Showing Courage to Start a Business

What do a lot of small business owners want to do when they first launch a business?  Delegate.  Be a better boss.  Learn how to lead effectively.  These are just a few of the ways in which small business owners plan to grow their businesses.  And they have plenty of help.  10,000 Small Businesses, a program that Goldman Sachs has brought across the country, assists small businesses with all the functional aspects to growing a business.

One thing we already know:  These business owners show a lot of courage by starting a business.  It takes guts and initiative.

Learn more:  10,000 Small Businesses program thriving in Chicago

Screenshot courtesy:  Chicago Sun-Times

From Velvet Ropes to Vintage Chairs, Entrepreneur Realizes Her Dream of Owning a Business

Lisa Escobar (pictured) had a Vegas dream job managing high-end nightclubs Tryst and XS inside the Wynn Las Vegas and Encore. But as much as Escobar loved it, that job wasn't her calling.

So in 2012 — in the middle of Southern Nevada's recession — Escobar quit and launched a business as an interior decorator and stylist, using her Rolodex of VIPs as a starting point for a client list.

What was the transition like?

Learn more:  Entrepreneur realizes dream of launching her own business

Visit:  Lisa Escobar Design

Screenshot courtesy:  Lisa Escobar Design

Women Are Best As Entrepreneurs

Why are women best at being entrepreneurs?  Easy.  Female entrepreneurs are more likely to be risk averse and so avoid the pitfalls that can kill a young business, says Paul Bentley, Kleinwort Benson’s head of entrepreneurs.  He goes on to specifically say:

"Female entrepreneurs tend to be more risk averse and position themselves better to create long-term value. They often avoid the pitfalls that befall early stage firms, meaning their businesses will show a more consistent track record."

Read:  'Women are best entrepreneurs' as they are more likely to avoid pitfalls that can kill a young business 

Screenshot courtesy:  This is Money (photo of Julia Elliott Brown, Upper Street London co-founder)

Defeat Your Fears and Reach for the Sky

Cielo, the word for “sky” or “heaven” in Spanish, and an acronym for Community for Innovation, Entrepreneurship, Leadership and Opportunities. Cielo is on the campus of Golden West College in Huntington Beach, California, where classes in self-wellness and entrepreneurship are being held over the summer in something of a soft launch for the center.

Cielo is expected to launch in the fall of 2015 as an incubator for lifestyle and skills-based microbusinesses, providing their owners access to capital, mentorship and classes – and possibly office space.

Among those using Cielo to launch her business is Leticia Benitez, 37, a wife and mother of an elementary school-age child.  She plans to nurture her small side business making cakes covered in ribbons of frosting and a layer of fondant, a creative outlet outside of her normal part-time work at the local Cheesecake Factory.

Read more:  Reaching for the sky: Cielo incubator in Huntington Beach will focus on lifestyle trades

Messiness and Being a Cheapskate Can Launch a Business

Mary Rascher had “three of the messiest kids ever” as her inspiration for making laundry soap, but the full-time electrical mechanic started investigating how to make soaps and later lotions that she now sells at the Downtown Rantoul Farmer’s Market and various Gordyville events under M&M Creations.

Rascher says she’s so “cheap,” she wanted to figure out a way to make her own laundry soap.

Read the entire article:  Tightwad Mary:  Desire to save money led Rascher to start making her own soap

Screenshot courtesy:  M&M Creations