Here are some great tips for women entrepreneurs just sent over for me to share with you.
GLENVIEW, IL — April 17, 2014 – Spurred by innovative ideas, the need for flexible schedules to juggle family life, passion to make the world a better place, and other fuels firing the flame, the number of women taking the leap into entrepreneurship is growing. In fact, U.S. women-owned businesses reached nearly 30 percent of all businesses nationwide.
Today, women entrepreneurs find better access to resources, mentors, technology, and in some cases, capital. Even so, research suggests that the glass ceiling still exists. According to a recent SBA study, businesses with women on the management team are the fastest growing groups of entrepreneurial companies, however, few receive venture capital money.
“While resources are often scarce, time is a precious commodity entrepreneurs need to build businesses, understand customers and sell products and/or services,” said Lori Bolas, Director, Communications, SurePayroll Inc. “I talk to women entrepreneurs almost daily and what I hear repeatedly is that while women are great at multi-tasking they get sucked into all the operational tasks that eat away at the critical hours needed to develop strategy, build relationships and move the needle on growth. What we’ve learned from our small business customers is that there are key steps and resources that can make a tremendous difference in scaling your dream.”
How can women entrepreneurs become educated on taking a dream and launching it into a business?
Here are SurePayroll’s key steps to build your business:
- Seek mentors to develop strategy and a balanced approach to building small businesses.
- Develop a plan to keep track of all financial records and identify an accountant.
- Determine how to staff your business.
- Harness digital tools to run your business.
- Understand Alpha women that everything won’t be perfect.
- Develop a plan to scale your business.
- Continuously listen and learn from your customers.
- Manage entrepreneurial expectations.
The idea of running a business is often far different than the reality. With small operating budgets, start-ups often begin on a dime with one or a few people running the business – and that may include many unforeseen duties. Keep long-term goals in mind and remember that Rome wasn’t built in a day.
- Mentally prepare for unforeseen challenges.
- Go for it…and enjoy the journey.
SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter — Circle us on Google+ — Connect with us on LinkedIn — Like us on Facebook.
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.