5 Female Founders Share Their Tips For Future-Proofing Your Business Business Strategy - Future Proof HEAD TOPICS

5 Female Founders Share Their Tips For Future-Proofing Your Business

10/21/2022 8:20:00 PM

5 Female Founders Share Their Tips For Future-Proofing Your Business

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ForbesWomen

5 Female Founders Share Their Tips For Future-Proofing Your Business From the pandemic to economic ups and downs, the past few years have taught us that nothing is certain. Companies big and small have learned that unforeseen circumstances are around every corner – so to survive for the long haul, they have to be prepared for anything. Sheela Gonsalves, Owner ofPrism Brand Advisory, agrees that to scale a business it's almost a necessity to manage different types of revenue streams. “Once you have diversified your offerings, you’ll also need the right systems, processes, and data in place to manage them. Hand in hand with diversified revenue, is a business's ability to be organized and deliberate.” If you’re ready to start diversifying your revenue streams, Gonsalves recommends mapping out where revenue sits today and asking these important questions:What's the frequency or consistency of the revenue?How involved are you in the process and can you hand it off to your team? Read more:
ForbesWomen » 3 Lessons Karla Gallardo, CEO Of Cuyana, Learned As A Latin American Founder Gwyneth Paltrow’s son, Moses, doesn’t always take her wellness advice Rarible NFT marketplace adds Web3 aggregation with new version Iranian Nobel Peace Prize Laureate: Nothing Will Be the Same After the Protests

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CNN News, delivered. Select from our newsletters below and enter your email to subscribe. Read more >> 3 Lessons Karla Gallardo, CEO Of Cuyana, Learned As A Latin American FounderCEO and founder of Cuyana, Karla Gallardo shares the lessons she has learned as a Latin American founder. Gwyneth Paltrow’s son, Moses, doesn’t always take her wellness advice“It’s also about knowing when to relent and, like, give him his space,” the Goop founder said of trying to push her wellness tips onto her teen son. Rarible NFT marketplace adds Web3 aggregation with new versionAlex Salnikov, a co-founder of Rarible, says aggregated marketplaces are the future and will help unisolate marketplaces. Iranian Nobel Peace Prize Laureate: Nothing Will Be the Same After the Protests“For 43 years, people have bottled up all this anger. For 43 years, the regime has turned a deaf ear to the demands of the people, and anyone who said anything against the regime has either ended up in prison or killed or has fled the country.” and, by the way , Waht's the situation like in S.Arabia/ UAE? Not really interested ? they can cut peple into pieces, enslave women who can't resist : they are not allowed alone on the streets Social Security now allows individuals to self-select genderThe agency says it is exploring possible future policy and systems updates to support an “X” designation for the SSN card application process for people who don’t identify as male or female. She recommends asking yourself: “What else could my customer be interested in that is not far from what I already offer?” Sheela Gonsalves, Owner of Prism Brand Advisory , agrees that to scale a business it's almost a necessity to manage different types of revenue streams.A Celebration Of Life Honoring Loretta Lynn Will Air Live On CMT - October 30th On the other side of Cuyana’s success, Gallardo has taken time to reflect on her Latin American heritage that has helped her achieve the American Dream.Gwyneth Paltrow admits she has a hard time convincing her 16-year-old son, Moses, to take her wellness advice.upgrade to Rarible 2 on Oct. “Once you have diversified your offerings, you’ll also need the right systems, processes, and data in place to manage them. Hand in hand with diversified revenue, is a business's ability to be organized and deliberate. Here are the three most imperative steps to success Gallardo has learned as a Latina entrepreneur in America.” If you’re ready to start diversifying your revenue streams, Gonsalves recommends mapping out where revenue sits today and asking these important questions: What's the frequency or consistency of the revenue? How involved are you in the process and can you hand it off to your team? What percentage of your business is it? Does it allow you to stay in touch with your customer's needs? “This exercise will validate your revenue streams and help adjust strategies going forward and for the long run,” advises Gonsalves.” Paltrow said that her son is a bit more open to doing workouts with her, including going on walks together. Adopt A Forward-Thinking Approach Entrepreneurship often involves rolling with the punches. While she does not want to perpetuate this precedent she does believe in doing good work. That said, having a solid eye on what the future may hold is still essential.” This development from Rarible comes after a report from DappRadar , which hinted at impending NFT “marketplace wars. “Ask yourself, ‘How can my business fit in a future economy?’ There are always ways to modernize and future-proof our companies,” says Jessie Medina, Founder of FEMX Quarters . Good, quality work speaks for itself.” Although Moses is not the biggest fan of his mother’s wellness tips, of some of the other products she helps promote through her lifestyle company. “For example, if you have a retail store, can you take it online? If you have a parking garage, can you leverage the user experience with technology?” While considering the possibilities, try to remain open to the potential of pivoting your company. As Alana Podrx, Founder and CEO of Eve Wealth , puts it, “Instead of thinking about what you need, listen to what your customers need. Nobody can take that away from you,” she explained. What does ‘service’ look like for them? It can feel difficult to let go of what you have in hand. You’re a feminist. But if it isn't what’s needed, then it is a sunk cost. From my math classes to the trading floor to our investor meetings, there are very few women and individuals of latin descent. Salnikov says this is a step toward further decentralization of the platform. There could be a bigger and brighter path for you and the people you're looking to serve.” Remain Dedicated To Your Mission Even in the best of times, entrepreneurship is still difficult work. I achieved top marks on every test, I was the last to leave the Goldman offices, and revised our Cuyana pitch decks over and over again to make them the best possible,” Gallardo shared on how she has always put in the work. "It's all about knowing when to relent," Paltrow said of pushing tips onto her kids. And in times of hardship, it can be tempting to throw in the towel. “Starting your business out of passion will allow you to persist in a tough journey. Once I had achieved excellent work, I made sure to open the next set of doors for myself and keep claiming my place. If you are solving a problem and have a unique defensible approach, your business will last,” says Anja Skodda, Founder and CEO of HappyBond . Opensea is way too CENTRALIZED. “Research your market and target audience and create a sticky product that is in continuous need. That comes first. If there is demand, there is competition – you just need to find a better solution that is defendable.” Future-proofing a business involves an intricate balance of strategic planning while remaining flexible in the moment. You are there to be heard. With a few intentional strategies in your toolkit, you will have the ability to set yourself and your company up for long-term success, even in the most challenging of times. Follow me on . Allow yourself to be accepted for the great work you are capable of doing.