Sunday, June 30, 2019

Podcasts for Female Entrepreneurs

Happy Sunday everyone!  As you kick back, soak in the sun or drive to your best secluded getaway, give these podcasts a listen.  ForbesWomen contributor Bianca Barratt says:
Podcasts, in my [Bianca Barratt's] opinion, remain one of the greatest resources for entrepreneurs, offering mentorship, guidance and expertise from successful businesswomen for free.
Learn more about some really good podcasts for female entrepreneurs.

Photo by Juja Han on Unsplash.

Sunday, June 23, 2019

Follow Your Heart on Innovation

Here's an article I wrote for Thrive Global, "Creating a Culture of Innovation:  Learning From the Best."  It's about following your heart and intuition on matters of innovation.  When you run a business, you must think about innovation!

In the article I focus on three people:  Walt Disney, Samuel Palmisano and Steve Jobs.  A snippet from Walt Disney:
Lesson: To create a culture of innovation, be straightforward. Listen. Simplify. Do things. Build things. Get something going.
Sound familiar?  Read the article here.

Photo by Taylor Rogers on Unsplash.

Saturday, June 15, 2019

Grit is a Mindset for Women Entrepreneurs

Natalie James is a wife, mom of three, entrepreneur, owner and CEO of Toronto’s exclusive blow dry bar — Vent Blow Dry Bar. She believes grit – courage and resolve; strength of character – is a learned behavior.

“To develop grit, look to others who have demonstrated their ability to persevere through hardship and learn from them”


She goes on to say, "Ask them how to stay positive when faced with hardship or how to maintain focus when faced with distractions?"

Life is all about learning and growing.  Find out for yourself what else Natalie has to say

Photo by Sammie Vasquez on Unsplash.

Saturday, June 08, 2019

Women Entrepreneurs Shape Our Economy Yet Face Challenges As they Persist

Traditionally entrepreneurs have been viewed as innovators who come up with new ideas for the markets, products and various techniques. They have the capability to shape the economy by creating new wealth and jobs and inventing new products and services.

In the case of women entrepreneurs, they are no longer viewed as traditional resources confined to the household, however, despite being educated, knowledgeable and capable of contributing towards transforming economies, women face fundamental challenges trying to enter the entrepreneurial sector.  This is particularly true in India.

Read more about the fundamental challenges women entrepreneurs face and how to overcome them.

Photo courtesy CoWomen on Unsplash

Saturday, June 01, 2019

Women Entrepreneurs Whose Smarts Are Rattling Industries Worldwide

The Female Founders 100 are the entrepreneurs Inc. has been most intrigued by in the past year, whose smarts are rattling industries far and wide.  They are scientists, creatives, MBAs, data-nerds, and visionaries. For some, it's the first time they've ever started a company. Others have been at this for decades.

Explore when time permits.  How about now?

Saturday, May 18, 2019

Pay Yourself What You are Worth

As more and more women take the leap from Corporate America to starting their own businesses, one of the key factors to ensure the leap goes well is to focus on having confidence.  Many women doubt themselves and their abilities.  Sometimes it just takes a couple of good pals around you to say "you can do it!" The next thing you know, you you can!

Another challenge for women who start businesses is determining what you should be paid.  Don't skimp.  If the money is there, take it, do good work, and be proud.  Here's what a SCORE volunteer mentor says:  
Simply put, women need to be paid what they are worth. A lot of times women feel like that they can’t charge enough. However, in order to be successful in business and remain profitable, a shift in thinking — and a boost in confidence — is necessary.
Read more about what is available to women-owned businesses and what is necessary to succeed in business ownership.

Photo courtesy:  Hust Wilson on Unsplash

Saturday, May 11, 2019

Women Leaders Tend to Collaborate Better than Men

Thanks to a new study conducted by Richard Devine, Gonzalo Molina-Sieiro, Michael Holmes and Siri Terjesen, we now have data that shows women-led businesses, in certain scenarios, do indeed perform better than those run by men.

In the research, the authors started by comparing how female-led companies performed in terms of employee growth versus those helmed by men.

The point of the study is not to show that female-led companies – high growth or not – perform better than men.
Rather, our [the author's] research suggests that women do bring valuable and unique skills and experience to the table that can make a significant difference to business success. Yet, given so few companies are run by women, their skills and experiences are not fully utilized.
Learn more about how women leaders tend to collaborate better than men.

Read the study:  Female-Led High-Growth:  Examining the Role of Human and Financial Resource Management

Photo courtesy:  CoWomen on Unsplash

Saturday, May 04, 2019

Surround Yourself With People Who Believe in You

Ever have a bad day?  Oh come on, who hasn't?  The important part of being faced with difficult, complicated and high-stake situations as a female entrepreneur is having the ability to face them, head on—and with strength and confidence.  Below, six brave leaders reveal the tumultuous points of their companies and how they were able to handle them and move forward.

One entrepreneur shared the following:
“Surround yourself with people who believe in you, because there will be so many times when you don’t believe in yourself.  Most of us have never started a company before, and most of us don’t come from a background where our parents can bankroll us until we figure it out,” she [co-founder  of Hu Kitchen, Jessica Karp] continued.
Read the article on how women dealt with the worst and came out stronger on the other side.

Photo courtesy Katrina on Unsplash.

Sunday, April 28, 2019

Has the #MeToo Event Changed the Way You Run Your Business?

How have you changed the way you run your business since the #MeToo event?
It’s been more than a year and a half since the #MeToo hashtag took off on Twitter, and the movement that activist Tarana Burke started in 2006 became an unavoidable part of the national conversation. Since then, discussions around workplace sexual assault and harassment are being heard in a way they weren’t before. 
Many female entrepreneurs are taking the #MeToo seriously -- definitely not sweeping it under the rug.  Here's what 5 women entrepreneurs are doing and what you can do too to keep the #MeToo issue front and center as you run your business.

