As women in business, we could all used a little practical support to help our companies flourish. We all appreciate referrals and advice, but most of us could use a boost of support that goes beyond that, which is why PWN has created a new sub-group called Business Angels. This is where we can be like “angel investors” but instead of financial contributions, we give a little bit of practical help to each other.
The Business Angels Group meets the third week of each month; the day rotates monthly so that everyone interested can find one open day to attend. During each meeting, one woman is spotlighted using a specific format. She shares the details of how she runs her business, including her success areas as well as the challenges her business is facing. Each member in attendance will offer to be an “Angel Investor” in her business that month.
An Angel Investor gives her time and expertise and does something specific to help her. It is typically something that takes 1-3 hours of time. Some examples of the kinds of things an Angel Investor might do are:
- teaching her how to use Quickbooks or other software,
- editing a blog post,
- helping her practice her elevator pitch for a half hour,
- a lunch meeting where she introduces her to an important contact for more business.
It all depends on what the Angel Investor has to offer and what the spotlighted member’s business might need. What is important is that it goes beyond advice and ideas but actual “on the ground help”.
Participation in the group is of course voluntary and is designed to be workable with our schedules. You can drop in and drop out of the group as your schedule permits. By choosing to attend the meeting you are only committing to being an Angel Investor that one month.