Tag: Women Entrepreneurs

15 Ways to Become an Extraordinary Entrepreneur

Posted on: womenentrepreneursecrets.blogspot.ca

Written by Kelly O’Neil: Kelly O’Neil, is the Founder and CEO of Kelly O’Neil International, best-selling author and award winning brand marketing strategist, is one of the most sought-after brand marketing and results coaches for conscious entrepreneurs and aspiring women leaders.


I believe that excellence is never an accident. This is a mantra I’ve long used in both my personal life… and my professional life. Excellence is the result of high intention, sincere effort, intelligent direction, skillful execution, and the vision to see obstacles as opportunities.
Excellence leads to extraordinary things. But you aren’t born extraordinary. You have to work at excellence — foster it, nurture it, educate it. How? One way to effectively embrace excellence and step into extraordinary is by recognizing common traits among extraordinary individuals. Over the years of working with amazing entrepreneurs, I’ve identified these 15 traits as markers of true excellence. Recognize them — and work toward achieving them yourself — and you’ll be well on your way to eliminating mediocrity and becoming a high performer in your industry… and reaping the rewards of that commitment.

High-Performing Entrepreneurs:

  1. Aren’t just working for the money. They care about their company beyond the profits and take great pride in its performance, impact on society, and ability to help others through its offerings.
  2. Are truthful. They do what they say they are going to do, when they say they are going to do it. People know they can count on them time and time again.
  3. Embrace opportunities. They look for — and find — opportunities to improve themselves, their work, and their business. Others? They see no opportunity.
  4. Are focused on solutions. They don’t bring problems to the table without recommending a solution.
  5. Focus on CAN. High performers focus on what they can do rather than what they can’t accomplish.
  6. Don’t blame. High performers take responsibility for their actions and outcomes (or lack thereof). When they make a mistake they own it, fix it and learn from it.
  7. Are busy, productive, and proactive. While most people waste too much time planning, over-thinking, sitting on their hands or going in circles, high performers are out there getting the job done.
  8. Are life-long learners. High performers constantly work at educating and improving themselves, either formally (through academics), informally (by watching, listening, asking, reading, etc), experientially (by doing, trying)… or by employing all three educational strategies.
  9. Consistently do what they need to do. No matter how they feel or what curves life has thrown their way, they get it done. High performers don’t let life become an excuse and don’t allow their personal life or mood to impact their work. They work extra hours, nights, or weekends if they need to.
  10. Have a desire to be exceptional. They will typically do things others won’t do. Becoming exceptional is a choice, and high performers are committed to that choice.
  11. Accept feedback. High performers aren’t just open to feedback, they are more likely to act upon it.
  12. Set higher standards for themselves. The result? Greater commitment, more momentum, a better work ethic and (of course) better results.
  13. Are more interested in effective than easy. While the majority of people look for the quickest, easiest way, high performers look for the course of action that will produce the best results over the long term.
  14. Finish what they start. While so many people spend their lives starting things they never finish, successful people get the job done — even when the excitement and novelty have worn off. Even when it’s not fun.
  15. Are resourceful. High performers don’t wait around for someone to hand hold them through something. They figure it out and get it done.

 

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Startup Alert: UrbanSitter

UrbanSitter  is a startup that  helps parents find sitters based on their availability within their community. The company ustilizes social media especially Facebook.  The company reviews a babysitters experience working for Facebook friends and friends of friends. UrbanSitter just secured $1.75 million in seed funding for product development, such as mobile bookings, and new features, including online payments to sitters. The capital will also go toward expansion into new cities.

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Startup Alert: UK Based Naturally Cool Kids

 

British entrepreneur Fiona Wood spotted a gap in the crowded natural skincare market. Wood wanted to use only natural products on her children’s skin, but often found herself having to compromise for chemical-laden sunscreens in the summer, and petroleum based decongestants in the winter.

A qualified beautician Wood has launched two new children’s skincare products.

Her startup has won a British business plan competition, the Barclays Take One Small Step competition last year. She received £50,000 pounds to start her business, after moms across the country voted for her idea.

After nine months of product development, Naturally Cool Kids launched its first range of six natural products in March this year, including sunscreen; lip and cheek protector; vapour stick and a DEET-free insect repelling band. Wood’s award-winning range is now stocked by John Lewis, Amazon, The Nutri Centre and independent shops up and down the UK

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10 Tips for Women Entrepreneurs Seeking Angel Funding

From FOXBUSINESS.COM Written By

Women still make up just a small percentage of business owners seeking angel investment to start or grow their business.  

But, according to the University of New Hampshire Center for Venture Research, A . The center also found that when an angel investment group is comprised of a small percentage of women, the group is more cautious about investing – compared to investment groups made up of more than 10% women, which are associated with increased investment.

Both of these findings support the idea that more women with good business ideas should seek financing for their operations; and if they can find investor groups comprised of at least a few women, their chances of getting funding are even greater.

So how does a female entrepreneur ensure her success in proving a viable business worthy of funding?

“It’s certainly important for women to understand that what will keep them in leadership is meeting their numbers and just continuing to do an excellent job in leadership,” said Stephanie Hanbury-Brown, founder and managing director of Golden Seeds, an angel investment group dedicated to funding women entrepreneurs. “When you are, there’s nobody happier than your board and investors. The more confidence a woman has about her ability to succeed and her ability to meet her numbers and her ability to realize her dream for herself and her product, the more confident she is.” 

