering with a national government initiative called the Rajiv Gandhi Scheme for Empowerment of Adolescent Girls (SABLA).The reason I bring this up is because Melany Grout (recently featured in Oprah Magazine), an attorney with Landesa, spends more than her share of time flying from Seattle to Dubai to Delhi to Kolkata, India. Once there, she teaches young girls how to grow food, often on an unused backyard patch of land. Hence, teaching families the value of young women.
Kavita was visiting her grandmother in India when she accidentally swallowed tap water while brushing her teeth. She panicked, but with a flurry of activity in the kitchen, her grandma produced a murky brown concoction of herbs and spices for Shukla to drink—and she never got sick. She was fascinated by her grandmother's wisdom and, when she returned home to the U.S., began experimenting with the effects of various spices by dipping strawberries into them to find out which prevented bacteria and fungus from growing.The rest is history - FreshPaper is now sold in stores across the U.S., as well as 35 other countries.
|Sara Blakely, Founder, Spanx|
Project Blue Collar was the big winner, receiving a $25,000 loan (sponsored by Meshewa Farm Foundation) from Bad Girl Ventures, or BGV. The runner up was SuZu Designs, which got a loan for $10,000.
What is your best piece of advice for young women hoping to start their own businesses?Photo courtesy: JouJouVilleroy.com
Eleonora: Is it really what you want to do? Ask your heart.
Thank GOD for thinking like an entrepreneur!Have a good week!
Women entrepreneurs must stop hanging back, letting fear win, believing that being partners and parents precludes them from being successful business owners. They must push themselves to create businesses with scaleable ideas that can grow into multimillion or billion dollar companies.Read the entire article: Women in Tech Must Push Relentlessly to Succeed
Two important steps to successfully starting up are finding a mentor and building a network of fellow female entrepreneurs that you can turn to for advice and referrals. Launching a business in a city with a thriving community of women entrepreneurs is a good place to start.
In fact, they need to “leap in." It is impossible to be an entrepreneur by leaning- you have to commit, take risks and take action.Read the entire fabulous article: "Leaning In is Not Enough: Women Entrepreneurs Need to "Leap In"
There are some characteristics that specifically describe a personality type which many entrepreneurs have (e.g., Bono, John F. Kennedy, Steve Jobs, Richard Branson, Oprah Winfrey, Michael Jordan, Steven Spielberg and Donald Trump). It’s called the Davinci personality type.Read the entire article (including a neat infographic): 9 Characteristics of an Entrepreneur: Recognize Some of Them?
Whether you are bootstrapping or pitching to get VC/angel investors, you must keep in mind two things about your business pitch: keep your story simple and sweet. I've been asked lately about what the top "must haves" for women are when pitching their businesses and/or ideas. There have to be some formulas for success, right? As women in a male-dominated industry, we should be sharing these trade secrets with each other!Read the entire article here.
|©2013 Laurel Delaney. All rights reserved. "Mini Cooper Bunny!"|
|©Laurel Delaney 2013. All rights reserved. "Irish Hats"|
Finances, funding, and marketing -- Chic CEO has got it covered. Together with her business partner Jody Coughlin, Stephanie has created a platform for women to find the answers to help them make their dream a reality.Chic CEO Walks Women Through the Practical Steps of Starting a Business
After spending months frustrated at how empty Yahoo parking lots were, Mayer consulted Yahoo's VPN (Virtual Private Network where workers can use it to securely log into Yahoo's network and do work) logs to see if remote employees were checking in enough. Mayer discovered they were not — and her decision was made.When is the last time you checked your VPN logs or parking lots? Could your workers be slacking off?
Women-owned firms start and grow businesses with substantially less outside financing, according to a Department of Commerce survey of women-owned companies across the U.S. That helps to explain why the average women-owned business has 25% lower revenue than the typical male-owned firm in the same industry.Read the entire article here.
|Alecia McClung, CEO, ARO|
Womenetics: When and why did you start your business? How did you recognize that there was an opportunity to outsource your services to companies in the Chicago area?Read Alecia's inspiring story and interview here.
Alecia McClung: We primarily started outsourcing in mailroom and print centers. I started the infrastructure in 1990, about 22 years ago. We started out in the legal market and expanded into hospitals, schools, manufacturing, and now we’re pretty much in every market.
The women’s contracts slid 5.5 percent to about $16.4 billion in the fiscal year that ended Sept. 30 from $17.3 billion in fiscal 2011, according to data compiled by Bloomberg. Awards to small firms owned by men fell 4.1 percent to $80.9 billion.What's causing the decline?
The gender gap may reflect stiffer competition over a shrinking pool of contract revenue as well as the bureaucratic burdens associated with a new effort to reserve awards for women-owned firms, according to former procurement officials and small business advocates.Read the entire article here.
|Brenda Frazier, owner of Brenda Kay Frazier's Beauty Shop|
|©Laurel Delaney 2013, "Yellow Tree"|