Are Small Business Owners More Content Than We Think?

Despite the stress and financial challenges, 91% of small business owners are happy according to a recent survey by Homebase. They enjoy the control and flexibility of running their own businesses, valuing the ability to make their own decisions and manage their own fate. This autonomy and sense of ownership outweigh the difficulties they face, leading to a relatively high level of satisfaction.

Women Business Owners Are More Focused on Driving Good Employee Experiences

The HerMoney Media and Principal Financial Group’s 2023 State of Women survey of small and midsized business owners revealed significant differences between men and women in their economic outlook, financial confidence, and attitudes towards risk.

Women business owners express more caution about the U.S. economy but are optimistic about their personal financial situations compared to men. In addition, female business owners prioritize employee outcomes, emphasizing a positive work environment, mental health, and opportunities for advancement. They are less likely than men to offer financial wellness programs, often due to the belief that their businesses are too small to justify such programs.

Thinking About Your Company Footprint

Even if you are a small business, you can still be thinking about ways in which you can reduce your environmental impact. This article posted in Entrepreneur shares 8 items to consider when determining practical ways to reduce your company’s impact on the planet. From energy efficiency in the office to flex scheduling to rethinking the office supplies you purchase, every change we make helps to make a difference.

Barbie’s Lessons on Resilience and Leadership

This article in Fast Company looks at the summer blockbuster “Barbie” movie and explores some of the film’s ┬áinspirational messages of resilience and strength. Specifically, it lists the importance of never giving up, knowing that any goal is possible, dreaming big and embracing that you are enough. Check out the article to read more about how those themes are woven through the movie!

Remote Work Best Practices

Whether you run a small business that relies on remote and/or hybrid workers, you are part of a large organization navigating how the post-COVID workplace looks or you are a remote worker yourself, figuring out best practices to support this work arrangement is critical for corporate success.

This post on discusses critical best practices to consider to ensure that remote work is a success including technology adaptations, work scheduling and IT security concerns to name a few. The piece also discusses the important of outlining a remote work policy and provides tips on how to navigate that process.

Tips for Women Entrepreneurs

This article from AllBusiness provides advice for women entrepreneurs from successful female business owners. The piece includes 21 tips that cover a range of topics such as cultivating storytelling skills, bringing a fresh perspective, finding purpose, taking control, avoiding self-discrimination, hiring passionate staff, charging appropriately for services, and surrounding oneself with supportive people. Many of the tips emphasize the importance of amplifying women’s unique strengths, including communication, empathy, and problem-solving abilities, in building successful businesses.

Six Reasons Why Small Businesses Fail

The article from Business News Daily discusses six common reasons why small businesses fail and provides advice on how to minimize or avoid their negative impact. These reasons include poor cash flow, inadequate leadership, disengaged employees, lack of business planning, strong competition, and failure to adapt to changes in the market.

The article suggests that to address these challenges, small business owners should prioritize financial planning, establish clear organizational structures, foster employee engagement, create comprehensive business plans, conduct competitive analyses, and be adaptable to industry trends. Additionally, the article highlights the importance of cultivating a supportive and collaborative work environment and investing in leadership development programs to ensure that businesses are well-positioned for success.

White House Announces New Resources to Support Women Small Businesses Owners

According to this press release from the White House, the Biden Administration is working through the Small Business Administration (SBA) to expand the Women Business Centers (WBC) network. The goal is to bring the total number of WBCs to 160 centers across the country. WBCs assist women entrepreneurs through training, mentoring, business development, and financing opportunities. Read more about the White House plans here.

Which Dialogue Are You Listening To?

There is a piece just posted today in Fast Company entitled “The mindset shift you need in order to stop your inner voice from sabotaging you”.

In the article, author Lydia Fenet reflects on how “Imposter Syndrome” can often sneak up on us in our professional lives. Specifically she makes the important point of pausing to consider whether you are listening to what colleagues are actually saying or if you are listening to what you *think* they are saying. Read the article for the example – great content to ponder on your entrepreneurial journey.