Monday, May 30, 2016

Philly Is Open to Women Business Owners

According to a new report published by Small Business Trends, Philadelphia is a top city for women entrepreneurs. Small Business Trends finds Philadelphia among the top cities for women entrepreneurs.
There are about 40,906 women-owned companies in Philadelphia, according to the report, primarily in health care, construction, technology and staffing services.
Learn more:  Philly is a top city for women entrepreneurs:  Small Business Trends Report  Are you based in Philly?  Consider WPO membership, for we have a chapter in Philadelphia.

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