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Writer's pictureWomen Story

Business Strategy and Execution– Advice – Part 11


  • Sakshi Bali - Passion, Challenges, and Support

  • RACHEL HUGH - Know Your Industry and Persevere

  • Jennifer Hassett - Building Strong Networks

  • Mary Molina - Understand Financial Literacy

  • Margarete du Toit - Know Market and Build Relationships

  • Julie Skolnick - Client Focus and Work Ethic

  • Krassimira Baytcheva - Understand Break-Even Point

  • Melissa Buch - Say No to Misaligned Projects

  • Laura Chavez - Passion, Adaptability, Continuous Learning

  • Roxana Radulescu - Plan Big, Act Step-by-Step

 

Passion, Challenges, and Support

If you want to bring a change, you have be someone of value (it's not money or job title). No one but you have the capability to decide your value & what you want to become. All you need is the mindset.

Sakshi Bali, Founder, Genefitletics

 

Know Your Industry and Persevere

Do your homework, know your industry better than anyone else, so reach out to those around you, ask for advice and take it on board. Always alwaysalways do the work - everyone else around you doesn't have your vision, your execution, your passion and your dedication, so keep persevering it will always work in your favour.

Rachel Hugh, Founder, THE VURGER CO


Building Strong Networks

For young women aspiring to be entrepreneurs or currently operating as business owners, several pieces of advice can help guide you on a path to success. Building strong networks within the entrepreneurial communities is crucial, providing valuable insights and support. Emphasizing continuous learning, staying informed about your industry trends, and engaging in professional development helps to stay ahead in a dynamic market. Encouraging an innovative mindset, embracing technology, and prioritizing work-life balance are key components for sustained success. Stressing a client-centric approach, focusing on excellent customer service, and building strong relationships contribute to a thriving business. Adaptability, resilience, and a commitment to ethical practices are vital qualities for overcoming challenges and building trust. Seeking mentorship from experienced entrepreneurs can further enhance your entrepreneurial journey. Ultimately, staying connected to passion and purpose ensures a fulfilling and successful venture in the theworl of entrepreneurship.

Jennifer Hassett, Founder, A Perfect Fit Nanny Placement Agency

 

Understand Financial Literacy

The best advice I can give to women entrepreneurs write a business plan, ask for help from small banks and know your finances. Financial literacy is the most important thing for women entrepreneurs and there are so many programs available to help you bring your idea to reality.  I’ve learned that women also never ask for enough money and make do with what we have and that can stall growth. If you have a good product/service don’t undervalue yourself or your product or service.

Mary Molina, Founder, Lola Snacks

 

Know Market and Build Relationships

Know your market, study your competitors, work out a solid strategy and revisit it often. Surround yourself with people that embrace your values and work ethics. Take care of your customers, strive to build long-time relationships with them and they will become your greatest advocates and source of referrals.

Margarete du Toit, Founder, PrimeLogic

 

Client Focus and Work Ethic

Aim high soaring, aim low boring. Envision in your head what you want to do. Who is your client. Focus on their pain points and ask questions to elicit their trust that you understand them. Work hard. Manage your expectations. Go for broke but know it might take a while, a process to get yourself out there. Write. Write. Write. That’s how my first clients found me - they related to what I wrote.

Julie Skolnick, Founder, With Understanding Comes Calm, LLC

 

Understand Break-Even Point

Know where is break even

Krassimira Baytcheva, Founder, Kenton Home center

 

Say No to Misaligned Projects

First one will be: say no. If you have a dream and clear vision but you're starting, I see many times entrepreneurs struggling to say no to projects that don't align with their dream. If you do that, you'll be busy with things that don't belong to your business and you will damage the image of your organization. Making sure you know what you don't want is more important than knowing what you want.

Melissa Buch, Founder, Brandbuch

 

Passion, Adaptability, Continuous Learning

For budding entrepreneurs venturing into business, Laura’s advice revolves around passion, adaptability, and a commitment to continuous learning. She advises to start a business aligned with your values and interests, fostering sustained motivation amid challenges. Embrace a hands-on approach, gaining insights into all facets of your venture, and prioritize resilience for navigating setbacks.Understanding customer needs is paramount, as it ensures your products or services align with market demands. Build a robust network of mentors and peers, fostering collaboration and learning from shared experiences. Instead of viewing competitors as adversaries, see them as allies in promoting positive change within your industry. Consider the environmental and social impact of your business, as consumers increasingly value sustainability and ethical practices.Effective communication skills are crucial for conveying your brand's story, values, and offerings. Maintain a balanced approach, setting ambitious yet realistic goals, and celebrate small victories along the way. Remember, the entrepreneurial journey is a continuous learning experience. Stay passionate, adaptable, and committed to making a positive impact with your business.

Laura Chavez, Founder, Lark & Berry

 

Plan Big, Act Step-by-Step

Get the big-picture of where you want to go, and then take it step by step to get there.

 


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