Women Are Winning In These Areas Of Business

Women entrepreneurs are on a roll, with female-owned enterprises growing at a rate five times the national average in the last nine years, according to The 2016 State of Women-Owned Business Report. They now contribute over $1.6 trillion in business revenue.

Image source: Pixabay.com

Here are five trends in business that show it’s actually a woman’s world, as reported by Inc.com.

Winning the pitch

Female-run agencies are receiving more requests for proposals (RFPs) and showing up more often in conference rooms formerly dominated by men. And they are actually winning more pitches than in just a decade earlier.

Diversity vendors participating more

More corporations are required to award a percentage of their vendor contracts to so-called “diversity” vendors, used to be known as “minority owned” in the business world. This trend is being furthered by providing certifications that make women-owned businesses eligible for a coveted seat at the table.

Using feminine intuition

If men are bagging deals through the ways of the good ol’ boys club (such as over the golf course or a bottle of scotch at a bar), women are trusting their intuition and using it to enhance their business skills. They tell it like it is and demonstrate the classic confidence that comes with their femininity.

Engaging in business more than ever

In the United States alone, over 9.4 million companies are women-owned, generating $1.5 million in sales as of 2015. These numbers are only expected to climb year over year, hopefully evening the traditionally sexist score.

Being recognized by company decision makers

Women leverage their role as everyday decision makers, taking the lead in purchase decisions and other decisions in the household and business. An overwhelming rate of women also participates on social media, influencing other women’s purchase decisions. This way, the higher-ups in business organizations are recognizing their value even more each day

Image source: Pixabay.com

Steve Sorensen is an investment strategist and business blogger who is a longtime resident of Des Moines and holder of an undergraduate degree from the Iowa State University. Read more about business and investment strategies on this page.

Business thriving: When a company sheds its startup status

How does one say that a business is a startup or something more than that? Does it have any-thing to do with size, net income, and years in the business? A lot of us have seen and recognized startups, but we can’t really define what sets them apart from bigger companies. And some companies still have the “startup mentality” even after they have supposedly outgrown the sta-tus. Here’s how we can say a company has left its startup status. 

Image source: thecardexaminer.com 

More employees If the company has around thirty full time employees (which has doubled or tripled after its in-ception), it’s safe to say that its startup status is over. And when a company has satellite offices and branches, it is no longer considered a startup. Instagram is an example of a startup gradu-ate, having started with 12 employees, with its team exponentially multiplying after its acquisi-tion by Facebook. 

Stable finances A lot of businesses often make ends meet just to sustain operations. This might mean salary and budget cuts. But when the business can pay its employees well (with benefits) and makes great profit, it is no longer a startup. 

Brand recognition When a business does not need to boast about its awards, client base, and other notable achieve-ments; and is known for their unique branding, it is no longer a startup. 

Image source: itnewsafrica.com 

Hi there, I’m Steve Sorensen, a networth and business blogger. Check out this pagefor more business news.

Know Your Value: Here’s How to Calculate Your Company’s Net Worth

A company’s net worth is its overall value in a specific time and date. Calculating it is not as hard as it seems. The calculation applies to sole proprietorship, large corporations, and other kinds of companies. Business leaders and owners must remember, however, that the value of a company changes. A particular net worth value is only true at a specific point in time.

Here’s a guide on how to calculate a business’ net worth.

Image source: time.com

First, add all of the company’s asset. Current assets include investments, account receivables, cash, and other kinds of assets that can be converted into cash equivalents. When doing this, the current value should be used in the computation.

After adding all the current assets, add all short- and long-term liabilities. Bills, accounts payables, and loans are included here.

Image source: martabrisco.com

Subtract the total value of liabilities from the assets. The result is called the company’s net assets or net worth during the time of computation. If the company has common stocks or a good investment portfolio, its net worth can change only hours or minutes after this is done. For easier tracking, net worth calculations do not need to be too detailed. For corporations, the net worth result should be compared with its stock value and retained earnings.

Hi, I’m Steve Sorensen. I write a lot about companies’ net worth, investments, and other business topics. Follow me on Twitter for the latest business news.