Monday, June 13, 2016

Dr. Marsha Firestone Helps You Get to the Next Level in Business

How do you reinvent yourself?  Keep your team motivated?  Get to the next level with your business?  Dr. Marsha Firestone, founder and President of the Women Presidents' Organization has your back.
Dr. Firestone [as we know her] is a visionary who works tirelessly to bring together the best minds to inspire the members. She is very passionate about the quality of the organization and what it delivers.
Read:  Women Entrepreneurs Find Their Place Thanks to Dr. Marsha Firestone

Monday, June 06, 2016

How Safe Is Your Business?

Is there a straight line to success?  According to Harry Red, not quite. He says:

Just like on the Titanic, look out the window and you will spot icebergs, dead ahead. Tough problems which can deplete your time, energy and capital.

What do you struggle with?  See if it falls into these three buckets:
  1. Hiring the right team.
  2. Picking the right priorities.
  3. Serving the right customers.
Find out how to tackle some of these challenges here:  How Safe Is Your Small Business From These 3 Icebergs?

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

Monday, April 25, 2016

Factors to Consider Before Starting a Business

According to SCORE, there are currently 9.1 million woman-owned small businesses employing 7.9 million people and generating $1.4 trillion in annual revenue.
From creating jobs to making capital investments and contributing to our local community, women entrepreneurs are an incredible force in today’s economy. As the number of women-owned businesses grows, there are more opportunities for women to succeed in business ventures today than ever before.
Before you start your business, answering the four questions outlined in the following article will make the process smoother, less stressful, and go a long way towards ensuring your business thrives.

Read more:  Four tips for women opening a small business

Monday, April 18, 2016

Women-Owned Businesses Thriving

According to the JournalStar.com, between 2007 and 2016, the number of women-owned firms nationwide increased 45 percent, compared to just a 9 percent increase among all businesses. Nebraska saw a 34.4 percent growth in women-owned firms over the past nine years, placing it 23rd among all states for growth in that area. Nebraska also saw a 12 percent growth in women-owned firm revenue between 2007 and 2016, placing it 46th among all states.

That's why Christy Nelson decided last year to start her own craft studio, one of the first places she looked was at her neighborhood’s business district just west of Union College. A consignment clothing shop had recently closed its doors, and though the retail space was larger than she needed, Nelson decided to consider it.

She opened her shop, Lincoln Craft Studio at 4720 Prescott Ave., in March, making her the newest addition to a business district that has largely become defined by the many female business owners who call it home -- the business district just west of Union College.

Read the entire article:  Enclave of women-owned businesses thriving in College View

Screenshot:  Megan Hasselbalch, owner of Paper Kite (photo credit:  Kristin Streff/Journal Star)

Monday, April 11, 2016

WPO 19th Annual Conference in Baltimore a Huge Success!

©2016 Laurel J. Delaney.  All rights reserved.
The WPO 19th Annual Conference in Baltimore 2016 was a huge success.  The above photo captures the closing ceremony acknowledging all the WPO staff on a stage.  Big thanks to everyone who worked so hard to make the WPO conference a winner, including Betty Hines and her chapter members!

Next year's conference will be held in Orlando, Florida May 4-6, 2017.  Mark your calendar now.

Monday, April 04, 2016

Scaling Your Business For Growth

©Women Presidents' Organization.  All rights reserved.
According to the Women Presidents' Organization, addressing business growth in a highly systematic and strategic way is an important consideration for today's successful women-led and owned companies.

"Scaling for Growth" is the theme of the 2016 Women Presidents' Organization Annual Conference in Baltimore, MD on April 7 – 9 at the Baltimore Waterfront Marriott. From growing a brand to effective crisis management and the power of disruptive business ideas, the three-day conference offers total immersion in important aspects of scalable growth.

I'll be there.  Will you?

Read more:  Successful Women Entrepreneurs From Around the World Focus On How to Scale Their Businesses For Growth

Monday, March 28, 2016

Step Away

Most business owners want to grow their businesses. But for that to happen, the person at the helm has to be able to step away and know things will run smoothly while they are gone.
Decision-making can’t be totally dependent on one person, as that person may not always be in the capacity to make the best decisions.
What's a business owner to do?  Develop a process and be systematic about it.  After all, you want to not only scale your business for growth but also be able to take a vacation once in a while!

Read:  Scale Your Business:  How to Systematize for Success

Monday, March 21, 2016

Two WPO Chicago Rockstars

The Edward Lowe Foundation rocks but not just because they feature some of our WPO Chicago members on their website.  (Yes, that's nice too!)  Rather, it's because they offer a wonderful program for second-stage business owners that helps them create empowering workplaces.

