Archive | Inspiring Women

3 tips on raising children from Michelle Obama

3 tips on raising children from Michelle Obama

With so much focus on Barack, we were interested in seeing what his first lady, Michelle Obama, had to say about child rearing.  As a mother of two young children, it’s interesting to read her views on raising a family.

Know when to fold them: In an interview aired in September on the season premiere of “The Ellen DeGeneres Show,” Michelle Obama was asked whether she and her husband were planning to have a third child.

“I think I’m done,” Ms. Obama told Ms. DeGeneres. “I think our third child is this campaign.”

Co-opt their father into helping more:  From The Chicago Sun Times, “Michelle keeps him very grounded. She makes him throw out the trash,” said Davila.  “He makes the bed when he’s in town. They are a couple. He’s a husband and father, so when he’s home he has to do things the way other people do them.”

Incorporate more snuggle time: From the Wall Street Journal, Michelle Obama talks about the effects of the presidential campaign on family life.

WSJ: With Mr. Obama traveling almost nonstop, are you doing anything differently with your daughters?

Michelle Obama: Without Barack there in the morning, the girls and I have “snuggle time” in my bed. I turn on the lights and we stay there cuddling … have deep conversations and talk about what it would be like if we could stay in bed all day but that wouldn’t be realistic, we wouldn’t learn to read…

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The Mom Entrepreneur to recognize 30 inspirational women over 30 days

The Mom Entrepreneur to recognize 30 inspirational women over 30 days

Barrington, NH: The down-turned economy has left many small business owners wondering what the future holds for them.  The fear of losing their business has encouraged several mom entrepreneurs to look for opportunity while others cut spending and layoff employees.

Thirty inspirational women will be highlighted over a period of 30 days on The Mom Entrepreneur blog <http://www.themomentrepreneur.blogspot.com> , which offers tips, advice and resources for balancing motherhood with running a company. These mom entrepreneurs’ stories demonstrate how these amazing women have decided to make “lemonade from lemons” using a little creative ingenuity.

“I have received dozens of emails from mom entrepreneurs all over the country telling me their “glass is half-full” stories,” said Traci Bisson, owner and founder of The Mom Entrepreneur <http://www.themomentrepreneur.com> .  ”From Misty Gibbs, owner of My
Inspiration Lounge whose vision is to “help women feel empowered, especially during this time, so they can take control of their lives and become better prepared for future downturns,” to Sarah Laufer, owner of Play Outdoors whose business launched in 2008. Laufer has decided to focus on “being who we are and continuing with our goal of creating a place where parents and kids are encouraged to get outdoors”.

These women and 28 more will be featured in a 30-day inspirational story marathon starting November 15 and concluding on December 14.

Mike Michalowicz <http://www.toiletpaperentrepreneur.com/author/index.php> , author of “The Toilet Paper Entrepreneur” (Obsidian Launch, LLC, 2008), in a guest post for The Mom Entrepreneur said “so here we sit, as entrepreneurs, on an economy that sucks. It will either revive over the next year or two or even perhaps die. But one thing for sure, it will get worse before it gets better. And it is now, right in this moment, that it is the best time to
start a business.”

The 30 stories in 30 days marathon will highlight mom entrepreneurs who also feel that now is the best time to start or grow a business because even in a sour economy lies optimism, promise and positive change.

To learn more about The Mom Entrepreneur and to follow the 30-day inspirational story marathon, visit www.themomentrepreneur.com.

About The Mom Entrepreneur:
Traci Bisson has been a mom since February 2000 and an entrepreneur since August 2000. Eight weeks after she returned from maternity leave, the company where she had been employed for five years went out of business. She decided to try doing her own thing and failed miserably. After another year of working for two different companies (the first laid off the department she worked in and the other was showing signs of going under), Bisson
decided to try entrepreneurship again.

Raising her two children and growing her first company, Bisson Barcelona <http://www.bissonbarcelona.com/> , an image management and high visibility PR firm, have been both challenging and rewarding.

Bisson started The Mom Entrepreneur in April 2008 as more of a hobby. She began blogging about her challenges and successes. That same month, she sent a query out through two news channels looking for tips on balancing family and business in order to generate some additional content for her blog. Bisson anticipated she would connect with a few other mom entrepreneurs, interview them and post their stories on her blog. In less then 48 hours she had received 400 emails with more then 1,000 tips from mom entrepreneurs all over the world.

