From the desk of Hannah Stenzel of Godfrey Financial Associates, Inc.
In this article by Kerry Hannon of The New Yorker, five dynamic and successful women entrepreneurs give the gift of their advice about starting your own business.
Most of these women relied upon the support of a close-knit group of peers and colleagues to help their vision come to life. They also share many valuable secrets to leadership, such as taking risks, being active, building a strong team, and having complete dedication to your vision.
These values of community and leadership are core foundations of the Women’s Business Council. Come gather with local, successful, engaging women who champion each other.
Well, I could not have found a better article to endorse all the opportunities that the Women’s Business Council of the Capital Region Chamber provides for its members! According to Pat Mitchell (a self-professed “dangerous woman, advocate and activist”) and growing body of research data, there is measurable value in women gathering to share stories and experiences, to network both professionally and personally and to exchange ideas.
In fact, a recent Harvard Business School study has indicated that women who participate in women’s conferences and similar activities are “twice as likely to get a promotion within a year and three times as likely to get a 10 percent salary bump!” On that note, see you at the next Women’s Business Council function!!
Did you know that yesterday, November 19th, was “Women’s Entrepreneurship Day”? Established in 2014 and recognized by 144 nations, this is a day to acknowledge and appreciate the work of women entrepreneurs. A 2018 study showed that 40% of United States businesses are women-owned, with about half of those businesses being owned by women of color.
There is still a lot of work to be done for full “executive power and representation”, especially worldwide. However, groups like the Dell Women’s Entrepreneur Network are helping to boost the success of women-owned businesses by commissioning research aimed at exploring how success relates to “access to capital, technology, talent, culture, and markets”. These findings will then help inform policy that will continue to encourage the growing momentum for support of women-owned businesses around the world.
From the desk of Lauren Axford, Executive Director of the Pine Hollow Arboretum.
Effectively managing a team can be challenging to say the least. Giving firm direction, while simultaneously providing space for individuality and creativity, is an art. Here are some tips from 10 influential women in the technology sector that can be applied to any field or work
(A Hint: clear communication, strong leadership, and collaboration are important!)
We always write on the blog about how important it is to support and grow women-owned businesses, but has all that discussion paid off?
The ninth annual State of Women-Owned Businesses Report estimates that approximately 42% of all American businesses are owned by women, an average of 1,817 new businesses per day. Even entrepreneurship grew by 99% among African American women, 70% among Native Hawaiian and Pacific Islander women, and 63% among Asian American women. These statistics are not only pleasing but also encouraging.
Read more about the growth of women-owned businesses the Business News Daily article here.
Rebecca Minkoff wants to work in a business world where one can easily distinguish a women-owned business. The designer/entrepreneur is currently in the works in creating the ” Female Founder Collective,” a directory that will have a symbol next to women-owned businesses so prospective consumers and potential employers can look out for.
Let us hear your thoughts on this idea? Do you think we should have something along these lines in the Capital Region? Sound off in the comment section below!
If you are working in a field typically dominated by men or are interested in hearing women’s stories about how they have achieved success and created connections across fields such as the construction industry or in other trades, click on the link below to read about how these women have succeeded and the many ways on social media that they connect with one another to support each other.
Excerpt: [Angela Cacace, shown in the picture above created #MoveOverBob. “Every woman I knew fell in love with it,” says Cacace, 32, explaining that the hashtag was inspired by cartoon character Bob the Builder and isn’t about replacing men but simply asking them to make a little room. (In the interest of gender equality, Bob’s creators have since given his sidekick Wendy a promotion to electrical engineer and business partner.) That hashtag would grow into a Facebook page, a website and an Instagram handle featuring photos of women doing demo, laying tile and wielding sledgehammers.]
There are many side perks to having a side hustle on top of your regular job: flexible hours, making money, etc., but now it has become common to turn your hobby into a career.
According to Entrepreneur, “A ‘gig economy,’ which encompasses more than one-third of U.S. workers according to a Gallup report, has, however, helped mainstream this concept of embracing the unknown and pursuing one’s passion on the side while continuing to be gainfully employed full time.”
Whether your side business is selling a product or providing a service you may be able to take it to the next level if you follow these six steps to potential success.
Women Business-Owned Spotlight: Butter & Scotch in Brooklyn, NY
“Established by women, for everyone.” is the motto of Brooklyn bakery, Butter & Scotchwho’s business ethos is all about empowering women and giving back. Not only do have specialty drinks named after named after powerful female figures, but $1 from every drink purchased is donated to Planned Parenthood.
Does coffee brewing or baking bread or cookies evoke a memory or feeling for you? That is thought behind aromatherapy. Certain smells can produce Dopamine which generally releases endorphins making us happier.
Read Eleanor’s post to find out which scents should be used to relax or be more productive and then pack them up for the workplace.
“As well as boosting our moods, smells may also be able to keep staff well at work. Beverley Hawkins who runs the West Coast Institute of Aromatherapy told Entrepreneur magazine that: ‘Essential oils have anti-viral, anti-bacterial and anti-fungal properties and using them in an environment where there are a lot of people can help to keep germs at bay. A simple inhalation of an aroma can cause many changes in the body, which can include activating the immune system and helping digestion.”