Women's Net Blog

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Yes, You Need a LinkedIn Page

Although we’ve been hearing a lot about video and image-based social media platforms, like TikTok and Snapchat and Instagram, LinkedIn is where you can make valuable business connections.  Becoming active on LinkedIn can connect you to people who may want to do business with you, as well as with potential new hires, with potential joint […]

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Ways to Hire Top Talent When You Can’t Afford to Pay Top Dollar

When faced with a choice between hiring an inexperienced employee and an award-winning superstar, most organizations would prefer to hire the superstar. The hitch is that the superstar’s compensation expectations may exceed what a smaller company can afford. It may be possible to rationalize bringing them on board and cutting budgets in other areas to […]

6 Ways to Show Gratitude to Your Clients that Cost Next to Nothing

It’s customary in many industries for companies to give their customers gifts of some kind during the holiday season. For example, beauty salons often give clients small samples of beauty products in appreciation for their business. Accounting firms sometimes mail out annual calendars for the coming year. Salespeople have been known to hand out jars […]

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How to Pitch Local Media Outlets

While your business may serve a national or even global customer base, your local news and broadcast outlets are likely to be the most interested in learning about your company. Since their purpose is reporting on local people, organizations, and events, news about you and your business fits right into what many area media outlets […]

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How to Improve Your Company’s Profitability

Although many business owners focus on sales as the most important metric of success, profitability, or how much you have left after you pay all your bills, is actually a much better measure of how well you’re doing. Profits are what allow you to grow and expand. They also determine whether you can afford to […]

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How to Set Up a Simple Loyalty Program

One big lesson that has come out of the pandemic is the value of customer loyalty. Loyal customers not only spend more, but they also serve as business ambassadors, attracting new customers to their favorite small businesses.  An often-cited statistic for spending, which originated with Bain & Company in 1991, is that loyal customers spend […]

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Beyond Banks: Financing Options for Women Entrepreneurs and Business Owners

Many entrepreneurs are disappointed to find that banks generally won’t lend money to startups and early-stage ventures unless the business owner already has funds available, collateral, a solid business plan, and a solid credit rating. When you’re just starting out, there aren’t many women business owners who can check all the boxes that banks frequently […]

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How to Take a Day Off from Work

As we slide into the fall season, many entrepreneurs may be wondering what happened to summer. When was that break we were supposed to take? The reality is that after too many months of an ongoing pandemic, we all need a break. Even a day. Just some time for self-care and relaxation, when we stop […]

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What You Can Do to Improve Cash Flow

Ask entrepreneurs what the life blood of their business is and many would probably say sales. And they’re not wrong. Sales, or paying customers, are essential for a company to stay in business. Without sales revenue, the business closes its doors. But the truth is that cash flow, which is the speed with which cash […]

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The First 9 Things to Do During Startup

Starting a new business is both an exciting and a nerve-wracking time. Exciting because of all the possibilities ahead of you and nerve-wracking because of all you don’t yet know.  The good news is that you can learn as you go. Everyone does, in fact. However, the more you know in advance, the faster success […]

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Women Business Owners, Do You Need Business Insurance?

In a word, yes. You need insurance of some type to keep your company up-and-running long-term. Insurance is a tool to help mitigate some of the risks associated with running a business and having employees, both of which open you up to liability. “If you have a business and hope to survive, you’ll want to […]

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How Pivoting Your Business Model Can be a Win

More than 4 in 10 women business owners had to pivot their business model to maintain revenue during the pandemic, according to American Express’ Entrepreneurial Spirit Trendex, conducted in 2020. 68 percent expected they would have to again in 2021. By pivot, we mean fundamentally changing the company’s business model in order to react to […]

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Email Marketing Basics Every Woman Business Owner Should Know

In a study of 1,000 small business owners, email marketing ranked second as the most effective medium for branding and first for return on investment (ROI), according to a 2019 Campaign Monitor report. And when asked which marketing methods were expected to be relevant in 10 years, email marketing was tops. We asked women business […]

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10 Marketing Books Every Entrepreneur Should Have on their Bookshelf

by Marcia Layton Turner Success or failure in business often comes down to marketing. Developing a product or service that people want and are willing to pay for, that you can sell at a price that generates a profit, is at the core of building a sustainable company. Master that and you can build a […]

