Saturday, January 15, 2022

Learn to Love Uncertainty

What’s keeping you up at night?  That's a key question to ask a business owner or top level executive if you want to find out what's really going on with them.

Being a small business owner myself and a formally trained facilitator, I decided to take a different approach and asked 20 presidents of small businesses in marketing, interior design, insurance and a variety of other industries what’s allowing them to get a good night’s rest.

Here are the highlights of what they shared, one being "Learn to not just live with but love uncertainty."

How a Business Owner Can Sleep Like a Baby During Tough Times, by Laurel J. Delaney for American Express.

Saturday, January 08, 2022

Community Development Financial Institutions (CDFIs) Provide Affordable Financing to Women

Congress created Community Development Financial Institutions (CDFIs) in 1994 to provide affordable financing to women, minority, and other underestimated entrepreneurs.

CDFIs hope, through financing, is to help women entrepreneurs rebound faster and grow stronger, healthier businesses despite the pandemic.

CDFIs are mission, not profit-driven. They have lower requirements regarding years in business, credit score (or no credit score), and collateral. Entrepreneurs still have to prove that they're creditworthy, but CDFIs work with entrepreneurs whom banks typically turn away. CDFIs have proven that financing women- and minority-business owners are NOT risky.

Think of them as first responders for women entrepreneurs.  How will you use a CDFI loan to become a healthier, stronger business in 2022?

Source:  Our esteemed colleague and friend, Geri Stengel, who contributes to Forbes on a regular basis.  She is a big supporter of women business owners.

Saturday, January 01, 2022

Begin Again

©2022 Laurel J. Delaney.  All rights reserved.
"No matter how hard the past, you can always begin again." – Buddha