4 Types of Insurance You Need to Protect Your Business

Contributed article in our business series. Enjoy! – Kimberly

No matter what type of business you’re planning to run, there is a certain amount of risk that comes with having your own company. Even if you put all your effort into getting your business off the ground, there are all sorts of unforeseen circumstances that can arise, making it more important than ever to take out insurance. Whether you’re a small business or large organisation, keeping your company protected is crucial.

With that in mind, here are four types of insurance you should take out in order to ensure your business is protected.

Employers’ Liability Insurance

If you are employing others in your business you are legally required to take out employer’s liability insurance, which will ensure your employees are protected if they have a fall or are injured whilst at work. It’s important that you display your insurance certificate where your staff can view it.Continue reading

Guide to Freelancing (Infographic)

Contributed article in our business series. Enjoy! – Kimberly

Whether you work a full-time job, already or are fresh out of school, it’s likely you’ve considered freelancing at one point or another. It’s a great way to gain a little extra income without too much commitment, and pick up new skills in an area of specialization. If you’re curious about freelancing, or are finding that you freelance client list keeps growing, you may wonder if you should simply freelance full-time.

While going freelance means you can work anytime and anywhere you want, it also means that your income is entirely dependent on the work you’re able to do. You gain more freedom, but you also lose some security. It’s entirely possible that you’ll have some months when you’re barely scraping by, and some months when you can’t seem to keep up. The unpredictable nature of freelancing can take a toll on your health and your finances if you aren’t prepared for the ride.

You’ll need a healthy emergency fund, good client communication skills, and a support system in place to make sure you don’t get bogged down by any setbacks. To find out whether or not you’re ready to freelance full-time, check out this visual by Turbo below:Continue reading

How to Start a Business in the US in 6 Steps

Contributed article in our business series. Enjoy! – Kimberly

Incorporating in the United States can increase the credibility of your business on the international front, and it is invaluable if you’re selling to Americans. It is even possible to open a business in the United States if you aren’t an American citizen, and you may not even need to be a legal resident. This allows people from around the world to take advantage of business structures like the limited liability corporation. Let’s discuss how to start a business in the US in 6 steps.

Choose the Type of Business You Want to Form

There are two main types of business structures open to those who are not U.S. citizens or long-term residents: the LLC and the corporation. An LLC is a limited liability corporation. It limits your liability in case of a lawsuit. The main benefit of an LLC is that it doesn’t pay corporate income taxes; you only have to pay personal income taxes on your share of the revenue from the business.Continue reading

What is the Glass Cliff? (Infographic)

Career advancements often don’t come easily for women, what with facing gender discrimination on the job, struggling with pay inequality, and even dealing with sexual harrassment. If these obstacles were not enough, several female professionals also must confront the reality of the glass ceiling, the notorious barrier to achievement that often holds women back from reaching executive roles in corporations. Still, even for those high-performers that are able to successfully break the glass ceiling and take on top roles, far too many competent women are faced with yet another massive career challenge: the tricky paradox of the glass cliff.Continue reading

When Not to Listen to Your Customer (Infographic)

Contributed article in our business series. Enjoy! – Kimberly

Everybody has heard the old adage that the customer is always right. Nobody can deny the importance of listening and responding to your customers. There’s no better way to build customer relationships and foster trust in your business.

By demonstrating that you hear your customer’s opinions and are willing to address their concerns and feedback, customers will remain loyal to your brand. They are also more willing to refer your business, make a repeat purchase, or leave a positive review.Continue reading

6 Productivity Hacks for the Busy Female Entrepreneur

Contributed article in our business series. Enjoy! – Kimberly

You’re starting a new business or embarking on a freelancing career. No matter where you are, you’re a woman in the global workforce and your business. Sometimes telecommute or remote work makes you lazier than you anticipated. There are days when you’re not focused on your goals. The following six tips will teach you how to be more productive, so you can boost productivity levels, increase your workload, and follow-through with those important tasks.

Find Out How You’re Wasting Time

Before you do any work, you need to figure out how and where you’re wasting most of your time. Take an hour each week to record how much time you spend doing everything throughout the week. Use a mobile app such as Rescue Time, which records how much time you spend on social media channels and other apps. If your work doesn’t always require a computer, then look at the clock and record each task, e-mail, phone call, and break takes.Continue reading

How to Use Inclusive Language in Your Small Business

As a business owner, you know that there are a lot of elements that have to remain in balance in order to ensure business success. Between acquiring clients and keeping your finances in check, things like the culture of your workplace can easily fall by the wayside. Many leaders do not recognize the importance of fostering an empathetic and diverse culture, yet diverse workplaces are 35% more likely to financially outperform homogenous ones. So working on creating an inclusive and supportive workplace is just as important as any other part of running a business.

