10 reasons to empower women in your business with Sean Weisbrot

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Sean has founded multiple companies and done multiple 8 figures worth of business.

He’s currently advising, consulting, and investing in business just like yours.

He knows where you’ve been, and he knows where you’re going.

Book a call with him today to see how he can help you get there smarter, faster, and in a way that aligns with your life goals.

Timestamps

00:00 – Challenges of Finding and Engaging Top Talent in Small Companies
03:45 – Managing a Remote Team and Building Relationships
06:34 – Taking Time for Team Culture in Remote Work Environments
09:50 – Physical Contact and Remote Work Challenges
13:20 – Revenge Travel and Remote Business
16:35 – Building a Network while Starting Over in Different Countries
19:37 – Starting Over and Building a Business that Allows for Personal Freedom

Transcript

Read the transcript
Welcome to We Live to Build. My name is Sean Weisbrot, and I’m an entrepreneur, investor and advisor based in Asia for over 12 years. Join us every week to fast track your personal growth so you can meet the ever-increasing demands of the company or companies you are passionately building. Time waits for no one. So let’s get started now.

Welcome back to another episode of the We Live to Build podcast. In honor of International Women’s Day, I decided that instead of having a guest on today, I wanted to speak with you directly.

My message is short, but hopefully it sticks with you. What I want to say is that women are amazing.

They are our mothers, sisters, daughters, wives.

They give us their love and their energy and encourage us to be better humans.

Without them, life would be boring.

They deserve our love, our respect, our kindness, and our support.

So, I hope that today you can think about what you can do to help the women in your life.

In fact, there are so many things you can do.

But before I tell you what I think you can do, I want to share some cold, hard facts which prove why you should do something.

A study based on six years of Australian companies gender reporting to the Federal Workplace Gender Equality Agency has established that companies who appointed a female CEO increase their market value by 5%, worth nearly 80 million Aussie dollars to an average ASX 200 company.

A Credit Suisse report showed that companies with 24% female participation had an annualized return of 22.8% over five years, while those with a 33% female participation in management had a 25.6% annual return.

That compares to an 11% return for the average company during that period.

A study of 89 European companies over a three year period saw 64% share price growth among companies with gender diverse management teams, compared to an industry average of 47%.

A review of 353 fortune 500 companies by the non-profit group catalyst showed that companies with high representations of women in their senior leadership teams had a 35% higher return on equity and 34% higher total shareholder return than male dominated firms.

A study by major Finnish bank Nordica analysed 11,000 companies and revealed that companies with a female CEO or head of the board of directors had a 25% annualized return over eight years, compared to 11% for the broader worldwide index of firms.

A study by the Peterson Institute for International Economics suggested that a 30% share of women in corporate leadership positions was associated with a 1% increase in the net margin, equivalent to a 15% rise in profitability.

The University of California, Davis reported that the top 25 California companies with the highest percentage of women executives and board members saw a 74% higher return on assets and equity than the broader set of companies surveyed.

This included companies such as Williams-Sonoma, Yahoo!, and Wells Fargo.

Okay, so now you know the financial benefits of treating women better and giving them opportunities.

So what are some of the ways you can take action to help them?

First of all, I highly recommend giving your entire team off on International Women’s Day like I do with my team, so they can celebrate and appreciate the women in their lives. and if they are women, they can rest and relax and have the chance to refresh themselves.

Secondly, I highly recommend hiring more women in general. You can also promote women upward within your team or hire women from outside if you need to.

Investing in an upskilling program will help you attract and retain great people.

Most companies, at least in the USA, don’t offer flexibility for the numerous pregnancy visits women need to go to in order to make sure their baby is healthy, so that would be very helpful.

Another great thing is offering any kind of leave for after the baby is born, and making sure the job is still available when the time has been used up.

So many companies also unconsciously pay women less because of a misconception that they are worth less than their male counterparts.

Like in the US, for example, a lot of women are paid on average $0.79 for every dollar a man is paid.

So completely destroying the pay gap would be an awesome way to show women that they are highly valued in your organization.

This is something that sidekick does, and we’re very proud that women are paid on par with men.

It’s not a very difficult thing to do, so there’s no reason to discriminate and pay them less.

There are so many other ways you can do something, but no matter what it is you do, I urge you to take action in any way.

Women have struggled, at least in the US, for over 100 years, to have equal rights to men, and the only way this will finally happen is if men who have the power to do so take action and show the women in their life that we are on their side.

Don’t forget, entrepreneurship is a marathon, not a sprint.

So take care of yourself every day and don’t forget to take care of the women in your life too, especially your team members.

Thank you.