Saturday, October 14, 2006

Leaving Jet-Set Lifestyle To Found Company

A great example of leaving corporate America to found an inspiring company. And since I know John, admire his work and my best friend served on his Chicago fund-raising committee, I felt it important to feature his work.

Back in the mid-1990s, John Wood was living large. As Microsoft's director of business development in China and director of marketing for the Asia-Pacific region, he was Bill Gate's point man in Asia. He traveled the world, was shuttled to meetings in chauffeured cars and wheeled, dealed and dined at four-star restaurants.

These days, Wood's meetings are held in developing countries over cups of tea with heads of villages. He left his jet-set lifestyle in 1999 to found Room to Read, a nonprofit that builds schools and libraries in developing nations.

Read more here: New Wealth, New Priorities

Monday, October 09, 2006

Get it done. Entrepreneurship starts today.

Dig deep within this new site. There are how-to guides featuring 1,000 business topics, ranging from start-up basics to advanced management techniques.

Each guide provides:

• An overview of the task.
• Step-by-step directions for accomplishing the task.
• Deep links to the Web sites recommended by the Guide’s author/expert as the Web’s best resources for getting the task done.

Read the news of the launch here: Work.com Launches to Help Small Businesses Tackle Their Most Important Business Tasks

Shortcut to getting something done with a new or existing business: Work.com

Thursday, October 05, 2006

Home-Based Businesses On The Rise, Especially Women's

Half of U.S. businesses are home-based and almost two-thirds are self-financed, according to a pair of new Census Bureau reports.

Nearly 2.5 million firms were interviewed for the two reports, which were released Wednesday as part of the bureau's ongoing 2002 Survey of Business Owners.

Home-based businesses collectively generated a remarkable amount of economic activity, especially for women and minorities, Louis Kincannon, the Census Bureau's director, said in a statement.

Read more here >> Most Small Businesses Start Without Outside Capital

Sunday, October 01, 2006

It's Easier To Run Your Own Business Than Climb Corporate America

That's what this article states and I agree. This week I attended the Women's Business Development Center conference in Chicago and had the pleasure of sitting in on Oprah's very amazing and inspiring keynote luncheon talk.

But after so much success in business, do women, including Oprah, still need special encouragement?

Find out what people think here: Women's Conference Still Relevant, Attendees Say.

Tuesday, September 26, 2006

Self-Employed Are a Major But Underappreciated Force

A new study from Massachusetts makes an important point about the 21st century American economy: the self-employed are a major but underappreciated economic force. While most people recognize that self-employment is growing, they don’t know that many measures of state or local employment don’t count sole proprietors. Instead, they simply track those workers who are paid as employees.

The report, by Salem State College’s Laurence Goss, details the numbers for the Commonwealth of Massachusetts. Within the state, there were more than 472,000 sole proprietors in 2004. This total accounts for 17% of Massachusetts’ total employment.

The report concludes that policymakers need to better understand the importance of this sector of the economy. They should also take steps to provide better support and encouragement to sole proprietors and other micro-business owners.

Data and analysis on sole proprietors in Massachusetts are available from the Enterprise Center at Salem State College. The Sole Proprietor Research Information Pack can be accessed here.

[Forgot to mention ... please let me know what you think of our new look, thanks!]

Thursday, September 21, 2006

Women in Business Newsletter

Women in Business Newsletter published by IFC -- designed to keep global women entrepreneurs in touch with key events, relevant research and, most importantly, each other.

This month's spotlight: Fatima Wali, Nigerian Entrepreneur.

Friday, September 15, 2006

Glass Ceiling Is Due To Intelligence, Not Discrimination?

You have got to read this to believe it! Here's the lead:

A recent study proves it is "very likely" that the reason women have difficulty rising to the top in their careers is because they are less intelligent than men (by 4 -- 3.63 to be exact -- IQ points), according to controversial University of Western Ontario psychologist J. Philippe Rushton.

To fully understand and appreciate the source of the material, read on:

The professor -- criticized for claiming whites are intellectually superior to blacks, and that higher AIDS rates in Africa are due to a more insatiable sexual appetite in the black community -- believes the "glass ceiling" phenomenon is probably due to innate ability rather than discrimination.

Read more here: Men smarter than women, prof claims and Sex differences in general mental ability.

By the way, when I watched Professor Rushton on CNBC moments ago, he was sweating terribly on his upper lip.

Babson Blogging Live At ...

9th Annual Women's Leadership Conference
Accomplishment for Women.
Advantage for Organizations.

Friday, September 15, 2006
Babson College

Presented by the Center for Women’s Leadership
in association with the Babson Association of Women MBAs

Featuring Keynote Speakers:Carly Fiorina (shown above)
Former CEO
Hewlett-Packard (1999-2005)
+
Addie Swartz
Principal Creator and CEO
B*Tween Productions

Catch the LIVE blogging here.

[Talk about escape ... ]

Wednesday, September 13, 2006

Corporate America Without Dunn on HP's Board

I don't know if you have been tracking the Hewlett-Parkard debacle. I have -- every last little word because I wanted to see how the poor little powerful rich boy -- Tom Perkins -- got his ball (no pun intended) taken away during a board game and got very, very mad. In reaction, he quit the HP board (fully not expecting the board to accept his resignation). But he didn't stop short there. He went after Dunn on all legal fronts to take her down from the position of nonexecutive board Chairman of HP. And take her down he did. She will step down effective January, 2007 although she will remain an HP director.

In case you are not up to speed, Dunn led an investigation (see below) that led to the possible illegal procurement of phone records for board members and several journalists. Tom Perkins did not like the process. It's no wonder. His records were accessed.

