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

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.

What Business Women Should Consider When Finding a Mentor

Navigating the road to your career is not always easy —  especially as a woman. Although we have been pointedly fighting for gender equality in the workplace for decades, if not centuries, there is still a long way to go.

Finding a mentor can help alleviate some of the challenges that come along with finding out how to get where you wanna go. However, finding a mentor can be a challenging process itself. Here is what you need to know as a business woman looking for a mentor.

Workplace Discrimination

It’s vital to keep workplace discrimination in mind when looking for a mentor, especially if you’re a woman of color. Plenty of bias, prejudice, and stereotyping go on in the workplace, including persistent pay gaps between men and women. In order to avoid, tackle, and overcome discrimination issues, you must learn to recognize sexism in the office. Examples of gender discrimination include:

  • Unequal pay
  • Biased interview questions (i.e. do you have kids?)
  • Confirmation bias
  • Diminished responsibility
  • Gender roles and stereotypes i.e. men are strong, women are emotionally intelligent
  • Pregnancy discrimination
  • Unlawful termination

Hopefully, there are no major signs of gender discrimination in your office, but if there are, know your rights and speak up. You can always talk to the Human Resources department to discuss  your options.

When thinking about who you want to be your mentor, keep in mind the people who are doing the discriminating, and take note of who is speaking up. Perhaps a male manager checks the person saying something that can be offensive, perhaps a female manager takes action to make sure it doesn’t happen again. Obviously, you don’t want to have a mentor who will discriminate against you or other women, so try to find someone who can guide you in standing up for workplace rights.

Gender and Female Empowerment

In a mentor, you will want to find someone who does more than stand up for others when they need help. You want someone who will not see you as just a woman, but as a strong, skilled employee. Of course, being a woman is also powerful, so you should look for someone who will help empower you.

According to the findings from research on hostile work environments, “a whopping 84 percent of women have been told that they behave too aggressively, while 47 percent report being asked to do lower level tasks not asked of their male counterparts, like taking notes or ordering food.”

Due to this type of gender discrimination, you should consider gender as a factor in who you choose to be a mentor. If you choose a male mentor, they can potentially help you go after what you want more. The Wall Street Journal reports that “men are more likely than women to feel confident they are en route to an executive role.” In their study they found that men win more promotions, challenging assignments, and access to top leaders than their female coworkers.

Finding a male mentor can help you adopt a strong, confident attitude in the office that can help you further progress in your career. On the other hand, there are definitely major benefits to having a female mentor.

A female mentor is more likely to understand your perspective. They are likely to have experienced workplace discrimination at at least one point or another, and they can help you find ways to conquer it; having a female mentor can help you become the strong career woman you are striving to be.

Regardless of gender, you should look for a mentor who encourages employee development. This can be someone who pushes you and others to look for new opportunities in the office, such as applying for other positions within the company and helping you advance your career. They will be the ones to give you the push you need to get where you want to go, even if it means exploring paths you hadn’t really considered, such as getting a Master’s of Business Administration or another degree relevant to your career.

Being a Good Leader for Other Women

There is no question that the business world needs more women in it, especially in positions of authority. Hopefully, your mentor will help you rise to meet and surpass your goals in your career. This way, you can become a leader, and eventually a mentor, for other employees looking for guidance.

Of course, you should do everything you can to use your position of leadership and power in the workplace to be a good boss to other women and lift up female employees in particular. Washington State University states that being a good leader to other women means fostering “a business environment that invites and involves women in business to gain respect and to feel valued for their contributions, leaders and managers can work to overcome the roadblocks on the way toward building fulfilling careers.”

On your path to finding a mentor and learning where you want to go in your career, make sure to learn from women leaders other than your mentor. Look for inspirational readings from other women, like Inna Rosputnia and Mariellie Rodriguez Mundy. With consideration, patience, and confidence, you can find the right mentor to help you be your best self in the workplace.

How Can More Women Ascend to Executive Positions?

Enjoy this guest post, written by Avery Phillips. – Kimberly

The lack of women in executive positions is a societal problem that needs systemic action in order to change. According to an infographic by Ohio University, women make up 50 percent of the American workforce, but only account for 16 percent of executive teams. While this number is an affront to women everywhere, women are not the only ones who suffer from this disproportionate population of leaders.

Women Improve Diversity

Research shows that companies who prioritize diversity benefit in many ways, including increased problem solving, creativity, problem solving, and increased recruitment and retention. These highly desirable workplace traits are the result of cultivating a work environment that is inclusive, which is attractive to good job candidates. Inclusive workplaces are often recognized as progressive and forward thinking due to the unique culture, opinions and ideas of people from different backgrounds, which helps to increase the successfulness of any company.

