The Reinvention of YOU – Increasing Your Self-Esteem

You might have discovered lately that you aren’t feeling as positive as you could about yourself. Maybe you’re disappointed in how you look or some of the emotions you feel. Your attitude might slip a bit at times and you find yourself making self-deprecating statements to others.

How can you get out of this rut and reinvigorate how you feel about yourself?

These strategies will help you get back on track and increase your self-esteem:

  1. It’s time to take a good, long look at yourself. Although it might be scary or even a bit disappointing, the sooner you do it, the quicker you’ll be able to get yourself back on track.
  2. How’s your physical appearance? Consider any changes you’d like to make to how you look. It’s common to go through life phases when you don’t take the care with yourself that you usually do. For many, a new haircut and some extra attention to personal grooming goes miles toward increasing self-esteem.
  3. Look at yourself with a kind eye and make some decisions on what you can realistically and financially do to improve your appearance. As you probably already know, your appearance is paramount to how you feel about yourself. Improving your appearance most likely means you’ll improve your self-esteem.
  4. Recognize your strong points. Although your mind hasn’t been in a place to really notice what you’re good at, take some time now to do just that. Maybe you’re a great cook, wonderful with kids, and the hardest worker at the office. Every single person has strong points and it’s important for you to know what yours are.
  5. Remind yourself what you truly love about you. Maybe it’s the way your green eyes shine or your red hair makes your facial features stand out. Perhaps you’re consistent about doing exercise or you’re brilliant at keeping the conversation going. You’re even in awe of the patience you have with others or your willingness to step up and volunteer to help out others.
  6. When it comes to you, what are you the most proud of? What do you consider your greatest achievements? We all have something to be proud of. Figure out the things about you that you take pride in to raise your self-esteem a few notches.
  • Maybe you keep an organized house or wash your dad’s car every week without fail.
  • Perhaps you write a good story or can keep your cool when your kids are acting out.
  • Did you work your way through college without any help or support from others?
  • Accept compliments openly. Make eye contact, smile, and say, “thank you” whenever people pay you a compliment. After all, people aren’t going to go to the time and trouble to pay you a compliment unless they believe you deserve it. Relish in the good things about you that others notice. Embrace those positive comments. Doesn’t it feel great?

You can reinvent yourself by taking steps to increase your self-esteem. Look within yourself to evaluate what you need to feel better about yourself. Make changes in your physical appearance, open your eyes to your strong points, and be aware of what you love about yourself. Acknowledge what you’re most proud of and embrace compliments.

As you do these things, your self-esteem will soar. The reinvention of you will be successful and complete!


If you enjoyed this post, I invite you to take a moment and sign up to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Affirmations are simply statements that are designed to create self-change in the individual using them. They can serve as inspiration, as well as simple reminders. They also can serve to focus you attention onto your goals throughout the day, which, in and of itself, has the potential to promote positive and sustained self-change.

People use affirmations for a variety of purposes. Generally speaking, affirmations are used to reprogram the subconscious mind, to encourage us to believe certain things about ourselves or about the world and our place within it. They are also used to help us create the reality we want—often in terms of making (or attracting) wealth, love, beauty, and happiness.

According to Walter E. Jacobson, M.D., there is value in affirmations of this nature, because our subconscious mind plays a major role in the actualization of our lives and the manifestation of our desires. What we believe about ourselves at a subconscious level, he says, can have a significant impact on the outcome of events.

At the simplest level, when we feel good about ourselves and have a positive attitude, our lives tend to run smoothly. Proponents of the “law of attraction” often refer to this as raising our vibration such that when our vibration is positive, positive things—such as financial abundance, love, and renewed health—are magnetically drawn to us.

You can sign up HERE to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Turning Your Hobby Into An Income Stream

If you’re like most people, you probably dream of having a job that’s enjoyable and fulfilling. Maybe the solution is to turn something you love into a way to pay the bills.

You may be thinking, “There’s no way I can make money from my hobby.” But you might be surprised!

Just think how great it would be if you could make money from the one thing that you actually choose to do when you have free time. What could possibly be better than that?

You might not be able to fully replace your regular job right away. However, you could earn a few hundred dollars a month or more for something you would be doing anyway. And that can make a big difference.

The two basic routes to making money from your hobby are:

  1. Teach Online. Someone out there would like to learn what you know. Don’t make the mistake of believing that you have to be one of the world’s top ten leading experts on something in order to make money at it. Nothing can be further from the truth! If you know more about something than anyone on your street, you can certainly make money teaching others.
  • Some ways to teach include:
    • Giving seminars (online or in person)
    • Selling articles related to your hobby
    • Writing and selling a book or e-book
    • One-on-one coaching
    • Setting up a website that provides educational information and sells related products and services.
  1. Sell a related product or service. Hobbies require supplies. Other people may as well be purchasing those supplies from you. If your hobby is collecting something, you can buy and sell whatever it is you collect. Or think of businesses related to your hobby. For example:
  • If you love animals, you could sell your services as a dog sitter.

