Tag Archives: women entrepreneurs

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3 Ways Women in Business Can Overcome Challenges and Get Ahead

Did you know that more than 9 million firms in the United States are women-owned? In fact women business owners have close to 8 million employees and generate over $1.5 trillion in sales, as per the National Association of Women Business Owners.

Although more and more women are venturing into entrepreneurship the challenges they face are often not the same as their male counterparts entering the business world.

Here are 3 ways women in business can overcome challenges and get ahead:

1.Get over social stigma

When you walk into a crowded networking seminar and you can count the number of women there on your fingertips it can get intimidating. However, you’ve made it this far so being true to who you are and believing in what you have to offer and what you bring to the table can give you the boost of confidence you need to find your voice in situations where you might feel singled out. Also, understanding that if you don’t speak up for your business and make it known, no one else will.

Build a support system.

According to Inc. close to fifty percent of all women entrepreneurs don’t have mentors that can help propel their business growth. When you’re trying to blaze your way in the world of male-dominated businesses, having the advice of a woman mentor who has ‘been there and done that’ can be extremely helpful. But the challenge is in finding a reliable support system. Certifying your business as woman-owned can not only help you get found by procurement officials but also directly enroll you to attend conferences designed to get you networking with other like-minded women owned businesses and find promising mentorship opportunities.

Find work/life balance

Whether you’re a man or a woman, finding work-life balance is no doubt hard, however in the case of women and especially mothers who venture into entrepreneurship most would agree that dealing with the business would get a lot easier if you didn’t have the kids to deal with! The key is to not beat yourself up or sweat the small stuff and come to terms with the fact that you got into this knowing that your responsibilities will be shared between the family and the business.

WBEC-West provides an excellent platform for your business to grow, connect with other businesses in both your local community and nationwide, and be a mentor to other women businesses. Learn more.

 

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Are you a Woman with an Entrepreneurial Spirit? Top 11 Questions to Ask Yourself!

Do you consider yourself to be a successful woman entrepreneur? Today’s women business owners are highly skilled, talented, sharp and technologically savvy.

But more than that, they all share one common denominator – they have an unstoppable entrepreneurial drive and spirit that keeps them going!

There’s no doubt that more women are entering the business world today than ever before – there are those venturing in after years of child-rearing, multi-taskers who are balancing both business and family life and women with a strong entrepreneurial drive ready to take on the world.

It can be said that women are wired for juggling business and family and multi-tasking, but do all women have what it takes to be a successful entrepreneur?

Here are top 10 questions to ask yourself to assess if you make the grade to be a successful entrepreneur:

  1. Have I always wanted to be my own boss?
  2. Do I take direction well from others,­ or have a mind of my own and want to live on my own terms?
  3. Am I ambitious?
  4. Is money a motivating factor for me? Do I want to build wealth?
  5. Can I take calculated risks?
  6. Do I like to be in control?
  7. Can I handle failure? Can I fail and start again?
  8. Am I passionate about what I am doing?
  9. Do I make decisions quickly and can set things in motion?
  10. Do I like to get things done and not procrastinate?
  11. Do I look at the big picture, can plan and start things with the end in mind?

How many did you check off? Even if you picked a few and have the motivation and drive to pursue your dreams, you have an entrepreneurial spirit waiting to emerge.

If you really want to take the step to starting your own business do your research and be prepared. The journey ahead is going to be exciting, but certainly not easy. Talk to women in business. Find a mentor. Join a community.

At WBEC-West we support women business owners to get more business, grow and be successful. Getting certified could be an excellent step to connect with like-minded women,­ discover game-changing mentorship opportunities and join a vibrant WBE community. Learn more.

5 Game Changing Facts You Need to Know About Women in Business Today

Did you know that women entrepreneurs account for owning almost half of all businesses in the USA?

Today more than ever, more and more women are entering the world of business. A recent study showed that one out of every eleven adult women, is a business owner in the USA. It’s not surprising since many women today are simply breaking free from gender-based stereotypes, or are re-entering the workforce or starting their own business after rearing children. Also women are just naturally wired for juggling family and work and multi-tasking.

In fact, according to research reported by the SBA in May 2016, there are more women entering the business world today, than ever before. Here are some game-changing facts worth noting:

  1. “Women are entering  the  ranks  of  business  ownership  at  record  rates.  Women  are launching a net of more than 1,100 new businesses every single day.”
  2. “Women-owned businesses comprise 36% of the country’s businesses. They employ more than 8  million workers,  7  percent of  the  private-sector workforce.  They  generate more than $1.4 trillion in revenues, contributing 4% of business revenue.”
  3. “In 2002, there  were fewer than  1  million  minority  women-owned  firms.  As  of  2012, there  are  nearly  3.8  million  firms  owned  by  women  of  color.  Between  2002  and  2012, the number of non-minority women-owned businesses grew by just 9 percent, while the number of minority women-owned businesses overall grew by 315 percent.”
  4. “Between 2007 and 2012, the number of female veteran-owned businesses increased by 295 percent. Today there  are  more  than  383,000  female  veteran-owned  businesses  in the U.S.”
  5. In fact 2015 proved to be a historic year in terms of Federal contracting because, “for the first time in history, the Federal Government met the 5 percent women-owned small business (WOSB) goal.  In  FY15, 5.05  percent  or  $17.8  billion of  all  federal  small  business eligible contracting dollars were awarded to WOSBs.”

These facts are exciting news for women entering the world of business and women looking to take their business to new heights. At WBEC-West we help women entrepreneurs everyday get the certification they need to procure essential contracts and grow their business.

This one step alone can be the game-changer you need to get your business noticed and be an increasingly successful women business entrepreneur. Learn how we can help.