Women are not ascending to C-suite positions, but it‘s not for lack of trying. There are many forms of institutionalized sexism that prevent women from receiving the same opportunities that go to men, such as distribution of scholarships and the availability of jobs post graduation. In order to balance out the genders of these positions, it’s important to make deliberate motions towards this goal. This includes targeted recruiting, a transparent and supportive HR equality policy, as well as employer-supported continued education.

Ascending to Executive Positions

Education is one of the most important factors for increasing the number of women in positions of power. From 1970 to 2013, the proportion of professional women with a college degree went from 11 to 39 percent. This shows that women are investing in education as it is advocated as the most important step to achieving financial security. Unfortunately the number of women in executive positions has not correlated closely with the number of women earning degrees.

For this reason, companies are responsible for creating more opportunities for women to be involved in upper level management through targeted recruiting and transparent policies. Executive positions have long been filled by men and it is difficult for that to change without purposeful and actionable attention to the issue. Increasing the visibility of women executives is important in providing role models for young women to look up to and make goals to strive towards.

Women bring a lot to the table, and having them in executive positions helps add an important perspective and opinion to business decisions. The various upbringings of minorities, and those who collect life experiences that vary from the standard white male, are helpful in providing considerations that represent company employees and audiences who are minorities. It’s impossible to be inclusive without actually including minorities in upper level management and this is now being recognized as a far-reaching problem. However, by increasing awareness of the disproportionate numbers of women in executive roles and creating initiatives to combat them, women can succeed in C-suite positions and take up the space that has always belonged to them.

ABOUT THE AUTHOR:
Avery Taylor Phillips – Avery is a freelance human being with too much to say. She loves nature and examining human interactions with the world. Comment or tweet her @a_taylorian with any questions or suggestions.  Check out her blog on https://www.equities.com/user/AveryTaylorPhillips

Scientist Comedian Finds an Algorithm to Bringing Laughter to the World by Vidushi Somani


I stood in front of hundreds of people, worrying that the microphone would slip out of my sweaty hands. Suddenly, my throat swelled up, and my chest became heavy. I took a moment to reflect on how I’d ended up on this stage. This was different from anything I had done before.

For years, I had entertained my parents with stories from school and accents I picked up. My parents would hang on every word, laughing hard. Then they would invite me to perform in front of their friends. Embarrassed at first, I became more comfortable the more my audience laughed. Soon, I was making up stories on the spot, coming up with new ways to embellish and exaggerate to get people howling with laughter. Almost every week, I’d find a new family to entertain.Continue reading

When My Personal Finances Almost Ruined My Dream Job By Avery Taylor Phillips


I have always been a spendy person. I love to shop (who doesn’t?), and I love to pretend like I can afford that $800 couch I saw on Apartment Therapy. If you give me a credit card, it doesn’t take long for me to fill it up.

Well, when my side-hustle started to pick up steam, I thought I was well on my way to being a professional artist. Sales were increasing, profits were almost matching the income I was making at my day job, and it seemed like my ideal job working for myself was just over the horizon.

Unfortunately, my habits soon caught up with me. This is the story of how I found out (the hard way) that my personal finances ruined my dream job.

Continue reading

How Female Entrepreneurs Can up Their Game With Tech Skills By Avery Taylor Phillips


If you’re not learning, you’re already falling behind. Being an entrepreneur is no walk in the park, especially if you’re a woman. The need for more entrepreneurs in the U.S. is undisputed, and though the rewards and benefits of entrepreneurship are enough to put in the effort, you need an extra edge if you want to be successful.

That’s where the tech industry comes in. Technology is everywhere; there’s no escaping it. Instead of fighting it or just learning the bare minimum, why not embrace this field and go all out? This male-dominated industry is ripe for the influence and innovation only a woman’s perspective can bring.

Tech jobs cannot be filled fast enough and many companies bemoan not being able to find enough qualified workers. Through technology, your entrepreneurial options become endless. All you have to do is take advantage of them.

Beauty and the Tech

Believe it or not, women were the pioneers of the tech industry. At one time, they even outnumbered men in this field. In the past, many women gravitated towards majoring in math, giving them the knowledge and skills that were necessary for computer science.

Women such as Jean Jennings Bartik and Grace Hopper made great advancements in this field, though they weren’t given much credit. Perhaps the lack of known female role models in technology was what led to the eventual decline of women in computer science occupations.

Many tech firms now only sport a 30 percent female employment rate. It was around the late 1980s when female computer science majors dropped below 20 percent. Before that, 40 percent of computer science majors were women.

What caused this decline? During this time, personal computers were on the rise. Steve Jobs and Bill Gates were all over the news, and people took notice. Soon, computers were associated solely with boys and men.

Male students became the top picks of schools with technology programs, and women were left to pursue other degrees. However, things are changing now that the gender gap is becoming a more recognized issue in public discourse.

