Tuesday, December 19, 2006

Books of Interest: Recommended Reading on the Secrets of Success

It's becoming a rite of passage for retired or ousted chief executives to publish their memoirs, touting their leadership acumen and detailing their rise to the corner office. Here's a review of eight books that will challenge the way you think about leadership, risk-taking and self-knowledge -- and how those themes shape success and failure later in life.

What are you currently reading to clear your path for success?

Books That Analyze Secrets of Success

Friday, December 15, 2006

Article of Interest: Evaluating and Selecting a Strategic Partner

For effective strategic partner recruitment, the author recommends an eight-step plan, which includes identifying your target market, developing partner selection criteria, and developing an alliance plan with a selected partner.

Step One: Clearly define and validate your market.

Read more here.

Monday, December 11, 2006

Article of Interest: Gratitude At Work

Gratitude is not just a "feel good" emotion when it comes to organizational life. When an employee believes his or her superiors are grateful for his or her work, the employee will benefit by having an improved sense of worth to the organization. This improved sense of worth can lead to performance improvement, thereby benefiting the organization.

Hint: A person expressing gratitude benefits from that expression, which also may positively impact the organization. For instance, research has shown that persons who are genuinely grateful may be more optimistic, experience improved health, and perhaps even have extended life spans.

Gratefulness matters. Find out why here.

Thursday, December 07, 2006

Books of Interest: Best Business Books 2006

Taken as a whole, the Best Business Books of 2006, assembled into eleven categories by the folks at strategy+business (Booz Allen Hamilton Inc.), reflect the political, social, technological, and economic churn that is reshaping the way business is done. Find out why here and start reading. Requires brief registration but it's worth it.

Sneak peek at the "future" category:

Yochai Benkler,
The Wealth of Networks: How Social Production Transforms Markets and Freedom
(Yale University Press, 2006)

Henry Jenkins,
Convergence Culture: Where Old and New Media Collide
(New York University Press, 2006)

Robert Neuwirth,
Shadow Cities: A Billion Squatters, A New Urban World
(Routledge, 2005)

AnnaLee Saxenian,
The New Argonauts: Regional Advantage in a Global Economy
(Harvard University Press, 2006)

Tim Flannery,
The Weather Makers: How Man Is Changing the Climate and What It Means for Life on Earth
(Atlantic Monthly Press, 2005)

Monday, December 04, 2006

Sound Advice: Opinions Can Be Powerful Sales Tools

When online gardening retailer Burpee.com began asking customers to post reviews of the products they purchased, company management imagined it would take several months to collect enough reviews to help boost the site's business. But they reaped some positive results much sooner than they expected. Find out how here.

Opinions Can Be Powerful Sales Tools.

It only seems fitting to now ask you ... how we are doing? Take one-minute to let us know.

Thursday, November 30, 2006

Report of Interest: Ladies First

This is the first special report from SmartMoney.com on eleven successful women business owners, including Bobbi Brown (pictured) who offer advice to women looking to start a business. They highlight their accomplishments, while underscoring some of the obstacles they've faced. Their compelling stories offer all entrepreneurs inspiration and a road map to success.

Worth the read. Advice from some of America's most successful female entrepreneurs.

Wednesday, November 29, 2006

News: Marsha Firestone Finalist for E&Y Award

Marsha Firestone, Ph.D. (pictured), president of our Women Presidents’ Organization (WPO), was recognized as a national finalist for the Ernst & Young Entrepreneur of the Year 2006 awards in the Supporter of Entrepreneurship category. Marsha was among three finalists selected from approximately 300 regional award winners by an independent panel of judges.

She was cited for her work as president and founder of the WPO, which connects top women entrepreneurs at the million and multimillion-dollar level ($2 million in gross annual sales or $1 million for service-based business) for greater personal and professional success.

Read more here.

Monday, November 27, 2006

Survey of Interest: Small Biz Spirits High

Entrepreneurs are increasingly exuberant about the U.S. economy, according to a monthly survey released this morning from credit card outfit Discover, a unit of Morgan Stanley.

According to the survey, called the Discover Small Business Watch, owners' confidence in the economy rose for the fourth straight month (see results below). Because small businesses represent such a large chunk of the economy, their owners' sentiments can signal good or bad things to come.

