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Suze Orman Personally Addresses Women on Business Readers

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Apr
25

On-line Groups and “Discussions”

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Are you, like me, sick of on-line “discussions” that are promotions? Books, videos, webinars, classes, insurance products, resume services, MLM opportunities, training programs, conferences – you name it and you will find it posted as a discussion topic.

The idea for a discussion forum by social networks such as LinkedIn was just that – providing an opportunity to post something that is intriguing, puzzling, thought-provoking and thus stimulative of an on-line conversation. These days, most discussion posts do not inspire comments, because they are nothing but shameless (self-)promotions.

The never-ending promotions make on-line groups unattractive for me. What are your thoughts about this?

An on-line discussion forum ought to be a 21st century equivalent of a high school or college debating club. Pose an issue, take a side, and let the debate begin.

Something like, during the cold war: “Should we wait for the Soviets to launch first, or strike preemptively”?

Peggy M. Parks, AICI CIP, President of The Parks Image Group in Atlanta, just asked: “How can life be better today than it was yesterday”? Now that is a topic we can discuss. My answer starts with: “Yes!”

Now let the conversations begin.

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Apr
11

Brainstorming

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Every so often, when my business experiences a bump in the road, or I sense there are opportunities “out there” that I am not approaching in the best way possible, I like to convene a “business brainstorm”.

My company will celebrate its 30th anniversary this year, so you can imagine there have been more than a few of these sessions along the way.

This I how it works for me: I gather 3, 4, or at most 5 other women who have owned their businesses for some time (3 or 4 years as minimum), who are not competing with me or with each other, and who also have “issues” to deal with. This can be a cash flow decline, an employee who is not working out, the loss of a major client, or any other occurrence that is common in the small business world.

We get together for half a day, preferably outdoors (an off-the-beaten-path public park is great) and discuss each company’s prime issue and jointly come up with a solution.

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Women invited to serve on a charitable organization’s Board of Directors are often uncertain whom exactly they serve. The Chairman? The Board as an entity? The Executive Director? The Donors? No, it’s the public.

Allen C. Amason, Ph.D., Associate Professor of Strategic Management at the Terry College of Business of the University of Georgia teaches a “Roles & Responsibilities for Non-Profit Boards” class in which he illustrates this point as follows:

In the United States, most people and all corporations pay taxes (well, at least technically they all do), except when they are a tax-exempt charitable organization, a so-called 501 [c] 3. Because these corporations do not pay their share of the taxes the government needs for its operations, the rest of us – the public – have to make up the difference. So, we rely on the directors of nonprofits to make sure our tax dollars are well spent. How do they do this? By assuring us, of course, that the organization adheres to its mission and uses its resources wisely, but more simply even by serving without pay.

Categories : Ethics
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Mar
28

Serving on a Board of Directors

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It’s hardly a secret of the business world that there are far too few women in corporate Boardrooms around the country. Fortunately, there are organizations that advocate for changes in this situation. Women in the Boardroom (Edna, Minnesota) is one of them. It holds seminars in major cities, such as Washington, Dallas, Boston, San Francisco, Chicago and others, for women who aspire to Board service.

Expressing an interest in becoming a corporate director does not land you a seat on the Home Depot Board overnight, however. There are dues to be paid and a good place to start is with a local charitable organization, say a homeless shelter, an animal rescue program or a community literacy project. Become a volunteer, do a good job, get noticed and when an opening on the organization’s Board of Directors occurs, make sure the Chairman or a member of the nominating committee knows you are interested in serving.

From a nonprofit Board, it is possible, through networking and demonstrated effectiveness, to be tapped for the Board of a privately held company and eventually, with a successful career and valuable Board contributions noted, you may get invited to join the Board of a public company. This is not a short or easy process.

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So, you have 500+ connections in LinkendIn?

A few weeks ago, I posted an article about networking as a marketing tool for one’s products or services – or even oneself, in the pursuit of new career opportunities.

That had to do with in-person networking. On-line networking is another valuable tool. Before I delve into it, let me credit Seth Bogin for the idea for this post. In recent observations about our “driveby culture”, he remarked: “The majority of people who sign up for a new online service rarely or never use it.”

We’re all guilty, aren’t we?

I remember signing up with an articles bank recommended by a colleague and then not being able to contribute with the frequency it required. I have signed up for feeds I quickly got out of again, because after the first feeling of affinity was gone, I knew the publisher had nothing of lasting interest for me.

But we all do need to have a clear, pristine, up-to-date online profile and for most of us that means LinkedIn. Facebook? Yes, if yours is a consumer market – meaning your prospects are people, rather than companies – Facebook is a good place to be. But for professional connections, LinkedIn trumps.