From that point, The Mom Entrepreneur started to grow. The company added The Mom Entrepreneur Support Group
<http://themomentrepreneur.wordpress.com/support-group/>  in June, which now
has over 225 members who discuss everything from potty training to how to use Twitter.

Bisson’s story has been told in dozens of publications, including the Associated Press <http://www.bissonbarcelona.com/PDFs/WP_press.pdf> , National Federation of Independent Business (NFIB.com)
<http://www.nfib.com/object/IO_32411.html> , Women’s Business Boston Journal
<http://www.seacoastonline.com/apps/pbcs.dll/article?AID=/20080427/BIZ/80427
0319/-1/rss50
> , Plan Ahead Get Ahead (cover story), Union Leader
<http://www.bissonbarcelona.com/PDFs/UL_press.pdf> , The Portsmouth Herald
<http://archive.seacoastonline.com/2005news/12022005/business/75996.htm> ,
Our Times <http://portsmouthnhemployment.com/2002ourtimes/6_1k_ot.htm>  and
Seacoast Ventures
<http://www.seacoastventures.net/entrepreneur/0107ent.html> .

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Mamas for Obama

Mamas for Obama

I recently received information from Betsy Storm, principal of Top Drawer Communications located in Chicago, Illinois about a new endeavor she started. The Mom Entrepreneur endorses Barack Obama so I was intrigued to learn what Betsy was doing to create awareness as well as increase her business. Here is her story…

“About eight months ago, I decided to boost my business while doing something good for the Obama Campaign at the same time. I used my knowledge of graphics, printing, marketing and PR in general to design and produce a limited-edition (500) high-quality long-sleeve T-shirt sporting the slogan “Mamas for Obama Know the Power of Voting.” The T-shirt, printed in front and back in color, has been a moneymaker for my business, a great way to raise awareness of my communications business and a fundraiser for the Obama Campaign. I will give $1,000 of the proceeds of the sale of the T-shirt to the Obama Campaign within a couple of weeks.”
Here is a link to her Web site for more information or to purchase a T-shirt and show your support: http://www.topdrawercommunications.com/mamas_for_obama.htm.

Traci Bisson has been a mom since February 2000 and an entrepreneur since August 2000. Eight weeks after she returned from maternity leave, the company where she had been employed for five years went out of business. She decided to try doing her own thing and failed miserably. After another year of working for two different companies (the first laid off the department she worked in and the other was showing signs of going under), she decided to try entrepreneurship again. Raising her two children and growing her company, Bisson Barcelona, has been both challenging and rewarding. Her story has been told in dozens of publications, including the Associated Press, National Federation of Independent Business (NFIB.com), Plan Ahead Get Ahead (cover story), Union Leader, The Portsmouth Herald, Our Times and Seacoast Ventures.

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Pushing It Palin-Style

Pushing It Palin-Style

During one of our water breaks on our long Sunday runs, Tiffany asked me what time I put down on the application for the Disney Marathon.  

“Well, if I run at my slowest pace of 11 minute miles, that’s 55 minutes to run 5 miles.  Given that pace, I figure I should finish it in about 5 hours, right?” 

“Good!  That’s what I thought, too!” Tiffany replied.  “My goal is to beat Katie Holmes’s time: 5:29:58.” 

“Oh we could so beat her!”  We’ll kick Katie Holmes’s a$$!” 

Then, this past week, Tiffany asked me if I knew that Palin ran a marathon. 

“Palin ran a marathon?” 

“Yeah, it was in Runner World.  Her time was 3:59:36.” 

“How old was she?  Wow.  The other Denise was right.  She is a super woman.  She is a machine, but I still ain’t voting for her.” 

I began to visualize Palin running a marathon along the icy polar caps of Alaska while holding a rifle and shooting baby seals.  How does a mother of five and a governor find time to train for a marathon?  How can she be that fast?  She simply can not be human.

 

 

My training trance was abruptly interrupted when Lori commented on how my pace suddenly picked up a bit.  

“Well, I thought we only had to be Katie Holmes.  Now, I have to beat Palin’s time!” 

Indeed, Palin did run a marathon at the fabulous age of 41.  She ranked 15th place in her division and 63rd out of 203 runners. 