Despite what appears to be a sneaky method to access those records, what we cannot overlook here is the fact that Dunn achieved results: She found the leaker. As the following article states, "Meanwhile director George Keyworth, who acknowledged that he was the source of news leaks that started the scandal last year, resigned from HP's board." I might add that George Keyworth is a very good friend of Tom Perkins.

And here's what Dunn said yesterday about her actions ... "These leaks had the potential to affect not only the stock price of HP but also that of other publicly traded companies."

If Dunn had to lose her chairwomanship on the HP board to find the leaker -- so be it. I just don't understand why it seems to always be a woman who steps up to the plate, faces reality and ends up paying a pretty severe price for watching out for the good of company shareholders. Need I bring up Enron?

Read more here >> HP After Dunn

Backstories:

MSNBC

The Smoking Gun

CNET

USATODAY.com

Monday, September 11, 2006

Leadership and Women Entrepreneurs

What does it take to be a leader? Six questions are addressed in this interview with Sheila Murray Bethel, author of four books, including the best-selling "Making a Difference: 12 Qualities That Make You a Leader."

Here's a glimpse at the first question and answer:

Q: When you were a child, what did you dream of becoming?

A: There wasn't a specific thing I wanted to do when I was a child but be very independent ... because that's what my mother always encouraged me to do.

Read the entire interview >> here.

Wednesday, September 06, 2006

Small Business, Big Opportunities

Women-owned businesses continue to grow at an amazing rate. According to the Center for Women's Business Research, the estimated growth rate in the number of women-owned firms was nearly twice that of all firms (17 percent vs. 9 percent). Nearly half of all privately held U.S. firms are women-owned. That means 10.6 million firms are at least half owned by women. These firms employ 19.1 million people and generate nearly $2.5 trillion in sales.

So what does this mean for women entrepreneurs, especially when it comes to using technology to grow a business?

Read more >>here.

Monday, September 04, 2006

Happy Labor Day


Labor Day is a celebration and a tribute to the contributions of workers who have made our country stronger. That's us. Enjoy.

P.S. This photo is taken a block from where I live.

Friday, September 01, 2006

Escape From Corporate World!

International entrepreneurship at its finest!

I just love this site and plan to order a couple of global handicrafts as holiday gifts for people this year. Check it out.

PEOPLink

Sunday, August 27, 2006

Women are capable of leading companies ...


One of my favorite sister bloggers, Jory Des Jardines of BlogHer, wrote this excellent commentary relating to postings made here on August 7 and 15. I know you will appreciate it.

Thursday, August 24, 2006

Women in Technology or Entrepreneurship?

I could not help but think that these same skills (below) for a career in IT are applicable to women in entrepreneurship!

What skills would you look for in young people that want a career in IT (or entrepreneurship)?

CB: I'd look for someone prepared to keep an open mind about the possibilities and with passion to make a difference through information technology.

AB: Understanding what the technology can do. It isn't an end in itself.

CE: Successful business is all about teamwork. As a result, when building a team I look to hire people who combine intellect and passion for their chosen field. BlackBerry is successful because of our people's energy, enthusiasm and commitment.

AJ: Energy, curiosity, dynamism, self-starter, eager to stretch themselves, intellect, emotional intelligence.

Read this interesting dialog between women executives who are enthusiastic advocates of women in business in the Women in Technology: ITWales Interview.

Thursday, August 17, 2006

Proof Is In the Stats: Women-owned Firms Increase Nearly 20 Percent

Women-owned firms increased nearly 20 percent, while all U.S. firms grew by seven percent over the latest period studied (1997 and 2002), based on a report released by the Office of Advocacy of the U.S. Small Business Administration.

The report uses newly released U.S. Census and other data to describe women's contributions to the economy. Statistics documented in the report include:

• Women owned 6.5 million or 28.2 percent of nonfarm U.S. firms in 2002. More than 14 percent of these women-owned firms were employers, with 7.1 million employees and $173.7 billion in annual payroll.

• Women-owned firms accounted for 6.5 percent of total employment in U.S. firms in 2002 and 4.2 percent of total receipts.

• Of all women business owners in 2002, 85.95 percent were White, 8.43 percent African American, 8.33 percent Hispanic, 5.25 percent Asian, 1.23 percent American Indian and Alaska Native, and 0.18 percent Native Hawaiian and other Pacific Islander (total does not add to 100 due to some double counting across ethnic groups).

The report Women in Business: A Demographic Review of Women's Business Ownership was written by Office of Advocacy senior economist Dr. Ying Lowrey.

For a copy of this study (PDF file), click here.

Should you need further information, please feel free to contact Ying Lowrey at: (202) 205-6533.

Tuesday, August 15, 2006

Escape to Corporate America!

Asian Woman Named CEO at Pepsi!

PepsiCo has promoted its chief financial officer, Indra Nooyi, to become chief executive of the drinks manufacturer, making her one of the most powerful women in corporate America.

Ms Nooyi, who was born in India, will take over immediately in a surprise reshuffle, cementing her position after several years in which the board has fought to keep her from leaving for a senior job elsewhere.

Go Indra!

Monday, August 14, 2006

Women are a blogging powerhouse

As the article states ...

"Some people ask me, 'Aren't you worried you won't get hired because of what's on your blog?' On the contrary, she said, "I get hired because of my blog. It's my way to idiot-proof my life. If you don't like my blog, don't hire me!"

How is your business or blog changing the world? Read: Women tap the power of the blog.

Tip for the day: Make blogging your business.

Monday, August 07, 2006

Cherchez La Femme (WSJ, Aug 4): Read it to believe it!

