Why Women Need To Behave Like A Girl To Grow Their Businesses

(Image: Shutterstock)

Entrepreneur and talk show extraordinaire Steve Harvey wrote when it come to dating and relationships, women need to Act Like A Lady, Think Like A Man. Now author and women’s entrepreneurship expert Joanna L. Krotz is telling women in business to behave “like a girl.� She believes that by accepting this is okay, women will be more empowered and successful in their businesses.

In her book, Being Equal Doesn’t Mean Being the Same, Krotz encourages  working women to launch businesses, offering smart, practical advice about how and when to make that leap. She notes that women need to recognize how gender matters in business performance and leadership.

The book’s foreword is written by noted billionaire, entrepreneur and philanthropist Sheila C. Johnson. The Co-founder of BET, Johnson is now the founder and CEO of Salamander Hospitality luxury hotels and resorts, part-owner of three sports teams in the NHL, NBA and WNBA, and a producer of several acclaimed independent films, including Lee Daniels’ The Butler.

Women are starting businesses more than ever. Women now own 30% of all U.S. businesses, with 14% controlled by black women. The total number of firms owned by women is 9.4 million, of which 1.3 million are owned by black women, generating $52.6 billion in revenues.

[Related: Black Women Business Owners Outpace All Other Startups Six Times National Average]

In her book, Krotz describes how women business owners can harness characteristic female strengths and clear the hurdles of female-specific weaknesses. She also identifies missteps women often make during negotiations. For those seeking to raise seed money or venture capital, Krotz also addresses what male funders look for when evaluating women-led startup.

“As entrepreneurs, women can rely on their distinctive experiences and values to build lives of parity, purpose, passion and prosperity,� explains Krotz. “This inspirational call to action includes female-friendly plans and tools to enable women to chart their own futures and pursue lives of satisfaction.�

The 5-part, 15-chapter book with a  23-page resource section also got a stamp of approval by Susan G. Duffy (executive director of The Center for Women’s Entrepreneurial Leadership at Babson College) and Joanne Wilson, ‘Gotham Gal’ angel investor and co-founder of New York’s Women Entrepreneurs Festival.

The five parts hone in on such topics as looking through a gender lens, using gender tools to grow and linking to the crowd. There’s also a 23-page resources section of female-friendly online tools, boot camps, venture capitalists and networking groups.

Krotz has been investigating the payoffs and challenges of small business owners, particularly women-led firms, for years. She’s interviewed hundreds of male and female entrepreneurs as a national magazine editor, author and journalist, online small business columnist and host of a Web radio show.

Black History Month: Sheila C. Johnson, CEO of Salamander Hospitality

Sheila C. Johnson, best known as co-founder of Black Entertainment Television, made history in more ways than one. Not only is she one of the few African American women billionaires, she’s also the first African American woman to be owner or partner in three major professional sports franchises—the NHL, NBA, and WNBA. She is the current CEO of Salamander Hospitality.

Microsoft Board Chair John W. Thompson’s ‘Fireside Chat’ a Highlight of Wall Street Project Annual Gala

It has officially been announced that Microsoft Corp. Chair and CEO of Virtual Instruments, John W. Thompson, will speak and be honored at the 19th annual Rainbow Push Wall Street Project Economic Summit in New York Feb. 16–18, 2016, at the Sheraton New York Times Square Hotel. Thompson is a trailblazer who makes diversity and inclusion a priority, breaks barriers, and develops the best talent for business success.

Founded in 1996 by Rev. Jesse L. Jackson Sr., the Wall Street Project advocates for equal opportunities for culturally diverse employees, entrepreneurs, and consumers in the financial sector, while challenging corporate America to end the multibillion-dollar trade deficit with minority vendors and consumers. Hundreds of corporate executives, minority entrepreneurs, and community leaders are expected to convene during the three-day economic summit as Thompson will be featured in a “fireside chat” during the event gala on Feb. 17, 2016.

Thompson is CEO of Virtual Instruments, a tech company that delivers the industry’s leading analytics platform for IT Infrastructure Performance Management, VirtualWisdom®. He formerly was Chairman and CEO of Symantec Corp., a company he transformed into a leader in security, storage, and systems management solutions.

