Meet, Munch & Mastermind on Wednesday

Our most favorite NEW event of the year is coming early! Formerly held in October, Crain’s Small Business week has moved to May and is happening right now! We of course put on our favorite luncheon event at Shannon’s Irish Pub in Glen Ellyn, which takes place on Wednesday, May 4 from 11:30 am to 5 pm.

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Meet, Munch & Mastermind: An Agenda to Reach Your Highest Potential From Women’s Business Experts is a Dynamic Networking Luncheon followed by educational talks designed specifically for women entrepreneurs. Participants will enjoy lively, enlightening education from business experts and be provided opportunities for brainstorming personal concerns/questions related to the topics discussed. Our first two events were inspiring and engaging, so you don’t want to miss this one!

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Angel Simmons will discuss “The Launch Pad: Transitioning From Faithful Employee to Fabulous Entrepreneur.” Participants will gain a more realistic perspective of what’s really needed to make the transition from employee to entrepreneur as well as resources to help them cross over when they’re ready. Participants will leave feeling empowered to make the first step towards their dream. And, through some interactive participation, they will be affirmed by other women in the session.

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Angel Simmons is a multi-talented artist with a B.A. from Columbia College Chicago. She has worked in youth and young adult ministry, conference planning and as a mentor to youth in Chicago’s Englewood community. She believes in the healing power of the arts and is committed to helping others discover their God-given gifts. Angel is an advocate for healthy and fulfilling relationships, and promotes love and connections daily throughout her social media networks and her blog, “Love’s Great Design”. She holds professional certifications in Soul Care and Biblically-based Counseling, Love and Relationships, Stress and Trauma, Grief and Loss Coaching, and is a certified QPR Gatekeeper for suicide intervention. Angel was crowned in 2015 as the Ms. Worldwide Illinois Ambassador for the Live Out Loud Charity, with her platform being suicide intervention, depression awareness, and grief and loss support.

Ingrid Morris will take the mystery out of numbercrunching with: “Do You Know Your Numbers?” The number of female entrepreneurs are on the rise! Women own 10.6 million businesses in the United States. They employ 19.1 million workers–that’s one in every seven employees. Their businesses account for $2.5 trillion in sales. Yet, 1 of 5 businesses fail. It’s not for lack of great product or services, but one of lack of financial acumen and operational knowledge. The question becomes, ” do you know your financial vitals; sale revenue, gross profit, net margins. This interactive discussions clears the financial fog, and gives women the basic financial understanding and knowledge to speak the language of finance and position their business for growth. Learn how to create financial projections, drive profitability, and increase your customer base.

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Ingrid Morris has spent 20 years skyrocketing up the corporate ladder. Out of her love and affinity for numbers since the age of 5, she has utilized her gifts and talents to manage and grow financial portfolios that range up to $200MM in revenue. In 2014, “The Numberz Girl” opened Morr Solutions Unlimited; a revenue generation and life maximization firm for women. Most recently, she spends her time in Hollywood with celebrity clients helping them to create and sustain profitable careers through building financial projections and increasing their revenue portfolios. She is also the Founder of the ProfitFirst Academy for Women.

Delmar Johnson will share her HR Brain with  “Hire Right in the Shift, From Preneur to Employer: Don’t Let Your Guts Do All the Talking.” Like most business owners, you started your company wearing many hats and doing it all: sales, marketing, operations, product development, accounting and more!! Now that it is time to expand your business, do you know how to strategically add teammates to help accomplish your mission and goals without blowing your budget? This session will share vital tips to help business owners & leaders understand the what, how, why and when adding interns, volunteers, employees (Form W-2) and independent contractors (Form 1099) to their team is necessary and do it from an informed position.

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With over 20 years of experience working with big corporations, small business owners and new entrepreneurs, human resource guru and visionary Delmar Johnson founded HR Brain for Hire™ as a trusted and resourceful solution for first time employers in need of affordable, efficient, and top notch recruitment, training and HR services. Delmar’s personal story, which includes multiple layoffs, life challenges, and her own dive into entrepreneurship, gives her a perfect mix of formal knowledge and “real life” experience that she pours into each client and their unique needs. Business owners love Delmar because her talent and passion for HR allow them to fall in love with their business all over again by getting them the right support that they so desperately need while saving them time, money, and headaches. In offering solutions, interactive workshops, and professional development training, Delmar’s goal is twofold: 1) to offer value-added solutions to women-owned business owners, positioning them as an” employer of choice” through the establishing of HR tools, standards and systems; and 2) to equip women to design their own career path by connecting who they are authentically to what they do to serve the world.

