How women can contribute as an entrepreneurs.Discuss by giving examples of few buisness
Answers
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1) Empower the woman leader within. Women lead differently than men; qualities such as being holistic, collaborative, inclusive, and consultative are strengths that will help you succeed in a global economy.
Theresa Daytner is founder of Daytner Construction Group, which manages and constructs multi-million dollar projects. The company is one of Inc.’s 2011 500 Fastest Growing Companies. Daytner places great importance on shared vision, values, and goals. She included her staff when developing the company’s vision and goals. Everyone who works for Daytner knows how each person contributes to the bigger picture, which makes the company more successful, she says.
For Jana Francis, founder and president of Steals.com, a network of daily deal sites aimed at women, it’s not just about her employees, but her customers and vendors as well. She takes the concerns of customers seriously. The sites don’t overwhelm women with tons of offers. Each site focuses on two deals per day, each specifically geared to the women who visit the site. Products are in stock and ship the same day. Vendors don’t get more orders than they can handle and customers get their order almost immediately. Not so for other daily deal sites.
Successful women entrepreneurs don’t just take time to consult with others; they listen to them as part of their strategic planning process. For Cristina Mariani-May, Co-CEO of Banfi Vintners, a family winery, listening is how she’s built a thriving business. The right relationships can help you enter new markets, expand product offerings, source suppliers and employees, spot challenges and grow the business.
2) Own your destiny. In Women CEOs Dish: 4 Secrets to Fast Growth, the women I interviewed discussed how coming up with their own definition of success allowed them to become masters of their destinies.
If you push only to the edges of your comfort zone, content with what you have, your growth may be stifled. “If you have your mind on growth and success, that will flow to your employees and support team,” says Deborah Sweeney, CEO of MyCorporation, a document-filing service company. “Engaged leaders who think big and are passionate about business growth are far more likely to see growth and success than those who are merely content.”
Whenever Dareth Colburn reaches a goal, she sets a higher one. The founder of USABride sells wedding accessories online, used to think that making $1 million was an impossible dream. After all, she’d started with five veils and five tiaras, $30,000 in debt, and work out of her apartment. But when the first $1 million came, she moved her target to $3 million, then to $5 million.
“Entrepreneurs who made it really big also lost really big,” says Gloria Larkin, president of TargetGov, which helps companies sell to government agencies. Women are uncomfortable with losing but unless you’re willing to risk it all, you can’t win it all. Or, as Woody Allen said, “If you’re not failing every now and again, it’s a sign you’re not doing anything very innovative.”