5 Guiding Principles From Successful Women Entrepreneurs

Inspiration and lessons on becoming successful women business owners

I had the privilege of attending the American Express OPEN for Women: CEO BootCamp, an all-day event where women business leaders including Tory Burch, Angie Hicks, Robin Chase, Jean Chatzky and Melinda Emerson provided insight, advice, inspiration and lessons on becoming successful women business owners.

There were several common themes shared by these successful women leaders that serve as guiding principles for aspiring female entrepreneurs:

1. Confidence, confidence, confidence.

Every speaker reiterated the importance of confidence in your idea, your vision and how you convey yourself to the business community.

2. Persistence is critical to success.

Almost every one of these successful leaders shared a time when they were told "no," but continued to follow their vision anyway.

3. You don't have to have an original idea to be successful.

Several successful female entrepreneurs including Angie Hicks and Robin Chase reiterated this surprising anthem. Many potential entrepreneurs are deterred from pursuing a business because they don't believe their idea is original or differentiated enough.

4. Know your exit strategy before you start your business

Financial experts Jean Chatzky and Valerie Coleman discussed the importance of knowing the plan for exiting your business in the early stages of building. Having an exit plan will help you to build both your short-term and long-term business strategy as well as guide financial decisions.

5. Focus on making the right connections

Every leader asserted that building relationships is one of the secrets to success. Tory Burch summed up her advice as "it is not a personal journey, it is about a team." Many also reinforced that building relationships with other women and business leaders is critical. Angie Hicks stated "don't view each other as competitors, view each other as partners."

Read the full article at:http://www.huffingtonpost.com/anjali-varma/5-guiding-principles-from-successful-women-_b_4137636.html

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

Houston business coaching.

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