Entrepreneurs
6 Secrets of Super-Productive Female Entrepreneurs
More than ever before we are seeing motivated, intelligent and capable female leaders carving out the way in new, established and underdeveloped industries. Why are we seeing this new trend of women coming out of the wings to really show us what they are made of and how they can change the face of business? And even more fascinating than this, what are their secrets and how do they do it?
Here are the 6 ways in which we believe these super women are stepping into entrepreneurship and what we can learn from them:
1. Drive and Determination
Entrepreneurs such as Janine Allis who started with Boost Juice are full of drive and determination, as if they have something to prove, not to others but themselves. The up and coming women of this new generation as well as the female entrepreneurs from the last two decades have incredible talent, creativity and drive.
We see their companies and vision have depth, purpose and global initiatives. We see this in Janine Allis as her company growth then lead to her expansion into other passions and pursuits including nutrition, the environment and sustainability. No longer just being driven by material needs and values, leaders such as Janine want to make an imprint on the planet.
Instead of small minded success, they have planetary change and global domination in their business plans which makes for a very exciting time to be alive and be the outside witnesses of this change and progress in the world.
“A dream doesn’t become reality through magic; it takes sweat, determination and hard work.” – Colin Powell
2. Work/Life Balance
Entrepreneur Lesley Gillespie from Bakers Delight shows us the innate capacity to balance work and life. Aware of the building blocks to success, such as nutrition, sleep, relaxation and support, these women are plugging in and investing support teams and infrastructure around them.
No longer is the ‘work harder and faster’ mode being adopted, instead these leaders are quick to plug in, out source and use technology to help them map out and create the work life balance that they know they need to keep going. Lesley’s choice of the franchising model to scale her business shows us diversity and balance is required to get to the top.
Moving into franchising proved to be a winning move for her business, with revenue increasing from $585 million to $619 million last year. This is inspiring to both us as observers and also those on the inside as they are creating company culture that has longevity and support for others in their workforce.
3. Seeing the Big Picture
These female leaders have the capacity to see the big picture. Often they have come from extensive and exhaustive careers in the corporate sector and are now drawing on these experiences to create change and new models to solve the same problems.
This capacity to think big, perform big and deliver big visions brings dynamic and fluid change to environments that have become stale and unproductive. Not becoming burdened down with details and quick to delegate, these leaders are leading with a ‘go big or go home’ attitude which, we see is transforming industry and innovation left and right!
4. Early Mornings
Much like Xerox CEO Ursula Burns and First Lady Michelle Obama,to maintain their energy and health, these women wake up in the morning and practice an hour of power. This time is used to reflect, set goals, exercise and engage in personal development. This new generation of leaders are committed to self improvement and as such make time to work on themselves along side their businesses.
With the increased availability and trend of personal development there are many ways in which these women engage during this daily hour of power. Many write in gratitude journals, many listen to audios and podcasts as well as read an array of self development books.
5. Tech Savvy and Productivity Hungry
Technology and innovation becomes a big indicator and promoter of flow for these entrepreneurs. With the latest technological devices, programs and systems in play for their work and life efficiency, they master the use of leveraging technology to gain more productivity.
Whether it be through coordinating project management and team members, through the use apps or using virtual assistance and virtual meeting platforms, these women have access to everything at their fingertips to ensure their time is utilised to the max! With greater advancements in technology and organisational software it’s never been easier to become organised, productive and efficient in all aspects of their lives.
6. Meditation and Exercise
Entrepreneurs like Lorna Jane Clarkson have taught us about the importance or exercise and meditation as essential stress release. Through her brand Lorna Jane she leads the way modelling weekly preplanned and determines mediation and exercise regimes.
Female entrepreneurs know what it takes to play at the top of their game they are committed to putting in the time and exertion to perform at their best. Whether it be working out with a trainer, setting personal goals with group exercise classes or walking, running and swimming, these entrepreneurs make time for this as part of their lifestyle.
Many often engage in weekly yoga and daily meditation practices alongside their exercise regimes as a way of promoting wellness and maintaining a healthy and stress free lifestyle.
“Meditate, Visualize and Create your own reality and the universe will simply reflect back to you”. – Amit Ray
One thing is for sure, these female entrepreneurs and hungry leaders, are changing the way business looks and appears to us all and we have a lot to learn about the productivity, consistency and tenacity they display in their careers.
It’s wonderful to see female entrepreneurship becoming normalised, promoted and encouraged by all industries as women harness their drive, motivation and innovation, creating impact in the world.
Which female entrepreneurs have inspired you? Please leave your thoughts below!
Entrepreneurs
How Entrepreneurs Are Harnessing LLCs to Launch Successful Startups
LLCs have unique advantages for starting up and growing a successful business
In my entrepreneurial journey, I’ve learned that LLCs have unique advantages for starting up and growing a successful business. But, before delving into the advantages, it’s essential to grasp the fundamentals of what an LLC is and how it operates.
What is an LLC?
An LLC is a hybrid business entity that combines the liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship. This unique blend provides entrepreneurs with the best of both worlds: personal asset protection and simplified taxation.
One of the most significant advantages of an LLC is its limited liability feature. This means that as the owner, my personal assets are shielded from any liabilities or debts incurred by the business.
In the event of lawsuits or financial obligations, only the assets of the LLC are at risk, offering me peace of mind and protecting my personal wealth.
Advantages of Forming an LLC
Flexibility in Management and Structure
Another aspect of the LLC that appealed to me was its flexibility in management and structure. Unlike corporations, which have rigid hierarchies and formalities, LLCs allow for a more relaxed approach to governance. As the founder, I have the freedom to structure the company in a way that suits the needs and goals of my startup.
