Women are coming together in support of equality and empowerment at home and in the workplace. The recent rise of girl power has been harnessed by many women-led enterprises to encourage and show young girls that they can be anything they want to be!
Did you ever imagine that you could be part of this movement? Being a female entrepreneur can be lonely, cut-throat, stressful and demotivating at times, but once you learn to navigate the process and realise your worth in the marketplace – great things can happen.
There is no lack of talent or appetite preventing women from entering the business world as leaders or board members. Rather it is the patriarchy and old school mentality of the baby-boomers that place unnecessary obstacles in the way of aspiring young women. Being a woman in business or trying to start a new venture as a female leader is hard. Very hard.
The issues around equality and empowerment must be addressed and corrected in order for the world to evolve and grow in a positive direction. The fact that we have the need for these sorts of discussions can be disheartening, but it has to be done and changes have to be made. The trick is to keep having the conversation and keep pushing for change in order to revolutionise an outdated business model designed to benefit only men in the working world.
You can't, however, wait for change; you must be the change and forge your way into the world of business and entrepreneurship. If you have started a business at home and have become so successful that you need to expand, don't fret, you have a lot of support around you. You only need to know where to look.
According to Mastercard, 25.8% of business owners in the UK are women. Statista shows that in women starting their own businesses, a 72% increase occurred between 2000 and 2016, with female entrepreneurs generating 18,000 jobs in 2015, adding to economic growth and GDP.
Looking at these stats, one can see how significant women are to society and the economy. With this in mind, consider hiring women from diverse backgrounds to take your business from start-up to FTSE listed. Hiring women only is a good human capital model to encourage the model of equality and empowerment within the business world.
The untapped potential of female entrepreneurship can be a significant boost for the UK economy and needs more funding and attention to bloom. 'RBS has calculated that boosting female entrepreneurship could deliver approximately £60B extra to the UK economy,' according to Prowess. This astronomical figure alone should be enough motivation for leaders and governments to invest time and money into female entrepreneurship.
Funding For Growth
Accessing funding for businesses is still a stumbling block for women. Start-ups are especially difficult to finance with a female-only board. Research has shown that a women-only board is four times less likely to qualify for funding than one made up of men. Besides appearing on an episode of Dragon's Den, what other financial opportunities exist for women wanting to make their mark in the world of entrepreneurship?
Fortunately, there are funding opportunities and business grants available for women to take their business to the next level. The difference between a business grant and a loan is that the grant is given with the specific purpose of investment into the business. A loan must be paid back with interest over a specific period of time. In essence, funding is given, and a loan is money that is lent.
If you are considering approaching a bank, a start-up or business loan can be an answer to your financial needs. Start-up loans have also been popular of late which offers the opportunity to expand and grow your business with interest rates tailored to your needs.
Office Space For Employees
Finding appropriate office space will depend on what your business needs and budget are. Will you be needing an office type set-up, warehousing or manufacturing space? The best way to find office space is to speak to experts in fit-out, design, refurbishment, and furniture solutions first and then find office space to house your business.
If you are in Scotland, finding an office to rent in Glasgow can be daunting but also exciting as Glasgow is one of the top 15 cities in the UK for start-up and small business growth in the UK. Amos Beech offers refurbishment and re-design of office spaces all over the city at an affordable rate to suit your business needs.
If you find a space which you think is suitable for your business needs in Glasgow, try incorporating sustainable work processes and materials, which will pay off in the long run. Not only will you be a savvy businesswoman but an eco-conscious one too!
Stick to your budget and keep the end goal in sight. Getting your business up and running is a priority so at times just a simple coat of paint and upcycled office furniture used in clever ways may be just what you need.
Creating an office space with your business vision and mission in mind should accommodate your employees too. Consult with an HR professional to ensure that your contracts and workspace are all above board and compliant.
When hiring women, consider their needs – working remotely when they are needed at home could be a great perk! Create an environment and culture of understanding and empowering women which speaks back to your business strategy. Hiring diverse women can be beneficial for innovation, collaboration and cultivating a female entrepreneur-rich culture.
Gaining momentum or traction on female-led businesses can be achieved by networking with people or industries that are passionate about female-led enterprises locally and globally. Attending or hosting networking events at least annually provides the opportunity to grow your business by having the right conversations with the right people.
Keeping your finger on the pulse of entrepreneurship and women in business is achieved by subscribing to or reading publications that promote and understand the plight of a businesswoman. Books and talks on women empowerment are available at the click of a button. Simply YouTube or Google these keywords to stay up to speed on what is happening within the world of girl power.
