Waleteros Is Introducing A New Mobile App, A Virtual Prepaid Card, And Ultra-Modern Customer Service Allowing For A Personalized Connection To Latin America Relatives

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The new Waleteros app is now available, allowing users to have access to financial services wherever they are. Unlike other applications on the market, Waleteros simplifies all tasks starting with the registration process. Getting a prepaid card has never been so easy! Simply take a picture of your country’s ID and snap a selfie. In a few minutes and for no fee, a ready-to-use virtual prepaid Visa card will be available right from your phone (while one waits for the physical Visa card to arrive within 10 days).

Being a Waletero user means you can use Direct Deposit to receive your salary, cash checks in minutes, deposit cash, buy online, pay bills, transfer money, and, of course, buy anywhere in the world where Visa debit cards are accepted. Etienne Gillard, a multi-cultural senior entrepreneur who graduated from Stanford, decided to found Waleteros to serve customers in a convenient, inexpensive and safe way for all of the millions of Latinos in the U.S. as well as their relatives in Latin America.

Waleteros offers a plan with no monthly maintenance fees that brings along some “wow features”, such as no foreign transaction fees (other cards tend to charge up to 3% of the transaction) or the possibility of switching your card from “ON” to “OFF” with a simple click. Waleteros offers a personalized customer service accessible in several ways (chat, text, call, email, Facebook, as well as other platforms). “As a client, I know how frustrating it is when a company does not solve my concerns or complaints,” explains Paula E. Vasco, in charge of User Experience at Waleteros.

According to a report published in 2016 by the FDIC, 67 million adults in the U.S. do not have a bank account or are underserved by banking institutions. Waleteros calculates that around 30% of those are Hispanics. Consequently, on a daily basis, they depend on alternative financial services to traditional banking. Unfortunately, these options tend to be very costly, time-consuming and unsafe carrying cash around. “The entire team at Waleteros is committed to the very same mission: to be the “M-Pesa” of the Americas by improving the quality of life of millions of people. They deserve the best financial services; they deserve to be treated with transparency and honesty”, said Gillard, founder of Waleteros.

The comparison to M-Pesa is not meaningless; it is the most successful mobile wallet in the world. In less than 10 years, M-Pesa has changed the life of millions of people in Kenya (Africa). Every day, more than 22 million people are using the services provided by M-Pesa. Since launching in the Google Play Store (iOS version coming soon), more than 10,000 people have already installed the Waleteros app on their phone. As proof of satisfaction, Waleteros’ first users have already invited over 3,500 friends and families to join the Waleteros family!

If you need more information about a better financial solution, please visit www.waleteros.com.

Tips:

How to send money

The cheapest, fastest, and safest way to send money is by paying your family’s electricity, water, gas, television, or telephone bills online using a card that does not charge any foreign transaction fees.

How to withdraw cash

For small amounts, the most efficient way to withdraw cash is by using “cash-back” service offered by many stores when completing a purchase.

How to collect your salary

To receive your salary at no cost to you and up to 2 days earlier, the best way is to ask your employer to pay you via Direct Deposit.

Waleteros:

Waleteros is designed by Latinos for Latinos to address the financial needs of Hispanic communities underserved by traditional banks in the United States and Latin America. Thanks to technical advances, Waleteros can offer a lower cost easy to use service which will allow its users to quickly and securely get their pay, pay for goods and services, pay bills and send money.

5 Tips from a Writing Coach that Fiction Writers and Entrepreneurs Can Use

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Tips for Authors and Entrepreneurs

COLCHESTER, VERMONT–Last year, The New York Times published an article titled “Why Kids Can’t Write.” The article points out that many would-be writers struggle with knowing where to start – and a problem that’s not limited to today’s youth.

There are millions of adults in the workforce who feel inadequate when it comes to sharing their thoughts in writing. Clearly, we are a country of citizens who are desperate for some insight into how we can improve our ability to express our thoughts and tell our stories in writing.

“We all have stories to tell,” explains Annalisa Parent, fiction writing coach, author, and entrepreneur. “The problem is, many would-be authors get stuck on how to tell the story, and tell it well enough so readers will read it and yearn for more. Many people get hung up on school leftovers such as commas and gerunds, and while grammar is important to a quality message, getting your message out should be the writer’s first concern. Many writers put the cart before the horse in this regard, and that’s where hang-ups and writers’ block come from.”

