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Friday, March 31, 2017

9 Tips To Empower Women to Grow Strong Businesses

Thinking about starting your own company? It can be very difficult, even with experience. Here's 9 Tips For Women Wanting to Launch (And Grow) Their Own Business, by Jessica Vince. 

Thankfully there are a few female entrepreneurs who've been through the highs and low of business and are armed with advice to help make the process as pain-free as possible, states, Jessica. So, forget a motivational quote on Instagram-these women know what it's really like to launch, and grow a brand. Take note as they share their top tips on how to make it happen, from building the initial idea to going global.

Tip: 1 Bootstrap your business

While it may be tempting to seek investment from the get-go, its a helpful learning curve to do as much as you can with what money you have. Just as Jennifer and Natalie, co-founders of recruitment app Placed, who embarked on a crowdfunding campaign only after they'd proven their concept (and been through every penny in their bank account). Read more...

Tip: 2 Create Strict Office Hours

It's easy to work 24/7 when first launch a business so trying creating boundaries early on. Katherine Ormerod, founder of "Even if you decide to work 8am to 8pm, you need to be strict," she says. "While it's true the more you put in the more you get out, you can give too much of yourself and that will be at the detriment of both your health and your business. If you don't, very soon you'll find that sleep and relaxation become impossible. Read more...

Tip: 3 Ignore the nay-sayers

One of the simplest lessons to learn is persistence. Divine Chocolate has come a long way since its launch in the late 90's and now has a turnover of 12M pounds a year, but Group CEO Sophi Tranchell experienced fair share of doubters. "When we started, people said it would never work commercially," explains Sophi. "It only made more determined to make the brand a success and prove it is possible to create a business where people are valued just as much as profits, delivering real impact for the farmers who grow the ingredients". For more of Sophi's advice, listen to NatWest's Women in Business podcast. Continue reading...

Tip: 4 Don't be afraid to say no

Speaking of collaborations, it's likely that partnerships with other businesses will start popping up, so who to choose? Kirsten Hazell, CEO and Founder of London Grace. "I don't believe in delivering anything halfheartedly, so if the timing isn't right, we aren't afraid to say no, even if it's a brand we'd absolutely love to work with". Read more...

Tip: 5 Learn to delegate

It's a recurring theme that business owners take to much rather than assessing their own limitations and sharing the workload. As co-founder and CEO of Clue, the world's fastest growing female health app, Ida Tin has learned to let go and trust others to take over key tasks. "it's not as easy as it sounds when you are so invested in your brand, although it is something that people in all positions should think about in order to make themselves more productive," she says. "it becomes easier to let go as the team grows, and there are many talented people around me who honestly are better skilled to take care of certain things." Continue reading...

You May Also Like:

Women In Business Q&A: How has your life experience made you the leader you are today?

Are you a women in business? If so, you're certainly not in the minority. According to Arizona State University, women make up 51 percent of corporate professionals in the United States today. However, many C-suite positions are still occupied by the opposite gender. In fact, Jared Lindxon argues via an article in Fortune that companies with the best reputation in their respective industries have more than twice as many women in senior management' however, Lindzon also points out that "Only 10.9% of Fortune 500 senior leaders are female, while 37.6% of those companies have no women in their C-suites..."

Would you rather start your own company or wait around for an executive position to open up at the company?

Entrepreneurship is an attractive option for ambitious women with a version; not only does it provide an opportunity to lead a company as its Chief Executive Operator, but it also allows for a great deal of freedom in terms of how to manage, market and finance a business, implicit in this freedom is the knowledge that the design or intent of the company could change at any time, if market forces dictate or encourage a different direction. What then, are some current and future trends for entrepreneurs who happens to be women?

Business-Savvy Tips for Female Entrepreneurs in 2017, by Daphne Stanford

Be Bold and Creative with Financing

There are a number of different possible sources of funding for your business seed money. Fortunately, there are also a number of financial resources out there, as well. Intuit's Small Business Center is one resources with a number of funding ideas for all sizes and types of businesses, with different recommendations depending on whether you own a small business or a high-growth-potential idea-the amount of funding may depend for example on the stage of growth your company is in. Continue reading...

Other Interests:

The 5 Financing Missteps Women Make When Launching Their Own Business
5 Success Strategies for Women Entrepreneurs
4 Women Founders on What they learned from Building a Business

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To Your Success,