Close your eyes and imagine that it is three years from today. You are walking in the door of your business. What do you see and hear? What are people doing? What does your business look like?
The women sitting in front of me are business owners from various countries in Latin America and the Caribbean. It is an eclectic group with a variety of business ventures ranging from textiles and chocolates to biotech benefiting the salmon industry.
They are here as part of the Women’s Entrepreneurship in the Americas (“WEAmericas”), an initiative that leverages public-private partnerships to increase women’s economic participation and addresses key barriers women face when starting and growing small and medium enterprises.
My role is to facilitate Kauffman FastTrac’s Listening to Your Business – a three-year visioning workshop. A hush settles over the lively group as they open their eyes and start writing what they envision in the near future. Time flies as we talk about the importance of establishing an intentional internal planning process through setting special goals and establishing success strategies. They begin to share resources to reach their business goals.
Sharing Challenges
During the workshop, each woman introduced herself and shared her biggest challenges. They roughly fell into the following four buckets: 1) Growth; 2) Marketing; 3 )Finances and 4) Transitions. The visioning exercise helped them to focus more clearly on the steps to move past the barriers to see the desired success. Michele Markey, Vice President of FastTrac says, “This type of activity is often hard for entrepreneurs because they end up spending most of their time with their heads down to get the business started and keep it going.”
Learning
The biggest “AHA” moment was the need to take the time to find strategic solutions to the different challenges presenting themselves in each stage of the growth of their business. As they created a chart of their goals, management style, planning characteristics and red flags they were able to pinpoint specific ways to move ahead. For some, it was realizing that they needed to delegate more in order to step back from the day-to-day operations to gain the perspective in a larger context.
Growing
My life was enriched by this opportunity to meet these talented women and to help them advance their entrepreneurial aspirations. Their action plans and future strategic focus will have a positive impact on their own business endeavors and on the economy of their nations. Many spoke of returning to encourage other women to become entrepreneurs. By sharing what they learned, they will network more effectively and grow as they give to back to others.
What challenges do you face as an entrepreneur? What are you learning? In what areas do you need to grow?
Karen Sebastian is a serial entrepreneur who wants to help you succeed in your business. Subscribe to this blog for more inspiration on how to become a HOPEpreneur. Please email her at hopepreneurs@gmail.com if you would like to book her as a speaker or want one-on-one coaching.
Tags: accountability, business, countries in latin america, FastTrac, group of women, Listening to Your Business, marketing, networking group, networking relationships, reality check, small and medium enterprises, start-ups, successful entrepreneurs, Transitions, visioning, WEAmericas, women to women, Women's Entrepreneurship in the Americas, women-to-women networking
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