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Recent Paper Suggests Bias Against Female Entrepreneurs


When the topic of entrepreneurship is discussed the elephant in the room is often the bias against women entrepreneurs from venture and angel investors. Personally, I have not seen this bias. However, I am not naive to believe this does not happen.  Venture and Angel investors are human and subject to the same frailties and biases we all fight against. The first step in resolving any bias is to admit there is one. Everyone who is in the in the entrepreneurial sandbox is responsible to become  hyper vigilant so this does not happen. Bias toward any group is detrimental to us all. The below article describes a recent experiment which, although not conclusive, leads to concern.

Below is a small excerpt from the article which hyperlinks to the abstract on this subject.

“…a recent paper by Lyda Bigelow and Robert Wuebker of the University of Utah provides some solid evidence that investors are biased against female entrepreneurs.”

Here is the link to the full article which will give the reader pause and perhaps start discussions on that elephant in the room.

http://smallbiztrends.com/2011/02/are-venture-capitalists-and-business-angels-biased-against-female-entrepreneurs.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SmallBusinessTrends+%28Small+Business+Trends%29

 

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February 19, 2011 Posted by | Entrepreneur | , , , , , , , | Leave a comment

Keeping The End In Sight


   

Marketing Tool or Distraction

 

To paraphrase Stephen Covey, keeping the end in sight, or in the case of an entrepreneur the goal in sight, is vital to a businesses success.

 

 

 

An important tool to help an entrepreneur ‘keep the end in sight’ is to use their pro-formas as a rudder. Much like a ship being thrashed about by unruly waves, which can throw a vessel off course, so too can every day distractions. Social media, although an important tool in any entrepreneur’s tool box, can also serve as a distraction that slowly eats away at an entrepreneur’s time.

The article linked below does a superb job of outlining the steps an entrepreneur can take to use social media while still keeping the goal in view. 

“Staying focused on the measures of success which have the highest impact on sales and profits is a daily battle. Working harder, going faster, writing more, socializing more, and Facebooking more might actually become a dead-end. Social media allows a person to feed their own ego and gives them a sense of control.”

http://tinyurl.com/6g7lyot

February 3, 2011 Posted by | Entrepreneur | , , , , | 7 Comments