If I can’t beat her time in January or February, then it’s something for me to strive when I hit the big 4-0! 

Other Politicians Who Have Run Marathons

  • George W. Bush, Houston Marathon 1993 (3:44:52)
  • Michael Dukakis, Governor of Massachusetts, Boston Marathon 1951 (3:31:00)
  • John Edwards, Marine Corps Marathon 1983 (3:30:18)
  • Bill Frist, Marine Corps Marathon 1997 (4:54:36)
  • Al Gore, Marine Corps Marathon 1997 (4:58:25) :-)
  • Mike Huckabee, Governor of Arkansas, Little Rock Marathon 2005 (4:39:04)
  • Tom Vilsack, Governor of Iowa, Little Rock Marathon 2005 (5:28:39)
  •  Clarence Thomas, U.S. Supreme Court Justice, Marine Corps Marathon (3:11:xx) 1979

 

Celebrities Times I have to Beat

  • Katie Holmes, New York City Marathon 2007 (5:29:58)
  • Oprah Winfrey, Marine Corps Marathon 1994 (4:29:20)    
  • Will Ferrell, Boston Marathon 2003 (3:56:12) -As if I could run that fast!  LOL
  • David Lee Roth, New York City Marathon 1987 (6:04:43) - I could so kick his rocking a$$!
  • Mario López, Saved by the Bell, Boston Marathon 2002 (5:41:41)

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Inspiring Women: Interview with Jamia Jasper

Inspiring Women: Interview with Jamia Jasper

 

 

 

 

Tell us about your business and your background?

As part of a new feature featuring female entrepreneurs, BizzyWomen had the chance to sit down with mutual fund manager Jamia C. Jasper. She is the portfolio manager of the American Israeli Shared Values Capital Appreciation Fund and has been responsible for the Fund since its inception in 2007. Ms. Jasper  has committed her own capital to establish and launch the Fund and its investment advisor.

Ms. Jasper’s background includes nearly a decade in investments and financial services and several years as a staffer in the US House of Representatives. Jamia was most recently with the Bank of New York, where her responsibilities included the financial analysis of public companies. Prior to joining the Bank, Jamia worked for Jones Lang LaSalle, a leading real estate and investment management firm. Ms. Jasper holds a BA in International Relations from the University of Southern California and an MBA from Cornell University.

 

Jamia Jasper: In December 2007 I launched the American Israeli Shared Values Fund, a mutual fund that invests in the stocks of Israeli companies and U.S. companies that do business with Israel. In addition to the primary goal of long-term capital appreciation for investors, the Fund provides a way for investors to take advantage of the dynamic companies started in Israel.

My educational background includes a BA in International Relations and an MBA.  My career background includes working on Capitol Hill, in commercial real estate and in finance.  I have used all these experiences to combine my skills in investing with my interest in international affairs to launch this Fund. 

What was the inspiration to start your own mutual fund?

JJ: I noticed that many interesting technologies were coming out of Israel and that many of their stocks traded in the US. Israeli companies are conservatively managed with low valuations, allowing for significant appreciation potential. I did well with my initial investments and began looking for other ways to invest in Israel. At the time, there was one index Fund for Israeli stocks and no actively managed mutual funds. I was very surprised that a big investment house had not already created an Israeli mutual fund. I decided to create one to satisfy the needs of other investors looking to invest in Israel, whether for investment purposes or for a show of solidarity. 

What’s it like to work in a predominantly-male field?

JJ: I have always worked in male-dominated fields such as politics, commercial real estate and finance. I am sure female-dominated fields have their challenges as well. What is most important is to have someone along the way who respects you and helps you open new doors.  When that does not happen, it is hard to move ahead.  A big lesson I have learned is that you need to “blow your own horn” and let people know what you are doing and have accomplished.  I always had trouble with that, thinking it would be obvious. To generalize, I would say that women are less inclined to promote themselves than men.   

What’s your advice for other women looking to start their own businesses or funds?

JJ: First, make sure your idea is a niche product or service and try to find out why it has not been done before.  Then figure out as much as possible what it will cost you to start and maintain the business. Be very detailed and realistic. This is best done by speaking with people in similar businesses and with the service providers to those businesses.  Many people will try to dissuade you, but if you are truly on to something, you will hear that as well.  Don’t be afraid of taking a risk, but make it as informed as possible. 

