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MySocialGoodNews is dedicated to sharing news about
social entrepreneurship, impact investing, philanthropy
and corporate social responsibility.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Social Entrepreneurship

This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.

GLG Launches Social Impact Fellowship – World’s Largest Membership for Professional Learning and Expertise Now Open to Top Social Sector Young Leaders

Inaugural Class of 12 Nonprofits and Social Enterprises Spans Causes and Geographies; Will Receive Unlimited Access to GLG’s 375,000 Experts and Mentors

Missions Include Community Health, Global Poverty, Entrepreneurship, Volunteerism, Disaster Recovery

Los Angeles, California, April 29, 2014 — Gerson Lehrman Group, Inc. (GLG), the world’s largest membership for one-on-one professional learning, today launched the GLG Social Impact Fellowship (www.GLG.it/socialimpact) to give twelve promising nonprofit leaders access to one-on-one learning from 375,000 experts and thought leaders, without cost. These creative problem-solvers have already demonstrated that they are among the most promising and gifted social sector leaders and are ready to move beyond the advice and mentorship typically provided by board members and donors. GLG made the announcement from the Milken Institute Global Conference in Los Angeles, a gathering of business, political, philanthropic, and intellectual leaders from around the world to discuss and confront the biggest global challenges.

These Fellows join GLG’s community of leading investors, entrepreneurs, corporations, and consulting firms, who learn every day from academics, current and former C-suite executives, scientists, policy specialists, former public sector leaders, and other professional leaders. Fellows and their teams will work collaboratively with GLG research professionals to leverage the breadth and depth of this network to inform their strategic decisions and increase their impact. GLG’s total in-kind donation to the Fellows and their organizations is estimated at $1.4 million.

“Our mission is to transform the way the world’s top professionals share expertise, learn, and make decisions. This vital one-to-one learning has been available to top professionals across the private sector, and now we’re making it available to the best and brightest innovators in the social sector, where the need for learning is particularly acute, and the opportunity for innovation especially rich,” said GLG President and CEO Alexander Saint-Amand. “These curious and innovative Fellows, already having a big impact, are the future of the social sector. We’re thrilled to partner with them as they scale their missions.”

The 2014 Fellows were chosen from a diverse group of leading early-stage and growing nonprofits and social enterprises invited to apply and interview. The competitive selection process, which will occur annually, was based on organizations’ missions and models and on applicants’ articulation of how GLG’s resources would help them increase efficacy and scale at key moments in their organizational growth.

The Fellows and their organizations tackle a range of social challenges around the world – from community health and entrepreneurship to extreme poverty in Africa and disaster response in the U.S. They are:

  • Rachael Chong – Founder & CEO, Catchafire; New York, New York (U.S. skills-based volunteering)
  • Aaron Fishman – Founder & Director, East Bali Cashews; Denpasar, Bali, Indonesia (cashew processing social enterprise)
  • Christina Lewis Halpern – Founder & President, All Star Code; New York, New York (men of color in technology)
  • Jake Harriman – Founder & CEO, Nuru International; Palo Alto, California (sustainable global development)
  • Leila Janah – Founder & CEO, Samasource; San Francisco, California (global enterprise digital service jobs for underserved women and youth)
  • Leticia Jáuregui – Founder & Executive Director, Crea Comunidades de Emprendedores Sociales; Mexico City, Mexico (business support for marginalized women entrepreneurs in Mexico)
  • Manmeet Kaur – Founder & Executive Director, City Health Works; New York, New York (community health services in East Harlem)
  • Oliver Libby – Co-Founder & Board Chairman, The Resolution Project; New York, New York (global youth social entrepreneurship)
  • Ben Powell – Founder & CEO, Agora Partnerships; Washington, District of Columbia (early-stage impact entrepreneurship in Latin America)
  • Zack Rosenburg – Co-Founder & CEO, St. Bernard Project; Chalmette, Louisiana (U.S. long-term disaster recovery)
  • Eugenie Teasley – Founder & Chief Executive, Spark+Mettle; Brighton, England (career support for marginalized youth in England)
  • Andrew Yang – Founder & CEO, Venture for America; New York, New York (post-college entrepreneurship in U.S. cities)

Jen Field, GLG Director of Social Impact, oversees the Fellowship. She explained, “Our first class of Fellows is an incredibly diverse group of social sector all-stars. They are energetic, dynamic, and deeply curious leaders of innovative and growing organizations. They present big ideas, face critical inflection points, and demonstrate sincere commitments to continuous learning and improvement, personally and professionally. We couldn’t be prouder to welcome them and to support them.”

The Fellows are eager to learn from the world’s leading professionals, from GLG, and from each other. “The scale of our organizational ambitions require not only resources and coordination, but meaningful expertise and experience,” said Manmeet Kaur of City Health Works. “The GLG Fellowship will give us access to specific expertise just when we need it. We will be able to make smarter decisions faster, and make a bigger difference for people in need.”

Zack Rosenburg of St. Bernard Project said, “I’m honored and excited to be among this elite class of GLG Fellows. The group’s diversity and range of missions combined with the breadth of GLG’s membership should lead to unexpected and inspiring exchanges and collaborations that will benefit the people we serve.”

Saint-Amand added, “We hope that having GLG at the table will help these young social sector leaders scale their impact and change lives. I believe they will find immense value in GLG and its network. Our teaching members have a lot to offer curious professionals across fields, and we are proud to now include these innovators who are changing the world.”

