Business is Emotional

by ThinkFeminist on May 21, 2013

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I am going nuts over our business model. It’s amazing!  There’s been a lot of iteration between my sister/co-founder and also some difficulties along the way (who would have thunk that getting a passport from your home country would be extremely difficult?) We are now recovering from two weeks of yelling on the phone with the Nigerian embassy in D.C, Lagos and Abuja. I think my Dad probably heard me cuss half of the time as I try to comprehend the ridiculousness of the situation. So, yes, business is very emotional.

What I am excited about is the potential of our company to be something that everyone and anyone in the world can relate to, use and become part of. It’s an adventure around the world that will blow your mind. We are making shopping, travel, adventure and social-change all sexy and fun!

My girlfriend and Online Business Manager is quite the teammate, we spent couple of evenings picking colors, and re-thinking social media strategy. Needless to say, I have slept an average of 5hrs in the last couple days and I love sleep.

When my sister arrived from school two weeks ago, we basically laid down all of our plans, financial summary, business model/summary, vision, goals and key activities. I could feel it in my bones how remarkable our company will be. I love that we are starting this company with a humble heart to create social-change that focuses on style, alleviating poverty and empowering women. It makes a lot of sense and we are the best people to do the job. We’ve first hand experienced the problem we are trying to solve on both end of the spectrum. We don’t have to guess our way through the scenarios or the solution, it comes natural and quick. All this explains the bundle of emotions we feel, and I so damn excited!

What are you working on that makes you all emotional? Chime in!

 

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Working Full-time and Launching a StartUp

by ThinkFeminist on May 9, 2013

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Ever since I caught the entrepreneurial bug, I have being obsessed with everything start-up. I read everything I can lay my hands on – from the Lean Start-Up to stalking Gotham Gal, AVCs blog, Paul Graham Essays and of course my beloved Women2.0. I also end up speaking to tons of web designers, developers and potential advisors and mentors for my start-up. These coupled with a full-time job, training and running  half-marathons, raising a 4 year-old and living a healthy lifestyle (everyone knows it’s a lot of hard work to green juice, cook your own food every single day, no?). I digress, although I have to say that staying in top shape and living intentionally benefits your start-up in every way. You tend to have better mental clarity, rigor and ability to focus on difficult tasks.

Now moving on. I have since been thinking about what it truly means to be an employee and at the same time a potential CEO/Co-Founder. This big leap is not for the faint at heart and I recognize that. Not to toot my own horn, but I am very comfortable with stress and I thrive on working under pressure. It’s the only way I can get anything done 110% but there is a part of me that wonders what life is like to just focus on my start-up without the 50+ hours full-time job. I know what many of you are thinking – why not quit your job and focus on it? Well, the short story is that I can’t.  I need the money, and until I get around to seeking funding, I plan on keeping my job.

There are so many companies that have started as a side project and became real companies eventually. Craigslist was Craig Newmark’s side project started in 1995 and only turned into a real company in 1999. So many people think they cannot start working on a start-up unless they are out of a job. By focusing 100% on a startup, you most likely get things going faster, and you hustle like crazy, I get it. However, one of the advantages of working on my startup on the side is that it gives me the luxury to test my hypotheses even more so with co-workers, friends, and families. I also have the money to travel to conferences and events without worrying about diminishing funds. These small but crucial activities, add value in a way that going full throttle, burning through cash and possibly crashing afterwards does not. The reality is that 9 out of 10 startups fail. And as an engineer, I thrive on data. I believe so much in doing my homework, getting voice of customers, acquiring customers, and launching a minimum viable product before going exiting corporate life.

This said, my entire basis for doing this is around financial security. Trust me, I have thought about quitting my job, moving myself and my 4 year-old to New York (luckily, my Mom is coming to stay with me full-time to help out), however, I know that I have to be sensible. I have to approach this like  a CEO, do you stop making Product A because you are getting ready to launch an improved Product B? No. You ensure that Product B is going into the right market and has gained traction before pulling the rugs from underneath Product A. And I know that there are recent college graduates my age who are leaving it all behind and following their dreams. At the young age of 26, I have learned very quickly that you can only go as far as your bank account and networks will get you, and what I want to focus on while working my full-time job is to grow my network, launch my MVP and watch the gods of startups unfold naturally.