In a high-pressure field, do you have any advice in terms of making time for yourself?

JJ: Exercise is the single best way to relieve stress and make time for yourself away from all your other responsibilities.  Plus I have found that I also make some great decisions while my mind is relaxing on a good run in the park.  It is multi-tasking at its best!

Thanks.

This interview shouldn’t be taken as a solicitation or recommendation to buy or sell securities. The views and opinions are solely of the interviewee, and are not  that of Bizzywomen.com. You should not consider the information  here to consist in any way of investment advice, and you should speak with your own adviser and do your own research before making any investment decisions.

It is important to understand that share price, principal value and return will vary, and you may have a gain or loss when you sell your shares.  All mutual funds can be affected by market and investment style risk.  The Fund’s investments in small and mid capitalization companies could experience greater volatility than investments in large capitalization companies.  Request a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and carefully consider before investing.  A prospectus can be obtained by calling your investment professional.

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Maybe Sarah Palin is Getting Through To Me, After All

Maybe Sarah Palin is Getting Through To Me, After All

Catching a fish is no easy feat.

Catching a fish is no easy feat.

While certain countries, such as Japan and Peru, show an increase in the # of female entrepreneurs, by in large, men are twice as likely to start their own businesses as women. More than that, there are very few dissimilitudes in the way both genders approach business to account for the disparity.

So what’s stopping us?

Well, for one, GEM’s study finds that women tend to be less optimistic about the risk of starting a new business or making a change. This causes women to be less confident about their ventures and as a result, the fear of failure kicks in and results in a flight response.

While fear of failure has often been attributed to killing a women’s drive, and I, for one, am no less of a chicken, in this regard, how do we go about dispelling that fear and ridding it from our consciousness?

Getting personal for a second, when I had a miscarriage earlier this year (from which I’m still reeling from a bit), my gut reaction was what an absolute failure I was. I had a similar reaction when I lost my job, a month after I had my miscarriage. It wasn’t quite as severe, but I the same feelings of shame surfaced again.

I was angry at myself for feeling like a loser, but came to realize, that falling short is perhaps a woman’s greatest insecurity. Just look at how we’re conditioned from our youth to find, not just any Alpha Male to mate with, but the one with the right genetic combination to satisfy the lofty expectations of our family and friends, and if we’re lucky to meet our own. We have to compete with how many other women? (aside from mom, sister and ex-girlfriends?)

So how do we empower women to feel confident and optimistic about change and risk without tapping into their deep-seated fears about their competencies? In short, how do we level the playing field?

The United Nations is working on an initiative called “gender mainstreaming” that is about identifying gaps and bridging understanding in developing countries. In Lativa, women-owned businesses favor hiring women and it’s proved to be an effective way of ushering a new generation of women into the workforce there. And in Finland, women-owned businesses show the most profitability so they are exploring ways to make executive roles more gender-neutral and merit-based. (as opposed to the ‘ol boys network)

With the word “Change” being tossed around like some cheap dime store whiskey lately in presidential campaigning, I’m hesitant to cheapen a sentiment here. Let’s just say the world won’t get better overnight, but progress can and should be made everyday.

Worker Biatch is a wannabe Gen Xer (or “Millenial” as those labelists like to emphatically reduce her existence to) that has spent too much time in a cubicle. It’s a good thing she doesn’t go by labels or should might more accurately describe herself as a cusp middle child, stuck somewhere between the Xs and the Ys. Whatever the case may be, she’s accumulated some serious material over her years. She’s convinced this material hasn’t been too kind to her fragile psyche, but has made her a much wiser person overall and most likely funnier as a result.

To contact Workerbiatch, hit her up at workerbiatch@yahoo.com.

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Can a Mom be a Vice President? 3 Opinions

Can a Mom be a Vice President? 3 Opinions

I find the whole argument about whether a ‘mom can be a VP’ to be quite obnoxious and sexist, and I am a man! There is no question that opening up a national dialogue about the role of a mother in society is very important, but so far most of arguments have been made with a political agenda at the forefront. Let’s forget about what I think, let’s take a look at a few blogs and see what other are saying.