  • If you love boats, you could sell boat plans or rent boats to vacationers.

  • Do you love design and interior decorating? Do you like to watch design shows on TV? You might not be on television anytime soon, but you probably know more about decorating a house than the average family does. Certainly you could charge a few hundred dollars for a consultation.

  • What if fishing is your passion? How about owning a bait and tackle shop? You could be a fishing guide. You could sell fishing lures online.

  • Do you love to travel? Take lots of pictures and write about your adventures. Travel magazines and websites are always looking for good content. You could also start your own travel website.

The real key is to take time to think about all the ways you could possibly make money related to you hobby. Then you can choose to do so in the most enjoyable way possible.

The hardest part of getting started for most people is marketing; you must market yourself and your business to get clients or customers. So be bold. Tell your neighbors and family members about your plans. Post an ad on Craigslist.com. Make a website. People have to know you’re out there so they can hire you or purchase from you.

Imagine the excitement you’ll feel the first time you cash that check for doing something you used to do for free! Once you make a little money from your hobby, the wheels will really start turning, and you’ll be surprised at all the other ideas that come to mind.

Start today by making a list of all the ways you could possibly make money at your hobby. Have fun, and good luck!


If you enjoyed this post, I invite you to take a moment and sign up to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Affirmations are simply statements that are designed to create self-change in the individual using them. They can serve as inspiration, as well as simple reminders. They also can serve to focus you attention onto your goals throughout the day, which, in and of itself, has the potential to promote positive and sustained self-change.

People use affirmations for a variety of purposes. Generally speaking, affirmations are used to reprogram the subconscious mind, to encourage us to believe certain things about ourselves or about the world and our place within it. They are also used to help us create the reality we want—often in terms of making (or attracting) wealth, love, beauty, and happiness.

According to Walter E. Jacobson, M.D., there is value in affirmations of this nature, because our subconscious mind plays a major role in the actualization of our lives and the manifestation of our desires. What we believe about ourselves at a subconscious level, he says, can have a significant impact on the outcome of events.

At the simplest level, when we feel good about ourselves and have a positive attitude, our lives tend to run smoothly. Proponents of the “law of attraction” often refer to this as raising our vibration such that when our vibration is positive, positive things—such as financial abundance, love, and renewed health—are magnetically drawn to us.

You can sign up HERE to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

How to Embrace New Chapters in Your Life

As you’re well aware, life is full of changes. Sometimes, the changes occur when you least expect them, and you end up with your routines being thrown out of whack. That’s how it often is when new chapters are opened up in your life. You might get caught by surprise, and immediately get flustered because you’ve never dealt with being in that situation before.

It’s easy to lose composure when you’re going through something totally novel to you. It’s easy to give up because you feel like you’ve lost control of your life.

The good news is that you can approach these life events with positive techniques that keep you from feeling intimidated by them.

Follow these strategies to not only deal with, but also embrace, these new chapters in your life:

  1. Have an open mind. Expect the best scenario instead of the worst. Remind yourself that you’ve made it through more challenging situations before.
    • Embrace the idea that this event might bring with it all sorts of positive spins on existing situations that challenge you. This new chapter in your life could be the answer to your reaching previously unattainable goals.
  1. Exercise courage. Fear can keep you from achieving what you want out of life. It can turn strong men weak and result in disappointment, sadness and humiliation. If you picture living a life with those negative attributes, you’ll start to develop the courage to prevent that from happening. So face the unknown with every ounce of courage you have!
    • Even when you’re not feeling courageous, tell yourself you’re brave. Walk into a situation while repeating the words, “I have what it takes to conquer this.”
  1. Take one step at a time. By far, the easiest way to approach any situation in life is to break it down into its smallest parts. When looking at the big picture of your new chapter, it might seem mammoth and insurmountable. But if you take a minute to dissect it, you’ll realize it’s a lot easier to take smaller bites and even savor the taste of newness.
  1. Be guided by past mistakes. Nobody you know has more experience in your life than you do! You know your strengths and abilities, and you also know where you went wrong before. Those learning lessons should be the tools you take into life’s new chapter. Use them as much as possible to help guide you through the unknown.
  1. Be honest. If your new chapter in life is something being presented to you by someone else, be honest about feeling intimidated by it. If you’re expected to tackle it and come out victorious, you definitely don’t want to disappoint! It’s better to state your position up front because people respect honest even when it doesn’t favor them.
    • New chapters don’t have to be scary at all. You’d be surprised how perfectly capable you are of taking things head-on and relishing in the goodness they can provide. Give yourself the chance to experience fulfillment; use these strategies to embrace new chapters like you already know the outcome!

