A Florida 501c3 dedicated to giving the most distressed a needed Second Chance

    

 

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Every distressed woman and man need the same chances we are all lucky to have. For their sake and our communities' future, we need them to succeed. REAL SECOND CHANCE will create leaders/contributors 

SO MANY QUESTIONS ABOUT ENTREPRENEURSHIP, SO LITTLE                                                     GUIDANCE. THESE FAQ'S WILL HELP

Can Anyone become an Entrepreneur?

The answer is YES!

1) No one is born an entrepreneur.

“You can’t go into Boots and buy a bottle of entrepreneurial juice – entrepreneurial spirit is something you are born with.”

Lord Alan Sugar

Sorry Lord Alan, but we beg to differ.

You don’t pop out of the womb with business acumen, nor are you waltzing around the playground building your empire. Yes, you may be born with a natural desire to succeed, but I think we all have that to varying degrees. No one is ever going to be shouting from the rooftops, “when I grow up, I want to be UN-successful.”

We believe an entrepreneurial spirit is a combination of this natural desire to succeed and our own personal experiences. Entrepreneurialism is often born out of things that have happened to us during our lives. For example: it may be fostered by the people we have met that have inspired us or given us encouragement; it may have been born out of a desire to get us out of a desperate situation such as debt; or it may have been the product of losing a job. In our case, we are concentrating on women who need a "real second chance."

There are many reasons why people choose to become an entrepreneur after one or more of these experiences, making it arguable that entrepreneurialism is not something we are born with but a result of what has occurred during our lives. We all have the ability to become an entrepreneur; therefore, it then becomes a case of whether we put this into action, and how hard we are willing to work to make ourselves a success.

2 )You don’t need money

Many people will list ‘lack of funds’ as a reason why they don’t start up their own business.

It is often daunting to hear of businesses that have been born out of a huge injection of capital, and it’s easy to conclude that this is a necessary pre-requisite for a business to be a success.

The truth is, anyone can start something on little or no money; you just need to be wise as to what your first steps into entrepreneurialism will be.

Think about what resources you already have at your disposal. What skills do you possess that you could capitalize on that wouldn’t require a huge financial outlay?

Also, in line with the affordable loss principle, think about what you can afford to lose. As you progress your business, financial gains may mean you are able to risk more, but you should never risk more than you can afford.

The phrase, ‘build your empire’ doesn’t come from nowhere, and businesses will often start small, gradually developing as they gain financially and in confidence. Large scale businesses that have huge amounts of capital were once a seedling business starting with little money.

If you do however, decide that you want to start your business with more money than you are able to provide yourself, there are many options now available for gaining investment. A Real Second Chance provides ready markets to fund women and men who have the capacity and desire to create their own businesses.

3) A lack of formal education/qualifications is not a barrier to success.

We’ve often heard many smart, business-minded women and men complain that success is out of their reach as they didn’t get good grades and/or didn’t go to University.

We call BS on this.

There exists today a huge amount of pressure to pursue higher education. The thought process seems to be that you work hard for good grades so that you get into a good University and then get a ‘proper job’ at the end of it.

As such, formal education is setting you up for becoming employed rather than becoming the boss.

What we really learn many times is that being ‘good’ at exams is a skill in of itself and not necessarily indicative of how hard we have worked.

Some people will naturally find exams easy because they have a pretty good short-term memory. They may easily be able to retain a lot of information for the exam, regurgitate this information (remove) only to then pretty much forget it all once the exam is over.

Other’s may know the subject area like the back of their hand, understand it fully, yet have been unable to master a specific exam technique. As a result, their grade may not necessarily reflect their capability.

Our point is, formal education is all about ‘coloring within the lines’ and adhering to a certain formula.

Entrepreneurialism on the other hand, is all about thinking creatively and outside of the box. These are skills that are often not identified and furthered in school.

In fact, there are plenty of examples of successful business women (and men?) who haven’t excelled in school or who have dropped out of school early. For example, Michelle Mone, founder of Ultimo dropped out of school at 15. A clear indicator that anyone can succeed no matter what their educational background.

4)    You get along great with everyone in your life

As it turns out, entrepreneurs aren’t the wide-grinning, back-slapping, glad-handing socialites they may seem to be. Entrepreneurs tend toward the outer fringe of social behavior and cultural norms. 

This makes sense when you realize that entrepreneurs are the ones who disrupt industries, chafe against the status quo and spark a good revolution.

Psych Central reported, “New research has found a childhood pattern of antisocial tendencies among entrepreneurs.”

So, if you’re sometimes labelled as a nerd or geek, or boring, or rude, don’t sweat it. Instead, go do what you were meant to do -- start a business or two.

5)    You feel very mainstream. (And you love it.)

Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.

