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Women In Business

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The Information Age Moving To The Relationship Age. What is it? ... Avoid positions that may pigeon hole your work experiences ... – PowerPoint PPT presentation

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Title: Women In Business


1
Women In Business
  • Deb Bass
  • Sixty Saturdays
  • College of St. Marys
  • April 16, 2005
  • www.bass-inc.com

2
Women In Business
  • The time has come.
  • Entering executive ranks
  • Starting businesses at twice the rate as others
  • Staying in business longer

3
The Information Age Moving To The Relationship Age
  • What is it?
  • What does it mean for the working American?
  • How can you prepare yourself?
  • How can you position your career?

4
Current American Workforce Climate
  • Vanishing company employee with increasing
    focus on employability
  • Increasing popularity of contracts with option
    to hire
  • Rapid technology changes
  • MA, bankruptcies and downsizings
  • While you the worker are in demand, your job is
    more insecure than ever.

5
Understanding the Free Agent Rules
  • Its as much a matter of mindset as mobility
  • Form alliances
  • Make your boss look good
  • Fine tune your soft skills
  • Vest fast dont get far from the revenue stream
  • Keep competing
  • U.S. News World Report Career Guide, 2001

6
To Far From The Revenue Stream?
7
Future Survival Skills For The Relationship Age
  • Ability to make decisions with insufficient
    information - info doubles q 100 days
  • Ability to manage contradictory, equally valid
    solutions to problems
  • Flexibility and the ability to thrive in change
    environments

8
Future Survival Skills For The Relationship Age
  • Listening skills connected to the ability to take
    action, neither is enough alone
  • A view of the customer as the only point of
    action - personal touch paramount
  • Risk takers who thrive in an OK to fail
    environment

9
Future Survival Skills For The Relationship Age
  • Those who function well in diverse environments
  • Understanding that education is lifelong and
    personal career development plans
  • Can play well with others in the sandbox

10
The Small But Mighty Bass Brownie
  • Simple concept
  • Consistently delivered
  • Appealed to the human element
  • Symbolized the Bass philosophies
  • Thanked the client for their business

11
American Workers Are Resilient
12
Grasp the Life Long Education Concept
  • Write, then implement a career development plan
  • Expand your horizons in the workplace
  • Avoid positions that may pigeon hole your work
    experiences
  • Share certifications and degree completions
  • Keep your resume current and write several
    versions

13
Intrapreneur vs. Entrepreneur
  • Way of thinking and approaching a full time
    position
  • American worker adopting free agent rules
  • In recent years a paradigm has been created
    while you the worker are in demand, your job is
    more insecure than ever.

14
Construct And Practice Your Vision
  • Review the classified ads
  • Work a plan
  • Take your boss to lunch
  • Send personal note cards
  • Practice saying I want your job.
  • Women In Business And Industry, Summer 2002

15
Focus on Your Employability
  • Accept responsibility for ones own career
    development
  • Awareness of the job market employer or
    employee driven?
  • Membership in professional groups and
    associations build a card file
  • Involvement in networking opportunities
  • Fine tune job search skills

16
Shocking Realization Women Shop
  • Women make or influence 85 of all consumer
    decisions in the US
  • Women in executive management 5.1
  • Is your competitive edge sitting right next to
    you?
  • What do you have them doing?
  • International Labor Organization, 1999

17
Entering Executive Ranks
  • Research companies with Executive training
    programs
  • Salary parity
  • Network with other women executives
  • Identify a coach or mentor

18
The Ground Rules
  • You are who you say you are
  • One prize doesnt fit all
  • Work isnt a sorority
  • Youre always a mother, daughter, wife or
    mistress
  • Gail Evans, Play Like A Man, Win Like A Woman

19
Six Things Men Can Do But Women Cant
  • They can cry you cant
  • They can fidget you cant
  • They can yell you cant
  • They can have bad manners you cant
  • They can be ugly, you cant
  • They can have sex you cant
  • Gail Evans, Play Like A Man, Win Like A Woman

20
Pretend Its A Game
  • Be identified as a leader and a thinker
  • Accept responsibility
  • Visionary with a little v
  • Listen and then do your homework
  • Act independently, make decisions

21
We Can Play The Game
22
Do We Have What It Takes?
  • Do what you say you will do
  • Always consider first, what did I do that
    contributed to this situation?
  • Stay positive, no whining allowed
  • Seek to understand the big picture ask why?
  • Dont expect others to do your work
  • Situate yourself to be a risk taker
  • Dont think it will ever come easy

23
Personal Financial Security
  • Three to six months living expenses liquidity
  • Up front educational expenses
  • Thorough understanding of current benefit package
    and the impact of transitioning