To take entrepreneurs' collective pulse, Discover -- with the help of Rasmussen Reports -- polled 1,000 randomly selected small businesses, each with no more than five employees. The result is a confidence index, calculated by assigning weights to the answers to the following six consistent questions. In November, the index jumped ten points, to 130.

1. Are economic conditions for your business better or worse?

2. Have you had temporary cash flow problems in the last 90 days?

3. Next few months, will you be hiring more, laying off or no change?

4. How would you rate the economy these days?

5. Generally, are economic conditions getting better or worse?

6. Over the next six months, will your company increase or decrease spending on business development activities?

Find out whether you are keeping the holiday biz blahs at bay here.

Wednesday, November 22, 2006

A Word From WPO Headquarter Office

What we're thankful for.

And a special thank you to those of you who have so generously supported us on a local level in Chicago. Happy Thanksgiving!

Monday, November 20, 2006

Video of Interest: Funding Your Dream

Find out what venture capitalists have to say about funding a dream -- from how many deals they have done to how long your business plan should be to what mistakes entrepreneurs make when presenting.

It's all here on video.

Wednesday, November 15, 2006

Article of Interest: The Art of the Barter

A growing number of Web sites are trying to lure small firms and independent contractors to swap goods and services. Does your firm barter? If so, how?

Online Sites Promote The Art of the Barter.

Monday, November 13, 2006

Monday, November 06, 2006

News: ATHENA Award Luncheon Recipient (11/6)


I had the honor of serving on the 2006 ATHENA Award Selection Committee and attending the luncheon today. What an amazing group of gifted women. Here's the list of nominees:

• Cheryl Burton, Anchor/Reporter, ABC 7 Chciago, WLS-TV
• Julie Murphy Casserly, Owner, President, JMC Wealth Management
• Eileen Durkn, CEO, Neumann Association
• Janet Froetscher, President and CEO, United Way of Metropolitan Chicago
• Susan Fullman, Corporate Vice President, Director, Consumer Solutions and Innovation, Motorola
• Kathy Hopinkah Hannan, Area Managing Partner, Tax Services, KPMG, LLP
• Judy McCaskey, Board Chairperson, State Treasurer's Advisory Board for Women's Issues
• Sarah Pang, Senior Vice President, CNA Corporate Communications
• Alice Peterson, President, Syrus Global

And the award winner is ... Kathy Hopinkah Hannan, Area Managing Partner, Tax Services, KPMG, LLP! She is shown second from the right on the stage. Click on the picture to get a closer look.

On behalf of the Women Presidents' Organization, congratulations to all the nominess and in particular to Kathy for her well-deserved honor.

For more information on ATHENA International and how to get involved, click here.

Thursday, November 02, 2006

Event Reminder: Chicago Athena Award Luncheon (11/6)


ATHENA Award Recipients are individuals who:

• Demonstrate excellence, creativity, and initiative in their business or profession.

• Provide valuable service by contributing time and energy to improve the quality of life for others in the community.

• Actively assist women in realizing their full leadership potential.

Find out who becomes the next award recipient on Monday, November 6 at the Palmer House Hilton Hotel. Startup time is 11:30 a.m. For more information visit: Athena International Organization.

The Women Presidents' Organization is a proud partner to ATHENA International. We hope to see you there!

Monday, October 30, 2006

Video of Interest: WPO Chicago Conference

Many of you have been asking what's so great about WPO, why should you become a member and what's the fuss about the WPO annual conference especially next year's in Phoenix (April 19-21) celebrating our 10th anniversary. We've got answers.

Watch the video and learn more about WPO here.

Tuesday, October 24, 2006

Site of Interest: Social Innovation Conversations

Yes, we are busy building our companies. But in addition to focusing on the bottom line, are you at least thinking about changing the world and the importance of the human connection to everything you do, day in and day out?

You can be a social entrepreneur -- a creative and inspiring leader -- and also be a WPO member. They are not mutually exclusive.

Read more here >> Social Innovation Conversations: Reinventing the World Together One Conversation At a Time.

