5 Key Resources for Women Entrepreneurs

Posted on Apr 23, 2012 by Emily Suess
Posted in Business DevelopmentStarting a Small Business

There is no denying that women-owned businesses significantly impact the U.S. economy. In fact, according to the Economics and Statistics Administration of the United States Department of Commerce, just five years ago 7.8 million businesses were women-owned, and those businesses brought in a staggering $1.2 trillion in sales receipts. As if that’s not impressive enough, just consider that women-owned business employed 7.6 million workers in the U.S. at a time when jobs were seriously hard to come by.

Women-owned businesses are a huge part of the U.S. economy, and because of that it’s in every citizen’s interest to see them succeed. To that end, I’ve compiled a list of resources for women business owners covering a range of government, private, and non-profit organizations.

The NAWBO professional group was originally found in 1975 and presents itself as “the unified voice of America’s more than 10 million women-owned business.” It’s a dues-based association that represents women’s interests in all industries. The group maintains more than 7,000 members and supports 70 different chapters across the United States.

The WLE is a social organization for women entrepreneurs. It was founded by businesswomen, and it works to help women “fill in the information gap” and “provide a venue for building connections that will facilitate their success in business and in life.” The organization provides a multitude of resources including conferences, business coaching, interactive programming, teleconference and a leadership development program.

The Women’s Business Enterprise National Council started in 1997. It certifies businesses owned, controlled, and operation by women in the U.S. The organization serves as an “advocate of women-owned businesses as suppliers to America’s corporations.” It accomplishes this by acting as a liaison for corporate member that run a Supplier Diversity program and women-owned businesses.

Also founded in 1997, the WomanOwned.com site serves more than 3.5 million women entrepreneurs across the globe. The site, founded by entrepreneur Christina Blenk, offers assistance in online business information and networking to help women get their hands on the resources they need to launch, run, and grow their businesses. The site includes a searchable database of women business owners from all industries in just about every country in the world.

The Office of Women’s Business Ownership was established in 1979 and is part of the federal government’s Small Business Administration (SBA). It oversees Women’s Business Centers (WBCs) throughout the U.S. which provide assistance to women entrepreneurs who are “economically or socially disadvantaged” by offering training and counseling to women business owners. Resources include the Gateway for Women-Owned Businesses Selling to the Government and a comprehensive business directory.

In order to succeed, any business owner must maintain ties with her customers, her community, and supportive organizations that provide invaluable resources from launch to expansion. Hopefully, these resources will give you a starting point for achieving your dreams as a business owner. For more resources for women business owners, read: 47 Online Resources for Women Small Business Owners.



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Are You Carrying the Burden of Goal Setting in Performance Discussions?

Is it that time again? Do I have to have another conversation with Melissa? Didn’t we just have one?

There are some employees that require a lot of support, while others are considered “low maintenance”. Why is that? You just had what you thought was a good conversation with Melissa in the past few weeks but the issue is back. You would like to say what was on your mind with some candor but you know that would involve  a rather pointed conversation with the union rep or HR.  Both groups won’t have nice things to say. I recently heard a comedian talking about marriage in the same way. When your spouse asks you a question, you always give them the second answer that comes to your mind as the first answer is always the wrong one. Working with employees, especially challenging ones is the same.

Performance Management is a process that is used in all workplaces, regardless of how big or small your group is. I do believe this process is under some significant changes that are actually going to make everyone happy, but just not in the early stages of the change. Change is hard for 90% of people. We all know this but when it happens, even for the better, we yearn for the good old days. Let me tell you what I mean.

In years (months) gone by it was the job of managers to tell employees what to do, how to do it and when to stop doing it. I know that is really a great oversimplification but essentially managers were held accountable for how the jobs were done. The change we are experiencing now is that  managers are responsible for what is done and the employees are accountable for how it is done.

Let me give you an example to make my point clearer. Your team has been given a new sales target to accomplish. Your team is responsible for  increasing the sales of your widgets by 15%. In the past the sales manager would tell his or her employees the targets and then tell them how to go about doing this. For some this approach was very helpful and for others it was demeaning or insulting. More managers are now using a coach approach to manage performance on a more regular basis which will reduce issues from building over time, while creating a learning environment for both managers and employees.