The best way to improve one’s writing skills is to write and to get meaningful feedback. Engaging in a lot of writing will help people hone their skills and become more comfortable sharing their thoughts. Here are five writing tips from Coach Parent that everyone can benefit from:

  1. The first draft doesn’t have to be the last draft. In Parent’s experience, it rarely is. It’s okay to write several drafts to discover your message. In fact, Parent encourages it. To get to that final draft where you message is crystal clear, sometimes it takes asking for meaningful feedback to help a writer through the discovery and thinking phase.
  2. High quality. First drafts can meander, but aim for final drafts that are high quality. High quality writing is clear, concise, and on point, rather than just filling the pages with anything and Annalisa Parenteverything. It’s better to have a little that is high quality than a lot that is just filling space and not saying a lot.
  3. Clarity. Go back and read what you wrote and make sure that your thoughts are clear. If they are not clear to you, then they won’t be to other readers. Aim for clarity so that it makes sense to the reader and they connect with it.
  4. Finding writing flow. Some of the best writing comes when you are in a groove and loving what you are doing. When you lose track of the time and could go on and on, you have found your writing flow. The convergence of neuroscience and creativity have opened the doors into finding creative flow easier and staying there longer.
  5. Get the feedback loop right. Many writers find themselves discouraged from seeking advice from the wrong source. As the saying goes, “free advice is worth what you pay for it,” and free advice from someone who’s not an expert only exacerbates the problem. Parent sees this as a stumbling block for a lot of writers who could otherwise be successful in sharing their message with the world.

“I could add many more strategies to this list in order to help people become better, more efficient writers and storytellers,” adds Parent. “It’s not just kids who need better ability to express themselves today. Many adults are struggling as well. Following these five tips can help people become more confident, comfortable, and their words will flow much easier. The more confident someone becomes with their writing skills, the more they will be able to reach their reader and get across their intended message.”

Parent has coached hundreds of writers and has taught over 100 writing courses around the world. She works with fiction authors, as well as entrepreneurs seeking to write their expert book. Her book Storytelling for Pantsers: How to Write and Revise Your Novel without an Outline won the CIPA EVVY Silver Award in Best Business Books, and earned a merit award in the Humor category. She has been a featured speaker on writing-related topics across the globe, and she has been a guest on a variety of television, radio, and podcast shows, sharing her secrets for how to write, publish, and sell your book.

For more information about Annalisa Parent, her book, and her coaching services, visit her site at: datewiththemuse.com. For more information on how to become a published author, download her free ebook The Six Secrets to go from Struggling writer to Published Author here: datewiththemuse.com/6secrets.

About Annalisa Parent

Having taught over 100 writing courses, Annalisa Parent has reached countless writers around the world. She offers coaching writing services that have been instrumental in helping writers to go from idea to publishable piece and have the confidence to take their work to the market. She is also the chief executive officer of Laurel Elite Books. For more information on her services, visit her site at: datewiththemuse.com.

This is what it’s like to be one of the few Hispanic women leading a company in 2018

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Latinx leaders are still relatively scarce, but those we spoke to are blazing a trail for others to follow.

As we round out National Hispanic Heritage Month (which runs from September 15 to October 15), celebrating the histories, cultures, and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean, and Central and South America, Fast Company spoke to Latinx leaders to acknowledge their contributions and recognize their opportunities and challenges.

The challenges are not insignificant with under-representation across the board. Although the Latinx workforce is one of the fastest growing–increasing from 10.7 million in 1990 to 26.8 million in 2016 according to the Bureau of Labor Statistics, only 11 CEOs lead companies in the Fortune 500 and only 3.5% of Fortune 500 board seats were held by Latinx executives in 2016. The Alliance for Board Diversity says that represents just a .5% increase between 2010 and 2016. Hispanics have the highest rate of new entrepreneurs, but at 12% they have the lowest rate of business loans from financial institutions among all other firms. Hispanic women-owned businesses represent nearly half of all Hispanic firms. However, access to capital, a major facilitator of business growth, isn’t available to them as readily, according to a report from Stanford. And Hispanic women’s equal pay day–the additional number of days in the year they have to work to equal a white man’s pay–isn’t until November 2.

Despite these significant challenges, Latinx leaders continue to blaze a trail for others to follow. Here’s what they told us about the opportunities they’re leveraging to make a difference.

“MY CULTURE RELEASED ME FROM THE FALSE PRESUMPTION THAT THERE WAS ONE RIGHT PATH.”

The biggest challenge is the invisibility of our community in all of the narratives of leadership. We are rarely present. The Latinx folks who have traveled the path are so few, far, in between, and hidden. You rarely get the benefit of learning from the pathbreakers.

For chunks of my upbringing, I resented having one foot in the world of my cultural heritage and one foot in the American experiment but my career helped me deeply appreciate it. Straddling both worlds gave me such a unique lens on what it means to carry different perspectives as a result of different life experiences. It helped me see and grow people for what they could be instead of molding them into a bootleg version of myself. My culture released me from the false presumption that there was one right path.

–Karla Monterroso, CEO, Code2040

“I HAVE THE OPPORTUNITY TO INFLUENCE A NATIONAL CONVERSATION.”

As a Latina business executive at a high-growth tech company with a strong consumer brand, I have the opportunity to influence a national conversation. Our country is grappling with so many issues that affect the Latino community: immigration reform, refugee rights, political representation, and voting engagement, and the reality is that those making, executing, and influencing policy are likely to listen to strong members of the business community. Every time I have an opportunity to speak or write something that will be publicly shared, I ensure I am speaking to these issues in some capacity.

