Helping Entrepreneurs Build with Flossie Hall
09/13/24 • 15 min
In this episode we discuss how she figured out how to launch not one but multiple businesses and teach others along the way. Why she joined the Stella Foundation and how she is continuing to help thousands of women launch and scale businesses through Stella and the Women’s Venture Summit.
🔸 Being an Entrepreneur is an ideal solution for military spouses who need to create income
🔸 Building an online business allows you to take your business with you wherever you go
🔸 Flossie’s experience building multiple businesses led her to her teaching others how to become an entrepreneur
🔸 Stella Foundation is a leading resource helping women entrepreneurs get started with their businesses and raise capital
🔸 Women Venture Summit is the annual two-day event that the Stella Foundation hosts for founders and investors
🔸 Stella Foundation’s core mission is to help more women founders raise capital
🔸 You don’t have to go it alone - there are resources out there to help you on your way
SIGN UP for our newsletter at www.venturef.com/newsletter to get curated news and information about growing your wealth and investing in women delivered to your in-box every week.
DISCLAIMER: The information on this podcast is made available solely for general information purposes, is not tailored to the individual needs of a specific person or group, contains only disinterested commentary and analysis, and is not promotional material or an offer or solicitation to buy or sell securities. Venture:F does not warrant the accuracy, completeness, or usefulness the information in this podcast. Any reliance you place on such information is strictly at your own risk. Venture:F does not offer any investment advice, we are not a broker-dealer or financial advisor, and this podcast does not constitute any form of legal, tax, or securities advice and may not be relied upon when making any investment decision. Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
In this episode we discuss how she figured out how to launch not one but multiple businesses and teach others along the way. Why she joined the Stella Foundation and how she is continuing to help thousands of women launch and scale businesses through Stella and the Women’s Venture Summit.
🔸 Being an Entrepreneur is an ideal solution for military spouses who need to create income
🔸 Building an online business allows you to take your business with you wherever you go
🔸 Flossie’s experience building multiple businesses led her to her teaching others how to become an entrepreneur
🔸 Stella Foundation is a leading resource helping women entrepreneurs get started with their businesses and raise capital
🔸 Women Venture Summit is the annual two-day event that the Stella Foundation hosts for founders and investors
🔸 Stella Foundation’s core mission is to help more women founders raise capital
🔸 You don’t have to go it alone - there are resources out there to help you on your way
SIGN UP for our newsletter at www.venturef.com/newsletter to get curated news and information about growing your wealth and investing in women delivered to your in-box every week.
DISCLAIMER: The information on this podcast is made available solely for general information purposes, is not tailored to the individual needs of a specific person or group, contains only disinterested commentary and analysis, and is not promotional material or an offer or solicitation to buy or sell securities. Venture:F does not warrant the accuracy, completeness, or usefulness the information in this podcast. Any reliance you place on such information is strictly at your own risk. Venture:F does not offer any investment advice, we are not a broker-dealer or financial advisor, and this podcast does not constitute any form of legal, tax, or securities advice and may not be relied upon when making any investment decision. Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
Previous Episode
Women and Wealth, Planning for a Strong Financial Future with Jill Faherty Lloyd
Jill shares with us this week on the podcast how she is helping women realize their potential and plan for success. We also delve into the UBS Own Your Worth report on women as breadwinners.
Here are some key takeaways:
🔸 Back in 2015 Jill wrote a business plan about the great wealth transfer and pitched numerous banks about hiring her to launch a division specifically focused on women’s wealth - it took a few years - but UBS took note
🔸Only 15% of financial advisors are women - its a great career with flexibility - more women should look into it as a career path
🔸 Planning for exit is crucial. For most founders who exit well, this is transformational wealth. You earned it. Protect it.
🔸 Jill has observed that when money is in the hands of women they do different things with it, they have different priorities than men
🔸 Women live longer than men, on average, five years, and wives on average, outlive their husbands 15 years due to the divorce rate.
🔸 Nine out of ten women are going to be solely responsible for managing their own wealth at some point in their life which is why it’s important for women to have a working knowledge of their finances and to invest
🔸 61% of women retire earlier than they plan
🔸 Women drive 85% of consumer purchasing decisions and make up 52% of the population
🔸 There are 3 buckets when it comes to planning - liquidity (working capital), lifetime, and legacy
SIGN UP for our newsletter at www.venturef.com/newsletter to get curated news and information about growing your wealth and investing in women delivered to your in-box every week.
DISCLAIMER: The information on this podcast is made available solely for general information purposes, is not tailored to the individual needs of a specific person or group, contains only disinterested commentary and analysis, and is not promotional material or an offer or solicitation to buy or sell securities. Venture:F does not warrant the accuracy, completeness, or usefulness the information in this podcast. Any reliance you place on such information is strictly at your own risk. Venture:F does not offer any investment advice, we are not a broker-dealer or financial advisor, and this podcast does not constitute any form of legal, tax, or securities advice and may not be relied upon when making any investment decision. Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
Next Episode
How Ellevest is Helping Women Grow Their Wealth with Sylvia Kwan
Sylvia Kwan, CFA, CAIA, is the Chief Investment Officer for Ellevest, the experts in building and managing women’s wealth. In this episode we discuss Ellevest and the groundbreaking work they have been doing for over a decade to help thousands of women grow their wealth.
A few key takeaways
🔸 The data shows that women are underinvested compared to men - which is one of the many reason Ellevest focuses on women.
🔸 Women are not set up for success unless they investing - this is what we call the gender investing gap.
🔸 The financial industry was built by men for men by default. There was a study that surveyed a number of asset managers and asked who they built products for and 86% said men.
🔸 Investing is often a means to achieve a specific goal (pay for college, retirement, buy a home etc)
🔸 Ellevest is an RIA - they help women build and manage wealth. They offer financial planning and wealth management in addition to investing. They also have a divorce package and planning for inheritance package.
🔸 What is different about Ellevest’s portfolios is their goals based approach.
🔸 The concept of investing can feel overwhelming and intimidating but Ellevest has built a platform that makes it approachable.
SIGN UP for our newsletter at www.venturef.com/newsletter to get curated news and information about growing your wealth and investing in women delivered to your in-box every week.
DISCLAIMER: The information on this podcast is made available solely for general information purposes, is not tailored to the individual needs of a specific person or group, contains only disinterested commentary and analysis, and is not promotional material or an offer or solicitation to buy or sell securities. Venture:F does not warrant the accuracy, completeness, or usefulness the information in this podcast. Any reliance you place on such information is strictly at your own risk. Venture:F does not offer any investment advice, we are not a broker-dealer or financial advisor, and this podcast does not constitute any form of legal, tax, or securities advice and may not be relied upon when making any investment decision. Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
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