Self-esteem is the way we perceive and value ourselves. It is a critical component of our personal well-being. But did you know that it also plays a significant role in the success or failure of your small business? For many entrepreneurs, particularly women business owners, low self-esteem can be a silent saboteur, preventing us from […]
How Small Business Owners Can Unlock AI’s Power with Effective Prompt Engineering
AI can be a game changer for businesses of all sizes, helping streamline operations, enhance customer service, and even drive new revenue streams. However, one of the keys to unlocking AI’s full value lies in understanding how to craft effective prompts—a practice known as prompt engineering. Prompt engineering is the art of creating precise, clear, […]
Are You Selling at the Right Price?
How to Understand Competition, Cost Structure, and Profitability Pricing a product or service is one of the most crucial decisions that any business owner faces. It determines whether the business will thrive, merely survive, or fail. Many small business owners make the mistake of setting prices based primarily on what competitors are charging. While it’s […]
Social Media Marketing vs. Social Media Selling
The terms “social media marketing” and “social media selling” are often used interchangeably, leading to confusion among small businesses looking to leverage social platforms to grow their brand and boost sales. While both are crucial components of a comprehensive social media strategy, they serve distinct purposes and require different approaches. Understanding the key differences between […]
How to Handle Your Afternoon Slump in Your Small Business
Managing and taking strategic breaks is essential for business owners to combat the natural dip in energy often experienced around 3 PM. This afternoon slump is a common phenomenon due to the body’s circadian rhythm, which signals a decrease in alertness and energy levels. Here’s how business owners can effectively manage this period and maintain […]
Tips to Make Discussing Fees with Prospects More Comfortable
Discussing fees with prospects can be one of the most challenging parts of the sales process, especially for women entrepreneurs. It’s a sensitive topic that, if not handled well, can lead to discomfort, misunderstanding, or even the loss of a potential client. However, with the right approach and money mindset, you can make these conversations […]
SmallBizLady Summer Reading List 2024
It’s Summer, and that means it’s time to grab to good book and grow your expertise. There are many business books that have delivered an array of insightful and actionable reads. Here are a particular set of books that I find valuable for small business owners seeking to navigate the complexities of entrepreneurship. Here are […]
Pros and Cons of Hiring Family Members in Your Small Business
It can be tricky to hire family members in your small business. It can be both rewarding and challenging. Hiring family members can bring a sense of trust, loyalty, and shared vision to your business, fostering a tight-knit team environment. However, it also comes with its own set of potential pitfalls. In this blog post, […]
The Essential Ingredients of Business Success
In business, success is not merely a destination but a journey. It’s a journey paved with challenges, opportunities, and pivotal moments that shape its destiny. While each entrepreneurial journey is unique, there are certain essential ingredients that consistently contribute to success. In business, success is not merely a stroke of luck or the result of […]
Can You Turn a Side Hustle into an Empire?
The concept of the side hustle has gained significant traction in the last few years. No one is confined to the traditional nine-to-five grind these days. Especially since 2020, people have been increasingly developing side hustles to supplement their income, pursue their passions, and, yes, even build empires. I’m asked the question often, “Can a […]
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