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Top Tips for Women Entrepreneurs

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====================

Women are increasingly leaving their employers to start their own
enterprises. This article provides 7 tips for how to increase the
likelihood of success. 


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723 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2008-09-03 11:24:00

Written By:     Lois P. Frankel, Ph.D.
Copyright:      2008
Contact Email:  mailto:[EMAIL PROTECTED]



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Top Tips for Women Entrepreneurs
Copyright (c) 2008 Lois P. Frankel, Ph.D.
Corporate Coaching
http://www.corporatecoachingintl.com



By now it's no secret that women are leaving corporate America
to start their own businesses at twice the rate of men.
Statistics show that over 75% of women-owned enterprises open for
business in 1997 were still operating in 2000. That's about
equal to the survival rate of all U.S. businesses. Recent data
also indicates that women invest more in their businesses than do
men. Which just goes to show - women have it what takes to run
and maintain successful operations.

If you're in business for yourself (or thinking about starting
your own company) there are some things you can do to not just
survive, but thrive. Over the past two decades I've grown my own
coaching and speaking business in excess of 850%. Here are some
coaching tips for how you can grow your company:

1. Follow Mrs. Fields Recipe for Success. Debbi Fields, founder
of Mrs. Fields Cookies, once said it was all about passion,
persistence, and perfection. Whether it's starting a non-profit
organization or a for-profit business, you're going to put a lot
of time and energy into it. Your focus has to be directed toward
something you are so passionate about doing - and doing well -
that nothing can deter you from success.

2. Develop a clear vision of where you want to go and a strategy
for getting there. Many entrepreneurs with great ideas fail
because they think their product or service should sell itself.
They work hard, but not smart. Your vision of where you want to
be a year, five years or even six months from now will guide your
day-to-day actions. Write it down then develop specific and
measurable steps for how you're going to achieve it.

3. Create a distinctive brand. There are thousands of
motivational speakers, meeting planners, and trainers marketing
their services. What distinguishes you from your competition?
Rather than try to be all things to all people, create a narrow
niche that identifies you as an "expert" in your field. Author
Barbara Stanny uses the tag line "The Leading Authority for
Women and Money." I use "Get and Keep the Job You Want." Make
your brand synonymous with your area of expertise.

4. Think and act BIG. When Jamie Foxx accepted the Academy Award
for the starring role in the movie Ray he thanked his grandmother
for teaching him to "act like you've been somewhere." Big is
relative. You may never aspire to be the biggest agency, but you
should act as if you already are. Doing so causes you to see
things and consider options you would otherwise overlook or think
impossible. When I started my business I put thousands of dollars
into marketing materials at a time when I could ill afford to do
so. But it made me look and feel competitive. I had to live up to
the "big" image I conveyed to potential clients and eventually
my firm became big.

5. Be a continual learner. Entrepreneurs become so involved in
day-to-day operations and challenges that they miss new trends or
information that could help them to remain competitive. Couple
that with the fact that women have additional family
responsibilities, and it seems as if there's never enough time
to stay current. Each week schedule a thirty minute meeting with
yourself where you read a professional journal or in other ways
spend time staying current in your field. It's the only way to
grow professionally along with those you serve.

6. Network, network, network. Not only will your network
connections help bring attention to your product or service, it
will provide you with connections that you need to run your
business efficiently and a stream of information to keep you
up-to-date in your industry.

7. Ask for help. One of the biggest mistakes a business owner can
make is thinking she has to go it alone. There's no need for you
to reinvent the wheel when there are people out there who have
been there, done that. Many cities have free services for small
business owners through the SBA and there are business coaches
who cater to entrepreneurs. (692)

Dr. Lois Frankel is President of Corporate Coaching
International, a Pasadena, California consulting firm, and author
of the international bestsellers Nice Girls Don't Get the Corner
Office, Nice Girls Don't Get Rich, and See Jane Lead.






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