Virtual Women’s Business Summit
Imagine being able to hear fabulous keynote speakers such as Arianna Huffington, attend workshops and even network without leaving your desk!
Women’s Leadership Exchange is staging a VIRTUAL business summit for women on May 26th!
I have been offered a discount code for the conference for all my friends and contacts. If you are interested in attending this incredible event, you can register here for just $69 (instead of the regular price of $119)
http://www.womensleadershipexchange.com/index.php?pagename=virtual
and put VIPTICKETS in the source code.
I’ll be there and hope you can join me!
Do You Have What It Takes To Be An Entrepreneur?
The Harvard Business Review posted a test this week, “Should You Be an Entrepreneur?”
The test of 20 questions was created by the author of the article, Daniel Isenberg, who is a professor of management practice at Babson College.
I thought it would be fun to pose these questions to those of you who are entrepreneurs, like myself, or to those of you who are considering taking the leap to starting your own business.
Here they are:
- I don’t like being told what to do by people who are less capable than I am.
- I like challenging myself.
- I like to win.
- I like being my own boss.
- I always look for new and better ways to do things.
- I like to question conventional wisdom.
- I like to get people together in order to get things done.
- People get excited by my ideas.
- I am rarely satisfied or complacent.
- I can’t sit still.
- I can usually work my way out of a difficult situation.
- I would rather fail at my own thing than succeed at someone else’s.
- Whenever there is a problem, I am ready to jump right in.
- I think old dogs can learn — even invent — new tricks.
- Members of my family run their own businesses.
- I have friends who run their own businesses.
- I worked after school and during vacations when I was growing up.
- I get an adrenaline rush from selling things.
- I am exhilarated by achieving results.
- I could have written a better test than Isenberg (and here is what I would change ….)
According to Isenberg, if you answered “yes” to 17 or more of these questions, you have what it takes to be an entrepreneur. I can tell you this. I passed this test with flying colors!
I’m interested in getting your feedback on the questions. Do you think they are a good test of entrepreneurship?
How did you do on the test and what does that say about you?
I couldn’t help but notice #18, “I get an adrenaline rush from selling things”. This is definitely true for me, but what I believe is important for an entrepreneur is not necessarily getting a rush from selling things, but having the confidence and passion to sell YOURSELF . When you own your own business, you are not selling someone else’s products or services. You are selling YOU.
Your thoughts?
Ernst and Young Entrepreneurial Winning Women Program
Are you a woman entrepreneur with big plans, and the vision and passion for growing your company? Do you know a dynamic woman entrepreneur who is on track to create a multi-million or billion-dollar enterprise?
If so, I encourage you to apply, or to nominate, an outstanding entrepreneur for the Ernst & Young Entrepreneurial Winning Women program. Now in its third year, Entrepreneurial Winning Women is a competitive award designed to connect high-potential women entrepreneurs with the advisors, resources and insights they need to become market leaders.
Winners will:
- · Join an elite network of the country’s best high-growth companies and entrepreneurs
- · Participate in a customized program designed to accelerate and sustain business growth
- · On a complimentary basis, attend the Ernst & Young Strategic Growth Forum 2010, the country’s most prestigious gathering of high-growth companies, November 10-14 in Palm Springs, CA (http://www.ey.com/us/strategicgrowthforum)
Eligibility: Applicants are women who own or have founded their companies within the last ten years and have achieved at least $1M in revenue in the past two. For more information on eligibility and how to apply, or to learn how to nominate a deserving woman entrepreneur you know, visit http://www.ey.com/us/entrepreneurialwinningwomen. The application period closes on June 30, 2010.
Wisdom from Seth Godin
Seth Godin has a new book out called Linchpin in which he talks about our “lizard brain”, that part of our brain that holds all our fears and limiting beliefs. The Lizard brain keeps us from doing our most creative work and often signals us to stay in our comfort zone and not take risks.
This audio is a 45 minute presentation that Seth did in New York last week. He talks about how these fears sabotage us.
I really love the story he tells about an employee he had in his company years ago who never failed at anything he did. He was his best employee, but Seth spoke with him and said if you don’t fail at something soon, you’re fired! Why? Because we all need to stretch and take risks to truly be creative and successful and distinguish ourselves from others.
Listen to the wisdom and let me know what you think. How do you tame your lizard brain?