About GLG / Gerson Lehrman Group

GLG is transforming the way the world’s top professionals share expertise and learn. GLG curates custom learning experiences among professionals and thought leaders across fields, within a rigorous compliance framework. GLG scales one-to-one learning through conversations, mentorships, small group convenings, surveys, and other interactions with its network of more than 375,000 experts. Global, technology-driven, and nimble, GLG is the world’s largest membership for professional learning and expertise. Its 850 employees work in 21 offices in 12 countries. To find out more, visit www.GLG.it and follow @GLG.

About GLG Social Impact

GLG Social Impact connects social sector organizations with experts across industries and geographies for perspectives and expertise to accelerate the impact of their work, including through the GLG Social Impact Fellowship. GLG Social Impact partners with leading social sector organizations around the world, including The Clinton Development Initiative, Endeavor Global, The Bridgespan Group, and The Julliard School, among others. To find out more, visit www.GLGSocialImpact.com.

Brief bios of our Fellows and their organizations follow. Further information is available at www.GLGSocialImpact.com/fellows.

2014 GLG Social Impact Fellows

Rachael Chong – Founder & CEO, Catchafire; New York, NY

www.catchafire.org

Rachael Chong is the Founder and CEO of Catchafire, the world’s leading skills-based volunteer platform, which connects professionals with nonprofits on projects that create positive social impact. Rachael has been named one of the World Economic Forum’s Young Global Leaders, Fast Company’s 100 Most Creative People in Business, and received the NYC Venture Fellowship and the Tribeca Disruptive Innovation Award. Before Catchafire, Rachael helped start the US affiliate of the BRAC, the largest poverty alleviation organization in the world. To build her business acumen, Rachael worked at UBS Investment Bank after graduating from Barnard College. She has an MPP from Duke University and lives in New York.

Aaron Fishman – Founder & Director, East Bali Cashews; Denpasar, Bali, Indonesia

www.eastbalicashews.com

Aaron Fishman founded East Bali Cashews after his experience volunteering with an NGO in rural northeast Bali in 2011. While Aaron taught the public health staff about wound care and nutrition, they taught him about cashews, and told him that this impoverished region ships their cashews to India and Vietnam for processing. Within a few months he garnered the support of four local investors and launched East Bali Cashews to process the cashews locally. Aaron believes that community development is best achieved and sustained through empowering people, especially women. So far, the company has produced 500 tons of cashews, providing 210 new jobs and employing an 85% female workforce. EBC recently opened the region’s first preschool, a community early learning center for 60 children adjacent to the factory. He lives in Denpasar, Bali.

Christina Lewis Halpern – Founder & President, All Star Code; New York, NY

www.allstarcode.org

Christina Lewis Halpern is a social entrepreneur and award-winning journalist who is the founder of All Star Code, a nonprofit education organization that attracts, prepares, and places young men of color in the technology sector. Christina is a board member of the Reginald F. Lewis Foundation. The White House recognized her as a 2014 Champion of Change for STEM Access. She has been profiled in Domino and Vanity Fair and her work has been published in The New York Times Magazine among other publications. She graduated from Harvard College and lives in New York City.

Jake Harriman – Founder & CEO, Nuru International; Palo Alto, CA

www.nuruinternational.org

Jake graduated with distinction from the U.S. Naval Academy and served over seven years as an Infantry and Special Operations Platoon Commander in the Marine Corps. He led four operational deployments and was awarded the Bronze Star for actions in combat. From his experiences, Jake came to believe that the “War on Terror” wouldn’t be won on the battlefield alone: the contributing causes of terrorism – disenfranchisement, lack of education, and extreme poverty – must also be eradicated. Jake left his military career and enrolled at the Stanford Graduate School of Business to build an organization focused on tackling extreme poverty, Nuru International. He lives in Palo Alto.

Leila Janah – Founder & CEO, Samasource; San Francisco, CA

www.samasource.org

Leila Janah founded and leads Samasource, a nonprofit connecting underserved and underemployed people living in developing regions to microwork – computer-based tasks that build skills and generate income, and now part of the broader field of impact sourcing. Samasource moved 3,800 workers and their families over the poverty line in under five years and introduced a domestic program, SamaUSA, in 2013. Samasource received the Templeton Freedom Award, the Secretary’s Innovation Award from Hillary Clinton, and the Prix Netexplorateur from the French Senate. Leila received the inaugural Club de Madrid Young Leadership Award, presented by President Bill Clinton. In 2011, Leila co-founded Samahope, a crowdfunding site for medical treatments in developing countries. She received a BA from Harvard and resides in San Francisco.

Leticia M. Jáuregui Casanueva – Founder & Executive Director, Crea Comunidades de Emprendedores Sociales; Mexico City, Mexico

www.crea.org.mx

Leticia Jáuregui founded Crea Comunidades de Emprendedores Sociales (CREA) in 2008 to support Mexican female-led micro enterprises, focusing primarily on the manufacturing sector of food and handmade products and accessories. She has presented her work about remittances and micro entrepreneurial development at the Wharton School of Business, the Institute for Mexicans Abroad, the Organization of American States, and the OECD, among others. Her recognition since then includes the StartingBloc and Opportunity Collaboration Cordes Fellowships in 2010; being named an “Architect of the Future” by the Wazdell Institute in 2009, and the Echoing Green Fellowship in 2008. Leticia has two bachelors’ degrees from ITAM and two masters’ degrees from the University of California Davis. She lives in Mexico City.