Cherchez la femme ... translation can be found here.

It took me until now to track the following opinion piece written by Judith H. Dobrzynski and published by The Wall Street Journal Thursday, August 4. WSJ, thus far, has decided to release it only online to their subscriber base. Since I get the print edition, I don't bother with the online version. Please take a moment to read this thoughtful piece and forward it to whoever you think might find it interesting:

Cherchez la Femme

Here is a subsequent correction to the article posted in WSJ's Saturday (8/5) edition:

Patricia A. Woertz was named CEO, in April, of Archer Daniels Midland, ranked No. 56 on the Fortune 500. An opinion article by Judith H. Dobrzynski on Aug. 4, "Cherchez La Femme," said there were no women CEOs in the Fortune 100. (The number of women CEOs in the Fortune 500, however, was stated correctly as 10, and did include Ms. Woertz.)

And here is my response to the WSJ Opinion editor sent by email on Saturday, August 5:

"Cherchez la Femme" (OPINION, August 4) is right on target. But there is one person Ms. Dobrzynski left out in her investigation: former Pulitzer Prize-winning reporter and publisher of The Wall Street Journal, Karen Elliott House. House was among those considered for CEO of the WSJ but was passed over for Richard F. Zannino, who was the first to break with a tradition of journalists presiding over the company.

So instead of taking a chance by promoting a woman from within the ranks of The Wall Street Journal -- and one who was largely responsible for the launch of the Weekend Edition -- they brought in a man from the outside with no journalism experience but lots of fashion house and retail knowledge. How's that for a calculated risk?

WSJ decided to go with a man with no experience at the paper instead of a woman who brought the paper success and accolades. After that, Karen Elliott House announced she would retire after 32 years with the newspaper.

It's no wonder women are starting businesses at twice the rate of men. And they will continue to do so until parity is achieved in the corner CEO office.

Sincerely,
Laurel Delaney

Since then, I have been in touch with Dobrzynski. Let's see if the WSJ is gutsy enough to publish my letter. What's your take on this?

Wednesday, August 02, 2006

Get ready, get set and launch ladies

According to the 2005 Global Entrepreneurship Monitor Report more than 340 million people worldwide tried to launch businesses in 2004. This is a significant increase from 2003 and 2004.

The United States ranked seventh in the number of start-ups and California has more documented start-up business than any other state. Unfortunately, statistically only one-third of those start-ups will get off the ground and survive past two years.

Here are some -- eight to be exact -- strategies to encourage start-up success or at least limit start-up failure.

Action strategies to launch your business.

Friday, July 28, 2006

More Women Are Starting Their Own Companies

Three years ago, flight attendant Sandy Stein was so distraught about the prospects of her and her husband's jobs that she prayed to her deceased father for guidance.

"Dad, what am I going to do?"

That night, the 55-year-old Reseda woman said, she dreamed of a small metal flower with a curved stem that hooked onto the outside of her purse. A clip dangling on the inside kept her car keys quick at hand. When she awoke, a childhood taunt popped into her head: Finders keepers. But this time, Stein heard it as Finders Key Purse.

Like more and more women are doing these days, Stein found the courage to start her own business, Alexx Inc., a company that makes functional and fashionable key-finders.

Read the full story here.

Saturday, July 22, 2006

SBA Could Help You Escape From Corporate America and Get Started Running a Business

Dear Professor Bruce: I feel stagnant in my current job. It's a road to nowhere. I am talented in my field and have some excellent background. Money is what I would need to really get going in my own business. Are there government programs available to help me?

SBA could help you escape form corporate America ...

Wednesday, July 19, 2006

He, Once a She, Talks About the Mysterious "Journey"

Because this article is so unbelievable, I read it four times to completely grasp its key points. The second time around I wanted to spot anything that contradicted "the Larry Summers Hypothesis" and it's there. The third and fourth time, I was just feeling good about myself, taking it in and wanting to personally thank Ben for sharing his/her experiences. There is a lot to learn from this piece. After all, here is a woman, now a man, telling us how she felt when she was a woman in the academic science and math areas. Fascinating stuff and -- now-- so transparent.

Ben Barres had just finished giving a seminar at the prestigious Whitehead Institute for Biomedical Research 10 years ago, describing to scientists from the Massachusetts Institute of Technology, Harvard and other top institutions his discoveries about nerve cells called glia. As the applause died down, a friend later told him, one scientist turned to another and remarked what a great seminar it had been, adding, "Ben Barres's work is much better than his sister's."

There was only one problem. Prof. Barres, then as now a professor of neurobiology at Stanford University, doesn't have a sister in science. The Barbara Barres the man remembered was Ben.

Prof. Barres is transgendered, having completed the treatments that made him fully male 10 years ago. The Whitehead talk was his first as a man, so the research he was presenting was done as Barbara.

Being first a female scientist and then a male scientist has given Prof. Barres a unique perspective on the debate over why women are so rare at the highest levels of academic science and math: He has experienced personally how each is treated by colleagues, mentors and rivals.

I urge you to carefully read the entire article and weigh in with your comments. Not sure how long it's available for free through the WSJ -- better hurry up.

He, Once a She, Offers Own View On Science Spat

Monday, July 17, 2006

Escape From Marriage?

I scanned the following article and asked myself, what does it have to do with this blog and entrepreneurship? Plenty. All I had to do was catch the word "escape" and I knew you had to read it too. Is there a difference between escaping from a company and escaping from a bad marriage? Maybe not. Here's the passage that stood out for me:

"Laura has now "escaped", as she puts it, a 15-year marriage -- though cynics could well point out that she decided to flee the marriage only after the Enron scandal erupted and the man who had supported her for so long looked likely to be bankrupted."