He joined the Microsoft board in 2012 and was appointed to replace founder Bill Gates as Microsoft board chair in February 2014.

In addition to honoring Thompson, the Wall Street Project Economic Summit will also honor entrepreneur and philanthropist Sheila C. Johnson, founder and CEO of Salamander Hospitality and co-founder of Black Entertainment Television; and Bernard J. Tyson, chairman and CEO of Kaiser Permanente, the largest managed healthcare organization in the U.S.

“We are delighted that John Thompson, Sheila Johnson, and Bernard Tyson will be joining us, for they represent what the Wall Street Project is all about and working to accomplish,” says Rev. Jackson. “Thompson leads one of the most powerful tech companies in the world, while Tyson heads the largest healthcare organization in the country. At the same time, Sheila Johnson is the consummate entrepreneur and philanthropist who not only co-founded BET and became a billionaire, but who went on to build a hospitality company that stands apart due to her keen business sense and astute leadership. Each is an example of what we can accomplish when diversity is a priority as a business strategy. That is what the Wall Street Project is all about. It is not an end in itself, or a means to an end, but an evolutionary process,” says Jackson.

In addition to its honorees, the Wall Street Project Economic Summit will feature the following speakers: Sen. Chuck Schumer (D-NY); Rep. Maxine Waters (D-Calif.), ranking member of the House Committee on Financial Services; the Honorable Michael Frerichs, Treasurer for the State of Illinois; the Honorable Scott Stringer, Comptroller for the City of New York; and the Honorable Kurt Summers, Treasurer for the City of Chicago. Also confirmed to participate are John Rogers, president, CEO, and chief investment officer, Ariel Investments; Suzanne Shank, president and CEO, Siebert Brandford Shank & Co.; Johnny C. Taylor, president and CEO, Thurgood Marshall College Fund; Dr. Calvin O. Butts III, Senior Pastor, Abyssinian Baptist Church.

Register now to attend the 19th Annual Wall Street Project Economic Summit to be an advocate for prosperity and change. For more information on the Summit and the work of the Rainbow PUSH Coalition and Citizenship Education Fund, be sure to visit www.rainbowpushwallstreetproject.org.

Microsoft Board Chair John W. Thompson’s ‘Fireside Chat’ a Highlight of Wall Street Project Annual Gala

It has officially been announced that Microsoft Corp. Chair and CEO of Virtual Instruments, John W. Thompson, will speak and be honored at the 19th annual Rainbow Push Wall Street Project Economic Summit in New York Feb. 16–18, 2016, at the Sheraton New York Times Square Hotel. Thompson is a trailblazer who makes diversity and inclusion a priority, breaks barriers, and develops the best talent for business success.

Founded in 1996 by Rev. Jesse L. Jackson Sr., the Wall Street Project advocates for equal opportunities for culturally diverse employees, entrepreneurs, and consumers in the financial sector, while challenging corporate America to end the multibillion-dollar trade deficit with minority vendors and consumers. Hundreds of corporate executives, minority entrepreneurs, and community leaders are expected to convene during the three-day economic summit as Thompson will be featured in a “fireside chat” during the event gala on Feb. 17, 2016.

Thompson is CEO of Virtual Instruments, a tech company that delivers the industry’s leading analytics platform for IT Infrastructure Performance Management, VirtualWisdom®. He formerly was Chairman and CEO of Symantec Corp., a company he transformed into a leader in security, storage, and systems management solutions.

He joined the Microsoft board in 2012 and was appointed to replace founder Bill Gates as Microsoft board chair in February 2014.

In addition to honoring Thompson, the Wall Street Project Economic Summit will also honor entrepreneur and philanthropist Sheila C. Johnson, founder and CEO of Salamander Hospitality and co-founder of Black Entertainment Television; and Bernard J. Tyson, chairman and CEO of Kaiser Permanente, the largest managed healthcare organization in the U.S.

“We are delighted that John Thompson, Sheila Johnson, and Bernard Tyson will be joining us, for they represent what the Wall Street Project is all about and working to accomplish,” says Rev. Jackson. “Thompson leads one of the most powerful tech companies in the world, while Tyson heads the largest healthcare organization in the country. At the same time, Sheila Johnson is the consummate entrepreneur and philanthropist who not only co-founded BET and became a billionaire, but who went on to build a hospitality company that stands apart due to her keen business sense and astute leadership. Each is an example of what we can accomplish when diversity is a priority as a business strategy. That is what the Wall Street Project is all about. It is not an end in itself, or a means to an end, but an evolutionary process,” says Jackson.