  • Money is Never Enough – Leticia M. Jáuregui Casanueva (Stanford Social Innovation Review, Spring 2013)

Manmeet Kaur – Founder & Executive Director, City Health Works; New York, NY

www.cityhealthworks.com

Manmeet Kaur has worked in New York to improve the working conditions of “unregulated” workers, in India to stabilize the livelihoods of construction laborers at LabourNet, and in South Africa to help HIV+ individuals create employment with Mamelani Projects. Before launching City Health Works, Manmeet was an advisor to the Earth Institute’s One Million Community Health Worker Campaign. In launching City Health Works, she sought to apply innovations from developing countries to the U.S., providing support for individuals and families struggling with chronic diseases in the East Harlem community. Manmeet holds a B.A. in History/Anthropology from Barnard College, where she was selected as a Third Millennium Human Rights fellow, and an MBA from Columbia University. She lives in Harlem.

Oliver Libby – Chair & Co-Founder, The Resolution Project; New York, NY

www.resolutionproject.org

Oliver Libby co-founded The Resolution Project in 2007, in order to create a unique pathway to action for aspiring young social entrepreneurs. Undergraduates often hear that they are leaders of tomorrow – rather than leaders of today. Resolution identifies young leaders through Social Venture Challenges, empowering them through Resolution Fellowships to implement their ventures and to develop as socially responsible leaders. With Fellows on all six inhabited continents, working in fields such as education, healthcare, human rights, water, energy, and sustainability, Resolution is building a generation of leaders with a lifelong commitment to social responsibility. Oliver is also a co-founder and Managing Director of Hatzimemos / Libby, a global growth catalyst firm focused on energy and advanced technologies. He is a Trustee of the Harvard Club of New York Foundation and lives in New York.

  • Young Wall Street Bankers Flex Their Philanthropic Muscles – Max Abelson (Bloomberg BusinessWeek, 2/6/201
  • Creating a Pathway to Action – Oliver Libby & George Tsiatis (The Huffington Post, 1/31/2014)

Ben Powell – Founder & CEO, Agora Partnerships; Washington, D.C.

www.agorapartnerships.org

Ben Powell is the Founder and CEO of Agora Partnerships, a nonprofit increasing the flow of social, human, and financial capital to entrepreneurs solving social and environmental problems across Latin America. Ben started a miniature golf business in Mexico before earning an MSFS from Georgetown and completing a Presidential Management Fellowship at the Office of Management and Budget. In 2005 he earned an MBA from Columbia, where he won the inaugural alumni social innovation award and where he launched Agora, working initially with entrepreneurs in Nicaragua. Since then, he has been named a Draper Richards Kaplan Foundation Entrepreneur, a BMW Foundation Young Leader, an Ashoka Fellow, and one of the top 40 under 40 development leaders in Washington D.C. Ben is an alumnus of Haverford College and a native of Cambridge, Massachusetts. He lives in Washington, D.C.

Zack Rosenburg – Co-Founder & CEO, St. Bernard Project; Chalmette, LA

www.stbernardproject.org

Zack Rosenburg is the CEO and Co-Founder of St. Bernard Project, a long-term disaster recovery organization working to ensure that disaster-impacted citizens and communities recover promptly, efficiently, and predictably. Zack directs the strategic vision, marketing, partnership development, and fundraising for the organization, which he co-founded following Hurricane Katrina. Before founding SBP, he was a criminal defense attorney in Washington, D.C. Prior to his defense work, he founded Linking Communities for Educational Success (LINK), a nonprofit organization that provides tutoring, mentoring, and after school education and enrichment services to at-risk junior high school students in Washington, D.C. Zack, a Belmont, Massachusetts native, is an alumnus of Ohio Weslyan University and received his J.D. from American University and an LLM from Georgetown University. He lives in New Orleans.

Eugenie Teasley – Founder & Chief Executive, Spark+Mettle; London, England

www.sparkandmettle.org.uk

Eugenie Teasley is founder and CEO of Spark+Mettle, a youth aspirations agency that builds character strengths, skills, and networks for less privileged young people. She holds degrees from Oxford University and UC Berkeley. She has taught in south London and has lived and worked in San Francisco. She speaks and writes on topics that center around flourishing, entrepreneurship, feminism, and youth development. She blogs for The Guardian about her experience as a Clore Social Leadership Programme Fellow. Eugenie lives in Brighton, England.

Andrew Yang – Founder & CEO, Venture for America; New York, NY

www.ventureforamerica.org

Andrew Yang is Founder and CEO of Venture for America and the author of Smart People Should Build Things. Venture for America places top college graduates in startups in low-cost U.S. cities for two years, generating job growth and training the next generation of entrepreneurs. Andrew previously worked in startups and early-stage growth companies for more than twelve years. He was the CEO and President of Manhattan GMAT, a test preparation company acquired by Washington Post/Kaplan; co-founded an Internet company; and was an executive at a healthcare software startup. Andrew was named a Champion of Change by the White House in 2011 and one of Fast Company’s 100 Most Creative People in Business in 2012 and 2013. He graduated from Columbia Law and Brown University and lives in New York.

Indiegogo Principal Adam Chapnick Bets Big on Real Estate Crowdfunding, Joins Upstart Platform AssetAvenue

Former Principal Exits VC-Darling Indiegogo to Oversee Strategy at Commercial Real Estate Platform Up-and-Comer

Los Angeles, CA—4/30/14—Adam Chapnick, former principal and employee number one with leading crowdfunding platform Indiegogo, today announced that he is leaving the industry giant to join real estate crowdfunding company AssetAvenue. The company’s first completed deal raised $485,000 from investors in less than 48 hours to acquire a commercial real estate loan backed by office space in New York City’s prestigious Trump Palace. Chapnick believes real estate crowdfunding is on the precipice of becoming a major disrupting force in real estate investing, and chose to join AssetAvenue’s team of highly experienced real estate and technology professionals, betting big on a newcomer in one of the fastest-growing segments of the crowdfunding market.