And if you are making the world a better place, let us know about it. We welcome hearing from you.

Thursday, October 19, 2006

Site of Interest: Second Life

As business owners, one of the things we have to always prepare for is how to see through and stay ahead of trends, challenges and opportunities. Here we present a glimpse of the future. Second Life is a 3D online digital world imagined, created and owned by its residents. Soon, your single greatest competitor won't be in China or India but at Second Life. Yes, you read that right.

Read more here >> Your world. Your imagination.

>> Wired Travel Guide: Second Life.

>> Popular Science: Your Second Life is Ready

Welcome to a new world of endless reinvention.

Monday, October 16, 2006

Article of Interest: Women Have Room to Grow Companies

In September, the Center for Women's Business Research projected that as of this year, there are an estimated 10.4 million privately held, women-owned firms in the United States. This accounts for two in five of all businesses in the country. These firms generate $1.9 trillion in annual sales and employ 12.8 million people nationwide.

Yet at our recent Women Presidents' Organization 2006 annual conference in Chicago, participants in a Key4Women focus group identified undercapitalization as a common mistake women business owners should avoid. Undercapitalization can create a host of challenges for a company -- not only is it more difficult to get an undercapitalized business off the ground, but it creates obstacles while trying to secure funding from banks.

While access to capital may have been a challenge for women 30 years ago, today's woman business owner has a wide range of banking resources readily available to her. Some banks have created specific opportunities for women-owned businesses.
Don't wait until it's too late.

Key4Women is an initiative of KeyBank, a corporate sponsor to the Women Presidents' Organization.

Read more here >> Women Have Room to Grow Companies

Tuesday, October 10, 2006

News: There's No Glass Ceiling for Women Entrepreneurs

Where is the glass ceiling when you’re a woman entrepreneur of a multi-million dollar company? A Compensation Survey of members of the Women Presidents’ Organization (WPO) suggests that there is none.

Highlights from the survey are as follows:

• More than half of respondents (56%) believe their salary is the same as their male counterparts.
• Over half (53%) of respondents believe their total compensation is the same as their male counterparts.
• More than half (57%) of respondents routinely investigate and adjust salaries to ensure gender pay equity for positions of equal qualification and responsibility.
• Over half (51)% plan to increase their salary and/or their bonus, benefits, commissions, partnerships distributions, or compensation.
• Being able to provide themselves and their employees equitable compensation for work performed was an important issue for respondents when they started their companies.

Learn more here.

Thursday, October 05, 2006

Event Reminder: Women's Summit (October 17)

The Women Presidents' Organization has agreed to partner with the University of Chicago Women’s Business Group to support the second annual Women’s Summit, to be held on October 17, 2006 from 3:00 to 9:00 p.m. This year's theme is: "Creating a Shared Vision."

The Women’s Summit will provide a venue for diverse leadership from corporations, law, medicine, economics, public policy, education, journalism, science, technology and non-profit organizations in the Chicago area to join together. In addition to celebrating successes and connections, we will develop a collective vision for increasing the contribution and success of women and minorities to the community in which we live and work.

In honor of this occasion, Cherie Booth, QC will be the featured speaker at the event. Her husband, Prime Minister of the United Kingdom Tony Blair, has given his wife credit for being "... an enormous source of strength and an extraordinary person in her own right. I never know how she manages with all the different things she does -- the work, the family." ~ The New York Times.

The Summit will start with facilitated visioning sessions to explore important topics for women today. Each session will have a thought leader with expertise on the topic and a professional facilitator. You are invited to share your thoughts and ideas and get involved. Our goal is for the community to come together, create a shared vision, and shape our future.

The breakout sessions will be followed by a networking opportunity, and by dinner and the keynote address.

"The Women Presidents' Organization is delighted to be a part of the UCWBG's Women's Summit. And with the United Kingdom being such a strong and loyal ally to the United States, we are thrilled to have Ms. Booth share her wisdom with us." -- Laurel Delaney, Chicago Chapter Facilitator

All Women Presidents' Organization members will be entitled to the member rate ($125), so please click the appropriate option -- Friends of the Summit -- when registering.

For more information and to register please visit:
the UCWBG's website.