If you enjoyed this post, I invite you to take a moment and sign up to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Affirmations are simply statements that are designed to create self-change in the individual using them. They can serve as inspiration, as well as simple reminders. They also can serve to focus you attention onto your goals throughout the day, which, in and of itself, has the potential to promote positive and sustained self-change.

People use affirmations for a variety of purposes. Generally speaking, affirmations are used to reprogram the subconscious mind, to encourage us to believe certain things about ourselves or about the world and our place within it. They are also used to help us create the reality we want—often in terms of making (or attracting) wealth, love, beauty, and happiness.

According to Walter E. Jacobson, M.D., there is value in affirmations of this nature, because our subconscious mind plays a major role in the actualization of our lives and the manifestation of our desires. What we believe about ourselves at a subconscious level, he says, can have a significant impact on the outcome of events.

At the simplest level, when we feel good about ourselves and have a positive attitude, our lives tend to run smoothly. Proponents of the “law of attraction” often refer to this as raising our vibration such that when our vibration is positive, positive things—such as financial abundance, love, and renewed health—are magnetically drawn to us.

You can sign up HERE to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Ways to Use Your Spirituality to Help Your Business Thrive

Using all the resources at your disposal naturally brings you greater success in your business. Number crunching and data analysis are helpful, but you have other tools available. Your spirituality and instincts have been developing and growing since birth. It would be a shame not to use them to your advantage.

Use these strategies to enhance your business with your spirituality:

  1. Sit quietly with your mistakes. Most of us avoid our mistakes. They create too much discomfort. But mistakes have always been the primary way that humans learn. Embrace your mistakes by sitting quietly and examining the source of your error. How much would your business be enhanced if you never repeated mistakes?
  2. Set your intentions high. Get in touch with your soul and realize how great and successful your business could become. Set a big goal and stick to it. Most substantial goals aren’t met because an easier goal reveals itself along the way. Utilize the power of high intentions and be consistent.
  3. Let go. Learn to forgive and move on. That includes forgiving yourself. Learn from challenges and then release yourself from them. Holding on to a grudge or the past ultimately punishes yourself and your business.
  4. Allow your spirit to guide your business. Logic and quantification have their place in any business, but the most successful businesses have more guiding their decisions. Trust your gut when the data runs out.
  5. Be enthusiastic about the unknown. It’s only necessary to see the next step clearly. Everything else might be a bit murky, and that’s okay. Any impressive accomplishment has at least a bit of the unknown.
  6. Meditate or pray on challenges. Getting upset by challenges is similar to a reflex. It’s possible to develop a more effective habit. Meditate on your business challenges and calmly seek a solution.
  7. Show gratitude. To feel gratitude, you must first focus on those things for which you’re thankful. Take a few minutes each day and feel gratitude for the things that bring you joy or satisfaction in your business. At the very least, it will create a more positive state of mind.

Are you currently using your spirituality to your advantage in your business dealings? If not, you’re ignoring a great source of guidance and strength. Give your spirituality the respect it deserves and apply it to your business activities. You’ll have a significant advantage over your competition.

I’d love to hear from you if you are currently utilizing your spirituality in your business as you work towards achieving positive results & goodwill for yourself and for your clients. Please drop me a line and tell me about it at TheBusyGal@gmail.com. Selah.


If you enjoyed this post, I invite you to take a moment and sign up to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

Affirmations are simply statements that are designed to create self-change in the individual using them. They can serve as inspiration, as well as simple reminders. They also can serve to focus you attention onto your goals throughout the day, which, in and of itself, has the potential to promote positive and sustained self-change.

People use affirmations for a variety of purposes. Generally speaking, affirmations are used to reprogram the subconscious mind, to encourage us to believe certain things about ourselves or about the world and our place within it. They are also used to help us create the reality we want—often in terms of making (or attracting) wealth, love, beauty, and happiness.

According to Walter E. Jacobson, M.D., there is value in affirmations of this nature, because our subconscious mind plays a major role in the actualization of our lives and the manifestation of our desires. What we believe about ourselves at a subconscious level, he says, can have a significant impact on the outcome of events.

At the simplest level, when we feel good about ourselves and have a positive attitude, our lives tend to run smoothly. Proponents of the “law of attraction” often refer to this as raising our vibration such that when our vibration is positive, positive things—such as financial abundance, love, and renewed health—are magnetically drawn to us.

You can sign up HERE to receive the BusyGal Bi-Weekly Affirmation Inspiration in Your Inbox.

You Have A Choice!

You know that you have a choice to stay in that dead end job or start your own business, right? If you’re thinking about starting something, do you know what you want to do? Right now, your job is paying at least some of the bills and you’re barely making ends meet. To encourage you to continue thinking about alternative income generating ideas, think about this….

