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15 Small Business Owners Share What They Wish They'd Known When They First Started

15 Small Business Owners Share What They Wish They'd Known When They First Started | Women in Business | Scoop.it
This editorial feature on small business lessons is sponsored by HP.
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'I realised that to grow my business, I needed to let go and focus on what I do best -- strategic planning and business development -- and rely on experts and advisers for some of the other details,' Firestone says. 'I started to learn how to hire smart. I brought in a part-time CFO who told me I had to get away from accounting. I hired a part-time controller but didn't trust him at first, so I had him work on a duplicate system for a year. Once I learned how to effectively delegate, our growth skyrocketed at a rate of 30% to 40% each year.'

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How To: Let Go

How To: Let Go | Women in Business | Scoop.it
The entrepreneur builds a successful enterprise by overseeing everything with meticulous attention to detail. You’ve heard this story before.
It’s her vision, hard work and special skills that make the business thrive.
MCAcares's insight:

Lisa Firestone, President and CEO of Managed Care Advisors, shares insight on allowing a business to grow

" I realized that to grow this new business, I needed to focus on what I do best- strategic planning and business development- and rely on experts and advisers for some of the other details."

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Women Business Owners Feel Pinch of Government Shutdown — WIPP Legislative Update | Managed Care Advisors

Women Business Owners Feel Pinch of Government Shutdown — WIPP Legislative Update | Managed Care Advisors | Women in Business | Scoop.it
MCAcares's insight:

October 15, 2013- "WIPP member Lisa Firestone, President & CEO of Managed Care Advisors, spoke before Chair Mary L. Landrieu (D-LA) and the Senate Committee on Small Business & Entrepreneurship specifically on how the government shutdown has directly harmed her business and many like hers. “We cannot overcome the obstacles of a government shutdown, eroded consumer confidence or any question of the full faith and confidence in the U.S. Government,” said Ms. Firestone, adding, “the result will be layoffs…and we shudder to think of the consequences of Congress failing to raise the debt ceiling.”

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Small business contractors, always be a PEST

Small business contractors, always be a PEST | Women in Business | Scoop.it
One federal contractor offers some pointers to firms hoping to break into the procurement business.
MCAcares's insight:

Lisa Firestone, President and CEO of Managed Care Advisors, shares insight on entering government contracting.

 

"What I have learned is that there really is no “special consideration” but just an opportunity to level the playing field. While certifications can get your business noticed by government agencies, being a woman-owned, veteran-owned, small business, HUB Zone and/or 8(a) organization guarantees you nothing."

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