Business Management articles: tips, advice, ideas, strategies & solutions
Follow us at

Subscribe to our Business Management Articles Feeds


Feeds

What's this?

Home > Business Management

Hiring a Winning Team: How Three Types of Women Entrepreneurs Put it Together

Tweet This
thumb it up Michele DeKinder-Smith
As a business becomes increasingly successful, an entrepreneur must examine her business' changing needs and implement a system for meeting them. Booming success often means hiring a team of people to see to the details so the entrepreneur has time to run the business. Creating a winning team is a bit more complicated than just asking a bunch of people for help - is there a right way to do it? Is there a way to go about it that will leave members of the team, as well as the owner, feeling fulfilled while the business thrives?

A new study from Jane Out of the Box, an authority on women entrepreneurs, recently revealed there are five distinct types of women in business. Each of these five types has unique approach to running a business—and as a consequence, each of them has a unique combination of characteristics and factors. This article profiles three of the Jane “types” and the different ways they may handle hiring a team.

Jane Dough is an entrepreneur who enjoys running her business and makes good money. She is comfortable and determined in buying and selling, which may be why she's five times more likely than the average female business owner to hit the million dollar mark. Jane Dough is clear in her priorities and may be intentionally and actively growing an asset-based or legacy business. It is estimated that 18% of women fall in the category of Jane Dough.

To Jane Dough, business is business. In her world, systems and efficiency share the throne. When hiring a team, she is likely to choose members based on their specific skill sets and how those skill sets and their exacting implementation will affect the system she plans on using.

Pros and cons:
• Pro: Because Jane Dough is a pragmatic business owner, she'll choose team members who know what they're doing, and do it well.
• Con: Because Jane Dough is so focused on pragmatism, she may hire team members who don't get along well with each other - personalities aren't as important to her as efficiency and a job well done. But down the road, conflicting personalities may negatively impact the system she loves.
• Pro: Jane Dough's fast pace means she gets a lot done and doesn't waste too much time waffling on decisions about whether to hire someone.
• Con: That fast pace is enough to make anyone's head spin, and if Jane Dough isn't careful she may overlook a candidate with better long-term potential in favor of someone who fits the bill right now - putting her future self at a disadvantage.

Merry Jane. This entrepreneur is usually building a part-time or “flexible time” business that gives her a creative outlet (whether she's an ad agency consultant or she makes beautiful artwork) that she can manage within specific constraints around her schedule. She may have a day-job, or need to be fully present for family or other pursuits. She realizes she could make more money by working longer hours, but she's happy with the tradeoff she has made because her business gives her tremendous freedom to work how and when she wants, around her other commitments.

Because Merry Jane is “freedom-focused,” she'll need a team that allows her to continue working as many or as few hours as she wants to, which means that she'll have to be flexible with their schedules, too.

Pros and cons:
• Pro: Merry Jane loves her freedom, so she'll hire dependable people who can do their jobs without a ton of direction.
• Con: Loving her freedom can come at a price - Because her business may not be her first priority, communication may slip from time-to-time. If her team is unclear in what they need to do or if they take too much accountability, this can create problems for Merry Jane.
• Pro: Hiring people means that Merry Jane can delegate some of her work and therefore have even greater flexibility.
• Con: Creating a team also adds responsibility, of which Merry Jane already has plenty - she'll need to face payroll, meetings, e-mails and phone calls that she didn't deal with before - and this may mean more administrative work than she anticipated.

Tenacity Jane is an entrepreneur with an undeniable passion for her business, but who is struggling (a little or a lot) with the business' financial performance. As a result, she's working longer hours and making less money than she'd like. Nevertheless, Tenacity Jane is bound and determined to make her business a success. At 31% of women in business, Tenacity Janes are the largest single group of female entrepreneur.

Tenacity Jane's greatest asset is her attitude. She may feel overwhelmed at times but she keeps on keeping on because she truly believes in the business she's building and she wants to make it work. As she seeks to hire a team, Tenacity Jane will seek people with great attitudes like her own.

Pros and cons:
• Pro: Tenacity Jane feels like she can make this work, despite having faced many business challenges - she has a positive, “keep chugging” attitude.
• Con: When hiring a team, attitude isn't enough. Tenacity Jane may be drawn to people who are also enthused about her business, but does she take the time to (and does she know exactly how to) evaluate their skills, experience, and preparedness to do the work at hand?
• Pro: Tenacity Jane loves her business concept and can see the big vision of what it can someday be, which may include a large team sometime down the road.
• Con: Because she is focused on the “ultimate” vision, Tenacity Jane may not map out the path to get there step-by-step. If this happens, she runs the risk of hiring too many people too soon (and then not being able to retain them) or hiring them in the wrong order to maximize business growth.