What's the likelihood of Laura starting a business? You tell me.

Read the crazy article here: Ex-wife speaks out.

Thursday, July 13, 2006

Accidental Entrepreneur

If you're at all dissatisfied with your job, you've got a long, hot summer ahead of you. Plenty of time to sit and daydream about telling the boss to take a hike and making money doing what you love.

Many of you have personal Web sites you work on in your spare time, either blogs or little e-businesses or software-as-a-service applications. Wouldn't it be great if you could just make a living on that stuff and leave the paycheck-to-paycheck grind behind?
The subjects of this article on accidental entrepreneurs did just that.

Tuesday, July 11, 2006

The Entrepreneurship Bug Done Bit Me

When I read the title of this article -- Entrepreneurial bug bites more college students -- I immediately thought of the lyrics from Diana Ross and The Supremes's song "Love Is Here and Now You're Gone." Here's why. All I did was substitute entrepreneurship for love:

The entrepreneurship bug done bit me
Didn't mean for him (her!) to get me
Woo, get up in the morning
And I'm filled with desire
No, no, I can't stop the fire
Entrepreneurship is a real life wire
Ooh, it's a burning sensation
Far behind imagination

Entrepreneurship is like an itching in my heart
Tearing it all apart
Just an itching in my heart
And baby, I can't scratch it
Keeps me sighing, ooh
Keeps me yearning

No, mama can't help me
No, daddy can't help me
I've been bitten by the entrepreneurship bug
And I need some information
To help me out this situation

Now, when you're ill
You take a pill
When your thirsty
Drink your fill
What you gonna do
When entrepreneurship gets a hold
A hold on you
Entrepreneurship is like an itching in my heart
And baby, I can't scratch it

Entrepreneurship is a nagging irritation
Causing my heart complication
Entrepreneurship is a growing infection
And I don't know the correction
Got me rockin' and areelin'
And I can't shake the feelin'

Entrepreneurship is like an itching in my heart
Tearing it all apart
Just an itching in my heart
And baby, I can't scratch it
Keeps me sighing, ooh
Keeps me yearning

Keeps me burning
Keeps me tossing
Keeps me turning
Keeps me yearning

I've been bitten by the entrepreneurship bug
And I need some information
To help me out this situation
Entrepreneurship is a nagging irritation
Causing my heart complication

I've been bitten by the entrepreneurship bug...

Friday, July 07, 2006

Sew ...

what do Sting, Elton John and Madonna all have in common besides being great entertainers? They each hired tech savvy female entrepreneur Megan Duckett who just earned her business -- Sew What? Inc. -- the 2006 Dell/National Federation of Independent Business (NFIB) Small-Business Excellance Award.

Read more about the program here and visit Sew What? Inc. here.

(Note: From backdrops for Sting, Elton John and Madonna to red velvet curtains for the cover of Rolling Stone, custom theatrical drape maker Sew What? marries new technology with a centuries-old craft. "I never dreamed that the tiny business I started on my kitchen table would grow into the global business we have today," said Megan.)

On behalf of women entrepreneurs across the planet, we congratulate Megan and wish her continued success!

Tuesday, July 04, 2006

Happy Birthday to America and Escape From Corporate America!

Happy Birthday America -- celebrating 230 years of FREEDOM -- and reminding us that the words engraved at the base of the Statue of Liberty bear witness to a noble truth: "For the tired, the poor, the world's huddled masses yearning to breathe free, America remains a powerful beacon of hope."


In addition to America's birthday, please join me in celebrating Escape From Corporate America's birthday No. 2. We started this blog on July 4, 2004 and had no idea that there would be such a proliferation of blogs created in blogosphere. It goes to show you that if you have passion, are tenacious and have something important to say, you can achieve great things.

I want to take this opportunity to thank all of you for your readership and support along the way because without it, this blog would not be possible. So I look forward to many more vibrant and insightful conversations with you in the future.

Now let me sprinkle some stardust of "hope" on you. Today, may you escape and start that business you've been dreaming about. Anything is possible!

Best wishes,
Laurel

Tuesday, June 27, 2006

Are Women Entrepreneurs Better?

"As the economy heats up, it’s sobering to think that the real competition for talent isn’t other firms -- it's the business and ideas incubating inside women’s minds." -- Margaret Heffernan



This is a fantastic commentary published in Forbes by Margaret Heffernan that supports this blog on every front as to why women are leaving corporate America in droves for entrepreneurship. Read it here and get ready to kick ... or I should say ... change how the world does business.

Monday, June 26, 2006

Meet Martha Burk, author of Cult of Power

Dr. Martha Burk is a political psychologist and women's equity expert who is co-founder and President of the Center for Advancement of Public Policy, a research and policy analysis organization in Washington, D.C.

Dr. Burk's book, Cult of Power: Sex Discrimination in Corporate America and What Can Be Done About It, unmasks how corporate America conspires to keep women down, and offers solid solutions.

I haven't read it yet but it sounds intriguing. For more information, please visit National Council of Women's Organizations.

Monday, June 19, 2006

From America to Oman, Escape Is the Common Ground

The Big Business Idea Competition 2006, the only one of its kind in Oman, was launched yesterday under the auspices of Ahmed Hassan Al Dheeb, undersecretary of the Ministry of Commerce and Industry, at the Knowledge Oasis Muscat (KOM) yesterday.

The Knowledge Mine (TKM) -- Ernst & Young Big Business Idea Competition 2006 -- as it is known, is an initiative to spot ‘would-be’ entrepreneurs who want to turn their ideas into a successful business.