Certain programs or events also allow the opportunity to not only network but mentor young girls and ladies in achieving their potential.
Initiatives such as Business Women Scotland Awards, showcase women-led businesses and place them in the spotlight. Not only do they have categories that highlight and celebrate women entrepreneurs, but they support a charity initiative for women. Proceeds from their evening soiree go towards a charity which provides interviewing skills and clothing for women in need.
Social media is a powerhouse for women in business, as the organic reach and potential to promote women-led enterprises is enormous. This is partly due to the fact that the majority of active social media users are in fact, female. Creating awareness of the gender funding gap for female entrepreneurs can be done on social media platforms and attract investors
Women are natural communicators and social media provides the platform for engagement with like-minded individuals and companies which can add value to your company. Marketing and networking on social media can be done without cost, which makes it perfect for a start-up.
Women can engage with thought leaders and business minds to foster relationships that can be instrumental to business growth and awareness. Having a solid presence on social media can also establish women entrepreneurs as thought leaders in the business world too. Leveraging the reach of social media is important in creating awareness around equality and inclusion.
Unfortunately, when starting a business, there will be trying circumstances as most female entrepreneurs continually have to defy stereotypes to be taken seriously. Sexist tendencies still dominate the business world and women have had to accept that proving themselves to male counterparts or leaders is par for the course.
Constant education and lobbying for equality are needed to bridge the gender pay gap and support equality. When starting out in the world of business as a female, accept that you will be a guiding light and a role model in the industry. Take this responsibility seriously and help set the standard for women in business. Celebrate every victory, no matter how small, and promote those around you who are disrupting the status quo for female kind.
As exhausting and trying as this can be, there is light at the end of the macho tunnel. Turning to mentors, role models or peers for support can be a proper boost when fighting for equality has got you demotivated. It helps to remember that you are not alone, that there are many more women (and men) fighting the same fight, raising the bar and achieving their business goals. Find these people, build a rapport with them, and use them as a sounding board from time to time.
I recently traveled to Paris to attend the International Master Course on Aging Science (IMCAS) and met with some incredible doctors from around the world to learn the latest trends in aesthetic medicine— the field of improving cosmetic appearance through medical procedures. My practice in Los Angeles serves a truly diverse and international clientele, and these conferences are a great way for me bring the latest global procedures and products back home for my patients.
Here are my three biggest global beauty takeaways from the trip! Face threads are an increasingly popular procedure to quickly and efficiently rejuvenate your look, and they can be easily tailored to your needs. The V-shape jawline contour is big in South Korea, if you're looking for something more transformative. Whereas women in Paris are embracing the art of aging naturally while still looking flawless with the help of minimally invasive threads.
Another big trend in global beauty is the process of utilizing radiofrequency therapy to heat the skin in order to reduce lines and loose skin. This incredibly advanced technology is now being used all over the body, especially on the face and vagina.
Finally, this may not be a specific global beauty trend, but the gender dynamics of beauty are majorly shifting in terms of both providers and patients. More women are entering aesthetics as providers and more men are utilizing aesthetics as patients. Italy has a quickly growing population of male patients, and in Brazil the gender breakdown is already 50/50!
Those were my major global beauty lessons from this trip, but I also spoke with several doctors directly about how their practices are shifting with the times. Here are some of the amazing doctors from all over the globe that I had the pleasure of meeting with in Paris, as well the latest products and therapies they recommend! The world of beauty is shifting, and we're going right to the source.
Dr. Bernard Peyronnet is a dermatologic surgeon whose patients include French celebrities and international royalty. He's based in the heart of Paris, working out of a gorgeous office that doubles as his home. Dr. Peyronnet revolutionized aesthetics by introducing the noninvasive chemical peel. He also loves adding subtle threads to a woman's face or body to create natural-looking improvements in contour, texture, or lift. French women never want to look like they've had work done. He calls his method the "French touch," which results in flawless results that keep everyone guessing.
As you can see, there have been some truly amazing global beauty advances in the field of aesthetic medicine, with doctors around the world continuing to innovate and refine their offerings. My time in Paris was so informative and inspiring, and I cannot wait to pass some of that knowledge on to my patients (and you!). If you would like to learn more about how the newest trends in aesthetics can help you achieve your desired look, please contact my office at doctorrahi.com to book a consultation!