Monday, October 05, 2015

What is the Single Reason Companies Fall Apart?

Whether you’re a small business owner or running a large corporation, according to Stacia Pierce (pictured), CEO of Ultimate Lifestyle Enterprises, the single reason companies fall apart is they lose touch with their customers.

Read more:  The No. 1 Reason Companies Fall Apart

Monday, September 28, 2015

Women-Owned Firms Make Up Sizable Shares of Some Industries But Tend To Be Smaller Than Male-Owned Firms

Businesses Owned by Women, Minorities Lag in Share of Revenue
According to a Pew Research Center analysis of recently released data from the U.S. Census Bureau, women, blacks, Asians and Hispanics have built up substantial positions as business owners in several sectors of the U.S. economy.  But based on revenue, those businesses are on average considerably smaller than white- or male-owned firms.
Overall, men owned more than half of the nation’s 27.6 million firms in 2012, according to preliminary results from the Survey of Business Owners, and women owned more than 9.9 million businesses, about 36% of the total. The remaining 10% of firms were either jointly owned by men and women or could not be categorized by gender because they were publicly traded companies or have large, diverse ownership groups.
Read more:  Businesses owned by women, minorities lag in revenue share

Illustration credit:  Pew Research Center

Monday, September 21, 2015

Remember to Share Your Story

Successful entrepreneurs and business owners are busy doing what they do best:  building their businesses.  But how many of them share their stories on how they got to where they are in business so that they can help others succeed too (part of the WPO model)?

Read more:  Women on the move tell their stories

Monday, September 14, 2015

Are You Defining Performance by a Single Number?

According to David Rock and Beth Jones, a few years ago, they noticed around half a dozen courageous companies beginning experiments to remove ratings from their performance management systems.  Is your company one of them?  Companies were still differentiating performance in various ways, and still using a pay-for-performance approach, just not through a simple rating system.

Rather, companies prefer to emphasize ongoing, quality conversations between managers and their teams.

Learn more:  Why More and More Companies Are Ditching Performance Ratings

Monday, September 07, 2015

Is a RBF a Blessing or a Curse?

RBF (I'll let you find out what it stands for but let's just say it has to do with nonverbal cues, like facial expression, body language and tone), as a label, has become the latest Internet craze. A historical review of the term indicates it originated in 2009, but Google trends show Internet searches for the phrase took off in the spring of 2013. RBF has since become the subject of countless memes, often featuring celebrity examples. The hype reached new heights of controversy when it was written up in The New York Times on Aug. 1.

The question becomes:  As a business owner, is your RBF helping or hindering you?

Here's one woman's take:
At my [Rene Paulson] own company, I have worked hard to transform a negative into a positive, channeling my RBF to improve my leadership and strategic thinking skills while also building my tolerance to stress (all personality traits researchers at Caliper, a talent management company, have found endemic among high performing women).
Read more:  Women with "RBF" are actually better communicators

Monday, August 31, 2015

WBDC Chicago: Fueling Growth. Driving Change.

We hope to see you at the Women's Business Development Center Conference in Chicago on Wednesday,  September 2, 2015.  WPO's founder, Dr. Marsha Firestone, will be moderating a panel -- be sure to catch it.

Secrets Behind the Fastest Growing Women-Owned Businesses

Hear from three of 2015’s 50 Fastest Winners (sponsored by American Express Global Corporate Payments) share the strategies they used to develop their business into one of the fastest growing women-owned/led companies in North America. Participants will learn strategies to both grow their business and overcome the inevitable challenges that all business owners encounter on the road to success.

Moderator:  Marsha Firestone, Ph.D. Founder and President, Women Presidents’ Organization

  • Rebecca Thomley, CEO, Orion Associates
  • Michelle Vondrasek, President, Von Technologies
  • Cassandra Sanford, CEO, Kelly Mitchell Group, Inc.
WPO's Booth No. is 714.  Stop in for a visit.  We'd love to find out what your business needs are and how we might help you grow.

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