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Celebrating, Connecting, and Supporting Women Entrepreneurs

CoWorking is Cutting Edge ( and Cool! A Primer. ) by @SBSLEducSoltns

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Coworking is a remarkable concept that will enable many additional citizens to pursue their callings in entrepreneurship without the pratfalls of the prior 2 eras, the blue & white collar industrial ages.

 

No longer will the price tag, complexity, or fear of having to sign a multi-year lease, or rent to (eventually) own agreement be a stumbling block to the dream to be in control of your income stream(s); you’re now sharing costs & concurrently joining an entrepreneurial tribe.

 

What is coworking?!

 

This is a superb definition

 

Think it over: We’ve really only had this option for little more than a decade. Running parallel to the astonishing rise of social media & the proliferation of smart devices, co-working grew from humble beginnings.

 

At this point, choosing to become a member of an existing co working space, whether it’s new, or well established, tags you as a late ‘early adopter’ or at the onset of the ‘early majority’ class(es) of business owner/professional.

 

Intrigued to know more?  Please click here.

 

Options for your business’ physical presence

 

All things being equal, there are 4 choices:

 

  • Work from home.  The flexibility of merging personal & professional lives under 1 roof always has appeal. Yet, if you’re a mom-preneur, have other neighborly commitments, or are easily distracted by the mass media, you might want to ask the hard question: will you be productive, or will you be ‘’busy’ ?

 

  • The ‘coffee shop’ = office.  Whether its an independent cafe, Starbucks, or Panera Bread, maybe you arrive early in the AM, order coffee & bagel, set up your notebook/tablet in the far corner near an outlet, & start working; that remains viable for some amongst us.

  • Conventional ‘bricks & mortar’.  Some business models & professions simply must have their own physical space:  Medical office/clinic? Restaurant/bar? Retail, esp. a clothing store?

 

  • And, then, there’s coworking. This article breaks down common options that most any space in your metro area will, or already is, offering.

 

Click to Tweet

 

“We break down walls so that we can breakthrough in our businesses!”

 

— Cynthia Chiam

 

Plusses of Coworking

 

Choose from the 4 above; none are ‘wrong’ – each option will appeal to someone & that someone might be you. However, let’s focus on the benefits of coworking.

 

You quite likely will …

  • Save a significant amount
  • Opt into various perks ( who doesn’t love ‘complimentary’ coffee?!? )
  • Find flexibility ( month to month arrangements are commonplace )
  • Learn how easy it can be to ‘barter’ services &/or products with your community/tribe

 

What if …

 

… co working hasn’t yet come to my area?

Take heart: many visionaries haven’t yet pushed outside the top 25 metros.

As always, there’s a trail of ‘breadcrumbs’ that the profit motive will enable, bringing facilities to your city.

 

One pioneer shares his vision – click here to read a short Q&A w/ him.

 

How Does Co Working fit into the Gig Economy?

 

Jim Collins, in his terrific book, ‘Great by Choice’, taught us to be able to zoom in & zoom out.

 

Let’s zoom out …

 

… & answer this Q.

 

  • 1st, co working is similarly flexible.  Do your research & check as many options as exist in your area; most spaces heartily welcome entrepreneurs who don’t want to sign multi-year deals.
  • 2nd, the Gig economy spotlights project ( ‘gig’ ) based ‘work’; so does a co-working space. You can run this type of business easily & find much joy in the process
  • Next, this economy encourages interdependence, as does the coworking option. Your ‘benefits’ ( insurance, investment vehicle/s ) could very well come in a barter agreement with a sales pro who offers them to solopreneurs & sits right next to you in the space.
  • Last, your ability to be cash flow positive is accelerated; you can keep your prices aligned with your ideal avatars & earn more without having to pay steep lease or rent payments.

Suggested Profiles

 

Using hashtag #coworking as a starting point, I suggest 3 Twitter handles worth a follow:

 

Deskmag

 

kowrkdotcom

 

New Worker Magazine

 

If you happen to be in, or looking to move to, central OH …

… the options are a plenty! Here’s a quick primer on some tip top choices:

 

CoHatch

 

Brickhouse Blue

 

Haven Collective

 

&  Serendipity Labs

 

Fantastic ‘All in 1’ Resources

 

As with any topic, the internet is a treasure trove of goodness, when used for altruistic means.

 

Co-working is no exception to this mantra. Here are a handful:

 

https://www.visualcapitalist.com/visualizing-rise-co-working-spaces/

* the BEST. The infographic on the above from December 2018 is amazing!

 

Top 60 CoWorking Blogs, Websites, & …

 

From coworking spaces to who is …

 

In the Gig Economy, Coworking spaces …

 

In short …

 

  • What exactly is coworking? Let’s explore.
  • 4 options you have for locating your business.
  • The positives of choosing coworking
  • Coworking’s a big trend, yet it’s not everywhere yet. It will be, though. Stay tuned!
  • Coworking & the Gig Economy are ‘fellow travelers’ = deeply interrelated.
  • The Twitterverse, unsurprisingly, has valuable handles worth following

 

Thank YOU for reading!

13 Ways Leaders Re-Boot Employee Engagement In Business by @AngeKYoumatter

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13 Ways Leaders Re-Boot Employee Engagement In Business

by Angela Kambouris | Featured Contributor

Can you remember when you first joined your team, full of enthusiasm, passion, and determination you were going to make a difference? You are pumped with new ideas, strategies and palpable energy that would permeate the walls of any building.