Did you know that most women after the age of 40 will experience some form of ageism in the workplace – be it subtle or overt. In fact now that the Great Recession is essentially over, most of us can get a job — a job with no power, low pay, and absolutely no social prestige! If you’re okay with that don’t read any further!

It’s a known fact that ageism at work begins for women at 40 when your boss no longer considers you for promotion or training! Imagine that! You’ve given 10+ years of your life to a boss, who after you get to a certain age decides that due to your age you are no longer promotable! Does that get you pissed off? It should!

Do you want to know the real reason the job market bounced back? Millions of Americans have simply left the workforce to strike out on their own as small business owners – specifically middle aged people – and leading the charge are women over 40!

Now obviously starting a business is NOT EASY at any time in life, much less when you’re at this age! You also need to KNOW yourself.

To that end, which statement sounds more appealing to you?

“I want the comfortable life. I want or need stability in my life. I do not want to risk my well-being, and I value my free time to be able to relax.”

OR

“I bet on myself and that excites me! I like taking risks because I want the rewards they offer. I love to work, and I want to keep growing. I am very ambitious, and I can handle being in a position of discomfort a while.”

The first statement best describes employment. It is an easy path to follow because you know all the steps, and if not, you can find all the steps. You will encounter comfort if you are doing your job right, and if you don’t age out of the work and get laid off as the work force gets younger than you. You have a set schedule, and you know exactly when you switch your mind from work to family (usually 5PM Mondays to Fridays).

The second statement describes entrepreneurship. To be an entrepreneur you kind of need to embrace the fact that your schedule will be all over the place, and you will be thinking about 100 things at the same time while usually never knowing when the next time to relax will be! Additionally, the work is a grind – but you love it as you’re pursuing your dream because you love that what you are creating is yours! Your life will be unstable and unexpected, but you will love everything about it because your ambition and dreams are too big not to be pursued.

As you can see, these lifestyles are very different.

Entrepreneurs and employees are both necessary in this world, so no matter what path you choose, understand that you are still valuable to the society.

My name is Felicia Lopes and I am the founder of an online business where I coach Women Over 40 to re-establish and re-invent themselves as entrepreneurs through my online classes, small business services and opportunities, as well as events. I can help you!

Bottom line, if you’re looking for a great idea for a business, download my FREE booklet The Top 40 Small Business Ideas for Entrepreneurial Women Over 40 which is jam packed with million dollar ideas for new businesses and links to get you started. https://itiv6yfr.pages.infusionsoft.net

Online Sources of Capital for Women Entrepreneurs

Capital is pivotal for the success of any entrepreneur to launch a sustainable and lucrative business. Traditional routes of access to capital are changing as technological development creates new avenues and the distance between entrepreneur and investor decreases due to an increase in fast and efficient communication.

Women entrepreneurs have notoriously faced hardships in gaining access to capital, from lack of information and resources and local and state government assistance, to facing cultural biases from investors. Without adequate capital, women cannot make their creative ideas a reality, nor can they afford to maintain the businesses that provide jobs for a significant portion of the population.

U.S. Census Bureau data reveals that women own 36 percent of privately-held businesses and contribute $3 trillion to the economy due to job creation—creating 16 percent of jobs in the nation. As more women become their own bosses, they compose a larger share of small businesses, of which 80 percent have no employees other than the owner. In 2013, there were 28.8 million small businesses in the U.S.

Traditional means of gaining access to capital, which typically involved a long and cost-intensive process, are being expanded with online options, which provide smaller loan amounts faster and at lower costs.

Here are some new, innovative tools for women entrepreneurs seeking financing:

Crowdfunding
Crowdfunding is an efficient way to gain capital from many individuals through small donations, and is low risk compared to venture angels and banks. A 2015 Massolution report estimates that $17.2 billion was invested in North America through crowdfunding websites, a number that’s increasing each year. Top crowdfunding platforms include Kickstarter, Indiegogo, GoFundMe, CircleUp, Patreon, Crowdrise, Razoo, AngelList, and many more.

Gender Lens Investment
According to Veris Wealth Partners, investment of this type has risen 41 percent in the past year, up to $910 million. In addition, the number of mandated publicly traded gender lens investment strategies has reached a total of 22, after five years of steady growth. This is an incredible increase from 1993 to 2012, when there were only five strategies for gender lens investing.

Online Lending Tools
An emerging means for access to capital for small businesses in particular are online lending tools. The 2017 Kauffman Foundation report states that many businesses are in need of funds to manage cash flow and to access short-term financing, and the most commonly used tools are loans and lines of credit. Fintech companies like OnDeck and Kabbage are facilitating small businesses’ access to credit in online lending by providing fast online vetting for small business loans, utilizing personal data and credit scores.

Whether they decide to leverage crowdfunding, merchant cash advances or sector-focused angel syndicates like gender lens investment, women entrepreneurs in need of funds for their startup—or capital for their business—have new tools at their disposal.

