Wednesday, August 5, 2009

Mompreneur?

As Joel and I contemplate starting a family in the near future, I can't help but wonder how our new responsibilities will affect our business objectives. We'll be faced with new challenges and will have a whole new perspective on work/life balance. As we determine what our future will hold, it is great to know that Austin has recently been rated as the top city for working moms by ForbesWoman's first list of this kind. Below is the recent short article from Austin Business Journal. Enjoy and let me know what you think makes a great city/town for a future mompreneur!

Memo to working moms: Austin's your kind of town
August 5, 2009
Austin Business Journal

Working moms trying to balance family and the workplace may be better off in Austin than a lot of other cities around the country.

That according to ForbesWoman's first ever list of the "Best Cities for Working Mothers," which ranks Austin second, just behind No. 1 New York City.

“There are numerous considerations for what working moms want in their choice of a city,” said ForbesWoman writer Heidi Brown, who edited the list. “We based our rankings on the premise that different mothers have different needs. Beyond good healthcare and safety, mothers who work want a city which offers plentiful jobs, high salaries and abundant daycare options.”

To create the list, ForbesWoman ranked 50 of the largest continental U.S. metropolitan statistical areas by different categories, from earnings and unemployment to number of daycare and preschools and per-capita expenditure per pupil.

Rounding out the top 10 cities on the list, in order, are Minneapolis-St. Paul, Milwaukee, Portland, Cincinnati, San Jose, Pittsburgh, Seattle-Tacoma and Denver.

Monday, July 6, 2009

U.S. May See ‘Entrepreneurship Boom’

Source: Austin Business Journal

Aging baby boomers aren’t headed out to pasture — they’re starting new businesses, according to a Kauffman Foundation study that predicts the United States may be “on the cusp of an entrepreneurship boom.”

Over the past decade, Americans between the ages of 55 and 64 had the highest rate of entrepreneurial activity of any age group.

The 20-34 age bracket had the lowest rate, despite the attention lavished on youthful founders of companies such as Facebook and Google.

Job trends may increase entrepreneurial activity among older Americans.

“While people under age 30 have historically jumped from job to job, the most striking development today has been the deep drop in the incidence of ‘lifetime’ jobs among men over age 50,” writes Dane Stangler, senior analyst at the foundation and author of the study.

The past year’s economic upheavals also may produce more entrepreneurs among all age groups.

“The very idea of ‘too-big-to-fail’ institutions has been permanently damaged,” Stangler writes.

“Recent economic trends — away from lifetime jobs and toward more new companies — will thus gain even greater cultural traction. New and stronger regulations aiming to prevent the rise of such giant organizations also may help create a more market-oriented society.”

Wednesday, April 15, 2009

Debunking Freelancer Myths

This is an excellent article about what I've already learned to be true in the few months of full-time freelancing. I've been too busy lately to blog about my recent experiences (sign of booming business or maybe time mismanagement?), but wanted to get back on track now that I'm back in the Lone Star State. Enjoy this great article by Ilise Benu...

The 10 Myths Of Freelancing (And What It’s Really Like)


“I know how to do X, so I’ll just make a business out of that and life will be good.”

You probably said that to yourself when you first thought about freelancing. But if you’re totally new to the concept or have been toying with the idea a little while now, know this: It isn't quite as easy as it seems.

If you’re serious about taking advantage of the “freedom” inherent in freelancing, the only way to make it work is to be realistic, because unrealistic expectations can cause extreme disappointment. So if that’s your aim, read on and take a look at the real world of freelancing; it may save you a lot of time in the long run.

Myth #1: You’ll be a creative (or techie, or other professional) running a business. Reality: Being a successful freelancer starts with the right mindset. You must see yourself as an entrepreneur providing services, not a designer, developer, writer, or any other skilled professional making money from your skill or talent. This is a subtle but important distinction. If you see yourself as a professional who provides services, or, better yet, a solver of problems, you’ll realize that what you do commercially for others is based on their need. And focusing on the needs of the market — instead of on yourself — is a direct path to a thriving business.