Below are two recent Rockstar interviews.  One on Alison Gutterman (top left; Jelmar) and the other on Michelle Vondrasek (Von Technologies).

•  On the same wavelength:  Von Technologies
•  Green, clean dynasty:  Jelmar LLC

Monday, March 14, 2016

Women Making a Dent in the Universe

Below are five (5) unstoppable female entrepreneurs making their dents on the world.  If they are not already a WPO member, they should be.
  1. Sophia Amoruso (pictured), founder of Nasty Gal
  2. Katia Beauchamp, co-founder of Birchbox
  3. Hayley Barna, co-founder of Birchbox
  4. Erica Nicole, founder and CEO of YFS Magazine
  5. Alexa von Tobel, founder and CEO of LearnVest
Read more here.

Photo credit:  Sophia Amoruso of Nasty Gal Facebook

Monday, March 07, 2016

Meet the Millennipreneur

According to the 2016 BNP Paribas Global Entrepreneur Report, successful women entrepreneurs are not only matching their male counterparts – in several ways, they’re outperforming them.

About the report:
Conducted among 2,600 entrepreneurs based in 18 countries, in Asia, Europe, and the United States, the study led by Scorpio Partnership reveals the emergence of a new generation of entrepreneurs under 35, "The Millennipreneurs."
Read the entire article:  Women Entrepreneurs Are 'More Ambitious and Successful' Than Men

Monday, February 29, 2016

Do CEOs Need to Use Social Media?

According to a Fast Company article, more than 60% of Fortune 500 CEOs have zero social media presence. That may be a problem.  But what about CEOs of privately owned businesses? Your guess is as good as mine but the article below states:
Social media is where your customers are—shouldn’t you be there, too?
Yes, Even CEOs Need To Use Social Media -- And They Need to Do It Well

Monday, February 22, 2016

Together Everyone Achieves More

Is it possible for a multimillion-dollar woman business owner to learn something from Taylor Swift (pictured)?  In the article below, the author discusses six things women entrepreneurs can learn from Taylor Swift.

1.  She makes it her own
2.  Always on her A-game
3.  Create a custom experience
4.  Backed by a SQUAD
5.  Collaborate
6.  Haters gonna hate ...
    As for No. 4 -- Backed by a SQUAD:
    Yes, you can go at it alone but that's no fun. At all.  Especially if you own an online business, where you work from home. What we do know is:  Together Everyone Achieves More.
    I can't help but think that's where the Women Presidents' Organization comes in handy too.  We serve as the SQUAD -- helping women business owners stay on top their A-Game and be the best business owners possible.

    Read more:  Six Things Modern Women Entrepreneurs Can Learn From Taylor Swift

    Monday, February 15, 2016

    Calling All Sensational Women Business Owners

    If you are not yet a member of the Women Presidents' Organization, now is your time to join.  Our annual conference is coming up in Baltimore April 7-9th (2016).
    The conference encourages WPO members to share business strategies and experience with other successful women from all over the world, as well as learn from interactive seminars and speakers. Additionally, it will provide potential members who qualify a unique opportunity to experience the impact the WPO has on women business owners professionally and personally.
    Discover whether you pre-qualify for WPO here.  If you do, complete the application, and join us at the conference!

    See you there!

    Monday, February 08, 2016

    Starting Your Own Business? Plow Ahead With Strong Support

    When  Jennifer Windsor, the CEO of Women for Women International, a nonprofit that works directly with women who are isolated and displaced in post-war regions of the world, was asked what advice she has for women launching their own businesses, she said it’s important to plow ahead — with the right type and amount of support:
    Go for it! Surround yourself with people who will support you and encourage you to keep going. Be prepared to work harder than you ever thought possible but always remember what inspired you in the first place.
    And when you get the to the one-million dollar mark in revenues with your business (if it is service-based), the Women Presidents' Organization is just the support you will need so you will never feel alone with your challenges and can grow at a fast clip.

    Read more:  Advice for Women Business Owners

    Monday, February 01, 2016

    Women Are Strong Tech Users

    Women control $20 trillion of annual consumer spend in the U.S. What's more, women are strong tech users—outnumbering men on all major social media sites (except LinkedIn), for instance. It's safe to say that women are spending at least a sizable chunk of their purchasing power on tech products. So it makes sense to look at who's designing them.

    It's a simple answer:  Men.

    Many people and organizations have spent a lot of time pushing girls toward computer science degrees and into coding bootcamps, advocating for more women in technical roles, and trying to improve the diversity in the industry's upper ranks.

    Find out the three biggest challenges facing women in the technology world, which includes the one about who happens to be designing tech products.

    Read:  What Closing The Gender Gap in Tech Would Mean Outside the Industry