For instance, LLCs can choose to be managed by their members (owners) or appoint a manager to oversee operations. This flexibility enables me to maintain full control of the business or delegate management responsibilities to trusted individuals while retaining ownership.
Additionally, LLCs are not bound by strict meeting requirements or extensive record-keeping obligations, reducing administrative burdens and allowing me to focus on building and growing the business.
Pass-Through Taxation and Financial Efficiency
One of the most attractive features of an LLC, particularly for startups, is its pass-through taxation. Unlike corporations, which are subject to double taxation (taxation at both the corporate and individual levels), LLCs pass profits and losses directly to their members’ personal tax returns.
This tax efficiency not only simplifies the filing process but also allows for greater flexibility in managing cash flow and reinvesting profits back into the business. As an entrepreneur, minimizing tax liabilities and maximizing financial efficiency are critical components of long-term success, and the pass-through taxation feature of an LLC aligns perfectly with these objectives.
Enhanced Credibility and Professionalism
Establishing an LLC can also enhance the credibility and professionalism of a startup. Unlike sole proprietorships or general partnerships, which may be perceived as informal or less legitimate, an LLC provides a formal business structure that instills confidence in customers, investors, and partners.
By operating under the umbrella of an LLC, I can present my startup as a reputable and established entity, which can open doors to opportunities such as securing financing, attracting top talent, and forging strategic partnerships.
This enhanced credibility can be a significant advantage, particularly in competitive industries or when seeking to differentiate my startup in the market.
Protection of Intellectual Property and Brand Assets
For startups built around innovative ideas or unique intellectual property, protecting these assets is paramount. An LLC offers an additional layer of protection for intellectual property and brand assets, safeguarding them from infringement or unauthorized use.
By registering trademarks, copyrights, or patents under the name of the LLC, I can establish legal ownership and enforce my rights more effectively in the event of disputes or infringement claims. This protection not only preserves the value of my intellectual property but also enhances the overall stability and longevity of the startup.
Steps to Form an LLC
Let us now look at the general steps to form an LLC for your business:
Step 1: Choose a Name for Your LLC
Selecting a unique and distinguishable name is the first step in forming an LLC. Ensure that the name you choose complies with the rules set by your state’s LLC division. Typically, the name must end with “Limited Liability Company,” “LLC,” or an abbreviation of these terms.
Additionally, the name should not infringe on the trademarks of existing businesses.
Step 2: Designate a Registered Agent
A registered agent is an individual or entity appointed to receive legal documents, such as lawsuits or subpoenas, on behalf of the LLC. The registered agent must have a physical address within the state where the LLC is formed.
For instance, if you are forming an LLC in Texas, ensure that your registered agent has a physical address in Texas.
This role is crucial for ensuring that the LLC remains compliant with legal requirements and maintains good standing.
Step 3: File Articles of Organization
The Articles of Organization, also known as a Certificate of Formation or Certificate of Organization in some states, is a document that formally establishes the LLC. You’ll need to submit this document to the appropriate state agency, usually the Secretary of State or Division of Corporations.
The articles typically include basic information such as the LLC’s name, address, registered agent details, and the purpose of the business.
Step 4: Create an Operating Agreement
While not always a legal requirement, drafting an operating agreement is highly recommended for LLCs. This document outlines the ownership structure, management roles, voting rights, profit-sharing arrangements, and other important aspects of the LLC’s operations.
Even if you’re the sole owner of the LLC, having an operating agreement in place can help clarify expectations and prevent disputes in the future.
Step 5: Obtain an Employer Identification Number (EIN)
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify your LLC for tax purposes.
Even if your LLC doesn’t have employees, obtaining an EIN is necessary for opening a business bank account, filing taxes, and conducting other financial transactions.
Step 6: Obtain Necessary Permits and Licenses
Depending on the nature of your business and its location, you may need to obtain various permits, licenses, or certifications to operate legally. These requirements can vary widely from one industry and jurisdiction to another. Common examples include business licenses, zoning permits, health permits, and professional licenses.
In my entrepreneurial journey, the decision to establish my startups as LLCs has been instrumental in mitigating risks, optimizing financial performance, and positioning my ventures for long-term success.
By harnessing the advantages of the LLC structure, I’ve been able to navigate the complexities of entrepreneurship with confidence and resilience, laying the groundwork for a bright and prosperous future.
Entrepreneurs
Build a Strong IT Team with These Smart Hiring Tips
Without dedicated IT staff, your company may not be able to function as efficiently or effectively
The role of IT staff in your company is not only essential but also ever-evolving. As your business grows, so does the need for qualified IT staff and more robust recruiting solutions.
After all, from maintaining and troubleshooting the computer systems that keep your business running smoothly, IT staff also help employees stay connected and productive by providing technical support at all times. (more…)
Entrepreneurs
5 Important Legal Tips Every Entrepreneur Should Know
With a firm commitment to legal knowledge, you pave the way to grow your business sustainably
While creativity, drive, and strategic vision are paramount, integrating legal insight into your entrepreneurial toolkit can be a game-changer.
This comprehensive guide delves deeper into the five critical steps that can empower you to navigate the intricate legal landscape and propel your venture toward prosperity. (more…)
Entrepreneurs
6 Hacks to Boost Your Productivity as a Business Owner
To improve how much you get done each day, it’s smart to establish routines and use careful planning
Entrepreneurs are always looking for ways to get more done with the time and resources they have. Business owners can use clever productivity tricks to break these limits and make the most of their projects. (more…)
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