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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Real You in the Workplace: Act Your Gender

Women in the workplace often try to act like men in order to get ahead. However, this can sometimes backfire and cause more damage than it’s worth. Women just aren’t wired like men. And when women approach others with a male attitude, it can be a turn off.

Instead, I strongly encourage you to be yourself. Don’t put on a male front. We need to be strong and stand up for ourselves, but in the appropriate manner. It’s really the only way that people will take us seriously.

Women also need to remember we are natural networkers. So don’t isolate yourself—even if you are in a position of authority. Ask questions and get involved with mentors and other people in a similar line of work. Don’t be afraid to ask for help. In addition, don’t hesitate to ask questions. And definitely don’t live in a vacuum. It just won’t work.

Is the glass ceiling still around?

As the advancement of women is pushing new boundaries, many are wondering if the “glass ceiling” still exists. While it’s true that women are breaking the glass ceiling in some careers far more than others, such as real estate for example, they have a long way to go in other fields. Women make up 46.5 percent of the workforce, but they represent only 12 percent of all corporate officers. Those are figures that can’t be ignored. However, according to an article on AOL, some of the professions where women are earning more than men include sales engineers, statisticians, legislators, aerospace engineers, advertising managers and more. As you probably know, many women are also turning to entrepreneurship as an alternative. By establishing their real brands, they’re learning that they can make it to the top on their own terms.

Change the world for other women.

You don’t need to be an entrepreneur to make this happen. It’s as simple as reaching out and empowering another woman with a kind word—or a reference. Perhaps you’d consider taking a mentee to lunch. Maybe you could find time in your schedule to volunteer with a professional woman’s organization in your community. Or, it may be time to start your own. And if you’ve attained a level of success that allows you to give your money—do it. Time and money combined are unstoppable. Throughout the last century and continuing today, women everywhere are making a difference for women of the future. Think Gloria Steinem, Hilary Clinton and local women in your community. You, too, can be one of these change-makers. Get involved now.

Once you’ve reached a certain level in your career, it makes sense that you’ll learn the most from your peers. The concept is simple: Peers share their knowledge and their experiences in a valuable exchange of ideas that benefits both parties. Marsha Firestone, president and founder of the Women Presidents’ Organization (WPO), has witnessed this firsthand. She started WPO specifically to help those women who had already achieved success. But prior to that, she worked for the American Woman’s Economic Development Corporation, a nonprofit that helped start-up and young women entrepreneurs. So, Marsha made it possible for professional women at various levels to network successfully, and she knows that it works at any stage of a woman’s career. It’s all about branching out, a concept that Marsha—and others—have instituted so well.

Real You Incorporated is another organization that connects professional women. Share your story and tips so that others can learn from you in the Share Forum. Together—we are unstoppable!

Don't Forget to Dream

Without leaps of imagination, or dreaming, we lose the excitement of possibilities. Dreaming, after all, is a form of planning.

Begin by asking yourself this question: If you could be anyone else for a day, who would it be? What is your dream? Start defining it. What are you passionate about? What business activities feel most like fun and least like work? Of course, this requires some soul-searching. Take it to the next level. Write down the names of three people you admire. It doesn’t matter if they are family members, friends or business acquaintances. Then, determine what characteristics you admire in each of them. The attributes you list should be closely aligned with the heart of your passions! When you define your passions and dreams, you begin the planning process, and that in turn opens the door to exciting possibilities.

This tip, from Gloria Steinem, is definitely one to live by. Anytime you create and build a business, you dream—or plan. It’s part of the natural course of events. And leaps of imagination are necessary for making it happen. There are, after all, endless possibilities, and it’s up to you to steer them in the direction that fulfills your dreams. I spend a great deal of time talking with women entrepreneurs around the country, and I am able to witness firsthand the incredible success they are experiencing. As you know, women are starting businesses at twice the rate of men. Why? The reason is in part because they can, but also because they are dreaming and planning. It’s the excitement of the possibility. And today, more than ever, they know that it’s possible for a woman to own and operate her own business. Thanks to women like Gloria Steinem who forged the way for women like me—and you.

What about you? Are you dreaming and planning? Is your imagination working overtime? Get your mind in gear by reading about other women entrepreneurs and sharing your success story at www.RealYouIncorporated.com.

What's in a name?

Let me say this: Naming your company matters. It’s part of your real brand; it’s your essence. What you need to do is begin with your company story. Write it down; record it. From the first twinkle of an idea to the people that have played a significant role, get it on paper. This is important because you’ll want employees to know about and understand your brand. They need to know the real story.

After you’ve got that down, coming up with a name for the company should be easier. You’ll want it to define your real brand—the genuine, truthful, authentic you that your company is all about. Remember those dreams? Sure you do! Let them unfold—in your company name.

To share your success story and company name leave us a comment, or check out RealYouIncorporated.com for some inspiration from other female entrepreneurs.

