Thursday, May 28, 2009

Trust Me

I am sure you have heard those two powerful words before. But in this case, I authored, "How to Build Trust" for the OPEN Forum by American Express OPEN. It offers lots of good advice (trust me!) from my trusted colleagues. One of my favorite quotes:
Trust is not a one night stand. ~ Paul Dillon
See what you think and weigh in with your own comments on how to build trust.

Tuesday, May 26, 2009

Shut Out of Corporate America? Entrepreneurship Is the Answer

If you are struggling to land a job in Corporate America, starting your own business might be less risky than you think.

Read what others are doing to shake things up and make things happen, here.

Friday, May 22, 2009

Despite Tough Economy, Women Business Enterprises Continue To Reinvent


"Women's business enterprises continue to reinvent themselves and weather economic storms," says Sonya Dukes, SVP and director of corporate supplier diversity at Wells Fargo who will offer specific tips for success at the Women's Business Enterprise National Council's Women in Business 2009: The Bridge to Quality Conference and Business Fair, in San Francisco, June 9-11.

Wells Fargo's commitment to creating sustainability and development in diverse businesses includes providing capacity building and entrepreneurial training for Women and Minority Business Enterprises. The program provides key resources, tools and techniques to develop operational excellence and stage suppliers for growth.

"We saw a lot of potential suppliers – successful companies – were struggling to adjust to our culture. We started this mentoring program to support them through the on-boarding process of understanding how we do business," Dukes says.

Saturday, May 16, 2009

Girl Power: Rachel Alexandra Wins the Preakness


Go baby, go and she did! Rachel Alexandra wins the Preakness 2009! It is the first time a female horse has become champion in 85 years!

Read about the picks here but you'll have to wait for more news! Congratulations to all who put their trust, support and love behind her!

Just added: 5/17/09 ... Filly Rachel Alexandra Wins Preakness, First Female Champion in 85 Years.

Photo top -- Jockey Calvin Borel, right, gestures after riding Rachel Alexandra to victory in the 134th running of the Preakness Stakes (credit AP).

Photo bottom -- Rachel doing what she likes to do best, run.

Read the article I wrote six years ago entitled, "8 Lessons for Businesswomen Racing to Build a New World," which covers how real business learning can come from horses.

Designing Young Women Are Big Shots These Days

Find out how animal spirits (instincts) can turn into a viable business by capturing Kay S. Hymowitz's elaborately written article, "Portrait of the Artist as a Young Businesswoman," for the City Journal, April 2009.

Here's an excerpt:
It’s no coincidence that these designers are all female. The design economy has been a boon for women. In the 1960s, says Eric Baker, graphic design was a closed fraternity; there were few women in art departments or design studios, just as there were few in law offices or on factory floors. Today, by contrast, women constitute 60 percent of design-school students, and design studios are full of them. (The technology-based areas of Big Design are still largely male, however.) It may be that the design sector suits women particularly well. As the management maven Tom Peters notes, “Women buy most stuff, hence women should design most stuff.” Plus, as Daniel Pink points out in A Whole New Mind: Why Right-Brainers Will Rule the World, some recent neuroscience suggests that women may be stronger on a range of right-brain talents—empathy, emotion, and sensitivity to beauty—that serve them well in the design economy.

Because designers tend to be independent-minded, they gravitate toward entrepreneurship, as do women these days. According to the Labor Department Occupational Outlook Handbook for this year, 25 percent of graphic designers are self-employed, as are 30 percent of industrial or commercial designers. There’s no way to know what proportion are women, but it’s a good guess that it’s high. The Center for Women’s Business Research finds that nearly half of all U.S. businesses are female-owned; women start ventures at twice the rate of men. On the website Etsy, a kind of eBay for indie craftspeople to hawk their wares, 95 percent of the 185,000 artists are women, with an average age of 33. True, they’re primarily stay-at-home moms and college students looking to supplement their income rather than make a full-time living, but some of those 185,000 will become the next Sarah Cihats and Jill Maleks.

What are Big Design’s future prospects? ...
Note: Design pictured above is that of Sarah Cihat.

Wednesday, May 13, 2009

Give Her Reins To Portfolio and You Both End Up Wealthier; We Suspect Suze Orman Would Agree

I applaud Jason Zweig on writing "For Mother's Day, Give Her Reins to the Portfolio" for The Wall Street Journal. Here's his strong lead and he doesn't let up throughout the commentary:
Fess up, fellows: The masters of the universe have turned out to be masters of disaster. No matter which aspect of the financial crisis you consider, there is a man behind it.