The competition is designed to encourage Omani students, researchers and entrepreneurs to act on their talent, ideas and energy to produce tomorrow’s leading businesses, which hopefully will generate enough employment opportunities for other young Omanis.

Read the article here: Chance to Turn Big Ideas Into Big Business.

Tuesday, June 13, 2006

Certification helps women-owned firms compete

Shoving aside an oversized spool of electrical cable and casually grabbing a pair of wire cutters to pose for a picture, there's little doubt that Mercedes LaPorta feels at ease in her sprawling warehouse in Medley, surrounded by more than $3 million in electrical supplies.

But there was a time it wasn't so comfortable being a woman in a man's world.

Read the article here.

Friday, June 09, 2006

Up and Running With a Plan in 23 Hours or Less

That is, a great marketing plan. If you are thinking of starting a business but are stuck on the fact that you don't know how to market it, here are some simple steps offered by Gwen Moran.

23 Hours to a Great Marketing Plan

Monday, June 05, 2006

Gender-blindness in the Workplace

It pays to be gender-blind in the workplace. According to a recent in-depth international study by Caliper, a global human resources consulting firm, women business leaders consistently scored higher in persuasiveness, risk appetite and tenacity.

Want healthy bottom lines? Look to women.

So this explains why so many women move on to entrepreneurship?

Tuesday, May 30, 2006

Escape from Corporate UK

Top prizes in Said Business School’s recent Idea Idol competition were won by Jennifer Segal for her proposal to produce designer medical slings and covers for plaster casts and by Susana Pinheiro for plans to develop HIV prevention clinics in West Africa, funded through a new condom brand.

Tesia Hostetler, an MBA student at Instituto de Empresa, Madrid, was a prizewinner in the National University of Singapore’s business plan competition Cerebration 2005, while Maria Merce Serra, a fellow student, won General Electric’s Imagination at Work competition.

Is this a blip or a trend?

Here are some snippets from the article:

• The proportion of women who go on to set up their own businesses is increasing. Is there something in the culture of business schools which nurtures women as entrepreneurs? I certainly hope so.

• Most leading business schools focus strongly on enterprise, offering plenty of opportunity for women to consider setting up a business.

• Women are attracted to business schools because they want to run their own company and because they are inspired by what they learn, says Fiona Reid, director of entrepreneurship at Said, in Oxford.

• “We see some very strong entrepreneurial women who have good ideas and are very organised and determined. They walk in the door and you think ‘you’re going to make it’. They have the personal skills as well as the intellectual ability to be successful."

• Women entrepreneurs are very good at evaluating talent as well as business opportunities.

• Segal, of New Jersey, chose the Oxford MBA because of its emphasis on enterprise. She says: “If I wanted to start my own company it seemed a good place to jump from. You don’t have to go to business school to write a business plan but you’ll learn how to write a really good one.”

• Budding entrepreneurs need both an academic grounding and an understanding of the business world.

• “The best way to learn about running a business is from those who have done it,” she adds.

• Segal sums up the value of an MBA for women entrepreneurs: “It puts you in a different light with potential investors. It signals that you are an achiever who has what it takes to run a business.”

Read the complete article here: Women Get Ahead By Being Their Own Boss

Monday, May 22, 2006

Babson Women's Business Blog: Very Cool!

The Babson Women’s Business Blog is dedicated to a cause about which they are very passionate: the advancement of women and business. Their new blog just went live. Catch it here.

Friday, May 19, 2006

Where Are You Going Next?

This is an all encompassing article about both men and women confronting what they want to do next in their lives. One man shifts from Corporate America to independent consultant, another moves from independent consultant to running a consultancy and still another woman transitions from independent agent back to Corporate Amerca.

Most people want to make a difference in the world. Don't you? Climbing your own mountain has its rewards.

Capture the experience or essence of the article here.

Tuesday, May 16, 2006

Touched by an angel

Women control nearly half of the nation's wealth, but of about 225,000 angels -- wealthy people who invest on their own or in groups -- only 8 percent are women, said a report last month by the Ewing Marion Kauffman Foundation of Kansas City, Mo.

What women need are angels ... that is ... angel investors. Enter the Phenomenelle Angels -- Wisconsin's 14-angel investor group -- who plan to back 12 to 20 companies with $100,000 to $500,000 each.

Lorrie Keating Heinemann, secretary of the state Department of Financial Institutions, said female and minority entrepreneurs don't always get attention from male-only investor groups. "Realizing the potential and success of women-owned businesses is very important," she added.

"To me, it's an issue of opportunity. There are rising numbers of entrepreneurs who are women, black and Latino," said Tom Still, president of the Wisconsin Technology Council. But he added, "At the end of the day, money is usually color- blind and gender-neutral. It should flow to where the best opportunities are."

Read the article "Angel Fund By And For Women" here.

Friday, May 12, 2006

In Honor Of Mother's Day ...

Look out world. Moms are about to shake it (you) up. Here's a new way for Moms to chart their destiny.



Business Schools Target At-Home Moms

Babson Program Targets Moms Returning To Work

Happy Mother's Day to all Moms who make a difference in our lives.

Saturday, May 06, 2006

Lead Like An Entrepreneur


For those who absolutely cannot escape from corporate America, I've got just the little book to help you cope and become a leader who turbo-charges vitality into an organization. It's called "Lead Like An Entrepreneur" by Neal Thornberry, faculty director at one of my favorite entrepreneurial places -- Babson College -- renowned for its entrepreneurial education programs.

Here's what I found most fascinating about "Lead Like An Entrepreneur" and I probably should not be giving away my insight so freely, especially on a blog, but I feel compelled to do so. Thornberry states: "Organizations don't make things hapen -- people do. And entrepreneurial leaders make significant things happen." This is the key premise to finding hidden value not just in the book but within any organization.

