|By Marketwired .||
|April 18, 2014 06:00 AM EDT||
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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. 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.
- 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, 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.
847-676-8420 ext. 7248
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 09:30 AM EDT Reads: 1,613
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 27, 2016 09:30 AM EDT Reads: 1,005
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 27, 2016 09:30 AM EDT Reads: 2,053
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 27, 2016 09:17 AM EDT
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 27, 2016 09:15 AM EDT Reads: 1,346
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Jul. 27, 2016 09:15 AM EDT Reads: 1,109
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Jul. 27, 2016 09:00 AM EDT Reads: 597
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 27, 2016 09:00 AM EDT Reads: 428
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 27, 2016 08:45 AM EDT Reads: 906
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 27, 2016 08:45 AM EDT Reads: 1,049
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Jul. 27, 2016 08:00 AM EDT Reads: 587
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 08:00 AM EDT Reads: 2,082
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Jul. 27, 2016 08:00 AM EDT Reads: 478
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 07:45 AM EDT Reads: 1,571
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Jul. 27, 2016 06:30 AM EDT Reads: 1,820