Thank you to everyone who attended, supported, and helped with the Just Fearless Women Rising Expo in Houston. A special Thank You to our Honorees and Speakers for coming and attending even with the bad weather and flooding. It was a phenomenal event! We can't wait for the next event. Stay tuned for more details!
A personal negative business experience for Just Fearless LLC to help other small businesses:
There is something so truly mind-boggling about the ability to write something about a business and/or person based on slander and lies online and on social media and people take it as fact. They don't consider the website it was written on, they don't look at the response below the complaint on sites such as Rip Off Report (which deliberately creates a huge separation from the complaint up top, then tons of ads, then any rebuttal response)and others like Complaint Board.
They don't look at the fact that someone used a fake name to write the same complaint (on multiple sites) and/or social media, they don't look at the date of the complaint (8 years ago) and even one this year for a company that we declined to fund via the angel fund (this women pretended to be a man from Boston even though men are not eligible for our fund - how petty can one get).
People complain all the time, these same sites (RipOff Report & Complaints Board) have complaints against Wells Fargo, Pepsi, Sallie Mae, Taco Bell, Apple, T-Mobile, Avis Car Rental etc., and yet they are ALL still in business despite having hundreds and sometimes thousands of complaints on these websites and more.
But you find one or 2 complaints over a 10 year period for a small business and it is automatically thought to be true without any verification or even questioning it or reading the reply at the bottom. This is how we got to where we are as a society and country. This is how the US got Trump because people are taking anything that is written online as truth without due diligence, asking questions directly, and common sense.
For any company that has every had to deal with this, especially small businesses, this video gives you tips on how to deal with that. Keep going and don't let anyone or anything stop you. Just Do It!
If people are not smart enough or willing to use common sense when it comes to discerning and questioning what's truth and what's really "Fake News", then they are not someone you want to do business with. Remember this the next time you do a Google search on someone or a company and something like RipOff Report or something similar comes up. Ask the company or contact about it directly and consider the source of the complaint rather than making assumptions. Common Sense is not so common these days.
For Decades, These Same 3 Issues Have Held Women Entrepreneurs Back. Here's What You Can Do About It.
Since my book Dive Right In – The Sharks Won’t Bite: The Entrepreneurial Woman’s Guide to Success was published in 1995, I have seen plenty of amazing changes happen for women founders, including an increase in resources, networks and opportunities. I have observed these positive shifts not only in my own work life, but also through mentoring women and being involved in a number of female-focused organizations, such as the National Association of Women Business Owners and the National Women's Business Council.
But despite these positive changes, overall revenues for women-owned businesses have stagnated. In fact, women’s share of revenue has actually decreased from 4.4 percent to 4.2 percent of all U.S. firms since 1997. What’s more, according to the National Association of Women Business Owners, only 4.2 percent of women-owned enterprises ever reaches the million-dollar mark. Why? That’s a tough question to answer, but I suspect that it partially involves various forms of gender bias or stereotyping. We have expectations about how women should think and behave, and how driven they should be when it comes to business, success and money. This bias, on the part of both men and women, has changed little during the past 20 years, although now it can often be more subtle.
But gender bias is not the only roadblock to building a thriving business. Women’s own fears and beliefs often stand in their way to success. Here are three of the personal barriers that continue to plague women and what they can do about it.
1. PerfectionismOne of the biggest problems I saw in the mid ’90s with women wanting to start businesses was their inability to choose one business and focus on it. They would tell me about all the businesses they wanted to launch but kept stalling. At first, I thought this was a commitment issue until I realized that it was a form of perfectionism. Everything had to be perfect before they would officially launch.
Today, I see this in the woman who won’t start a business until she has the perfect name for the company, the woman who won’t delegate tasks because she can do it better herself, or the woman who obsesses over the fact that a client complained about some minor glitch. Yes, the name of your company is important, but don’t let it keep you from launching. And doing everything yourself is a way to get tasks done perfectly, but it’s not the way to build a business. You need employees, partners or outside help in order to grow. And, of course, you want satisfied customers, but don’t let something minor through you off track. Women often blame themselves for minor imperfections. Don’t do that. You need to fix the problem and move on.
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The challenges faced by female entrepreneurs need to be proactively addressed to create conditions conducive to scaling their businesses, but, with the right approach from the outset, success is eminently achievable.
Informed by research and her own advisory experience, Sheena Dogget a Partner in Corporate and M&A law in A&L Goodbody, one of Ireland’s leading law firms, has shared with us her top five recommendations for female entrepreneurs looking to grow their businesses.
1. Change your mind-set and you can change anything
The most important thing is the mind-set of the founders. Building up a successful business is a journey – not a transaction. You must demonstrate confidence and stretch. You must be resilient and determined. You need to have the conviction and the ability to bring a team, founders and customers on your journey with you. Critically for Women, don't be afraid to fail. Research projects on entrepreneurship show one of the main reasons women entrepreneurs don't enjoy enduring success is that they are thwarted by a fear of failure.
Research carried out by the European Commission (Policy Brief on Women’s Entrepreneurship, European Commission, 2017) found that 25% more women than men cite fear of failure as a key reason not to start a business. That is a mind-set that women must overcome.
2. Build the right team
The next thing investors look for is the quality of your team. Surround yourself with the best management that you can afford; not just with the right skills set, but also the right 'fit' and a strong team of advisors, directors and business mentors. I use the word fit because you will be working closely with the team for some intense and potentially challenging times.
Separate your own ownership from the management of the business. Entrepreneurs who share management control are more likely to be successful in securing investment in their business. Be honest with yourself and identify what you are not good at, know what you don't know and invest in those areas to ensure the business has the best bench strength. A strong leadership team is a critical factor that investors will look at when they evaluate any funding or investment proposal. It is also important to appoint non-executive directors to your corporate board or advisory committee – people who will 'get' you, who will understand and support your ambition for the business, but who will also challenge you.
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