Archive for Female Entrepreneurs
Why I Chose to Become an Entrepreneur
Posted by: | CommentsPost by Veronica Eyenga, contributing Women On Business writer
People choose to become entrepreneurs for many reasons. For women, those reasons run the gamut and encompass everything from the need for more schedule flexibility to experiencing a glass ceiling.
In my case, I was unsatisfied working for someone else. I had a desire to be my own boss and lead my own company. I followed my dream, and today I am the President and CEO of a successful marketing and accounting firm outside of Baltimore, MD.
I know why I chose entrepreneurship, but I wanted to know why some of you did. Here’s what I learned from some of my fellow female entrepreneurs:
Ramona Russell, Uptown Liz: Ramona started her company, which promotes products from companies whose proceeds go to charity, after losing her sister, Liz, to breast cancer. Through her company, Uptown Liz, Ramona has been able to create a legacy for her sister and help others at the same time.
Sue Wilkowski, textSAT: Sue started textSAT after her daily SAT review texts to her own children were picked up by their friends. Today, Sue’s SAT tips are written by award-winning educators and sent out daily to streamline and supplement students’ SAT review processes.
Carrie McKean, Scarlet Threads: Carrie started Scarlet Threads in 2009 as a way to help impoverished Chinese families. The company’s core visions of Work, Dignity, and Beauty become a reality by allowing Scarlet Threads seamstresses to work from home, according to the needs of their families. By allowing seamstresses to work at their stated cost of labor and sharing a portion of the profits, Scarlet Threads benefits the communities as well.
Katie Goodman, GoodLife Eats: Katie began her food blog, GoodLife Eats, as a way to marry her two loves – food and family. Through her recipes, stories, and food photography, Katie found a much needed outlet for her kitchen creativity and more opportunities than she could have imagined possible. Today, Katie writes for Paula Deen Online and Craftzine.com while her own food blog serves as a supplemental source of income.
Eileen Parker, Cozy Calm: Eileen began her company, Cozy Calm, as an answer to her disability. After struggling in countless jobs, Eileen, who is autistic, decided to start her own business manufacturing and selling Cozy Calm weighted, hugging blankets. In the year and a half since the business opened, Cozy Calm has continued to grow and Eileen seems to have found her true joy.
These are just a few of the reasons why other women have become entrepreneurs. What about you? Why did you decide to take the leap? What convinced you that it was time to strike out on your own?
Tell us your story in the comments!
Challenges Facing Women in Business
Posted by: | CommentsPost by Veronica Eyenga, contributing Women On Business writer
Inevitably, all business owners will face challenges now and then. However, women business owners tend to face them a little more often than their male peers.
This does not mean that women business owners cannot be successful; statistics show that the success rate for women entrepreneurs is growing rapidly. It simply means that they’ve learned to overcome major challenges.
Some of the biggest challenges women entrepreneurs will face fall into three categories:
- Gender discrimination and stereotyping: Gender lines are clearly drawn during childhood and often extend into adulthood with constant messages that women do not belong in the corporate world.
- Dual career-family pressures: Many women start their own businesses so that they can spend more time with their families. For some, maintaining a work-life balance once a business takes off only adds to the pressure of owning and running their own business.
- Lack of equal opportunities: Despite the fact that women are slowly moving in to male-dominated industries, they still face immense challenges when it comes to things like securing financing and business success rates.
Thankfully, these challenges are not always detrimental to women-owned businesses. Because women are often naturally skilled at negotiating, delegating, and multi-tasking, they can fight through these challenges to success.
In addition to these inherent skills, women in business can choose to face challenges heard on in several ways as well:
- Create a strong network: Build a network of women entrepreneurs that you can trust. These relationships can be used to build a support system, share ideas, and build your businesses.
- Consider a woman-owned certification: A woman-owned certification can be your company’s gateway to federal contracting and the significant advantages that come along with securing government dollars.
- Stay positive, get involved: Stay up to date on current issues and trends in female entrepreneurship. Work with your fellow women entrepreneurs to overcome challenges and remain strong in the face of adversity.
Every business owner will face challenges now and again. As women business owners, we’re more likely to face challenges than others. However, if we’re prepared and know how to overcome these challenges, nothing can stop us from continued growth and success.
Resources For New Entrepreneurs
Posted by: | CommentsIf you have always thought about becoming an entrepreneur, or have recently started your own business, there are many resources you can use to help guide you. I have gathered together some of the sites that I visit and that I think are useful for those interested in taking the entrepreneurial route.
Do I have what it takes?
Some fun online tests to help you determine if you’ve got what it takes to make it as an entrepreneur. There are many more tests online, but here are some to get you started:
http://www.liraz.com/webquiz.htm
I’ve got what it takes – what now?
Sites to help you create your business plan and start your business.
http://www.bdc.ca/en/business_tools/business_plan/default.htm
http://www.rbcroyalbank.com/sme/create-plan/business-plans.html (or your local bank might have their own small business section)
http://www.ontario.ca/en/communities/entrepreneurs/index.htm?openNav=businesses
I’ve started my business – what’s next?
Some useful tips on how to grow your business, how to market your company, etc.
http://www.inc.com/growth-strategies
http://www.growingbusiness.co.uk/growth-strategies
Staying informed
Sites that will help keep you knowledgeable about entrepreneurship and other fun facts.
http://www.successmagazine.com/
http://www.forbes.com/forbeswoman/
Now that I’ve provided you with some links, you should be able to browse and visit sites everyday that will help motivate, support and push you to become a successful new business owner. Feel free to share some with me – there is a wealth of information out there for entrepreneurs, especially women, so spread the word and let’s get to work ladies!