How can you create a more inclusive workplace culture? A great way to do this is to demonstrate empathy in the way you communicate with your employees. Not only does this mean being understanding and helping them thrive professionally, but this also means understanding that your intentions cannot always be accurately conveyed. Even if you don’t mean to say something that offends someone, it’s still entirely possible to do so. That’s why it is important to educate yourself on the words and phrases that exclude others.Continue reading

How Can Women Of Business Protect Their Data?

Data Protection 101 for Businesswomen

Data breach is becoming a norm. Amid the threat presented by hackers, people and businesses are becoming more conscious on using the Internet. Many are looking for various solutions to make their time on the web more secure. Businesses, in particular, are investing more to comfort their customers that data they provided are secure and won’t be stolen by anyone. Businesswomen concerned over the threat of cyber hacking on their business must know more about ways to secure their business data. This article will focus on ways businesswomen can secure their data amid waves of data breaches.

Train Your Employees

Experts claim that security solutions are not enough to protect your data. They emphasized the importance of involving your staff to protect your business from hackers. Continue reading

Top 5 Women in the Investment Game

Finance has always been a male-dominated profession, especially when it comes to positions of power. Women in finance face multiple hurdles on their way to the top. They are often underestimated and expected to work harder than male counterparts to prove their worth.  Additionally, women are often held to different standard and even simply overlooked when it comes to rising up in a work environment. These facts are supported by statistics, which show that even though women are actually 3 percent more effective than men in terms of leadership, only about 3 percent of top company CEOs are women.

If you want to make it big as a woman in finance, then consider finding a role model or mentor. Here are five women who have shattered traditional perceptions and made a name for themselves in the investment world:

 

Abigail Johnson, Chairman and CEO, Fidelity Investments

Called “the most influential woman in finance” by Boston Magazine, Abigail Johnson is a force to be reckoned with. Fidelity Investments is a 72-year old firm, but Johnson is “determined to remake her family’s company for a new generation. And she’s willing to shake up the old-boys club to do it.” She has been featured on many Forbes’ lists, including Forbes Most Powerful Women of 2018 with a rank of #5.

After over 30 years of working at Fidelity under her father, she was named CEO in 2014, and Chairman in 2016. Johnson is famous for pivoting away from traditional Fidelity strategies, and in her first year as CEO, Fidelity saw profits of over $5 billion for the first time ever. Apart from being an undoubtedly stellar female businesswoman, Johnson works with youth organizations to promote financial services as a career choice for young women through Fidelity’s Boundless program.

 

Linda Bradford Raschke, Professional Trader
Professional trading is a difficult field. Al Hill, co-founder of TradingSim writes, “First off, trading is honestly worse than a sales job or entrepreneurship when it comes to steady income. The level of uncertainty can be unbearable if you have never gone without a steady paycheck.” But the level of unpredictability didn’t stop Linda Bradford Raschke, who has made it to the top as a professional trader.

Starting off as a trader in the early 1980s, Raschke worked as a market maker for stock options. After working at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange, she became a self-employed day trader. She has written a book on trading strategies that is widely featured in the media and is often called upon to lecture on trading for many renowned organizations like Bloomberg. Even though she is retired today, her legacy included two financial firms that bear her initials LBRGroup, Inc., a commodity trading advisor, and LBR Asset Management, a commodity pool operator.

 

Lubna S. Olayan, CEO, Olayan Financing Company

Lubna S. Olayan is the CEO of one of Saudi Arabia’s top companies, Olayan Financing Company. Not only is she responsible for 50 manufacturing companies, but she has also been featured on the Forbes’ “Most Powerful Women” list. Olayan is a great example of breaking barriers. As a Saudi woman in the 1980s, working in business was not considered socially acceptable. Even today, it is still rather uncommon for Saudi women to work outside the house.

But Olayan didn’t care much for these societal restrictions and didn’t let cultural perceptions get in her way. Today, she employs over 540 women in her company and is a strong advocate for women in the workforce. Her skill and perseverance led her to become the first female board member of a Saudi public company, Saudi Hollandi Bank in 2004. She has also served as a board member for Egyptian Finance Company and the investment bank Capital Union.


Aileen Lee, Founder and Partner, Cowboy Ventures
Featured on Forbes’ Midas list, Aileen Lee is the cofounder of Cowboy Ventures. According to Forbes, “Lee secured the #97 rank thanks in part to her investments in Bloom Energy, which could list on the public markets as soon as May and was most recently valued at about $3 billion; Dollar Shave Club (acquired by Unilever for $1 billion in 2016); and Rent the Runway, which raised funding this year at an estimated valuation of nearly $800 million.”