Tech 101

So now you have an interest in tech, but what exactly do you focus on? There are so many fields in technology to explore, and although you can’t really go wrong with any of them, here are some tech skills entrepreneurs must have to succeed:

  • Coding: learning some coding basics can do wonders for your website. HTML and CSS dictate how your site looks and works. Java and Python are other options to look into as well.
  • Big Data: Being able to analyze large sets of data and derive patterns from that data is an incredibly useful skill to have. Big data analysis can help you narrow down a target audience and inform business decisions, not to mention getting a leg up on the competition.
  • Online Accounting: Every business needs to keep their finances in order, including yours. Find an accounting software that offer billing and receipt tracking features and anything else your specific business requires.
  • The Cloud: As technology advances, more and more signs are pointing towards data storage in the cloud. That being said, you’re gonna need to learn how to use Google Drive and Dropbox (both are great timesavers and lifesavers). It makes sharing and storing content much easier.
  • Graphic Design: The saying “don’t judge a book by its cover” definitely does not apply to the website of a new business. How your website looks design-wise can be as important as the business itself. Bad website and logo design can be enough to deter many potential customers. So effective content marketing graphics with Photoshop and Illustrator is a must.
  • Mobile: More likely than not, there’s probably a cellphone on your person right now. That being said, you need to make sure your business is easily accessible on peoples’ phones. Once your website is optimized for mobile users, your business will be accessible to a much wider audience.
  • Email: Email is one of the most important tech skills you can have. It is one of the quickest and easiest ways of communication and can be made even more efficient by learning shortcuts and employing automated emails.
  • Social Media: Social media skills are also a necessity to have when trying to get the word out about your business. The benefits of sharing media (such as video) for your business are numerous. You can gather a multitude of useful information from social media free of charge. Plus, it’s a way to better connect with your customers as well.

Remote Working Tip: Did you know now you can work from home at your convenience on your preferred device(PC/android/iOS) by accessing your online private work space with windows virtual desktop from www.CloudDesktopOnline.com with 24*7 dedicated technical support from one of the leading cloud solution providers – Apps4Rent.

Tech Savvy Education

As mentioned before, a career in tech entails a lifetime of learning. Fortunately, there are many routes one can take to gain a better understanding of computer science. There are plenty of free resources, such as tutorials, blogs, ebooks and workshops, that are available to gain a basic understanding of a particular subject.

To get a more in-depth education, it’s best to go to school and major in a degree such as computer science. Whichever path you decide to take, it’s best to set some goals for yourself. It’s important to reach the goals you set to not only boost your confidence, but also to grow personally.

The opportunities for entrepreneurial growth are at its peak, especially if you are a woman. A female perspective is much needed and desired in this industry. Instead of waiting and letting this opportunity pass you by, take the initiative and become the newest pioneer in tech.

ABOUT THE AUTHOR:
Avery Taylor Phillips – Avery is a freelance human being with too much to say. She loves nature and examining human interactions with the world. Comment or tweet her @a_taylorian with any questions or suggestions.  Check out her blog on https://www.equities.com/user/AveryTaylorPhillips

Time Management Quiz: Do You Have Time for This? Rate Yourself by Kathryn McKinnon

Time Management Quiz: Do You Have Time for This?
Rate yourself on your ability to accomplish the following:

I have time for creative or strategic thinking.
I stay focused on one thing at a time.
I have time to do what I enjoy most.
There is meaning and significance to my work and my life.

I feel connected to my company’s mission and purpose.
I am connected to my own life’s purpose.
I have opportunities for learning and growth.
I have time to do my best work.
I minimize interruptions and distractions.
I schedule time for my highest priorities.
I have systems in place to manage my time successfully.
I stay positive throughout the day.
I maintain a sense of energy throughout the day.
I understand what it takes to be successful at my job.
I balance my work and personal life.
I disengage from work.
I build healthy boundaries with my time.
I manage perfectionism and minimize procrastination.

If you don’t have the ability to accomplish the items from this Quiz, then what do you have time for and how do you spend your time?

Demand for our time is exceeding our capacity, draining us of the energy we need to bring our skills, talents and sense of purpose to our lives. Increased competitiveness, a leaner work force and a requirement to do more with less are adding to the pressures. The rise of digital technology is exposing us to an unprecedented flood of information and requests we feel compelled to respond to 24/7.

The truth is that we always have time for what’s most important to us. How do you  prioritize your day?

If you can’t accomplish as much as you want, especially when time and quality are of the essence, begin by tracking your time to notice how you’re prioritizing your work and tasks. You’ll start to notice patterns and unproductive habits, what distracts you, what interrupts you, the choices you’re making with your time and what gets you off track. Once you know this, you can begin to make better choices with your time. If you don’t track your time, you’ll never know what’s getting in the way of your productivity.

Or if you’re Stressed, Frustrated and Overwhelmed…

…You’re not sure how to get started, and you’re ready for executive coaching, I’d love to be the one you reach out to for help solving your time management issues and challenges.

