“Money, time and results . . . “
This month, we noticed that there were three themes that were frequently discussed during the May 2013 Her Corner meetings. As I met with our facilitators to discuss the overarching topics that members seemed to be working through right now, we determined that all of these were important enough to capture and share with our members. And so, this month, we’re sharing three themes that came up repeatedly during the May Her Corner meetings:
The first theme is a consistent one – access to money in order to grow. Underfunding a business cannot only stall growth; it can also hurt a business’s chances for survival. So how do we get smart on ways in which we can access money? One of my favorite books this year was called “A Rising Tide” written by a fellow at the Kauffman Institute. In the book there are many resources for women business owners looking for access to capital. On a local level there are some wonderful resources, some of our community banks, including Xenith Bank, Eagle Bank, and M&T Bank are great places to start, or micro-lending bank, One Degree Capital, where member Dana Taylor can share her personal experience and how she found them. But what about Kickstarter Campaigns, lines of credit or loans, angel investors and venture capitalists? I asked some of our members who work in this space to share articles they thought would be relevant to our members. (See below)
The second theme revolved around the sentiment of frustration at how much work these businesses demand, especially if a business hasn’t yet hired staff to help run the business. In fact, the frustration also touched on the fact that many women built companies to have more flexibility, including the flexibility to take some time off during the summer and enjoy life a little more. But the ability to do that seems very challenging, especially when we work so very hard. There is one member whom I really admire: over the course of her business with her husband, they have managed to raise 3 children, she’s an avid rower, they take wonderful vacations (they’re just back from 2 weeks in South Africa) and enjoy weekends on their boat. Catie O’Keefe is a wonderful reminder and example that it can be done, even if the rest of the time you have to work really hard to take that time off. Again, we asked some of our members for articles on striking the balance between the intensity of growing and running a business and enjoying life too. (See below)
Finally, a very interesting theme came up this month that is driving some creative solutions that I loved hearing about! Accountability, motivation and productivity: the need to stay focused on results in order to achieve our goals, and the challenge of remaining productive day in and day out while fighting distraction. While Her Corner assigns accountability partners, some find that’s not enough. I was delighted to hear Her Corner facilitator Maxine Teller share that some members are now setting up working sessions with one another over the next few months to ensure that they have productive blocks of time. It’s a terrific way to remain motivated and to think creatively with another person or two in the room!
As always, from all of us here at Her Corner, we hope you will enjoy learning from your fellow members and maybe even take advantage of one of their offers!
Here’s to your continued business success!
Founder, Her Corner