Skip to main content

How to Survive Recession?

 Competent countries like the United States, Spain, Greece and Great Britain continue to grapple with the economic slump while speculations about another economic recession are rife. Interest rates are at an all-time low and investors are in a fix regarding where to invest.


During these volatile economic times, we seek solace in different recession-management techniques. As an entrepreneur you may be wondering — will the European debt crisis threaten to derail the world and my small business? If so, it’s time to learn recession-management tips from those equipped to handle it best — women.


Surprised … possibly confused?


Here are some interesting, startling and helpful facts.


“Everyone knows that men and women are rarely thumbing through the same book, let alone settling on the same page,” according to Bill Morrow, Founder of the investment network Angels Den. “Speaking as a Y chromosome-toting entrepreneur, it is not easy for me to admit this, but facts are facts, and it is the more frugal and pragmatic attitude that women bring to their business planning that will see them succeed where many of their male counterparts may fail in the impending recession.”


Recent research conducted by Delta Economics has shown that female entrepreneurs fared better than their male counterparts during difficult recessionary times that we have faced in the past. Some researchers also pointed out that these women entrepreneurs were the key to leading us out of the previous economic recession. These revelations have come as a pleasant and encouraging surprise.

Comments

Post a Comment

Popular posts from this blog

Global Rise of Women Entrepreneurs

  Women’s entrepreneurship has hit a media tipping point. The question is: Is it just a passing media fad that will soon be a blip on the radar screen, or is it actually a real, fundamental economic force that’s reshaping the world? I think it’s safe to say that it’s the latter. Women-owned entities in the formal sector represent   approximately 37% of enterprises globally   — a market worthy of attention by businesses and policy makers alike. While aggregated data is often challenging to find, the recent Global Entrepreneurship Monitor (GEM) found 126 million women starting or running businesses, and 98 million operating established (over three and a half years) businesses. That’s 224 million women impacting the global economy — and this survey counts only 67 of the 188 countries recognized by the World Bank. These entrepreneurs cross the spectrum of micro to high growth — from supporting life to creating wealth. They include hair salon owners, high tech vision...
Post a Comment
Read more

3 Challenges A Woman Entrepreneur Has to Take

 1. Defying social expectations Most female business owners who have attended networking events can relate to this scenario: You walk into a crowded seminar and can count the number of women there on one hand. When women entrepreneurs talk business with primarily male executives, it can be unnerving.   In this sort of situation, women may feel as though they need to adopt a stereotypically "male" attitude toward business: competitive, aggressive and sometimes harsh. But successful female CEOs believe that remaining true to yourself and finding your own voice are the keys to rising above preconceived expectations.  "Be yourself, and have confidence in who you are," said Hilary Genga, founder and CEO of Trunkettes. "You made it to where you are through hard work and perseverance, but most importantly, you're there. Don't conform yourself to a man's idea of what a leader should look like."  2. Accessing funding Not all startup founders look for in...
Post a Comment
Read more

How to Become a Successful Entrepreneur

 According to a new National Federation of Independent Business (NFIB) study published in a recent Forbes article, over half of all new small business jobs created in the next five years will come from businesses started by women. So why are women so successful as entrepreneurs? Caring About What’s Important Women are typically better at networking than men because women tend to focus on the other person. This natural nurturer skill is something that seems almost genetic. Women are not typically afraid of their emotions, so helping an employee or customer through an emotional life event is comfortable for women. This ability to connect emotionally also means that the bonds that women create will almost be certainly stronger. Women are also less focused on their personal success. They are willing to share credit and innately work better as team members than their ego-driven male counterparts. A 2009 Time magazine study reported by Mashable found that women are less worried about tit...
Post a Comment
Read more