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Our $30 luncheon includes a delicious meal, these fabulous speakers, and opportunities to make connections with other attendees. Join us Wednesday, May 4, 2016 from 11:30 AM to 5:00 PM at Shannon’s Irish Pub, 428 N Main St, Glen Ellyn, IL.

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NEW – The Network of Entrepreneurial Women is a group of Chicagoland business women who are upgrading business networking with fun and creative events that inspire attendees to work together, refer each other and most of all cheer each other on as the membership succeeds. Events rotate around various suburbs on a semimonthly basis, usually the 2nd Wednesday and 4th Thursday of the month. RSVP for our upcoming events at Meetup, or like us on Facebook and check up on our organization here.

Adaptability, a key trait of entrepreneurial women

“All women adapted to what they were dealt and made it work.”
~ Barbara Joan Zeitz

In early October the Network of Entrepreneurial Women celebrated Crain’s Small Business Week with a lovely gathering of small business owners in Glen Ellyn.

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As we perused the menu and got to know each other, Rebecca Sturgeon (LMT, CMLDT) gave us chair massages to relax our muscles and our spirits.

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We ordered delicious sandwiches from Shannon’s Irish Pub’s special menu, which nourished us sufficiently to take in all the information disseminated that day.

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During lunch, Barbara Joan Zeitz presented several historic women who ‘leaned in’ before Sheryl (Sandberg). Relaying the stories of Rose Knox, Helena Rubinstein, Ida Rosenthal, and Olive Ann Beech, we discovered that women can start careers at any age, against all odds, and thrive.

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Rose Knox started a Gelatin business with her husband Charles. The couple refined the time consuming recipe of boiling, straining and clarifying the ingredients for gelatin, and Rose gave away recipes with each purchase. When she was 50, her husband died and Rose took over the business, causing the departure of a male manager. Rose supported work equality by closing the back door so women and men would both enter and exit via the front door of the manufacturing plant. She was  a pioneer in nutrition, test kitchens, labor relations and creating the gel tab.

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Helena Rubinstein brought 12 jars of face cream to Australia from Poland at age 24. She settled in a small sheep grazing village but set about selling style and fashion to the local population. Her cream incorporated lanolin that had an awful aroma for which Helena experimented with scents. 6 years later she had a viable business in Melbourne. Helena pioneered the concept that beauty was a new power. She also established professional standards for beauticians, developed luxurious packaging, garnered celebrity endorsements. After the stock market crash she refocused on establishing salons and developed a financial empire that made her one of the richest women in the world.

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Ida Rosenthal did not buy into the flapper look, which failed to address more buxom women. Her husband, a sculptor, helped her design a bandeau that would offer support within a dress. When the dresses with these built-in bandeaus became popular, the Rosenthal’s developed the first brassiere by joining the two cups together with elastic. Ida’s husband died in 1966, and Ida ran the multimillion dollar company herself until her death in 1973. Maidenform continues to be a popular brand.

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Olive Ann Beech partnered with her husband to establish Beech Aircraft during the era of cross-country air races. World War II called for an expansion to support wartime production, and Beechcrafts became the standard training vehicle for military aviators. In 1950, her husband died. She secured a $16 million loan during the Korean war and expanded her employee base from 2800 to 13,000 that year.  Post-war, Olive Ann focused on space age production in partnership with NASA.

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Barbara recounts the stories of numerous other real life heroines in A Thesaurus of Women and her online column: “CountHerhistory”. Her second book should be coming out by the holidays, and will be a perfect gift for your leading ladies.

“Love is what is selling business”
~ Larvetta Loftin

Janice M Faris, Accountant and Principal/Owner of Janice M Faris, EA, helped us to think about how we pay ourselves as entrepreneurs. It shouldn’t just be about covering costs, but also about the lifestyle we want to establish for ourselves and support in perpetuity. She pointed out that even a not-for-profit pays their employees (and some very well), so that being a non-profit has nothing to do with giving yourself a salary.