Don't just get by. Thrive. And that's what "Lead Like An Entrepreneur" will do for you. Buy it. Read it. Learn from it. Become the entrepreneur you were meant to be ... whether within an organization or by building one of your own on "their" nickel.

Monday, May 01, 2006

Taking the Pulse of Women Entrepreneurs

Women-owned businesses are on the rise. Consider the following figures: According to the Washington-based Center for Women's Business Research, 48% of all privately held U.S. firms are 50% or more women-owned -- for a total of 10.6 million firms. They generate $2.5 trillion in sales and employ 19.1 million people across the country. Moreover, between 1997 and 2004 the number of women-owned companies grew 28.1% -- nearly three times the rate of all privately held businesses with employees.

Now what? Find out here.

Tuesday, April 25, 2006

Globally, Women Want to Own Businesses



Women business owners all over the world have much in common. They want to earn their own money and provide a better home for their family. They want to be creative, productive and self-sufficient. And they want to share their entrepreneurial victories with their closest women friends.

Read the article here: Inside Entrepreneurship: Globally, women want to own businesses

Wednesday, April 19, 2006

The importance of sex

Even today in the modern, developed world, surveys show that parents still prefer to have a boy rather than a girl. One longstanding reason why boys have been seen as a greater blessing has been that they are expected to become better economic providers for their parents' old age. Yet it is time for parents to think again.

Girls may now be a better investment.

Read the Economist article here.

Friday, April 14, 2006

Women Entrepreneur Expresses Herself Through Her Own Greeting Card Company

"This better be the only wedding card I ever give you."

That line is an example of the kind of biting humor you'll find in a Quiplip card. The greeting card company, founded in 2002 by Bridget Hobson (pictured), prides itself on being unconventional and unlike a lot of mass-market card lines.

Hobson's only experience in the greeting card-making business was handcrafting cards when she was 6 years old. The [entrepreneurial] bug hit her again when she was in her 20s and frustrated when she couldn't find cards she could relate to.

Read the story here: Quirky Card Company Pushes Envelope

Tuesday, April 11, 2006

Are Women Happy Under the Glass Ceiling?

Even before The Wall Street Journal coined the term "glass ceiling" 20 years ago, researchers debated why women seldom reach the highest ranks in business. Do women choose less stressful jobs so they can enjoy life more? Are they shut out of golf games and other informal networks that help men make crucial professional contacts?

Before we move on to answer those questions, I want to give you the powerful ending FIRST so you understand why we established the EFCA blog:

[But Susan Solovic, CEO of SBTV, a Web site that creates video programming aimed at small-business owners, offers another reason why women aren't complaining about the pay gap: They've decided to work for themselves. The number of women-owned firms grew 17% between 1997 and 2004, according to the Center for Women's Business Research, while the total number of firms rose only 9%. Says Solovic: "There is really no glass ceiling when it comes to owning your own business."]

Now read the article below to find out how and why it leads to Susan's concluding remarks and then let us know what you think!

Are Women Happy Under The Glass Ceiling?

Friday, April 07, 2006

Women Entrepreneurs Are Confident in Business Skills

Women Entrepreneurs Seek New Opportunities; Are Confident In Business Skills; Use Work Experience As Springboard; Yet, Gender Gap Persists

Women entrepreneurs use the same strategies as their male counterparts -- seeking opportunities, taking risks, mingling with other entrepreneurs, and sharpening their business skills -- according to the Global Entrepreneurship Monitor (GEM) 2005 on Women and Entrepreneurship.

Based upon survey data from more than 107,400 respondents in 35 countries, today’s GEM Women report, prepared by scholars at the Center for Women’s Leadership at Babson College, gives a clear indication that while women entrepreneurs often exhibit patterns of behavior similar to those of men, a gender gap nonetheless exists for entrepreneurial activity across the globe.

Women most likely to be entrepreneurs are those who hold jobs, have higher levels of household income and education, and have confidence in their level of skill and in the possibility of their success.

In case you missed it, read the Babson release and download the report here.

Monday, April 03, 2006

In Business, Women Can Handle More Than One Thing At A Time

At a time when some corporate executives are spending more time in court than in boardrooms and talk of a flagging economy is on everyone's lips, little appears certain in the world of business.

But for one particular demographic -- both locally and nationally -- business appears booming, and success has never been such a sure thing.

A recent Census Bureau report found that women-owned businesses grew at twice the national rate between 1997 and 2002 to an estimated 10.6 million.

Women Owning More Establishments

Tuesday, March 28, 2006

Small Is Beautiful; Beautiful is About Entrepreneurship


Small is Beautiful and Lucrative

Here's how one guy, Mike Cayelli, set up a Web business, cuffdaddy.com, projecting U.S. $500,000 in sales this year, that rings up healthy margins by selling -- you guessed it -- cuff links and he still hasn't quit his day job.

Escaping Corporate America comes in all shapes and sizes. Which one fits you?

Sunday, March 26, 2006

From Corporate America to Entrepreneurship: Onward and Upward

This is an amazing story about an amazing woman in corporate America but I could not help but focus on what was next for her besides a life with better balance and a greater peace of mind. Hence the photo. Here are a couple of snippets from the article:

"I’ve had 25 great years [corporate America] and now I want to know ‘what else,’ " she said, reflectively. "That’s the beauty (of my decision), to be able to disengage before I become re-engaged with my career."

