There are still many barriers that need to be broken when it comes to gender equality in the work place. DMG Co. Director, Megan Dynow is passionate about helping women in business and here the firm has revealed their essential skills for female entrepreneurs.
Starting a new business is a daunting task for anyone. According to the U.S. Small Business Administration, one-third of new businesses fail within the first two years and half fail within the first five years. Supporters of entrepreneurship, DMG Co. are passionate about the development of budding entrepreneurs and assisting them on their entrepreneurial journey. Here the firm has outlined the essential skills for entrepreneurs, particularly female entrepreneurs.
Goal Setting
The power of goal setting should not be under-estimated claims DMG Co. Many entrepreneurs fail at setting goals despite it being one of the most important skills necessary for business success. “Running a business can present many challenges and one of the greatest obstacles to overcome is maintaining motivation and committing to your goals,” said Megan Dynow.
DMG Co. are urging female entrepreneurs to have clear and achievable goals, providing a long-term focus and enabling them to keep moving forward and towards their goals.
At DMG Co. they believe goals should be written down, as this provides a written reminder and a point of reference to track the progression.
Time Management
“To be a successful business owner, you have to master time management,” claims DMG Co. Time management is a concept that many entrepreneurs struggle with, particularly women as they try to maintain work-life balance. Mastering the art of time management will help to maximize productivity and increase the effectiveness. Good time management skills are essential, especially in the early stages of launching a business which can be the most trying.
Negotiation
Research shows that women are less likely to negotiate. According to a survey conducted by economist Linda Babcock and researcher Sara Laschever, men initiate negotiations about four times more often than women. DMG Co. is urging female entrepreneurs to negotiate more, as mastering the art of negotiation will come in handy when they start dealing with customers and also negotiating contracts.
“Taking the time to learn a few essential skills can dramatically increase your chances of success and help prevent from succumbing to the common pitfalls,” said Megan Dynow, Managing Director at DMG Co.
DMG Co. recognizes that there is still a disproportionate number of female business owners. DMG Co. pride themselves on being an equal opportunities employer and with a female MD, the firm is committed to elevating the presence of women in the board room. At DMG Co. they assist budding entrepreneurs to realize their dream of becoming a business owner by providing them with a structured career path. Through their business development opportunity, DMG Co. provide ambitious and career-minded individuals with a full insight into the fundamentals of the business and they provide first class training in all aspects of client relations, marketing and sales strategies, motivational and public speaking, micro-management, HR / Finance and project management.
DMG Co. is an outsourced sales and marketing firm based in Providence, Rhode Island. The firm specializes in a unique form of direct marketing which allows them to work on behalf of their clients’ brands to create personalized marketing campaigns which accurately represent them to consumers. DMG Co. then take these direct marketing campaigns directly to consumers which allows them to establish long-lasting and personal business relationships between brand and consumer. The firm has a proven track record for developing young professionals into successful businessmen and women and they are passionate about providing the necessary skills and knowledge to allow budding entrepreneurs to achieve their goals.
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