How this coach approach works is, the manager meets with his staff to tell them about the sales target changes. He then facilitates  a meeting where the team is encouraged and expected to create some new ideas to meet these goals. The managers role is to keep the creative process going and to encourage innovative thinking. The employees are being given a chance to influence their future by looking at how these targets can  be met using tools and techniques they currently have or will need to learn. This  approach recognizes the competency of the employees while asking them to step up their game by participating in the process. Employees are more likely to try new ideas if they have been generated from the team who actually is expected to implement .  The manager/coach’s role is to maintain a creative and open environment where feedback can be used and worked with to meet the challenges.

Okay, now back to our first scenario where you have an employee who you have given a solution to and they agreed it was the right thing to do but at the next opportunity they didn’t follow through. Given our discussion above what would you do differently?  (This is my favourite coaching question) Let me give you some questions you can ask repeat offenders of discussions that go nowhere fast.

There are 3 rules when you are coaching difficult employees.

1.  Don’t be uncomfortable with silence. When you ask them a question, wait for the answer. If they say they don’t know, tell them to think some more and you wait. Silence is Golden.

2.  Keep asking them questions until they engage in the process. (this will take a bit of time for them to get used to this process as they have always been under the impression their Silence was Golden.

3. The conversation is held privately.

I am going to give you a sample of questions for you to try when you are having a conversation with someone who has been making repeated mistakes and you have coached, counselled and told them what to do. Ideally this will be the first thing you do when someone needs some support. The example I will use to make this as concrete as possible is a sales target missed after 2 months.

So Bob I need to talk to you about your sales for the past few months. We spoke last month about some ideas I had for you to meet your numbers but I see that didn’t work for you as your numbers continue to be about the same as last month, which unfortunately is below target.

So let’s take this time to  brainstorm some ideas to get your numbers up, assuming we are in agreement you are interested in improving your numbers. We do have a brief window of opportunity to make this change but I would like to get a clear idea about what is working and what is not working for you. I am going to ask you some questions to help me understand your process and maybe through this discussion you will be able to see some opportunities.

Okay, take your time while answering the questions.

1.  What is working well right now. When you are making sales to customer X and Y what technique are you using?

2.  Tell me about the clients you have not been able to close. Walk me through that process from beginning to end.

3. What do you think the roadblocks are?

4.  What have you done to assess this issue?

5. What have you done differently to adjust to the sales target increase?

6.  What will it take for you to increase your sales?

6.  What do you need from me?

These are just some generic questions that will help to understand the issue. Is  the issue a skills, technical or attitudinal issue. As these questions get answered you can assess what next steps need to happen. Prior to having this conversation you are making a number of assumptions  on where the issue is without having a full understanding..  This is a big opportunity for all managers to reduce the personal and professional stress of mind reading  and always coming up with the magic solution. Take the time to learn how to coach and it will save you your sanity. I promise…….

 

 

 

 



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The Top 10 Ways to Get What You Want Out of Life!

I have spent the last 20 years researching and working in a field that helps people live their dreams. By assisting people with creating exciting goals, reducing distractions and aligning beliefs and values, I ultimately help them get to the most important part—achieving their goals.

For my clients the most significant aha! moments often occur when they realize why they have been unable to meet the goals they set out for themselves year after year. The primary reason is that their goals are out of sync with their personal or professional values and beliefs. Understanding this can serve as a catalyst for approaching your personal or professional life planning in a different way—a way that will dramatically increase your success rate.

If your goals often get away from you, then the following 10 steps will be very helpful. This list is based upon challenges my clients have faced and learned from over the years. I know it works, and I am only too happy to share it with you.

The Top 10 Ways to Get What You Want Out of Life!

(a.k.a. 10 Key Considerations for Making Plans and Goals)

  1. Make sure your goals are actually yours. They cannot come from other people’s expectations or desires.
  2. Stay out of the past. The present and the future are very important, and the past has already happened. As they say, “It is a new day.”
  3. Make sure you keep your ideal life clearly in your mind. You need to keep a close comparison of the ideal and your daily life. This is the stuff that keeps you on track.
  4. Understand clearly what makes you happy.
  5. Do you know where you want to go in life? This is your life plan. It is really important to have a life plan that resonates deeply with you.
  6. Make sure you live your life to make your personal or professional plan come to life.
  7. Are your goals in alignment with your values? Are you clear about what your values are?  You need to revisit them regularly to make sure you are moving in the direction you really want.
  8. Examine your beliefs. Your thoughts become your beliefs. Your beliefs become your behaviour. Your behaviour becomes your actions. Your actions become your life. How about those beliefs? Do you have any that aren’t working for you now? Are they getting in the way of your success?
  9. Never, never limit your potential. There is very little you can’t do, and even that is debatable. It’s all about alignment.
  10. Keep your negative thoughts, limiting beliefs and self-sabotaging behaviours under control.