James plans to open Lardon and Associates after taking a couple of months off to "read, maybe write a book and spend time with my family." She’s leasing office space in the Brewery District, in the same building that houses Brown & James, the law firm of her husband, Larry James.

"I have to have some place to go to concentrate on the work I do," she said.

Read the story here: A Life In Balance

Thursday, March 16, 2006

Should I Stay or Should I Go?

Despite the many professional advantages to working for a bigger firm, David Lightle is still uncertain whether he is willing to give up his independence, the ability to plan his own travel schedule, to live where he desires, to choose his own projects and to choose with whom he works.

Is it worth it to fly solo?

Find out here: Weighing Independence And Big-Firm Advantages

Saturday, March 11, 2006

Women Leading the Way in Startups

Here's one of many great snippets from the article:

The women entrepreneurs interviewed for this story had one thing in common: a vision of what they wanted to do with their lives. They see the future as bright, especially since technology -- from the Internet to mobile phones -- is making it easier to set up sophisticated virtual offices at home or wherever your heart desires.

Women entrepreneurs have important success stories to tell.

Thursday, February 23, 2006

No excuses, just results: Prosper

Interesting new site modeled off eBay but for people-to-people lending:

Prosper

Now, startup capital is a breeze provided you have friends!

Tuesday, February 21, 2006

Another woman takes the plunge ... that is, to entrepreneurship

In baltimoresun.com

For 16 years, Kimberly Harden worked a 9-to-5 job that gave her little satisfaction.

But she also ran a wedding -- and event-planning business on the side for 11 of those years -- work she found fulfilling and exciting. In 2004, she took the leap of leaving behind the administrative job and making her business a full-time career.

"I understood that my passion is what I'm doing now," said Harden, 39, who owns Majestic Day LLC. "And I'm satisfied."

For reasons as varied as flexible schedules, work-family balance and job and financial security, more women like Harden are diving into owning and operating their own businesses.

Read the article here: Women Inc. Thriving in Region

Monday, February 13, 2006

Selling Our Souls ...

... During Black History Month

Interesting ... "It’s about transcending the social ills that oppress our people every day and coming up with solutions to combat them." I hear you! Let's have some action to accompany the agenda.

Read the article here: Selling Our Souls During Black History Month.

Monday, February 06, 2006

A "Man" Leaves a Big Company to Go Solo!

[Laurel here ... For all the men who email me and say, "Hey, women aren't the only ones who want freedom, flexibility, recognition, more money and greater opportunities. Wakeup! Men want all these things too!"]

As a vice president and corporate counsel for a New Jersey-based defense contractor, Jonathan T. Mann seemed to have a good legal gig. He earned well over $200,000 annually, more than enough for his family to live on comfortably in a suburban community four miles from his office.

But all wasn't well. Mr. Mann had intended to stay for a while with Parsippany-based DRS Technologies Inc. when he joined it in 2002. But a good portion of his job consisted of work that he thought wasn't appropriate for his level of seniority, such as negotiating nondisclosure agreements, he says. While Mr. Mann loved the law, in this role, "the joy went out of it," he says.

Find out what he did here: "Leaving a Big Company To Go Solo."

Monday, January 23, 2006

Women entrepreneurs want the same things men want

In MiamiHerald.com

They want access to capital, training and markets. But women with businesses of $1 million or more are twice as likely as male counterparts to seek advice from a mentor. they also want to be taken seriously.

Read the article here, "What do 'hot mamas' want?" Don't be mislead by the title -- I was when I read 'hot mamas' -- for the article is written by a respected Harvard professor. Still I question what's up with that?

Wednesday, January 18, 2006

Staging Your Second Act: Entrepreneurship At Its Best

In Iceved

What does it take to become an entrepreneur and get your business off the ground? Here are some tips from those who have done it.

Startup Secrets of the Successful

Friday, January 13, 2006

Be Happy You Are An Entrepreneur

Published in the New York Times January 9, 2006

You have to read this to believe it and since it is only available to subscribers, I am posting the whole darn thing. Let me know what you think. I nearly canceled my subscription to the Wall Street Journal when I had read that Karen House was passed over for the chief executive position of Dow Jones but I didn't only because I find MS. Wendy Bounds's small business column on Tuesdays useful to my work.

To Reach the Heights, First Be Male

THE glass ceiling has been shattered so often in the last decade that you might think that metaphor for the limits many women in business confront would have lost its power. But as some women in the media business found out last week, once you get through the ceiling, you find a secret glass treehouse suspended far above your head. That's where the men sit.

Last week, Martha Nelson was promoted by John Huey, Time Inc.'s editor-in-chief, from editor of People magazine, that large, reliable A.T.M. for Time Inc., to corporate editor in charge of People and its offspring. When Mr. Huey ascended from editorial director earlier this year, some thought Ms. Nelson would get his old job as No. 2 and act as his adviser and confidante, as Mr. Huey had for Norman Pearlstine.

But People and magazines like InStyle - another cash machine that Ms. Nelson had helped create - are responsible for almost half of Time Inc.'s profit, and Mr. Huey was reluctant to kick her upstairs, far from the action. It makes business sense: Mr. Huey just got the job and he does not need to train his successor.

But you have to wonder if Ms. Nelson were a man whether she would have been brought up into the executive clubhouse on the 34th floor. (It's worth mentioning that Ann S. Moore, the chief executive of Time Inc., already resides there.) For the time being, the glass ceiling is a skating rink, an arena in which she can show off her substantial skills, but it could contain unseen trapdoors.

Karen Elliott House, the publisher of The Wall Street Journal, just ended up falling through one. When the board members of Dow Jones & Company chose a chief executive, they bypassed Ms. House, a Pulitzer Prize-winning journalist who was both professionally and personally wedded to Peter R. Kann, the outgoing chief executive, in favor of Richard F. Zannino, a vice president of the company who came from Liz Claiborne in 2001.

