Female business owners seek mentors, money, marketing, good employees _ the kansas city star binary to bcd converter

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Nationally, three out of 10 small businesses are owned by women. Usd rub A measly 2 percent of them have broken the $1 million mark in revenues. Usd to aud exchange rate Why?

That question motivated Erin Joy, founder of Black Dress Partners, a business consulting organization. Convert rm to usd Joy and her team surveyed 5,000 female business owners in Missouri, Illinois, Indiana, Iowa and Kansas to find out.

The results, likely mirroring the national situation, suggest that female business owners tend to lack good outside advisers, have trouble with cash flow management and don’t execute their marketing strategies well.

But the survey, labeled WBO 360º, was most emphatic about people issues. 1 usd to zwd Its findings dovetail with research from the Kansas City-based Kauffman Foundation, which has pinpointed a lack of strong mentors for women-owned


enterprises.

Sixty-five percent of the women who responded to the WBO 360º survey said they had no external expert advising them. Usd zar exchange In Kansas City, as in many cities, women’s advocacy groups are focused on building networks of counselors and fellow business owners to help such women.

But the people problems run far deeper than not having outside experts. Mini msci emerging markets index futures About six in 10 of the survey respondents said they lacked a strong support structure within their businesses.

I’ve often heard business owners describe their search for a “mini me” — someone who would care for and commit to the business with the intensity of the owner.

In reality, a mini me is pretty rare. Convert cny to usd They typically can’t be hired or kept on at the price the owner is willing to pay. Call option strike price If they’re good enough to be a mini me, they’re probably good enough to command higher salaries elsewhere or even run their own businesses.

In the Midwest survey, less than a third of the respondents said they had a dedicated assistant. 1 usd to krw The business women admitted they’re run ragged with daily tactical matters and rarely have time to plan for future growth. Market futures Fewer than one in 10 said they regularly updated their business goals.

“This is not shocking,” the 360º report noted. How does the commodity futures market work “The women business owners we surveyed were too busy working IN their business to focus ON their business.”

Many national reports also have shown that women start their businesses with less capital than men and are less successful at obtaining outside equity. Usd to inr conversion rate Some research details women’s difficulty in getting business loans. Stock meaning in english Those, too, are issues addressed by advocacy groups for women in business.

Research like this is important to help explore an ongoing question: Do women-owned businesses stay small because of all the business challenges cited above? Or do they stay relatively small because that’s what most female owners want?

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