Tag Archives: women-owned business

3 Questions That Keep Women Business Owners Up At Night

What are some of the issues that you are confronted with daily in your business?

There are many dynamics that women business owners need to look into when analyzing their business. Some of these may include time management, work-life balance, marketing strategies, creating a positive impact and more.

Let’s explore the top 3 questions that keep women business owners up at night:

1. Why am I constantly working round the clock?

Do not attempt to be all things to all people.  If you keep working on your weakness, at the end of the day what you will be left with will be a ‘stronger weakness’.  Develop your business model around your weaknesses. If you are creating your small business website, working on client acquisition as well providing service/product, chances are that you are juggling a lot of things at the same time. This is an absolute sure-fire way to burn yourself out even before you get your business running. It is advisable to do a SWOT (Strength, Weakness, Opportunity, and Threat) analysis.  Put your natural talent in the forefront and delegate or automate the other stuff.

2. Do I need to use business systems?

Yes, business systems do sound intimidating to women business owners who are just getting started. But, having automated systems to support your business will free up a lot of time for you to actually do business and not just be a full-time administrator. As you are acquiring business and developing long term customers, you will also be faced with the added responsibility to maintain and educate the customers as well. Business systems technology now allows you to manage customer relationships, automate e-mails and also send weekly newsletters to your customers.  For example, seasonal discounts and marketing flyers could all be incorporated into automated business systems.

3. Am I creating a positive impact to the bottom line?

When women are asked about assets and liabilities they come up with a very detailed list for their business. Often the most important asset that does not make it to the list is ‘YOU’. It is best to invest in educating yourself and keep abreast with everything that is happening in your industry and your supporting business systems. Successful women business owners recognize the need to be guided by a team of good counsel, coaches and consultants. Also, investing in yourself means blocking time on your calendar for self learning, which could be via an online course, an e-book or a mentorship program.

So, to sum it all up, if you do not wish to burn the midnight oil, remember to work on your strengths, develop automated business systems and invest in yourself.

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.

Are You the Next Rising Women Business Owner?

Are you thinking of leaving your full-time job to start your own business? Many women today are considering starting a home-based business, and there are many who started out this way and now run full-fledged companies with employees and revenue in the millions. So, yes if you’re willing to take a risk and work hard, it can be done.

How do we know this? Well, many of the women-owned businesses that attend our WBEC-West annual conferences and even serve as mentors for our Ambassador program started out this way and have never looked back.

If you’re not sure how to start out here are a few business ideas to get your creative juices flowing and get you inspired:

  1. AccountantBookkeeping for small businesses can be a great way to start an accounting business. With some experience behind your back you can move on to higher accounting levels and work up balance sheets, income statements, financial reports and more depending on the needs of the client. With the right licensing, tax accounting is also a huge area that offers a lot of potential. As you bag a few good clients and they’re happy with your work you can look forward to repeat business from them and once you get to the point where you feel the workload is overwhelming it’s time to start hiring help and growing your business.
  2. Consultant 

    To be a consultant, you need to be an expert in an area. Perhaps you did marketing for many years for an apparel company or you were a top project manager for an IT firm, or maybe cooking or photography has been a long-time passion of yours and over the years you’ve garnered a lot of good experience. You could use this expertise to either start your own business or consult and help others do similar things without making the same mistakes that you made along the way.

  1. Event Planner 

    The first step to good event planning are good business relationships. You’ll need to visit every potential location and work with the manager or person in-charge to tour the site and learn what’s available and what’s not available at that location. For example, how many people can the site accommodate, does it have AV equipment. catering options etc. By creating a database of key features you’ll be able to pull up a few locations and recommend the right venue to potential clients. You can start with smaller events like parties and as you gain more experience move up to corporate events and even full-fledged conference event planning by when you’ll have an entire team of staff working with you.