24
Women as Capitalists?!?!
  • Number of WOBs increased over 89 in the last
    decade
  • Account for 6.2 million US businesses
  • Employ 9.2 million people
  • Contributing 1.15 trillion in sales to the US
    economy
  • Constitute a rising share of college post
    graduate degrees
  • Census Bureau

25
Todays Entrepreneur
  • Men represent 62.6, Women are 37.4
  • White - 89.6 Hispanic 5.9 Black 6 and
    others 4.4
  • 40.4 received less than 5,000 for their efforts
  • 11.1 received more than 50,000
  • Self employment figures on the rise
  • sba.gov

26
Leadership In Building A Business
  • Know your strengths, reinforce your weaknesses
  • Be persistent and committed to your customers
  • Look to make yourself different from the others
  • Deliver on your promises

27
Increase in WOBs???
  • Mostly for positive reasons
  • Frustration with work environments
  • Desire for greater challenges
  • Increased flexibility
  • womanowned.com

28
New Generation of WOBs
  • More managerial experience
  • More education
  • Comparable revenues to male owned
  • More growth oriented
  • Financially strong and credit worthy

29
WOB Management Style
  • Less hierarchical
  • More time with decision making
  • Seek additional information
  • Ask for consultation from others

30
Workforce of WOB
  • Shows more gender equity
  • 52 women, 48 men
  • Compared to 38 women and 62 men for male owned

31
WOB Industry Diversity
  • Services and retail largest share
  • Construction, manufacturing and transportation
    largest recent increases
  • Omahas Top 25 Listings

32
Other Facts About WOBs
  • More likely to offer flex time, tuition
    reimbursement, profit sharing
  • Active and generous philanthropists
  • Active volunteers
  • Serve in leadership positions for non-profits

33
WOB Key Business Concerns
  • Business management issues
  • Maintaining profits
  • Finding good employees
  • Managing cash flow
  • External unknowns economy, technology,
    governmental laws, rising benefit costs

34
WOB Needs For Business Development
  • Access to capital
  • Access to education/training
  • Access to networks and markets
  • Taken seriously

35
WOBs Technology
  • Equally likely to use the internet for business
    61 to 55
  • Fifty per cent have web sites
  • More likely to use e-commerce to buy than to sell
  • More likely to use the internet for personal
    purchases

36
Real Life Entrepreneurs
  • Either opportunists or visionaries
  • Openness to innovation
  • Dogged persistence
  • Always moving, observing, evaluating
  • Excellent at building relationships and
    insatiable networkers
  • Masters at building alliances partnerships
  • U. S. News World Report Career Guide, 2002

37
Future of the American Entrepreneur???
  • Rising benefit costs
  • Rising taxes
  • Impact of the global economy
  • Increased litigation
  • Decreasing returns
  • Impact on the US economy

38
The Shouldve Vs. The Shouldnt Have Club
  • The Shouldve Club is boring. The members
    never get cut or scratched. They never miss a
    shot in the last second. There are not
    reprimands, and they make no waves. They are
    risk adverse.
  • The Shouldnt Have Club is the place to be.
    This is the winners circle. Each time you
    admonish yourself with Gee, I shouldnt have
    done that there will be ten other times when the
    results will prove you should have.
  • How To Become CEO, Jeffrey J. Fox

39
Do Your Homework
  • They do the homework. They find out the facts.
  • They figure out how to get something done.
  • They work on the nitty-gritty details of
    execution.
  • They cover all bases and consider all options.
    But most of all, they think.

40
The Glass Ceiling
  • Men arent the enemy
  • Sometimes the first step is convincing yourself
  • Endless Opportunities for you to explore and
    enjoy!!

41
Bass Associates, Inc. Vision Mission
  • To be our clients first and preferred choice by
    providing optimal business solutions through the
    building of meaningful, long term relationships
    and partnerships.
  • To make our clients successful by providing
    optimal business solutions using flexible and
    responsive resource management while creating new
    and challenging career opportunities for our
    employees.

42
Questions and Discussion
  • Bass Associates, Inc., a HunTel Company
  • 2027 Dodge St. Suite 500
  • Omaha, NE 68102
  • Voice 402-346-1505
  • Fax 402-346-6454
  • E-Mailinfo_at_bass-inc.com
  • HTTP www.bass-inc.com

43
The 2002 Just The Facts Maam
  • Womens salaries decreased 3
  • Women earned 14 less than their male
    counterparts
  • Gender gap greatest in the Midwest 21
  • Dice 2002 Salary Survey Results
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