Tip For Women Small Business Owners.

Great Article Published in Forbes.

I recently read this interesting article, the author Jenna Goudreau, develops 5 tips for women business owners:

1. - Crunch the numbers. A couple years ago, Coyne commissioned a report that analyzed the strategies of successful women-owned business. She discovered that financial knowledge does matter. “Women with high-growth companies really ran the business by the numbers, understood cash flow, and had a handle on balance sheets,” she says. “They focused on using financial reporting to grow their business.” Do you need an MBA? No, just a mentor, business partner or good accountant, says Coyne.

2. - Form an advisory group. “The other distinguishing factor of successful female business owners was that they often had formal or informal advisory groups. We’ve encouraged our clients to tap into that expertise.” According to Coyne, working with other business owners is critical. Advisory groups can inform finances, but also offer strategies on marketing the business and managing vendors.

3. - Remember, this is business.

4. - Make use of contract workers.

5. - Embrace new technologies.

Read the full article at: http://www.forbes.com/sites/jennagoudreau/2011/05/20/top-five-tips-for-women-small-business-owners/

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.

Business continuation for women in Houston TX.

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