Mar
14

Free Speech

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It’s an old, stale trick. You call a well-know crowd pleaser you’d like to have as keynoter for your next event and ask her if she believes in “free speech”. When the answer is a predictable “yes”, you offer her the opportunity to come and deliver a speech – for free!

Dee Dee Myers, Suze Orman, and Sarah Palin do not have to travel around the country to give free speeches. They are handsomely compensated, whether for personal income or for charity giving. Speaking is their job and kudos to them for getting paid for what they’re good at. That’s the way it ought to be.

But, when we look at speaking as one of the three legs of a personal marketing plan (see March 7 and February 28, 2010 posts), then getting paid is not the objective.

It has often been said that if you are a speaker, you ought to publish a book and if you are an author, you ought to develop a speaking strategy. Very true, but let’s not confine our thinking to these two activities.

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Mar
07

Writing as Marketing Tool

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Donna Satchell, an Atlanta-based speaker, writer and trainer, knew from the start, after leaving her corporate position at Clairol, that as a trainer she had to develop a marketing strategy that would work for her. Whether it worked for others was not a concern of hers – she was out to build her own business, not anyone else’s.

Writing and publishing became important tools right off the bat. In the past six years, she has co-authored seven books, in addition to numerous articles, which she has used effectively to build a business that has made her a popular speaker and trainer and routinely takes her around the country, interacting with diverse audiences, many consisting of employed women who dream of someday owning businesses of their own.

Donna’s initial decision to publish led her to join with others to self-publish books in her areas of focus: leadership, time management and communications. Selling books is not, however, her main motive for writing. She uses her books as door openers for her speaking and training business.

This is what Jody Gabourie (see February 28, 2010 post) had in mind when she identified “writing” as one of the three vehicles we should consider using when, as small business owners, we go out to explore new markets.

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Feb
28

Marketing – It’s Simple!

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Jody Gabourie, the recently retired Canadian “Marketing Plan Queen”, knew what she was doing when she simplified marketing for small business owners. There are three practices, she advised, that we should consider deploying when we go out and look for new clients or customers. They are: networking, speaking and writing.

Think about it. Simple, isn’t it?

Let’s talk about networking today (speaking and writing will follow in future posts).

These are the Four Laws of Networking:

1. You’ve got to show up. No matter how wonderful the event is and what benefits await you there, if you stay home, you’ll never know.

2. You’ve got to participate. Showing up and sitting at a table with your best friend, or standing aloofly on the sidelines, waiting for someone to notice you and come and speak with you, is not a great deal more effective than not showing up at all. Join conversations, introduce yourself, ask questions, begin to explore a rapport.

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Feb
21

The Business Owner as Superwoman

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We think we can do it all, don’t we?

We had an idea for a business, we got it established, we began attracting clients or customers, and we are now in the thick of it. We have signed a lease for our office or retail space, we have designed our logo, hired a printer for our business cards and begun work on a web site. We keep our accounts, design our brochures, write marketing plans and make phone calls. We write and publish a newsletter, we go to networking events and make sales calls. We write and send out press releases and seek out radio interview opportunities. We are exhausted!

The popularity of do-it-yourself TV programs is testimony to the fact that ours is a country with a DIY ethos.

When we decide that our concrete patio should be replaced by a deck of distressed wood, we tackle that project with zest. The antique chandelier we bought at an estate sale – of course we’re going to install it ourselves! We sew our bedroom curtains, embroider our tablecloths and dig our herb gardens. Then, when we start our businesses, we continue that habit.

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Feb
14

Women as Business Owners

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In Georgia, where I live and write, women have always owned businesses. Even our fictional heroine Scarlett O’Hara was a business owner, as the proprietress of a sawmill.

 

Georgia women have historically been entrepreneurial – from the rural housewife, whose hens laid more eggs than the family would consume and sold the surplus to her neighbors to Juliette Gordon Low, who not only founded the Girl Scouts, but also helped establish a convalescent hospital for wounded soldiers returning from the Spanish-American war.

 

Contrasting the accomplishments of male Georgians in business however (Ted Turner is a conspicuous example), women have not fared quite so well. Only a few years ago, GWEN (Georgia Women Entrepreneurs, an element of Georgia’s Small Business Development Centers) published a report that indicated the average annual revenue of a woman-owned business in Georgia was $25,000. There are, apparently, still eggs to be sold. And homemade jams, and colorful quilts or dried herbs.

 

But progress has been made. Witness the success of woman-founded and operated companies such as Media Solutions, PS Energy Group, and MD&E, all of which are routinely profiled in the multi-million dollar groups of Georgia businesses.

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