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5 People Play 1 Guitar

One person playing a guitar is impressive enough especially if that person is able to sing as well.

Now take a hit song like "Somebody That I Use To Know" and including all the different musical elements of the song, grab one guitar and five...

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LEADERSHIP QUOTE OF THE DAY (22 May 2012): People are more easily led than driven. - David Harold Fink

SUCCESS

Why Women Make Better Entrepreneurs?

In short, do women have specific skills — whether the result of biology or social conditioning — that can help them succeed as entrepreneurs?

In my experience helping entrepreneurs and small business owners launch their brands, I believe there are several traditionally “feminine” leadership qualities that are more significant now than ever.

1. Women possess strong communication skills and social intelligence. The digital economy requires these skills, and women enjoy a slight edge over their male counterparts (according to numerous studies).

2. Women make good listeners. One study found that the collective intelligence of a group rose if the group included more women. They have open minds. They’re not autocratic.”

3. Women collaborate. Women have worked well together since the earliest female enterprises, whether dividing grains in the village or working in quilting bees. Even some of today’s cultural stereotypes have legs, for instance, women’s joint trips to the restroom!

4. Women prefer lower risk. Researchers have begun focusing on the relationship between testosterone and excessive risk, thus evaluating whether groups of men spur each other toward reckless decisions.

The digital age offers a wealth of low-risk opportunities. Ventures like blogging, web-based services, ecommerce and software development require smaller upstart costs than manufacturing-based, brick and mortar type businesses. Cloud-based tools and virtual workforces further lower the cost of entry, making the idea of starting a business more feasible and/or palatable for risk-averse entrepreneurs.

On average, men-owned firms are larger than women-owned firms. In firms owned by men, twice as many have 10 or more employees, and three times as many have reached the $1 million revenue mark.

It’s up to each individual business owner to define the goals of his or her business. If a woman chooses to pursue a smaller business venture that lets her balance her business and personal life in more harmony, more power to her. It’s time we made space for the underdog — if that term even applies anymore.

Nellie Akalp is CEO of CorpNet.com.

5 Best Things Ever Said

The 5 best things every said to inspire your day, week, month or to live by...

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Focusing on Profit

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