Category Archives: WBDC- Minnesota

Five Sure-fire Business Building Tips from Top Women Entrepreneurs

What does it take to not only survive but thrive as a business owner? Who better to ask than the two entrepreneurs who will be honored at the WBDC’s 27th Annual Entrepreneurial Woman’s Conference on September 26th!

Carolyn Gable, CEO of New Age Transportation, Distribution & Warehousing Inc., will receive the Entrepreneurial Woman of the Year award, and Lili Hall, president and CEO of KNOCK, inc., will receive the Entrepreneurial Woman of the Year – WBE Success award. Here, they give us a taste of the business-building tips they’ll share at the 27th Annual Hall of Fame Awards Luncheon.

  1. Be positive and believe! A business owner’s biggest challenge — to stay positive –starts “on the day you have your first thought about business ownership,” according to Carolyn.

    Carolyn Gable

    “It’s easy to stay positive when the phones are ringing off the hook, but expect many ebbs and flows along the way,” she continues. “Being a business owner means taking on the huge responsibility of always ‘knowing’ that things will work out.”

  2. Never take anything for granted. Lili, who self-financed the launch of her ad agency during the 2006 recession, admits she wasn’t always sure the business would survive. Today, after having lived through two recessions, she believes that maintaining an attitude of appreciation helped get her through the toughest times. “I’ve learned that having patience, perseverance and the right attitude always prevail,” she affirms.
  3. Let go of your ego, and don’t be ruled by emotions. Carolyn recalls angrily walking away from a lucrative piece of business because the client was reluctant to pay her what she believed to be was a fair commission. As she climbed into her car to leave the meeting, she realized that she hadn’t handled the situation properly. “Silly to ever let your ego or emotions rule in those situations,” she states.
  4. Hire the best employees you can afford.

    Lili Hall

    Lili suggests surrounding yourself with a collaborative team of people who are entrepreneurial in spirit and who are as passionate about the business as you are. You want employees who “are open to smart, new ways of doing things,” she says.

  5. Never ever give up. “Just when you least expect it, your next big account or big sale is on its ways to you,” Carolyn affirms. “Your next miracle is just a phone call or an email away!”

Ready for your own miracle? Then don’t miss the WBDC’s 27th Annual Entrepreneurial Woman’s Conference, Women’s Business & Buyers Mart. Online registration is closed, but you can register at the door!  See you there!

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Filed under #EWC27, Business Leaders, Uncategorized, WBDC, WBDC- Minnesota, Women Business Owner

WBDC 4th Annual Technology Makeover Contest Winner – Rebecca Fyffe, ABC Humane Wildlife

We are all familiar with pigeons, especially those of located in the metro Chicago area.  And we all tend to have the same feelings about them – “gross, get rid of them.”  One Women’s Business Enterprise (WBE) is making that happen: ABC Humane Wildlife. The company is led by Rebecca Fyffe who serves as the president and submitted the winning Women’s Business Development Center (WBDC) Technology Makeover Competition.

2013 marked the first year the WBDC Technology Makeover Competition was offered on a national scale and only to Women Business Enterprise National Council (WBENC) Certified WBEs.  The WBDC received applications from California to Florida and found there continues to be a need for updated technology within businesses of all sizes.

Rebecca’s organization has big plans for the software and hardware they won:

“The WBDC’s Technology Makeover is the best thing that could ever happen to my company. It would allow me to make a powerful and instant change that I estimate would increase my leads by 40 percent or more immediately! Within 90 days of having new hardware (server and workstations) ready to run our custom software, we would have the program in place just in time for the peak breeding season for most of Illinois’ animals as well as peak nest building season for bees.”

tech makeover

From L-R: Mark Key, CDW; Rebecca Fyffe, ABC Humane Wildlife; Carol Dougal, WBDC

ABC Humane Wildlife was announced as the winner of the Competition at WBENC’s 2013 National Conference & Business Fair in Minneapolis in June.  As a part of the prize package, Rebecca received hardware, software and marketing services from AT&T, CDW, Market M and Microsoft, as well as tickets to the WBDC’s 2013 Entrepreneurial Woman’s Conference and WBENC’s 2014 National Conference.

For more information on ABC Humane Wildlife, please click here.

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Filed under Business, Technology, Uncategorized, WBDC News, WBDC- Minnesota, WBE, Women Business Owner, Women in Business

Celebrating Women Business Successes in Minnesota

The Women’s Business Development Center-Minnesota (WBDC-MN) is celebrating its 10th Anniversary in 2013.  To commemorate this milestone, as well as Women Business Enterprises (WBEs) and WBDC-MN corporate partners, and the Women’s Business Enterprise National Council (WBENC) National Conference & Business Fair coming to Minneapolis this June, the WBDC-MN held its 7th Annual Celebration of Success.

Attendees were honored to hear from MN Senators Franken and Klobucher as they addressed the crowd via video.  Both spoke of the great things the WBDC-MN is doing for women business owners and the work that is still ahead. See the videos below:

 

The Celebration of Success was held earlier this year and honored truly deserving individuals and companies that support the growth of women’s business ownership.  Awardees included:

WBDC MN Pic of Award Winners

The WBDC-MN honored the achievements and success of local women entrepreneurs and supporters of women’s economic development, including (from left) Lisa Holter, shareholder, Fredrikson & Byron, P.A., Advocacy Award; Lynne Alexander, chairman and CEO, The Bureau of Engraving, Inc., WBE of the Year Award; Kelly Wold Smith, owner/president, Futura Marketing Inc., Giving Back Award; and Molly Larsen, supplier diversity senior manager, Best Buy, who accepted the Corporate Partner of the Year Award on behalf of the corporation.