Saturday, April 20, 2019

After You Work for a Genius, Can You Go Off On Your Own?

Marilyn Van Alstyne (pictured) left working for P. Diddy and started her own business, EMVE Management.  Here's how her thinking went.
“After realizing that I worked alongside Puff for 20 years, I started to think to myself, if I worked for a genius and he has built all of this, what can I build on my own?” After long days of self-reflection, Van Alstyne did what millions of people yearn to find the courage to do: She quit her job.
Keep in mind that Marilyn started working for P. Diddy as an intern and felt she had landed her dream internship.
While still in high school, Van Alstyne traveled 1.5 hours each way to the Combs Office in Manhattan. Back then Uber did not exist, and taxi cabs didn’t come to her neighborhood, so she did what needed to be done.  While only being compensated with two tokens and $5 a day, Van Alstyne dedicated her life to being one of the most reliable and respected women at Combs Enterprises.
She did it all:  answered phones, reconciled accounts, everything to grow a business.  After 4 years, she became an employee. The rest is history.  Did she have doubts before she left?  You bet.
“For a while, I’d ask myself, what if I do not make it? Now that there is no Bad Boy or Puff to lean on, can I do this on my own?” pondered Van Alstyne. 
Read more to learn what happened with Marilyn and how she shares her top 3 money lessons.

Saturday, April 13, 2019

Is Being Called a Female Entrepreneur a Label?

Being an entrepreneur is hard -- male or female.

Business owner Susan Guillory (pictured) says:
People like to create two categories for business owners: entrepreneurs and female entrepreneurs. I have never understood why the two have to be separated. 
What about you?  Do you think there is or should be a distinction between male and female entrepreneurs?  Do you find that being called a female entrepreneur is a label?

To brush up, read an old EFCA blog post (9/14/07), "Are Male and Female Entrepreneurs Really That Different?"

Read on to learn additional thoughts from Guillory on this topic, including, how to come up with your own unique style.

Saturday, April 06, 2019

Becoming Billionaires

The infographic featured in the article below shows how far women can reach with hard work and perseverance. Highlighting their accomplishments is especially important so it can inspire young girls to go after anything they put their minds to.

Read more about women becoming billionaires.

Saturday, March 30, 2019

The Truth About Women in International Trade

There are more than 163 million women entrepreneurs worldwide yet many of them are not global.  Why is that?  That is a question I asked myself many years ago and it troubled me so long that I decided to do something about it.

First, I started exporting products on my own and then, I launched wegg®.  That's when I discovered the real power and strength of taking a business global -- and  learned that women can do it just as easily as men.

Learn more about women in international trade and the birth of wegg®.

Photo courtesy:  CoWomen on Unsplash

Saturday, March 23, 2019

The Journey for Women Entrepreneurs Is Challenging

The journey for women entrepreneurs is challenging and requires strength, grit and perseverance.  If it were easy, all women would be starting businesses.  The SBA knows this and wants to put the wind behind the sails of all women who aspire to take an idea and launch a business.  They work at leveling the playing field for women.

SBA says that knowing the right people can make a world of a difference.
We want to do everything we can to connect women entrepreneurs with the right people so they can spend less time trying to get a seat at the table and more time growing their business.
Learn more about the journey for women entrepreneurs.

Photo courtesy:  Andrew Nael on Unsplash

Saturday, March 16, 2019

Smile and Have Fun on St. Patrick's Day

©2019 Laurel J. Delaney.  All rights reserved.
As an entrepreneur and business owner, don't take yourself too seriously.  Remember to smile and have fun, especially on St. Patrick's Day.

Saturday, March 09, 2019

Women-Owned Businesses Are the Growth Engine for the U.S. Economy

Happy day-after International Women's Day!  I hope you celebrated the successes of women entrepreneurs all over the world.

Women-owned businesses continue to be a growth engine for the U.S. economy.  The number of women-owned businesses that applied for funding in 2018 increased by 13 percent, according to an annual study of women-owned companies by Biz2Credit, a leading online credit marketplace for small companies.
But it revealed that loans for women entrepreneurs where nearly one third less than for their male counterparts.
The study also revealed that the average loan amount for women-owned companies was $48,341 last year. The most common type of funding was working capital for business expansion.

Learn more how the lending gap narrows for women business owners, but it's still 31% less than for men.

Photo by Suhyeon Choi on Unsplash.

Saturday, March 02, 2019

Experience and Wisdom Matters When Starting a Business

There is no deadline for success, period. As the the Fast Company article says:
For some entrepreneurs, figuring out their ideal industry and starting their own gig didn’t happen until they had already blown out 40 (or more) candles on their birthday cake.
Yes, entrepreneurship can happen at any time.  Tune in to these 3 dynamic women entrepreneurs who launched their businesses after 40 to hear their stories.  Don't wait.  Be inspired.

Photo by rawpixel for Unsplash

Saturday, February 23, 2019

Saturday, February 16, 2019

Women Run the World

I don't care what this article below says; women still and will continue to run the world.  We have our challenges but we know how to overcome them and excel.  Lindsay Tigar, at Fast Company, may not agree with my lead statement but she at least believes the following:
But gradually and strategically—women, if you pay attention to statistics. Over the past two decades, the number of women-owned businesses has grown 114%, compared to the 44% national growth rate for all new companies. As more women venture into entrepreneurship, they will tackle the laundry list of gaps women are continuing to change.
Heck, even the great management guru Tom Peters knows that women rule.

But back to Lindsay.  Read her article on 8 predictions for the state of women entrepreneurship this year.