Tag Archives: economy

Celebrating Small Business Saturday!

Small Business SaturdayThis holiday season make an extra effort to support local community small businesses with your hard-earned cash!  Small Business Saturday℠ is a national movement to drive shoppers to local merchants across the U.S.  We have all heard of Black Friday (the day after Thanksgiving). In 2005 Cyber Monday was penned based on the appeal of online shopping.  Cyber Monday was the second highest spending day of 2009!  As entrepreneurs and solopreneurs, we all know the importance of small business to the economy.  Small businesses are the engine of job creation and have generated from 60 % to 80% of net new U.S. jobs annually over the last decade, according to the Small Business Administration.

November 27th will mark the first-ever “Small Business Saturday℠”.   This is your opportunity to invest in the success of small businesses in your own community!  Buy local and help keep your neighborhood and community economically strong.  As an added bonus, for those who support “Cause” and effect, by Liking the Small Business Saturday Facebook page, American Express will donate $1 up to $1,000,000 to Girls Inc. “to teach and empower young women to be entrepreneurs of tomorrow”.   There are other great offers on the Facebook site including  FREE small business Facebook ads for 10,000 small businesses and  American Express statement credits for 100,000 Cardmembers who register and “Shop Small” (check out the site for details).

eWomenNetwork is excited to be a part of this incredibly important initiative to support Small Business Saturday℠.  So, help us spread the word about #SmallBusinessSaturday!  Let’s all make an extra effort to support our friends and local vendors as they continue to provide value for their customers and deepen their roots in our community!

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Women’s Business Opportunities take off at the DFW Airport

With a major seven year project underway to bring new businesses into the Dallas/Fort Worth (DFW)  International Airport  community, opportunities are ripe for women owned businesses.  Over 153,000  passengers pass through the airport on a daily basis.  It covers more than 29.8 square miles and employs 1,775 people.

The DFW Airport is committed to increasing opportunities to involve disadvantaged, minority and women-owned businesses in all Airport contracts.  The Airport has recently issued a request for proposals (RFP) for multiple concession locations throughout Terminal A for retail, food and beverage, passenger services and shoe shine locations.  This is the first of many opportunities for women owned businesses, no matter where you are headquartered, to become a part of this seven year project.

A certification process gives greater opportunities to businesses that meet specific criteria, though certification is not a requisite to submit a proposal.  To become certified, business owners need to go through North Central Texas Regional Certification Agency which has a 90 day application timeframe.  ACDBE (Airport Concession Disadvantaged Business Enterprises Program)– Request  for Proposal prefers that business owners have a hands-on involvement as equity owners or as subcontracting suppliers.

Here you can find more information on how to do business with Dallas Ft. Worth Airport.  The first proposals are due December 3, 2010.   Don’t wait to take advantage of this opportunity to engage passengers from across the country and around the globe with your unique business!

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Do You Think You Are Too Small to Do Business With the Government? Think Again!

If someone told you that you were missing an opportunity to earn millions in government contracts, what would you do? After a decade of commentary, delays, rewrites and litigation, the U.S. Small Business Administration has begun implementing a federal contracting program for Women-Owned Small Businesses (WOSB) that will directly impact you.  The Women’s Procurement Program focuses on 83 industries in which women are underrepresented in the federal contracting marketplace.  To be eligible for the program, firms must meet industry based small business size standards,  be 51% owned and controlled by women who are U.S. citizens, and must qualify as a small business in their primary industry.

“Women-owned businesses are one of the fastest growing sectors of our nation’s economy, and even during the economic downturn of the last few years, have been one of the key job creation engines in communities across the country,” SBA Administrator Karen Mills said.  “Despite their growth and the fact that women lead some of the strongest and most innovative companies, women-owned firms continue to be under-represented in the federal contracting marketplace.  This rule will be a platform for changing that by providing greater opportunities for women-owned small businesses to compete for and win federal contracts.”  Mills added.*

Two things really are surprising.  One, less than 80,000 women-owned businesses are currently registered to take advantage of this opportunity!  Two, categories that are included might easily fit your business description (here are just a few).