It’s no surprise that there is not equal representation of Latinx leaders in the tech industry. This means we are working extra hard to show up everywhere our community needs us. I wear a lot of hats at Lyft–from a VP on the Lyft Business team, to the executive sponsor of our Latinx ERG group, to the company’s representative at events or meetings where the insights from a Latinx executive might be helpful. I also advise a VC fund that is focused on supporting Latinx entrepreneurs–it’s the only VC fund I know of that is focused specifically on this–and while my participation is extremely rewarding, it requires a lot of time and dedication. I feel responsibility for this work, because every voice matters.

–Veronica Juarez, Area VP of Social Enterprise at Lyft

Continue onto Fast Company to read the complete article.

How a Book Can Grow Your Business

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writing coach Annalisa Parent

There are millions of entrepreneurs and small business owners today who would like to take their business to the next level.  A writing coach can help both of these groups achieve their goals.

“The right book–a book that starts a conversation– can do a lot to scale your business,” explains Annalisa Parent, chief executive officer of Laurel Elite Books. “I’ve worked with hundreds of writers, giving them the individualized attention they need in order to achieve more and reach their goals and dreams, and increase sales and client volume. More importantly, they’re getting their message out there, and helping more people.”

Most entrepreneurs, small business owners, and CEOs know that a quality business book can boost their future. They just don’t know how to get it done, especially in the context of their busy lives. Business growth is one of the many benefits that people get when they work with a right writing program, in addition to these 5 things:

  1. How to turn an idea into a publishable piece. Millions of people have a great idea and want to become the authority who wrote the book on it, but they have no idea how to make it happen. Just like a soccer coach helps create better players, so too can a writing coach lead people to becoming more successful authors–or authorities–and reach their ideal audience.
  2. An understanding of the publishing process. The publishing process can be daunting to figure out on your own, but with the right program you’ll have a personalized concierge to walk your way toward success.
  3. How to reach readers and sell your books. Many people finally get their book in their hands, only to find they don’t know how to reach their ideal readers. This often leads to a garage full of books, and a world full of frustration. The right writing program can help you with effective strategies for growing your audience and reaching those people who will want to buy your book and tell their friends about it, too.
  4. Inspiration and confidence. One of the most important things that aspiring authors need is a dose of inspiration and confidence. Becoming a published author is always risky, because people fear rejection after they put themselves out there. The right writing program will help you to overcome that hurdle in effective ways that will make you feel confident and ready to step out as the industry expert you are. .
  5. How to leverage your book as a scaling tool. A client-engaging book not only starts the right conversation, but showcases you as the authority and expert, landing you top spotlight in the media to reach and help even more people.

“Some of the best stories and books have yet to be written, because they are still within the author’s mind. People are looking for, yearning for, the solutions to their problems. When entrepreneurs write the right book, they demonstrate that they are that unique solution,” adds Parent. “I work entrepreneurs to help them go from idea to sold. Entrepreneurs want a better business and a book can help them achieve that.”

Parent also helps entrepreneurs who want to write a book to help grow their business. She explains that entrepreneurs can benefit by working with a writing coach in numerous ways, including:

  • Visibility. A writing coach can help you get the visibility you need in order to advance your career and grow your business.
  • Expertise. A writing coach is an expert at getting books traditionally published and can make it easier for you to understand the process and navigate it.
  • Go-to source. Having a writing coach means you have a go-to source that will be there to answer your individual questions.
  • Featured nationally and internationally. With a writing coach you can expand your reach and tap into larger audiences.
  • Starts a client conversation. A writing coach can help you get the conversations started that will lead to your next book and growing your business.

Parent has coached hundreds of writers and has taught over 100 writing courses around the world. She works with fiction authors, as well as entrepreneurs. Her book “Storytelling for Pantsers: How to Write and Revise Your Novel without an Outline,” won the CIPA EVVY Silver Award in Best Business Books, and earned a merit award in the Humor category. She has been a speaker giving talks on writing-related topics, and she has been a guest on a variety of television, radio, and podcast shoes, sharing her secrets for how to write, publish, and sell your book. A Teacher of the Year nominee for her use of neuroscientific principles, she applies the same principles to her work with writes to help create confidence, writing flow, and success. She writes for many local, national, and international publications, and is a graduate professor of English at Norwich University.

For more information about Annalisa Parent, her book, and her business scaling services, visit her site at: laurelelite.com. While there, you can sign up for a free business scaling conversation to get your future moving now.

About Annalisa Parent

Annalisa Parent helps entrepreneurs to finish, publish and sell their expert books. She is the CEO of Laurel Elite Books, a two time teacher of the year nominee, and a recipient of the French congressional Medal of Honor.  Annalisa writes for many local, national, and international publications, has written and produced sketches for a Telly-Award winning television show. She has been featured on Huffington Post Live, CBS, Associated Press and Korean Broadcast Systems, as well as many podcasts and radio programs. Her book “Storytelling for Pantsers: How to Outline and Revise your Novel without an Outline” is a recipient of a 2018 CIPA EVVY Silver award for Best Business Book, a finalist in the humor category.

