My main “Pearl of Wisdom” is to remind business leaders to Be Courageous; don’t let the fear overwhelm you. During the 2008/2009 downturn, there were several things we did to overcome the challenges and adversity at that time. I am calmer now because of what we did years ago, and I remember how we became a much stronger and thriving company due to the initiatives we implemented which became standard strategies going forward and propelled our growth. Today, I am helping other business owners with a few key concepts that I would like to share:
Read MoreThe year that the real estate market fell apart, 80% of my clients were real estate - related and I lost them all. But I was able to reduce staff while I diversified my client mix and I was able to eventually recover. This is a different world altogether. The only advice I can give is this: reduce expenses and look for ways to offer new services (services that may have not existed before) to those clients who are still operating.
Read MoreNAWBO Chicago members are more resilient than ever and their businesses are adapting in the same way. Read more to learn how five women business owners have pivoted their companies in response to COVID-19. Susan GothamThe Synergies Companies, Inc. Be prepared to pivot, if necessary. Evaluate where your business is strongest and focus on that component and those clients while reducing or eliminating services that are hurting the bottom line.
Read MoreWelcome to May – now entering our EIGHTH WEEK of the “shelter in place” mandate.
Read MoreIt was nearly ten months ago that I was seated as President, anxious yet confident – similar to that feeling of starting a new job. I was excited and hopeful to assist our talented and dedicated board to foster growth and strengthen the organization.
Read MoreStress has a significant impact – on the mind, the body, and on our emotional landscape – which causes us to react quickly, often without thinking of the effects of our reactions. While the sudden impact of COVID-19 is undoubtedly a stressor for all of us, managing our own stress is crucial not only for self-care but so we can respond vs. react to these new challenges in our businesses.
Read MoreAt NAWBO Chicago, we have been working around the clock to stay on top of the latest Coronavirus (COVID-19) developments, recommendations and resources and to develop a plan that will support you and keep you connected during this challenging time. We are gathering resources from our partners and other trusted organizations to help you navigate the changing business world. We will continue to update this page, along with our member programming as more information becomes available.
Read MoreIf numbers don’t lie and they tell a compelling story (and they do), there’s no time like the present to know your business numbers as we push through the heart of tax season and head into the 2nd quarter of the year. In fact, it’s critical to keeping your dream alive and well – and growing – for years. According to NAWBO member, past conference speaker and serial entrepreneur Allison Maslan, who addressed knowing your numbers in a recent article, it starts with three things: getting the support you need, focusing on sales and measuring everything:
Read MoreAs a woman business owner, your number one priority is running a successful company. Without success, there would be no business. But the real priority, which most of us rarely consider, should be you and your health. If you’re not operating at your best, how can you expect to run your best company?
Read MoreTechnology is amazing. It allows us fast and easy access to a world of people, opportunities and information resources. It enables us to work whenever and wherever we want. It keeps us on track and propels our speed and efficiency. Yet there’s nothing like an old-fashioned phone call or face-to-face meeting to build or strengthen a relationship and fuel inspiration and creativity.
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