Saturday, June 28, 2014

Women Entrepreneurs Face Greater Challenges Than Men

Women are starting businesses at a very fast clip but to reach more than a million dollars in revenue is less than 1/3 the rate of companies led by men.

According to Babson,  if women entrepreneurs in the U.S. started with the same funding as their male counterparts, they would add 6 million jobs to the economy within five years.
Those jobs aren’t missing because women are unable to lead. They’re missing because women entrepreneurs face greater challenges than men, and that’s not a whine, it’s a fact. 
Read the great article by Geri Stengel and published by Forbes:


Photo Credit: ttnk

Sunday, June 22, 2014

Best Country In the World For Women Entrepreneurs: United States

If you want to prosper running a business, start it in the United States.  If you are based here (as I am - Chicago, IL), consider yourself a lucky lady.  Other best bets for female entrepreneurship are Australia, Sweden, France and Germany, according to the second annual Gender-GEDI ranking commissioned by Dell.

Learn more:  The best countries for women entrepreneurs

Photo Credit: Brian Auer

Saturday, June 14, 2014

A Website for Mom Business Owners

Holly Hurd created VentureMom for the millions of moms who are looking for a venture that gives them fulfillment, provides extra income for their family, and gives them the freedom of working for themselves.  Each week Holly highlights a different VentureMom to tell her story.  Through these stories, she helps moms look at their lives now, identify what they love to do and shows them how to create an income-producing venture around their passion.

Visit VentureMom.

Screenshot courtesy:  VentureMom.com

Sunday, June 08, 2014

Barriers Facing Female Entrepreneurs

Seventy-five percent (75%) of 30 countries surveyed for the second annual Gender Global Entrepreneurship and Development Index, commissioned by Dell, do not meet the basic needs for female entrepreneurs to launch a business.

What does this mean?  Men and women do not have equal opportunity when it comes to launching a business today.  And a lot, according to Ruta Aidies, project director for the Gender-GEDI study says, "There are conditions that prevent women from founding high growth businesses.”

Read more:  Dell Sponsored Study Reveals Barriers Facing Female Entrepreneurs

Screenshot courtesy:  Dell GEDI Index

Sunday, June 01, 2014

Do Female Executives Drive Start-up Success?

The study below focuses on the state of women (2012) in U.S. venture- backed companies and how women in leadership roles affect the success of a start-up. Though the study is two years old, it is still relevant and interesting. To accomplish its findings, the team of authors reviewed more than 15 years of venture-backed company data and executive information in the VentureSource database.

The key question addressed:  Does having a higher proportion of female executives at a venture-backed start-up improve the company's chances for success?

Study authors:
  • Jessica Canning, Global Research Director (formerly), Dow Jones VentureSource
  • Maryam Haque, Senior Research Analyst, Dow Jones VentureSource
  • Yimeng Wang, Research Assistant, Dow Jones VentureSource
Read the study:  Women at the Wheel, Do Female Executives Drive Start-up Success?

Photo Credit: Vitodens

Sunday, May 25, 2014

How to Love Being the Face of Your Business

Building a brand takes time, patience, discipline and focus.  It's not something you do overnight.  I always start with the question:  "What do you stand for?"  If you can address that, you are well on your way to crafting a brand for your business.

Katie Bressack, health coach, corporate wellness consultant and American Express OPEN CEO BootCamp ambassador and Janet Kraus, serial entrepreneur and author of nine CEO BootCamp Insight Guides, offered the following tips to help female entrepreneurs define their brand and learn to love being the face of their business.

Read:  3 Steps to Help Female Entrepreneurs Build a Great Personal Brand

Photo Credit: ttnk via Compfight cc

Saturday, May 17, 2014

Ridiculous Things Men Say to Women Entrepreneurs

Listen up men, I know you are reading this.  Here are a few of the worst things you could say to women entrepreneurs.

Ladies, you are going to love it!

3 Things Men Need to Stop Saying to Women Entrepreneurs

Photo courtesy:  Flickr

Sunday, May 11, 2014

Pitch and Build Your Business

Eight groups of women wait to pitch their businesses at the Pipeline Fellowship, which is trying to level the playing field for women in angel investing, an increasingly integral part of America’s capital formation.  The women are vying for $25,000 in early-stage investment by five so-called angel investors.

See what they go through by reading:  Women Entrepreneurs Fight for Their Piece of the Pie

Screenshot courtesy:  Pipeline Fellowship

Sunday, April 27, 2014

Top Priority for Entrepreneurs? Maintain Current Sources of Revenue.

According to the American Express OPEN Small Business Monitor, entrepreneurs remain confident about business prospects, but their top priority continues to be maintaining current sources of revenue.
Cash flow concerns have fallen to pre-recession levels (49%, matching fall 2007 and down from a high of 66% in spring 2011).  In addition, fewer business owners say they are “stressed-out” by the economy (56%, down from a high of 70% in spring 2011) and more feel confident in their ability to access the capital needed to grow their businesses (72%, the highest figure since the question was first asked in 2002).
Regardless of the economic climate, entrepreneurs' growth plans are still in the cards.

Read more:  More Entrepreneurs Are on Track to Save for the Retirement They Want

Read the press release (4/24/14):  Small Business Cash Flow Concerns Drop to Pre-recession Levels, According to the Spring American Express OPEN Small Business Monitor

Photo courtesy:  Flickr

Saturday, April 19, 2014

You Always Deserve to Be in the Room

Lisa Johnson made her mark in biotech and business, often as the only woman in the room.  In a recent Business Journal Interview, here's what Lisa had to say in response to one of her interview questions:
Have you ever had situations where you’re the only woman in the room, and how do you deal with that?