  • Business Support Services
  • Office Administrative services
  • Other Schools and Instruction
  • Outpatient Care Centers
  • Lessors of Real Estate
  • Motion Picture and Video Industries
  • Computer System Design and Related Services
  • Specialized Design Services
  • Investigation and Security Services
  • Services to Buildings and Dwellings
  • Independent Artists, Writers and Performers
  • Printing and Related Support Activities
  • Newspaper, Periodical, Book and Directory Publishers
  • Software Publishers
  • Data Processing Hosting and Related Services
  • Offices of Real Estate Agents and Brokers
  • Legal Services
  • Accounting, Tax Preparation, Bookkeeping and Payroll Services
  • Advertising, Public Relations and Related Services

Want to learn more?  Be sure to visit the eWomenNetwork Success Institute and join us for the Success Institute Tele-Session, “Gain a Competitive Edge in Government Contracting, October 19, 2010, 1:30pm CST featuring Lourdes Martin-Rosa.

*http://gtpac.org/2010/10/sba-releases-final-women-owned-small-business-rule-for-implementation-in-early-2011/

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How the Idea of eWomenNetwork Came to Life – An Interview with Sandra Yancey

Trisha Kagerer

Trisha Kagerer

Guest Post by Tricia Kagerer

Dallas Women in the Workplace Examiner

The Dallas Women in the Workplace Examiner had the opportunity to interview Sandra Yancey; Founder of Dallas based eWomenNetwork. (www.ewomennetwork.com) This is the first of 5 articles in which our readers will get to know Sandra on a personal level and learn more about eWomenNetwork, the Glow Project and the eWomenNetwork Foundation.


DWWE: What inspired you to start the eWomenNetwork?
Sandra
: Honestly, I was a lousy networker. I’ve never really been terribly comfortable in a room full of people. I’m an introvert at heart, but I’m great one on one. I started going to networking events in Dallas in about 1998. We had moved here in 1996. I had my own consulting practice at the time and was really a soloprenuer. I had a bevy of impressive clients, which made for an impressive portfolio. My business was indeed successful.

I was living on a plane daily. And as a soloprenuer, I was doing it all. I was booking my flights, as well as my hotel room and interviewing clients. I would then run to Kinko’s, make copies, get the mail, update QuickBooks, and process invoices. I wasn’t functioning as a CEO—Chief Executive Officer, I was functioning as a CEO—Chief of Everything! All the while I had 2 small children at home; my son was not even three years old and my daughter was eight. I wasn’t happy.

It was at this point I learned the difference between success and happiness. My husband encouraged me to look for clients in my own backyard to cut out some of the travelling, so I did. I started attending various networking groups in Dallas and witnessed the most amazing, phenomenal thing: “The Good ‘Ole Boys Club.” First, you must know, I say it in the most complementary way; I’m not bashing anyone at all. I saw these guys at work and thought, “You know what, they deserve to be where they are; no wonder they are so successful.” They were sharing ideas, talking about what they needed, and opening up their rolodexes to each other. They also had their protégé close by, there with them to watch and learn the ropes, introducing them to others along the way. I thought this was a really amazing way of doing business, “a unique sport” and I wanted to play. I wanted to be on the team. I didn’t want to be sitting on the bleachers—I wanted to play.

DWWE: So did you start to play?
Sandra: Unfortunately, I wasn’t eligible. I just didn’t have the qualifications to get in.

DWWE: Do you think it was because you were female?
Sandra: I think part of it was. I also think it was the dynamics of the group. It’s similar to when you’re at an eWomenNetwork Conference; there’s an energy that can’t be replicated anywhere else. It’s not that it’s right or wrong, or good or bad; it’s just what it is.