Then as time progressed, days turn into months, your energy plateaued, your enthusiasm waned, and you began to feel disconnected. Frustrations mounted, roadblocks seemed like unachievable peak tops. If this sounds familiar, you are around great company. No one is immune to feeling alone, experiencing the same frustrations or at times the lack of productivity. All levels of the organization, including entrepreneurial leaders have experienced at some point the disconnect. The good news is that many have also risen above to confront and re-engage within their organization.

Here is a list of thirteen actionable ideas to re-boot engagement in your business.

Time is precious

Leaders must spend time with their team member, both formally through training, coaching, performance and informally through conversations, coffee and morning tea. By engaging in conversations that determine skill gaps, what you need to close the gap and the behaviors you want to change and impact with your team creates an opportunity to identify the priorities for the next 30 and 90 days, both individually and as a collective group. The power is in the conversation.

Results, not input

An emphasis must be on outcomes and the end results rather than input. Leaders must shift the responsibility to the employee to determine how individually they can work and fulfill their responsibilities. When leading others, employees must learn to see clearly that their success or lack of, is not determined by managers or circumstances but is in their own hands. Leaders empower people to become experts at leading themselves.  When you let people drive their results, they hold themselves accountable.

Can l see you?

Visibility within the organization, speaking at meetings with your people, channeling nervous energy into adding value, presenting information that taps into all representational systems – logical information, using body language, compelling visuals and engaging the audience, creates a space to bring your people along graciously. When you are clear about communication styles, inclusivity breeds.

Future leaders

You want your people to feel more connected and engaged, include employees in company strategy. People feel more empowered, it doesn’t cost anything, respect permeates the culture, people feel heard, different ideas are brought to the table and the identification of future leaders are revealed.

Collective thinking

There is strength in bringing together teams from different areas – internal or external – for a workplace lunch, industry conference or individually to work on a project. The power of collaborating, bringing fresh ideas, problem-solving or sharing best practice knowledge, cultivates strong professional relationships that benefit both people and business.

Walk and talk

Walk and talk meetings or mentoring walks lead to healthy minds and healthy business performance and productivity. When you get and move, immerse yourself in the fresh air you will be amazed at how productive people feel. It starts at the top.

Imagine having time to create what inspires you

Google introduced a 20 percent program where employees spend 20 percent of their time at work doing whatever they like. In a smaller company, a variation may be one week out of every 8 weeks to work on a passion project. By encouraging your people to work on side projects you promote skill development, learning of new technologies and an ability to explore untouched territories in the marketplace. Encouraging creativity makes sound business sense and it helps you attract the best talent.

4-Day week

Given the digital world has had a profound impact on everyday life, including work hours, companies are now looking at cutting their work week to 4 days a week resulting in higher productivity in business, more motivated staff and less burnout. In New Zealand, Perpetual Guardian, a trust company reported that since the pilot of a 32 hour week in 2018, there had been a fall in stress and an increase in staff engagement.

A personal assistant for the week

Giving a little help by hiring a personal assistant for a day or week to recognize the time and effort your people have put in every single day, creates ripples within your organization. A dedicated person to work through administration and menial tasks that must be done so the recognized person can have an opportunity to dedicate time to working on their passion project for the week. Imagine the ROI.

Employee Award ideas

Recognizing and rewarding the efforts of your people can be done in a fun and innovative way. Start with identifying the fundamental values within the workplace that you want your people to be alignment with and identify titles that can be celebrated once a month. For instance, rewarding improving the quality of customer service in the company, a title may be for an award “Customer Whisperer”; awarding a top performer may be “Hall of Fame” award; an appreciation award for making a difference to people within the company “The Master Yoda Award” and “The Marvel team” award that celebrates and appreciates team effort and results.

Meaningful words

Mantras help unite people under a common purpose, supports employees to humanely connect with your brand and product and is a uniquely powerful source of motivation. One way to leverage the mantra is by making it visible throughout the building on posters, t-shirts, or in a workplace manifesto painted on a wall in the building. Make it meaningful and watch how people embody your brand and unleash the power of your team.

Rapid-fire

One way to start the day is to create a sense of team spirit with a rapid-fire catch–up. Fifteen minutes of sharing your wins, roadblocks and focus for the day. Team conversations ensure all members are on the same page and have an awareness of how to best support each other.

Pulse performance

When you create environments where pulse performance practices are embedded that encourage regular feedback, monthly check-ins, ongoing discussions to ensure alignment with objectives, exposing blind spots and amplifying strengths, magic happens. Leadership development in today’s climate is non-negotiable. By coaching managers in providing feedback with an attitude of ‘what needs to be done next’ rather than rating past performance and induces dialogue on a deeper level as people want to be able to grow and be better. The more personal development opportunities within the organization, the more you will retain talent.

When you tap into the genuine commitment of unlocking the human potential within your organization, people re-engage, and success comes to those who dare to be brave.

Business vs Personal Auto Insurance—and Tips for Saving Money on Both by @rebeccacclark

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by Rebecca Clark

What started out as your small, online shop has started picking up steam. You’re expanding your customer base, hiring more employees, and getting ready to open up a storefront shop. You’re even adding a delivery service, which poses a question crucial to protecting you, your employees, and your business: how can you make sure you’re covered in the case of an automobile accident?