Ms. House, who had been at the company 32 years, found herself out of a job. A hard-charging journalist and executive - some would say a bit too driven, a frequent charge against successful women - her career and personal life became defined by her alliance with Mr. Kann. Once she was at the top, the glass ceiling became a mirror, a reflection of choices made.

Perhaps the biggest surprise of the week was the departure of Mary G. Berner, the chief executive of Fairchild Publications, a division of Condé Nast. A former publisher of Glamour, she took over what had been a workmanlike division that published trade magazines like Women's Wear Daily and Footwear News, along with W, a fashion magazine.

IN six years, she doubled the number of publications, took Details, a crippled men's magazine, off the hands of Condé Nast and repositioned it at Fairchild as a somewhat androgynous men's magazine, and elevated Fairchild into a respected player in publishing.

As a chief executive, she had few peers, building a low-cost, collegial workplace with flat architecture that engendered the kind of loyalty that the trade magazine Folio once described as "the cult of Mary."

Ms. Berner sponsored a magazine day at the company in which anyone from publishers down to the people in the mailroom could pitch an idea. (Someone from the mailroom actually did pitch a magazine, and while his idea didn't get picked up, he was promoted to the circulation department.) Last year, an employee pitched an upscale parenting magazine called Cookie that has since blossomed into a going concern.

Fairchild was Ms. Berner's own little meritocracy. It eschewed the hierarchy and the town car prerogatives of Condé Nast in favor of a feisty underdog approach that created significant dynamic competition.

Not all of it worked. Vitals, a men's shopping magazine, fell flat, and the division's fashion titles like W and Details had to fight for the same dollars pursued by Vogue and GQ.

Four months ago, Charles H. Townsend, chief executive and president of Condé Nast, decided that the crossover created by the independent division made no business sense and reorganized Fairchild back into the fold. Ms. Berner, who had an option to leave the company if she no longer reported to S. I. Newhouse Jr., the chairman, did just that last week.

Part of her departure has to do with her disposition. Ms. Berner likes to run her own show. Much as the folding of The New Yorker into Condé Nast in 1999 cost Tina Brown her independence, the move made Ms. Berner just one more executive.

She may manage down very effectively, but has a tendency to speak her mind in a way that was not always appreciated within Condé Nast. And neither is being a woman. Ms. Berner, the mother of four, put in her hours, but she was never one to head out for drinks or golf.

Like a lot of media companies - like a lot of companies period - Condé Nast is a male-inflected place. In 1999, the company paid more than $1 million to a woman on staff who had been injured by Richard D. Beckman, the company's boisterous and effective president in charge of group sales, when some horseplay went awry. (Although he has since moderated his approach, the sobriquet of "Mad Dog" Beckman is still bandied about.)

And when the plum job of publisher of Vanity Fair came up, it went to Alan Katz, who had only recently arrived and served at Cargo, a start-up magazine, bypassing several outstanding women who had served at the company as publishers for years.

"Because there are so few women executives, we tend to notice when something happens to one of them," said Judy B. Rosener, a professor in the business school at the University of California, Irvine. "But women have attributes that men dismiss or see as foreign. They tend to think people at the bottom have as much or more information than the people at the top."

That's one way to do business, but not exactly the Condé Nast way. Most executives, men and women, end up losing out for the top slot just by virtue of the numbers. But in the instance of Ms. Berner, the assets she brought to the job - a willingness to share ideas and credit, an ability to build a civil and productive work culture - are viewed as weaknesses. She might be good, but she wasn't in the club.

Thursday, January 05, 2006

Happiness Found: Working For A Company?

In BusinessPundit.com

A lesson for us all in this poignantly written commentary headlined "Why I Quit Entrepreneurship and Got a Real Job."

A big thanks to Rob for sharing.

Tuesday, December 27, 2005

Happiness Found: Working For Yourself

In Chron.com

A report released this week finds older workers who are self-employed — particularly those who not only work for themselves but also employ others — are likelier to be happier with their work situation than those who labor for someone else while women face the hardest road.

Small-business owners (whether men or women!) are happier, said Ellen Galinsky, president of the Families and Work Institute, a New York-based nonprofit research group that studies workplace and family issues.

Galinsky said the study provides a message to employers hoping to improve employee retention: "There are lessons in here for organizations that employ people: Provide people with learning opportunities, provide them with more autonomy, provide them with more flexibility," she said.

Hey, hey and Happy New Year!

Read the entire article here.

Wednesday, December 07, 2005

Another Move By Corporate America ...

In The Wall Street Journal

I have been trying to track down the online version of the letter to the editor published in The Wall Street Journal on Tuesday, December 6th entitled "In the Days When Shopping Was Elegant." It was all about the Marshall Field's name coming off the building the first of the new year when Macy's takes over. It's a great letter but what really struck me was the author's insight that is applicable to everything we write about on this blog:

"... And now, taking Marshall Field's (Chicago) sign off the building is another move by corporate America to take us all down to the lowest common denominator. I resent the increasing "sameness" in stores everywhere. Call it the Wal-Marting of America. Let's boycott'em all! Mom and Pop stores, arise! The cycle is coming around!" ~ Bill Evans, Bainbridge Island, Washington

Isn't that a fresh new take on entrepreneurship? Way to go Bill!

Friday, December 02, 2005

Why Do Women Escape From Corporate Canada?

In Oak Bay News

Women in Canada are starting more businesses than ever. Money isn't the main reason. Guess what is? Find out here.