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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Here’s the Story of a Lovely Lady…

…who was bringing up three very lovely girls.

For many years Carol Brady was a classic American female icon and many women could and still can relate to her. But while many of us cannot afford to hire our very own housekeeper named Alice.com!

For all you multi-tasking moms and busy entrepreneurs out there, there is a new site to help you save time and money. Eliminating the middleman, Alice.com allows you to shop directly from the manufacturer to help cut down costs.Other money and time saving features include free shipping (and fuel savings because you don’t have to drive to the store), price comparison charts and coupon clipping with discounts taken off automatically at the checkout. Alice.com also keeps track of what products you buy and sends you reminders when its time to restock. You are also able to keep track of your spending and compare it to other families like yours.

With money and time being such valuable commodities, this site will help you manage both. And to me, that sounds amazing.

See for yourself, visit www.Alice.com.

Just for fun…

Turn your Passion into a Business

With companies being pulled in every direction and employees clinging to their jobs, it seems like women all around me are becoming entrepreneurs. According to the Center for Women’s Business Research, women are starting businesses at more than twice the rate of men—maybe even more. In fact, a woman starts a business every 60 seconds. They are employing one of every seven workers in the U.S., and the majority of women-owned businesses continue to grow about two times faster than other firms.

Now that I’ve wowed you with the facts, let’s talk about why this is happening. Well, for starters, women are tired of being held back. Many view entrepreneurship as the only way to break the glass ceiling because other, more traditional channels have not yielded the desired results. Also, with our changing economic times, women are taking the time to step back and evaluate their lives. Finding that they are unhappy with their current jobs, women are focusing on their passions. All around the country women are realizing they should love what they do and are turning their passions into actions: businesses! They’re approaching entrepreneurship in a way that is truly genuine—and real.

Are you doing what you love? Tell us about it!

Be your best salesperson

Remember, you are your brand. So embody it wherever you go, and be its biggest fan. Carry your product around. Give it away when possible. People want instant gratification, and they love the ability to touch and feel the product. It helps make that emotional connection that leads to the sale.

Estée Lauder, who started her business in 1946, was frustrated when large advertising agencies wouldn’t take on her relatively small company (at the time). So she started her own campaign, which consisted of free samples and gifts with purchase. It was a huge success. She knew if a woman liked it, she would tell a friend. “If you put the product into the customer's hands, it will speak for itself if it's something of quality,” said Lauder. She strongly believed that in order to make the sale, you had to touch the customer. She personally went to every counter opening and trained the staff. “I’d make up every woman who stopped to look,” she said. “I would show her that a three-minute make up could change her life.” Lauder never stopped selling or showing her passion for her brand. “I have never worked a day in my life without selling. If I believe in something, I sell it, and I sell it hard.” Today, the company sells in more than 100 countries and controls 46% of the cosmetics market in U.S. department stores.

Follow Lauder’s lead. Especially in today’s tough economy, you must believe in your product and show your passion for it. Carry it around if you can, and don’t be afraid to give it away once in awhile.

What are your tips for being a good salesperson?

Subscribe to great magazines that energize you with new ideas.

Begin by visiting your local newsstand or bookstore and browsing through the periodicals. Make some choices about the magazines that relate most closely to you and the life you are living. Then, jot down the titles and subscribe to the ones that speak to you most. But don’t stop there. Get online and find out what’s happening in business, fashion, home living, parenting and more. Try sites like Glam.com and iVillage.com. With a computer at your fingertips, nothing can stop you from accessing great articles and features that will inspire you and help you grow.

There are several magazines—both print and online—that appeal to me. That’s why I make every effort to subscribe to those publications that speak to my heart. Some are business related, while others address family and the personal side of my life. Often, a good read is all I need to get inspired. Pink magazine is a personal favorite of mine, with its tagline--a beautiful career; a beautiful life. It emphasizes the fact that my personal life and my business life are not separate; in fact, they are intertwined. And that’s how I keep it real—by refusing to differentiate the two. Instead, I focus on my passions and my goals, putting first the things that matter most.

There’s no shortage of inspiration at the Real You Web site. In addition to the many great magazines and Web sites you’ll find online and at the newsstand, you’ll be inspired by our stories of women entrepreneurs who are putting the real you in their lives!

Your Business, Your Brand, Your Culture

If you happen to be in Columbus, Ohio, on Oct. 9, I'll be presenting "Putting the Real You in Your Business" at the National Association of Women Business Owners luncheon.

I'll be sharing insights on:
• Establishing a successful brand for yourself
• Putting yourself at the center of your business
• Giving your company a competitive advantage
• Building a great company culture
• Creating lifetime relationships with your clients

The meeting will be held from 11 a.m. - 1 p.m. at Smith and Wollensky at Easton Town Center.
For more information and to RSVP, visit NAWBO Columbus. I hope to see you there!

The window to your soul is found in the people you admire.

Who is your hero? What are the words that describe your hero? What is something that person did that you admire? And finally, what is one way you can be more like your hero? Write these thoughts down on paper. Then, make a list of the qualities that you admire in your hero. If you have several heroes, they will probably all have similar qualities. But identifying your hero and what that person has done is only the beginning of the process. The next step is to contact your hero. It doesn’t matter if your hero is a famous person or a close friend. Write to that person. Reach out to her. By doing so, you will be greatly inspired to live your life in a way that makes you happy—a way that you’ve admired in others and therefore can apply to your own life and business.

When Chelsea Clinton introduced her mother at the recent Democratic National Convention, she referred to her as “my hero.” Since heroes are presumably those individuals who inspire us to do great things, the people we model our lives after, that most likely means that Hillary Clinton has greatly influenced her daughter. It may even mean that Chelsea has patterned her life after her mother. Remember, identifying your heroes is all part of determining who you are and what you love to do. Famous or not, heroes are the people you and I aspire to be like. They help us identify our values and ethics and what is important to us—thus, how we will run our business.

Heroes are everywhere in life. In fact, you may discover that you admire qualities in other female entrepreneurs. Who are your heroes? What makes them special to you?

Take a look into the lives of other women entrepreneurs.

When the unexpected happens, don’t panic.

Every setback is an opportunity to open another door, discover another path.

Think about a major setback in your life, either personally or professionally. Now, what did you learn from this experience? Did it push you in another direction? Did it make you stronger? Reflect. What can you take away from the past?

Perhaps no one better typifies this tip than Rachel Carson. Although she loved both writing and nature, she made the decision to major in biology upon entering college. After graduation, she pursued a job with the government but was told that they didn’t hire women biologists. So, she fell back on her love of writing, and in 1962 her book, Silent Spring, exposed the dangers of pesticides. Although there were doubters, President Kennedy established a commission to investigate her claims—which eventually led to the banning of DDT. Today, she is considered the mother of the modern environmental movement. Rachel Carson did not let initial setbacks close the door to her dreams. Instead, she discovered another path, and it made an incredible difference in her life—as well as the lives of others.

If you’ve ever felt like an unexpected setback has gotten in the way of pursuing your ambitions, take heart. You’re not alone. Read the stories of other women entrepreneurs in Real You Incorporated: 8 Essentials for Women Entrepreneurs.