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A Golden Business Nugget for Women Entrepreneurs

September 25, 2013

Business Advice for Women Entrepreneurs


There is a kaleidoscope of images and woven conversations still running through my head. Beautiful faces, energetic spirits, money changing hands. Harp music, a glistening pond, a sun drenched deck dotted with women conversing. Laughter, inquisitive voices and wisdom circulating like geese in flight. This is just a slice of what resonates with me from last week’s Retreat.

One of the most impactful conversations of the day came when three successful women entrepreneurs shared what it took to grow their companies over the $100,000, $250,000 and $1,000,000 sales mark. Each of them had different beginnings embarking on entrepreneurship; but one common priority set them on the path to reaching higher income goals. The one common denominator in each woman’s notable journey was having a business plan and checking their numbers on a regular basis.

Women are so passionate about what they sell and how it benefits their clients that they forget to constantly be aware of their business plan and scrutinize their numbers in order to make essential monetary decisions to grow their companies. In my opinion the one “golden nugget” of information that was shared during the conference was the value of paying attention to the numbers in your business in order to make smart decisions to earn more revenue.

A goal of every businesswoman should be to earn enough money to not only sustain her entity, but to expand it. Oprah Winfrey didn’t get into business only hoping to inspire masses of women with her daily talk show. She wanted to make a living doing what she loved and ended up grossing millions of dollars in the process. I know we don’t all want to grow our enterprises into Harpo Productions but we surely desire to increase our revenue annually and become more profitable or why would we be entrepreneurs?

Today’s post is to remind you about the importance of your corporate numbers. Do you have a business plan? Have you looked at it lately? Could you plan use updating? Could simply reviewing your numbers help you make key business decisions plaguing your business? I know I already booked an appointment with the Small Business Development Center at Onondaga Community College to revise mine.

When something educational sparks a desire to fix something or learn more, you must act on it or the education is lost. Take the bold step you know you need to make today to make your financial figures a priority and then utilize the golden nugget of information to create a more effective and financially strong entity.

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