Sylvan Franchise Blog

How to Help Other Businesswomen

Posted by Laura Dunn on Sep 30, 2014

As Madeleine Albright once said, ‘There is a special place in hell for women who don’t help other women.’ At whatever point you may be in your career or business, I think this is an important phrase that you should remember.

As an entrepreneur myself, I would be honored to help a woman who may be thinking about starting her own business. In addition, I would feel privileged to get advice from a woman who was further advanced in her career.

So what is some of the best advice that you could offer an aspiring businesswoman?

Talk through the pros and cons- I think it is important to have an honest conversation about the pros and cons of running your own business. Are you able to handle payments not arriving on time? Are you confident approaching potential customers? How will it affect your work-balance? These are just some of the questions that need to be asked.

Assist with a business plan- Provide advice on how to write the all important business plan. I was really fortunate to meet a businesswoman at a networking event, and her advice and suggestions have been crucial in thinking about my business and my plan for the future.

Help with networking- Blind networking can be intimidating, so providing a little help will go a long way. I have been lucky to meet new contacts through other business owners, and this has been really helpful as I start out.

Be an advocate- Being an advocate provides that extra level of support, and knowing that a fellow businesswoman is willing to recommend you to potential customers is really important. I always repay the favor. 

Help with the scary stuff- Bookkeeping and taxes? These are two of my scary things! Providing help in areas where the individual may feel a little out of their depth is great, but teaching them how to do it is also important.

Did you have the support of fellow businesswomen when starting your business? What advice would have helped you?

Topics: Entrepreneur Insight, Business Women