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!

Find clarity about what it is you are seeking, and go after it.

If you don’t have a clear picture about what you want, you will never get it. Clarity of vision is so important. But to do it right takes time and effort. Begin by choosing three words to describe your business, even if that business is not yet off the ground. Then put your operating principles in writing. This will likely be the precursor to your company vision or mission statement, so take the time to get it right. Next, list some additional adjectives that you want to associate with your vision. Play around with it; be creative. This is the fun part. Remember, the clearer the picture, the easier it will be to transform your vision into reality.

This tip comes from Elizabeth Lessner, owner of Betty’s Family of Restaurants in Columbus, Ohio, which includes Betty’s Fine Food and Spirits, The Surly Girl Saloon, Tip Top Kitchen and Cocktails and Dirty Frank’s Hot Dogs (coming soon). Even before she opened her first restaurant, Elizabeth was trying to find a niche. She wanted to create an environment where women could go—a place to hang out and feel comfortable, free of hassles and full of fun! “It seemed like I could do it,” she recalls about her initial vision. So, she decided to take a chance. Sure, there were skeptics in her life, people who doubted her ability to make it happen—especially at such a young age. And frankly, without that clear picture, it could have flopped. But Elizabeth had clarity, and she went after it—and that made a huge difference in the outcome.

You, too, can follow a dream—a similar dream of owning your own business, perhaps. In the meantime, learn more by reading Elizabeth Lessner’s profile at RealYouIncorporated.com.

Business partner or best friend? Why not both?

Are you thinking about going into business with a friend? If so, begin by recognizing the fact that there could be a strain on the relationship. Then, take the necessary steps to prevent any upsets, like defining, up front, individual responsibilities. Be clear that someone needs to be in charge. Remember, this business is your dream.

Having said all that, a friend and partner can be a tremendous asset, especially if that person has talents and skills that contribute to your vision for the company. And that’s the key. Without that in place, both your friendship and your business could be headed for disaster.

So, bottom line, establish the rules before you get started. Then, together, reach for your goals!

By 2012, women will outnumber men online by more than 8 million

A woman starts a business in the U.S. every 60 seconds. And, American women are the largest economy on earth. Put those two stats together with the possibilities of the Internet - and you’ve got a revolution to be reckoned with.

To read more about the power of women online, check out my eBrandMarketing post and let me know what you think!

Make your office of reflection of the Real You

MAKE IT HAPPEN: According to the Bureau of Labor Statistics, in 2007 the average American worked 42.9 hours a week. Over the course of a year, this added up to approximately 2,230 hours, which is about 13.3 weeks straight. If you’re spending this much time in your office, create a space that reflects the real you by addressing the needs of your five senses.

TIP IN ACTION: Start with color. Choose colors that exhibit your personality. For example, those who consider themselves to be imaginative, idealistic, a visionary and somewhat eccentric at times may be drawn to the color blue. You may also want to surround yourself with visual reminders of your hobbies and passions. My walls are blue, and I have sea glass on my desk to remind me of the ocean (I’m landlocked in Ohio). I also have tons of pictures and mementos from my kids.

Next, stimulate your sense of smell with a favorite scented candle—lavender, sandalwood and vanilla are great stress-relieving scents. When it comes to taste, keep a container of mints, chocolates or hard candy in your office. I have giant red lollipops around.

Whether you like Beethoven or the Beach Boys, choose some tunes that reflect your taste in music. There are some great desk clocks that double as iPod docks on the market. Turn on your favorite playlist, or listen to some soothing sounds of nature—whatever gets you energized.

Lastly, make sure you address the importance of touch. From your chair to the flooring, it’s important to feel comfortable in your workspace. Pick a desk chair that’s supportive and adds personal flair. Your desk should be spacious and ergonomic.

Here are a few offices of famous New Yorkers, including Martha Stewart’s, for inspiration.

The Million Dollar Question: Can I have it all?

Women have been grappling with this one for years. The honest answer: it’s not about having it all. It’s about having what you want—and being real.

Being real means aligning your values and personality with your business—and the people in your life. Think about who you are and what you want. How do you think? What makes you tick? Then, make sure the members of your team think like you do. Forget about having it all; instead, focus on integrating work and family with your personal goals.

Begin by setting aside some time, away from life’s distractions, to focus on your goals. Develop a clear plan, and then put it into action after your family, friends and professional team members are on board. Together, you will make it happen!

For more tips on making it happen check out Real You Incorporated: 8 Essentials For Women Entrepreneurs.

Never leave home without a business card

You’ve heard it said that first impressions are everything, and in many cases, it’s true. When you’re out there pitching your business and selling yourself, you need to be prepared to articulate your message on a moment’s notice. Having your business card handy will simplify the process. In the meantime, practice what you want to say the next time you need to ask for business. Keep it short, perhaps a sentence or two, and be sure to include the key points—your name, your company name, what service you provide or what product you sell, and finally, how people can find you. That’s where the card comes in. Have it ready—always!