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How to Hire Someone You’ve Never Met

Small businesses are looking to hire more workers, according to NFIB’s monthly jobs report for February 2021. The report found that “56% of small business owners reported hiring or trying to hire in February, up 5 points from January.” While that’s certainly good news for the economy, many companies are having trouble filling the openings […]

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Interview with $25,000 Amber Grant Recipient Savhera

Recently, WomensNet Advisory Board member Yamalis Hernandez sat down for an interview with 2020 year-end Amber Grant-winner Vanessa Bouche. You can learn all about her company, Savhera, in the video interview above — or you can browse the transcript below. A special thanks to Vanessa for her time. Yamalis Hernandez Today we are talking to […]

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What You Should Know about Crowdfunding on Kickstarter

With so many questions being asked in the WomensNet Facebook group recently about Kickstarter, we turned to Katheryn Thayer, director of brand content at Kickstarter, for the inside scoop on what types of projects and businesses are most successful at crowdfunding. Here’s what she shared with us: WomensNet: Could you give us a little history […]

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When You Should Pay Someone Else to Do the Work

Startup entrepreneurs are notoriously frugal. Many guard their pennies, often attempting to negotiate for the best price possible, or decide to do work themselves so as not to have to part with any cash. They work to keep plenty of money in their bank account, in case a slow period or downturn occurs. They want […]

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Are you Building a Lifestyle Business or a Sellable Asset?

Female entrepreneurship has been hot for decades. There are currently more than 12.3 million women-owned businesses in the US, reports Fundera, and that number climbed by 1,821 every day in 2019. Currently, 40% of all US businesses are now owned by women. However, women-owned ventures lag on a number of fronts, including financing and revenue […]

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Amber Grant Application Critique: Trikona Yoga

Annalise Freytag shares her very personal struggle with mental health challenges and substance abuse as the reason behind the founding of her future Chicago-based yoga studio, Trikona Yoga. The details of her personal history demonstrate how effective yoga can be and how passionate she is about building a business that provides such services. Although Annalise’s […]

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Where to Find Good Business Advice

Sometimes it’s hard to know where to find reliable, useful advice from people who know what they’re talking about. Sure, everyone has opinions, but which are the opinions worth listening to? It can be hard to distinguish between people who’ve been there, done that and can share how they handled a situation similar to yours […]

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Amber Grant Application Critique: HEART Mobile CPR

Shawna Bobst, RN’s Amber Grant application for HEART Mobile CPR is a great example of a business that evolved from side hustle to full-fledged business. There is no question that there is demand at some level for CPR training in her area, however, there were some missing pieces of information that kept Shawna out of […]

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Negotiating Tips for Renting Space During a Pandemic

It’s no surprise that the pandemic, coupled with governmental stay-at-home orders, has dramatically impacted the commercial real estate market. While some organizations are realizing they may have more workspace than they need and are considering downsizing, other companies are strategizing how to negotiate or renegotiate new or existing leases. According to Andrew Weinberger, founder and […]

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Amber Grant Application Critique: RAW Designs

Rachel Waddell’s Amber Grant application for RAW Designs made clear right up top what the business was all about, but then pivoted, along with the business’s products, into a new product and market during the pandemic. Trying to grow two businesses at a time is even harder than focusing on one, which is one reason […]

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Forbes

“You have to be in it to win it...seize the opportunity and apply.”

Nerd Wallet

“The Foundation awards $10,000 to a different women-owned business every month. At the end of each year, one of the 12 grant winners is awarded an additional $25,000.”

Score

“Launched 20 years ago this grant honors the memory of a young woman who wanted to be an entrepreneur but died at age 19 before she could achieve her goal.”

Fundera

“The Amber Grant Foundation was launched in 1998 to honor the memory of a young woman. The grant was formed to help women entrepreneurs reach their goals when Amber could not.”

Essence Magazine

“This organization offers monthly grants of up to $10,000 to support female entrepreneurs starting businesses. Those who qualify for these grants are also in the running for a yearly $25,000 grant.”