Welcome to this month’s newsletter! As we dive into the fall season, we're excited to bring you updates and amazing resources to help you stay on track with your goals.

Thank you for being a part of our community, and let’s make this season a great one!

Michelle Snow

7 Important Small Business Trends (2024-2026)

Almost 5.5 million new businesses were started in the US in 2023. That was a record-breaking number, 56.7% higher than the one seen in 2019.

Feature: Grow With Snow VIP Spotlight

Meet Felicia Shanken!

"Hello, my name is Felicia Shanken CEO/Founder of the Philadelphia Women’s Network Connection, LLC and PWNC Foundation Inc 501(c)(3) We are not just a business; we are a community."

Felicia Shanken is a highly accomplished Women’s Strategist and Success Builder who has made significant contributions to the world of business. Her impressive track record speaks for itself. Felicia has been recognized by numerous publications and organizations for her outstanding work.

Quiz: Test Your Business Knowledge

Scroll to the bottom to see if you were correct!

Business Quiz

1. Business Fundamentals

What is the primary purpose of a business plan?

a) To secure funding

b) To set long-term goals

c) To outline the roadmap for business success

d) All of the above

2. Marketing

Which of the following is a key component of a successful marketing strategy?

a) Identifying your target audience

b) Focusing solely on social media ads

c) Offering discounts year-round

d) Avoiding feedback to maintain control

Coach's Corner

Coach's Corner: Mastering Time Management

Time is every entrepreneur's most precious resource, yet it often feels like there’s never enough of it. Here are three actionable strategies to reclaim your day and boost productivity:

Prioritize the Big Wins: Start each day by identifying one to three tasks that will have the biggest impact on your business. Tackle these first, when your energy and focus are at their peak. Remember, it’s not about doing more—it’s about doing what matters most.
Batch Similar Tasks:Group similar tasks like responding to emails, creating social media content, or making calls. This minimizes the mental "switching costs" of jumping between different types of activities, saving you time and energy.
Learn to Delegate:As a business owner, your focus should be on high-level strategies. If you’re spending time on tasks others can do (like administrative work or bookkeeping), it’s time to delegate. Trusting others frees you to focus on growth.

Quick Challenge: This week, track how you spend your time for three days. Identify one task you can eliminate, automate, or delegate, and take action!

Your time is your business’s greatest asset—make it count.

Upcoming Events

Giving Tuesday: Workshop and Awards Ceremony

Come celebrate Giving Tuesday at the library with this special event hosted by Michelle Snow! Following a powerful workshop helping nonprofit organizations increase funding, we'll celebrate and recognize the work of our city's nonprofit organizations and leaders through the Philadelphia's People's Choice Awards Ceremony. Attendees will have the opportunity to nominate their favorite nonprofit for the Nonprofit of the Year Award.

In the Take Your Nonprofit to the Next Level workshop, we will apply entrepreneurial thinking and strategies to your nonprofit. Simply working harder will not get you the funding results you want you need to think strategically, the way the best entrepreneurs do.

Answers: Test Your Business Knowledge

Business Quiz

1. Business Fundamentals

What is the primary purpose of a business plan?

a) To secure funding

b) To set long-term goals

c) To outline the roadmap for business success

d) All of the above

Answer: d) All of the above

A business plan helps secure funding, set goals, and outline a clear roadmap for success.

2. Marketing

Which of the following is a key component of a successful marketing strategy?

a) Identifying your target audience

b) Focusing solely on social media ads

c) Offering discounts year-round

d) Avoiding feedback to maintain control

Answer: a) Identifying your target audience

Knowing your target audience ensures your efforts are focused and effective.

Table of Contents

Feature: Grow With Snow VIP Spotlight

Quiz: Test Your Business Knowledge

Business Quiz

Coach's Corner

Coach's Corner: Mastering Time Management

Upcoming Events

Giving Tuesday: Workshop and Awards Ceremony

Answers: Test Your Business Knowledge

Business Quiz

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