I plan on documenting my journey on my blog as well as on Women2.0. Wish me luck :)

Anyone working full-time and on a side project to launch a startup? I will love to hear from you! Please feel free to email me at blessing@thinkfeminist.com if you have any resources or networks that can be helpful to me.

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Rippling-banner-1

I started reading a powerful book this week and I am blown away and completely. Rippling is the first book by Beverly Schwartz, an insider of Ashoka, the foremost global organization on social change through social entrepreneurship. The book presents innovative techniques used by social entrepreneurs to solve the most challenging problems of our time, from inequality to environmental challenges, poverty and social problems. The entrepreneurs who are referred to as changemakers, enablers, innovators, catalysts, role models, and recruiters have the best combination of passion, talent and purpose that allows them to combine and merge creative ideas to tackle real-life challenges. The who, the what, the how is small compared to the execution of the work itself. The life-altering solutions they create set them apart from traditional entrepreneurs and begs the question of “what would it look like if we were all wired to be social entrepreneurs”?

Here are some excerpt from the book.

Currently, social entrepreneurship is as much a field as it is a social movement. A whole new generation of ethical change agents—whether in business or academia or the media—is building a new sensibility about the way we live and interact. For many people, ‘‘social entrepreneurship is now a viable and desirable career path, where work is not just something that you do, but rather something that you are.’’

All of Ashoka’s Fellows (the people Ashoka deems to be leading social entrepreneurs and elect into a lifelong Fellowship of like-minded people) ripple their innovations through society by influencing other social entrepreneurs, the policy development process, and the actions of the private sector. As I came to know the Fellows I interviewed for this book, I found that they all, at a minimum, possessed four inherent qualities:

  • Purpose
  • Passion
  • Pattern
  • Participation

These characteristics have become my favorite manner of determining if the person is starting out with the defining characteristics of what constitutes a social entrepreneur.

Purpose

I have never met an Ashoka Fellow who did not put society above personal interests and was not firmly focused on the fulfillment of their chosen role. Fellows may takemany roads to get there, but the goal is sacrosanct—and they do not get sidetracked by the boulders strewn on the path. Their clarity of purpose is often the decisive factor that brings individual and organizational efforts together. This is because it defines why they are working toward something and why it is worth working on it collectively. Purpose becomes the invisible glue that connects different actions and actors while it bonds everyone with inspiration. It infuses boldness and calculated risk and it creates loyalties by helping people understand why their contribution is valuable and valued. Purpose mitigates fear and allows inspiration to replace fear with action. Purpose leads to a sense of possibility.

Passion

I am not sure if I can separate the passion from the purpose because I have come to believe that both are always present, tightly intertwined and inextricably linked together. Like strands of DNA (which passion and purpose may actually be part of) you cannot pull them apart. Passion connects to spirit and relates to strength—strength of character, of determination, of connection to others. It kindles and nourishes a ‘‘follow one’s heart’’ courage of judgment. Ashoka Fellows have taught me that real strength lies not in the physical realm but in an indomitable spirit, intense passion, and determination aimed toward goals.

Pattern

The entrepreneurs in this book all decorate their own innovation in patterns. They base this on purpose, passion, and personality. But in a bigger sense, these patterns become models or guides for others to follow. The particulars of their patterns differ greatly, and in fact that individuality is the nature of an entrepreneur. They cultivate new ground and put together new combinations of solutions—or maybe they come upwith just one that no one has ever configured in such away. I’d like to say that they ‘‘build a bettermousetrap’’—but in essence, they eradicate the need for mousetraps altogether by figuring out a way to decrease the populations of mice!

Instead of just trying to alleviate the symptoms of problems, their organizations are trying to find the societal patterns that will unlock the clues to solving the underlying issues. To create significant and long-lasting changes, social entrepreneurs must understand and often alter the social system that creates and sustains the problems in the first place. This way of looking upstream toward solving the root cause of a problem is far more sustainable than looking downstream by trying to put a patch on the outcome. To borrow from public health parlance, ‘‘It is not enough to cure the symptom—for a cure to be sustainable, you must treat the underlying illness. If not, the cycle between cause, symptom and illness will continue to evolve causing a spiral of exacerbated and related problems.’’