How One Of Sports Most Powerful Executive’s Is Changing Sports Media And Culture

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When Jaymee Messler was growing up, the first thing she saw when she woke up in the mornings was the perfectly lined up roster of Yankees baseball cards that she taped on her wall at the start of the season. As a young athlete and devoted New York sports fan, she could have never predicted that she would go on to pitch their former captain Derek Jeter to found a media company with her, The Players’ Tribune, that she now leads as President.

Messler has spent the last two decades as one of the most influential executives in sports. As CMO of Excel Sports Management, she was a pioneer helping athletes like Jeter and NBA players Kevin Love and Paul Pierce craft their personal brands and establish a digital presence. Her foresight on the emergence of social media not only helped lay the foundation for a new era of brand partnerships and marketing. More importantly, it enabled athletes to communicate with their fans directly for the first time. Today, she’s amplifying that connection with the thousands of first-person stories athletes author on The Players’ Tribune.

Messler’s success has been predicated by the deep relationships she cultivates with athletes, which always begin by acknowledging and respecting them as people. “Athletes are multidimensional. You are not an athlete and then a person. You are a person who is an athlete,” she says. “The Players’ Tribune exists to showcase athletes’ humanity.”

She sat down with us to share her initial conviction for the business and how empowering athletes to help lead the conversation about important topics like gender equality and mental health is catalyzing change across the sports industry.

Becoming indispensable

Messler started her career in DC as an assistant to the prominent chef Jean-Louis Palladin, where she spent her days doing everything from ordering truffle mushrooms to shaping his brand and PR strategy. Though the experience revealed her passion for helping people craft their brands, she ultimately decided to move to New York City to pursue a career outside of the food industry. Shortly after she met Jeff Schwartz, tennis player Pete Sampras’ then agent, who exposed her to the world of sports management. “Finding out that you could marry the management of people and sports was a dream come true for me,” she shares. “I couldn’t believe this was a job.”

Similar to her athletes’ strict training regiments, Messler worked tirelessly to refine the skills she needed to become an indispensable part of their team. Whereas entertainers generally have large management teams, athletes have a small group of individuals supporting them, making every role an around the clock job. “We wanted to help our athletes be as successful as possible. A big part of that was helping them navigate life off the court,” she reflects. “It was always about figuring out how to be a few steps ahead so I could anticipate what they needed – whether it was negotiating a deal or finding a new school for their kids when they got traded – get it done in the background and then anticipate the next thing.”

Messler quickly became an essential thread in the fabric of her players’ lives, giving her a front row seat to the reality of life as a professional athlete. “People question the most granular details of an athlete’s performance but they have no idea what goes on in their personal lives, whether that’s facing a mental health condition or having an ill family member. They don’t walk on the court and just leave all of that behind,” she shares. “Traditional sports reporting has been about rushing to an athlete after a game and asking: ‘What was going through your head when you missed the game-winning shot?’ It’s an impossible question for them to answer and unfair to ask. We saw a need to give athletes an opportunity to open up about their experiences and the issues they’re facing so people can understand them. When you can grasp what’s happening in a person’s life you start seeing them on a human level.”

Continue onto Forbes to read the complete article.

Rizos Curls’ Julissa Prado Shares How Her Latino Upbringing Taught Her Essential Entrepreneurial Skills

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With her enviable mane of bouncy, pink-hued curls, Julissa Prado serves as a walking advertisement for the effectiveness of her products.Roughly one year ago, she officially launched Rizos Curls, an all-natural product line for curly-textured hair. In that short span of time, Prado has amassed 52k+ followers on Instagram, received up to a thousand orders per month, and quit her job to pursue her business full time. But though it might look like overnight success from the outside, her growing business is the result of many years of hard work and hard-earned lessons.

As Prado tells it, she couldn’t have reached this point without the help and support of her family and her larger Latino community, who served as the inspiration for her brand. “I always thought when I made Rizos Curls that I’d make something that would work perfectly for textures as diverse as those of my family’s. In the Latino community we have so many kinds of hair textures – wavy, curly ringlets, coily textures. I have tías that fall under all of those categories. I wanted to make something that allowed us to fall in love with our natural hair,” she explains.

For Prado, Rizos Curls has been a family affair – from consulting with her brother on her business plan, to running her fledgling company out of her parents’ and uncle’s houses, to learning key lessons about how to budget & save from watching her own father run his restaurant business.

Below, she explains how her upbringing helped her develop her entrepreneurial spirit and the skills to build a DIY business.

Your company is directly inspired by the Latino community – can you talk about how the idea came about?

I grew up in very predominantly Latino communities and neighborhoods [in Los Angeles]. I have a huge family, and when we were very young we all lived in one apartment building. Almost every unit was a different family member, so that can give you an idea of the culture and the environment that I grew up in. Growing up, I always saw how so much of my community had textured hair – they had wavy, curly, coily hair, a variety of textures. But they went to great lengths to straighten it, and not embrace it. There was a lot of self-hate around their hair. There was always this notion of ‘your hair is not done until it’s not curly.’

