Cautioning Advice About Starting A Business After 50
There’s something romantic about the term entrepreneurship, especially when you’re considering starting a second act. The chance to be your own boss and spend your time doing work you love may seem enticing. But it can also be reckless. “For those who choose to jump into the game when they’re 50 years old or older […]
How To Build A Family Business With A Social Mission
I love M&Ms and have since my mom tucked them inside my brown paper lunch bag to take to school for a recess snack. (It was the ‘70s.) They’re still my go-to pick-me-up on many occasions. Today, though, there’s another reason I support M&Ms’ maker, the huge family-owned business Mars: its social mission of making […]
How to Run a Successful Family Business
Rob Lachenauer, a partner and CEO at Banyan Global Family Business Advisors in Boston, says there’s one thing that makes family businesses different from all others. “In a non-family business, you can quit your job and it’s usually a career enhancing move. In a family business, you sure can’t quit your family,” Lachenauer told me. As someone […]
The Economics of Healthy Aging
I recently attended a Milken Institute Future of Health Summit panel in Washington, D.C. called Race, Gender, and Work: The Economics of Healthy Aging. The experts’ insights whizzed across a range of topics from caregiving to investing and jobs, but there was one common thread: the critical financial issues facing women. I was especially struck by […]
Facing The Financial Shocks of Widowhood
After reviewing a new survey of widows from Merrill Lynch and Age Wave, I’m worried about the wives of America, or more specifically the wives who, sadly, will likely one day experience the financial shocks of widowhood. Women are more than three times as likely as men to lose their spouse. But very few wives seem prepared […]
How Entrepreneurs Can Leapfrog to Success
Leapfrog is the title of a clever, helpful new book for women entrepreneurs by Nathalie Molina Niño, CEO and founder of BRAVA Investments. Molina Niño’s company invests in startups and supports businesses that can prove “they are creating a measurable economic benefit that puts more money in the wallets of women.” Her version of leapfrog, though, is […]
How to Choose the Right Business Credit Card
Women entrepreneurs who have trouble raising capital for their ventures and managing the month-to-month cash flow often find business credit cards especially helpful. A business credit card provides you a credit line, and, if used prudently, can help your company navigate through periods of lopsided cash flow. Plus, it can provide you a cushion between […]
Why Black Women Entrepreneurs Are On The Rise
Dell Gines, the author of an intriguing new report from the Federal Reserve Bank of Kansas City, Black Women Business StartUps, loves this quote attributed to Reid Hoffman, co-founder of LinkedIn: “An entrepreneur is someone who will jump off a cliff and assemble an airplane on the way down.” But for black women entrepreneurs, Gines quickly adds, “they do […]
Declare Your Independence and Start a Business
One of the best decisions I ever made was to declare my freedom from my full-time job as a columnist for a national newspaper and start my own business as a freelancer. That was my personal independence day, and I’ve never looked back. Since then, I’ve also become an author of numerous books, a frequent […]
Here’s What Women Want in a Financial Adviser
Shortly after we got married, my husband set up an appointment with his financial adviser for us to discuss the blending of our financial lives. It was an eye-opener. His adviser barely made eye contact with me after the initial introduction and addressed all his remarks to my husband. Bristling and insulted, I pledged never […]