You have two (1) options: business auto insurance or personal auto insurance.

Business car insurance typically is used for covering employees whose job requirements include driving (especially long distances) to work with customers or clients. Some of these positions could include pizza delivery drivers, construction workers, or people who drive for rideshare companies.

Personal car insurance covers individual drivers of individual vehicles. If the only time you use your car for business purposes is picking up coffee for your co-workers in the morning or driving to lunch to meet with a key customer once a month, business car insurance may not be necessary.

Both types of car insurance are meant to protect drivers in the case of an accident that causes bodily injury or property damage; however, business vehicles post a greater risk to insurers than personal automobiles. Here is some more information about each type of insurance:

Business Auto Insurance

Pros:

  • Will free up resources by not requiring an internal employee to manage multiple insurance policies
  • Comprehensive coverage for every employee

Cons:

  • More expensive
  • Increased liability

How to Save:

  • Form a partnership. See if you can work out a discount between you and your insurer by referring your customers to your insurer.
  • Pay on time. Pay your full premium on time through your insurer’s preferred payment method.
  • Encourage safe driving. Hire employees with good driving records and invest in automobile safety (2) classes or refresher courses.

Personal Auto Insurance

Pros:

  • Personalized plans for each employee
  • Cheaper

Cons:

  • Riskier for the company
  • Will need to manage policies internally

How to Save:

  • First, learn about the factors that dictate your car insurance rates. Then shop around and compare car insurance policies (3) from multiple providers.
  • Consider your vehicle. An older-model mini-van is going to be cheaper to insure than the newest Porsche or Ferrari.
  • Raise your deductible (4). This will help lower premium costs.

Whether you decide to cover your employees using an umbrella business insurance or have your employees’ personal insurances cover them, having adequate car insurance is crucial to protecting this business you’ve built from the ground up. Consider the pros and cons to each type of insurance, consult with a professional, and watch your business grow all while keeping you and your employees safe. Best of luck!

—————————————————————————

Rebecca Clark graduated from Miami University with degrees in English literature and professional writing with a minor in creative writing. She works as an editor for a technical manual development company in Dayton, Ohio, and does freelance writing as well.

Trends to Watch in the final 365 days of the Decade by @SBSLEducSoltns

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by SJ Barakony | Featured Contributor

 

2019 awaits. How ready are you & your business for these 13 trends?

 

Can you believe it?! Yes, its true: we’re less than 2 weeks away from another New Years’ Day; so, let’s dedicate a toast to our businesses, our families, & friends!

Not only that … did you notice?  It’s also the last year of the first decade of the ‘new’ century.

 

Where were you on 01 Jan, 2010?

 

Was your business even open?

How did you communicate with your clientele?

Have you rebranded since then?

 

…  That’s NINE years ago, believe that!

 

The Mindset of the Futurist

 

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”  — Buckminster Fuller

 

#quotestoliveby #futurist 

( Click to Tweet the above )

 

Many thought leaders, chief amongst them the futurists, visionaries, and creative disrupters, know of Fuller. He laid this cornerstone of thought and its now part of his legacy, to be embraced by generations not yet born. It is from this core thesis that we’ll push ahead – unveiling a market basket of trends that your business will be impacted by in some manner in 2019 ( & beyond. )

 

 

A Bakers’ Dozen

 

Laying out 13 that I, as a futurist, am personally invested in tracking; each of these are invigorating and, in the hands of the benevolent & bold, will usher in as yet unknown amounts of potential energy to our nation(s), states/provinces, and localities:

 

Mobile revolution

Smart Cities

Blockchain / Crypto currencies

Gig Economy ( Conceptual Age )

Automation ( AI, Machine Learning, Robots )

Autonomous Vehicles \ Drones

Holistic Wellness ( > sickcare )

Decentralized [ social & news ] media

Self directed education & learning ( schooling & credential seeking )

Communities / tribes

Social enterprises ( modern mutual aid societies )

Principles > politics

Holocracy ( future of ‘work’/places )

 

 

In pursuit of a deeper understanding of the bright future which awaits

 

Even a rudimentary understanding of 1, some, or perhaps all of the 13 trends shared above won’t be embraced at deeper levels of awareness, acceptance, and consciousness without continually reading, listening ( podcasts, audio books ), & watching ( videos, webinars )

 

Two #mustread books in this space are linked below, to further illuminate your path.

I wholeheartedly suggest investing in them as a holiday/Christmas present for yourself & for those whom you hold most dear.

 

A Whole New Mind

The Code of the Extraordinary Mind

 

Suggested Follows out in the ‘Twitter’verse

 

Futurist Rankings by Ross Dawson

Generations Timeline – After the Millennials by Anne Boysen

Gold vs. Cryptos: Invest or divest … Here … from Gerald Celente

4 questions to test your intellectual humility via Daniel Pink

 

 

Don’t Argue, nor Debate

 

Instead, as we see, hear, and experience more & more creative disruption which impacts our professional sphere ( inc. our business’ cashflow, income streams, etc. ), shall we abandon the negativity, time loss, & win/lose (or worse, lose/lose) outcomes from arguing & debating?

I propose an equivalent swap of the above two non futurist, consumerist terms for those that produce & add value:   Discussion & rational discourse.