“AssetAvenue’s disruptive vision and the team’s industry expertise are what sets the company apart. The leadership team has decades of combined real estate experience, and they’re focused on breaking barriers, which is music to my ears,” said Chapnick. “When [AssetAvenue CEO] David Manshoory shared the scale of what he’s aiming to accomplish, I knew this was a mission I wanted to be a part of, and the team I had to join. I can’t wait for the impact we’re going to make together.”

Chapnick joined Indiegogo as its first employee in 2009 and quickly helped the company grow into new markets and become one of the most successful crowdfunding platforms in the world. The company, which recently announced it raised a $40 million Series B round in January led by prominent investors Kleiner Perkins and Institutional Venture Partners, has hosted more than 200,000 campaigns to date in over 175 countries, four languages and five currencies.

Chapnick will be AssetAvenue’s chief strategy officer, bringing his expansive network and crowdfunding expertise to revolutionize the real estate investment experience for real estate sponsors, lenders and retail and institutional investors.

“We are thrilled that Adam has chosen AssetAvenue as his next home out of all the opportunities available to him,” said Manshoory. “We’re excited to couple one of the thought leaders in the crowdfunding industry with our real estate team to create an exceptional experience for our community.”

“Crowdfunding as a whole has been an incredibly revolutionary force in so many business verticals. It was thrilling to help drive this growth as the original player in the space,” added Chapnick. “Looking forward, those of us who are steeped in crowdfunding have seen real estate as the next explosive opportunity, given the sheer market size, coupled with all of its financial benefits to investors.”

Headquartered in Los Angeles, AssetAvenue is led by a management team leveraging a combined $10 billion in commercial real estate acquisitions experience. The company was founded in December 2013 by CEO David Manshoory, a seasoned real estate professional and successful entrepreneur with a track record of building rapid-growth companies.

For more information about AssetAvenue, visit www.assetavenue.com.

Women Presidents’ Organization Unveils the 50 Fastest-Growing Women-Owned/Led Companies Worldwide

Dramatic 203% Surge in Revenue Revealed in 2014 Data

New Orleans, LA (April 25, 2014) – The Women Presidents’ Organization (WPO) has released its 7th Annual list of the 50 Fastest-Growing Women-Owned/led companies around the globe. The 50 Fastest generated $4.9 billion in combined 2013 revenues and collectively employed 22,000 people. Compared with last year’s list, the total combined revenue of the 2014 winning companies grew by a dramatic 53%.

Thirty-One Gifts, a direct seller of exclusive, stylish and functional purses, totes, fashion accessories and organizing solutions, is the fastest-growing woman-led/owned company. Cindy Monroe, founder and chief executive officer who started the company in her basement in 2003, saw her company’s revenues grow exponentially in four years — from $38 million in 2009 to $760 million in 2013.

“The companies that made it onto our list this year reflect the continued resourcefulness of women-led businesses,” said Marsha Firestone, Ph.D., president and founder of WPO. “We saw production soaring, with an average revenue growth of 203% from 2009 to 2013. Not only is the financial growth of these companies impressive, it shows that women entrepreneurs are making inroads in non-traditional businesses, such as information technology and transportation. The growth of these women-led companies is particularly impressive as the world economic recovery struggles to gain traction. Privately held U.S. companies on average ended 2013 with annual sales growth of 5.4%, the slowest rate of sales growth since 2009,” Dr. Firestone added.

Strategic Communications, a Louisville-based provider of technology services run by Kathy Mills ranked second this year, nearly doubling the company’s revenues, from $45.4 million in 2011 to $97.3 million in 2013. WDS, Inc., an international warehousing, distribution and inventory management company, rounds out the top three. Jennifer Maier, chief executive officer and president, grew the company’s revenue from $13.2 million to $155.8 million in the past four years.

For the first time since its inception, the 2014 50 Fastest was opened to applicants on a global level, resulting in two international businesses in the top ten. Participating companies were ranked according to a sales growth formula that combines percentage and absolute growth. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies with annual revenue of at least $500,000 by year end 2008.

More about the 2014 WPO 50 Fastest:

  • Average revenue grew from $32.6 million in 2009 to $98.8 million in 2013
  • Founded the business: 90%
  • Average age: 48
  • Average number of projected 2014 employees: 657

All 50 companies will be honored at a special event during the 2014 WPO Annual Conference in New Orleans, LA on Thursday, April 24, 2014. The awards reception will take place from 5:30 – 8:00 PM at the Sheraton Hotel New Orleans.

The WPO’s 2014 50 Fastest-Growing Women-Owned/Led Companies are:

About the Women Presidents’ Organization (WPO)

The WPO is the ultimate affiliation for successful women entrepreneurs worldwide. In monthly meetings across the world, women from diverse industries invest time and energy in themselves and their businesses to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator and meet monthly to share business expertise and experience in a confidential setting. For more information, call 212-688-4114 or visit www.womenpresidentsorg.com.

Closing The Gender Gap And Increasing Youth Participation In Agriculture Offers Solutions To Global Food Crisis

During the International Year of Family Farming (IYFF) Food Tank and GFAR will showcase women’s and youth’s importance in family farming.

CHICAGO, IL – CHICAGO, ILFood Tank: The Food Think Tank and The Global Forum on Agricultural Research (GFAR) are excited to announce they will be collaborating this year around the International Year of Family Farming (IYFF). The goal of this partnership is to tackle the complexities surrounding the global food crisis while offering innovative and tangible solutions. Food Tank and GFAR will showcase and raise awareness and understanding of the challenges faced by smallholders as well as help identify ways to support family farmers.