Hopefully you were able to attend last evening’s RYI event at the Wexner Center when I hosted a panel of professional women from Central Ohio, and together we discussed how women have a unique ability to infuse philanthropy into their business. If you arrived early, you were there for the networking reception—the perfect example of an opportunity to meet other professional women and share your story. Of course, there are similar events taking place across the country all the time. Don’t miss them. Be there. And don’t forget your business cards!

Stay tuned for similar networking opportunities by checking the Real You Web site.

Women Out-Earning Men in Some Professions

We have been waiting quite some time to see the pay gap between women and men shrink. Well ladies, in some professions the tables are turning. Here are a few current careers where women are earning more than men:

• Sales engineers
• Statisticians
• Legislators
• Automotive technicians and mechanics
• Baggage porters
• Financial analysts
• Aerospace engineers
• Advertising managers

According to an article on AOL, women tend to verbally outpace men and are excellent with details and follow-up, and it is these characteristics that enhance their workplace performance. Currently, women are also receiving college degrees in larger numbers than men. After graduating, they are moving to large urban cities, where, in the past few years, there has been an increase in women earning more than men.

The glass ceiling is getting thinner. Become a pioneer in your field, and begin paving the way for future generations!

To learn about women who change the world, check out Life Lesson 20 in Real You Incorporated: 8 Essentials for Women Entrepreneurs.

The Almighty Power of Networking

Networking is not just important, it’s absolutely necessary. In whatever stage of the game you are—whether you own a company or you’re working for someone else—networking with other individuals is essential because you never know who can help you move up or help you move on.

Here are my suggestions:

• Get over being intimidated. Leaving your comfort zone is never easy, but you can practice at home by role-playing what you’ll say when you meet people. Get your elevator pitch down.
• Go with a friend. If you know someone who’s really involved in a group or organization, tag along. She’ll be sure to introduce you to her circle.
• Always be on the lookout for networking opportunities. It might happen the next time you’re in the cafeteria. Introduce yourself to that person from another department—the one you see occasionally—but neither of you ever speak.
• And don’t fret; it gets easier!

To network with other women online check out the share forum on RealYouIncorporated.com, it’s a great way to get started. We’d love to hear from you!

Women in business have clout-lots of it. And we're gaining more every day.

MAKE IT HAPPEN: What about you? Do you dream about a career that affords you more clout? Do you think about how your life might be different as an entrepreneur? If so, trust your gut instinct and decide that now is the time to make a change. Next, take care of yourself. Remember, if you’re not happy, and if you can’t be there for yourself, you can’t be there for anyone else. In addition to that, don’t go it alone. Reach out to others and tell your story. Don’t be an island; that is too isolating. Finally, separate yourself from negative influencers, or snarks. Put simply, don’t worry about society’s expectations for you. Instead, do what feels right.

TIP IN ACTION: The statistics prove it. Women are starting businesses at twice the rate of men. In fact, every 60 seconds a woman starts a business. From home-based businesses to high-level entrepreneurs, women are taking control of their professional careers in a variety of ways. Why? For starters, it’s a way to break the glass ceiling. Women who are tired of taking a backseat in Corporate America are turning to entrepreneurship as a way to get ahead. But most of all, women are looking for a better way to align their personal life with their professional life. Some call it balance, but it’s really about pursuing dreams. Entrepreneurship is a means for accomplishing that goal.

Looking for more inspiration? Go to http://www.RealYouIncorporated.com/ to find out what other women have to say.

Things to consider before starting a business

Before bringing a great business idea to life, you must prepare yourself for what’s ahead. There are many things you can do, but begin by connecting with people. First, find a mentor, a person who can teach you the ropes and share personal experiences at the same time. Learn from this individual. Why is she successful? What could this person have done differently?

Of course, you may have to step out of your comfort zone. For instance, the next time you’re riding the elevator with a co-worker you don’t know, introduce yourself. It’s critical to develop relationships, so start immediately!

Do you have a fantastic mentor that you want to tell us about? Go ahead, we’d love to hear about the real people in your life! For more on mentors and networking check out my book, Real You Incorporated: 8 Essentials for Women Entrepreneurs.

Should you join the family biz right out of college?

Joining the family business might seem like the easy route after college, but there are several things to consider. You must first decide, simply and emphatically, if this business is your passion. Sure, you’ve grown up with the business, but is working in the family business part of your dream? Be absolutely honest about your answer because it’s your life—and you can’t live that life pursuing someone else’s dreams.

If you make the decision to join the fam, do so only after obtaining the necessary training and know-how. Make sure you’re qualified and prepared for the task. This is important so that others have a positive perception of your role in the business—and they take you seriously.

For other tips on finding your passion see Real Fact Two in Real You Incorporated.