The women and men who Real Second Chance works with are not your everyday friendly neighbors who come without a serious amount of baggage. They are human beings deprived of things most of us have in our lives. They start off behind. But within this community of women, we know there is hidden raw talent, ability, and desire to succeed. These women we hope to help and nurture to make the communities they live in better for the lucky experience of having them as a part.  

 Facts about Female Founders and Entrepreneurship, RSC's Original Target (Inc. Magazine) 

1. Women start companies at 1.5 times the average rate in the United States.

2. The absolute number of startups with one female founder has quadrupled in 5 yrs.

3. Women entrepreneurs in the United States rank their happiness at nearly three times that of women who are not entrepreneurs or established business owners.

4. The U.S. ranks No. 1 among 31 countries considered by Dell on the support of women's entrepreneurship.

5. Today, 18 percent of all startups have at least one female founder.

6. There are just over 9 million women-owned companies in the United States.

Facts about hotbeds of Women and Entrepreneurship

7. Brooklyn, New York, banks more female startups than any other single city in the United States.

8. Las Vegas has the highest percentage of venture-backed companies with at least one female founder: 26 percent.

9. The cities with the smallest numbers of female founders, by percentage, are Silicon Valley's Palo Alto and San Jose, California.

10. Texas claims the worst record of supporting women seeking venture capital. Last year, 42 Texas startups got Series A rounds. Zero of them had female founders.

11. In the United States, the frontiers of fast growth in the raw number of companies founded by women are, in order, North Dakota, Wyoming, the District of Columbia, Arizona, Georgia, and Nevada.

12. The cities in the United States where the combined economic clout of female founders is growing fastest are San Antonio; Portland, Oregon; Houston; Atlanta; and Riverside, California.

13. Dell puts Australia in the top spot for Potential Women Entrepreneur Leaders. Over half of Australian women who start businesses are college-educated, which provides them with networks and experiences that they can leverage for growth.

Facts on women entrepreneurs and job creation

14. A net new 340,000 jobs were added by woman-owned businesses between 2007 and 2015. At the same time, men-owned businesses shed 1.2 million jobs, according to a 2015 study by Womenable and American Express.

Facts about female founders and raising capital

15. No matter which crowdfunding platform they choose, female founders perform equal to or better than their male counterparts when raising money online.

16. Offline, it's a different story. Only 10 percent of startups which raised Series A last year had female founders. Today's venture capital environment clocks some 305 active funds over $100 million. These funds collectively put $114 billion to work. Ninety percent of it never sees a female founder.

17. That said, venture capital firms with women partners are more than twice as likely to invest in companies with a woman on the executive team.

18. Venture firms with a woman partner are more than three times as likely to invest in companies with women CEOs.

19. Ninety-four percent of decision makers at venture capital funds are male.

20. Even so, there is more venture for women, and the women's entrepreneurial ecosystem is gaining traction, as angel investor Kelly Hoey points out in Inc. 

Facts on performance and women entrepreneurs

21. Among the most successful companies, men start their businesses with six times as much capital as women do, according to the most recent National Women's Business Council (NWBC) Annual Report.

22. One analysis by Quantopian hedge-fund researcher Karen Rubin showed that women CEOs outperform peers three to one in the S&P 500, further developing the conversation over women driving top financial returns.

23. Businesses with a woman on the executive team are more likely to have significantly higher valuations at Series A--as in, 64 percent higher.

24. Businesses with a woman on the executive team are more likely to have significantly higher valuations in their last funding round--49 percent higher.

25. Forty-six percent of the privately held companies in the U.S. are now at least half owned by women.

26. Financially, women entrepreneurs outperform everyone but blue chips over time. In the last couple decades, the growth in the number of women's businesses (up 68 percent), employment (up 11 percent), and revenues (up 72 percent) blows past the growth rates of all but the largest publicly-traded businesses, and tops growth rates among all other privately-held businesses over this period.

27. Female-founded or co-founded "unicorn" companies, those with a billion or more in valuation, include Theranos, Eventbrite, SunRun, and Houzz. (Beware of recent problems with Theranos, though)

28. The list of richest women entrepreneurs in the U.S. includes Diane Hendricks, owner and chairman of ABC Supply, a wholesale distributor of roofing, window, and siding materials in Beloit, Wisconsin; Forever 21's Jin Sook Chang, worth $3.05 billion; Eren Ozmen, chair of Sierra Nevada, the biggest female-owned federal contractor in the U.S.; Pleasant Rowland, creator of American Girl dolls; and Martine Rothblatt, who founded and runs biotech company United Therapeutics.

What women entrepreneurs say they need

29. Almost half-of female founders (48 percent) cite a lack of available mentors or advisers as holding them back.

30. Only a third say lack of capital is a constraint

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