Monday, December 15, 2014

Article of Interest: Be Ready to Hire More Staff

As 2015 comes rolling in, do you have enough staff to prepare for future growth?  There is a general consensus that 2015 will be a good year for business.  Now is as good a time as any to assess what's happening at your business and determine whether you need to hire a few good people to get client projects done.
Business leaders need to weigh the decision of hiring very carefully, though. Right now, it may be better for your business to bring new workers in on an evaluation hire, allowing you to see if they are fit for the team before hiring them permanently.
If the timing is right, go for it.  Hire fresh new talent.  You want to be poised for success in 2015!

Read more:  Be ready to hire more staff

Photo Credit: le temple du chemisier

Monday, December 08, 2014

Article of Interest: Do Women-Run Businesses Make More Money?

A global survey from French bank BNP Paribas and consultancy firm Scorpio Partnership found that women might not own as many businesses as men do. But it seems that their businesses tend to be more successful.  Further, U.S. Businesses run by men are 3.5 times more likely to cross the $1 million threshold then businesses run by women, a 2014 study (PDF) by Ernst & Young concluded.

Read the entire article:  Women-Run Businesses Make More Money -- Or Do They?

Screenshot courtesy:  The Scale-up Agenda - Ernst & Young

Monday, December 01, 2014

News of Interest: Women-Led Companies Confident and Thriving

According to a new study by our very own non-profit, peer advisory group, the Women Presidents’ Organization (WPO), companies led by women are highly confident in the economy, and the positions of their businesses.  The results show that they’re performing well, even outpacing the U.S. national average.  The 2014 Business Outlook Survey was sponsored by KeyBank’s Key4Women program.

Read the entire article:  Women-Led Companies Confident & Thriving, But Need Access to Capital

Photo Credit: ttnk 

Monday, November 24, 2014

Article of Interest: What Are the Reasons For Gender Disparity?

Is there a gap between what men make versus what women make when running a business?  According to a 2014 report by Ernst & Young, there sure is.
Male-run businesses are 3.5 times more likely to surpass $1 million in sales than their female-run counterparts and only 2% of women-owned companies ever break the million-dollar mark, according to a 2014 report by Ernst & Young. "Women start businesses at nearly twice the rate of men, but far fewer of them actually scale," says Kerrie MacPherson, a partner principal at Ernst & Young.
What are the reasons for gender disparity?

Read:  Why More Women-Run Businesses Aren't Making Millions

Screenshot courtesy:  EY

Monday, November 10, 2014

News of Interest: Women of Color Achievement Awards 2014 (St. Louis)

100 Black Men of Metropolitan St. Louis, in partnership with the Women Presidents’ Organization, announce the recipients of this year’s Women of Color Achievement Awards.

A total of 11 women from the St. Louis area will be honored at the 2014 Women of Color Achievement Awards reception, sponsored by IBM and UPS. The event will take place on November 13th from 6:00 – 8:00 p.m. at the Norwood Hills Country Club.  All award recipients were identified by the 100 in conjunction with local chapters of the WPO.

To learn more and to find out the 11 women who will be honored, visit:

100 BLACK MEN OF METROPOLITAN ST. LOUIS PARTNER WITH IBM, UPS AND THE WOMEN PRESIDENTS’ ORGANIZATION TO HONOR LOCAL ENTREPRENEURS AND BUSINESS LEADERS 

Congrats to all the award winners!

Screenshots courtesy:  100 Black Men  St. Louis and Women Presidents' Organization

Monday, November 03, 2014

Article of Interest: More Women Starting Businesses

According to American Express OPEN’s 2014 State of Women-Owned Businesses Report, nearly 9.1 million women-owned businesses currently operate in the United States, generating over $1.4 trillion in revenues and employing nearly 7.9 million people.  Women are launching 1,200 new businesses a day.
The report also found that between 1997 and 2014, the number of women-owned businesses increased by 68 percent, 1½ times the national average rate of 47 percent.
Learn more:  Upward trend in women-owned small businesses

Screenshot courtesy: American Express OPEN Forum