5 Reasons Why Women Make Great Entrepreneurs

August 1, 2019 by  

If you have ever doubted your ability to start a business, I’m here to tell you that you absolutely can! As a woman, you have already got several built-in qualities that will help you in starting a business and running it successfully.

Here are some reasons:
1. You Know How to Multi-task
Sure, you read articles saying that multi-tasking is bad, but that doesn’t stop entrepreneurs from doing it every day out of necessity. In addition, answering the phone, balancing the business bank account, making coffee, and meeting with clients will be a breeze after everything you already manage in your household. It is nice to know that acting as your kids’ chauffeur, serving as the family chef, and being your own maid service can come in handy elsewhere!

2. You are a Fierce Negotiator
As mothers, we have all been there: it is bedtime, you are exhausted, and your child wants to stay up just 15 more minutes. Rather than creating World War III, you compromise with 10 more minutes, if he/she folds the laundry first. Any client who thinks he is going to take advantage of you has another thing coming because you are on top of this.

3. When You are Passionate About Something, You Work Harder
Whether it is putting together Halloween costumes for the family or building a business doing what you love, you have drive when it comes to your passions. That is a quintessential characteristic of all successful entrepreneurs. After all, when the going gets tough, you need the stamina to make it through, and if you are genuinely doing what you love, that won’t be an issue. Besides, think of how much fun you will have turning that passion into a viable business.

4. You are Not Afraid of a Little Hard Work
Don’t be scared off when people tell you how much time and energy it takes to start a business. Of course, it does! As the saying goes, anything worth doing is worth doing well. You wouldn’t leave the gym halfway through your workout, or half-cook a meal. Just like with anything you do, running a business takes effort, but that won’t throw you. You are used to hard work and have no trouble exerting the necessary effort to make things happen.

5. There is No Separation Between You and What You Do
I once heard the analogy that men’s brains are like oranges. They’re able to compartmentalize every part of their lives: work, home, and friends. But women’s brains are more like a tomato: everything’s kind of jumbled together. I say that is great, especially when you are building a brand and representing it yourself. Rather than leaving the office and shutting off your mind completely from your company, you will live and breathe that brand. In addition, that will show to your customers, who will admire you for it.

We are well past thinking that women can’t do things as well as men. But you as a female need to embrace your strength and realize that if you want to start a business, the only thing holding you back is YOU!

Networking….the Art of Relationship Building

March 2, 2015 by  

  • Do you ever feel that the “networking event rules” ought to be posted at the door of every networking venue?
    • How many times have you come home with a pocketful of business cards and not known what to do with them?
    • Are you annoyed when you start receiving someone’s newsletter and you hardly remember who they are?
    • Don’t you just hate it when someone you just met tries to “sell” you something?

If these have been your experiences with networking let me offer you some tips.
1. Networking events are great opportunities to meet new people and catch up with those we know. We have about 90 seconds to give a new person a quick idea of who we are and what we do. Once we have exchanged business cards we can decide if this is someone we want to know more about….or not. If yes, make sure you follow up either that same day or within the next day or so….so they will remember who you are. And remember: This is not the time to be selling anything!!  Be complimentary, ask them about themselves and their business.  They will remember you if you are interested and listen to them!

2. Once a meeting has been arranged we will now have the chance to learn more about who they are and what they do and vice versa. Following this exchange we can decide if we might be making a new friend, if they may have need of our product or services, if we might be interested in their services or products or if there is an opportunity for some sort of collaboration. This might also be the time to see if sharing newsletters or blog sites etc. would be appropriate. Now a relationship can begin and grow from this exploratory meeting, or not.

3. With regard to the cards collected…… I use the two pocket filing system at such events….the cards I plan on following up with , go into my right hand pocket, the others, in the left. I review those choices when I get home, sometimes moving cards from one pile to the other and then actually discard those I have not chosen to pursue. The ones I wish to follow up on, I either call or send an email that night or the next day. If anyone from the discarded group contacts me, I will generally give them a “second chance” since they made an effort to follow up with me.  Devise a system that works for you because if you are not doing the follow up why are you going to networking events?

4. Finally, remember to have fun….this is what your business should be about….enjoying yourself. As Michael Gerber says, “we should be working on our business, not in our business.” Networking is part of working on our business as it helps us to set up strategic alliances, build a valuable network of contacts and familiarize ourselves with the business community.

Happy Networking!!

10 Self Management Tips for Successful Entrepreneurs

January 28, 2014 by  

When everything is a priority, how do you maximize your productivity and continue getting things done?
1. Outsource what you can
Everything may be a priority, but you are not equally brilliant at everything. Eliminate the unnecessary tasks and outsource your weaknesses so your time and focus is directed to where you will make the biggest impact for the business.

2. Focus on one thing at a time
It may seem like a no-brainer, but multitasking is a myth. Instead of juggling multiple projects at once, schedule out blocks of time during which you only focus on one task or one project.  Take breaks but eliminate interruptions during these focus periods.

3. Prioritize the time-sensitive issues
Do time-sensitive tasks before they become a crisis. Look at all of your to-dos and identify the time-sensitive ones . Do those tasks at the start of each day, then prioritize the next big project to undertake in the same manner.

4. Schedule high brain tasks in your prime time
Everyone has a time of day when they are the most productive so focus on the tasks that are the highest priority to complete during that time. Once you have set that block of time, eliminate distractions such as calls and emails and use that time when you are at your mental best to accomplish your most important tasks.

5. Get an outside perspective
It is easy to get overwhelmed and too emotionally involved in everything that is happening which can hamper your ability to make clear decisions. Engage someone else; such as a business partner, mentor, coach or friend to help guide you with the right questions and solutions.  This outside perspective can open you up to new possibilities and opportunities.

6. Protect yourself
When you find your plate filled with all high-priority tasks, you must remove all external distractions. This includes other people, emails, phone calls, and all social media sites. Now focus all of your energy on one task at a time until the project is complete, and then you can move on to the next one.

7. Don’t get stuck
You will never get everything done, so don’t dwell on it.  Divide your time between what is urgent and what is important. If you handle all the things that pop up as soon as they come to you, you will never move forward. Deal with the urgent issues and work toward the long-term solutions.  As you grow, you can hire more people to handle some of those urgent matters.

8. Do the jobs that move you forward
It is important to stay focused on what really matters. Spend some time on upfront planning to determine the most critical tasks that you need to complete in a timely fashion. It is usually much better to concentrate on one or two priorities and do them really well, instead of being spread so thin that you have mediocre output or need to redo tasks….this is NOT efficient.

9. Rank for productivity
Written lists are still one of the best tools for productivity. When there is too much on your plate, do a brain dump: give each item a numbered ranking based on priority.  Remember, do the urgent and important tasks first…those are the ones that move your toward your key goals.

10. Define roles and delegate
Make sure everyone on the team has clearly defined roles and responsibilities. Everyone on a proactive team wants to contribute, so leverage their gifts and skills so that the ultimate outcome will be what all of you desire.