Earlier this year, the Coronavirus Aid, Relief, and Economics Security (CARES) Act was signed by President Trump in order to provide emergency assistance and healthcare response to individuals, families, and businesses that were affected by the COVID-19 pandemic. The Small Business Administration (SBA) was given the funding and authority to modify existing loan programs to assist small businesses nationwide.
Not to prematurely declare the current public health and economic emergencies over (because it's not), but the reopening of some businesses this summer presents a good time for many of us to reflect on our finances. It's a practice we self-reliant women should be doing all the time anyway, and now there is a unique opportunity to assess and learn. With four grueling months of health scares, social distancing, and financial instability, let's look at how we did...
I think we can all agree that we are living in unprecedented times, and many of us are experiencing challenges in both our personal and professional lives. But it is important to remember that often, challenging moments present opportunities for change. Right now, companies and individuals are using this time to rethink how they conduct their business, the resources critical to their success, and how they go about their daily activities. And what we are seeing is that more and more people, especially women, are taking control of their lives by starting their own businesses. While it is estimated that the number of women-owned businesses is one-quarter to one-third of all enterprises worldwide, there are still many women who aspire to make entrepreneurship a reality.
After my husband died suddenly, and tragically, from a very rare illness, eight weeks after giving birth to my second child, I realized I had to set out on a new path. A path that I would forever claim as mine and mine alone — and for which there was no precedent or roadmap in my own personal life. After much soul-searching and as I reflected on the lessons I had learned, something came very clear to me.
With the recent killing of George Floyd, the Black Lives Matter protests as well as the onslaught of COVID-19 globally, it has become more apparent than ever that we need a new paradigm — one based on holistic wealth for all. Despite advances, certain groups still struggle to have basic access to human rights and dignity, and they face systemic barriers prevent the accumulation of wealth. What this means is that Black and Brown people essentially struggle (or have been prevented in many cases) from living a holistically wealthy lifestyle.
Amidst a global pandemic and growing research which suggests women are severely affected by COVID-19, it's an opportunity to make big strides in our effort to address larger societal issues such as equality and justice, reproductive rights, poverty and domestic issues like financial abuse, as well as income security and retirement. It is estimated that 46% of women are "not too confident" or "not at all confident" about their ability to live comfortably after retirement, compared to only 31% of men who feel that way.
Liz Elting, Founder and CEO of the Elizabeth Elting Foundation, is an entrepreneur, business leader, linguaphile, philanthropist, feminist, and mother. After living, studying, and working in five countries across the globe, Liz started TransPerfect out of an NYU dorm room. During her tenure as Co-CEO, she grew TransPerfect into the world's largest language solutions company, with over $600 million in revenue, 4,000+ employees, 11,000+ clients, and offices in more than 90 cities worldwide. Liz has been recognized as a NOW “Woman of Power & Influence", an Enterprising Women “Enterprising Woman of the Year," and one of Forbes' “Richest Self-Made Women."
Email firstname.lastname@example.org to get any of the professional advice you need from this pioneering professional!
In 2006, CEO Shonda Scott created 360 Total Concept as part of the solution by providing management services to organizations needing support in public relations, monitoring and compliance, logistics, and facilities management. 360 is headquartered in San Francisco/Bay Area, with an office in Los Angeles, projects nationwide, and an international footprint.
Shonda, a fourth generation entrepreneur, has over two decades of business experience that she leverages to assist her firm's extensive client list with Turning Concepts into Reality. 360 has a portfolio of projects over $1.7 billion which includes industry giants such as BET, Uber, Comcast, Kaiser Permanente, and international airports. 360 has provided support services such as creating diversity spending strategies, which have generated over $100 million earned by small local businesses.
In 2012, Shonda was appointed to President Obama's Platform Committee. Based on her civic and community leadership, Congresswoman Barbara Lee, in 2006, recognized Shonda as a CBC Young Leader. Shonda was inducted into Alameda County's Women's Hall of Fame in 2018 for her business acumen.
In addition to her entrepreneurial and civic work, Ms. Scott is the executive producer and host of a talk show "Spotlight with Shonda Scott," a lifestyle show highlighting local and national influencers and unsung heroes.
For more information on Shonda, please visit: shondascott.com.
Founder & Creative Director of CHERIDA, pushing the boundaries of British Tailoring. A luxury style that re-imagines corporate style with high quality, self expressed, timeless classics. Advocate in sustainable fashion. Visionairy.