29 Mar Week 3: Why getting angry can be good for business

Ok. It’s week three of this video thang. (If you’re here for the first time, you may wanna go back and watch week one and two. Your call.)

We’re all familiar with the B-word. That’s right. I’m talking about “burnout.”

And if you’re a woman entrepreneur (or a mom/overworked corporate slave/admitted perfectionist) chances are you’re all too familiar.

Burnout is that annoying little alarm that sounds when you’re pushing yourself too hard. It’s nature’s way of telling you to slow down… or else.

There are lots of yucky symptoms (ie. depression, anxiety, apathy, weight gain, etc.)

But the worst part about burnout, IMHO? It turns an otherwise happy, grateful human being into a snaggletoothed sea creature that thrives on negativity.

This week, I’ll share on my own experience with burnout. And talk about the warning signs that led me to finally taking a few days off. Hallelujah!

I’ll also share why reading about Jian Gomeshi going free (ugh), Kesha losing her case against her rapist (double ugh) and Donald Trump’s overt sexism (triple ugh with a WTF? on top) made me ANGRY.

I got so angry… that I immediately bounced back from my burnout and remembered why we’re building Vendeve in the first place.

Lastly, I’ll share some of the mind-blowing stats about the massive impact of women entrepreneurs.

In short? The whole planet will be 20% richer by 2030 if you ladies keep hustling! (Scroll down to see even more stats. Because the numbers don’t lie.)

 

P.S. Don’t forget to comment below telling me what topic you’re interested in hearing about next week:

Option A: raising money from investors

Option B: new features that are coming at Vendeve

 

 

 

The Impact of Women Entrepreneurs

 

Economic impact

Narrowing the gender gap in entrepreneurship will increase global income per person by as much as 20% by 2030. (Economist)

In emerging markets, women reinvest 90% of their earnings in their families and communities—which means that investing in women is an investment in our collective future. (Economist)

Entrepreneurship fuels economic growth, with new and young businesses accounting for nearly all net new job creation. From India to Turkey, women entrepreneurs are poised to transform their local economies and, in doing so, change the world. (Entrepreneur)

Social impact

Women entrepreneurs are 1.17 times more likely than men to create social ventures rather than only economic ventures (Forbes)

Women control 51% of private wealth and can use this collective power to drive social change. (Forbes)

Women entrepreneurs are more philanthropic than men. At every income level, they give to charity more often than men do — and they tend to donate more money on average than their male counterparts. (Forbes)

Environmental impact

Women entrepreneurs are 1.23 times more likely to pursue environmental ventures than economic-focused ventures. (Forbes)

Seventy percent of the women were committed to increasing the level of their sustainable activities.(Forbes)

Workplace impact

Women leaders tend to have significantly happier, more highly engaged teams (25%-35% higher). (Gallop)

Investor impact (tech focused)

Women-run private tech companies are more capital-efficient and also earn a 35 percent higher return on investment. When they receive venture funding, they bring in a 12 percent higher revenue than tech companies owned by males (Forbes)

Venture capital firms that invest in tech businesses run by women outperform male-led businesses (SBA)

 

15 Comments
  • Calee B
    Posted at 22:49h, 29 March

    Jian Gomeshi going free … “How? Whyyyyy?”
    Turning anger into passionate drive. You’re inspiring, Katelyn.

    Your fire is back!!!

    PS Fave quote: “Don’t get burnt out. It makes you an asshole” lol

  • Sarah H
    Posted at 04:33h, 30 March

    I can’t believe how natural you are on video (actually I can!!) OMG “The result of more female entrepreneurs is there will be a global income increase of 20% by 2013” are you for-serials?!?! BAMM

  • Menna R
    Posted at 15:07h, 30 March

    Fully agree about the burnout – man, can I ever get craaaaaaaannnnnnnky!

    DEFINITELY interested in Option B: new features that are coming at Vendeve!!! (that’s just my personal preference)!

