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How Transparency Impacts Your Business Practices

How Transparency Impacts Your Business Practices

General Business, Homepage, increased productivity, Small Business, transparency, transparency in business, transparent pricing, trust, worker engagement Tuesday, April 11, 2023 5:50 am

According to Forbes: “Business transparency is the process of being open, honest, and straightforward about various company operations. Transparent companies share information relating to performance, small business revenue, internal processes, sourcing, pricing, and business values.” With social media, it’s virtually impossible not to be transparent. Just about everything gets disclosed on social media sites…by your customers, your employees, and everyone else. As a result, it makes sense to think about how transparency can be best employed in your business practices. (The following is an update of an earlier blog post of mine on the subject.) Ways to implement transparency in your […]
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What to Consider When Relocating Your Business

What to Consider When Relocating Your Business

business location, business relocating, business taxes, General Business, Homepage, regulatory costs, relocating, Small Business, state income tax Thursday, April 6, 2023 5:52 am

According to Allied Van Lines, Spring is typically the best season to move to another residence. It’s probably a good time, too, to relocate your business if that’s what you want or need to do. And many businesses are relocating. Due to remote work arrangements, they may no longer need their current space. Or perhaps they’re seeking a better business environment than the one in which they’ve been operating.  Here are some factors to consider when relocating, whether it’s across town or across the country. Factors to consider when relocating your business Staffing Be sure to consider what a move will […]
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Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive

Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive

General Business, recession proof businesses, recession proof your business, Small Business, SMB Financial, women business owners, women entrepreneurs Thursday, March 30, 2023 5:14 am

Recessions certainly present challenges, but there are opportunities too. Bill Gates started Microsoft during the oil embargo recession of 1973 to 1975, which is just one example of success that started during trying economic times. When it comes to starting a business or having an existing business survive a recession, I’m not sure there are any strategies or suggestions unique to women entrepreneurs. But this is Women’s History Month so let’s focus on women business owners. Recession-proofing your business with a focus on women business owners: Advice for women entrepreneurs What can women business owners do to ensure their companies […]
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Anecdotes of Women Entrepreneurs Helping Each Other

Anecdotes of Women Entrepreneurs Helping Each Other

business owner, General Business, Homepage, Networking, Small Business, women entrepreneurs, women in business, women's groups, Women's History Month Tuesday, March 28, 2023 5:20 am

A long-time business acquaintance of mine—Rieva Lesonsky, owner of Small Business Currents—said in a blog for SCORE “When I started covering small businesses decades ago, a woman-owned business was an anomaly. Remember that women didn’t even have the right to equal access to credit until 1974. So the fact that women today own about 36% of all small businesses in the U.S. is a significant accomplishment. So, yes, we’ve come a long way. But we have a long way yet to go.” Barriers to women, in credit, connections, and other ways, have been impediments. Nonetheless, women are now starting businesses in […]
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What Makes a Great Woman Entrepreneur?

What Makes a Great Woman Entrepreneur?

General Business, Homepage, leadership qualities, Small Business, women business owners, women entrepreneurs, Women's History Month Thursday, March 23, 2023 4:32 am

Do you think women need different characteristics or behavior than men to succeed as business owners? As a woman in the business world for 50 years, I still can’t answer this question. I’ve never tried to be different from my male counterparts; I just did what I did and moved forward. But there’s certainly a lot of discussion on social media about this question. Here are some of the answers I found and you can draw your own conclusion. Lists of qualities for a successful female entrepreneur Entrepreneur lists 8 qualities to drive success as a female entrepreneur: Integrity Humility and […]
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Work-Life Balance for Women Entrepreneurs

Work-Life Balance for Women Entrepreneurs

female entrepreneurship, General Business, Homepage, Small Business, small business owners, women business owners, women entrepreneurs, Women's History Month, work-life balance Tuesday, March 21, 2023 4:43 am

During Women’s History Month, there are many topics that relate to women business owners. One of the big challenges for many women owners is achieving a good work-life balance. A study by Mastercard found that 3 in 10 (29%) female entrepreneurs say they are struggling to maintain a work-life balance, compared to 17% of men. Of course, women business owners face the same challenges in running a business as their male counterparts. But many women face additional challenges in childcare, spousal care, or parental care. This adds another layer of responsibility and demands on time. What are women entrepreneurs to do? […]
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What Is Direct to Consumer and Is this Marketing Strategy for You

What Is Direct to Consumer and Is this Marketing Strategy for You

D2C, direct-to-consumer, ecommerce, General Business, Guest Blog, Homepage, Marketing, online shopping, Small Business Monday, March 20, 2023 4:20 am

Direct-to-consumer (D2C) is a marketing strategy that allows businesses to sell directly to the consumer without going through a wholesale or distributor. It enables business owners to establish one-on-one customer relationships and gain loyalty. D2C is more cost-effective than traditional marketing strategies because it eliminates unnecessary intermediaries and markups. D2C is also more efficient because it gives you direct access to your customer’s feedback, which can improve your products and services over time. In addition, D2C allows consumers to learn about new products in a fun way, which can increase engagement with your brand. Consumers are increasingly turning to the […]
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Best Books to Read about Women in Business

Best Books to Read about Women in Business

biographies of women in business, business women, General Business, Homepage, Small Business, women entrepreneurs, women in business, Women's History Month Thursday, March 16, 2023 4:10 am

If you’re a big reader, you likely find inspiration in the biographies of famous people. If you’re not a big reader, you might want to sample a book or two during Women’s History Month to better appreciate how women have struggled and triumphed in the business world. The following, which is excerpted from the Library of Congress and other suggested reading, is a list of biographies of women in business. Many names may be familiar to you, while others may not. Some are modern and still on the scene, while others are from years past. There are, of course, numerous […]
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Unique Opportunities for Women Business Owners

Unique Opportunities for Women Business Owners

federal contract, General Business, Homepage, Small Business, Small Business Grants, women business owners, women entrepreneurs, women in business Tuesday, March 14, 2023 4:01 am

According to the World Economic Forum, 49% of all businesses being started in the U.S. today are by women. And women already own 42% of all U.S. businesses. Are there any special programs that present opportunities for women business owners? Consider the following: Federal contracting The goal of the federal government is to award 5% of all federal contracting dollars to women-owned small businesses each year. Given that federal contracting totals about $100 billion, this is a lot of contracting dollars. Women who own businesses that meet certain qualifications can join the Women Owned Small Business (WOSB) Federal Contract program to […]
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The State of Women-Owned Businesses 2023

The State of Women-Owned Businesses 2023

General Business, Homepage, Small Business, women business owners, women entrepreneurs, women-owned businesses, Women's History Month Tuesday, March 7, 2023 5:12 am

March is Women’s History Month and a good time to reflect on how women are doing in business. Women now account for more than 10% of the CEOs of Fortune 500 companies. But many women also own and run their own companies. The numbers have been growing year after year. But how are they doing? This can be gleaned from reports as well as anecdotal stories from women entrepreneurs. Statistical evidence According to the 2022 Annual Report from National Women’s Business Council (NWBC), what follows are the most recent facts (although statistics don’t reflect the prior year). Of employer businesses, women […]
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