Cindi Leive

GREAT ADVICE

 

WOMEN RULE: EMPOWERING ENTREPRENEURS PANEL WITH TORY BURCH & MELANNE VERVEER

 

Tory Burch and Melanne Verveer came together for a panel on empowering women entrepreneurs as part of Women Rule, TBF’s partnership with Politico and Google. Through a series of events, the collaboration aims to bring together women leaders and highlight changes in politics, policy and communities.

 


 

TORY BURCH

CEO and Designer, Tory Burch

 

ON WORK-LIFE BALANCE

“One of the biggest challenges for women is becoming a mother and managing work-life balance. When I had my third son I realized I could not keep up the pace and decided to take time off from work. During those four years I came
up with the concept for our company. I thought, ‘How can we support women to be great moms and leaders?’ We worry about the quality of the work, not
the quantity.”

 

ON MENTORSHIP

“Mentorship has been such a big part of my career. When I started my company I was an information gatherer — I went back to people I had worked with and got their advice. I leaned on it but then made my own decisions.”

 

ON PEER MENTORSHIP

“Peer-to-peer mentorship is important. Regardless of the business, many startups are experiencing the same problems. They can really help each other, form their own network and use each other’s products.”

 

ON THE POWER OF SOCIAL MEDIA

“Networking is key. Take advantage of connections you know. In the beginning we did not have a budget for advertising and we had to think creatively. Social media is a great, cost-effective way to build your business.”

 

ON WOMEN NOT HAVING AS MUCH DRIVE AS MEN

“Not even worth responding to.”

 


 

MELANNE VERVEER

Executive Director of the Georgetown Institute for Women, Peace and Security

 

ON SO-CALLED “WOMEN’S ISSUES”

“We can’t look at women’s issues solely as women’s issues. If women succeed, everybody succeeds. If women are prosperous, the world is more prosperous.”

 

ON WHY WOMEN ENTREPRENEURS MATTER

“Women drive economic growth. We know that from myriad sources and we have a growing body of data that speaks to it. If you want to create jobs and growth, women matter in very significant ways.”

 

ON WHY WOMEN ENTREPRENEURS MATTER, PART 2

“Women-owned businesses are accelerators of GDP. You have to invest in women entrepreneurs.... If the economy matters, then women matter.”

 

ON WOMEN & THE ECONOMY

“The World Economic Forum has an annual gender gap report. They do it because the countries where that gap is closer to being closed are more economically competitive and prosperous.”

 

ON WOMEN & THE ECONOMY, PART 2

“Look at the United States — women-owned businesses are outpacing male-owned businesses in terms of creation and yield. If you look at women’s economic participation in the last decade in the developed world, what women have produced in terms of helping the economy outpaces what China has contributed to the economy. We are talking about a lot of power.”

 

ON WOMEN & CHANGE

“Imagine how our world could change, how much our own country could benefit if this force were unleashed because you helped women overcome
the obstacles they confront? If we enable women to unleash their potential, there is no telling what we could do for ourselves, our countries and
our economies.”

 

ON ACCESS TO CAPITAL

“Access to capital is probably the biggest issue for women. I remember years ago I was with then-First Lady Hillary Clinton and a group of Hispanic entrepreneurs. One of them said something I have never forgotten: ‘You know Mrs. Clinton, the best ideas die in bank parking lots.’ And it is so true.”

 

ON WOMEN & THEIR COMMUNITIES

“Women invest their money differently. They invest it back into their families and communities. It raises the standard of living.”

 

ON NETWORKS

“Women need mentors and networks — and to be part of networks with people who can help get you to the next stage. ‘Network’ sounds like such a simple phrase, but it is filled with all kinds of opportunity.”