According to an article in the WSJ, the latest research shows fear of failure and lack of confidence are what really hold women entrepreneurs back. I asked my radio show guest, Susan Bass-Levin, CEO of the Cooper Foundation, to share some of her insights regarding both of these topics. As a former mayor, lady CEO and ovarian cancer survivor, Susan is a woman who’s been in the trenches of life.
Have you ever poured all your energy into one goal, and failed? Susan has. When she was mayor of Cherry Hill, NJ she ran for Congress, and lost. Imagine failing so publicly, that even your supermarket checkout clerk knows about it. That would make most people want to stay in bed. Or at least have someone else do their food shopping.
Susan and I chatted about everything from how we connected over candles to picking yourself up after failing, building confidence, and what’s really important in life. Here’s a recap of our radio interview:
Walk a mile in my shoes and you’ll meet a young girl who grew up during the 60s and 70s minutes from Atlantic City, home of the annual Miss America Pageant and the Show Us Your Shoes parade. The pageant was part of the fabric of my life, blending in with the sand, sea and boardwalk. It was easy to get caught up in the excitement as I watched the contestants parade in style, lifting their feet in the air with the crowds cheering them on. The experience left a lasting impression. I learned that a pair of shoes can magically give a woman superpowers, making us feel (as Marilyn Monroe said) that we can conquer the world. When women step into their shoes, they also step into their power, transforming from ordinary to extraordinary. I took the lesson with me to adulthood, rockin’ out in my heels when I found myself in a sea of blue suits, the only woman in my territory to land a job selling business forms and commercial printing.
Tory Johnson brought her spark, and a little hustle, to a PartyLite conference I attended last week in Minneapolis, MN. As Tory took the stage, she shared how she overcame fear and failure to turn her passion into profit. Her message for the 2,000+ entrepreneurs in the audience was to connect with your why, stop making excuses and ask for help when you need it.
Here are 3 Truths About Women I Learned from Tory Johnson:
Women leave money on the table: Tory shared a case study she did with women and men to find out why women earn less. In the study, both women and men were told they were being paid between $5 – $12 for participating in a focus group. They were all paid $5. The men immediately asked for more, wondering where the other $7.00 was. The women took the $5, saying things like, “That's Ok.” When asked why they didn’t ask for more, the women shared that they felt bad asking for more money and didn’t want to make a fuss. We’re not earning as much as men simply because speaking up to ask for more is not in our DNA. Teaching women how to speak up, ask and negotiate for what they are worth can change that.
History books are thick with pages about the founding fathers who blazed new trails to the free world, leading to our independence on July 4, 1776. I remember learning about the early innovators and entrepreneurs including Benjamin Franklin, Thomas Edison, Henry Ford, John D Rockefeller and Andrew Carnegie, but where are the stories about women entrepreneurs in our history books? Young girls need to learn that an entrepreneur named Coco Chanel was creating a fashion empire in France in the late 1800's, and that Amelia Earhart was not only an aviator, but an author and entrepreneur. Earhart created her own line of casual clothing that was sold in department stores in the late 1920's.
Here are some of the women in history who inspired me, leading to my independence as a woman entrepreneur. I’ll be thinking of them when I watch the bright glare of the fireworks light up the night sky.
Rock your vision, and get your creative juices flowing, with these 5 inspired summer reads by women entrepreneurs. Together, we'll rewrite the history books.
Gutsy: How Women Leaders Make Change - Sylvia LaFair
Success Secrets of a Million Dollar Party Girl - Lynn Bardowski
Shark Tales: How I turned $1,000 into a billon dollar business - Barbara Corcoran
Spark & Hustle: Launch and grow your small business now - Tory Johnson
What if? and Why not? - Jen Groover
Lynn Bardowski is an award-winning entrepreneur, radio host and best selling author of Success Secrets of a Million Dollar Party Girl. She speaks to global audiences about entrepreneurship, vision and branding and is a resource for press, media and bloggers. Like her on Facebook and follow her on Twitter. You may republish this article in full, as long as you list this paragraph and provide a link.
I was so excited to be named Visionista of the Week by speaker, writer, mentor and founder of Million Dollar Party Girl, Lynn Bardowski. Lynn defines Visionista as ‘a woman who knows who she is, where she's going and guides her tribe of leading ladies to the top’. Wow…this title is definitely an honor! I was even more excited to talk with Lynn and her listeners on her radio talk show Thursday, 6/20. My hope was to inspire women and provide them with confidence and the tools to reach their dreams by sharing my journey with Mommy Masters®. Here is a re-cap of my interview, including a summary of the tips I shared.
I founded Mommy Masters® as a resource for parents looking to create flourishing family environments. I offer tips, tricks, tools, reassurance and confidence in overall parental decision making. One of my tools is “Music is Magical, Children’s Songs with Ellie”.
With Mommy Master of the Month, my goal is to encourage women and provide a platform for those who have an idea, a concept or a product that they believe will change the world. I wanted to give back and help other women, as so many have helped me along my journey. July submissions are now being accepted!
My vision is to provide women with the tools and confidence to master motherhood and to let moms know that they are not alone. What I’ve learned and what I share with others:
- Stop making excuses.
- Be willing to work really hard.
- Don’t regret the things you do, regret the things you don’t do.
- Lead by example.
- Don’t be afraid to fail. If you try and fail, you have succeeded.
- Have confidence. You can do this!
- Believe in yourself.
- Don’t worry if you are a beginner; you have to start somewhere.
- Don’t compare yourself to anyone else.
- Create a support system for yourself.
- Share your journey with friends and family so they can share in your success.
- Don’t try and be a superhero; get a sitter or mother’s helper to lighten your load.
- Ask for help when you feel overwhelmed, tired and ready to give up.
- Enjoy your journey. Celebrate your successes.
- Extend your journey; don’t stop just because you have reached your destination.
Take advantage of all my tips and listen to the full interview here.
For more great tips, tricks and tools, head to MommyMasters.com.