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Jan pointed out that it is very important to make retirement part of that income equation, and to take inflation into account as well. Jan can help solopreneurs determine whether to set up as a a sole proprietorship, whether to incorporate or whether to establish an S-Corp and what the tax implications of each are. She and her partner Peggy Goddeau also take a comprehensive look at all your financial inflows, outflows and help project what you will need in the future to sustain your lifestyle.

“We tend to flock.
We have to make our own path and learn from other women.
Just because there is a path doesn’t mean we all fit onto it.”
~ Jan Faris

We discussed how we can improve our brands with marketing strategist Larvetta Loftin. Larvetta’s L3 Eventeurs provides lifestyle marketing, advertising, public relations, and live engagement events to a broad array of clients. Larvetta had us identify our favorite brands, and made the profound statement that the brands we admire share our customers and clients.

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She said that brands that stick to their passion and purpose do better than those who change their business model. It is easy to leave loyalists and brand influencers behind if you do not keep reinforcing your promise to them. Larvetta also emphasized that collaboration is key. Partnering with businesses who share your vision can strengthen both brands. Key questions to ask when developing your brand are:

1. What is our promise?
2. What is our why?
3. What is our influence?

She also stated that branding is not just a logo, and social media is not a strategy, it is a tactic. Branding is a part of marketing and establishes your perceived value. Larvetta enjoys working one-on-one with small business owners to determine their brand and create a strategy with them.

“You can be a small business but a big brand.”
~ Larvetta Loftin

Karen McCormack covered the new guidelines and brackets for health care.  One key change Karen noted is that being a woman is no longer considered a “pre-existing condition”—when previously there was a large discrepancy between health care costs based on sex. Reproductive and preventive care should be free under the new insurance plans. Ageism has also been addressed with Obamacare, no longer penalizing older people for their age.

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Health insurance is now standardized into tiered plans: Bronze, Silver, Gold and Platinum that vary by the ratio of payments to benefits. This standardization does impact some of the networks insurance providers recognize, so it is important to check with your doctor on what network they are in when making decisions. Penalties for not having health insurance are going up, so it is important to take advantage of the current open enrollment period through Januray 31. As an independent insurance broker, Karen can assist anyone with navigating Obamacare 3.0, whether switching from group insurance to personal insurance, setting seniors up with medicaid and assisting small business owners with group plans. Karen is licensed in 13 states.

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All attendees went home with goodie bags. NEW will be on hiatus through the holidays, but stay tuned for our charity fundraiser in February 2016.

NEW – The Network of Entrepreneurial Women is a group of Chicagoland business women who are upgrading business networking with fun and creative events that inspire attendees to work together, refer each other and most of all cheer each other on as the membership succeeds. Events rotate around various suburbs on a semimonthly basis, usually the 2nd Wednesday and 4th Thursday of the month. RSVP for our upcoming events at Meetup, or like us on Facebook and check up on the calendar there.

Some photos courtesy NetworkHoncho.com.

Discussing being your best boss

“I believe in recharging as often as possible.
Go somewhere luxurious to luxuriate.”
~ Niquenya Fulbright of Building Bridges Consulting

Last week the Network of Entrepreneurial Women held a discussion on treating ourselves. As we nibbled on savory paninis and vegan chocolate pralines at Let Them Eat Chocolate, NEW co-founder Erica Thomas provided tips on how to become better bosses to ourselves, while facilitating a lively discussion around self-care.

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Erica stressed that as our own boss, we have to be the best boss, in order to keep our business functioning and energized. “Burnout can ruin a perfect production schedule,” Erica said. “Avoiding burnout has to be prioritized as highly as project goals.”

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Our attendees covered the full spectrum of women business care taking needs, including 2 nutrition and wellness experts, a fashion designer, a wardrobe stylist, a brand consultant, a technology consultant, and a small business coach. With our introductions we had to state how we treat ourselves. These treats ranged from booking luxurious getaways to pampering in retail and at home spa places.

