Why do many female entrepreneurs fail? Would confronting reality help more succeed?

Many female entrepreneurs do a poor job of “living in the real world" as evidenced by everyday examples of businesses that went bankrupt because they failed to respond to changing market conditions. This happens in good economic times as well as bad.

Given the fact that females entrepreneurs probably have very bright people in leadership, why does this still happen?

Because they are not dealing with reality; instead they follow the reality they hope is true. Because of this female entrepreneurs fail to anticipate and plan for changes that can destroy or severely impact their business model. Sometimes they’re completely blindsided while other times they see the problem but fail to act in time.

Problems can arise when female entrepreneurs fail to recognize three things:

1. Structural changes in the marketplace in which they operate. Is the how of making money under siege? Are competitors gaining in strength? What has the potential for changing the rules of the game?
2. The financial target that they shoot for are often unrealistic and unachievable. Female entrepreneurs may have their businesses based upon a model that is changing. So will they have financial strength to survive any unanticipated change?
3. Their internal management capabilities and leadership capacity to meet their objectives are insufficient. Will the skills, abilities and experience of your current workforce help you achieve your current goals? As well as future goals that may be impacted by changing condition?

Despite the time and resources spent on strategic plans, female entrepreneurs are less than successful because they fail to analyze the impact of the business marketplace, financial  targets and internal capabilities on their ability to achieve goals. They fail to insure that the functions responsible for these targets work together. They may set unrealistic targets that are above industry norms which make the likelihood of achieving them very low.

It’s absolutely crucial for female entrepreneurs to find out the answers to these questions sooner than later especially if your way of doing business is under attack.  Ask any person in the print news or magazine business about the impact of the Internet on their business and career. They can help you see the consequences of failing to anticipate the impact of massive industry changes.

Many organizations also tend to focus on just one of the targets, usually finance, because the others maybe too difficult to manage and are often very hard to see. A sole focus on one blinds the organization to other dangers which may have a bigger impact.

The automobile industry was selling a record number of new vehicles just a few short years ago. They were meeting their financial targets. But they failed to understand the upward impact on gas prices dues to increased demand for gasoline from places such as China. Higher gas prices are not good for sales of Hummers, SUVs or other gas guzzling vehicles. It was there to be seen but was missed by most of them who continued to pump out thousand of SUVs that people eventually did not buy.

So the question for female entrepreneurs is whether or not they are competing in a dying industry. Structural changes are significant and increasing in speed so you must decide if you want to stay in a losing battle or try something else. The consequences for failing to realistically assess the potential impact of changes in these three areas will be severe. Only those organizations and female entrepreneurs who are willing to honestly and objectively confront the true reality will survive and prosper in the future.

So the question remains for female entrepreneurs – are you willing to confront reality or live in your own limited view of what it should be and suffer the potential consequences?

Source: "Confronting Reality" - Ram Charan
Published by Crown Business

Who Else Wants To Know "The 22 Top Secrets To Achieving Business Success & Career Advancement For Women" in 7 Days (Or Less)   

Three Keys to Success for Female CEOs or Corporate Women

Are you a Vegetator, Imitator or Innovator?

According to Shelly Boyce, CEO,  of Medrisk, you can be any of the three. The real question is which is the most successful strategy in the long-term

Female ceos, successful business women or women wanting to advance need to first have a solid business strategy to be successful. Once they have developed the strategy, gotten some input and deployed it successfully to the marketplace, many think that the hard work is over and it's time to rest.

Unfortunately this is only the beginning of creating or running a successful business. Many women leaders forget, that over time, any strategy will eventually become tested by the competition, economic conditions and factors you never see coming.  And if female CEOs or corporate women fail to react in time, the consequences could be disastrous to their business.

Even if you were the first to the market with your product, there's no guarantee that you will stay in the lead.  As you begin to grow sales and take away business from others, they will start to notice. And then will develop their own strategy to beat you back and regain their market share. Instead of being just you, you may now become one of many. This can be a hard transition for many that requires different skills to take you through it. Some can do it - most do not.

To see where you are, Shelley described the types of women leaders:

1. Innovators who take their ideas and create new products and markets. Often they become well known. They are not likely to accept failure as an option.
2. The imitators search the marketplace and find companies that they find interesting and assume the  market is big enough for them to join. They piggy back off the successes of other entrepreneurs and can build their organizations in much less time than the innovator may have done.
3. Vegetators may start as innovators but eventually getting to a point where they plateau. Their results seem to be okay and there is no great sense of urgency to change. They believe that their successes will continue into the future. Unfortunately this is rarely the case

The competition is fierce so it doesn't make good business sense female CEOs to maintain the keep the status quo. Failure to periodically look and reassess your business practices and business focus might leave an opening for another competitor to enter the market and start taking business from you.

To avoid slipping into the vegetator role, periodically go back and review why you started the business.  Assess your progress to date against your original expectations. Honestly assess how well or not you have done. While it's not helpful to dwell on the past, having a sense of what you've accomplished on the journey from the beginning to now is critical. it puts things into the proper perspective.

