News of Interest: Intuit Future of Small Business Report

Tomorrow's successful small business owners will be far more reliant on technology than their current counterparts. They'll be more connected in a mobile world, market to customers in ways only imagined today and blur the lines between the virtual and physical worlds as the hype surrounding today's technology becomes tomorrow's reality.

That's the vision of small business in the year 2017 as described in the second installment of the groundbreaking Intuit Future of Small Business Report™, a unique three-part study that looks ahead 10 years and examines the prospects, influences and profiles of small business.

The latest installment, sponsored by Intuit Inc. and authored by the Institute for the Future, (very fascinating I might add) was just released. It focuses on how technology will propel and transform the small business sector. The first installment, released in January, explored the changing face of entrepreneurship, the rise of personal businesses and the emergence of entrepreneurship education. The third installment, to be released later this year, will examine how small businesses will affect society and the economy through 2017.

Read more here and download the incredible study here.

News of Interest: Two WPO Chicago Members Win BIG Awards

Two WPO Chicago members are award winners:

1. INNOVATE Illinois 2007, third annual small business challenge, to recognize and assist some of the most innovative small companies that are contributing to our expanding economy. Thirteen winners were selected from approximately 100 companies who originally submitted applications and business plans from the Northern, Chicagoland, Central and Southern regions of the state. Finalists will now participate in an [intensive six-month program where they will have access to a variety of essential resources and expertise, including a $10,000 grant, to continue to grow their businesses. INNOVATE Illinois is funded by Gov. Blagojevich’s Opportunity Returns economic development program. And one of our Chicago downtown I chapter members is among the winners!

2. Women-owned businesses represent the fastest growing segment of the U.S. economy, yet many of them are under-funded and not performing to their full potential. It is not for a lack of vision, stamina or hard work on the part of their owners, who often do not have the support they need to get to the next level. The ATHENAPowerLink program is here to help. The ATHENAPowerLink is a mentoring program that connects a woman business owner with an advisory panel for a 12-month period. And one of our Chicago downtown II chapter members just won the ATHENAPowerLink award for 2007!

Congratulations to both Chicago members! We are very proud of you.

[Due to our member confidentiality policy, we do not mention specific names.]

Blog of Interest: Leaders In The Know

A fellow WPO member, Anne Pauker Kreitzberg, has started a blog, Leaders In the Know: Reinventing the Practice of Leadership. Anne, who is a New Jersey chapter member, encourages all WPO members (and prospects!) to participate as a guest author, share links to informative content, post comments, and maybe even begin your own blog!

Event of Interest: WPO Chicago Summit (8/9)

Please join us for our "4th Annual WPO Chicago Summit and No-Host Dinner" on Thursday, August 9 from 11:00 a.m - 9:00 p.m. at the IBM Innovation Center. The purpose of the Summit is to learn, grow and celebrate (10-year anniversary) together!

Our special guest speaker will be Cindy Solomon who rocked our world with so many insights at our recent WPO 10th Anniversary Conference in Scottsdale, AZ, that we decided to have her speak again at our private event which brings together WPO members from all three Chicago chapters.

To attend, you must be a WPO Chicago member in good standing. For further information or to register, please contact Laurel Delaney at 773-381-1700 or email her at ldelaney@globetrade.com. You need a special password to access our WPO Chicago Wiki where registration takes place.

Interview of Interest: Two of the Luckiest Guys on the Planet ...

... because they found what they love to do.

What's this? Talking up men on the Women Presidents' Organization Chicago blog? You bet. In case you missed it, this weekend (6/2) the WSJ ran a great interview with Steve Jobs and Bill Gates about how they paved the way for the personal computer revolution. Here's the question that was asked by the audience that I learned the most from:

You approached the same opportunity so very differently. What did you learn about running your own business that you wished you had thought of sooner or thought of first by watching the other guy?

Mr. Gates: I'd give a lot to have Steve's taste -- in terms of intuitive taste, both for people and products. We sat in Mac product reviews where there were questions about software choices, how things would be done, that I viewed as an engineering question -- that's just how my my mind works. And I'd see Steve make the decision based on a sense of people and product that is even hard for me to explain. The way he does things is just different, and I think it's magical.

Mr. Jobs: Because Woz and I started the company based on doing the whole banana, we weren't so good at partnering with people. And, you know, actually, the funny thing is, Microsoft's one of the few companies we were able to partner with that actually worked for both companies. And we weren't so good at that, where Bill and Microsoft were really good at it because they didn't make the whole thing in the early days, and they learned how to partner with people really well.

And I think if Apple could have had a little more of that in its DNA, it would have served it extremely well. And I don't think Apple learned that until a few decades later.

In looking back, what do you wish that you would have thought of sooner and taken action on? Do you feel like the luckiest gal on the planet?

Read more here including another interview, a podcast, other blog entries and transcripts from their talk.

Shortcut: Straight to The Wall Street Journal's D: All Things Digital executive conference.