So, it is worth pointing out, this Mother's Day weekend, how different things might be if the financial world were female.
Read the entire spread here. And many thanks to Jason for having the courage to tell it like it is!

Pictured: Suze Orman who always encourages women to take control of their finances :-)!

Sunday, May 10, 2009

Accidental Feminist

Megan Basham, author of both "Beside Every Successful Man: Getting the Life You Want by Helping Your Husband Get Ahead," and "Beside Every Successful Man: A Woman's Guide to Having It All," writes a very intriguing opinion piece for The Wall Street Journal (5/8/09) entitled, "What a Mom Wants."

When I caught this part ...
Ms. Hemmert admits that she sees her own parental job as something separate and different from her husband's, and she not only resents him for usurping her role but has lost some respect for him. "I'm a woman, and I want to be a mother first," she states simply.
... I could not help but think to myself, "I'm a woman, and I want to be my own person first."

Let us know what you think of the commentary. Here is a listing of some of the resources mentioned in the article but not specifically identified that supports Ms. Basham's thinking:
Happy Mother's Day to Moms worldwide!

Thursday, May 07, 2009

U.S. $8 Billion and Growing: Wal-Mart's Spend Push For Women-Owned Businesses

Listen up all you women entrepreneurs and business owners! Did you know that Wal-Mart has increased its focus on making sure the company is working with diverse suppliers -- like you?

Through their work over the last year, they’ve seen a 25 percent increase in spending totals with minority and women-owned businesses!

See for yourself:

2008 Totals
  • 2008 Direct Spend: more than $6 billion
  • 2008 2nd Tier Spend: more than $2.1 billion
  • 2008 Total: more than $8.1 billion
2007 Totals
  • 2007 Direct Spend: $4.8 billion
  • 2007 2nd Tier Spend: more than $1.4 billion
  • 2007 Total: more than $6.2 billion
Impressed? You should be. Find out how you can be a part of this BIG spend, here.

Monday, May 04, 2009

What Matters In Raising Capital?

Venture catalyst Springboard Enterprises (dedicated to accelerating women's access to equity markets) joins forces with NASDAQ OMX and Capital One Bank to present Equity Matters: The Route to NASDAQ seminar series that will employ the expertise of successful entrepreneurs, lenders and investors, to give attendees inside information about what is involved in raising capital to grow their business, what lenders and investors look for in a business investment, and what resources are available in the community to assist businesses in preparing for, securing and utilizing appropriate sources of financing.

To register for the upcoming Wharton San Francisco event (5/21), go here.

Tuesday, April 28, 2009

News on Women Rocks!

We've reported before about News on Women but wish to feature them again (in case you missed our first post) because founder Alice Krause just keeps on rock'n with her updates on women in business, jobs, women entrepreneurs and women in the news. Her blog is the best in its category.

Check it out here.

Thanks Alice for all you do to highlight so many up and coming women. This one's for you! Keep up the excellent work.

Sunday, April 26, 2009

Women No Longer Stay Home and Bake Chocolate Chip Cookies



By 2010, women
will control 60% of wealth
in the United States.

According to Martha Keates, Senior Consultant, Marts & Lundy, by 2010, women will control 60 percent of wealth in the United States. She goes on to say:
That American women are gaining economic power is a well documented trend: in 2005, women constituted more than 46% of the nation's top wealth-holders, with their share of assets growing by 50% over the last decade to more than $6.3 trillion. By 2010, women will control 60% of wealth in the United States. Women start more than 400 new businesses each day, twice the rate as men. Add to this the tide of wealth being conferred through the intergenerational wealth transfer (and the undisputed fact that women live longer than men) and, to paraphrase Senator Dirksen, pretty soon you're talking about real money.
Read more at "It's Not Your Mother's Bake Sale."

Thursday, April 23, 2009

Tuesday, April 21, 2009

Women Living Well

The Partnership for Women's Mental Health presents "Women Living Well," a quarterly series dedicated to women's mental wellness.

Inaugural Session: "Financial Wellness"

Description: Handling the financial and emotional aspects of life in a down economy.

When: Saturday, April 25, 2009 from 10:30 a.m. - 12:00 noon

Where: Schaumburg Public Library
130 S. Roselle Road, Schaumburg, Illinois, 60193

Presenters: Nancy McDonald, Harper College Women's Program, Information Specialist and Lori Aitken, Therapist, Alexian Brothers Center for Mental Health

Free admission! Join the group for information, coffee and treats!