 

As 2019 dawns, I thoughtfully (channeling one of my many informal mentors, Mr. Dale Carnegie), throw down a challenge:

 

Whether with yourself ( self talk ), your staff, clientele/customers, or a prospect, engage in thought provoking win/win discussion or a structured rational discourse with him/her/them in the next several weeks

 

Word Play: Choices to make to embrace the transformation underway in our workplaces  

 

As we ascend the ladder from unconscious incompetence on up to unconscious competence, let’s fully embrace how exciting each of these trends will be in our ongoing entrepreneurial journeys & resolve to learn new words

Some which are becoming anchored to the past as these 13 futuristic trends continue to evolve, expand, & replicate:  ‘employee’ ; ‘hierarchy’ ; ‘college for all’ ; ‘health care’ ; ‘cash’.

Does this indicate that these (let alone others) will disappear forever? Not necessarily. Yet, the early adopters in our business networks will already grasp the above, and quite a number more will eventually ‘see’ as you have/will!

 

 

Websites, articles, blogs, & organizations: Learn More & Take Action

 

Define. Learn. (then) Do.

We’ve defined a vision for 2019 & beyond. With numerous resources are embedded in the post already, let’s expand your learning zone:, what if you want to self educate even more?!

 

Ever more important, investing time in additional concrete steps to ‘future’ prep your business venture would be wise. I’m applauding you proactively, if you choose to do so!

 

 

Trends Research

Future Frontiers

A-speakers

Mind Valley

 

Future Today

AdWeek.com

Visual Capitalist

Futurism Blogs

 

In short …

 

  • 9 years down, 1 to go in the decade #ThinkItOver
  • Suggested Twitterverse follows
  • A bakers’ dozen trends
  • The futurist rankings & further resources to dig into
  • Don’t argue, debate, or fight the existing; discuss & set time for rational discourse
  • Word swaps:  let’s ‘play’ on a 2020’s field
  • What’s coming is exciting & transformational; fear not!  Embrace. Encourage. Uplift.

 

Thank YOU for reading!

& …

Do People Take Your Business Seriously? by @CorpNetNellie

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by Nellie Akalp

The numbers are impressive: more than 11.6 million U.S. firms are owned by women, employing nearly 9 million people and generating $1.7 trillion in sales as of 2017. Want more? According to the National Association of Women Business Owners (NAWBO) study cited earlier, one in five firms with revenue of $1 million or more is woman-owned. So why do women business owners still sometimes feel like their businesses are not always taken seriously? 

Maybe because it’s true. A recent Freshbooks study found women business owners pay themselves an average of 28% less than their male counterparts. That’s due in part to 1) having to charge less than their male counterparts in order to attract customers and 2) not being taken as seriously as their male peers.

No matter what your industry, as a woman entrepreneur you’re going to face challenges your male peers will not. A 99 Designs survey found that although men and women may approach business in the same way, the results are often not the same—especially when it comes to funding. Men are twice as likely to raise at least $100K or more in funding than women, the survey found. Less funding means less ability to hire and grow. 

Most women entrepreneurs know they have to work harder to get clients, at least at the outset. But there are other tactics I’ve used in the past to make sure my male peers know that my business and I deserve respect.

  1. Change the language. Have you ever been overlooked or ignored in a meeting? In any group discussion, there are social dynamics determining who is being listened to and who is being shut out. Men have no problem being overbearing and loud to get attention, but if a woman acts the same way, she’s perceived as bossy and presumptuous. Try changing the way you speak to be more assertive. Use phrases such as “I strongly recommend…” and “My plan is …” to get noticed for what you say and not how you say it.
  2. Create valuable connections. It’s always been true in business: It’s not what you know but who you know. Making the right connections and turning those connections into referrals is a great way to overcome any barriers to being taken seriously. Having others vouch for your work can have a huge influence on getting new clients. Actively seek out valuable connections by joining trade groups, attending networking events and asking for introductions. Join women’s groups like NAWBO and Women’s Business Enterprise (WBENC). Chances are you’ll meet someone who knows the buyer you want to meet with. The more connections you make in your industry, the better chance you have of finding the people who can help you succeed.
  3. Own your accomplishments. In general, men and women start businesses in the same industries (with the exception of the arts and healthcare, which are primarily women-owned and run). Therefore, there’s no reason you shouldn’t shout your successes every chance you get. Besides marketing your business to the hilt, it’s important to become a prominent name in your field. Today it’s crucial to be knowledgeable about and visible on social media. Figure out which platforms most of your customers are on and get in their feeds. You can also reach out to social media influencers (people with a large number of followers) and offer to share your expertise with their audience. Market yourself to podcasters as an interview subject or panel guest; record webinars for your website and other websites. 

Remember, you are your business’s best spokesperson. Getting your face, your ideas and your knowledge out in public will go a long way to help your business be taken seriously.

Time = Gold (and … money = silver) by @SBSLEducSoltns

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by SJ Barakony | Featured Contributor

Putting Productivity ahead of Busy-ness in Business

 

“I’m so busy!”

“How are you? How’s business?  Busy!”

 

There are mild variants,  yet, the theme is constant: The individual is … say it with me now …. B-u-s-y.

Since when did our nation’s backbone, entrepreneurs, decide that this status was the end all, be all, in conversation, let alone in practice?

Let’s reframe. First, though, empathy & grace are necessary.