Myth #2: You’ll be free to do whatever you want. Reality: Freedom is a double-edged sword. In theory, it’s true that you are free to do whatever you want, however, some of those things that you don’t want to do – like bookkeeping and marketing – are essential to the survival of your business. If you ignore them, you may singlehandedly undermine your own success. You are certainly free to do that, but it’s not a very good idea.

Myth #3: No one will tell you what to do. Reality: Your clients won’t tell you what to do the way a boss would, but it may feel that way sometimes. It may seem like they’re dictating deadlines, fees, and everything in between, unless you determine and state your own terms and conditions — like how much time you need to do a project and how and when you get paid.

Myth #4: You’ll have lots of personal time to have fun and relax. Reality: There aren’t enough hours in the day to get everything done. Besides the work, you are responsible for writing proposals, finding new work (whether on Elance or in person), following up, billing your clients, dealing with customers, and even cleaning the office (which sometimes doubles as your home). And don’t forget that everything takes twice as long as you imagine it will.

Myth #5: If you do good work, clients will flock to your door. Reality: There’s no flocking involved. Once you build it, then you have to go out and spread the word about it in a world that is already cluttered with lots of other words intent on being spread. But if you communicate what sets you apart from the competition clearly, you are more likely to get the work that is out there.

Myth #6: “My work will speak for itself.” Reality: No way. Logistically impossible. You must toot your own horn, which doesn’t mean boasting or bragging. It means getting the attention of the right people — qualified prospects — long enough to make an impression, then educating them about how you can help them. It’s called marketing.

Myth #7: You’ll only do work you love. Reality: Maybe eventually, but only if you pursue the work you love. It doesn’t just magically appear on your doorstep (See Myth #6). First you have to identify the work you love, make a plan to get it, and then follow the plan diligently over time. Until then, you’ll probably take whatever comes along.

Myth #8: You’ll have great clients you love. Reality: You may have a few clients you love, but no clients are perfect — even ideal clients. There will always be miscommunications and misunderstandings, processes to improve and problems to resolve. If you focus on improving processes with whatever clients you have, you will attract better clients because the “bad” ones will weed themselves out.

Myth 9: The “business part” is boring and difficult. Reality: The “business part” (dealing with money, business development and managing other people, even if those people are your clients) will be challenging and, yes, sometimes boring. If you’re in business to have fun, your success is not assured. But if you rise to the occasion, whatever you find difficult will certainly make you better at business.

Myth #10: You have to be a “business person” to be successful. Reality: There is no such thing as a “business person,” and labeling yourself that way can be a huge obstacle to success. There are, however, business tasks, activities, behaviors, and skills, all of which you can learn. Then you are free to practice them to your heart’s content.

Tuesday, March 17, 2009

Wishing You a Happy St. Patrick's Day!


In honor of St. Patty's Day, I wanted to share a great Irish blessing that's perfect for entrepreneurs...



May you have the hindsight to know where you've been,
the foresight to know where you're going,
and the insight to know when you're going too far.


Spend Lunch Chatting with SBA this Thursday

As a proponent of free markets and someone who doesn't expect the government to use taxpayer money to bail out folks that have made poor financial or business decisions, I still am someone who wants to be able to make educated decisions regarding all possible resources that will be available to me. So, if you are like me, you are curious as to how the new federal "economic stimulus" is intended to assist small businesses.

What SBA loan programs will be affected? Will there be tax-relief for small businesses? What is the long-term tax burden that small businesses may eventually have to take on to pay back this borrowed relief? In attempt to answer these questions and more, the SBA (Small Business Administration) will be hosting an online chat this Thursday, March 19, at noon CST.

To participate, simply click on the Online Business Chat icon on the SBA website, http://www.blogger.com/www.sba.gov. Participants can then type questions into a queue to be hopefully answered during the online chat.

Saturday, March 14, 2009

Team Hernandez Goes Full-Time

When my husband Joel and I met while working at Berman and Company five years ago, we discussed our dream to one-day run our own creative shop. Both wanting the freedom and flexibilty that self-employment provides, we waited for the day when we could start pursuing that dream.