Call 847-385-7309 for more information or email marovichr(at)alexian.net

Sunday, April 19, 2009

Create Your Own Job; Start a Business

Can't find a job? Do what teens are doing: Create your own job; start a business!

As published (an excerpt from the article "Cupcakes and Cattle Breeding: Teens Turn to Summer Start-Ups") in The Wall Street Journal April 15, 2009:
And Marlo Adelle Greta, 17, will be running GirlyWhirls.com, a barrette-making business, from her Austin, Texas, home. She regards starting a business as "a lot easier than having to go find a job," she says. "I make my own decisions, and the harder I work, the more money I can make. That's a cool thought -- it's all up to me."
And here's what some of the parents are saying in reaction to their kids starting businesses:
"'I'm not sure I want my child to walk that path (Laurel here .. the path of working for a big company). I want my child to be in charge of his or her own destiny.' "
Don't you just love it?

Thursday, April 16, 2009

Playboy CEO Escapes Corporate America

In case you have been living in a cave, Christie Hefner (pictured) is ending her 20-year tenure as chief executive of Chicago’s (my home town) Playboy Enterprises to pursue work in public-service and non-profit ventures.

I waited this long to announce because I wanted to see if Christie will start her own business. It sure looks like she is finally pursuing her dream; I found out by email last week:
Greetings! As of today (4/8/09), my new contact information is as follows:

Christie Hefner
C.A.H., LLC (Laurel here ... no web site as yet)
628 N. State Street
2nd floor
Chicago, IL 60610
Phone: 312 624 9645
Fax: 312 624 9654
Assistant: Deb Parry
Phone: 312 624 9646

Sincerely,
Christie
Read more about her departure from Playboy at:

Christie Hefner talks to the Tribune about leaving Playboy


Christie Hefner to Depart Playboy

Edgar Online: Playboy Enterprises Inc (PLA) - 10-K - 3/13/2009

I checked Network Solutions and noticed that she has not reserved the domain names CAH.com or CAHllc.com.

Monday, April 13, 2009

Could You Be The Next Chic Entrepreneur?

Chic of the Week is founded by Elizabeth Gordon author of, "The Chic Entrepreneur: Put Your Business in Higher Heels" as a way to get more women in business to highlight and share their success. Winners are selected on the basis of strategy, savvy, style and success.
Gordon says the current business landscape is ripe for female entrepreneurs. Historically women have been underrepresented in the ranks of entrepreneurs - but that is rapidly changing as recent years have seen women starting new businesses at twice the rate of men. Even the most male dominated industries are slowly wising up to the fact that they need women in business for that all important female perspective.

"Women make great business owners- they are highly creative, terrific problem solvers and amazing at juggling multiple priorities, making them ideal in a startup situation. The skills required to run a household are remarkably transferable to the role of small business owner," Gordon says. She adds that female intuition, women's relationship building skills and their creativity and nurturing nature give them a distinct style and an added advantage in many business arenas.
Could the next Chic Entrepreneur be you?

Find out more here.

Friday, April 10, 2009

Not a Feminist But Most Certainly An Entrepreneur

She doesn't call herself a feminist but the former Supreme Court justice Sandra Day O'Connor (pictured above) is now, at the young age of 78, most certainly an entrepreneur (see new Web site Ourcourts.org).

Read Questions for Sandra Day O'Connor Case Closed -- Interview NYTimes.com where she talks about the need for an independent judiciary, why she doesn't call herself a feminist and why she wanted a woman to replace her on the bench.

Good stuff. Exceptionally smart woman.

Tuesday, April 07, 2009

Glass Ceiling Sends More Women Into Business Ownership

Small business is in for a big change and it involves women who are saying "yes" to entrepreneurship. As a group, the people who go into entrepreneurship are different from those who did so a generation ago.
A new breed of entrepreneurs will emerge. Entrepreneurs will no longer come predominantly from the middle of the age spectrum, but instead from the edges. People nearing retirement and their children just entering the job market will become the most entrepreneurial generation ever.

Entrepreneurship will reflect an upswing in the number of women. The glass ceiling that still limits the career paths of women in larger companies will send more women to the small business sector. Locally, some of our most dynamic and noteworthy businesses are run by women, founded by women, owned or co-owned by women, or some mix of the above.
The Intuit Corporation and the Institute for the Future recently released a very interesting study (which includes above findings) on small business designed to identify, analyze, and forecast the significant trends and forces impacting small business over the next decade. Read more about it here.

And if you are a female entrepreneur, check out the Women's Entrepreneurship Institute conference at the Wharfinger on April 24.