Contact me at support@Kathryn-McKinnon.com for a complimentary Discovery Session to identify your biggest time management issue and uncover steps you can take to solve your issue.

ABOUT THE AUTHOR:

Kathryn McKinnon, a Harvard Business School and Fortune 500 Executive Coach, Time Management Expert, Bestselling Author of Triple Your Time Today on Amazon, Speaker, Seminar Leader and CEO of McKinnon & Company dedicated to helping executives, professionals and business owners reduce the chaos and stress, add order and structure to the day, boost energy and explode productivity to achieve the best results with your time. https://www.Kathryn-McKinnon.com

 

 

10 Powerful Tips to Write and Sell Your First eBook (SBO) by Scott D.

There are a lot of writers who have succeeded in publishing an e-book. This was not an easy feat though. They had to go through a lot just to come up with something interesting that people would want to read. There were others who have tried publishing an e-book but ended up with failure.

If you are planning to write an e-book for the first time, you need to make sure that you gather your ideas first. People don’t want to read disorganized thoughts or just simple rambling words that don’t make sense. Just because you are an expert in a specific area does not mean you can easily convey your thoughts. You have to tie those words together and arrange them first before people will appreciate what you have written. This will make your e-book more appealing.

Once you are done brainstorming and identifying what to put on the e-book, it is time to start writing. Make sure that you don’t just give information that people already know. Use your unique personal experiences to share with them something that they don’t know yet. This makes it easier for them to like the e-book.

Eventually, if you have succeeded in writing an e-book, you can come up with more e-books in the future and people will still buy what you offer. We have gathered the best tips for you through the image below so that you won’t have a hard time writing an e-book now.

10 Powerful Tips to Write and Sell Your First eBook (SBO)

           

5 Tips for Older Adults During Tax Season

Photo by: Pixabay.com

Does the word “taxes” make you cringe? Do you have April 18th circled in thick, red marker on your calendar? Tax season doesn’t have to be stressful. Before you roll your eyes in disbelief, let’s review the facts. For those who are over 50 years of age, you are well-experienced in this time of year. You have been through enough of them to know what things to avoid and what things to research. However, it never hurts to take a second look at  the world of income tax to make sure you are in the know this season. As things are constantly changing, let’s review just a few points to keep in mind while you conquer this tax season:

1 – Know Before You Go

Are you familiar with the tax benefits that are available to you? If not, do some research before handing your well-earned money over to anyone else. There are very knowledgeable professionals available to help you (not to mention 1099 software, W2 Software, E-File software, and payroll software), but no one knows your situation better than you. For example, did you know that once you retire if you withdraw money from your ROTH IRA, you do not have to pay taxes on that money? Make sure you are well-informed in all of your applicable deductions before you seek help from someone else or file on your own.

2 – Don’t Pay a Fee If It Can Be Free

Beginning at age 50, you have the opportunity to obtain free help when filing your taxes. Instead of paying out of pocket or paying a percentage of your refund, head to an AARP or TCE volunteer who can help you file your taxes at no additional cost to you. AARP and the IRS certified TCE volunteers are located in cities all over the country, and in some cases, they are reimbursed for their expenses, so that you can be provided with some of the best free help there is!

3 – Have Fun With Your Refund

Alright, maybe our definition of “fun” varies a little from what you may be thinking. Financial stability is probably one of the most relieving, and yes “fun,” things you can do. Use your refund check to pay down your debt, invest it into a promising company, or save it in an emergency fund. Smart financial pre-planning will help you navigate your cash-flow now so that you can enjoy the years to come.

4 – The Medical Bills You’ve Paid Are Just a Deduction Away

Medical bills are expensive; you shouldn’t have to feel the weight of those more than once. Did you know you can claim those expenses when you file your taxes? If you or a dependant uses a medically issued device such as a wheelchair, or if you pay for a nursing home, you may find that to be an advantage during the tax filing process.

5 – Before Your Check Is Spent, Save 25 Percent

If you own a small business to help supplement your social security income, make sure you know which tax bracket you will be responsible for. It is good practice to hold back roughly twenty-five percent of each sale you make, so that you will be able to cover your taxes at the end of the year, without making an unexpected dent in your income.

This can be the most stress-free tax season you have ever experienced. Stay informed about the ins and outs of your tax requirements and stay prepared for your future. Whether you are just coming into retirement or you are a seasoned, senior tax-payer, use these tips to allow your money to benefit you in the years to come.

ABOUT THE AUTHOR:
Julie Morris – Ms. Morris is a life and career coach who strives to help others live the best lives that they can. She believes she can relate to clients who feel run over by life because of her own experiences. She spent years in an unfulfilling career in finance before deciding to help people in other ways.
Juliemorris.org | jmorris@juliemorris.org