I know: There’s a LOT on your plate;  I’m sure many of these are on your calendar, scribbled on sticky notes, and/or are pop up reminders on your smart device:  Payroll. Review insurance coverage. Talk to the V.A; accountant; and/or financial advisor. Respond to client messages. Etc …

Still, we shouldn’t aspire to busy-ness; when we stop, if merely for a moment & reflect, we realize that as entrepreneurs, we’re solution providers & producers.

Thus, the more we produce, the more pro-ductive we are: it’s productivity which we should strive for, a 1:1 replacement for the ‘busyness’ that is our default answer to so many questions.

Painting a picture to aid in this mindset shift, we revisit the 1st few words …

 

Time = Gold.

 

… and now can move to implement this truth in our business first ( self-leadership ), then, model it for staff + customers, lastly, replicating it to other entrepreneurs in our network.

 

Those who are wise won’t be busy, and those who are too busy can’t be wise.”
― Lin Yutang

Click to Tweet

Lin Yutang #quote

 

 

Precious Metals

 

Gold :  

Time is an irreplaceable asset, just like gold. Gold is finite & very rare: Its value has held firm for thousands of years & once was used regularly in commerce worldwide. Just like there’s always been a 24 hour day, the amount of gold available for mining is constant; fluctuation in the ‘price’ of gold is due to the underlying currencies, just like your productivity ties to how well you lead yourself.

Silver :

Money is a reflection, a flag, which signals how much value you’ve added to the marketplace; your monetized service, product, &/or specialized knowledge is your entrepreneurial bridge b/w problem identified & solution provided. We look to silver now, as its value is also stable, yet it’s more abundant in nature than gold. So, with an abundance mentality x growth mindset, you know you can grow your share of this not fixed pie.

 

 

Two must read books

Without a shred of doubt, I wholeheartedly recommend both. Each has a high ceiling of potential energy which can be tapped to lead to dramatic improvements in your productivity & reduced busy-ness.

 

E-Myth: Revisited

The Fifth Discipline

 

Stephen R. Covey

He passed away over 6 years ago, gone & not forgotten as a pioneer; through his off the charts levels of contribution, we have much to tap into. The 4 quadrants is something to study often, & implement in short order.

 

Covey’s Time Management Matrix, in the written word

Or perhaps you’d learn better from a visual?

 

 

Suggested ‘Twitterverse’ Follows

 

A Helpful Guide to Becoming Unbusy by Joshua Becker

How to Stop Being Busy All the Time from Gus Razzetti

4 Ways to Break Free From Being “Too Busy” penned by Rikki Rogers , culled from The Muse

 

Leverage = Legacy

 

This concept is transformational.  Pulling from the vastness of the internet, here are two marvelous resources. Once you take this small two-step seriously, my advice is to keep going!

 

Kelly Azevedo

Amanda Abella


Systems Thinking?  

 

Its powerful.  In a previous post, you learned all about the power of principled self education.

Here’s a superb opportunity to practice what you read by visiting Donella Meadows ‘s website.

And if you haven’t yet bumped into this infographic, please, I implore you, dive in over the next 24 hours. Your income can become systems driven wealth through active application of this business truism.

 

In my ongoing discovery, I’ve repeatedly shared these maxims with those whom I mentor, in coffee 1:1’s, & elsewhere: Why? They’ve allowed me to run multiple business ventures at the same time, all while making strides towards being productive = gold = time & (more) passive = silver = money.

 

Next steps:

 

 

What can Westminster Abbey teach about implementing this content?!  

 

This inscription, when understood at a deeper level, reflects the ongoing value of lifelong learning.

 

Action Time

 

As with anything you choose to read, listen to, or watch, the truest formula = what you do next, how you proceed, & why?

Reflect, through meditation, prayer, yoga, or in a moment(s) of silence on this post, please, & thank you for reading!

 

In short …

 

  • A producer is productive; a consumer is busy. ‘Busy’ shouldn’t be a status, symbol, or state of being for the wise entrepreneur
  • Time = gold.  Money = silver.  Prioritize your irreplaceable asset;  focus on it and not on money (income, wealth) as #1.
  • Review the links to invest in 2 highly recommended books
  • Covey’s quadrants/matrix is a terrific tool in and by itself
  • Suggested Twitter follows & some of their scholarly tweets. #MustReads
  • Understand systems & leverage in your entrepreneurship education
  • Leadership starts with self

 

Who Benefits From Small Business Saturday? by @DeborahSweeney

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by  | Featured Contributor

I’ve blogged about Small Business Saturday, the festive holiday created by American Express, for close to a decade. Some of these articles have been from a small business owner’s perspective, such as how entrepreneurs can promote their participation to bring in more shoppers. Others have been from the customer standpoint, and how they can get involved as Neighborhood Champions.

As Small Business Saturday heads into its ninth year, it has been thrilling to see consumers opt to #ShopSmall during the holiday season. An estimated 108 million consumers shopped or dined at independent businesses in 2017. Beyond the holidays, 84% of consumers surveyed by the 2017 Small Business Saturday Consumer Insights Survey who were aware of the day shared that it made them want to shop with small businesses year-round.

This, of course, is amazing news for the small business community. However, I’m curious as to who benefits from Small Business Saturday beyond the obvious answer that is small businesses and their owners. Which industries receive a much-needed financial boost? What types of businesses are we heading to, state by state? And, what motivates us to keep celebrating Small Business Saturday?

