Center for Women in Business E-News || May 2019

May 2019

Women RISE Reflect Interact Shine Enterprise

Pop-Up Startups with Tawny Laney

Tuesday, May 14, 2019

7:30 - 9:00 AM

SpringHill Suites Denton | 1434 Centre Place Drive | Denton, TX 76208

Pop-up businesses are a great way of becoming your own boss while making a lasting impression with potential customers.

Tawny Laney is the owner of Picture This! Photo Booth Rentals and has been operating since 2013. What started as a single photo booth operation has now grown to five units, including a vintage trailer with a photo booth inside, which she branded the " Boho Glamper ."

With over 500 completed events and 100,000+ photos, the photo booth business has taken her all over the DFW metroplex to meet new people and help create long-lasting memories.

Women RISE workshops are held from 7:30-9 a.m. at SpringHill Suites on the second Tuesday of each month. While enjoying a complimentary breakfast, you'll have an opportunity to meet other women business owners and benefit from professional development.

RSVP today! Seating is limited.

Women's Business Resource of the Month : Access to Capital

Although the more than 11.6 million women-owned businesses in the U.S. accounts for the employment of nearly 9 million people, and generates $1.7 trillion in sales, only two percent of venture capital was allocated to women-owned businesses in 2017.

According to Fortune, women-owned firms received just $1.9 billion of an $85 billion total invested by venture capitalists in 2017, while businesses owned by men received about $66.9 billion or 79%. (the remaining 19%, funds were raised by mixed and non-specific gender teams). Similarly, the rate of business loan approval is much lower for women than men. The U.S. Small Business Administration’s gap analysis of their business loan program found that women account for only 16% of all of their conventional small business loan portfolio.

There are resources geared specifically to help women-owned businesses access capital:

LiftFund can assist women business owners with limited access to capital by providing small business loans and minority business loans.

PeopleFund provides small business loans to women and underserved small businesses and nonprofits for equipment purchases, permanent working capital term loans, revolving lines of credit, and real estate.

Accion can provide funds for expansion and money to buy equipment and inventory.

If you have questions about access to capital, make an appointment with Tracy Irby, CWB Small Business Advisor. Our advising services are free and confidential!

CWB Advisory Committee

The CWB receives advisement on our programs, initiatives and activities to facilitate the growth of women-owned businesses in Texas.

The members of the committee represent a variety of sectors including veteran services, marketing, education and small business ownership. We are grateful to them for providing us with their expert advice.

Carolyn Corporon, Owner, Corporon Creative Marketing
Heather Gregory, Executive Director, STOKE Co-Working
Dr. James Lumpkin, Dean, College of Business, Texas Woman’s University
Cindy Pollard, Associate VP Marketing and Communications, Texas Woman’s University
Major General Mary Saunders, Executive Director, Institute for Women’s Leadership, Texas Woman’s University
VR Small, Executive Director, Veteran Women's Enterprise Center
Sharon Venable, CEO, SFV and Associates of DFW

CWB Research Projects on Tap

One of the goals of the CWB is to be the repository of research and information about women in business. We are partnering with TWU faculty to undertake the following:

Dr. Jason Lambert, College of Business; Dr. Gabrielle Smith, Department of Psychology and Philosophy; and Dr. Paul Yeatts,

Dr. Pushkala Raman presenting her research.

Center for Research Design and Analysis, will investigate how individual factors affect the relationship between perceived token experience and attitudes of women job seekers. The researchers also aim to better understand the experience and challenges successful women face in the workplace and what personal traits they possess or strategies they use to overcome them and will construct and introduce a new scale to measure token awareness.

Dr. Lee Warren Brown and Dr. Jason Lambert of the College of Business will examine how the ethical disposition of nurses and administrators in leadership positions affect perceived ethical climate, employee bullying behavior, intentions to quit and organizational commitment. The study also aims to investigate any difference between men and women leaders, and intra-group differences among women leaders in nursing positions.

Dr. Jasmine Ward of Health Studies will conduct an assessment of the professional development needs of black women in public health.

In addition, the CWB recently supported a research project by Dr. Pushkala Raman of the College of Business that sought to understand what women want in their ideal workplace. Dr. Raman was a guest columnist for the Denton Record Chronicle in which she detailed the conclusions of her research.