Help Others to Help You
I was in Rhode Island last Friday giving a workshop on Promoting Your Brand to Rhode Island Networking to Open Doors to Jobs. I arrived early and was, therefore, able to sit in on the facilitated networking exercise at one table. All of the people at the table were highly qualified and competent individuals who held director or executive level positions before being laid off.
The facilitator at the table asked each person to give a little information about their background, their strengths and expertise, and what kind of position they were seeking. I was impressed how well each person articulated their strengths and what types of companies and jobs they were targeting for employment. Everyone around the table responded enthusiastically with potential contacts and leads for their colleagues.
We worked our way around the table to one woman who told the group that she was an architect and was now in limbo and trying to decide what she wanted to do going forward. She told the group that at this time she was looking for any type of job. Interestingly enough, the group who had previously been so helpful to others, now remained quiet. They simply did not know how to respond.
The lesson from this is: People really want to help. In fact, most people are eager to assist you in getting a new job or getting clients, but YOU need to give them enough information so that they CAN help. When we are vague and unclear about what we want ourselves, we cannot expect others to come up with the answers for us.
If you are a business owner or entrepreneur, the more specific you can be about who is your target audience, the easier it is for people to refer business.
If you are looking for new employment, be clear about what type of company you want to work for and what kind of position you are seeking.
People sincerely want to help. Give them the opportunity to be helpful.
Madam President
It’s President’s Week this week. Besides school vacation, it is also a time to honor Abraham Lincoln and George Washington; two past presidents who were a major part of our history in the United States.
The holiday this week prompted me to think as well about honoring all the women presidents who have started and are now running their own companies in the United States. These women are playing a major role in our current economy and our future history. We should take the time to honor and recognize all female presidents in business and the incredible impact they have on the economy in the United States.
Here are the facts:
- 40% of all privately held U.S. firms are now owned or controlled by women. (10.4 million firms).
- Women’s companies are responsible for creating jobs at twice the rate of all firms.
- Women’s companies are now responsible for more payroll than all the Fortune 500 companies combined.
- Women’s companies are growing profits at a faster rate than all firms.
- 420 new women-owned businesses are started every day!
Margaret Heffernen states in her book, How She Does It. Women Entrepreneurs are Changing the Rules of Business Success, “That these companies are doing so well says a great deal about female strengths and talents….These phenomenal numbers show just how effective women can be when they work on their own terms.”
To Madam Presidents everywhere, we honor you for your hard work and dedication, your commitment to your purpose and vision, and your contribution to the growth of our economy. YOU are our future.
Tune into Women Mean Business Radio on March 23rd, when I interview Margaret Heffernen.
http://www.voiceamerica.com/voiceamerica/vshow.aspx?sid=1612
What Is Your Attention Grabber?
I was in Orlando this past week with some colleagues training a medical device sales force on “purposeful communication”. “Purposeful Communication” is communication that has a goal or desired outcome and when applied to sales presentations, the objective is to create a sales presentation that is well organized around a desired outcome with your target audience.
Selling to a large or small group of potential decision makers has many similarities to promoting yourself and your business to prospective clients. One similarity is in the way you open a presentation. The opening of a sales presentation or “attention grabber” is much like the way you start your elevator pitch or promotional message.
Attention grabbers are just that. They are designed to get the attention of the audience from the start so that they will engage and listen to your message.
How effective is your attention grabber?
Here are some different suggestions on how to open your pitch to grab attention from the listeners.
- Open your pitch with a statement or question that creates some kind of an emotional bond. A good way to create an emotional bond might be to say, “Imagine yourself….. or how would it feel if….”. You can move your listener to a state of mind or emotion where they will connect with their need for your product or services.
- Ask a poignant question that demonstrates that you get their problem or challenges. “Have you ever experienced….? What do you do when….? etc.
- Share a story about yourself and your journey that connects with your business in some way. Maybe you experienced similar issues, overcame those issues and now are passionate about helping other people.
- Make a statement that has an unexpected ending or is surprising in some way.
- Use a quote or song title or lyric that people can easily identify with and fits well into your message.
Starting your promotional pitch with your name and company name is NOT a great attention grabber. You need to give people a reason to remember you before you give them this information.
Draw them in first with something that gets their attention and then talk about your business and the benefit your product or service will provide to them. NOW, they will remember your name and company!