I remember the exact moment where I realized “Oh no, I can’t do this my whole life.” I was going to a quinceañera and my older cousins straightened my hair. Back then, in the hood, we didn’t have flat irons yet, so what they did was put my head over an ironing board and use a clothes iron. My hair was burning! I remember being over that ironing board and thinking “We’ve got to do better than this, we’ve got to figure out a way to feel good about our natural hair.”

So that’s where the idea first started. Even at a young age, I was aware that so many of my insecurities were connected to my inability to embrace my natural hair and myself in my natural state. Once I learned to love my hair it allowed me to love myself, and I wanted to create that feeling in my community. Rizos Curls is not just about the products. We’re a trifecta of the Three Cs: curls, community & culture.

What pushed you to make the leap and turn this interest into a career?

I’m very close to my [older] brother, and he’s the one who helps me a lot with Rizos. We’re very opposite. I’ve always led with my heart and emotion, and he’s ruled by logic. So when I decided I really wanted to go forward with this Rizos idea, I went to my brother with my business plan. I was still pretty young, around 15, and I presented the whole plan to him. He did all this market research – which years later, in business school, I learned is very important when you’re starting something new. Understanding your market, understanding the size of the demographic you’re targeting. He did that research on his own and was blown away. He couldn’t believe a product like Rizos Curls didn’t exist already.

Time passed, I went to college and grad school, and everything I learned, all the business acumen I acquired, all reaffirmed that I had to take this leap. Everything pointed me to, “You’re lucky no one’s jumped on this opportunity yet.” But it took me four years to figure out my product formulas, and I beat myself up a lot for taking so long. I was juggling it with getting a masters, working a full-time job, and maybe I just needed to trust the process. There were many times in that four year process of testing formulas that I didn’t get the results I wanted, and felt like giving up.

Continue onto Remezcla to read the complete article.

This black female entrepreneur is rebuilding D.C. with foreign dollars—and a dream

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Angelique Brunner was once the only African American woman in VC from NYC to Atlanta. Now, she runs a $500 million investment firm that is revitalizing D.C.

When Angelique Brunner moved to the nation’s capital two decades ago, she was shocked to find neighborhoods with no stores, no services, and burned-out buildings.

“I started asking around about what is going on here, people told me it was the riots,” she tells Fast Company. “I said, ‘Oh, what riots?’ They said, ‘The Martin Luther King riots.’ I said, ‘The riots were in 1968. So, this is why D.C. doesn’t have grocery stores, and it’s giving away houses for a dollar?’”

The local city government was, in fact, selling off long-abandoned homes for a buck to developers who had the money to rebuild. Some of Washington’s once vibrant black neighborhoods never quite recovered from the unrest in the days following the assassination of the civil rights leader and the subsequent departure of the middle class.

Brunner was stunned and, armed with her degrees in public policy from Brown and Princeton, started learning the ropes in venture capital and then real estate development—determined to make a difference.

And she is making a difference, bringing jobs, homes, and new business to once blighted streets.

As president of EB5 Capital, which she founded a decade ago, Brunner is now one of the driving forces in the revitalization of D.C., leveraging a controversial program that puts rich foreign investors on a path to citizenship in return for their investment dollars.

FOUNDING HER OWN COMPANY

The road to founding her own firm was paved during those first years, initially at a VC firm. “I  was the only African American female from New York to Atlanta that was in venture capital.” She later moved to Fannie Mae (the Federal National Mortgage Association), where she became an expert in community investing.

“Laypeople might assume that urban areas struggle to get development dollars because no one wants to build there. I learned through the late 1990s and early 2000s that there has always been interest, just not the financing needed to actually execute,” she says.

It was during this time that she became familiar with the EB-5 Immigrant Investor Program and saw an opportunity to bring development dollars to neighborhoods that others did not want to touch. So with the gap in money needed persisting to complete urban projects, and the scars from the riots still showing, she founded EB5 Capital.

“I felt motivated to address this, which is why my second project ever was a grocery store on 7th Street in Northwest D.C. that also had an affordable senior housing component,” she says.

Since then, Brunner has helped connect foreign investors with several major D.C. gems, including City Market at O Street, bringing new residential and commercial life to a once dilapidated but beloved historic city site. Brunner is also behind D.C.’s Columbia Place development, bringing two new Marriott hotels to the downtown convention center area.

JOB CREATOR

Brunner sees her mission as twofold: Rebuilding the capital’s neighborhoods and bringing new jobs to people who desperately need them. And she is an unabashed fan of the EB-5 program, which is up for renewal—and reform—in U.S. Congress. Job creation is at the core of the program, which was founded in 1990 and is administered by U.S. Citizenship and Immigration Services (USCIS). It offers foreign investors green cards in return for job-creating investments in domestic development projects.