Luckily, a Small Business Saturday infographic was released in the 2017 Small Business Saturday 50-State Survey by the NFIB and American Express last year. It outlined statistics on where consumers are heading on Small Business Saturday and in which states. Let’s take a look at some of the key findings.

Not surprisingly, consumers love to dine out on Small Business Saturday.

Foodies unite, state by state! The infographic from the 2017 Small Business Saturday 50-State Survey revealed that 41% of consumers dined out with their purchases.

Restaurants, bars, and pubs received plenty of foot traffic across the country. Some of the states that led the pack on Small Business Saturday, compared to the national average, included Missouri (43%), Montana (43%), and Oklahoma (45%). Bakeries trailed closely behind their restaurant, bar, and pub counterparts as well. While not as high in foot traffic volume as their eatery counterparts, states like Illinois (22%), New York (24%), and Massachusetts (22%) noted an uptick in visitation popularity.

There’s an endless range of reasons for why anyone would dine out on Small Business Saturday. Consumers could be taking a shopping break or eating with family and friends. 32% of consumers surveyed noted that it’s convenient to dine out at independently-owned businesses — and this could be why these places are heavily trafficked on Small Business Saturday.

Surprisingly? Pet and plant stores got a lot of love.

Maybe plants are less of a surprise here if you consider the holiday season is coming up fast. Small Business Saturday has long been sandwiched between Black Friday and Cyber Monday and consumers will want to beat the holiday tree, mistletoe, and poinsettia shopping rush at their local nursery. Plant stores are a standout in states across the country ranging from Arizona to Connecticut and Florida.

Groomers and pet stores were also reported to be pretty popular during Small Business Saturday 2017. Businesses in states like Colorado, Maine, and Minnesota enjoyed a healthy rise of shoppers on the holiday. Early pet prep for holiday family photos, perhaps?

Who actually benefits from Small Business Saturday? Everyone.

When asked why we celebrate small businesses on Small Business Saturday, consumers weighed in with various responses. There’s convenience at 32%, a more relevant shopping selection at 26%, and 46% agreed that the customer service is excellent. At 64%, however, consumers stated that they simply enjoy supporting their local community.

This ties back in with American Express’ mission for the day when it was first created. Small Business Saturday was meant to support small, local businesses everywhere. It takes small businesses, long considered the backbone of the U.S. economy, and strengthens them. Ultimately, this pays it forward to everyone. It allows small business owners to increase sales and hire more workers. This helps to boost the economy and community in the long run.

No matter what kind of business you run or the type of present you’re shopping for, Small Business Saturday is a universal holiday for every neighborhood. Everyone can enjoy it and everyone wins from it.

Deborah Sweeney is the CEO of MyCorporation.com which provides online legal filing services for entrepreneurs and businesses, startup bundles that include corporation and LLC formation, registered agent services, DBAs, and trademark and copyright filing services. You can find MyCorporation on Twitter at @MyCorporation.

Cooking for Cash by Holly Hurd of @VentureMom

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by Holly Hurd

Do your kids love your enchilada suizas? Are your friends begging you for your low cal lasagna recipe? Are your spiced pecans a hit every holiday season? You may think friends can cook like you or even love to cook. But that’s not the case. I can hardly boil water, and I would love for someone to cook for my family. And I’d pay them for it.

So many women love to cook and are getting paid to do it. Take Megan Ruppenstein for example, she began cooking great meals for her family and sharing her ideas with friends on the soccer sidelines watching her boys’ games. But when her friends said, “Would you just make extra for me?” she had an idea for starting a food business. With four boys to feed, she named her company Four Forks. Megan began by sending an email out to her friends a couple of nights a week, sharing what she was making and asking for orders. Customers would pick up their dinners at her home.

But her business grew, and she needed a bigger kitchen. Now she has a commercial kitchen and store front and offers prepared meals four to five days a week. The ordering process is completely automated and she’s rockin.

Another mom began making granola for her family around a recipe she developed herself. She shared her bags of handmade granola as gifts, and the fantastic feedback made her realize starting a food business with her granola could be successful. Naming her granola, By Hand, and using a hand drawn hand as her logo she was in business. Her son came on board and began selling the bags of handmade, By Hand granola to hotels creating a profitable business.

Cooking Sauce. Imagine your family’s marinara sauce in the local super market. That’s what happened when Stefanie Bhalla had an idea for starting a food business, “Launching the sauce business that we had talked about felt right to me. I could give part of the proceeds to leukemia research to honor my brother, and my own venture would give me ownership of my time.”

First step: Stefanie knew of a food incubator program at Cornell. She reached out to them to gain an understanding of the process of going from the stovetop to the shelves. “I worked with my Dad in a commercial kitchen to formulate a shelf-stable recipe for our sauce.” Due Cellucci specialty sauces was born.

Stefanie sent an email to everyone she knew—friends and family, business associates and her family’s restaurant patrons—and the orders started coming in. With an office at home, Stefanie ran the distribution center out of her dining room. Word of mouth fueled the growth of the sauce business. “When I got my first order from someone I didn’t know, I felt great. You offer this product with no idea if anyone will like it and ultimately buy it.”

What’s your specialty? Take your gift for cooking and use it to make money. Who knows, you could be the next Martha Stewart. She began by cooking for others.

Check out more Venture Mom stories at VentureMom.com.