The focus will be ways in which organizations, businesses, governments, and other stakeholders around the world are empowering women and youth and strengthening their role in agriculture. Food Tank and GFAR will publish research, weekly articles, opinion editorials, column articles, newsletters, social media campaigns, infographics, and videos.

According to GFAR, 2.5 billion people depend on agriculture. And globally, the average age of farmers is around 55 years—in Europe, one-third of farmers are under 35 and in the United States 50 percent of farmers are 55 years or older.

It’s time to cultivate the next generation of food system leaders—young farmers, agricultural entrepreneurs, agronomists, extension agents and educators, researchers and scientists, and policy-makers who can create a more sustainable food system.

“Increased access to education means that young people can be a force for innovation on family farms, increasing incomes and well-being for not only farmers, but also local communities. Young people can develop the agricultural sector by applying new technologies to current work methods,” says Mark Holderness, Executive Secretary of GFAR.

In addition, women comprise 43 percent of the agricultural labor force in developing countries, according to the U.N Food and Agriculture Organization (FAO). But they often face discrimination and lack access to resources, financial services, inputs, and education.

“This gender inequality comes at a huge cost, not just for women, but society as a whole. Discrimination against women can undermine economic development by limiting food security for families and preventing women and girls from achieving greater opportunities in education. In addition, many agricultural research and development programs ignore the needs and hopes of women farmers,” said Danielle Nierenberg, President of Food Tank.

GFAR provides an open forum for stakeholders across the agricultural spectrum—from researchers and organizations to farmers—to participate in collaborative discussion and action around the current and future state of agriculture. Food Tank helps to reframe the current policy conversation about the global food system through public education, convening and events, aggregation and dissemination of current research and innovation, and execution of new, independent research. Jointly, during 2014, these organizations will strengthen and transform the role of women and youth in agriculture around the world.

About Food Tank

Food Tank: The Food Think Tank (www.FoodTank.com), founded by Danielle Nierenberg and Ellen Gustafson, is a think tank focused on feeding the world better. We research and highlight environmentally, socially, and economically sustainable ways of alleviating hunger, obesity, and poverty, and create networks of people, organizations, and content to push for food system change.

SurePayroll Offers Quick Tips for Women Entrepreneurs to Work Smarter, Not Harder

GLENVIEW, IL — April 18, 2014 – Spurred by innovative ideas, the need for flexible schedules to juggle family life, passion to make the world a better place, and other fuels firing the flame, the number of women taking the leap into entrepreneurship is growing. In fact, U.S. women-owned businesses reached nearly 30 percent of all businesses nationwide.

Today, women entrepreneurs find better access to resources, mentors, technology, and in some cases, capital. Even so, research suggests that the glass ceiling still exists. According to a recent SBA study, businesses with women on the management team are the fastest growing groups of entrepreneurial companies, however, few receive venture capital money.

“While resources are often scarce, time is a precious commodity entrepreneurs need to build businesses, understand customers and sell products and/or services,” said Lori Bolas, Director, Communications, SurePayroll Inc. “I talk to women entrepreneurs almost daily and what I hear repeatedly is that while women are great at multi-tasking they get sucked into all the operational tasks that eat away at the critical hours needed to develop strategy, build relationships and move the needle on growth. What we’ve learned from our small business customers is that there are key steps and resources that can make a tremendous difference in scaling your dream.”

How can women entrepreneurs become educated on taking a dream and launching it into a business?

Here are SurePayroll’s key steps to build your business:

1. Seek mentors to develop strategy and a balanced approach to building small businesses.
While new ideas drive entrepreneurs to launch businesses, there are many people who have already learned from experience. Find experts across different business functions and seek support. Network with friends and family. Find organizations to help. Resources are available at the U.S. Small Business Administration, Micromentor.org or SCORE. Women-specific entrepreneur organizations, like Ladies Who Launch (http://www.ladieswholaunch.com/) or Women 2.0 (http://women2.com/), connect women entrepreneurs and hold events, provide training opportunities and access to potential mentors. Remember that it’s important to seek both male and female mentors to navigate the business environment.

2. Develop a plan to keep track of all financial records and identify an accountant.
Financial records are critical – for annual or quarterly taxes, payroll, potential investors and, in the event of an audit, proper documentation is key. Find a reputable accountant to help manage the business. Automate back office, redundant tasks like payroll. There are affordable, easy online payroll options that will give you peace of mind and save you hours each month.

3. Determine how to staff your business.
Strategy development includes plans to staff the business. Develop a staffing plan and begin to research and interview potential candidates. Develop an interview process with open-ended questions for candidates to think through solutions to real problems businesses face. Use referrals, conduct due diligence and find true partners to delegate projects.

4. Harness digital tools to run your business.
Do you need an office or can staff work remotely? Do you need full-time and part-time staff? Online tools, allow entrepreneurs to leverage efficiency and keep down costs. Use social networking tools to market the business like LinkedIn, Facebook, Twitter, Pinterest and more. Identify tools and leverage messages across multiple platforms to save precious time with efficiency.

5. Understand Alpha women that everything won’t be perfect.
And that’s ok. Constantly seeking perfection can slow down business development and someone else may hit the market first. In truth, nothing is perfect and continuous improvement should be part of business processes.

