Tips For Starting Your Own Business: Inc. Women’s Summit 2016

Women have made leaps and bounds in the worlds of business and entrepreneurship. Though the probability of a woman becoming a CEO or running her own company has grown in recent decades, there are still strides to be made and barriers to be broken—and that’s why opportunities like Inc.’s Women’s Summit are so important.

This year’s summit, which took place in New York City on November 3, saw hundreds of aspiring female business owners and professionals gathered to listen to and engage with empowering speakers of all different backgrounds. While each speaker had a unique message and piece of advice for the audience, we’ve compiled some of the most important tips for women business leaders—first up, advice for starting your own business.

The probability of a woman starting and running her own company is far higher now than ever before, but there are still a lot of barriers for female entrepreneurs—in terms of access to capital, finding solid investors, etc.

Inc. Women’s Summit was an opportunity for female business leaders from across the country to gather, share ideas, and listen to advice from successful CEOs and titans of industry. Here are some of the most important pieces of guidance they had to offer.

  1. Don’t be afraid to ask for help. Like anything else in life, you can’t build your business from the ground up without any assistance. The statistics surrounding women’s access to capital are still disheartening, however there are plenty of options if you’re trying to take your business to the next level. If you are able to show proof of interest in your company, angel investment companies who focus on female-led businesses, like Golden Seeds for example, could provide some assistance. Or if you are just starting out, crowd funding campaigns have proven to be a highly successful way to get the word out about your product or service.
  2. Act quickly, but smart. Carolyn Rodz, CEO of Circular Board—a company which helps to accelerate and ease the process of forming a startup for women—said that if you really want to jumpstart your company, it’s important to “work fast, but smart.” Working quickly, making important decisions in a timely fashion, and taking risks are all important, but only if done with insight and forethought. Without weighing pros and cons and considering all your options, you can’t make intelligent decisions.
  3. Visualize your success. One of the most important parts of running a successful business is being able to picture your company in the future. Would you want to picture your company five or ten years in the future, having grown very little? Of course not. You want to picture your company growing leaps and bounds—and that’s the only way it will be able to grow. Barbara Corcoran, real estate mogul and investor on ABC’s Shark Tank, stressed the importance of not letting the war in your own head halt your success. Once you win that battle, the rest of the building process will seem much easier and attainable.

Stay tuned for more insight from the Inc. Women’s Summit, including tips for building a strong company culture and being a strong leader.

And for more advice on successfully growing your business, visit http://remindermedia.com/blog/.

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