  • Cat P
    Posted at 15:51h, 30 March

    Katelyn you are on fire again girl! Burnout = Asshole! (please make that into a T-shirt!) :-)

    I would love to hear about B as I just love what you gals are rolling out for your community but hey I’d love to hear about your story with investment because that is so interesting even if you’re not going for investment.

    Loving your videos btw.

    Have a great week!

    • Katelyn B
      Posted at 22:55h, 31 March

      OMG. T-shirts, mugs, capes. Can we go splitsies on the royalties? Deal!

  • Crystal R
    Posted at 15:59h, 30 March

    I cannot agree with the sleeping in thing more! In the last three months, I went from getting up at 7:00am to be at the office for 8:00am to getting up at 7:30am and getting to the office by 8:45 -9am. It has made ALL the difference for my productivity, hustle, and mood. It may just be an extra half an hour but it has made all the difference.

    PS: Keep the videos coming. They’re fantastic!

    • Katelyn B
      Posted at 22:56h, 31 March

      Getting more zzzzzzZZZzzzz really is life-changing. I do worry about what happens when I become a mom though and it’s no longer my decision :S

  • Glenna J
    Posted at 16:25h, 30 March

    Hi Katelyn,
    Great video. Your anger at the outcome of the Gomeshi trial is well-placed. There needs to be more public discussion about the culture of sexual assault and the treatment of women in society in general. The rape stats are horrific and putting the victim on trial is not justice.

    On another note, I love what you and Vendeve are doing. Investing in women means investing in their families—that’s a given. So, perhaps Vendeve could have a mentorship component. I know you’re already thinking of this. The idea would be that experts would take on one mentoree as a pro bono client. The client would be someone the mentor sees as having tremendous potential to do amazing work for some aspect of society but is perhaps someone who has faced more roadblocks than the average woman. This client could be a single mom, a member of a visible minority (someone who has been facing discrimination throughout their life can incur negative educational and health outcomes), or they could be a female refugee struggling to learn English, and Western culture and, at the same time, be trying to start up a business. Vendeve could develop the template for this kind of outreach and be an example for other entrepreneurial organizations.

    On your questions about what I want to know about Vendeve, I am more interested in Vendeve’s business model and features. I have a master’s degree in development economics and (believe it or not) I am not in the least entrepreneurial, yet I run my own small business.

    Thanks a ton; you rock!

    • Katelyn B
      Posted at 22:59h, 31 March

      I la-la-loooooove the mentorship idea, Glenna. I actually have an idea in the works that could be really cool. I’m going to bring together a group of Vendeve ladies to jam on it via Blab. I’ll let you know when that’s going to be and I really hope you can join us!! Exciting!!

  • Dinorah M
    Posted at 21:11h, 30 March

    My whole entrepreneurial side got realigned after I got burned-out while building my first business. This episode lasted for almost 7 months! I’m now an architectural designer business owner, and also became (becasue why not?!) a transformational coach specialized on online entrepreneurs. This decision was made after experiencing the positive impact I had after working on shifting some outdated mindsets.
    Ladies, as Katelyn said (who – by the way- was amazing on this vlog!) when building your dream do not believe that the path of suffering and discomfort is the only existing way to build something, that’s a myth! You can build a thriving company while enjoying the journey. How? Learn how to become aware of all the different patterns that will start surfacing on the process…once you become aware, you’ll be able to shift faster the method you are using and realign it with the values that resonate better with you.
    If you are not enjoying the process, believe me, something might be off. See it as a good sign to be alone with yourself and check with your inner voice about what is happening with the lack of joy, and things you could implement to bring joy back to the equation. Thanks Katelyn!
    P.S. I will like to know more about what Vendeve has planned for the future.

    • Katelyn B
      Posted at 23:02h, 31 March

      Such wisdom, Dinorah! Thank you!! The Bs have got it. You’ll be learning more about what’s coming next at Vendeve next week :)

  • Amber G
    Posted at 20:14h, 08 April

    Share it ALL! I love watching the updates as you go along in your journey and you never know what help that might be to women coming up behind you!

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