 Some more business ideas you can look deeper into:

• Catering
• Printing and Design
• Cleaning Business
• Freelance Content Writing
• Interior Decoration
• Keynote Speaking
• Property Manager
• Web design and development
• Online Marketing business

The possibilities are endless…

Another major advantage to starting your own business is that federal and corporate entities are looking to do business with companies owned by women. By certifying your business you can qualify for procurement opportunities only available to certified Women Business Enterprises or WBEs. Learn more about the many benefits of getting certified today!

woman business owners

Are Women Better Business Owners? Here are 5 Reasons Why…

Do women make better business owners and managers? If you’re a woman thinking about starting a business and are afraid to take the first step, or if you’re a man contemplating about asking a woman to be your business partner here is some food for thought.

Here are 5 reasons why women are successful in business:

  • Research and due diligence: According to the SBA, “U.S. women have far less business failures than men,” and “The longevity of their businesses surpasses that of men’s.”
    One reason for this is that before taking the plunge into anything women are known to do their research, get all the facts together, investigate and not cut corners. This in one sense allows women to make better business decisions leading to higher business success.
  • Questions, questions, questions:  You may not like it but often women are known to ask lots of questions to get to the bottom of things. Questions help to clear doubt, remove confusion, and zero in on what really needs to be done. Clearing things up on the get-go before any business involvement, can go a long way in doing business transactions, which make women excellent business partners.
  • They listen: This might not come as a surprise but women can often be much better listeners. Although women may ask questions first, they are also careful to listen to the answers they get back. This allows a woman to quickly understand the pain points of her customers and empowers her with the information required to provide the products and services that the customer actually needs.
  • Relationships are key: This is by far one of the biggest strengths a woman has – her ability to form and develop relationships. Business relationships and networking with the right people can often form the backbone of a woman-owned businesses. Strong relationships also fuel lasting loyalty which is why women continue to be successful and profitable and are able to main long-lasting relationships with business partners, customers and employees.
  • Empathy: Some may think that being compassionate can be seen as a sign of weakness, but for many women, it’s the reason for being so successful. Having empathy allows women to build deeper relationships with employees, for example, who stay loyal and will go out of the way to help her succeed. Empathizing with customers shows them that she cares about their problems, which helps to not only build client trust but also helps her to possibly find a better solution to their problems.

    Are you a woman business owner? Which points most struck a chord with you? Let us know in the comments below!

Want to be a Successful WBE? Learn How Mentorship can Propel Your Business to New Heights

If you’re a successful business woman you understand the important role a mentor can play in your success. Many people take advice from family and friends and although that is fine, usually what ends up happening is most people will tell you what they think you want to hear, and not what you should hear.

Receiving candid feedback from a third person is key to achieving business success and growth. Getting mentored from someone who’s been where you are now can go a long way in avoiding costly mistakes and making better decisions to achieve your business goals and professional aspirations.

If you’re new to business and lack experience or perhaps you don’t have the knowledge about a certain area of your business like procuring contracts for example, you can leverage the skills and knowledge of a mentor to guide you in the right direction and deter your inexperience from ending up as a liability.

Introducing the WBEC-West CEO Ambassador Program!

The Ambassador Program is a One-2-One, CEO-2-CEO Business Connection program created to empower certified WBEs with one-on-one coaching and mentorship from a seasoned WBE who has been successful in leveraging both their WBENC certification and resources available through WBEC-West and WBENC.

The CEO Ambassador Program is unique to WBEC-West, and Ambassadors are located throughout the WBEC-West territory which spans across Arizona, Southern California, Colorado, Hawaii, Nevada, Utah, Wyoming and Guam. If you are a certified WBE in one of the above States you may apply either as an Ambassador or wanting to be assigned an Ambassador.

At WBEC-West our incentive for creating this program is that we believe that our own individual growth is fueled by coming together, collaborating and supporting one another’s growth. Through programs like these, we can build the ideal platform for individual and collective success.

To participate or learn more about the Ambassador Program go to: http://wbec-west.com/ambassador-program/