FOR IMMEDIATE RELEASE
February 14, 2017
DENVER, Co – Women Entrepreneurs and Business Owners’ (WEBO) Network women’s business networking group was recently launched to offer opportunities for independent women in business through relationship building, education, mentorship, and alliances. Primarily targeted to women business owners and solopreneurs with revenues under $500,000 WEBO offers free monthly events and programs that support these female leaders in their personal and professional development. The group’s tagline “Connect. Support. Grow.” embodies its mission to provide a forum for women entrepreneurs and business owners to expand their professional networks and growing their businesses while supporting, encouraging and learning from each other.
When asked about the reasons behind creating this new women’s business networking group, Katherine McGraw Patterson, Founder of WEBO and a solopreneur herself since 1999, says that she searched for years for a business group that supported her goals not only for growing her business through new clients and contracts, but also for personal and professional development. “My dream was to find a community of like-minded business owners with whom I could share experiences and knowledge so that we all grew together,” she says.
The challenge, according to Patterson, was the size of her business. In her research, she found the typical networking organizations didn’t offer the type of masterminding and business development support she sought. While the groups that did offer these programs and resources had high barriers to membership.
“Many of the entrepreneurial groups I found had minimum revenue requirements of $500,000 to $1 million a year,” says Patterson. “I wish I qualified for that, but I just don’t.”
As a business coach who works with other women entrepreneurs, Patterson realized that there was a real need for programs to support those women-owned businesses and solopreneurs with revenues under $500,000. “These women want to be the best they can be at $25,000, $50,000, or $100,000 a year,” she says, “they need resources and support just as much, if not more, than the million dollar businesses.”
Patterson points to statistics from The American Express OPEN 2016 State of Women-Owned Businesses Report which show that only 3% of the more than 11 million women-owned firms in the US generate more than $500,000 in revenues. In addition, growth by non-employer women-owned firms (solopreneurs) has increased 44% since 2007.
Patterson says the quick growth of WEBO membership supports her theory that these small businesses are “hungry for” connection, support, and resources. Founded as a private Facebook group in September 2016, WEBO’s online membership has quickly grown to more than 300 between that platform and the group’s Meetup.com page. In January, WEBOs began to meet in person at free monthly events, including free lunches and education/trainings:
- WEBOs Lunch combines “typical” networking activities like introductions, business card exchanges, and an opportunity to share promotions or special offers, along with open discussion and activities designed to create a greater sense of connection and community, strengthening members’ networks and presenting more opportunities to grow.
- WEBOs Learn is a free monthly growth and learning opportunity featuring local business and life experts who offer presentations and discussions that are motivating, inspiring, and educational and offer real takeaways members can employ in their business to fuel growth.
For members who want more intensive, focused strategies and resources for business growth, WEBO offers Power Circles, a unique combination of group coaching and peer advice. Power Circles are small groups of non-competitive businesses that offer women the opportunity to drill down on the unique challenges and opportunities they are facing and brainstorm solutions. Membership in Power Circles is $400 for six months. The next enrollment period will take place in June.
Patterson says there are plans for professional book groups, leads groups, an online directory, and more ways to engage as WEBO grows in 2017.
Full details and descriptions of WEBO events and programs can be found at https://webonetwork.com/.
Membership in WEBO is currently free and open to any woman entrepreneur or business owner in the Denver/Boulder area.
Women entrepreneurs and business owners are invited to join us at our upcoming events:
- WEBOs Learn, Tuesday, February 28, 10:30 – 11:30 a.m. at Switchboard Networking Boutique, Westminster.
- WEBOs Lunch, Thursday, March 9, 1:30– 3:00 p.m. at The Lazy Dog, Westminster.
Find WEBO on the following channels:
Facebook group: https://www.facebook.com/groups/WEBONetwork
Meetup Page: https://www.meetup.com/WEBONetwork/