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