Why is Crowdfunding popular?
Why is Crowdfunding popular?
It has been said that women cannot succeed in executive positions without turning up the testosterone. Reality shows have backed this train of thought. For example, The Apprentice and Shark Tank show women making shrude and even calculated negotiations for businesses to claw their way to the front. It does not have or need to be this way.
Yes, executive suites in Fortune 500 companies are predominantly male. However, businessnewsweekly.com states, “Fifty-five percent of the analyzed companies had at least one female executive, and the proportion of female to male executives at these companies was 2 to 9, or 22 percent. In successful companies the median proportion of female executives was 7.1 percent, more than double the median (3.1 percent) in unsuccessful companies. The study also found that every 10 percent increase in female executives at the VP level yielded a 6 percent increase in the company’s odds of success,” It may be time to rethink the power of femininity in the executive offices.
We may ask, “ What makes a successful female executive?” Huffingtonpost.com gives several things that successful women executives do to help them achieve success.
They give credit where credit is due.
They truly believe they will succeed.
They hold on to genuine relationships.
They make time for themselves.
They realize their to-do list is never ending.
They know there is a chance of failure and are still will to take a risk.
They are deeply passionate about what they do.
As a woman you may not want to take the road less traveled and become a top executive at a Fortune 500 company. However, another road less traveled is a female small business owner. The qualities of a successful executive are the same for any woman wanting to start a business. They must believe in themselves and their product. They must realize their to-do list is never ending. Also, the importance of making time for oneself. Women are successful in business because of the qualities they bring to the table, not in spite of them.
As a business owner or potential owner do you feel you have your business going in the right direction? What is the right direction? While a business may seemingly be financially on a sound path, the business itself could potentially be failing. Planning today will certainly determine the future. Take your business in the right direction by avoiding these probable pitfalls.
The majority of businesses generally have a bookkeeper or accountant on staff responsible for receiving the funds and paying the bills. Looking at a profit and loss statement once a month does not tell the whole story and should never be used as your only insight to the company funds. You should be the one signing the checks so you know exactly where the funds are going and can question payables you are unsure of.
Your personal funds and business funds should be completely separated. If you have to make a personal loan to your company or vice versa it should be done in a professional manner. There should not be any reason why your company funds are paying your personal cable bill.
Priority, priority, priority! Whether you offer a service or a product you must treat your customer with the Continue reading
Starting or growing a business can be exciting yet challenging. From ideas running rampant through your head to making it a reality is a long highway. There is so much to do, so much to investigate. In essence, we all know the bottom line will be how we pay for it all. Start-up costs can catch us off guard as we forget the tiny details that eat up our budget and therefore have to find other ways to move forward.
Crowdfunding is a great alternative and has changed the way many business start-ups fund their projects. Crowdfunding has tripled in the last few years and entrepreneurs use this type of funding for proof of concept or early idea validation.
According to Forbes, the key to success, no matter where you seek funding, is Continue reading
You have pondered on your idea for a long time. You have taken several steps to get your business started. You feel like this is it, you can do this. Yes, you can! However, it requires commitment from the thought process to the forever. Let’s define commitment.
Commitment -the state or quality of being dedicated to a cause, activity, responsibility, obligation, duty, tie, liability, dedication, devotion, allegiance, loyalty,and faithfulness.
Do you still feel you have the commitment it requires to start, run, and excel as a business owner?
Great, now say “I am committed to making this business a success”
Your commitment cannot just be the use of the word, it must be an action. Continue reading
We easily understand that economics or poor business management can cause a business to fold. Let’s dig deeper and think about some of the past million dollar businesses that have failed. Why? What causes such a topple of one’s success. It really is one simple word – morals.
We all know right from wrong but whether we choose to follow the right instead of the wrong makes all the difference. A good business has a great, solid foundation of morals, ethics & integrity. Successful and blossoming businesses Continue reading