March is Women’s History Month and one way we’re going to commemorate it is by quoting some women entrepreneurs. Here are 8 lessons about business from 8 women entrepreneurs.
1. Take Care of Your Employees
“Success depends on employees. For me knowing and connecting with my employees is very important. I have done that very well.”-Divine Ndhlukula
Taking care of your team is important because they can help to make or break your business. If you need help motivating your team, check out our blog post How to Make People Love Working For You.
2. Don’t Stay Down
“Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.”- Wilma Rudolph
If your business isn’t doing so great right now you don't need to give up. Maybe you need to shift focus or pivot but don’t stay defeated. Maybe you’d be interested in our MBE Certification Bundle: Stand Out, Access Contracts and Scale. We’ll teach you how to get government contracts, corporate contracts, or even grants.
3. It’s Time to Take Control Of Your Life and Business
“I had to make my own living and my own opportunity. But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them.” — Madam C.J. Walker
You’ll have to find opportunities, they won’t fall in your hands. We offer tons of opportunities to grow your business. We can help you amplify your brand.
4. Start a Business You’re Passionate About
“Aspiring entrepreneurs have to actually do something that they feel strongly passionate about, and in most cases, they should seek inspiration from their own experience… If you had a terrible experience, you should despise the experience to the extent that you are continuously seeking a solution for it.” — Best Ayiorwoth
If you’re looking to start a business or another one, check out our The Startup CEO Tool Kit.
5. Advertise Your Business By Word of Mouth.
“Let everyone know what you're doing. And I mean everyone – your friends, your family members, even your acquaintances – should know which industry you are in and exactly what you are doing. People around us are usually our first customers, and it is an easy way to kick-start your business. This ensures that when it comes to the product or service you are selling, you will be the first person on everyone's minds." – Madeline Ong
Yes, social media is a great place to advertise your business but you should still do it by word of mouth.
6. Set Better Goals
“Not having a clear picture of what you want to accomplish as an entrepreneur could result in many challenges as you grow and scale your business. Having concrete goals will allow you to create more defined objectives that will, in turn, make it easier to execute your goals and make your entrepreneurial journey a little clearer." – Ericka Perry
Crafting your goals properly can make a difference. If you need help setting better goals, check out our blog post The Foolproof Way to Set Goals For Your Business.
7. Don’t Underestimate the Power of Mentorship
“Although there are educational entrepreneurial programs, nothing can really prepare you for the real-life hurdles of owning a business. Find a solid mentor or mentor(s) to coach you, introduce you to people and bounce ideas off of. I actually didn't have a mentor when I started out, and I wish I did. I have a few now that always give me great insights that I wouldn't have thought about myself." – Kimberly Eberl
Having a mentor is definitely underrated and we wish more people would seek one out. They can be really helpful. If you’re interested in being a mentor or being mentored check out our blog post What I Wish Someone Taught Me About Business-The Importance of Mentorship.
8. Don’t Forget About the Business Plan
“I actually had a solid business model where I understood what my operating costs would be and what my revenue would be. A business plan is always a good idea.”-Emily Schildt
If you’re struggling to come up with a business plan, here is our one-page solution: The Roadmap to Business Success Business Plan.
Don’t forget that there were women who came before you that have done what you wanted to do. While you’ll both have a different journey, you can get great tips and tricks from them. You can also share advice about your journey on your social media, people would love to hear from you.