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Top 5 Tips to Help Women Entrepreneurs Get Ahead

Today, more and more women are opting to go into business on their own. To help them boost their chances of success, this article below has a good list of tips that can help women entrepreneurs get ahead.

Ask For Help Where Necessary

When it comes to starting and running a new business, it is important that you realize how important asking for help where necessary is. New entrepreneurs usually encounter numerous hurdles when starting their new business; this is no different for women entrepreneurs. It is therefore recommended that you look to more seasoned entrepreneurs or mentors for help in solving common business problems especially when it comes to startups.

Keep Learning

The regulations, technology and consumer tastes among others form a constantly changing business environment. This means that you have to conduct comprehensive research before starting a new venture to ensure that your business idea is viable. Even after you get the operation under way, it is recommended that you continue conducting research to identify changes as they occur and take advantage where you can.

Track your Money

One of the main reasons why most startups fail within the first five years of establishment is due to cash constraints. A business that is no longer able to meet its cash requirements due to adopting a poor cash management policy cannot be able to survive. As such it is recommended that you carefully track how cash is generated in the business and subsequently used. It is vital that the cash is used in boosting primary business operations at all times.

This is Business

Business is business; simple and clear. Operating a healthy and well performing business requires you to make some hard decisions. At the end of the day, it is important for women entrepreneurs to realize that they have to make a choice in whether they want their business to survive, and with it make the hard choices that come with it.

Make Use of Technology

In business, technology is your friend. We live in an era where there are so many technological advancements around us that can be used to make our lives easier even when it comes to business. Accounting and reporting, marketing as well as monitoring can be done with the use of technological innovations that include mobile device apps, social media and many more. Using these technological advancements not only simplifies these tasks but also helps cut costs.

Identifying what steps can help you get ahead is key. For example, getting certified is a good step towards procuring corporate contacts.

via What women small business owners need to know

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Leading Ladies: Top Women Entrepreneurs of 2016

It’s difficult to narrow down all the leading women entrepreneurs of 2016 to just 15, but this impressive group is worthy of the effort. See all the leading ladies below:

Sarah Kauss, S’Well

A Colorado native and lifelong environmentalist, Kauss founded S’Well to sell a high-end version of an unlikely product: a water bottle, which goes for $45. The company booked $47 million in revenue in 2015.

Lynn Jurich, Sunrun

Jurich is out to bust the myth that solar energy is too expensive, claiming it saves homeowners 20 percent on electricity. This year Sunrun began offering homeowners energy storage facilities to save even more.

Vicki Saunders, SheEO

Saunders’s organization taps independent women investors (at as little as $1,000 a pop) to fund zero-interest loans for women entrepreneurs. SheEO is now doubling its efforts in Canada and rolling out internationally.

Jill Angelo, Genneve

Co-founded by Angelo and her partner, Jacqui Brandwynne, the personal care products maker addresses the “unsexy but real things” that come with aging. Genneve won the Women Founders Network 2016 Annual Fast Pitch Competition.

Meika Hollender, Sustain

Hollander‘s business is built on a simple fact: Women purchase 40 percent of condoms and yet marketing and packaging in the industry has always been largely male-targeted. Plus Sustain Condoms are Fair Trade-certified and nontoxic.

Trish Costello, Portfolia

With her online platform, Costello wants to expand women entrepreneurs’ circles. At this year’s United State of Women Summit at the White House, Costello stated a bold goal: $1 billion in investment in women-run enterprises.

Miki Agrawal, Thinx

With controversial marketing, Agrawal is upending the feminine hygiene market with highly absorbent, antibacterial underwear for women with periods. Ads for Thinx were banned in various U.S. cities in 2016–proving there’s no such thing as bad press.

Christine Hunsicker, Gwynnie Bee

One third of women in the U.S. wear sizes 10 to 32 but, as Hunsicker noticed, there was a gap in the $120 billion women’s apparel market. So she founded a company that rents out everyday, plus-size clothing via a subscription service.

Stephanie Tilenius, Vida Health

Coaches at Vida work one-on-one with people suffering from chronic conditions. This year, the service helped 58 percent of a group of UnitedHealthcare patients with high blood pressure lose weight over a five-month period.

Lisa Skeete Tatum, LandIt

Designed to help women out of a career rut, Landit announced a $2 million seed round in March. It provides job listings and a career playbook because, Tatum says, “the challenges of advancement, the challenges of engagement, are more acute with women.”

Kathryn Finney, Digitalundivided

In addition to serving as an accelerator for black and Latina women founders, Finney’s organization studies “the Real Unicorns of Tech,” or black women founders, who it says have received less than half of 1 percent of venture funding over the past five years.

Natalia Oberti Noguera, Pipeline Angels

Instead of writing a check to charity, Noguera’s organization helps women become angel investors and fund social enterprises run by other women. The number of U.S. cities in which Pipeline offers bootcamps surpassed 30 this year.

Janica Alvarez, Naya Health

The modernized breast pump made by Naya Health is meant to allow women to more comfortably feed their babies breast milk for longer. This year the company raised $3.9 million and received FDA clearance.

Jessica Matthews, Uncharted Play

The small, movement-powered energy systems developed by Uncharted Play are currently in jump ropes and soccer balls; next are strollers and suitcases. That’s why Williams recently closed what she says is the largest Series A round ever raised by a black woman.

Heidi Zak, ThirdLove

Few women would say shopping for a bra is a pleasant experience. That’s why Zak hopes to win customers over with an app that measures women’s bra sizes at home using just a few short questions.

Want to be part of this list? Getting certified can be a great way to procure federal and corporate contracts and take your business to new heights!