This week, I had the honor to speak on the topic of entrepreneurship at the Women’s Business Association luncheon. The day before, my wife and I mentioned that I was talking to a group of female entrepreneurs. She asked, “Why do they want you to talk?”
Defended her. My dear wife didn’t know what I depend on for a living. She has never read any of the hundreds of columns written by me. She has never participated in my lectures at any seminars or sitting in the audience.
She only knew that we lived a very comfortable lifestyle, and when I told her that our money was not from drug trafficking, she believed me.
Besides, she is very happy for her ignorance of her husband’s ability.
When I pretended to hurt my feelings, he waved to me and said, “I mean, what a man can say to women who don’t know the house?”
Henney Youngman, Ralph Cramden , Rodney Dangerfield, Tim Knox. At least I have a good company.
But she was right. How much do I know about women in business? In order not to appear idiots in front of these so-called “women entrepreneurs”, I decided to do a little research on this topic.
This is what I found: Although some people still believe that this is a man’s world, in business, women are quickly catching up.
According to data from the Women’s Business Research Center, there are more than 10 million women-owned companies in the United States, employing 18 million people and having sales of US$2.32 billion.
The rate of women starting businesses is twice that of men. Women-owned businesses account for 28% of all businesses in the United States, and approximately 775,000 new businesses are added each year, accounting for 55% of the total number of businesses.
One thing I find particularly interesting is that the fastest-growing industries in women-owned companies in recent years are construction, wholesale, transportation/communication, agribusiness, and manufacturing, which are traditionally male-dominated industries.
In the past 25 years, the number of women-owned businesses in the United States has doubled, the number of employees has quadrupled, and their revenues have increased five-fold.
This is a question that I especially want to answer: is women’s way of doing business different from men’s? When doing business, they compared me to a bull in a china shop. Will the partners handle things differently? Perhaps more elegant? As my lovely girlfriend would say, “Nonsense.”
Elizabeth Cogswell Baskin explores common female traits and female entrepreneurs (perhaps men also same) How to use these qualities to gain commercial advantage.
Baskin reports that women are more inclined to use three unique advantages than men: trust your instincts, focus on relationships, and pay more attention to maintaining life balance.
Trust your instincts
Women are more likely to make decisions based on premonitions. Women can collect facts and data to support this sentiment, but they usually know what they want to do base on intuition.
Build strong relationships.
Men treat business as a sport. They want to win and dominate. “Women,” Baskin said, “are more interested in making connections.”
Find a balance between work and life.
Several women interviewed for this book mentioned that quality of life was the reason for entrepreneurship, implying that they wanted to find a way to balance family and work. “If it is important for you to spend more time with your family, find a way to integrate it into your day. The important thing is not how much work you do, but the ability to decide when to do it.”
Baskin Early-stage women offered a piece of advice:
You don’t have to know everything.
My wife would argue about this because she knows everything, but Baskin said that when it comes to business, thinking that you know everything is not the key to success.
“It’s amazing how many women say they don’t know anything when they start a business,” Baskin said. “Don’t be afraid to ask for help, you don’t have to be perfect at everything.”
Reliable business advice – for men and women. Chapter
I Wish You Success!