Christine Syquia's Blog

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Women Start Business in Record Numbers in 2009

The United States has seen many women making it to the top and becoming successful leaders. This is despite the fact that the environment these women grew up in might not have facilitated their direct access to the business world or provided these women role models in which to emulate. Nevertheless, many women have managed to learn enough about conducting a business and leading a team through education and mentoring.

Although in most cases women are still the ones who manage the household and would not normally have the time that running a business requires, many have set their priorities straight and have successfully entered the business world. Recent statistics show that women are starting businesses in record numbers and bringing significant changes to an environment which, not too long ago, seemed to be structured primarily for men and their ways of thinking and working.

Until recently, very few women have managed to succeed as business leaders. Be it for the disturbing lack of flexibility, men’s solidarity in business or women’s lack of confidence in their skills and abilities as leaders, the reality is that not many women have succeeded to in leadership roles. Moreover, in the absence of any grants from government agencies, women have to turn to private and non-profit organizations for assistance in starting a business. And, unfortunately, such grants often address minority women or women that come from economically disadvantaged communities. In spite of a nationwide network of programs and centers that offer business training, assistance and educational resources specifically for women, the actual business opportunities women are presented with are not too numerous.

Despite all these major drawbacks, what we are witnessing today in the business world is something that many would consider surprising, to say the least. Things are changing and evolving rapidly to an unprecedented presence for women in the business environment. Statistics show that over 23 million people in the United States (approximately 16% of the workforce) are now employed by women-owned businesses. This is almost double the number of employees that the biggest fifty companies in the U.S. have altogether. In addition to this, women-owned businesses generate $3 trillion in revenue and are tantamount to the fifth-largest gross domestic product on a global scale.

The first question that comes to mind is “Why are women starting their own businesses?” The most obvious reason would have to be “Because they want to be financially independent.” We all know that depending on someone else for everything you need, from the food you put on the table and the clothes you wear to going on vacation or buying gifts for the holidays can be frustrating at times. All women feel the need to indulge themselves on their whims every now and then, and not all of them have the chance to do so, as long as they depend on someone else for money. Of course, it’s not a question of housewife versus business leader. Women are now almost half of the nation’s workforce, which means that most of them have a steady income source and are able to provide for themselves and their families. But this is not the kind of financial independence I’m talking about. I am referring to the cashflow that a profitable business can generate, to no longer depending on a monthly paycheck and to not being forced to give up on many of your wishes and ideals. And if we take into account the fact that a woman’s average salary is around 75 percent of that of a man’s, it makes all the more sense for women to consider owning a business.

Could it be that women business owners saw a challenge in starting their own businesses and being successful like so many men before them? This too is a plausible reason. Now that equality between sexes is no longer an issue (except for maybe some remote parts of the world), women have the opportunity to prove that they are just as capable as men when it comes to setting up and fueling the growth of a profitable business. Many have succeeded and a lot more are attempting to.

Flexibility at their workplace and family-friendly benefits are yet another reason why women are considering business ownership. It is very difficult for a working mom to find the perfect balance between family life and career. Very few companies allow for family leaves or sick days, and even fewer provide their employees with high quality childcare. It is only natural that women try to relieve these burdens and attempt to set up an environment where such benefits would no longer be an issue. Given the minuses of the current employment market, it is safe to say that many women have chosen to start a business as a lifestyle choice. Everyone would like to have the flexibility that comes with being self-employed. Under these circumstances, there is little wonder why the number of women-owned businesses has seen such an astounding growth over recent years.

As I stated earlier, most women are the managers of their household and families. Statistics show that approximately three quarters of the decisions regarding purchases for the household are made by women. And in most cases, they do a great job managing everything around the house. Many women have decided to take a step forward and use this innate talent or acquired skill of juggling multiple tasks simultaneously, with the purpose of running a business of their own. The number of women starting businesses nowadays is almost three times the rate of men. Whatever the reasons for this growth may be, I am certain of one thing-we should all welcome this rise in the number of women-owned businesses for several reasons.

For one, women are more oriented towards communication than men and more likely to build stronger relationships with everyone around them, including the people they work with. Women feel the need to be part of a community more than men do, and a working community led by a woman is therefore more likely to be based on friendship and support.

Moreover, in most cases, women-owned businesses are closer to the kind of company that respects its employees’ needs. All the benefits I was mentioned earlier (sick leaves, daycare and family leaves) are more likely to be found in women-owned businesses. All in all, not everyone might think that the days of women as housewives are long gone, but the statistics beg to differ. Women start businesses in such record numbers that it is safe to say that women-owned businesses will play a major in the economic recovery.