Power Up Your Networking With 3 Key Strategies
Posted by: | CommentsBy now you’ve gotten the message that networking is a crucial element of career success.
If you’re going to make it you’ve got to connect.
And you’ve read the rules – dress well, be sincere, be interested in the other person, follow-up to develop and build relationships, and so on.
Does it still sound intimidating? So much so that you’re still holding back?
Or maybe you’ve put a toe in the water to give it a try but feel like you’re still not quite getting the hang of it?
Try these three key strategies to make your networking efforts that much more successful.
Network In Your Own Way
It has been nearly 15 years, but I can still remember the amused, sideways glance a colleague shot in my direction when I asked whether he entertained clients socially on a regular basis. He was right to give me “the look.” A reserved introvert with a magnificent brain he was the opposite of a social butterfly and it should have been obvious that socializing with clients was not a priority for him. No doubt he would sooner have a root canal without anesthesia than entertain regularly. He did, however, maintain a wide professional network.
How did he do it?
By being true to himself.
That colleague picked situations which he found manageable, went to these however briefly, and was himself when he was there. He made connections. He maintained these connections by showing up again and again and also by having additional contacts in ways that were more comfortable for him– sending a personal note or making a quick phone call.
You can mimic this technique to carry out your networking within your own comfort zone.
Does going to a completely unfamiliar organization sound like a bit too much? Start your networking at an internal company event. Or at a community gathering at your gym or local school.
Do you hate the idea of going alone? Grab a friend and make a plan to attend jointly – not joined at the hip but in concert so you’ll have someone to talk to if it is slow.
Zero in on what it is that makes networking feel hard for you and see if you can do something to minimize the challenge. Count an event as a success if you go for just a short period of time; or give yourself a reward for staying longer or talking to more than one person.
Building some connections in this easier and more manageable way will give you confidence to reach out even more.
Take The Time To Develop Relationships In One Group Before Branching Out to Another
In the long run, networking is about the relationships you build and how they support your career and allow you to support others. Building relationships is central to making this happen.
Relationships aren’t built merely by introducing yourself with a memorable “elevator pitch” at a meet and greet event. They require a quantity of contact and a quality of dialogue. Once you’ve chosen to include a specific group in your networking program, make the effort to interact with its members:
- Attend meetings regularly
- Join a committee or take a volunteer post
- Add the group members you meet to your LinkedIn network, facebook tribe or Twitter feed, as appropriate.
- Make outside of meeting contact with people you want to get to know better – exchange information, tips or just a social wave to build community.
Applying these techniques consistently will take an investment of time. Your return will be a web of relationships within that group that will makes you feel as if you belong. When you feel comfortably settled on the path to create those relationships in one group you can devote a similar level of attention to another one. In other words, your network will grow and you can then grow it further.
Consider Creating Networking Goals
In some ways the broad mandate to “build a network” itself can feel overwhelming. Setting some networking goals is a good way to break the task down into manageable, more comfortable parts.
Let’s say you’ve decided you should expand your contacts amongst your professional peers. You know there are several ways you can do that. You might:
- join a local alumni association
- join the local chapter of a national professional organization
- attending an upcoming conference
- find ways to meet people with similar job descriptions in other nearby companies.
None of these options are leaping out at you and taken as a group they sound like an enormous chore.
Let’s say instead that you set a goal of expanding your peer group by 4 people per month for the next 3 months. At the end of 3 months you will have grown your network by at least 12 people. In the meantime, though, instead of focusing on the big task of broadening contacts with professional peers you can focus on the smaller, manageable task of meeting 1 new person each week.
You can use goals to break down other networking goals into more manageable tasks in a similar way. Once they’re resized, networking goals frequently become more attainable because they feel more less overwhelming.
Try applying these three techniques to your own networking efforts. And see if they make this important, ongoing task, a big more manageable for you over time.
Anne Clarke is an executive and personal coach specializing in supporting women in achieving their professional goals. For more information about her services visit her website www.setting-and-achieving-goals.com
Women Leaders and Male Partnership
Posted by: | CommentsIn any learning process, there is a tendency to go to extremes before finding middle ground. Take driving, for example. Most teens start by driving very, very slowly, learning when to accelerate and when to put the brakes on. Then there is a time when we all want to experiment with speed, until either fender hits fender, or a ticket is handed by an unsmiling policeman.
Most of us then find the safe space of the middle ground where fast and slow are dependent on the territory.
So it is with all relationships. Sometimes a hug is perfectly timed, in other situations a metaphorical “right to the jaw” is called for. In all partnerships, all life happenings, it is all in the timing.
Margaret Thatcher was a woman leader who had a great sense of timing. She was strong and gracious. She entered the territory of male domination early on and set the stage for women to follow, to learn the art of push and pull.
I am reminded of a Margaret Thatcher story: she was disappointed with her cabinet, one she felt was weak and unwilling to take stands. Her frustration came out at a dinner, so it has been told, when the waiter taking meal orders asked her “Chicken or Steak” to which she replied “Steak please”. Next question was “And what about the vegetables”. She looked up and said “Oh, they will have steak also”.
We are now in an era where the fine art of timing is even more important because the world is moving so fast. There is not the luxury to ponder, to hesitate. As women, we need to become experts in timing, when to hug and when to hit.
Patterns of behavior handed from generation to generation have kept many women in the “hug” category. Often, the extreme of “hit” has been indiscriminate. This is a major learning process for men as well as women, and what we can learn from leaders like Margaret Thatcher is not so much about policy perspectives as about the push and pull of power.
The most important learning for leaders is how to find that magic balance.