Participation

The Fellows discussed in this book all exhibit leadership abilities. They are often unanticipated leaders, but whether they perceive themselves to be leaders or not, their ability to influence people and have them believe, follow, and join is an attribute that is completely natural and a necessary component for impact. It is that quality that attracts involvement and eventually morphs into civic engagement.

Certainly our 2011 current events lesson on the strength and accomplishment of civic participation in Egypt should make it obvious why this last characteristic plays such a huge part in an Ashoka Fellows program. As an old but true adage goes, ‘‘There is no strength like strength in numbers.’’ The role of the citizen, of the parent, of the child, of the street vendor, of the teacher, of the government official, of the person who is differently abled or who has positive distractions in changing an entrenched cultural pattern are all of significant consequence. It is as much the number of participants as the quality of the participation that is essential for supported and sustained social change to take place. To think boldly, act locally, and scale globally, innovators need more than their efforts as individuals; they need to get multitudes of people involved in seeing their vision, believing in the possibility, actively supporting it, and participating in creating change themselves. Leading social entrepreneurs know that if they are going to make a scratch on history, they can’t do it alone. There is a point when they all know they must step back and let go of any ego-limiting ownership of the idea if they are to involve and instigate the rise of changemakers who can help spread the seeds of change and grow them into a movement.

The ability of social entrepreneurs to scale their programs depends on the strength of people’s participation and their capacity to create movements that are strong enough to shake the foundations of poverty and inequality the world over. But what really makes social entrepreneurs unique? Where do they get their inspiration and passion? How do they convert that inspiration into purpose and who empowers them to think in such new ways? How do we clone these people so that we end up with a better world for all?

What are your thoughts on Social Entrepreneurship? Some schools are already offering it as a major to allow people who want to approach entrepreneurship differently to actively pursue that path. I’ll love to hear your thoughts.

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How to Ensure Your Startup’s Survival

by ThinkFeminist on April 24, 2013

Ever since my co-founder and I have stumbled on the startup world, we learn so much everyday. We learn about startup new to the scene, flourishing  struggling or exiting. It’s a nerve-wrecking process to keep up with the dynamics in the startup world. We try so hard to keep ourselves sane and we work hard to ensure the longevity of our business. This new infographic details how Salesforce is helping startups stay in business. The one that stood out to be of course was mobile applications. You would think everyone grabbed that concept by now. Mobile customers are 100% consumers that every company and startup should be capitalizing on. Enjoy the infographic.

Startup Growth: How to grow your Startup with Salesforce
Via: Salesforce for Small Business

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Standing Firmly with Boston

by ThinkFeminist on April 19, 2013

#raceready #halfmarathon #athens

This post was meant to be about my first Half Marathon on Sunday, right before the Boston Marathon. I was looking up the winners of the race and what the qualifying times were for females when I got the alert on my phone. At first, I shrugged, but then I got on major news sites and saw the horrifying pictures. To say that I was torn apart was an understatement. Here is a sport I just fell in love with and it’s been torn apart by some senseless individual or group. Hours before the incidence, I had told everyone at my work that I would try to run harder and faster so I could finally make the Boston qualifiers, a race set-apart only for the elite.

This tragic and terrible event stopped me on my tracks today as I ran with rage. Questions like “should I stop running, racing or quit everything all together?” ran through my head. My co-workers already joked that I avoid running at all cost “it’s very unsafe” they said. But, I couldn’t help but wonder why events like these happen or why people do what they do and bring such taint to a sport that people love this much. The Boston Marathon is a compelling stage and it’s been around for over a century. Running this race requires months over months of training. I put in at least 12 weeks of training for a half marathon and it was not easy combining that with work, family and a startup.

So, am I scared to run again? Absolutely not! Running is not for the faint at heart. It takes some amount of endurance, perseverance and courage to run, all of which smashes fear right in the face. We don’t live in fear. If we did, we’d never run. 