Commentary by Desiree Patno
Originally post on RISMedia


Desirée Patno is the CEO and president of Women in the Housing and Real Estate Ecosystem (NAWRB) and Desirée Patno Enterprises, Inc. (DPE), as well as chairwoman of NAWRB’s Diversity & Inclusion Leadership Council (NDILC). With 30 years of experience in housing, Patno is a champion for women’s economic growth and independence. In 2017, Entrepreneur.com named her the Highest-Ranking Woman and 4th Overall Top Real Estate Influencer to Follow. For more information, please visit www.nawrb.co

The Determination of Creative Women

From our Connected with Kathleen Cooke Section.   
Re-published with permission from Kathleen Cook. 

Originally posted on www.KathleenCooke.com July 5, 2019
and in her Blog influencelab.com/women
Web/blog: kathleencooke.com
Twitter: @kathycooke

In a recent Wall Street Journal article, What Women Artists Knew About Work, Mason Currey cites Harriet Beecher Stowe’s (“Uncle Tom’s Cabin”) letter to her sister-in-law with these words…

“Since I began this note, I have been called off at least a dozen times – once for the fish-man to buy a codfish – once to see a man who had brought me some baskets of apples – once to see a bookman… then to nurse the baby –then into the kitchen to make a chowder for dinner and now I am at it again, for nothing but deadly determination enables me to ever write – it is rowing against wind and tide.”

As I sit at my desk and computer hashing it out with a multitude of to-do’s nipping at my feet, I feel very close to Harriet.  It requires determination and sheer work to find the time to read, think, research and write but I am compelled to do so by the pounding drum within me. 

Finding time to create was difficult for many women throughout history. In many ways we have it easier today but media distractions can be one of our fiercest opponents. Technological advancements have disrupted and loaded our lives with interruptions and the one highest on the list is the smartphone in our hands. Its unrelenting grasp hooks us. We often get blindly swept away following social media, watching YouTube or are mesmerized by video games.

Women of the past had multiple distractions since so many worked from home. Most were solo entrepreneurs who produced in their own creative spaces. They had to learn to discipline themselves and learn business skills on their own.

The entrepreneurial spirit continues today. According to a 2017 survey by Remote.co, 28% of women who work remotely are CEO’s and leaders of their own companies compared to 5.2% of women working in S&P 500 companies and 6.4% of women in Fortune 500 companies. Interestingly, 90% of women surveyed chose to work remotely because of the barriers they felt from men in top leadership positions. Another reason was the inability to be a family caregiver due to conflicts in the workplace. The New York Times reported in 2017 that “half or more of the women who earn an M.B.A. that year would drop out of the full-time workforce within a decade.” 

I had several distractions, including children, before I was able to fully pursue my first passion: theatrical acting. The balance of work and home responsibilities often continues to deter women from pursuing artistic and business endeavors. However, my dad, a basketball coach, often inspired me with these words from his mentor, former UCLA coach John Wooden, “Do not let what you cannot do interfere with what you can do.” My dad taught me to be persistent and not to be deterred by interruptions. My heavenly Father has also taught me that when you are pursuing what you are called to do by God, interruptions won’t deter you either.

Completing a project of any kind may have momentary interruptions, many of which can’t be controlled. Some may only last moments and others, years. But one thing I have discovered is that there is real joy and contentment when you are in the zone of creative work doing what God’s called you to do. When you are in the middle of where He wants you, it doesn’t matter if it gets difficult. You’d do it again and again because it breathes life into your soul. It allows you to communicate with God fully. 

At the end of editing my devotional, Hope 4 Today: Stay Connected to God in a Distracted Culture, I was given a 24-hour deadline by the publisher due to printing issues to complete the final draft. I was forced to stay up and work all night, shoving all other responsibilities aside. Surprisingly, the time flew by. I found myself energized within the sleepiness because I was driven to submit a manuscript that I felt had been inspired by God. 

Headwinds can never deter those who are “called according to His purposes.” (See Romans 8:28.)



A Second Chance in the Second Chapter of Life

by Felicia M. Lopes
Twitter:  @TheBusyGal
LinkedIn:  https://www.linkedin.com/in/feliciamlopes/

There are times that your life changes suddenly.  At those time I feel like my stomach kisses my backbone and my hands start itching and aching like crazy!  I can still remember my life going into total upheaval mode when I was told unceremoniously by my boss 4 years almost to the day that I’d been hired at my job, “I’m sorry, but you’re fired!”  


A few days ago, those same feelings came rushing back at me like an avalanche as I sat in Starbucks drinking my favorite coffee, scrolling through my iPhone, when Jennifer Lopez’s new film, which is coming out this Holiday Season, came up on my news feed.  It looks hysterically funny (that’s code for I can’t wait to see it!), because as a women, now in hermid-50s, that moment in 2006 when I was 42, utterly changed my life!  I still wince from the financial aftermath — the sting of losing my job — remembering it so clearly as if it were yesterday, because it was the start of a Herculean uphill financial battle that lasted many years!

