centre for women & enterprise talent management
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talent managementTRANSCRIPT
Centre for Women & Enterprise
https://www.youtube.com/watch?
v=6wtNutbrzGQ
The Centre for Women & Enterprise is a nationally known
non profit organization dedicated to helping people start
and grow their businesses. CWE has worked with more
than 30,200 Massachusetts and Rhode Island
entrepreneurs since 1995.
What is CWE
CWE provides opportunities for women entrepreneurs and
women in business to increase professional success, personal growth, and financial Independence
Mission
Education Training Technical assistance Women’s business enterprise certification
What they do
35% are low-income 30% are single mothers 38% are minorities 25% are unemployed 60% are start-ups 82% are retail or service businesses
Clients of CWE
Realize their dreams of starting a business
Grow and strengthen their existing business
Manage their finances, debt and savings
Achieve economic stability and prosperity
How CWE helps their clients
CWE Eastern Massachusetts Center, Boston
CWE Central Massachusetts Center, Worcester
CWE Rhode Island Center, Providence, RI
CWE has offices at different places
Officially opened on October 23, 1995 with founding
grants US SBA
Foundation of CWE
Andrea silbert left in 2004
Donna Mullen Good took the charge
In 2008 Susan Rittscher was selected to become CWE’s new
CEO.
NEW LEADERSHIP
Started by Andrea Silbert
Graduated from Harvard business school
She worked 2 years in morgan & Stanley
Worked with a graduate school of business
Andrea Silbert’ s path to social entrepreneurship
Rooted in her growing up experience
Both physician parents had placed work and public services
History
Rooted in her growing up experience
Both physician parents had placed work and public services
Her mother was determined to find lowest cost way
Andrea Silbert’s path to Social Entrepreneurship
Fundraising
Visibility - building
Developing network
Cultivating alliances with Boston areas
colleges
Andrea had performed major activities
To meet all needs of clients To share the major activities To fundraising
Andrea wanted to hire
Joan Hart
Jane Littleton
She short listed two of them
Whom to hire as director of development Which of my responsibilities to delegate, share, and keep How to insure she picks the right funding sources and
universities partner How to help her build trust with the CWE team
Four Critical Decisions
According to U.S. commerce department survey, no. of
women-owned business doubled to 6.4 million between 1987 to 1992
They accounted for 11.2% of revenue produced by all US businesses
CWE was an outcome of Women’s Business Ownership Act 1988
They shared common goal
Economic and political climate – 1990s
Fund raising
Commitment to serve CWE
“The scrappiness factor” – a blend of creativity, frugality, and
pragmatism
Willingness to communicate openly and work
cooperatively
The ability to win both men & women leaders of business,
government, and non – profit organization
Criteria to hire
To help us put a strategy for fundraising Adding people to the CWE board of directors & board of
advisers To share many of Andrea’s activities in visibility building,
public relations and developing partnerships with educational institutions.
Responsibilities & Duties
Supportive atmosphere Flexibility in hierarchy A tight knit group
Work Environment at CWE
Workshop to assess personal and financial goal Core curriculum was FastTrac 1st & FastTrac 2nd FastTrac 1st phase 2 for those who had taken FastTrac 1st
and not yet created a business
CWE programs
60 % of the women client were at start up stage 50% of CWE’s clients were low to moderate income
women from Massachusettes Women from Boston were 37% 14% came from Roxbury and Mattapan CWE had not achieved great visibility in inner city
community
CWE students
They needed fund There were deficit
CWE’S need outside funding
FastTrac 1st revenue / students
$350
Instructor fees /student $ 63
Counslor fees / student $ 26
Books $ 100
Financial aid ( on average) $ 119
Total direct cost $ 308
Contribution to overhead $ 42
Expenses per student