How Women-Owned Businesses are Surviving the Recession

Women are starting businesses at rapid rates and thriving, despite the economic downturn. According to a recent study conducted by Florida International University’s Center for Leadership and The Commonwealth Institute of South Florida, women-owned businesses are doing better in the recession than most.

Key Factors:
* Women traditionally take on less debt and thus have more flexibility during tough times.
* Women also try to strategize and reach out instead of jumping to cost-cutting measures.

This is exactly the route Rachel Sapoznik, CEO of Sapoznik Insurance, took to grow her business without eliminating staff. See the full story on how Sapoznik’s and other women business owners’ determination and networking led to success in hard times.

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Pay cuts and lay-offs affecting you?

If you are one of the thousands of Americans that has been laid off due to the recession, don’t fret! Your personal brand can handle it.

You may view this as shameful, but it’s just part of life. Simply move on. Here’s how. First, don’t take it personally; this is business. Companies around the country are laying off employees, and thousands of people are having to pick up and dust themselves off. Just shake it off and start gathering as many references as possible—and take samples of your work with you. Next, stay positive and focused, and don’t waste time. Then, enter each interview with confidence, being quick and honest about your termination with potential employers.

Remember, being fired may seem like the end of the world when it happens, but it can also turn into an opportunity to move onto something bigger and better.