Welcome!

News Feed Item

What You Don't Know Can Hurt You: SurePayroll Offers Quick Tips for Women Entrepreneurs to Work Smarter, Not Harder

GLENVIEW, IL--(Marketwired - April 18, 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:

  1. Seek mentors to develop strategy and a balanced approach to building small businesses. While new ideas drive entrepreneurs to launch businesses, there are many people who have already learned from experience. Find experts across different business functions and seek support. Network with friends and family. Find organizations to help. Resources are available at the U.S. Small Business Administration, Micromentor.org or SCORE. Women-specific entrepreneur organizations, like Ladies Who Launch (http://www.ladieswholaunch.com/) or Women 2.0 (http://women2.com/), connect women entrepreneurs and hold events, provide training opportunities and access to potential mentors. Remember that it's important to seek both male and female mentors to navigate the business environment.
  1. Develop a plan to keep track of all financial records and identify an accountant. Financial records are critical -- for annual or quarterly taxes, payroll, potential investors and, in the event of an audit, proper documentation is key. Find a reputable accountant to help manage the business. Automate back office, redundant tasks like payroll. There are affordable, easy online payroll options that will give you peace of mind and save you hours each month.
  1. Determine how to staff your business. Strategy development includes plans to staff the business. Develop a staffing plan and begin to research and interview potential candidates. Develop an interview process with open-ended questions for candidates to think through solutions to real problems businesses face. Use referrals, conduct due diligence and find true partners to delegate projects.
  1. Harness digital tools to run your business. Do you need an office or can staff work remotely? Do you need full-time and part-time staff? Online tools, allow entrepreneurs to leverage efficiency and keep down costs. Use social networking tools to market the business like LinkedIn, Facebook, Twitter, Pinterest and more. Identify tools and leverage messages across multiple platforms to save precious time with efficiency.
  1. Understand Alpha women that everything won't be perfect. And that's ok. Constantly seeking perfection can slow down business development and someone else may hit the market first. In truth, nothing is perfect and continuous improvement should be part of business processes.
  1. Develop a plan to scale your business. Budding entrepreneurs often think of the big buy out from a large business, but that is not the norm. Often businesses grow, then plateau. To scale a business, selling solutions to customers are only pieces of a larger puzzle. Delivering the solutions -- and meeting growing demand takes strategic planning. Think about growth strategies like influxes of capital, processes, measurements as well as resources to help plan how to invest money - when, where, with whom -- to help reach long-term growth. And constantly seek ways to influx capital into the business to prepare for growth.
  1. Continuously listen and learn from your customers. Put mechanisms in place to gain feedback from customers. Talk to customers all the time. Don't lose touch with customers while running the business. Otherwise, someone else will listen to the customer's changing needs and provide a new solution. Evolve or perish.
  1. 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.
  1. Mentally prepare for unforeseen challenges. Similar to life, few things go according to plan. Sometimes it's frustrating. Sometimes it's enlightening. Being an entrepreneur is exciting, exhausting, difficult and rewarding -- sometime even in the same day. In the end, be prepared for constant change and learn to roll with the punches.
  1. Go for it…and enjoy the journey.

About SurePayroll

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.

About Paychex

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, insurance, 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...