Sound investments aside, it is worth noting that Cowboy Ventures in one of the first VC firms to be launched by a woman. Previously, Lee worked at the prestigious firm Kleiner Perkins Caufield & Byers for 13 years. As a champion for women in the workplace, Lee is also a founding member of All Raise, which runs a one-on-one mentorship series for women in investment called “Female Founder Office Hours.”  

 

Marie Chandoha, President and CEO, Charles Schwab Investment Management
With over 35 years of investment experience, Marie Chandoha was named CEO of Charles Schwab Investment Management (CSIM) in 2010. Chandoha got where she is today by taking risks. For instance, as stated by Forbes, “she once took a role at a company heading an underperforming department. She knew the job could disappear if she didn’t turn the unit around and the parent company collapsed it.” Instead, Chandoha successfully made the department profitable again, allowing her to move on to other roles.

Prior to joining CSIM, Chandoha was the global head of the fixed-income business at BlackRock (formerly Barclays Global Investors). Chandoha is a strong businesswoman, but also has an innate concern for the well-being of others. She acts as a mentor to many women colleagues and encourages them to take career risks and stretch themselves. She is also an advocate of sustainability and owns a ranch with her husband dedicated to sustainable farming practices.

Being a woman in investment is no easy feat. With a multitude of various obstacles along the way to the top, much still needs to be done to even the playing field between men and women in business. That being said, if you’re a woman in finance looking to shatter the glass ceiling, don’t lose hope. After all, as proven by these five titans of the investment world, sheer grit and determination can lead to success.

Female Scientist Brings Awareness of Hepatitis B in China and Bay Area by Stuti Upadhyay


A week-long trip to China doesn’t sound like a big deal. After all, thousands of people visit China every year, many for months at a time.

But for me, a sixteen-year-old Indian girl traveling from San Jose to Beijing, this trip was a daunting ordeal. I would be spending the week with six other kids I didn’t know, sharing a large apartment with my dad as the only chaperone.

We were traveling to China as part of an International Outreach Awareness Committee with Team HBV, a student-run organization under the Asian Liver Center. The Asian Liver Center, along with Team HBV, aims to educate the general public about the prevalence of chronic Hepatitis B infection in Asian communities.

Chronic Hepatitis B, which can lead to serious liver damage and eventually liver cancer, claims the life of 600,000 people each year. Furthermore, although Asian Americans consist of only 4% of the American population, they comprise of over 50% of the nation’s chronically infected people.

Hepatitis B is preventable through vaccination, but the disease often does not show symptoms until it is far too late. Because of this, early screening and testing are of utmost importance.

Unfortunately, there is a strong stigma surrounding Hepatitis B in Asian communities. Our group traveled to China as a way to start the conversation regarding the disease. By encouraging even a few people to get screened or encourage their friends to get tested, we could take small steps to eradicate the taboo and saving lives.

Our group consisted of kids from all around California who were handpicked to represent the Asian Liver Center in China through an application process.

The first few days of our trip were awkward and tense; no one knew each other and everyone was trying to get accustomed to their surroundings. Our shared goal of spreading information brought us together, and we spent several hours rehearsing our presentations, going over HBV facts, and working out the details of our outreach.

Although we weren’t able to present at some of the elementary and middle schools we had planned to visit, we educated everyone we talked to, from college students to workers in the Subway.

We even worked with interns at the Peking ALC to see if they could replicate some of the outreach that was working so well in America.

And over the course of this week, the trip that I once so feared became one of my favorite experiences in my life. I grew incredibly close to the other committee members, and I visited many amazing, historical places in China.

I also grew even more passionate about our cause. Before, I volunteered with Team HBV because I thought it was a good cause to support. I got involved because I felt like I couldn’t let innocent people die when I possessed knowledge that could help them.

During my trip, I grew close to people who experienced first hand the tragedies of HBV: people who had lost loved ones to the disease; people whose own parents couldn’t tell them they were infected because they were embarrassed; people who wished they had gotten tested just a little sooner.

After returning home, I started looking for more opportunities to get involved. One of my first attempts was to rent out a booth at the monthly De Anza Flea Market to distribute outreach information and spread awareness. My two friends and I talked to over one hundred and fifty people about Hepatitis B and what they could do to help.

I used to think that this trip to China would be my biggest contribution and involvement with Team HBV. After all, I traveled all the way across the globe for outreach. Now, I know this is only the beginning. There are so many more things I can do, from starting a club at my high school and later at college to writing a blog and volunteer more frequently locally to help make a difference.

ABOUT THE AUTHOR:
Stuti Upadhyay – She is interested in the field of Biology – particularly molecular biology for cancer.  Looking forward to participating in many cancer-related molecular biology research opportunity, including hands-on lab work. She is passionate about helping disadvantaged kids, health and exercise, and environmental sustainability. A Bay Area native who enjoys the beach, running, soccer, watching movies and listening to music.