WomensNet News

September 24th 2012

Count Me In, with support from the Sam’s Club Giving Program

** We wanted to inspire and inform you with some news and notes from the world of women’s business. Hope you enjoy it! J

** A quick heads up that the AmberGrant for Women Business Owners is coming up on its September deadline. If you’d like to apply, our judges would love to hear your story. We will be announcing a winner the first week in October!

** An initiative for women entrepreneurs who want to grow their business to a quarter of a million dollars or more in annual revenues has been announced. Count Me In, with support from the Sam’s Club Giving Program, has started the Urban Rebound Program, which is headed to Detroit and Charlotte, N.C., this year. This is a great opportunity for the 100 women they select from each city to participate in their Business Accelerator Series. Learn more about it. http://www.countmein.org/UrbanRebound

** The biggest women’s business news this week may be the Fortune Magazine list of America’s most powerful women for 2012. In the No. 1 spot is IBM CEO GiniRometty. Pepsi Co. chairwoman and CEO IndraNooyiis in second place again this year. But Hewlett Packard’s CEO Meg Whitman made a significant climb in the list from No. 9 in 2011 to No. 3 this year. See the full list. http://www.ibtimes.co.uk/articles/386365/20120920/fortune-powerful-business-women-america.htm#page2 Coincidentally, this year’s Fortune 500 that lists the largest corporations in the U.S. (released in May) also included 18 businesses led by women. That is the largest number to date. In 2011, 12 women-led firms were listed. Slowly but surely the glass ceiling for women is being chipped away.

** Kudos to Alamo Travel Group owner Patricia PilegoStout, based in Texas. Patricia has been named the national 2012 Hispanic Businesswoman of the Year by the U.S. Hispanic Chamber of Commerce. She founded the travel business 3 decades ago, and she now employs 69 people. Patricia volunteers time and resources to mentoring other Hispanic entrepreneurs, according to the San Antonio Business Journal.

** Need a good read this fall? A new book by Annette Baugrund sheds light on the story on one of America’s earliest successful businesswomen and someone you may have never heard about. The book, Dispensing Beauty in New York and Beyond: The Triumphs and Tragedies of Harriet Hubbard Ayer, tells the story of Ayer’s life, during which she built a career as a cosmetics mogul – then later as an influential journalist who wrote and edited pages of Joseph Pulitzer’s New York World, according to The Huffington Post. http://www.amazon.com/Dispensing-Beauty-New-York-Beyond/dp/160949279X

** A bit of disturbing news to be aware of.A study published in the Journal of Experimental Social Psychology this month shows the business climate is stacked against black women. Duke University’s Fuqua School of Business and Northwestern University’s Kellogg School of Management conducted a study with 228 participants, who were given fictional reports about a company’s performance. These reports included variations where the leader was male, female, white or black, successful or unsuccessful. The results showed that when a business struggled, black women were viewed more critically than white men or women, and were viewed more harshly than black men, as well.

** This one is worth a few minutes of your time. Kate White, who recently left her post as editor-in-chief of Cosmopolitan magazine, has given an insightful interview with Boston.com about how women can succeed in business. White has also written a book, I Shouldn’t Be Telling You This: Success Secrets Every G