  • WBE of the Year Award to Lynne Alexander, chairman and CEO, The Bureau of Engraving, Inc for her company’s success in leveraging its WBE status to secure business, and for outstanding contributions to the community and WBDC-MN.
  • Corporate Partner of the Year Award to Best Buy, for its outstanding commitment to supplier diversity and the utilization of women-owned businesses in its supply chain. Best Buy’s supplier diversity senior manager Molly Larsen, who accepted the award on behalf of the corporation, spoke of the evening and the award:

“Our program is relatively new so it is great for our team to be recognized for all the hard work we done over the past three years. The snowy weather didn’t keep folks away! The turnout, the food and the venue were fantastic.”

  • Giving Back Award to Kelly Wold Smith, owner/president, Futura Marketing Inc., for extraordinary contributions to the success of the WBDC-MN, its certified WBEs and the women’s business community.   Kelly says of the award:

“It is a milestone for me to have made it to a place where I can help others –I am so honored to be in a position where I can be honored for my contributions to a wonderful organization like the WBDC.”

  • Advocacy Award to Lisa Holter, shareholder, Fredrikson & Byron, P.A., for strong commitment to women’s economic development and long-standing, generous support of the WBDC-MN.

The WBENC Regional Host Committee, featuring top WBE companies from throughout the WBDC’s nine state Midwestern region, was also introduced through the video below, created by Lili Hall, Host Committee member and president/CEO of KNOCK Inc.!  Learn more about the Host Committee here: http://www.wbenc.org/wbencconf/conf-host-committe.php.

Will we see you at the WBENC National Conference & Business Fair in Minneapolis June 25-27th? Best Buy’s Molly Larsen will be there and is looking forward to the conference, “I am always inspired by the dedication, talent, determination and creativity of the WBEs. They inspire me to continue to improve the program at Best Buy and find opportunities to purchase from them.”  Plus, Futura Marketing’s Kelly Wold Smith will “absolutely” be there, and suggests if you’re planning on attending to see “the lakes – I live in the western suburbs and personally I don’t think a summer trip to the Twin Cities is complete without a boat cruise on Lake Minnetonka!”

Click here to see more pictures from the celebratory evening.

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Filed under Special Events, WBDC- Minnesota, Women Business Owner, Women in Business, Women's History Month

5 Tips for Attending Trade Shows & Government Fairs

On April 25th, the WBDC-Minnesota office will be working with the U. S. Small Business Administration Minnesota District Office and the Minnesota Procurement Technical Assistance Center (PTAC) to support a Government Procurement Fair.  Below are tips to make any procurement fair a success for you!  If you’re interested in registering for the free government procurement fair in Minnesota, click here.

    1. Do your homework.  Study the list of exhibitors
      from the trade show/fair brochure, identify prospects and create a targeted hit list.

      • The contacts that are most important to you should be your first stop.  People in the booths are more alert and patient in the morning.  In fact, if you can arrive early to meet with those key contacts, you may beat traffic.
    2. Budget sufficient time and resources. Trade shows/fairs often have many components, including workshops and matchmaker meetings, so be sure to block half a day or the entire day, and possibly bring your sales force.
      • Make sure to take note of already scheduled appointments – do not skip an appointment!  If you must miss your appointment, provide adequate notice to your contact to ensure they can fill the spot and maintain a good relationship.
      • Also include time for new opportunities when budgeting your time.  You never know what’s out there for you and your business until you explore!
    3. Bring lots of business cards.
      • Always overestimate the number of business cards you need.
      • Ensure your card includes all the essential information including: name, title, company, website, work number, business address, and if this information doesn’t explain what your company does, be sure a one line description somewhere on the card.
      • Before you hand your card over, put the date of the fair on it to give a point of reference to the recipient.
    4. Look and act professional.
      • Taking the time to do your homework will give you an edge, as knowing what different agencies do can help you act more professional.  Being able to ask smart questions, as opposed to “What do you buy?” is essential.  You should already know what the agency buys before approaching the table.
      • Dress in a manner that distinguishes you while still being professional.
    5. Don’t forget to follow up with your new contacts and act on items you promised.
      • By taking quick action and touching base with new contacts you show that you have initiative and take seriously what you discussed.  Keep in mind the people working at the fair see hundreds of individuals in one day – make sure they see you again a few days later in their inbox or voicemail.

What else do you find useful when attending procurement fairs?  What about business expos and conferences?  Take a look at our article on how to have effective outreach during those as well!

Contributing Author: Natasha Fedorova, Program Director, WBDC-Minnesota

Source:  Bradt, Judy “2010 OSDBU Tips Want More Government Contracts in 2010?” 2010 PDF file

For more tips on how to make the most productive use of your visit to a Procurement Fair, please visit http://www.summitinsight.com/blogviewd.asp?id=93.

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Filed under Business, Business Leaders, Entrepreneur, Established Business, Marketing, Procurement, SBA, Small Business, Special Events, WBDC, WBDC- Minnesota