"When I was with Novagen (Biosciences Inc.), and then especially with Merck, which was a German corporation, I was in with — oh my god, it was 20, 25 men — and I walked out and a guy came up to me and said, ‘Oh my god. Was that really hard on you to be in that room?’
Due to your position and your experience, you always deserve to be in a room.  If you were invited, there was a reason.  You have something important to say.  Say it.

Read the entire article:  Wisconsin Economic Development Corp's Lisa Johnson on Female Entrepreneurship

Photo courtesy:  Flickr

Sunday, April 13, 2014

Envision Becoming An Entrepreneur in High School

June Gathoni
I think you can become an entrepreneur in grade school (lemonade stand experience get the entrepreneurial 'juices' flowing) but in this case, June Gathoni, knew right from the time she was in high school she envisioned becoming an entrepreneur.  She started her own company, Next Generation Technology, an ICT firm.
She had practically no money when she started out and relied on getting goods on credit then using the money from her clients to pay her creditors.
Later, she closed her ICT business and started the Small and Medium Entrepreneurial Resource Centre, which is involved in entrepreneurship development and promotion.  The centre offers advice to entrepreneurs about business opportunities. It also offer services such as business plan writing, systems management, marketing campaigns, brand management, public relations and consultancy, all at a fee.

Read more:  Next Generation Technology is an institute that nurture entrepreneurs

Photo courtesy:  Trending

Sunday, April 06, 2014

If You Start a Business, Lead it

A new study, "Who’s the Boss? Explaining Gender Inequality in Entrepreneurial Teams," published in the journal American Sociological Review, is one of the first to explore the emergence of gender roles in new businesses.  The author's findings indicate women who start new businesses with men are less likely to lead it. And when they co-found a business with their husbands, they have even fewer chances to be in charge, a study finds.
"This study raises awareness of the conditions that limit women's access and also makes us aware of what might be done to increase the likelihood that women will attain positions of authority," explained [co-author] Tiantian Yang, a graduate student in department of sociology at University of North Carolina (UNC) Chapel Hill.
Read the entire article:  Why women entrepreneurs fail in husband-run firms

Photo credit:  flickr

Saturday, March 22, 2014

What Can Happen at 50?

You can divorce, marry, have a grandchild, get fired, start a business or all of the above.  In this case, Phyllis Green started a business.  She was laid off from ABC's corporate headquarters in New York in 1985 after Capital Cities bought the television network and began trimming staff to cut costs.  Here's what she did:
Green said she reinvented herself as an entrepreneur using her sales, broadcast production and advertising experience. After her layoff, she came back to South Florida, where she had grown up. Green started her own business — Green Advertising — and later moved it to Boca Raton. In 1999, Green sold the company to WPP Worldwide, a marketing communications conglomerate.
At any age you can start your own business.  It's about doing what you love to ensure you prosper in life.

Read the entire article:  Ad exec starts over at 50

Photo courtesy:  Flickr

Saturday, March 15, 2014

Know Your Cause

Screenshot courtesy of:  Rebel Nell
Many entrepreneurs start a business to fulfill a need.  Amy Peterson and Diana Russell took a different course of action. Russell works in fashion and photography and Peterson is an attorney who learned how to make jewelry while in law school. The cool thing about Peterson?
She also happens to be the creative brain behind one of the "must have" items during the 2005 Academy Awards Ceremony: a pin worn by cast and crew in the film Hotel Rwanda. Peterson eventually moved to Detroit in 2007 for her law career.
Peterson and Russell, co-founders of "defiant" jewelry company Rebel Nell, knew their cause — help impoverished women in Detroit — before they knew what their business was going to be.

Morale of story?  Love what you do and try to help others in your journey.

Find out what's going on with Rebel Nell and learn more about their cause:  The Creative Way Two Entrepreneurs Are Using Graffiti to Hep Women in Detroit

Sunday, March 09, 2014

Today Only: Celebrate International Women's Day and Receive a Special Savings On My NEW Book

Photo courtesy:  Apress 2013
Celebrate International Women's Day with a special savings on my new book, "Exporting:  The Definitive Guide to Selling Abroad Profitably" and on other books from female authors.  The digital version on "Exporting" is normally $24.99 and you can get it only for today at $14.99!  Better hurry.

Exporting equips you with the knowledge you need to market, sell, and fulfill orders internationally, taking full advantage of the Internet and the opportunities it creates. It also imparts a can-do spirit on exporting, leading to greater revenues, stability, and profitability for your business.

I guarantee the book will help take your business to the next level of growth.

Use promo code 8MAR14 by 03/09/14.

Go here to order:  Apress - "Exporting" book

What's nice about the digital copy is that you can easily conduct a search on whatever your needs are at the time - from how to craft an export business plan - to how to hire the right people or set up an e-commerce site.  Many people buy both the digital and print copy for reference.

Enjoy and if you like it, please post a favorable review.  Thus far, reviews on Amazon have been out of the park as they say!

Thank you!

Sunday, March 02, 2014

Looking For Long-Running Business Success?

If you are looking for long-running business success, it's easier than you think.  Guess what it starts with?  Working capital?  No.  Great people?  No.  A terrific website or brick and mortar spot?  No.

It starts with a good idea!

Read the entire article:  Focus 2014:  Business Success No Secret, Experts Say

Photo courtesy: Elliott Burke

Sunday, February 16, 2014

Open Your Dream Business

Nora Jackson turned her dream into a reality.  She opened her multipurpose shop, Nora’s and More, late in 2013.
Nora’s and More was created from Jackson’s love of serving those in the community, particularly teens and young adults.
Learn more about her story here.

Photo courtesy:  Dan DeChiaro