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Holly Hurd is the founder of VentureMom.com, a web site devoted to profiling women who have their own businesses. Holly has interviewed hundreds of women with their own ventures, making her uniquely qualified to speak on entrepreneurship for the small start up. Her web site shows women how other women have created businesses out of thin air so they can do the same. The VentureMom Marketplace curates and sells the luxury goods these women offer
When she was only twenty-five, she was featured in Futures Magazine, USA Today and in Fortune’s “People to Watch” column for her exceptional work managing her own fund on Wall Street. She has put her life experiences to excellent use by creating VentureMom.com to provide women economic freedom.

Soft Skills aren’t ‘Soft’ by @SBSLEducSoltns

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by SJ Barakony | Featured Contributor

“Culture Eats Strategy for Breakfast” … and …. soft skills are the breakfast of  winners!

 

Did that subtitled quote ( thank YOU to the late Peter Drucker ) catch your eye?!

Good!

(It was meant to do just that, dear readers.)

 

We now dive into a deep pool …

In truth, an entire online library could conceivably be dedicated to nothing but them!

Thought leaders all across the globe, including many in your LinkedIn network, have spoken of their past experiences, spun stories, & shared wisdom nuggets through books, webinars, podcasts, & even created whole curricula focusing on these immensely valuable skills.

So, we’re just skimming the surface: Becoming self educated, role modeling a better ‘You, Inc.’ to your staff, clientele, & fellow entrepreneurs & revisiting your business culture would each be forward thinking outcomes.

 

Foundational Definitions

 

Soft Skills :  

Please click here , here , & here.

You might already be asking …  Are these the same as people … interpersonal … or life skills?      Yes.

 

Culture :

Excellent articles

1 … 2 … & … 3

 

 

Let’s now briefly discuss the inexorable connection between culture & soft skills in your business(es).

 

Are soft skills a necessary part of a vibrant entrepreneurial [workplace], culture?

 

A great number of signs point to a clear, resounding ‘yes’, since these skills are so often not taught in classrooms in all ‘tracks’ ( K-12, up to & including graduate level studies )

An entrepreneur is likely to become a magnet to others if she offers them as part of ongoing professional development for her staff, regardless of industry. If you’re dealing with confounding challenges that coaching or some other service pro hasn’t yet solved, or, maybe you just seek to expand, laser focus here;  you are onto something BIG.

 

What do others say?

 

Here’s a post well worth reading …

 

And this author comes to a like conclusion.

 

A personal story & opportunity to serve

 

My own entrepreneurial journey wouldn’t be nearly as rich without the visceral impact of these skills on my own ventures.

 

Through the fall of last year, I had the high honor of being a member of a nationwide committee

And, for that same organization, I was asked to be a co-panelist on this webinar.

 

If you’re offered anything similar, what’s commonly known as an influencer, as I was, please, I implore you: take it!

 

Our discourse at networking events, in business dealings with peers, levels of customer service, engagement & satisfaction amongst your staff, decreased turnover:

I truly believe all would benefit positively.

 

A Sampling of @Twitter Thoughts [from across the ‘Twitterverse’]

 

Future Learn

Vala Afshar

Scott Hartley

 

What soft skills should I focus on to improve my business’ culture?   

 

The answers will vary considerably from venture to venture, industry to industry. After all, this field is not barren; it is richly blossoming in content of all kinds which you can surely beta test, or go all in & fully invest your development dollars from the get-go.

 

 

Should I hire, fire, outsource, and/or promote with these skills as the key determinant?

 

Yes.

You can always get someone up to speed on ‘harder’ (read: technical) skills if you have an individual who understands how to prioritize ( time management ); whom has a good attitude;  who can work on any team and contribute; who knows how to resolve a conflict; and whom can build her leadership abilities through influence, vision, & service rather than expecting others to follow a title, or positional authority.

 

What’s the best way to deliver them?    

 

This, too, is flexible.

In a hyper competitive industry (e.g., real estate, insurance, financial services, banking), encouraging your staff, & leaving room in your own day for lifelong learning would be smart. Many of these professions already require ‘CE’ , however, incentivizing ongoing development of soft skills through ‘comp time’, bonuses, etc., will offer you a clear edge. Everyone else is aware of the former, while you also recognize the latter = difference maker.

Finding ways to collaborate with a services professional who offers group facilitation, mentorship, business coaching, or a consultant with focused training program would be a clear win:win.

 

Next steps:

Take action!  The Gig (Sharing/P2P) Economy moves infinitely faster than its predecessor eras. And, expecting that the conventional schooling institutions will begin to offer these skills so you won’t have to invest wouldn’t be advisable.

 

Learn more. If this post & the related links doesn’t yet convince you of their importance, attend a conference, lunch & learn, register for a webinar, or listen to a podcast that discusses professional development.

 

In short …

 

  • Soft skills should be taken very seriously
  • Culture is a foundational necessity.
  • If offered an opportunity to spread the word about soft skills, accept it with a smile
  • Fundamental challenges ( i.e., turnover, satisfaction, engagement ) can be solved at the root
  • Reconsider your standards for hiring, firing, and promoting staff.
  • Delivering soft skills into your culture can be done in numerous ways
  • Don’t stand still

 

________

Thank YOU for reading!

Principled and Phenomenal Self Directed Education: Podcasts by @SBSLEducSoltns

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by SJ Barakony | Featured Contributor

The ‘Why, Whom, How, When, & Where’ of Listening to Podcasts

Podcasting is a phenomenal medium for entrepreneurs in so many ways that it stood out to me as an ideal ‘sequel’ post to last month’s focus on self directed education.

