The Importance of Helping Others in Business

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Many entrepreneurs can be insular, greedy, and selfish. However, the best businesses are always those that are the most giving. 

Your company needs to fulfill a real purpose in society. Every idea you have needs to resonate among the masses, changing lives for the better. After all, ambition is a core trait of any successful entrepreneur, so there’s really no place for half measures here. 

How you choose to run your company plays a big part too. You will often be judged on your ability to go the extra mile for your workers and your community. Every resource and piece of knowledge that you have needs to be put to good use. 

Here’s why helping others in business is so important. 

Creating More Opportunities

As you build experience in the business environment, you may find yourself being pulled in different directions. Some of your knowledge may no longer be useful to you personally as your company evolves too. Continue reading

How to Stay Virtually Connected with Your Customers

Contributed infographic in our business series. Enjoy! – Kimberly

Though the enforced quarantines in most areas have been lifted, it’s still going to be some time before things are back to business as usual. Because of the lack of in-person interaction between brands and businesses, keeping your audience engaged and invested online is more important than ever, or else you may risk getting lost in the shuffle. With the right tools at your disposal and some creative thinking, almost any company big or small can successfully pivot to a primarily online communication strategy.

Take a look at the visual guide from RentSpree below to learn about the types of tools you should be investing in that won’t break the bank, creative content ideas for social, and examples from big-name brands who successfully pivoted to virtual communication. For example, have you seen Nike’s “water bottle workouts” on TikTok for people who can’t make it to the gym, or Disneyland’s virtual rides? Check it out!

Please include attribution to RentSpree if you share this graphic.

How to Stay Virtually Connected with Your Customers

7 Ways to Support Small Business in The New Normal

Contributed article in our business series. Enjoy! – Kimberly

(Royalty-free image download here )

The novel coronavirus has disrupted the way we live, work and go on about our daily lives. Small and locally owned businesses have been hit especially hard throughout the pandemic, as shelter in place orders closed their doors for weeks to months. 

During lockdown, it was all too easy to shop online with big retailers such as Amazon. But as our communities begin to reopen and adjust for the new normal, our mom and pop shops, women-owned businesses, local restaurants and service industry workers are in need of financial support. 
Continue reading

The Gender Gap in Venture Capital: How Female Business Owners Are Proving Themselves

Contributed article in our business series. Enjoy! – Kimberly

As much as we push for equality, women still face many uphill battles in the business world. The industry is primarily dominated by men and with that comes challenges for female entrepreneurs. For one, women face barriers when it comes to accessing capital to start and grow their businesses.  In fact, solely female companies accumulated only 2.3 percent of the total capital invested in venture-backed startups in the US. 

Thankfully, female entrepreneurs are starting to gain ground in venture capital and make strides to create equal opportunities in the industry. If you are a woman in business and plan to search for venture capital, wow them with some of these leadership skills to make you stand outContinue 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

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

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.