After reading this list, what are you going to do differently?

What is your first step, and when are you going to have that completed by?

These action questions should follow any new plans you decide on. You will find the whole process much more invigorating once you have adopted the 10 Key Considerations to Making Plans and Goals.

Please share your success stories about how these simple but effective tools have moved you from frustration to action.

Read more about Planning or Leadership.

P.S. Want to share this post? Please do. Just be sure that it remains intact and includes the following bio. Thanks!

About Judy: Judy Mackenzie, MBA, CHRP, CEC PCC, owns and operates TEVO Consulting Inc. (www.tevosmallbiz.com), providing services and guidance to small and medium businesses. TEVO’s mission is to assist companies in reaching their strategic goals by developing leadership and people management systems that allow employees to be at their best. Judy believes engaged employees are fundamental to business success, and she designs support and management systems to help people and companies achieve their full potential.



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Are You Asking the Right Questions?

As Joseph S. Edwards said, “Great results begin with great questions.”

Do good managers do the work for their staff, or do they lead them to creatively think through dilemmas so that they develop the right skills to problem solve in the future?

I have written about managerial courage and learning agility as part of a winning formula. The third part of that formula is the ability to ask good questions to get great results.

There are many reasons why people don’t want to ask questions. These include…

  • The fear of looking foolish
  • The fear that the manager will think less of him or her
  • An unwillingness to work through the tough stuff
  • Laziness (sad, but true)
  • Being particularly good at getting their manager to do their job

What do you normally do when a staff member or colleague comes to you and says, “I don’t know how to do this. I need your help.”? Below are a number of questions that will help you determine the appropriate response.

  • What are they really asking?
  • How do you know what kind of effort or thinking they have used to get to this point?
  • Do they just want you to do their work?
  • Are they afraid of failing?
  • In your corporate culture, is it dangerous for your staff to make mistakes?

Regardless of the reason, it is always a good time to start asking good questions.

If you teach your staff how to ask good questions by modeling expected behaviour, you will find that their problem-solving capabilities soar. Once these skills have been integrated into your culture, the impact is phenomenal. 

There are two different ways you can ask questions, with completely different results. One way provokes pessimism, stress, anger and resentment; the other encourages problem solving, learning, optimism and collaboration.

Here are some quick tips for avoiding negative questions and for posing constructive ones.

  • Never start a question with “Why?” This has a strong judgmental overtone, and staff members will often respond by justifying their actions rather than thinking through the process. One alternative is to ask, “Can you explain your thought process in this situation?”
  • Keep any form of blame out of your question, i.e., “Whose fault is this?” Instead, try asking, “What are the facts as we know them?” or “What are our next steps, and who should be doing them?” These are action questions that will encourage staff members to look for remedies rather than opt for CYA (Cover Your Behind) behaviour that is merely a giant waste of time.

There will still be times when staff members do things that defy logic and drive you crazy; however, allowing those feelings to surface will not benefit anyone. During such times it is best to give yourself a much-needed break and tell the staff member to come to your office in 20 minutes to discuss the next steps. This will give you a cooling down time and allow you to plan questions for holding the person accountable in a way that is productive.

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When has asking the right question(s) made a big difference for you? Please share your stories below.

Read more about Leadership or Systems.

P.S. Want to share this post? Please do. Just be sure that it remains intact and includes the following bio. Thanks!

About Judy: Judy Mackenzie, MBA, CHRP, CEC PCC, owns and operates TEVO Consulting Inc. (www.tevosmallbiz.com), providing services and guidance to small and medium businesses. TEVO’s mission is to assist companies in reaching their strategic goals by developing leadership and people management systems that allow employees to be at their best. Judy believes engaged employees are fundamental to business success, and she designs support and management systems to help people and companies achieve their full potential.



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Do YOU Have Clear, Written Goals?

A Harvard Business School Story

the bestseller book by Mark McCormack

In What They Don’t Teach You At Harvard Business School: Notes From A Street-Smart Executive by Mark H. McCormack, the author tells of a study conducted on graduates of the 1979 Harvard MBA program. Those graduates were asked, “Have you set clear, written goals for your future and made plans to accomplish them?” Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all. Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing…

The 13 percent of the class who had unwritten goals were earning TWICE as much, on average, as the 84 percent who had no goals at all. And what about those who had clear, written goals and plans for accomplishing them? That three percent were earning an average of TEN times as much as the other 97 percent… put together!