6. Develop a plan to scale your business.
Budding entrepreneurs often think of the big buy out from a large business, but that is not the norm. Often businesses grow, then plateau. To scale a business, selling solutions to customers are only pieces of a larger puzzle. Delivering the solutions – and meeting growing demand takes strategic planning. Think about growth strategies like influxes of capital, processes, measurements as well as resources to help plan how to invest money – when, where, with whom – to help reach long-term growth. And constantly seek ways to influx capital into the business to prepare for growth.

7. Continuously listen and learn from your customers.
Put mechanisms in place to gain feedback from customers. Talk to customers all the time. Don’t lose touch with customers while running the business. Otherwise, someone else will listen to the customer’s changing needs and provide a new solution. Evolve or perish.

8. Manage entrepreneurial expectations.
The idea of running a business is often far different than the reality. With small operating budgets, start-ups often begin on a dime with one or a few people running the business – and that may include many unforeseen duties. Keep long-term goals in mind and remember that Rome wasn’t built in a day.

9. Mentally prepare for unforeseen challenges.
Similar to life, few things go according to plan. Sometimes it’s frustrating. Sometimes it’s enlightening. Being an entrepreneur is exciting, exhausting, difficult and rewarding – sometime even in the same day. In the end, be prepared for constant change and learn to roll with the punches.

10. Go for it…and enjoy the journey.

About SurePayroll

SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers’ compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter — Circle us on Google+ — Connect with us on LinkedIn — Like us on Facebook.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers’ compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.

Deborah D. Hoover Joins Foundation Center Board of Trustees

New York, NY — April 23, 2014. The Foundation Center, the leading source of information about philanthropy worldwide, elected Deborah D. Hoover to its board at a meeting of the trustees on April 10, 2014. Ms. Hoover is president and CEO of The Burton D. Morgan Foundation in Hudson, Ohio. She also serves as advisory board chair of the Foundation Center’s library/learning center in Cleveland and chair of the Fund for Our Economic Future, a philanthropic collaboration that promotes the well-being of the people of Northeast Ohio by shaping and sustaining a long-term economic competitiveness strategy.

Following a career in law, Ms. Hoover joined The Burton D. Morgan Foundation as a program officer in 1999 and became its president and CEO in 2007. The foundation’s grantmaking supports entrepreneurship and entrepreneurship education initiatives at the youth, collegiate, and adult levels. A legacy of founder Burton D. Morgan (1916-2003), it connects people, ideas, organizations, and opportunities in Northeast Ohio’s entrepreneurial ecosystem.

“With expertise in entrepreneurship, a background in law, and an interest in using data and technology to drive community solutions, Deborah is poised to expand her leadership role at the Foundation Center,” said Bradford K. Smith, president of the Foundation Center. “Her skill set will be a key resource as the Center employs innovation in products and services to serve a national and global community of change makers.”

As part of its Foundation Center 2020 strategic plan, the Foundation Center is developing resources and tools to meet the changing data and knowledge needs of an increasingly complex social sector. “I’m excited to apply my knowledge of grantmaking and entrepreneurship in Ohio on a larger scale,” said Deborah Hoover. “Communities thrive when philanthropy and private investment create more opportunities for more people. I look forward to contributing to the Center’s ongoing efforts to increase access to these opportunities.”

Ms. Hoover currently serves on the board of trustees of Western Reserve Academy and is a member of the National Council for the Norman Rockwell Museum in Stockbridge, Massachusetts. Ms. Hoover received her B.A. from Williams College, her M.A. from the University of Chicago, and her J.D. from George Washington University. She is a member of the bar in the District of Columbia, New Hampshire, and Ohio.

About the Foundation Center

Established in 1956, the Foundation Center is the leading source of information about philanthropy worldwide. Through data, analysis, and training, it connects people who want to change the world to the resources they need to succeed. The Center maintains the most comprehensive database on U.S. and, increasingly, global grantmakers and their grants — a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level. Thousands of people visit the Center’s web site each day and are served in its five regional library/learning centers and its network of more than 470 funding information centers located in public libraries, community foundations, and educational institutions nationwide and around the world. For more information, please visit foundationcenter.org or call (212) 620-4230.

CONTACT:
Cheryl Loe
Communications Project Manager
The Foundation Center
(888) 356-0354 ext. 701
communications@foundationcenter.org

Maximpact Deals Invites New Impact and Sustainability Projects to Its Portal

One of a kind deals platform facilitator enables free, direct connections among impact projects, entrepreneurs, and funders in effort to increase volume of social investment.

April 23, 2014Maximpact, a philanthropic, impact-investing network, invites new registrants in the impact and sustainability sectors to list projects using its global reaching, deal-listing portal. Each free (and commission free) listing directly connects users with partners and potential funders worldwide. Its definition of “impact” has broad appeal embracing CSR as well enabling philanthropists, investment funders, impact pioneers, and ecological and green technology businesses to meet and collaborate. To date, the latest registration numbers show well over 1500 business opportunities, more than 350 financial institutions and 500 live projects. In addition, exciting new services designed to ease project management will be released in the fall of 2014, making Maximpact Deals even easier to utilize.

“Our platform is designed to encourage collaboration among users and we welcome opportunities to work with other parts of the sector ourselves,” said Tom Holland, Founder and CEO of Maximpact. “We are looking forward to playing an active role in finding the solution we’re all looking for in this developing sector.”