Over a decade ago, as the entrepreneurial, “E” pathway in America quietly criss-crossed with the “C” pathway ( Corporate ), thereby becoming more viable & available to the masses than it had been since the latter decades in the 19th century; in parallel, many new educational options emerged to enable us to constantly learn outside of a classroom’s credentialized learning environment:

  • Webinars
  • Networking & business development combined [ e.g., H7 Network ]
  • audio books [ Audible & others ]
  • Seminars [ usually in person ]
  • Blogging
  • Podcasting
  • E-books

We’ve become more blessed than ever before, since its crucially important to be constantly feeding yourself the very best ‘brain‘ food as you pursue your dreams, turn those ideas into actionable strategies, goals, & plans, and, of course, serve your clients/customers thereby solving their problems, challenges, roadblocks, & pain points.

Mr. Chris Hewitt spoke of “‘The 4 P’s of Podcasting’ : Permission; Personality; Passion; Profit.”

[ ClicktoTweet this; it’s catchy!: https://ctt.ac/dSJUe ]

Here’s the fantastic article from the spring of 2018 which discusses these 4 P’s in far greater detail:  How to Turn your Idea into an Audio Hit – it’s well worth reading.

Why should I listen to podcasts?

Building further on the foundation of those P’s , podcasts are:

 

  • Highly portable’ via any smart device that huge majorities of us carry everywhere.
  • Their content “seeps in” easier during more ‘mindless’ activities, like many household chores.
  • They’re easier to adopt and grow a lifelong learning mindset than sitting down to read.
  • A majority of hosts & their created/curated content is NOT taught in conventional schooling courses/curricula.

 

Where & When to listen?

From my own story, I encourage everyone to listen anywhere & anytime they possibly can; you might be surprised at the opportunities in ‘cracks’ of time that you’ve not thought of!

 

  • Grocery shopping & other errands
  • While driving
  • During solo meals
  • Household chores as a positive add-on ; replace mind numbing television with a podcast episode or three.
  • Working out

 

How might I listen?   I’m so ‘busy’ !?

 

That’s one of the oldest mantras you’ll hear, and likely have used many times; let’s toss it aside, since we all have had the exact same number of seconds, minutes, & hours in our days since the beginning of time.

Trust me in this:  If you bucket your day into what we might call ‘time investments‘; ‘time expenditures‘; and ‘time wasters‘, you’ll be able to find and/or create the time to answer this to your own satisfaction.

 

Whom should I listen to?  

The number of options are mind blowing!

 

  • Over 550,000 active shows
  • 18.5+ million episodes
  • 100+ languages

Source & all credit to:   https://www.podcastinsights.com/podcast-statistics/

 

Whom?  Part 2 : Top 10(+1) List

 

With that many options, it’s beyond clear that this post is only scratching the tiniest portion of the surface of what’s available.

Yet, I’m confident that each of these are well worth your time investment; please either listen to an episode from the below sample &/or subscribe right away. I heartily welcome your feedback, both on this post and/or through my social channels, after you’ve done so.

 

 

The Rich Dad Radio Show w/ Robert Kiyosaki

  • Jan 31 (2018) : Blockchain will Change Everything in Business ; July 4 (2018) : Find out How Financial Education Sets You Free

How I Built This w/ Guy Raz

  • June 25 (2018) : Lyft: John Zimmer ; March 26 (2018) : Atari & Chuck E. Cheese’s: Nolan Bushnell

Igniting Souls w/ Kary Oberbrunner

  • July 27 (2018) : Why podcasts grow your … (Jeff Brown interview) ; August 3 (2018) : Why your freedom, finances, & fulfillment … ( David Branderhorst interview )

The Go Giver w/ Bob Burg

  • 120 : My New Favorite Story ; 086 : Business is for Kids – JJ Ramberg

Entre Leadership

  • 267: Gary Kelly – Leading Through Tragedy ; 262 : Daymond John – Rise & Grind

Isaac Moorehouse

  • 138 : Bryan Caplan on The Case Against Education ; 128 : Robert Murphy on Austrian Business Cycle Theory

Success to Significance hosted by Rick Coplin **

  • StS035: How to be an Extraordinary, Life Centered Mentor ; StS001: Get Out Before They Carry You Out

** the podcast is on hiatus & will resume with season II

School Sucks

  • 567: Noah Tetzner – The Unschooler Podcast Star ; 550-51 : Blake Boles – What It Means to Be Educated

Our Modern Heritage

  • 023: The Importance of Soft Skills to Prepare for the Future ; 035: Kirstynn Evans – Starting a Business with Your Child

Conversations on Communications w/ Joel Kessel

  • 033: Let’s Not Lose Sight of Basic Fundamentals ; 028 : The Most Damaging Thing to a Child

Columbus Entrepreneurs

  • 026: Claire Coder of Aunt Flow ; 006: David Butcher , FlyBy Entrepreneurship

 

In short …

  • There are so many ways to be self educated; create & expand your lifelong learning culture & related habits.
  • Know of the 4 P’s to podcasting.
  • The answers to the Why, When, & Where Q’s are more valuable than How.
  • Feel welcome to start, or grow, your podcasting habit by listening in to any of the ten/10 recommended hosts & sample episodes above.

________

Thank YOU for reading!