Check out the trailer below and see if it doesn’t resonate with you:

SECOND ACT Trailer (2018)

Getting back to my story.  Apparently the Executive Board had lost their contract, so, through no fault of my own, I was laid off!  As most people do after a job lay off, you start marketing yourself furiously so that you can get another job — any job to pay the bills, especially if you live in Forest Hills, Queens (NYC) where I lived at the time, and where my rent for my 2 Bedroom apartment was over $2800 a month! 

I’m a “glass is half full kind of gal”, so to tell you the truth, I was actually kind of excited and hopeful about the prospect of finding something new.  As I have a Masters from Columbia University which I’d earned only 7 years previous to that time period in my life, I figured that it would take me no more than 3-6 months to find another position.  

Sister… How wrong I was! 

To this date… I have NEVER been able to get another permanent full-time job with benefits!  I physically have documented that since 2006, I have sent out well over 2500 resumes to employers for positions for which I am absolutely qualified.  I was interviewed several times for high level positions in NYC and even called back for additional follow-up interviews at several companies – a few up to 5 times!  But every single time I was informed a few weeks later, that they’d hired someone else for the job via a letter like this…

Dear Felicia,
Thank you so much for sending us your resume and cover letter.  We enjoyed meeting you, but we regret to inform you that we are moving forward with another qualified candidate… yada, yada, yada, yada, ya ….  

You get the drift!

The ultimate humiliation came when I was told “off the record” by a well meaning head hunter, that my problem was that those hiring  want to hire people younger than me, because I reminded them of … wait for it… their “Mom” as I was now 46!  

Can you just image being told that!?!

It took me a long while, but I finally woke up and realized a truth.

The only way to guarantee income into my household, was to be in business for myself!

So after much prayer, reflection, research and re-education (I call it PrR&R), I bootstrapped my own business and I vowed to make three essential changes to my life. 

Change #1:  Develop A Positive Mental Attitude Reading Regimen

I began by putting myself on a reading regimen to “brainwash” or rather “brain flush” the negative that had permeated and manifested itself into my life up until that point.  I started reading classic positive mental attitude books like Think and Grow Rich, by Napoleon Hill, The Power of Positive Thinking, by Norman Vincent Peal, and Dale Carnegie’s How To Win Friends and Influence People.  I devoured books by successful female writers such as, Arianna Huffington’s Thrive, Fearless and Free, by Wendy Sachs, Answers Unleashed by Olympia LePoint, Womenomics, by Claire Shipman and Katty Kay, and Goddess on the Go by Leora Edut.  Ultimately, I set reading goals for myself so that I can finish at least one book every 2 weeks. 

Change #2:  Hang With and Listen to Successful Business Owners 

Additionally, as I build my business I know that the more I listen to successful people who’ve built fantastic businesses of their own, the better I become at my business.  I listen to podcasts like  The Big Shift, The Marie Forleo Podcast, Oprah’s Super Soul Conversations, and She Did It Her Way because I need the inspiration to keep on keeping on!  Additionally, I schedule into my calendar, local, regional and national meetings and conferences to go to, where I can meet  successful people and associate with them.  This way I can model their success habits into my own business. 

Change #3:  Focus on the Spiritual 

Lastly I started focusing more on the spiritual needs of my life by becoming more grateful and thankful.  I remember when this epiphany occurred.  I was sitting in my basement apartment in Santa Monica.  I had just moved there, I had no money in the bank, and I had no job.  Real inspirational success story there, right?!  What’s crazy is that I woke up and I heard God, speak to my heart and I realized that though I had nothing in the bank, I had a roof over my head, food in my belly (not one day did I go hungry) and clothes on my back – and stylish clothing at that!  Though I had no job lined up, I had hope and good prospects that some how or some way soon, He would provide for me.  I started saying to friends – tongue in cheek, “God is letting me ‘suffer’ in style while living in Santa Monica” – which is one of the most expensive areas of the country to call home! 

As I continue to build my business – now in my hometown of Dallas, Texas (that’s a whole other story for another time!) – I have come to realize that I am not alone as a middle aged female business owner.  According to New York Times writer Kerry Hannon’s 10/3/2017 Article, which is absolutely worth a read, check it out HERE, “in 2016, there were an estimated 11.3 million women-owned businesses in the United States — a 45 percent increase since 2007, according to the 2016 State of Women-Owned Businesses Report from American Express.”  The article goes on to state,…

“Female entrepreneurs, particularly those over age 50, are igniting intergenerational entrepreneurship partnerships and collaborations among women of all ages,” said Elizabeth Isele, founder and chief executive of the Global Institute for Experienced Entrepreneurship. “Intergenerational partnerships between women dispel age-related stereotypes and build strong bonds across age, race and ethnicity in our increasingly diverse workplaces,” Ms. Isele said.”