Here are several tips on how to go about seeking – and receiving – angel funding, offered by Hanbury-Brown and several successful female entrepreneurs:

1 Network. It’s often a friend of a friend of a friend or associate who may know someone with the right kind of wealth looking to fund a good idea. It’s also beneficial to talk to as many people as possible who have sought and received financing to become familiar with the process.

“We just kept reaching out to more and more people. Every time we talked to one person we learned something … it really became this educational series of meetings that led us to really get a good grasp on the next steps to take,” said Whitney Trujillo, co-CEO and co-founder of Daily Deals for Moms, which began seeking financing in April 2011 and closed on the first round in June.

2.     Get a good lawyer. Find a lawyer, preferably one who is familiar with your specific industry and the investing process.

“It’s not something to use a family friend on,” Trujillo said. “This is something to really find a lawyer who has done this before and has a good understanding on how to structure it. In the end, they end up giving you a lot of good advice.”

3. Know your idea/product inside and out before putting forth a proposal. “It’s easier for me to pitch an idea if I’ve got it up and running and a demo – something I can show I take it a step further than just PowerPoint slides,” said Nina Sodhi, CEO of mobile startup Blu Trumpet, backed by IAC and owned and operated by Hatch Labs, Inc.

Putting together a prototype of your product helps investors – and you – get a better sense of how it all works. “Why would they invest if I haven’t bothered to build it?” Sodhi said.  “Have something to show when you go in to have an investor conversation. I get confidence from that, and I understand more of what I’m talking about.” 

4. Be confident in yourself and your business or idea. “We really knew and still believe we have something really, really special here and that really helps,” said Daily Deals for Moms Co-CEO Ashley Kingsley. “It’s certainly a big learning curve, but once you’re passionate and believing in what you’re doing … it sort of seems to move along.”

5. Keep it short. “The more you say in an investor pitch, the more there’s risk of confusion,” Sodhi said. “Keep it simple. Keep it to the high points and put an effort up front to understand what the high points are.”

 6. It’s not all about money. Seek out investors who can bring something other than money to the table, such as a social media or marketing background.

“We just really picked the people we wanted to work with,” said Trujillo. “With each of our investors, we really tried to make sure they were aligned with what we were, but also that they each had something to bring to the table to grow our business. That made it less intimidating because we had a really great group of investors.”

7. Follow up. Be sure to keep in contact with anyone who might know a potential investor or can put you in contact with probable funders.

8. Expect your first proposal to bomb. “Very few people are successful in their first attempt,” Sodhi said. “Just get through your first four attempts as quickly as possible so you can get to your fifth” successful attempt. “I think that’s one of the things men have figured out – they just throw themselves at a problem over and over again and don’t get hampered by the results.” 

9. Practice…a lot. Pitch your idea as much as possible before your “real attempt” in front of an investor board – that can include elevator pitches, or informal pitches or demos to potential investors.

10. Don’t sell yourself short. Many women may take less money than what their idea is worth in order to make sure their business gets off the ground.

And don’t give up more control than what you are comfortable with. “We don’t fight for our vision – we do listen to what people have to say and that makes us better executors,” Sodhi said. “Having more people at a table is actually a better outcome and I think women understand that. As a result, they’re willing to give up another 10% to help the company along.”

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Fashion Phenom Rent The Runway Raises Big Cash

Rent The Runway has become one of the most successful fashion oriented startups by following the Zipcar business model. Allowing  women  to rent designer clothes for  for about 10% of the purchase price. They have started a whole new industry.

In the past 18 months,  it has enticed a million members to join the service. Each week, another 40,000 new members sign up, the company said. The company has raised $16.5 million from venture capitalists, and grown from a few employees to 51 staffers, prompting a move to larger offices in downtown New York.

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Mompreneur Start Up: NuturMe Baby Food

NurturMe baby food can help moms  lessen the load of their diaper bags. Caroline Freedman and Lauren McCollough have created this hot startup, which in 10 months of business has quitupled its sales force and received national orders from Whole Foods and Target.

Their baby food is a  powder-like mixture that is quick-dried from 100 percent organic veggies and fruit . Sealed in flat, single-serve pouches that weigh less than half an ounce, they’re perfect for purse, pocket, glove compartment, or diaper bag. Just add water or breast milk, stir, and serve. No clanking jars.

Choose from peas, squash, apples, and sweet potatoes; serve alone or blend for variety. The quick-dry process doesn’t cook off vitamins and minerals, so each portion is packed with the maximum amount of nutrition. Without any extra baggage. The founders found a problem and solved it.

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Angel Investors Group For Women Entrepreneurs

I just found out about an innovative investors group targeting women entrepreneurs only.  

Over the past few years Golden Seeds, a rare angel investor group devoted exclusively to funding women-led and owned businesses, has poured more than $16 million into 26 companies. These select companies represent a small fraction of the more than 1000 companies that have submitted business plans and the 300 entrepreneurs who have presented at the group’s monthly forum, a yield rate typical for angel investors and venture capitalists.

The investment mission is simple: to champion women investors and women entrepreneurs because of a core belief that both men and women in management and in the boardroom together make better decisions and produce superior results. This is a fantastic initiative to spur and grow women led companies. Investors in Canada should take note.

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