I pray for those who went through this, that they find peace. Running is a new found love for me, and I will continue running and if I dare say so, try to qualify for the Boston race next year. In an effort to keep my running spirit high, I have decided to run a marathon this year to honor to victims of the Boston Marathon. I choose not to allow some psycho dictate my life, I will stand firmly not just for myself but for Boston and the victims. That they may not have died in vain.

I will keep posting updates here of my run. Below is my time running my first half marathon ever. Bucket list checked for sure.
First #HalfMarathon #AthensHalf and with a personal record o#running #fitfluential

 PS: Adidas is selling the shirt “Boston Stands As One” and all proceeds goes to the victim of the event on April 15.

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542114_315530335229630_1549859072_n“Each of us feels some aspect of the world’s suffering acutely. And we must pay attention. We must act. This little corner of the world is ours to transform. This little corner of the world is ours to save.” – Stephen Cope, The Great Work of Your Life.

In my freshman year of college, I founded a non-profit to revolutionize science and technology participation among youths in Africa. I was young and I wanted to change the world. My parents begged of me to face my education and I slowly parked that dream for sometime in my future. Since then I have worked for various Fortune 100 companies, and currently climbing the corporate ladder but when I look back at my younger self 7 years ago, I know that I truly come alive when I know that I am working for a greater purpose. I know that my calling is to be a social entrepreneur and so I have decided to do something about it. I have this crazy idea in my head that I can change the world of women and work.

My focus in the last five years as a blogger has being solely on enabling and empowering the next generation of women to become active economic agents. In the next decade, about one billion women are poised to enter the global economy. 97% of these women are in developing and emerging economies. The impact of women in the global economy – as producers, entrepreneurs, employees and consumers – will be at least as significant as that of China’s and India’s respective one-billion-plus populations. Tapping into women’s economic potential would be equivalent to having an additional one billion individuals contributing to the global economy and stimulating growth. These phenomenon was detailed in studies conducted by Ernst & Young, Booz & Co, and McKinsey & Company, and it is appropriately named the “Third Billion Effect”.   Research shows that economically empowering women is not only good for the women; it is also good for the societies they live in, as well as the next generation. It’s a multiplier effect for their family and society. Women are more likely to save money for the children’s college, a strategy that also increases literacy and strengthens their local economies.

Becoming a social entrepreneur is different from your typical entrepreneur. For us, purpose is greater than profit and we are in it to discover, disrupt, and drive innovation. The positive impact is how we measure success and profit generally flows in because we get people to join us on this crazy journey of changing the world. In today’s world, generosity is the next frontier – people will pay more to make real impact. As a result, social entrepreneurs are more interested in understanding the social, economic, political, and cultural context of the problems they are trying to solve than traditional entrepreneurs are. We care about making money, but we focus equally on solving the problem. And that is what makes us very successful, because we are analytical enough to create a business model based on research, evidence and data yet we are idealist enough to think we can change the world. If you lack these characteristics, you are not changing the world.

And then there is perspective. Some of us have experienced these problems first hand, hence the passion and resilience is there to give ourselves to the service of others even when it hurts. At the age of seventeen, I left the shores of West Africa to study in the United States. I did that because I wanted to escape patriarchy, the agony of being a female, and the painful evenings spent in the kitchen. I knew that wasn’t the life I wanted and I worked hard to get myself out of the ‘dungeon’ like me and my siblings now joke about. In so many ways, my journey to become a social entrepreneur comes from my leadership abilities and confidence combined with my background as a woman who grew up in a developing nation. This culminated into a lofty dream of empowering women to boldly follow their dreams, achieve financial freedom and consequently strengthen their local economies.

Want to be a social entrepreneur? Find something you believe in. Choose your little corner of the world that is worth saving. 

 

 

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Fashion Project for Global Good

April 11, 2013

A gently-used Kate Spade sweater for sale on Fashion Project Fashion Project launched last year and recently announced that they have raised $1.8M in seed funding. The business model is pretty straight-forward, FP is turning taking your donated gently-used designer labels and selling them for reasonable prices. 60% of the sales goes to a charitable [...]

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