This week I spoke on a panel at the Microsoft Office 365: Your Office, Your Terms Event Series. The panel was there to support women business owners. The topic was challenges faced in this economy, how to start or grow their business and technology enables entrepreneurs. Sounds kinda heady though the information offered was critical for young and experienced business owners. Though the event was for women, the audience was both men and women of all ages.
As an intuitive business consultant I work with my clients to learn to use intuition and sound business practices together. This post is mostly about the later.
Key points made by the panel. Note: Challenges for solopreneurs are different from for high growth companies and in some ways they are the same.
- The business environment is constantly and rapidly changing so don’t think old school. Be aware in present time, be conscious of all the changes happening due to globalization, technology and the enormous business creativity that is constantly changes the business landscape.
- There is no current paradigm so we need to look at business differently.
- Think Darwin – the species that evolves survives. Be flexible.
- Create a balance in life and work or you will get lost in your business then regret it.
- Create a financial plan for your whole life not just your business.
- Be willing to change your business model and to learn new skills.
- Consider how your business will address the trend toward social, mobile and global.
- Plan to create strong networks. Networks that include both men and women who have access and are decision makers.
- Get certified as a women owned or minority owned business if you are interested in corporate contracts through Supplier diversity programs.
- Find the talent and ability you need to grow your businesses quickly. Don’t compromise on this.
- Use technologies relevant to your industry.
- Secure capital. Learn to use someone else’s money responsibly to scale your business.
- Be willing to ask. Ask for money. Ask for mentoring. Ask for partnership. Ask.
- Have a mindset that supports success: Play to win. Thinking big enough. Be a strong negotiator.
- Know how to present your capabilities, your value and your company’s value.
- Be willing to take risks.
- Recognize economic issues facing a new business then charge forward planning and adjusting to these realities focusing on what you can control.
- Find new markets for your products and services.
- Develop innovative products and services.
“You must do the thing you think you cannot do.” The words of Eleanor Roosevelt
Best wishes on your success!