Matt Lewis at Townhall.com says, “I’m honestly surprised that the media is questioning whether or not being a mom should disqualify someone from being vice president.  I wonder what Hillary Clinton thinks of how this story has turned.  She obviously felt the media were sexist — particularly MSNBC.  It also reminds me of Shirley Chisholm, who famously believed that her presidential chances were harmed more by being a woman than by being African-American.”

Over at Huffington Post, Hanna Ingber Win has an interesting take. She believes that women should be able pursue any career that they want to but she questions what kind of mother can work around the clock and still be a mother. She says, ” But running on a national ticket months after your child was born? Let alone a son who has Downs Syndrome and therefore under the best of circumstances is going to need every last bit of attention. How can one possibly be an involved and nurturing parent while campaigning in such a heated race? You can be a great mother and work. But you can’t be a great mother and work 80 hours a week. There is no way you are a great mother if you are not there.”

BTW- She also goes after Obama, who rightly preaches on the importance of father involvement with raising kids, on how he can be an involved father running for and hoping to be president.

OpMom keeps it simple. She says, “She is 44, the mother of five, her youngest is 4 months old and has down syndrome.  I am thinking this woman has better things to do with her time than campaign 24/7!”

Clearly the choice to have Gov. Palin as the republican VP candidate, has opened up a dialogue about a mother’s career choice. Let’s hope that sexism plays a lesser role and the dialogue can focus on the real issues.

Posted in Career, Inspiring Women, ParentingComments (3)

Interview with VC power broker, Anat Segal

Interview with VC power broker, Anat Segal

Please tell us about Xenia?
Anat Segal, CEO: Xenia is an investment firm founded in mid-2003 by a group of entrepreneurs with the vision of being an incubation powerhouse, engaged in the initiation and building of successful high-tech companies in the areas of IT and medical devices. I would say that there are two main similarities we share with traditional Venture Capital (VC) firms.  We invest in startups in return for equity, and the terms of our deals are similar.

What are the differences?
AS: One of the differences is that our investments are in really, really early stage companies. What are   typically referred to as seed and pre-seed stage deals. We establish the company alongside the entrepreneur. Our money is typically the first money in the firm. Sometimes there is friend-and-family round.  We are first and foremost an investment firm. We base ourselves on the unique structure of the Israeli incubator model.

Our business model is to transform an idea into a business and provide these companies with all the services, mentoring, systems, etc. that they need. We provide all the layers that our companies need: the physical layer (office space, whatever they need to operate), basic services layer (financial, legal, bookkeeping/accounting), and the people layer (most important in transforming ideas into viable business).  There are definitely advantages of scale in this model.

If you look at our website (www.xenia.co.il ) you will find that within our core team and board, most of them are successful entrepreneurs themselves. Thus, we can provide real experience and know-how to our portfolio companies. We have invested in 18 portfolio companies of which 9 have graduated from the incubator structure — of these, 8 have raised additional funds and the 9th is in deal mode.

Another unique difference is that we are a publicly-traded company on the Tel-Aviv Stock Exchange (TASE). We just recently completed a rights offering where most of our shareholders participated. The fact that we are publicly traded provides a model where we can raise additional funds and follow-on offerings.

Given the fact that you’re publicly traded, how do investors profit?
AS: Investors benefit from an increase in the value of our portfolio with upside for exits. For foreign investors, the fact that we are publicly traded means that they can access local Israeli hi-tech early stage companies via a public market investment.

You mentioned the Israeli incubator model. Can you explain how it works?
AS: From a financial model, 15 years ago, the State of Israel created an incubator model, which was ultimately privatized about 4 years ago. The franchise provided the ability for us to get monies in the form of loans from the Chief Scientist. Our obligation is to operate the incubator but the main benefit is that these funds are granted as loans with all the equity of the upside. Non-recourse loans mean that our upside is leveraged.

Which spaces are you looking to invest in?
AS: We are focused on traditional IT (ie. Internet, software, communications) as well as medical devices and related industries. I must stress that we are not focused on biotech, but instead look for the intersection between devices and drugs, like drug delivery platforms.

What about Cleantech which is so hot right now?
AS: We certainly have a lot of deal flow in the Cleantech space, but we don’t have special expertise in this space.  Given that our investments are really opportunistic, we are looking at everything.  There are other specific funds focused on Cleantech.

