Monday, May 23, 2016

A Q&A with Christina Ochs, President of Corporation for Interest Rate Management

Our very own WPO Chicago member Christina Ochs (pictured), President of Corporation for Interest Rate Management (CIRM), a Chicago-based advisory company, is interviewed by Real Estate Finance and Investment (REFI).
Ochs gives some excellent insight into the advisory company’s business of working with real estate developers and corporate borrowers to mitigate interest rate risk since 1981 and explains how it functions as an extension of its clients’ treasurer or chief financial officer functions. 
Read:  Q&A:  Christina Ochs, Corporation for Interest Rate Management (requires free trial registration)

Monday, May 16, 2016

Do You Assign More Tasks to More Competent Employees?

According to The Atlantic's, "Being a Go-Getter Is No Fun," people do, in fact, assign more tasks to those they perceived as more competent.
In a survey, participants read statements about a fictional employee “Sam[Sally]”—different groups read different statements about Sam[Sally] indicating how much self-control he[she] had (self-control was used as a proxy for competence). When Sam[Sally] was presented as someone with great self-control, participants expected much more of Sam’s[Sally's] performance at his[her] manufacturing job. In a separate experiment, undergrads were asked to delegate essays for proofreading to other students with varying levels of self-control. Unsurprisingly those with more self-control ended up with more work assigned to them.
Read more:  Being a go-Getter Is No Fun -- The Atlantic

The lesson to learn from this article?  If someone is doing more than his or her fair share, compensate him or her for it. If not, he or she may ultimately leave and seek recognition elsewhere.

Monday, May 09, 2016

Tips On Starting and Growing a Business

Several hundred women who've launched their own businesses gathered at Manhattan's new One World Trade Center for the Women's Entrepreneur Festival, and co-founded six years ago by angel investor Joanne Wilson and NYU tech professor Nancy Heckinger.  The following are some of the best tips from the female entrepreneurs at the event.
  • Show people why the world needs your company. 
  • Know when to say no while growing your business. 
  • Sell people on your vision — but also on yourself. 
  • Flip your thinking about setbacks. 
  • Use copycats to your advantage. 
  • Use your passion to get through the hard times. 
Read the article:  6 Things Women Should Know About Starting a Business

Monday, April 25, 2016

Factors to Consider Before Starting a Business

According to SCORE, there are currently 9.1 million woman-owned small businesses employing 7.9 million people and generating $1.4 trillion in annual revenue.
From creating jobs to making capital investments and contributing to our local community, women entrepreneurs are an incredible force in today’s economy. As the number of women-owned businesses grows, there are more opportunities for women to succeed in business ventures today than ever before.
Before you start your business, answering the four questions outlined in the following article will make the process smoother, less stressful, and go a long way towards ensuring your business thrives.

Read more:  Four tips for women opening a small business

Monday, April 18, 2016

Women-Owned Businesses Thriving

According to the JournalStar.com, between 2007 and 2016, the number of women-owned firms nationwide increased 45 percent, compared to just a 9 percent increase among all businesses. Nebraska saw a 34.4 percent growth in women-owned firms over the past nine years, placing it 23rd among all states for growth in that area. Nebraska also saw a 12 percent growth in women-owned firm revenue between 2007 and 2016, placing it 46th among all states.

That's why Christy Nelson decided last year to start her own craft studio, one of the first places she looked was at her neighborhood’s business district just west of Union College. A consignment clothing shop had recently closed its doors, and though the retail space was larger than she needed, Nelson decided to consider it.

She opened her shop, Lincoln Craft Studio at 4720 Prescott Ave., in March, making her the newest addition to a business district that has largely become defined by the many female business owners who call it home -- the business district just west of Union College.

Read the entire article:  Enclave of women-owned businesses thriving in College View

Screenshot:  Megan Hasselbalch, owner of Paper Kite (photo credit:  Kristin Streff/Journal Star)

Monday, April 11, 2016

WPO 19th Annual Conference in Baltimore a Huge Success!

©2016 Laurel J. Delaney.  All rights reserved.
The WPO 19th Annual Conference in Baltimore 2016 was a huge success.  The above photo captures the closing ceremony acknowledging all the WPO staff on a stage.  Big thanks to everyone who worked so hard to make the WPO conference a winner, including Betty Hines and her chapter members!

Next year's conference will be held in Orlando, Florida May 4-6, 2017.  Mark your calendar now.