A “2011 study found that frequent small pleasures,
like double lattes, pedicures, or soft socks provides
more happiness than infrequent large ones like sports cars or vacations.
Research shows that breaking up enjoyable experiences into brief events
— such as two 20-minute massages at different times
rather than one 40-minute massage —
gives people more pleasure. “

~ 33 Ways To Be Happier by Dina Spector

While massages and manicures and pedicures were popular, the majority of ladies present love to take a (jacuzzi) bath. To soak our stressors away, this article suggests taking a champagne bath, and offers a less extravagant milk and honey recipe a la Cleopatra. Before that bath, My Health Beet’s Svetlana Burak recommended dry brushing to exfoliate and detoxify.

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Highlighting that treats do not have to be high-cost or difficult to implement, many women also enjoyed getting lost in a story, whether through a popular TV series or by being transported into a book. Savoring a delicious meal or anticipating a glass of wine at the end of the day also served as pleasurable rewards for a job well done.

“Self-care is such a buzz word that it’s often tossed around
without people really thinking about what it means to practice it.
The truth is that integrating self-care into life is a choice
and a practice, and it only happens successfully
when someone is conscious and consistent about it.”

~ During Your Next Launch, Don’t Neglect Self-Care by Kate Swoboda

One way to treat ourselves better is by stopping to review what we have achieved. We each grow and learn every day, and looking back on a to-do list from a year to 6 months ago can indicate milestones we may not recognize as we adopt new skills into our regular routine.

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When asked what we would give our best employee suggestions ranged from a day (completely logged) off to family outings to writing down a daily or weekly list of accomplishments. Realizing that acknowledgement of things well done is a key motivator, we encouraged each other to print certificates of achievements for the things we sometimes fail to recognize.

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Getting in touch with nature also offers the opportunity for a re-set and turns out to be extremely helpful for the brain. John Haltiwanger writes that people who appreciate nature are happier, healthier and more innovative.

“Natural environments stimulate the brain
in ways civilization cannot,
exponentially improving our cognitive abilities
and igniting our imaginations.”
~ John Haltiwanger

Erica suggested that solopreneurs evaluate their businesses based on Crain’s “Best Places to Work 2015.” The selection criteria included: quantitative issues about pay, promotions, health care and other benefits, hiring practices as well as fairness of pay, vacation time, relationships with management and co-workers, career development and other day-to-day workplace issues.

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Being self-employed can cause for some pitfalls of bossiness. Key to preventing burnout is to also acknowledge our biorhythms, which we can sometimes try to push through. Once again, the best places to work example came to the rescue with the question “Would you work for someone who made you come into the office during a blizzard?”

“It’s OK that you don’t do everything.
It’s OK that someone else does it for you.
You have the wisdom to understand:
‘that’s not my strong suit, that is not my best quality’.”
~ Brand Consultant Cierra Cole

Delegation was also discussed and encouraged, whether it be training a 3-year old to shred papers, engaging older children in answering the phone, or outright hiring someone. Erica stated that we tend to take the longest doing the things we don’t like to do, and outsourcing that task to someone else can free us up to more productivity. Being a perfectionist can hinder that process, but one member pointed out that getting it done is better than for it to be perfect.

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It was lovely to lounge in a welcoming and comfortable space while bonding over indulgences. We look forward to revisiting Let Them Eat Chocolate in Andersonville, and are excited to spur each other on in our respective ventures.

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Continuing our theme of wellness and self-care, our next Wine Women and Wellness Event will coincide with a Women Out Walking presentation. NEW member Svetlana Burak of My Health Beet is partnering with Kim Leider, a Training Leader with Ava Anderson Non Toxic to present: “Clean Living Inside and Out” at the Evanston Public Library on Thursday, May 28 from 7 to 8:30 pm.

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Group photo courtesy NetworkHoncho.com.

NEW – The Network of Entrepreneurial Women is a group of Chicagoland business women who are upgrading business networking with fun and creative events that inspire attendees to work together, refer each other and most of all cheer each other on as the membership succeeds. Events rotate around various suburbs on a semimonthly basis, usually the 2nd Wednesday and 4th Thursday of the month. RSVP for our upcoming events at Meetup, or like us on Facebook and check up on the calendar there.