Can you tell us about some of your portfolio companies?
AS: We have a company called NeatStitch. Their medical device has FDA approval for internal suturing for laparoscopic procedures. They have developed a patented automated suturing technology primarily targeting the Port & Vessel Closure markets. The device is of small dimensions, easy to use and fast to deploy.  NeatStitch has leading surgeons on its advisory board. Our holdings are worth more than 20x what we invested after only 4 years.

Another company we are invested in is BioProtect. They produce biodegradable balloons for tissue separation. It’s really a platform technology used for a couple of things: radiation treatment for prostate treatments and treatment of rotator cuffs (bringing immediate relief). The company has additional applications as well. With their balloons, radiation can be doubled and tripled without damaging adjacent tissue, as the balloon separates the healthy tissue from the unhealthy. Clinical trials have started in Israel, with US trials expected to begin shortly.  They have submitted an application to the FDA, and expect approval by end of 2008.

Another example of a company we are incubating in Link-it. They are developing a visual search engine. Their technology can search using photos, enables identification of objects/faces, and is able to generate exact matches even among large databases. They are starting pilots with various ecommerce sites and raising funds in the U.S.

How is your portfolio valued as you are publicly traded?
AS: Especially since the market is depressed, the market may not accurately value our holdings. Our rights offering gives investors a way to participate when prices are depressed. Net Asset Value (NAV) is typically calculated on the last stage of financing while other investments are calculated at cost, tangible assets.

Since your model is different than traditional VC’s, where do you profit?
AS: The goal is for our stock holdings to appreciate. I am shareholder myself and we gain from exits and dividend distributions. Our goal is to grow a large investment portfolio.

Very interesting. Thanks.

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The Next ‘Crocs,’ Direct From Tel Aviv

The Next ‘Crocs,’ Direct From Tel Aviv

Sick of donning those goofy, “clown shoes with holes” known as Crocs — but can’t resist the obvious comfort factor? Well, there’s a new plastic sandal in town, and it’s direct from Israel. The Hoki sandal, popularized by Tel Aviv-based former executive producer Shlomit Slavin, has hit boutiques on the Upper West Side of Manhattan, in Brooklyn’s Williamsburg and Park Slope, and can be purchased online at Ravinstyle.com.

The unisex sandals are made from recycled plastic and come in three styles and eight neon colors. Unlike Crocs, they’re equipped with an orthopedic sole and an inch-high wedged heel, offering extra support. The Hoki sandals have been featured in Elle, the April issue of the French Cosmopolitan and the daily fashion and style e-newsletter, DailyCandy. And Israeli celebrities, including singer Gal Uchovsky and comedian Uri Gotliv, have been spotted wearing Hoki sandals.

Part of Hoki’s draw is its deeply entrenched history. Half a century ago, the sandals were commonplace among housewives and old men working at the docks near Tel Aviv, those who wore the grubby-looking sandals while spending all day on their feet.

Slavin, 40, discovered an old pair of what would become the Hoki sandals while bicycling along Jaffa Road during the summer of 2006. “It was a very industrial road with very ugly stores,” she says. “It looked like Downtown Broadway near Chinatown 10 to 15 years ago.” As she was riding past the storefront, she spotted what she calls an “old man’s store” with dozens of dusty shoes strewn across a net. “For 50 years, he’s taking this net outside, never cleaning it,” she jokes. Something about the shop caught her eye (“I hate malls,” she says), and so she got off her bike to take a better look. Lo and behold, the shop owner unveiled a single pair of blue sandals in her size, which she says was a miracle since she’s a “38,” a very popular size. She bought the sandals for 20 shekels (about $6) and put them right on. “When I buy something, I always want to wear it immediately,” she explains.

Upon arriving back home, she turned the shoe over and noticed the name of the factory — Zivanit, a factory run by a kibbutz in the Golan Heights— written on the sole. Slavin called up Kibbutz Ein Zivan, where the man in charge told her that they hadn’t manufactured the sandals in at least 15 years. She pressed on — “I was obsessed with this,” she admits — until discovering that the kibbutz had sold its molds to another factory named Dafna.