DWWE: So how did you begin to move forward?
Sandra: I started looking for women networking groups. The first one I attended was a disappointment and eye opener. It seemed as if the women were all showing up in pairs, coming with a girlfriend. I felt like everyone knew this but me, that I wasn’t included on the memo. I went to the meetings alone and felt like people were thinking, “You don’t have any friends? What’s wrong with you?” It was hard to even find a table that had a spare single chair because everybody came and sat in pairs. When I did find a seat and sat down, I started eating my salad and noticed the ladies seemed to all be talking to their girlfriend. I tried to interject something here and there, but never really felt welcomed into their conversation. It was just the weirdest thing.

On the way out, I realized I was not the only one who was disappointed. On the way down the elevator, I overheard heard someone say they didn’t get much out of the meeting. I thought to myself, “No Wonder! You didn’t talk to anyone new. ”

Soon afterwards, the idea for eWomenNetwork began to percolate. As I talked to other women colleagues and business owners, I discovered I wasn’t alone in my experience. It was then that I knew there was a need to networking group for women that would focus on sharing resources, ideas, contacts, leads and customers with a female approach and environment would be a viable business model.

DWWE: How long did it take you from idea to the launch of eWomenNetwork?
Sandra: I began to test my assumptions by embarking on some statistical research. (This was before the internet was popular, so research was much slower than it is today.) I discovered that there were 10.1 million women-owned businesses in the nation. One out of eleven adult women in the USA runs her own business! The list goes on. Bottom line, I saw a need and decided to fill it an immediately developing a business plan.

DWWE: What other research motivated you?
Sandra
: Women influence 80% all purchasing decisions in this nation. Women are starting businesses at the rate of two to one to male-owned businesses. They are leaving corporate America, and are starting businesses in droves. I also found out that there are about 7,000 networking groups that open and close each year. So, the viability of longevity of using networking as a business model wasn’t what I would call seductive. It wasn’t like I was easily seduced into this because I was looking at a huge failure rate.

I also noticed that the largest organizations that were out there had a big leg up on me. One organization, for example, was celebrating their 25th year the year I opened my doors.

My business model is based on stickiness; I had to have something women would value and “stick” to. I learned a lot of networking groups were born out of women who had other primary businesses but weren’t getting their networking needs satisfied. They were starting their own networking groups “on the side” to feed their core business. Eventually, these women would realize the amount of time organizing these events took from the core business, and would eventually give them up. I knew that if I could meet their fundamental business-building needs, they would become members of eWomenNetwork and tell their colleagues, who would also join.

Resources were also scarce; banks and investors wouldn’t really talk to me because I was too small. They didn’t a value business model based soley on building relationships. Silly them! All businesses are built on relationships! It’s true that for the first several years, I struggled. But, by sticking it out, honing our message, investing in technology, building our memberships, things started to take off. Like many others who have experienced the same thing, suddenly everyone had an interest, everyone wanted to talk.

This is the first in a series of 4 interviews with Sandra. Stay tuned for the next posting to read more about Sandra’s amazing story.

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Let’s Keep the Dialogue Going

Guest Post by Maria Coyne @Key4Women

Our last post elicited a bigger response than any Maria on Money post ever. Thanks to all of you from Washington, Idaho, Ohio, Maine, New York, and Oregon who shared your experiences. Let’s keep the dialogue going.

It sounds like your business situations are broad-ranging and in sync with a number of national trends (both negative and positive) —  Read More

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Optimism is Growing Among Women Business Owners

Guest Post by Maria Coyne @Key4Women

Maria CoyneThe third Key4Women Confidence Index is hot off the press, and results point to increased optimism about the economy. Women business owners who responded to our twice-a-year survey by the Center for Women’s Business Research said they are seeing signs of an upturn. Look at these comparisons with surveys taken in the spring and fall of 2009: Sales are up. Selling prices are up. Planned hiring is up. These improvements seem to be boosting positive outlooks. In our latest research, nearly 60 percent said they believe business conditions will improve over the next six months, compared with 48 percent a year ago. Similarly, the number of women business owners who believe the economy will worsen in the next six months dropped by half.

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