Last summer I took a big leap, resigned from my marketing position with Dell University and accepted the invitation to serve as vice president of an interactive agency in southern California. Accepting this job meant that I'd be separated from my husband (and my friends) for weeks at a time, but anxious to see if this was the ideal job for me, I took the plunge.

Four months later, I tendered my resignation and told my husband that I was ready to "come home" to Texas. With no job to come home to and as someone who never looks backwards, I was eager to look forward and see what my next adventure would be. Having devoted much time early last year to concept and planning for my "someday" business, I realized that the "someday" had arrived. I founded Scribal Warriors in November of '08 and a couple months later, JOBSLAY.com

With Joel still working long hours in business sales at Dell he was a great moral supporter of my entrepreneurial efforts, but was unable to spend much time working on the business with me. Again, we awaited "someday" when we could both be self-employed.

Last week, Joel's "someday" arrived earlier than anticipated. Armed with optimism, aspirations, and great faith, Team Hernandez is now working full-time for Scribal Warriors.

Monday, March 9, 2009

Friend Represents Entrepreneurs at White House


A couple of years ago, Doug Imbruce (CEO of theU.net) and I collaborated on a fun marketing project to create an online video ad supporting Dell University's Slow Ass Computer Syndrome (aka SACS) campaign and a related contest. Filmed as a "caught on tape" student experience, our SACS video has had nearly 50,000 YouTube views with a 4.5 star rating.

While the project was short in duration, I really enjoyed my time working with Doug. He's a creative and motivated young entrepreneur who continues to solidify his position as a leader in marketing strategy for college-bound and college-age consumers. I've kept in touch with Doug and was excited to receive news of his inclusion in The Summit Series, "a community of the world’s most influential young entrepreneurs and innovators." Recently gathering at the White House, Doug and 34 other outstanding young entrepreneurs had the opportunity to represent the perspective and ideas of all young business owners. Below is an article with further details.
...
WASHINGTON D.C, March 8, 2009 – Thirty five of America’s top entrepreneurs and innovators under the age of 40 gathered Friday at the White House to discuss the economy with Obama administration officials.

“Our goal is to help in any way we can to pull our country out of this recession.  Uniting many young entrepreneurs in one place, with one vision was a great first step” said Doug 
Imbruce, founder and CEO of TheU.net, an online advertising network that reaches 8.7 million college-bound students and parents monthly.

“We are impressed that the White House is creating an ‘open source’ culture within the walls of government that invite ideas from outside. We hope this heralds a new era of collaboration between the private and public sectors.’

Young entrepreneurs at the White House included Twitter co-founder and CEO Evan Williams, Zappos CEO Tony Hsieh, Blackboard founder and CEO Michael Chasen, Kiva co-founder Jessica Jackley, DailyCandy COO Catherine Levene, Ecko Enterprises founder Marc Ecko, Tishman Speyer co-CEO Rob Speyer, Trump SVP Ivanka Trump, Mint.com founder and CEO Aaron Patzer, College Humor co-founder Josh Abramson, and others. The entrepreneurs met with officials of the National Economic Council and Offices of Public Liaison and Intergovernmental Affairs as well as the White House Director of New Media. They discussed their own experiences, insights, and suggestions on job creation, energy independence, and health care reform.

These White House visitors are part of The Summit Series, a community of the world’s most influential young entrepreneurs and innovators. The Summit Series strives to provide opportunities for its members to develop business, personal, and philanthropic growth through shared experience and dialogue.

Gathering throughout the year at different venues in North America, The Summit Series provides an opportunity for top young business talent to work together solving community problems. The next Summit Series summit, sponsored by GQ magazine and the United Nations Foundation, will be held April 2 though 5 in Aspen, Colorado. The 125 attendees will focus on philanthropy. Presenters for charities will include Elizabeth Gore from Nothing But Nets; Lauren Bush from Feed Projects, a company that sells bags to help feed children; Invisible Children, an organization that works to address the challenge of child soldiers in Uganda; and Ethan Zohn from Grassroots Soccer, who took his $1 million from winning Survivor:Africa to set up soccer leagues in Africa enabling children there to get tested for HIV/AIDS.