Impact investment, while hugely beneficial to the planet and its inhabitants, is still in the developing stages. Maximpact Deals is designed to address the sector’s shortfalls and propel its growth by improving the transparency, effectiveness, and quality of the impact deals from start to finish. It helps bring entrepreneurs, nonprofits, and investors all together in a way that gives everyone an opportunity to promote projects and network with others in order to share resources

Registration is simple. Once vetted and approved to one of the three access groups (entrepreneurs, intermediaries and funds), registrants will receive notification and be allowed to log onto the secure platform. Users can start listing projects and begin searching for deals immediately. Entrepreneurs and nonprofits can present their projects and connect with intermediaries and funders looking to invest in the impact and sustainability sector. They can also, for example, connect with and take advantage of networking opportunities to improve projects in the areas of public relations, team development, and expert consulting. Funders can research and find projects in a specific sector focus and never miss out on an attractive deal by setting deal parameters that, when met, immediately get sent to them via email.

In the fall of 2014, new services will make project management even easier. A complete set of tools for starting, managing, organizing and developing new impact and sustainability projects will be released. The services will include: Media, Finance and Consulting, and Marketing and PR. They will be designed to complement the existing platform, providing users with advanced media and financial tools that will help clients launch projects, organize virtual teams, attract financial backing, and connect with others who share the same vision. Holland adds, “Only by making deal flow more efficient–and ensuring diversity as well as quality across the impact sector–will we be able to attract the volume and variety of capital that will really make a difference.”

Maximpact

Launched in 2012 and headed by founder Tom Holland, Maximpact is becoming a leading facilitator in the impact and sustainability sector by fostering productive partnerships and collaboration within the impact investing arena. It continues to improve its platform as it gains new loyal members and supporters. For more information and/or to register please visit www.maximpact.com, email media@maximpact.com, or call 415-859-8979.

Impact Investment Advocates Ring The Closing Bell at the NYSE

NEW YORK, New York (April, 21, 2014) – Representatives and guests from the U.S. National Advisory Board to the Global Task Force on Social Impact Investment rang the Closing Bell at the New York Stock Exchange (NYSE) today to raise awareness about the role of public and private innovation and entrepreneurship in solving our greatest social and environmental challenges.

“Our society faces challenges that cannot be solved by government and philanthropy alone, spurring innovative approaches that harness the efficiency and discipline of markets. Impact investments deploy private capital for public good and are intentionally designed to deliver social or environmental benefits as well as financial return,” said Tracy Palandjian, CEO of Social Finance U.S. and co-chair of the National Advisory Board. Matt Bannick, Managing Partner of Omidyar Network, co-chairs the National Advisory Board with Palandjian.

A global effort was initiated at the June 2013 G8 meetings in London to explore how impact investing can accelerate economic growth and solve the world’s most pressing social challenges. At that time, the Global Task Force on Social Impact Investment (Task Force) was created and charged with: recommending policies to accelerate impact investing; establishing a common global approach for measuring social outcomes; and, encouraging greater engagement across foundations, institutions and private investors.

The National Advisory Board on Impact Investing rang the closing bell at the NYSE

The National Advisory Board is coordinating with, and advising, the Task Force, and will issue a report in early June 2014. The report will contain a set of policy recommendations to mainstream impact investing within the United States and globally, and is actively reaching out to key stakeholders and communities to get feedback, ideas and input.

“The early pioneers in impact investing have built significant momentum around creating a new market for companies and structures that generate a financial return while doing good for the world – in spite of a an outdated regulatory environment that does little to support this work,” said Jean Case, CEO of the Case Foundation and a National Advisory Board member. “Imagine the investment we’ll unlock to address big social challenges with updated policies that encourage and reward impact investing.”

The National Advisory Board is comprised of 27 thought leaders including private investors, entrepreneurs, foundations, academics, think tanks, impact enterprises, nonprofits, coalitions and intermediaries.

National Advisory Board members and guests on the podium for the bell ringing on Monday included:

  • Jean Case, CEO, Case Foundation
  • Audrey Choi, Head, Global Sustainable Finance, Morgan Stanley
  • Paula Goldman, Senior Director, Knowledge & Advocacy, Omidyar Network
  • Michelle Greene, Senior Vice President & Head of Corporate Responsibility, NYSE Euronext
  • Andrew Kassoy, Co-founder, B Lab
  • Antony Bugg-Levine, Nonprofit Finance Fund
  • Elizabeth Littlefield, President & CEO, Overseas Private Investment Corporation
  • Tracy Palandjian, CEO & Co-founder, Social Finance US, National Advisory Board co-chair
  • Andrea Phillips, Vice President, Urban Investment Group, Goldman Sachs
  • Luther Ragin Jr., CEO, Global Impact Investing Network
  • Curtis Ravenel, Director, Global Sustainable Strategy Group, Bloomberg LP
  • Sean Greene, Entrepreneur In Residence, Revolution Ventures
  • Xavier Briggs, VP Economic Opportunity, Ford Foundation
  • Zia Khan, VP Initiatives and Strategy, Rockefeller Foundation

Kristin Groos Richmond, founder and CEO of impact investment success story Revolution Foods also attended the Bell Ringing and said, “Revolution Foods is proof that you can start a business that provides both a financial and social rate of return.”

Revolution Foods is disrupting the world of school lunches by providing over 1 million healthy, affordable meals to students across the country, more than 60% of whom are in low-income households.

Scholarship Awarded to Young Entrepreneurs for Small-Business Achievements

Five Teenagers Receive $5,000 Scholarships; 100 Receive $1,000 Scholarships

WASHINGTON, D.C. – April 16, 2014 – The National Federation of Independent Business Young Entrepreneur Foundation (YEF) has awarded five exceptional high school seniors with a $5,000 educational scholarship for their entrepreneurial accomplishments. The awards are part of the NFIB Young Entrepreneur Awards scholarship program that is designed to recognize, reward and encourage young men and women to pursue their dreams of owning and operating a small business.

