Categories
Networking

Attending Events: A Crucial Element in Growing a Small Business

Article Contributed by Michele DeKinder-Smith

Women business owners are constantly bombarded with opportunities to attend events. Whether the events focus on networking, business building or creating a desirable work-life balance, these events are constantly touted as life-changing, knowledge-building and business-growing. Female entrepreneurs may wonder why there are so many events out there – and whether they’re effective.

Savvy business owners, coaches, consultants and educators create events to help others find success – and by choosing to attend an event that fits her specific needs and desires, and by then putting her new knowledge to use once she returns home, an entrepreneur greatly increases the likelihood of getting a good return on her investment. .

Here are some points to consider when deciding whether to attend an event – and if so, which one:

Knowledge is Profit: Research shows that when a female entrepreneur invests in her business by investing in her own knowledge, she sees a huge payoff. New knowledge can be the key that jumpstarts profitability in any business because it increases an entrepreneur’s effectiveness in the area of focus. If it’s knowledge an entrepreneur is after, then she should select an event based on how well it will cover the areas where she feels she needs more information, such as marketing or business plan development. Because live events often do require a substantial investment, a business owner should read through the material carefully to ensure that she will learn exactly what she needs to know during the event.

Recharging is Vital: Every hard-working female entrepreneur runs the risk of falling into the day-to-day rut of running a business – especially when things are going less smoothly than she would like. In cases like this, attending an event can revitalize a business owner. Simply getting into a new environment, being around new people – and getting away from the confines of her office – may provide her with a much-needed break from the daily grind. When she attends an event designed to meet her needs, the business owner then has the opportunity to gain new knowledge while recharging. No one operates well when they’re exhausted and drained. To operate at the high levels of performance most female entrepreneurs demand of themselves, they must take time out to refuel – and sometimes that’s as easy as getting a change of scenery among a group of like-minded professionals.

Networking is Crucial: Sharing experiences with other women in her shoes can greatly improve a woman business owner’s experience, outlook and attitude, as she works to grow her business. Attending an event with other women of similar mindset can provide a stimulating environment in which to share ideas, success stories and even hardships. Also, it can provide an opportunity for women to find partnership or affiliate opportunities that can stimulate growth. Finally, every woman business owner needs a support system; attending events is an excellent way to build such systems.

For female entrepreneurs, knowledge, recharging and networking are vital components when seeking business growth and personal improvement. Attending an event – one that is designed to meet her specific needs in a certain area – is a fun, easy and educational way to get all three!

About the Author:

Michele DeKinder-Smith is the founder of Jane out of the Box, an online resource dedicated to the women entrepreneur community. Discover more incredibly useful information for running a small business by taking the FREE Jane Types Assessment at Jane out of the Box. Offering networking and marketing opportunities, key resources and mentorship from successful women in business, Jane Out of the Box is online at www.janeoutofthebox.com

Categories
Networking

Attending Events: A Crucial Element in Growing a Small Business

Article contributed by Michele DeKinder-Smith

Women business owners are constantly bombarded with opportunities to attend events. Whether the events focus on networking, business building or creating a desirable work-life balance, these events are constantly touted as life-changing, knowledge-building and business-growing. Female entrepreneurs may wonder why there are so many events out
there – and whether they’re effective.

Savvy business owners, coaches, consultants and educators create events to help others find success – and by choosing to attend an event that fits her specific needs and desires, and by then putting her new knowledge to use once she returns home, an entrepreneur greatly increases the likelihood of getting a good return on her investment.

Here are some points to consider when deciding whether to attend an event – and if so, which one:

Knowledge is Profit

Research shows that when a female entrepreneur invests in her business by investing in her own knowledge, she sees a huge payoff. New knowledge can be the key that jumpstarts profitability in any business because it increases an entrepreneur’s effectiveness in the area of focus. If it’s knowledge an entrepreneur is after, then she should select an event based on how well it will cover the areas where she feels she needs more information, such as marketing or business plan development. Because live events often do require a substantial investment, a business owner should
read through the material carefully to ensure that she will learn exactly what she needs to know during the event.

Recharging is Vital

Every hard-working female entrepreneur runs the risk of falling into the day-to-day rut of running a business – especially when things are going less smoothly than she would like. In cases like this, attending an event can revitalize a business owner. Simply getting into a new environment, being around new people – and getting away from the confines of her office – may provide her with a much-needed break from the daily grind. When she attends an event designed to meet her needs, the business owner then has the opportunity to gain new knowledge while recharging. No one operates well when they’re exhausted and drained. To operate at the high levels of performance most female entrepreneurs demand of themselves, they must take time out to refuel – and sometimes that’s as easy as getting a change of scenery among a group of like-minded professionals.