Continue onto Fast Company to read the complete article.

Science ‘Mojo’ and an Executive Dream Team: CEO Emma Walmsley’s Bold Prescription for Reviving GlaxoSmithKline

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The new boss is quickly shaking up the three-century old pharma firm.

EMMA WALMSLEY was just six weeks into her tenure as CEO of GlaxoSmithKline, the $38.9 billion British pharmaceutical firm, when “Glaxit” happened.

Glaxit was not a world-shaking geopolitical tremor à la Brexit, but for GSK it may have seemed hardly less significant. Neil Woodford, the much celebrated British fund manager—who had gained fame for coming out of the dotcom crash and the global financial crisis unscathed, and one of GSK’s largest shareholders—announced he was quitting the company. In a blistering 958-word critique—published on May 12, 2017, and garnering coverage from Reuters to the Telegraph—Woodford explained why, after 15 years, he was pulling every last pence out of GSK stock.

Those 15 years had been “frustrating” for him; GSK had remained throughout, he charged, “a health care conglomerate with a suboptimal business strategy.”

Woodford had long been one of GSK’s most vocal critics; for years he had clamored for it to break up into its constituent businesses. (The company has pharmaceutical, vaccine, and consumer health divisions.) He argued the gambit, fashionable in Big Pharma these days, would unlock shareholder value through more focused stand-alone companies. GSK’s leaders—most recently former CEO Sir Andrew Witty—had consistently rejected the idea, contending that the firm’s conglomerate structure provided stability and some synergies.

But the last straw for Woodford seemed to be Walmsley. Of the company’s new chief executive, he wrote, “Even before taking her seat she has been keen to portray herself as a ‘continuity candidate.’” In other words, more of the same.

Walmsley may not be ready to ditch GSK’s conglomerate structure, but in almost every other way, Woodford’s description couldn’t be more wrong.

To begin with, there’s who she is. Neither a man nor a scientist, Walmsley is something of an outsider in pharmaland. She’s the only woman to run one of the large innovative drugmakers, and her path was hardly a typical one. A marketing whiz who spent 17 years at L’Oréal, Walmsley joined GSK in 2010 and started running the company’s consumer health care business the following year.

Then, there’s what she’s done. Since taking charge in April 2017, Walmsley, No. 1 on Fortune’s International Power 50 list, has made swift and radical changes. Within months, she had replaced 40% of her top managers and pulled the plug on 30 drug development programs and 130 brands. She announced plans to stop selling Tanzeum, a diabetes drug for which GSK had won FDA approval only three years prior.

Within a year, she sold off the rare-disease unit and initiated a strategic review of the company’s cephalosporins antibiotic business. She assembled a roster of all-star talent to fill out her executive team, and in July she did a $300 million deal with 23andMe, the data-rich direct-to-consumer genetic testing company. She instituted new (and unheard of, at GSK) levels of organizational hygiene—implementing uniform key performance indicators, employee standards, and strategies across GSK’s three businesses. As Walmsley told Fortune in June: “The way I define the job is, firstly, in setting strategy for the company, and then leading the allocation of capital to that strategy—because until you put the money where you say your strategy is, it’s not your strategy.” For the new boss, that means a new commitment to R&D.

She has also embarked on a cultural overhaul: Meetings get straight to the point and often begin with the question, “What are we here for?” In her first interview as CEO, she told the Financial Times, a bit clumsily, that GSK scientists would no longer be “drifting off in hobbyland” under her watch.

Walmsley is the fresh face of discipline and rigor at GSK. When asked how her communication style compared with that of her predecessor Witty, a senior leader who recently left the company chuckled before responding they couldn’t be more different.

Continue onto Fortune to read the complete article.

Women in Finance Reveal What It Takes to Get to the Top

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woman looking at computer financial documents

You’ve been exploring new career options ever since it became clear that your current day job was never going to use your skills to their fullest potential. With your head for numbers and natural business sense, a career in finance seems like the perfect place to let your talents shine.

The Truth About Women in Finance

Some women are intimidated by the finance field because of horror stories about sacrificing work-life balance in a race to the top. Some have the perception that you need to be ruthlessly competitive to beat out colleagues for promotions and new opportunities.

But you don’t have to stay at the office all night or backstab your coworkers to make it to the top, according to our sources. There’s plenty of room for women in finance, despite what you may have heard.

“A woman can easily stand out in a field that is primarily dominated by men by being confident in her knowledge and abilities,” says Karey Williams, senior compliance officer at David A. Noyes.

Tips to Take You to the Top

You don’t need to act like one of the guys to make it to the top in the boys’ club of the finance industry. These women in finance are sharing their real-life success stories with actionable tips you can use to find success in finance.

  1. Find a mentor

It’s easy to become overwhelmed in a new position if you try to do everything by yourself. You’ll have much more success if you seek out a trusted female mentor you can turn to for advice and inspiration along the way.