Create a Great Elevator Pitch
Have you ever been to a networking event where everyone needs to stand up and introduce themselves? I don’t know about you, but after about 3-4 people stand up and recite their elevator pitches, I can’t remember who does what. Very few of them capture my attention. Even less of them are memorable. They all sound alike because everyone is using the same approach, the same boring approach.
How then can you distinguish yourself? How can you stand out in the crowd?
We all want to sound professional, but in our quest to be professional, our pitches often fall flat. The goal of a good pitch is to attract clients and be memorable. So how do you create a great message; one that is effective and “sticky”?
I find that most of the pitches I hear do not have the “sticky” factor. And many of the pitches are very difficult to deliver. They are too technical or too wordy and, therefore, lose the audience. Some of the pitches are too vague. Sometimes we use jargon that no one understands in an effort to sound professional. The end result is that people may think we’re smart, but they have no idea what are business is.
Here are some tips on how to create a great elevator pitch:
- Your message should be authentic. Don’t use a lot of jargon or professional language that is off putting. You won’t connect with people this way.
- Your message should be personal. Tell your story. People love stories and they remember them.
- Put energy and passion into your message. Let people know that you love what you do. Don’t you want to work with people who love what they do?
- Make an emotional connection with you message. Identify the need and pain of your target audience so that people can easily identify with what you provide and they will remember you.
- Make your message easy to deliver, conversational. Don’t write a speech that you need to memorize and recite. It doesn’t sound authentic. It’s boring.
- Stimulate curiosity. Give a teaser or enough information so that they want to learn more about you.
- It might be appropriate to make it light and fun. Try using cliches, song titles or quotes to begin your pitch and get people’s attention.
Promotional messages take time to create. Start big, not small. Brainstorm and write down all your ideas about how to present yourself and THEN review your notes and pull out sound bytes to craft a great message.
For more tips on how to create a great elevator pitch, listen to my Women Mean Business show, Tune Up Your Pitch. On the show, I coach 3 women entrepreneurs through a process to tune up their pitch!
www.voiceamerica.com/voiceamerica/vepisode.aspx?aid=43836
What’s Your Story?
We all have unique stories to tell about our careers and our businesses. I did a presentation last week on self-promotion in Boston to the Downtown Women’s Club and heard many great stories from the attendees and I was reminded again how truly wonderful all our stories are. Each story reveals something personal about us.
What is the story behind starting our business? Where did the idea come from? Why did we choose to start this particular business?
What’s been our personal journey thus far? How have we taken our passion and turned it into a business?
What attracted us to a particular company and career?
When we incorporate stories into our promotional message, it creates a message that attracts listeners. People love stories so why don’t we tell them? Why do we hesitate tobe personal in our approach to self-promotion? Often we get so hung up on presenting a “professional” persona that we end up with a promotional pitch that falls flat.
If, in fact, the goal of a promotional pitch is to attract interest and be memorable, it only makes sense that we should infuse more of our personality and passion into the message.
What is your unique story and how might you include some of that story in your conversations about your business and career?
Telling your story can make a huge difference in a job interview. It’s certainly an improvement over just reciting your resume. Think of an appropriate story about your accomplishments that will set you apart from the other applicants.
At a networking event, how do you answer the question, “What do you do”? Keep the conversation lively by revealing something personal (o.k. maybe not too personal) about how and why you chose to start your business, about your passion for what you do. People will remember you as they also tune out everyone else’s boring elevator pitches.
In our quest to be professional, we create messages that are dull and forgettable.
Step out of the box and say something that will set you apart.
Isn’t that the goal after all? To have a message that people remember?
I’m offering a teleclass in November on “Promote Yourself to Success”. This class will be 3 consecutive Wednesday evenings 7-8 pm EDT starting November 4th. Three one hour sessions $99. Class limited to six.
Participants will:
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create a new promotional message
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develop an action plan for self-promotion
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practice delivering their message
http://womenssuccesscoaching.com/november-teleclass-workshop-registration/
Cindy Loughran, New Leaf Touchstone
Cindy is a certified business coach and change agent. Because change can be so challenging, Cindy created beautiful bracelets to reinforce her message of changing behaviour with her clients. Now she has a whole new business! Listen to this great story of how she developed her new business and check out these lovely bracelets on her website.
Her website: http://newleaftouchstone.com
[podcast]http://womenssuccesscoaching.com/wp-content/uploads/2009/05/5-19-09.mp3[/podcast]
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