Leverage this history and your experiences to get to the next level, to continue to innovate and grow the business.  Steve Jobs, of Apple who has recently battled cancer, explained that, every life experience is like a dot. Who we become and the success we achieve is the accumulation of these connected dots. As an incredibly successful innovator himself, Jobs realizes the importance of every experience and how their interconnectedness plays out in many aspects of life.

It's critical that females ceos continue to analyze how they got to their correct state and what they will need to go next . This self-assessment is a requirement for being a successful innovator. The long-term prospects for imitators and especially vegetators is poor. The goal is to be an innovator. It's the best way to achieve the results that you want. ceowomensclub.ladyrich.info 

Female CEOs can fall into three roles: innovator, imitator and vegetator. The goal should be to evolve into the innovator roles. Females ceos who started their businesses or took over existing ones were probably in this role. They should carefully assess their experiences. Not from a blame perspective but to gather information about lessons learned and use this knoweldge to drive growth going forward  ceowomensclub.ladyrich.info 

Do successful CEO women and other women leaders get a bum rap?

Do successful CEO women and other women leaders get a bum rap?

You've heard the characterizations - they're selfish, too bitchy, and uninterested in helping other women. But does this perception equal reality?

Not according to Professor Linda Carli, co-author of the book "Through the Labyrinth", who states "women are often blamed for other women's lack of success, even though women, on average, are more helpful then men." And shouldn't we admire women who have navigated their way to success?

So why do they get this bum rap?

Because of differences in perceptions about the struggle - the ease or difficulty that each woman experiences in navigating the labyrinth to higher positions. Successful women often tell me that they've never experienced a glass ceiling. That they've always found new opportunities at the right time. For these women, achieving success has been seamless. They rely on their talent, to which they attribute 100% of their success. Although, you still have to wonder if they were objective, what part luck, contacts and mentoring really had in their careers.

They hear other women complain and say "what's the problem? I did it; so can you." But if that really was the case, why are they often the only woman in executive meetings? Is it because other women don't work hard enough or want it? I doubt it. Maybe there really are fewer opportunities, and other women who have tried just couldn't get there.

Those who haven't made it remain frustrated and feel like the women at the top don't care. Instead of learning and leveraging what's made others successful, they feel they've hit a brick wall, stop trying and leave responsibility for their success to others. And of course business isn't fair, just as life isn't fair. So, if you're aspiring to higher positions you have two choices - wait until it gets better in 5, 10 or 20 years or figure out how to push your way through.

For those still struggling - learn from the successes and failures of others. Adapt what works to your own style and skills to keep navigating through your challenges. You've done it before to get where you are, so do it again.

For those women at the top - continue to be the role models that prove to others that women can make it. But honestly analyze why you were successful and pass these insights onto others. Remember too, you'll probably hit your own obstacles some day. Did you not get that corporate board, foundation or CEO position because you didn't try hard enough or because there are still limitations for women? You may be navigating your next labyrinth before you know it.

In fact, why don't we learn from each other? Understanding that both sides are right and wrong, taking both lessons to help each woman achieve their own goals.
Note: This club was started because of the comment "I don't really have any women in business who are my friends."

It can be lonely and isolating in a senior role - so why go it alone if you don't have to? Wouldn't honest feedback, support and new ideas from your peers help you avoid mistakes and get better results? We never focus on complaining - only helping each other overcome challenges so that everyone can all achieve their goals and aspirations.

Let us know if we can help you or the people that work for you navigate through their own labyrinths. --> ceowomensclub.ladyrich.info

Do You Speak English? You're Hired!

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Once you sign up, we'll show you exactly how to get started in 5 minutes or less... even if you don't have any previous experience, you could still start making money right away!

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Hope To See You Aboard!


Thanks,

Melissa Hoover
Workforce Supervisor
Real Translator Jobs

Woman’s Wealth System

Is It Your Best Chance At Finally Making Money Online?

With all of the candy-coating many of these “Work At Home” products receive, I thought it would be high-time to take a no-nonsense allowed approach to one of the most popular programs: The Womans Wealth System.

Creator Concetta Bibens found great success with Clickbank, and now she is revealing the same plan which made her over a MILLION dollars last year.

That’s pretty impressive, but she is doing a bit more than just selling an eBook. She’s actually including review sites and list-building sites, hosted for FREE for as long as they are in business!

That means she is essentially offering a proven, MILLION DOLLAR BUSINESS PLAN, along with the tools you need to short-cut your way to success.

I’ll be honest with you, this sounded too good to be true, so I decided to dig a bit deeper.

What I found was shocking…

It’s actually WAY BETTER than what they tell you on their sales page!

Each step of their complete money-making plan has been boiled down into full videos for you to follow along with.

The money-making, list-building sites – at your option you can choose to have brand new ones given to you each and every single month, and you’ll even get weekly, or even DAILY updates to really boost your results!

As for the downsides of this program, if you’re already making $8,000 a week, you probably won’t find Womans Wealth System all that impressive. It’s really designed for folks who want to move from nothing a month to over $5,000 a week fairly quickly – but if you’re already making more than that then you’re too advanced for this program.

But if not, then you should grab a copy right away by clicking the link below, while it’s still available. Opportunity rarely knocks twice, and something this good won’t be around forever! Visit here for more info.