Whether hiring a team is strictly business, or it's a small part of a grand scheme, it's a big deal. Women entrepreneurs shouldn't go into it without a solid idea about who to hire, what they'll do and how they'll do it - and how all of that will affect the business in the short- and long-term. From Jane Dough to Merry Jane to Tenacity Jane, business owners must get a plan in place before hiring to ensure the step from one-woman-band to marching band sounds great.
About the Author:
Michele DeKinder-Smith is the founder of Jane out of the Box, an online resource dedicated to the women entrepreneur community. Discover more incredibly useful information for running a small business by taking the FREE Jane Types Assessment at Jane out of the Box. Offering networking and marketing opportunities, key resources and mentorship from successful women in business, Jane Out of the Box is online at www.janeoutofthebox.com Check out www.janeoutofthebox.com
 

 

No. of Times this article has been viewed : 137
Date Published : Nov 6 2009

Most Recently Published Business Management Articles as of

Nov 20 2009    Elements of a Good Business Letter

by BMA Editorial Team

The essentials which go to make up a good business letter may be divided into two classes - mechanical make-up, and contents. Read on to learn more...

Nov 20 2009    Outsource Software Development for Significant Savings

by BMA Editorial Team

Since companies benefit from outsourcing, you would want to consider outsourcing to also be part of your company. However, you first have to know and fully understand how it can help your company and why this service is so in demand in the business world today.

Nov 20 2009    Establishing a Business Identity is Key to Success

by BMA Editorial Team

Taking the time to establish or develop a solid business identity will guarantee a more effective and profitable relationship with the public. It is what the law requires, the public expects, and a goal worth achieving.

Nov 17 2009    Finding Business Success in the Details

by BMA Editorial Team

Whether you have an online business or a brick and mortar, you have to pay attention to the details to find success.

Nov 17 2009    Effective Decision Making in Business Management

by BMA Editorial Team

Taking decision is always a risk. Time, money and other resources will be used as a result of a decision. In business management, taking decisions is one of the toughest jobs.

Nov 17 2009    Women Entrepreneurs and Their Greatest Starting Lineups: How to Hire a Champion Team

by Michele DeKinder-Smith

As a business owner, hiring a team can mean several different things. It can mean delegating, sharing and expanding. It may also mean balancing several personalities, keeping tabs on what everybody's up to and making sure things get done without micromanaging. So how do women entrepreneurs do it?

Nov 17 2009    Is Your Timing Keeping You From Being Successful In Your Business? Part 3

by Michele Pariza Wacek

There's a reason why product launches work and there's a reason why you reach more people (and make more money) if you control yourself, don't race through it and do it right. Here's why.

Nov 16 2009    SWOT Analysis- To Make Your Business More Profitable

by BMA Editorial Team

SWOT Analysis is a well-known method for describing a business or business propositions in terms of those factors that can have the maximum impact. The business owner does this analysis in order to improve the current position of the business.

Nov 16 2009    What You Should Look for When Hiring a Business Plan Writer

by BMA Editorial Team

Hiring a business plan writer has a number of benefits, including helping you to clarify your business expectations and making it easier to find financing and other support for your company.

Nov 9 2009    Performing Effective Collection: Make Sure that Your Customer Pays the Bill

by Adeline Mary

Getting paid is the toughest part to accomplish and it is the crucial phase of running a business. Especially during extenuating circumstances like a recession, most businesses are faced with a major disaster with debts not getting paid back by their customers.

Nov 6 2009    Buying a School

by Ronald White

Seldom thought of as an investment, private occupational schools can be a rewarding business for owners. This article analyzes the investment and provides due diligence and administration tips for owners.

Nov 6 2009    Does an Applicant's Education Predict Job-Related Intelligence?

by Michael Mercer

This article discusses the issues of pre-employment tests, intelligence and education as prediction for job success.

Nov 6 2009    Hiring a Winning Team: How Three Types of Women Entrepreneurs Put it Together

by Michele DeKinder-Smith

When it comes time to hire a team to implement a business' game plan and strategy, the business owner often has to have in place her own system for creating a team that will not only carry out what she wants, but will complement her unique style and mindset.

Nov 5 2009    Why Plan Anything?

by Colin Fell

Planning is simply a means to an end, with the aim being to influence the future by acting in advance. A sound business plan ensures that all key decision-makers have a solid understanding of the business, common fact base, and agree on important assumptions.

Nov 2 2009    Useful Benefits of Business Credit Card for Small Business

by Pamela Williams

Are you applying a business credit card for your small business? First, maybe you should try to look the best advantages that you can get a small business credit card.

12345678910...
Search for ebooks on Management & Business