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December 28, 2009 Posted by | Uncategorized | , , , , | Leave a comment

Why I Never Thought I Would Work for a Network Marketing Company

I certainly believe that much in life is destiny.  Certain things are left to chance such as finding love or meeting great friends. Other things may be helped by destiny but are generally preordained by preparation.  I am now working for Donald J. Trump with his new network marketing company called The Trump Network. Never in a million years would I have thought that I would have been able to work for him especially in the manner that I do-working as much as I want, with freedom to do as I please and a great income.

My school years were very traditional as I went to a good high school, studied, did decent on my SAT’s and went into a four-year university.  I changed majors three times but finally settled on one thing that I always loved-art history.  As I was rounding my fourth year in college (I did the 5-year plan) I figured I needed to focus on one thing. It was more important for me to just graduate with a degree.

After college I worked for a variety of companies trying to find my way. Five years after college my sister and I started a handbag company which became very successful very quickly.  That company ran for about 6 years and when I left it, I had to decide what to do next.  I had always worked very hard but was getting kind of tired with all the working. Like many people, I had worked nonstop since I was 16. During college, I worked 30+ hours a week while taking 20 units! I was always juggling and multi-tasking ever since I could remember.  I decided to take a little break but financially, I could not rest forever. After all, I am years away from a traditional retiring age. 

Six months into my new schedule, a friend calls me up with excitement in her voice. All I could get from the conversation was Donald Trump, a ‘leap of faith’ and pre-launch.  This friend had always been involved in network marketing and frankly I was not excited to hear what she had to say. But she was persistent and I did sit down one day to listen to the opportunity.  It seemed too good to be true.  

 I did my due diligence and checked everything out. I did a lot of research on the company and on network marketing as a whole  and decided to jump in.  As I wrote earlier, my background was traditional. Both of my parents worked at their jobs for thirty years and retired from their companies with great pensions.  My parents thought it was a leap of faith when we started the handbag company! However, I know now there are alternate ways to make money. I worked for many years sacrificing my family, my sons time and my health by keeping up a hectic pace with the handbag company.  In network marketing, one can work as many hours as one wants. Of course, if you want the big residual checks, one needs to spend time nurturing and training one’s team but it certainly is not a 60 hour week like before. 

I never thought I would be in network marketing because I did not think there was something that was so simple that could provide an income for me.  I am finished with trading my time for money and having somebody else raise my children.  As I write this article on Black Friday, I remember the years I spent working for a major department store while putting myself through college. I do not miss those days that started at 5 AM.  I love my life now and wish that everybody could see the simplicity of this business model. 

If you would like to know more about network marketing and how you can start working for yourself, feel free to contact me at Christine@ChristineSyquia.com or 323-974-6190.

November 27, 2009 Posted by | Uncategorized | , , , | Leave a comment

How to Know if You Are Mentally Ready to Start a Business

The global economic crisis has brought many hardships that seem to affect almost all the areas of our lives. It is depressing to watch the news as every week we see that the number of companies that have gone bankrupt is rising. This translates into thousands of people getting laid off each week. It has been estimated that from the start of the current global economic crisis well over five million people have been laid off from their jobs. Most of these workers are struggling to get new jobs in the same system but soon fall victim to disillusionment as they are finding that the number of job opportunities available is decreasing in front of their eyes. For these people, and also for students that are finding it difficult to get decent jobs, the idea of setting up their own businesses is more and more appealing.

There are, however, numerous considerations that need to be taken into account before taking the first steps. There are also various qualities that each potential entrepreneur needs to have in order to become successful. It is not nearly enough for a leader to possess the technical know how needed to successfully run a businesses. The business sector is definitely not for everyone. Here are some of the most important personal attributes that any leader must definitely possess in order to be successful in the business world.

The first quality is drive and determination. Determination and the will to succeed is what helps a business leader push on, regardless of the hardships he or she may encounter. Another personal attribute needed to achieve success is a positive attitude. Avoiding tough situations is not a good idea as great opportunities are not always presented on a silver platter. So a can-do attitude is a must for a leader because leaders have to take advantage of all the situations they encounter. There are numerous stresses in the business world which never change regardless of the business sector. This stress is constant and being able to handle many different situations is what makes a leader a leader.

A good business leader must be able to stay on top of his game regardless of the levels of stress he will encounter, and because stress is constant in this sector all leaders have to be able to handle this. Last, but definitely no less important than the previous personal qualities, is the business mindset. This is mandatory for any business leader to have. No one is born with the ability to lead others towards success, but it does take a strong personality.

In closing, before deciding to open a business-make sure you do your due diligence, try to have the capital to float you for a year or even two, ensure you have great business mentors and especially, make sure you have the attitude, drive and determination to make your new business a success.

November 27, 2009 Posted by | Uncategorized | , , | Leave a comment