Monday, August 24, 2015

Share of Women-Owned Businesses Has Climbed

Fresh government data show the share of women-owned firms has climbed, even though the growth rate of all new businesses remains stalled.

According to preliminary U.S. Census Bureau data released last week, the total number of U.S. firms edged up 2% to 27.6 million between 2007 and 2012, but the number of women-owned firms grew much faster, rising 27% during that time.

Read more:  Women Make Strides in Business

Screenshot of Carla Harris, chair of the National Women’s Business Council, courtesy:  WSJ

Monday, August 17, 2015

Featuring One Of Our Own: Joanna Sobran of MXOTech

We love to see great media features on our very own WPO Chicago members!  In this case, Joanna Sobran, founder, owner, president and CEO of MXOtech, one of Chicago’s few woman-owned tech companies, is interviewed by reporter Sandra Guy.

Read more:  Chicago Sun-Times Sunday Sitdown with Joanna Sobran

Screenshot courtesy:  Chicago Sun-Times

Monday, August 10, 2015

It's About the Ability to Execute on the Idea

What's the winning formula for business success?  According to Jewel Burks (pictured), co-founder and CEO of Partpic, “It’s about the ability to execute on the idea.”

For example, in her case, she first spotted a need: Way back when, she managed customer service for a parts distributor and dealt with the calls from frustrated customers who had been sent the wrong part or couldn’t identify the part they needed because the product name or number was partially rubbed off.

The rest is history.  Partpic was born and now that the software is developed, Burks has filed patents.

Read more:  The Nuts and Bolts of Scaling a Company

Monday, July 27, 2015

How Do You Achieve Fast Revenue Growth With a Business?

Anjie Cayot, Laura Kelly, Cindy Rockwell and Chandler Cayot (Chandler not pictured) started Keyot, a hybrid name of Kelly and Cayot, in 2008.  Keyot was born in Kelly’s Woodbury basement with a mission to help businesses grow and innovate.
Kelly, 51, and Cayot, 46, joined by two female partners, were honored earlier this year for building one of the 50 fastest-growing women-owned businesses by the Women Presidents’ Organization. Keyot expects to gross about $19 million this year from the work of about 115 employees and consultants.
Find out how (and why) they got started and how they achieved such fast growth:  Keyot founder, former corporate warrior, sets independent course at female-owned firm

Monday, July 20, 2015

Green and Clean: Jelmar LLC

Becoming more environmentally friendly is an initiative Alison Gutterman (pictured), President and CEO of Skokie, Illinois-based Jelmar LLC, spearheaded in 2006 for her company.  You might recognize two of Jelmar's more famous brands:  Tarn-X Tarnish Remover and CLR brand of calcium, lime and rust remover.  Today nearly 70 percent of the company’s SKUs bear the Safer Choice label.  Ideally, Gutterman would like all Jelmar products to be green.

Read the entire article:  Green, clean dynasty:  Jelmar LLC

Screenshot courtesy:  Edward Lowe Foundation

Monday, July 13, 2015

To Grow, Sometimes You Just Need to Say No

A new survey found that while women small business owners claim to value work-life balance more than men, women are less likely than men to actually take steps to achieve that elusive goal.  One of the other big problems is learning how to say "no."

Capital One’s latest Spark Business Barometer polled small business owners about various aspects of their businesses, including how they define business success.

Learn more:  Study Reveals Female Business Owners Need to Set Boundaries