If you fit into this demographic – being a a women who wants to start your own business and you’re in your 2nd or even 3rd chapter of life being in your 40’s, 50’s, 60’s or even 70’s – take a minute to ask yourself and answer these 3 questions: 

  • When you were a young girl, lying in your backyard looking up at the stars in the sky, did you imaging living the way you are living now? 
  • Is your Income Circle as large as your Dream Circle? 
  • Can you honestly state that you are happy and financially secure with where you are in life at this stage of life? 

I believe that all Women Over 40, 50, 60 or even 70 need a second chance because 9 times out of 10, most of us did not “get it right” in our 20s and 30s and we aren’t necessarily where we dreamed we’d be at this age.

If all your answers are YES to the questions above…  then “Hooray for you!!!!  You got it right in your 20s and 30s!!”  But I bet, 90% of you have answered, NO.  

So please for your sake and for your sanity, consider starting your own business and push hard for your own dreams!  I know I did it, and though it is one of the most difficult things I’ve ever done, it is also the BEST thing I’d ever done because…

My business became my second chance in my second chapter of life and it can also be that for you!

Felicia Lopes trains and empowers Women Over 40 who want to start businesses and become entrepreneurs nationwide through her robust online learning management system which features 3 Curriculum, 8 Core Courses, and over 70 individual classes (or modules).  Join her this coming 12/20/2018 for her webinar — Cultivating the Entrepreneurial Mindset where she will walk you through the minefields and  mental hurdles most Adults Over 40 face when launching a new business.  Register here to attend this information packed webinar.

Look Ahead!

Factors Influencing the Growth of Women-Owned Businesses – Risk Tolerance, Motivations, Expectations, and Culture

 

In our continued effort to provide resources for Entrepreneurial Women Over 40 herein is a resource from the National Women’s Business Council:

About the NWBC

The National Women’s Business Council (NWBC) is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of importance to women business owners. The Council is the government’s only independent voice for women entrepreneurs. Members are prominent women business owners and leaders of women’s business organizations. NWBC is composed of 15 members who are appointed to three-year terms.

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Like all entrepreneurs, women business owners face many challenges in making their entrepreneurship dreams a reality.  Some of the challenges faced by women may be specific to women, due to the historical and cultural context within which they do their work.  Women have the challenge of confronting and overcoming the historical barriers of being kept out of business and capital markets until the late 1980s.  Even today, women’s access to information (or lack thereof) about financing strategies and opportunities may be limited due to a lack of access to the social networks where many key decision makers and capital players make deals.  A lack of information about financing a business may result in more women raising lower levels of capital or pursuing only debt financing, which can limit their growth potential.  Even more challenging are the cultural and personal challenges that women may face.  Many women business owners also need to manage family-related responsibilities that still fall disproportionately on women despite progress in this area.  Finally, some women struggle with being comfortable with living through and overcoming risk and failure, a critical skill set for any entrepreneur.  Women still trail men in size of business and business receipts, and women need to become more comfortable with risk in order to grow their businesses.  All of these issues hit close to home for many successful business owners, yet, they are important to continue to explore, particularly in relation to how women start, grow, and expand their businesses.

The National Women’s Business Council (NWBC) initiated this research to understand the reasons behind the general lag of women-owned business growth in terms of business size and receipts, as compared to firms owned by men.  Other studies have indicated that, on the whole, women and men approach entrepreneurship differently.  In order to assist women, and the nation, to advance economically, the NWBC looked to the research to provide insights on key considerations when reaching out to women entrepreneurs to encourage maximum growth of their businesses.  The research centered on questions about three key attitudinal areas associated with business ownership and growth: risk tolerance, motivations, and expectations.  The research team also listened for instances where culture could be influencing behaviors or experiences.

About the Research

This research was conducted by Public Policy Associates (PPA), Incorporated, a public policy research, development, and evaluation firm headquartered in Lansing, Michigan.  The research was qualitative in nature with the goal of exploring attitudes and preferences; as such, it is not meant to be representative of all women business owners.  The research was based primarily on focus groups and telephone interviews with 81 women entrepreneurs from three metropolitan locations in the United States (Houston, Los Angeles, and Washington D.C.).  The participants were organized into four segments of women business owners: (1) having high-growth expectations, (2) having moderate-growth expectations, (3) having children at home, and (4) making frequent use of outside advisors (such as lawyers and accountants).   These categories were selected by the NWBC and PPA because the team hypothesized that these business and personal characteristics might have an influence on attitudes about risk and motivations for starting a business.  Overall, the women in the study tended to be more diverse, more educated, and older than the population of women business owners nationally.  However, they were roughly similar in terms of business size (defined as gross receipts and number of employees).