In addition to its honorees, the Wall Street Project Economic Summit will feature the following speakers: Sen. Chuck Schumer (D-NY); Rep. Maxine Waters (D-Calif.), ranking member of the House Committee on Financial Services; the Honorable Michael Frerichs, Treasurer for the State of Illinois; the Honorable Scott Stringer, Comptroller for the City of New York; and the Honorable Kurt Summers, Treasurer for the City of Chicago. Also confirmed to participate are John Rogers, president, CEO, and chief investment officer, Ariel Investments; Suzanne Shank, president and CEO, Siebert Brandford Shank & Co.; Johnny C. Taylor, president and CEO, Thurgood Marshall College Fund; Dr. Calvin O. Butts III, Senior Pastor, Abyssinian Baptist Church.

Register now to attend the 19th Annual Wall Street Project Economic Summit to be an advocate for prosperity and change. For more information on the Summit and the work of the Rainbow PUSH Coalition and Citizenship Education Fund, be sure to visit www.rainbowpushwallstreetproject.org.

7 Black Women of Power in Sports You May Not Know But Should

When we think women of power we don’t get industry specific. We imagine these powerful women taking any and all industries by storm—sports included. BlackEnterprise.com celebrates these women who hold positions in executive suites all across this male-dominated industry. These women have broken barriers, raised the bar, and shifted perspective when it comes to who calls the shots in athletics.

[Related: Your Inner ‘Woman of Power’ is Calling; Answer Her Today]

Celebrate the accomplishments of all women of power at the 2016 Black Enterprise Women of Power Summit, March 9–12, 2016, Hilton Diplomat Resort & Spa, Hollywood, Florida. Experience firsthand the shift that takes place when more than 800 like-minded women gather with the unified purpose of knowing their worth, owning their truth, and embracing their power. Register now at an early-bird rate.

Follow Black Enterprise on social media @BlackEnterprise for Women of Power news, highlights, and updates. Use hashtag #BEWPS to stay in the loop. Be on the lookout at BlackEnterprise.com as speakers, activities, and sessions are announced.

(Image: Laurel Richie)

Laurel Richie

Richie is currently the president of the Women’s National Basketball Association (WNBA). Prior to her current position, Richie served as chief marketing officer and senior vice president for Girl Scouts of the USA. Before taking on her executive roles, she spent 20 years working for ad agency Ogilvy and Mather. Richie is a trustee of Dartmouth College where she serves as vice chair and chairman of the communications committee.

(Continued on next page)

7 Black Women of Power in Sports You May Not Know But Should

When we think women of power we don’t get industry specific. We imagine these powerful women taking any and all industries by storm—sports included. BlackEnterprise.com celebrates these women who hold positions in executive suites all across this male-dominated industry. These women have broken barriers, raised the bar, and shifted perspective when it comes to who calls the shots in athletics.

[Related: Your Inner ‘Woman of Power’ is Calling; Answer Her Today]

Celebrate the accomplishments of all women of power at the 2016 Black Enterprise Women of Power Summit, March 9–12, 2016, Hilton Diplomat Resort & Spa, Hollywood, Florida. Experience firsthand the shift that takes place when more than 800 like-minded women gather with the unified purpose of knowing their worth, owning their truth, and embracing their power. Register now at an early-bird rate.

Follow Black Enterprise on social media @BlackEnterprise for Women of Power news, highlights, and updates. Use hashtag #BEWPS to stay in the loop. Be on the lookout at BlackEnterprise.com as speakers, activities, and sessions are announced.

(Image: Laurel Richie)

Laurel Richie

Richie is currently the president of the Women’s National Basketball Association (WNBA). Prior to her current position, Richie served as chief marketing officer and senior vice president for Girl Scouts of the USA. Before taking on her executive roles, she spent 20 years working for ad agency Ogilvy and Mather. Richie is a trustee of Dartmouth College where she serves as vice chair and chairman of the communications committee.

