Saturday, September 26, 2009

Article of Interest: How Great Companies Achieve Double-Digit Growth

"5 Actions for Double-Digit Business Growth" was written for the Idea Hub: American Express OPEN Forum. See if it's helpful in taking your business to the next level.

Snippet of one action:
Hold on to your hats — I mean customers! If you can’t do that, you are in denial! “One of the easiest ways to improve growth is to slow the loss of your existing customers,” says Treacy. Losing customers left and right? Then figure out why and change course.
Read the entire article here.

Saturday, September 19, 2009

News of Interest: Annual Economic Survey by the Women Presidents' Organization

According to the annual economic survey by the Women Presidents’ Organization (WPO), the premier peer advisory organization for women entrepreneurs, WPO membership indicate 55% of women presidents and CEOs of multi-million dollar companies have maintained or grown their employee base.

Bottom line: Women presidents have shown they can adjust to the changing economic climate.

Other Key Findings:

Relative to 2008, regarding financial performance in 2009

• 31% of companies have grown
• 21% are stable and have neutral performance

Optimism for 2010

• 82% are optimistic about business performance in 2010

Environmental Sustainability

• 54% have made their business environmentally friendly
• 35% are interested in making their business environmentally friendly

Greatest threat to the bottom line and factors affecting business

• Economic Conditions
• Customer retention
• Competition
• Human Resources


• 55% plan to increase number of employees or keep the same amount
• 53% have kept employee salaries the same; 15% have increased employee salaries

Future Role

• 44% will continue full-time management
• 20% plan hands-off oversight, with presence in the office 1-3 days per week


• 61% Believe their business has grown since joining
• 65% Believe the WPO has contributed to economic success
• 81% Believe the WPO helps manage business concerns in the current economic climate
“These statistics are evidence of the versatility and strength of companies owned by women entrepreneurs in the face of adversity,” said Marsha Firestone Ph.D. president and founder of the WPO. “Our survey indicates that WPO members have found ways to adapt to the changing economic climate. To succeed as a small business is tougher than ever, yet 56% have indicated that their businesses are growing or stable in 2009. I sincerely believe that the members of the WPO are models of perseverance of small businesses globally.”
Additional references:

Woman-Owned Businesses Retaining Their Employees in Tough Economy, The Institute for Economic Empowerment for Women

Women-Owned Businesses Retain Employees in Tough Economy | EHS Today

Women-Owned Businesses Retaining Their Employees in Tough Economy
| Forbes

Saturday, September 12, 2009

Event: WBDC Chicago Annual Conference 9/16

The Women Presidents' Organization will be exhibiting at the upcoming Women's Business Development Center Chicago 23nd Annual Entrepreneurial Woman's Conference where we have been a longstanding partner for many years.

Several WPO Chicago members plan to attend to network, learn and share best practices on how to continue down the path of double-digit business growth.

We are also fortunate to have Susan Diamond, Chief Learning Officer and Vice President of Facilitation from our New York headquarter office attending -- so be sure to stop by our Booth No. 616 to say "hello" and to learn more about our organization.

Look forward to seeing you!

Saturday, September 05, 2009

Article of Interest: TweetChats

Birds of a feather flock together and all of us at the Women Presidents' Organization (WPO) definitely need to Twitter away together (Twitter WPO at with a TweetChat, a short-term hyperfocus for your Tweets.

Here's how it works.

We'll be giving this a try soon. The challenge is to say everything you want to say in less than 140 characters!

How can you use it to grow your business? Easy. Have a chat to get ideas about the look and feel of a new product idea, whether you should expand into a new market or change the color of your logo to update it. Online conversations with your key influencers matter.

Related posts:

TweetChats -- The Cool New Way to Network and Learn on Twitter

Internet Business 101: What are tweetchats?

What's a TweetChat?