  • Anna Erkalova of Chalfont, PA. Crane Books, LLC publishes and sells public domain literature. 
  • Cody Gradert of Ireton, IA. Gradert and Sons is a multigenerational business that grows corn and soybean as well as finish cattle.
  • Zach Haney of Topeka, KS. Kansas Carnival Supply, LLC is an event rental company that supplies clients’ with interactive party and equipment rentals for a wide variety of events. 
  • LeiLei Secor of Hagaman, NY. Designed By Lei is an online jewelry business specializing in handmade wire wrap rings and earrings targeted to women. 
  • Vivek Tedla of Newton, CT. VRT Studios is a photography studio that creates and delivers high quality and innovated products specializing in wedding photography, senior pictures, and multi-cultural photography.

On July 16, two of these five students will each be awarded an additional $10,000 scholarship to apply to their college tuition. At a ceremony in Washington, D.C., one student will be dubbed the “2014 Young Entrepreneur of the Year” and the other will earn the “2014 Dan Danner Leadership Award.” Both awards acknowledge the dedication and successes that these students have achieved as entrepreneurs and budding small-business owners.

In 2014, the NFIB Young Entrepreneur Foundation awarded 100 Young Entrepreneur Award Scholarships to students across the country. Each award is between $1,000 and $15,000. Student who received the Young Entrepreneur Award are seniors in high school who own and/or operate their own small business. The scholarships are used to help with tuition costs for the winners’ post-secondary education. NFIB’s Young Entrepreneur Foundation awarded $145,000 to deserving young entrepreneurs in 2014, thanks to the financial support from numerous small business leaders, corporate and foundation supporters. A complete list of donors is available here.

“America’s young people have caught the entrepreneurial bug, and we at the NFIB Young Entrepreneur Foundation could not be more confident in our next generation of business owners,” said Molly Young, Senior Manager of the Young Entrepreneur Foundation. “The number of applicants for the NFIB Young Entrepreneur Awards continues to grow and we are impressed year after year with the quality of these hard-working, innovative high school students who are making their entrepreneurial dreams happen. Our scholarship winners are driven to succeed; our nation’s future is all the brighter because of their determination and leadership. NFIB congratulates this year’s winners for their tremendous accomplishments and hopes the scholarships will assist these young entrepreneurs as they continue on their paths towards successful futures.”

NFIB’s Young Entrepreneur Foundation established its scholarship program to raise awareness among the nation’s youth about the critical role of private enterprise and entrepreneurship in growing America’s economy. The foundation selected today’s recipients from a nationwide applicant pool of more than 600 students. Award recipients will use the scholarships to attend the university, college, community college or career institute of their choice.Since 2003, YEF has awarded over 2,500 scholarships worth more than $2.5 million to graduating high school seniors.

To qualify for an NFIB Young Entrepreneur Award, students must be seniors in high school who own and/or operate their own small business. They are required to write an essay describing their entrepreneurial endeavors and future goals. NFIB members around the country interviewed the applicants for the Young Entrepreneur Awards.

Contact: Kelly Hoffman (202-314-2054) or Kelly.Hoffman@nfib.org
Molly Young (202-314-2042) or Molly.Young@nfib.org

First Event In One World Trade Center Will Be A Global Startup Contest

The Elevator World Tour™ will have America’s best startups delivering their elevator pitches—in an actual elevator—as they compete for a $100,000 investment.

New York, NY, April 15, 2014 — On May 22, dozens of the country’s most promising startups will be pitching a panel of investors and experts, hoping to secure fame and funding. But this isn’t your ordinary startup contest, because each entrepreneur has only the time it takes to ride the elevator to the top of One World Trade Center to convince judges they’re the best.

“We’re thrilled that the first event in One World Trade Center showcases American innovation,” said Phil Telio, the event’s organizer. “It’s a reminder that the country was built on entrepreneurs, and that the world’s greatest companies start with a great idea and an unstoppable founder.”

In startup circles, an ‘elevator pitch’ is a short summary of your business model—ideally delivered in less time than it takes to ride an elevator, but compelling enough to get a follow-up meeting.

The contest is part of a worldwide startup contest known as the Elevator World Tour that runs literal elevator pitches in some of the world’s most iconic buildings. Other stops on the tour have included Toronto’s CN tower and the Azrieli Tower in Tel Aviv, with upcoming events in Rio de Janeiro, Barcelona, Paris, Berlin, Dubai and Santiago.

Up to 100 aspiring startups will compete for an investment of $100,000 from a team of angel investors. Judges so far include Jamie O’Hara of Grise Global Groupe, Jesse Kaplan of Plazacorp, Danny Knafo, Michael Hollinger, Randy Smerik of OsunaTech and Geoff Judge of iNovia Capital. Additional judges will be named shortly.

Startups can apply to pitch before May 7th at http://elevatorworldtour.com/new-york.html. The event takes place from 4:30 PM to midnight on May 22nd at One World Trade Centre.

About the Elevator World Tour™

The Elevator World Tour™ (http://www.elevatorworldtour.com) travels to the world’s most active startup cities, and the world’s most impressive elevators, connecting entrepreneurs and investors around the globe. The Tour is a spinoff of the International Startup Festival (http://www.startupfest.com), an event for startups, entrepreneurs, and investors that brings over 2,000 people from 20 countries together each year.

Press, media, and sponsorship inquiries:

Alexis Stoller
Voce Communications
+1-202-997-9862
astoller@vocecomm.com

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