Key Findings

Risk –  It’s about managing risk, not avoiding it.

  • The study participants who were most risk tolerant also held high expectations for business performance and growth.  Business owners who already have high expectations and are comfortable with risk appeared to be on track to grow their businesses.
  • Utilization of outside advisors was not associated with greater tolerance for risk.  However, most participants used one or more outside resources, and all participants recognized the value of such resources, particularly during the startup phase.  Participants recognized that external advisors could assist in mitigating risk during growth.  NWBC has concluded that finding the right advisors can help a business owner develop confidence and become more comfortable with risk.
  • Because of the inherent instability of micro-businesses in the market due to business cycles and changes in market dynamics, the riskiest strategy may, in fact, be the unwillingness to take necessary risks.
  • Investing in hiring new staff or consultants was seen as a highly risky activity and was viewed with caution. There seemed to be difficulty among some owners in delegating daily management responsibilities, as owners were concerned about finding employees that they could trust.

Motivations – The original personal motivations for becoming a business owner drive the subsequent path that a business takes, and perhaps the owner’s willingness to take risks.

  • The business owners in this study were mostly motivated by independence, flexibility, and work-family balance. Wealth creation in terms of net worth, as defined by these women, was not a motivator that these women had in common.
  • One distinction among the segments was that more women in the high-growth expectations segment said that they started their businesses in order to capitalize on an opportunity or to fill a gap in the market than women in any of the other segments.
  • The original personal motivations for becoming a business owner may well drive the subsequent path that a business takes, and perhaps the owner’s willingness to take risks. NWBC has concluded that these original motivations need to be considered potential influencers on business growth planning.
  • Women entrepreneurs who are highly motivated to grow their firms take tangible, consistent steps toward that end.

Expectations – Women define growth in similar ways, but have different timelines and strategies for achieving it.  In many ways, growth appears to be a choice. 

  • Growth was not a central focus for many at the outset of their businesses; rather, the focus was on startup and stabilization.  With more experience as a business owner came more attention to growth, ostensibly from an increase in confidence in running the business.
  • There did seem to be difficulty among some owners in delegating daily management responsibilities (e.g., processing payroll), which may be compromising business growth potential.  The owners were concerned about finding employees that they could trust, as mentioned above in the section on risk.
  • This study found that women entrepreneurs with high-growth intent are, in fact, making strategic decisions that best positioned them for growth, particularly through marketing.

Cultural Influences – Women business owners juggle multiple roles.

  • The owners saw success in business as a reflection of their personal and professional success.  However, the point at which an owner considers herself sufficiently successful seems to be influenced heavily by a need to balance business success with success in other areas of her life.
  • Perceived expectations and norms around women’s responsibilities and roles (e.g. within their households) had at least some influence on business growth decisions, as well as ownership decisions.  Risk taking, motivations, and expectations were all affected.
  • Women business owners are taking a holistic view of work and personal life.  Women expressed concerns about adding focus on business growth to their current workloads, which include home and workplace leadership roles and responsibilities.
  • Women business owners with children at home defined risks in terms of family finances, personal time, and personal reputation.  In the high- and moderate-growth segments, the owners pointed to risks associated with business investments and finances more frequently.

Policy and Program Implications

The factors that influence the growth of women-owned businesses are dynamic and interrelated. Motivations for starting a business can impact both expectations for growth and tolerance of risk. NWBC believes that policy and programming for women business owners should help women to see how to remain true to their motivations for business ownership while accomplishing business expansion and wealth creation.  This study reveals a number of considerations:

  • Programs:  We need to focus as much on expansion as on startup and stabilization. Particularly valuable may be training on second-stage business assessments, expansion planning, or similar resources for those women business owners who are beyond the startup stage, but are not confident about how to pursue growth on their own.
  • Programs:  Women in this study appeared to struggle from front-line service provider to CEO as their business grew.  Programs should emphasize problem solving to achieve goals and encourage the use of resources and tools.  Training on organizational development, human resources, and hiring may assist women in finding the right people as advisors or employees, and increase their confidence in making smart decisions about expanding their workforce and delegating responsibilities.
  • Messaging:  In addition to advocating for ‘risk taking,’ organizations working with women business owners should focus on risk management and positioning for opportunity as part of business growth planning and implementation.  It may be that owners who appear to be willing to take big risks are in fact just better at seeing how to manage or mitigate the risks required for successful business ownership.
  • Messaging:  Programs that recognize that business ownership is a viable path to generate wealth, including adequate retirement savings, and that provides strategies to help owners get to that point, would likely be valuable to women business owners of all ages.  In general, the value of business growth in connection with other goals, like helping one’s community or family, may resonate better.
  • Messaging:  Acknowledge the multiple roles that women business owners play (work, home, community) and their desire to perform well in their roles.