(Continued on next page)

2014 Black Enterprise Woman of Power: Sheila Johnson is Making History in Sports

sheila johnson

As CEO of Salamander Hotels and Resorts, a hospitality company she founded in 2005,   Johnson oversees luxury properties, including three Florida golf and family resorts reaching from the Gulf to the Atlantic – Innisbrook Resort in Tampa Bay, Reunion Resort in Orlando, and Hammock Beach Resort in Palm Coast.

Furthermore, Johnson is vice chairman of monumental sports and entertainment and president and managing partner of the WNBA’s Washington Mystics. She is the only African American woman to have ownership in three professional sports teams, including the NBA’s Washington Wizards and the NHL’s Washington Capitals. Johnson is founding partner of Black Entertainment Television.

Stay tuned for more profiles in Black Enterprise’s Women of Power issue.

Embrace Your Power: The Moment is Now! Attend the Black Enterprise Women of Power Summit hosted by State Farm, Feb. 26 to ­March 1, 2014, at Boca Raton Resort and Club, a Waldorf Astoria Resort, Boca Raton, FL. This exciting, executive leadership summit is designed to train, equip and encourage women to become industry leaders, learn career strategies, and discover proven work­-life balance techniques. Register today!

Brett Johnson, BET Founders’ Son, Launches Mens Footwear and Clothing Collection

brett johnsonSeptember’s New York Fashion Week is one of the biggest gatherings around the runway featuring new collections from household names and up-and-coming designers. Fittingly, Brett Johnson is a rising designer in town to promote his new menswear clothing line.

The 23-year-old founder and creative director of the Bethesda, Maryland-based Brett Johnson Collection is taking entrepreneurial cues from, and following in some powerhouse footsteps, his billionaire parents. He is the son of BET co-founders Robert L. Johnson, chairman of The RLJ Companies, and Shelia C. Johnson, CEO of Salamander Hotels and Resorts and Chair of the Board of Governors of Parsons, the New School for Design in New York City.

Johnson’s collection of men’s apparel and footwear includes fashion sneakers, polo shirts and T-shirts, and outerwear that were crafted in Florence, Italy. His outerwear include recognizable tailored fashions like classic pea coats, but also cater to the more creative customer with items like a quilted leather hoodie, wool and leather vests, and a biker jacket. Prices range from $225 to $300 for low-top and high-top sneakers to $500 and $1,675 for jackets.

As a designer, Brett Johnson has always been passionate about fashion, sports, and entertainment. He has worked with Italian automaker Ferrari, one of the world’s most iconic brands. While most first-time designers have their garments made in China, Johnson’s manufacturers in Italy and New York-based G-III Apparel.

He started working with long-time family friend Morris Goldfarb, chairman and CEO of G-III Apparel, about three years ago when he began building his collection. He was referred to an Italian outerwear firm by his mother who also has a line of scarves produced in factories throughout Italy.

“I honestly think that’s where you get the best quality,” Johnson says. “China’s good at copying, Italians are the best with their hands, materials, fabrics. You name it, they do it the best.”

As for offering advice to other aspiring designers, Johnson stresses the importance of picking manufacturing and business partners carefully, people you can work with and who will help ensure you’re comfortable with the relationships both financially and personally.

“The idea is to select someone you can trust, who will not take advantage of your ideas or vision and will be a part of what you are trying to build,” he says.

Jonson hopes to appeal to buyers from young professionals to celebrities like Jay-Z and David Beckham. He wants to provide a fashion line that’s a happy medium between street wear and dapper suit and tie.

Johnson’s line is being launched when men are buying at higher levels than women. Moreover, insiders say that there is a great opportunity in the industry for Johnson to offer a brand that fills a gap say between Sean John and Ralph Lauren.

BET Co-Founder, Speaks Her Mind about Direction of Network

From EurWeb

Sheila Johnson, one of the co-founders for the BET Network, spoke at the “Conversations and Encounters” program at the Carmel Art and Film Festival in Monterey County, Calif. this weekend. She spoke about her achievements, and disappointments with BET since it was sold.

“I think we squandered a really important cable network, when it really could have been the voice of Black America. We’re losing our voice as a race as a result,” she said.

Read more at EurWeb