In spite of such proof of success, most people don’t have clear, measurable, time-bounded goals.


In the bestseller Goals! How to Get Everything You Want-Faster Than You Ever Thought Possible, Brian Tracy teaches how to identify in the clearest terms the things you want out of life and how to make a plan to help achieve those things. He includes the following list.

Four Reasons Why People Don’t Set Goals

  • They don’t realize the importance of goals. If the people with whom you spend the most time—family, friends, colleagues and so forth—are not clear about and committed to specific goals, there is a chance that you won’t be, either.
  • They don’t know how to set goals. Some set goals that are too general. In reality, these are fantasies common to everyone. On the other hand, goals are clear, written, specific and measurable.
  • They fear failure. Failure hurts, but it is often necessary to experience failure in order to achieve the greatest success. Do not unconsciously sabotage yourself by refusing to set goals for which you might fail.
  • They fear rejection. People are often afraid that if they are unsuccessful at achieving a goal, others will be critical of them. This is remedied by keeping your goals to yourself at the outset; let others see your results and achievements once you’ve accomplished your goals. 

Make a habit of daily goal setting AND achieving, for the rest of your life.

Focus on the things you want, rather than the things you don’t want.

Resolve to be a goal-seeking organism, moving unerringly toward the things that are important to you.

Have these tips motivated you to set some goals? Do you have any goal-setting success stories that you’d like to share? Please speak your mind below.

Read more about Planning or Leadership.

P.S. Want to share this post? Please do. Just be sure that it remains intact and includes the following bio. Thanks!

About Judy: Judy Mackenzie, MBA, CHRP, CEC PCC, owns and operates TEVO Consulting Inc. (www.tevosmallbiz.com), providing services and guidance to small and medium businesses. TEVO’s mission is to assist companies in reaching their strategic goals by developing leadership and people management systems that allow employees to be at their best. Judy believes engaged employees are fundamental to business success, and she designs support and management systems to help people and companies achieve their full potential.



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Are You Satisfied with How Your Employees Are Performing?

Image via Wikipedia

It’s performance management time and everyone is just thrilled to be part of the process. People love to get feedback, and managers are just itching to have those constructive feedback discussions with their fully engaged employees…

Not so much, I get it. For the past several years I have worked with companies both large and small to deal with this very issue, and believe it or not, we are making some serious inroads into this area without a great deal of kicking and screaming in the process.

What most managers and employees loathe about performance management is the subjective nature of the process, and yes, there will always be some of that. However, the bulk of the process should be very clear and easy if you are working within an accountability and responsibility framework. This process involves a cascading concept that takes the executive’s accountability and breaks that down, distributing it among the different departments and the managers within those departments. Then those managers cascade their responsibilities down to the people who do the operational and tactical work.

Requirements for a Successful Accountability and Responsibility Framework

What makes this system work?

  1. The relevancy of the document you produce. Everyone is interested in this framework, since its structure and “moving parts” support the vision at the top.
  2. Clarity about departmental and individual accountabilities. Who does what, and what can I count on you for?
  3. The performance management system is based upon this accountability and responsibility matrix, and you are working with real behavioural indicators to prove success. This helps keep the subjective part to a minimum.
  4. All parties know what is required and what is being managed.
  5. Employee engagement roars ahead as everyone is feeling in the loop and clear on what is required. (Success breeds success.)
  6. Tough conversations are replaced with brief coaching sessions.

And before you know it your productivity is up, employees are happy, and managers are less crazed!

Although I have made this sound simple, it is in fact a very manageable process to undergo. Each company I have worked with actually takes this system and applies it to job descriptions, performance management and pay-for-performance programming.

Related Articles

Have these tips motivated you to set some goals? Do you have any goal-setting success stories that you’d like to share? Please speak your mind below.

Read more about Leadership or Planning.

P.S. Want to share this post? Please do. Just be sure that it remains intact and includes the following bio. Thanks!

About Judy: Judy Mackenzie, MBA, CHRP, CEC PCC, owns and operates TEVO Consulting Inc. (www.tevosmallbiz.com), providing services and guidance to small and medium businesses. TEVO’s mission is to assist companies in reaching their strategic goals by developing leadership and people management systems that allow employees to be at their best. Judy believes engaged employees are fundamental to business success, and she designs support and management systems to help people and companies achieve their full potential.

 



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