“Hearing insight and encouragement from the fearless females in my network has not only opened new doors to career opportunities but has given me the confidence to tackle bigger goals,” says Ashley Souza, associate director of relationship development at Centerpoint Advisors, LLC.

Your education can help get your foot in the door, but it’s the wisdom of those who have paved the way before you that will give you a leg up on your competition, according to Souza.

  1. Know your stuff

Don’t underestimate the power of a solid education in the finance world, whether it’s through traditional classes or knowledge gained by experience. Williams says she capitalized on every chance to increase her knowledge of the business.

“Take every opportunity to learn,” she says. “Procure as much education on the job as possible, as well as licenses and certifications.”

A deep understanding of your work is critical in the financial field. One wrong move due to lack of knowledge or confusion could lead to huge losses for your firm or your clients.

“I find a lot of people claim to know so much only to find out how little they really do know,” says Bonnie Gayle, experienced business manager/bookkeeper and owner of KnowYourNumbers. “Make sure you have the knowledge and skills for what you want to go into.”

  1. Take educated risks

It’s easy to blend in with the background at busy financial firms. It might be more comfortable, but you’ll never make a name for yourself by playing it safe.

“Taking risks feels scarier because it’s less certain, but you’re more likely to be successful,” says Whitney Johnson, Institutional Investor-ranked analyst and co-founder of Rose Park Advisors.

But don’t confuse risk-taking with being reckless. Women aren’t always judged on equal footing with men when it comes to competency, warns Johnson. Unfair as it may be, this means it’s imperative that you have the numbers to show your superiors that your risky decision is founded in credible fact.

  1. Make waves with your personality

Many women may think their femininity is a liability in the competitive, male-driven finance industry, but having an approachable personality can actually be an asset.

“I made sure I was always friendly, knowledgeable, and approachable,” Gayle says. This type of helpful attitude can be rare in finance, which can make you stand out from your competitive colleagues.

Your clients will also appreciate your friendly demeanor. “Women are perceived to be better listeners. We should take advantage of that and let our clients know they’re being heard,” Williams says. There’s no faster way to prove your merit than by consistently impressing clients with a thorough understanding of their concerns.

  1. Exude confidence

Having an air of confidence can be the key to achieving what you want from your finance career, according to Williams. It was a combination of hard work and perseverance that helped her land her current position of senior compliance officer.

“Don’t be afraid to be yourself and to be aggressive about what you want to do with your career,” Williams says. “Never take ‘No’ for an answer when it comes to pursuing your dreams,” she says. You’ll command respect by having the confidence to let your personality and your ideas shine.

Author: Ashley Brooks

View the original article at: rasmussen.edu/degrees/business/blog/women-in-finance-advice/

November is National Scholarship Month NOW is the time to start applying for scholarships

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SALT LAKE CITY–TFS Scholarships is the most comprehensive free online resource for higher education funding connecting students to more than 7 million scholarships representing more than $41 billion in aid.

It was founded in 1987 after Richard Sorensen’s father, an inner-city high school principal, bemoaned the lack of good scholarship resources for his students.

High school seniors now applying for college should also be applying for scholarships, according to Richard Sorensen, an expert with more than 30 years experience helping students find scholarships.

“College bound students should spend four to five hours a week looking for scholarships, starting in the fall of their senior year,” says Sorensen, President of TFS Scholarships. “They should think about finding scholarships like it’s a part time job.”

A scholarship, unlike a student loan, is free money and should always be the first place students look for help in funding their college education. The majority of the scholarship opportunities featured on the TFS Scholarships website come directly from colleges and universities, rather than solely from competitive national pools, thereby increasing the chances of finding scholarships.

“There are new scholarships posted on the site every month, each with different deadlines and time frames,” says Sorensen. “There is plenty of aid out there and a lot of it goes untouched. If a student is diligent, they’ll find it.”

TFS Scholarships also posts a new scholarship opportunity every day on its Twitter, Facebook and Instagram social media accounts (@TFSscholarships), making it easy to find new scholarship opportunities. “We call it ‘The Scholarship of the Day,’” says Sorensen. “Most of the scholarships are available for all students so if a student or their parents follow us, they will have the opportunity to apply for more than 300 scholarships every year from this source alone.”

TFS takes it a step further, digging deeper into localized scholarships. “If you wanted to go to Arizona State, for example, we have scholarships specific to that school,” says Sorensen.

Each month TFS adds more than 5,000 new scholarships to its database in an effort to stay current with national scholarship growth rates – maximizing the number of opportunities students have to earn funding for their education.

Once students have their scholarships in hand, how they manage them can have important implications. It is up to the student to inform the school of the scholarship.

“The truth is, the money is going to be sent to the school in most cases,” says Sorensen. “If the money is going to tuition and books, it’s tax free. But it is taxable if they use it for living expenses. And if students get more money in scholarships than their direct expenses, they get the difference back from the school,” says Sorensen.

The TFS website also provides financial aid information, resources about federal and private student loan programs, and a Career Aptitude Quiz that helps students identify the degrees and professions that best fit their skills.