Networking is Crucial

Sharing experiences with other women in her shoes can greatly improve a woman business owner’s experience, outlook and attitude, as she works to grow her business. Attending an event with other women of similar mindset can provide a stimulating environment in which to share ideas, success stories and even hardships. Also, it can provide an opportunity for women to find partnership or affiliate opportunities that can stimulate growth. Finally, every woman business owner needs a support system; attending events is an excellent way to build such systems.

For female entrepreneurs, knowledge, recharging and networking are vital components then seeking business growth and personal improvement. Attending an event – one that is designed to meet her specific needs in a certain area – is a fun, easy and educational way to get all three!

About the Author
Michele DeKinder-Smith is the founder of Jane out of the Box, an online resource dedicated to the women entrepreneur community. Discover more incredibly useful information for running a small business by taking the FREE Jane Types Assessment at Jane out of the Box. Offering networking and marketing opportunities, key resources and mentorship from successful women in business, Jane Out of the Box is online at www.janeoutofthebox.com

Categories
Planning & Management

Two Entrepreneurs Track Performance for Future Success

To know where a business is going, an entrepreneur must know where it’s been. In setting and achieving effective goals for her company, then, a business owner should study its past performance and the performance of its many systems.

A recent study from Jane Out of the Box, an authority on female entrepreneurs, reveals there are five distinct types of women in business. Based on professional market research of more than 2,500 women in business, this study shows that each type of business owner has a unique approach to running a business – and therefore each one has a unique combination of needs. This article outlines two of the five types and provides tips for tracking a business’ systems and using information gleaned during that research to provide a strong future.

Tenacity Jane is an entrepreneur with an undeniable passion for her business, and one who tends to be struggling with cash flow. As a result, she’s working longer hours, and making less money than she’d like to be. Nevertheless, Tenacity Jane is bound and determined to make her business a success. At 31% of women in business, Tenacity Janes are the largest group of female entrepreneurs.

For this business owner, measuring performance is absolutely imperative because doing so will allow her the opportunity to see which systems are working and which aren’t, and therefore, to better leverage her limited resources.

By talking candidly with customers, Tenacity Jane can learn a lot about which aspects of her company bring in money, and which do not. Many Tenacity Jane business owners lack a singular focus, and therefore, they are working on a variety of things at once. It’s likely that a Tenacity Jane may try advertising in several venues at the same time, believing that if she advertises in many places, she has a better chance of catching a customer’s attention. However, she may be better served by her marketing efforts if she performs some research to determine where customers are really finding out about her. For example, let’s say she’s spending several hundred dollars per month advertising in the newspaper and on the radio. In talking to customers, she learns that most of them don’t read the newspaper, but they heard her ad on the radio. She could save money by skipping the newspaper advertising, or make her spending more effective by pumping it only into radio advertising.

Accidental Jane is a successful, confident business owner who never actually set out to start a business. Instead, she may have decided to start a business due to frustration with her job or a layoff and then she decided to use her business and personal contacts to strike out on her own. Or, she may have started making something that served her own unmet needs and found other customers with the same need, thus giving birth to a business. Although Accidental Jane may sometimes struggle with prioritizing what she needs to do next in her business, she enjoys what she does and is making good money. About 18% of all women business owners fit the Accidental Jane profile.

Many of the Accidental Jane entrepreneurs we interviewed expressed a high level of contentment. They are happy with the amount of money they make, and they are often working the way they want, with whom they want, at the times they want, without feeling overloaded. Some, though, reported feeling stressed as their business ebbs and flows, depending on their marketing efforts. For Accidental Jane, measuring performance metrics can provide two basic improvements to her lifestyle: it can maintain consistency in Accidental Jane’s workload, and it can help her to increase her profit without much additional effort.

Because she is a consummate professional, Accidental Jane’s customers usually provide her with positive feedback. This is a great way to gather testimonials (just ask!), and it’s also a gauge of what’s working. Accidental Jane also can create an effortless, automated marketing system that helps her maintain her workflow, and then she can use software to determine which marketing technique is drawing customers. She may use tweets to draw people to her web site, and/or send out a weekly newsletter. Software can keep track of which people visited her web site after receiving tweets, and which visited after receiving a weekly newsletter –  and which of those bought a product or service. In this way, Accidental Jane can almost effortlessly keep track of which of her marketing techniques are working, and which aren’t.

No matter how successful a business owner and her business are, she can make continued improvements by paying careful attention to which systems are working. Whether she can dedicate more resources to a more successful marketing campaign or take the resources from a weaker campaign and put them toward another business need, tracking performance metrics allows her to maximize efficiency and capitalize on success.

Interested in learning more about the five Jane types and which Jane you are? Check out www.janeoutofthebox.com

About the Author:

Michele DeKinder-Smith is the founder of Jane out of the Box, an online resource dedicated to the women entrepreneur community. Discover more incredibly useful information for running a small business by taking the FREE Jane Types Assessment at Jane out of the Box. Offering networking and marketing opportunities, key resources and mentorship from successful women in business, Jane Out of the Box is online at www.janeoutofthebox.com