So Slavin set up a meeting with the CEO of Dafna. She brought her flip-flop with her and told him about her plans to create a “new thing in fashion” in which she’d manufacture and market the retro sandals in vivid colors — shocking reds, metallic purples, bright pinks and shiny blues. In her mind, she would create a fashion fad by reviving the poor man’s footwear. “It’s a romantic story,” she says. “I took a sandal from the lower class and put it at the forefront of the fashion stage.”

ut first she faced more hurdles. The Dafna factory had thrown away many of the molds it had bought and converted the rest to steel, and the

CEO worried that the mold for the sandals no longer existed. Creating a new mold would cost thousands of dollars. And the CEO couldn’t understand why Slavin would be interested in the decidedly un-hip sandals. “He looked at me and must have asked himself, ‘Who is this kookoo coming over here?’” she says. She left his office slightly defeated.

But less than 24 hours later, Slavin received the call she had been hoping for. The Dafna factory had located the old mold and was willing to give it to her — rights included — for free. “They didn’t recognize the potential,” she says.

By February 2007, Slavin had arranged for the Dafna factory to produce 3,500 pairs of the plastic sandals in yellow, red, khaki and pearl white. She then assumed the role of publicity agent, singling out stores in Tel Aviv that she hoped would carry her sandals. Katomenta, the first store to carry the Hoki line in Israel, sold them for 119 shekels (about $35). “Everybody who thinks he’s someone buys there,” she says.

The company’s name, Hoki, is distinctly Japanese, not Hebrew. “I knew I wasn’t going to do business just in Israel, so I looked for some kind of name that everybody can say,” Slavin says. To help brainstorm names, Slavin made an appointment with the head of the Japanese embassy in Israel. The Japanese representative insisted that she come back with a pair of sandals in tow, adding that he had to see the product first to ensure she wasn’t insulting the Japanese language. Once she returned with the product, the Japanese representative suggested the name Hoki, which means a street broom (the Japanese have at least eight words for brooms, Slavin learned).

In 2007, Hoki sold more than 30,000 plastic sandals, bringing in revenues of $300,000. What’s the secret behind Hoki’s growing popularity? “They’re very comfortable,” Slavin says. “OK, it’s plastic. Sometimes you sweat in them. But the story behind them is very compelling. People like to buy something with a story.”

The business has largely been run like a “one-man band,” as Slavin describes it, with a sister managing the finances, a business partner in the south of France and individual distributors focused on placing the shoes in specialty stores in Europe, Canada, Asia and now New York.

Two months ago, Slavin scored big when a Brooklyn businessman who had previously invested in Crocs purchased a 45 percent stake in Slavin’s company. Slavin is currently developing a line of boots in addition to a jewelry line and new flip-flop designs. She’s also working on a line of purses, inspired by her grandmother’s collection.

“I hope it will be the next Crocs in the sales point of view,” she says. “But not in terms of fashion. Crocs are not fashionable.”

E-mail: tamar@jewishweek.org.

Posted in Business 101, Fashion, Highlights, Inspiring Women, LifestyleComments (0)

Female Wealth on the Rise as Number of Billionaire Spikes

Female Wealth on the Rise as Number of Billionaire Spikes

On a day when we hear of four female suicide bombers killing more than 57 people in Iraq, it’s refreshing to read in Forbes that the number of female billionaires is up. More interesting is the number who didn’t inherit the money, rather as entrepreneurs, built successful businesses.

According to a report in Forbes there are now 7 billionaire women under the age of 40, a big increase over last year when there were just 2. This bring to 20, the number of female billionaires under the age of 50.

Another interesting fact is that of the five female billionaires in their 30’s, four hail from Turkey.

According to the Forbes report, four of the woman made their own money: “ Chinese billionaire Zhang Xin, 43, worked in a factory stitching apparel in Hong Kong at age 14 before eventually getting a master’s at Cambridge University. Today she and her husband Pan Shiyi run one of China’s most successful property developers, SOHO China, known for its sleek and modern buildings across the country.”

What’s interesting is that these women made their fortunes in predominantly male dominated businesses, like construction, tobacco and real estate.

The 4th woman is perhaps the most famous of them all. According to the report: ”British novelist Joanne (J.K.) Rowling, 42, formerly a struggling single mother who lived on welfare. That was before she penned the immensely popular Harry Potter series about a boy wizard and eventually transformed herself into the world’s only billionaire author. ”

The fact that these women are young means that they have plenty of time to grow their enterprises and and take on corporate roles, and make a big impact on the global economy.

Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

Posted in Inspiring Women, WealthComments (0)

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