Thanks to the financial support of Wells Fargo, TFS has remained a free, online service that effectively connects students with college funding resources to fuel their academic future. “Students trust us with a lot of their personal information and we respect that,” says Sorensen. “With TFS, they never have to be worried about being bombarded by spam.”

For more information about Tuition Funding Sources visit tuitionfundingsources.com.

About TFS Scholarships

TFS Scholarships (TFS) is an independent service that provides free access to scholarship opportunities for aspiring and current undergraduate, graduate, and professional students. Founded in 1987, TFS began as a passion project to help students and has grown into the most comprehensive online resource for higher education funding. Today, TFS is a trusted place where students and families enjoy free access to more than 7 million scholarships representing more than $41 billion in college funding. In addition to its vast database that’s refreshed with 5,000 new scholarships every month, TFS also offers information about career planning, financial aid, and federal and private student loan programs as part of its commitment to helping students fund their future. Learn more at tuitionfundingsources.com.

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Memo to the Silicon Valley boys’ club: Arlan Hamilton has no time for your BS

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Backstage in the greenroom of the podcast festival where she’s scheduled to appear, Arlan Hamilton is quietly singing the lyrics to Janet Jackson’s “Control.” She’d like to walk on stage as the song plays, but the festival crew has copyright concerns. So instead, she is shimmying offstage in her chair, half-humming the chorus under her breath: “I’m in control / Never gonna stop / Control / To get what I want / Control / I like to have a lot.”

Like everything Hamilton does, the song request is equal parts self-aware and unapologetic. Hamilton knows that she stands out—she is the only black, queer woman to have ever built a venture capital firm from scratch. She also knows that she has a reputation for being direct, particularly when it comes to Silicon Valley biases, and how her own story is portrayed. (Indeed, the song is a jab at Gimlet Media, the podcast festival hosts, who devoted an entire episode of their StartUp series on her to what they saw as her sometimes counterproductive need for control.) But Hamilton exudes calm, even as she attempts, through her L.A.-based firm, Backstage Capital, the near impossible task of disrupting the way that venture investors pick winners and create wealth.

“It was crazy to me that 90% of venture funding was going to white men, when that is not how innovation, intelligence, and drive is dispersed in the real world,” she tells me. “I had no background in finance, but I just saw it as a problem. Maybe it’s because I was coming from such a different place that I could recognize it.”

Three years ago, the then 34-year-old Hamilton arrived in Silicon Valley with no college degree, no network, no money, and a singular focus: to invest in underrepresented founders by becoming a venture capitalist. The story of how the former music-tour manager studied up on investing from her home in Pearland, Texas, and pushed her way into the rarified world of venture capital, scoring investments from the likes of Marc Andreessen and Chris Sacca, has become legendary in the industry. After making contact with Y Combinator president Sam Altman, she bought a one-way ticket to San Francisco. For months she stalked investors by day and slept on the floor of the San Francisco airport at night. She was broke. Finally, in September 2015, she got her first check, for $25,000, from Bay Area angel investor Susan Kimberlin, who believed in Hamilton’s vision that the Valley’s lack of diversity wasn’t a talent-pipeline problem as much as a resources problem: Diverse entrepreneurs needed money. With Kimberlin’s endorsement, Hamilton created Backstage Capital and began investing. Other funding soon followed, from backers including Slack CEO Stewart Butterfield and Box CEO Aaron Levie. This past June, Hamilton announced that Backstage had exhausted its first three seed funds, doling out between $25,000 and $100,000 to 100 startups in everything from beauty products to business analytics. And at all 100, at least one founder is a woman, person of color, or someone who identifies as LGBTQ.

Now Hamilton is gearing up for Backstage’s next chapter, a $36 million fund dedicated exclusively to black women founders, a demographic that’s glaringly absent in Silicon Valley: Just three dozen black women entrepreneurs, nationwide, have raised more than $1 million in venture funding. Hamilton calls her latest initiative the “It’s about damn time fund.” Her first two $1 million investments, to be announced before the end of the year, will go to existing Backstage portfolio companies. And that’s just the start. This spring, Hamilton will launch the Backstage Accelerator to foster early-stage startups with locations slated for L.A., Philadelphia, and London. She’s also laying the groundwork for a $100 million fund to provide underrepresented founders with even larger checks.

Every nascent VC is under pressure to demonstrate success—Hamilton even more so. Those in Silicon Valley who believe that the next Facebook will be created by a woman or person of color are watching her portfolio closely. Others view Backstage with more skepticism, seeing her funds as relatively inexpensive ways for investors to appear committed to diversity without having to do the hard work internally.

Hamilton shrugs it off. In an industry where privilege begets privilege—and at a time when racial justice in this country seems precarious, at best—she is claiming her seat at the table. “How much of a fist in the air would it be to just be obnoxiously wealthy as a gay black woman?” she wonders. “And [how powerful] to be able to help other people do the same?”

Continue onto Fast Company to read the complete article.