Franchise Update Magazine Issue I, 2016 | Page 46

Female Founders do not have the financial background or experience necessary to meet bank loan requirements. I think this is a societal problem. I also would like to see more young women encouraged in math and science. From a woman’s perspective, what notable changes have you seen for women in franchising since starting your brand? I see more women rising through the ranks in franchise companies, and many are branching off and starting their own brands. I see more women leading brands, and I see many more women attending the IFA Convention. In 2006 when I first attended, women were a very clear and definite minority. I also see funding options education more front and center. I think more women are realizing their potential today. Which female leaders do you admire? Why? Margaret Thatcher. She was the first female prime minister of Britain. She was tough, strong, smart, driven, fair, and led a country that really didn’t place women in positions of leadership. She was the “Iron Lady” and proved that a little backbone can take you a long way! Has mentorship made a difference in your professional and personal life? How? I mentioned my dad and my grandfather earlier and how their work ethic and mentorship shaped me personally. Professionally, I have had several mentors who generously gave their time and knowledge to help me along the way. One of these was Mary Ann O’Connell of FranWise. She took me under her wing and brought me into the Women’s Franchise Committee. She taught me the art of mentorship and I have gladly passed it on. I take many calls from young women entrepreneurs who are leading or starting brands, and I find giving back incredibly rewarding. Are you involved in any female entrepreneur organizations? I have been involved with the Women’s Franchise Committee for the past 6 years, and this is my final year as chair. We had a “Dress for Success” charity initiative this year that was very successful and rewarding. For the past 2 years I led a panel on “Women in Franchising” at the West Coast Franchise 44 Expo and enjoyed watching the women in attendance learn and benefit from the experience of the panel. I do some work locally with Leadership Las Vegas, and I speak with and am available to local Las Vegas entrepreneurs. PERSONAL What does your typical day look like? I get up about 6:30 every morning and have a cup of coffee with my husband. Then to the computer to check emails and respond to any emergencies. I have my list for the day ready (made the day before) and get started crossing things off. At about 9 a.m. I go to the gym to clear my head (part of that life balance thing). When I return I generally work until about 4 p.m. We live on a golf course, so my husband and I will head out and play a few holes or hit balls. Then we cook dinner and relax. How do you maintain a work/life balance? I follow the “do it now” philosophy and am pretty good at compartmentalizing and prioritizing. Good communication allows me to do what needs to be done, balanced with the demands of the other side of my life. I am a list person and love getting things down on paper and then crossing them off! I do still ask myself, “What will happen if you don’t get to this right now?” And as long as I am not letting down a franchisee, I am willing to let some things go in order to get to the personal side of my life. What are your top 5 favorite things to do? Golf, read, cook, work out, and mentor my bakery manager. What are 3 key words to describe yourself? Loyal, driven, kind. LESSONS/ADVICE What’s the most important lesson you’ve learned so far? Know when it is time to bring in people who are smarter than you—and then get out of their way so they can make the difference you seek. If you could do one thing differently, what would it be? I would have gotten a business degree with a psychology minor. Not having a business background meant I had to work harder and longer to grasp some concepts and sometimes to understand the big picture. It’s been a little bit of growth and learning by fire. The psychology degree always comes in handy in a people business, and franchising is definitely in that category. What’s the best piece of advice you have ever been given? Be teachable. Egos are our greatest downfall and create unbelievably difficult situations that could have been remedied if someone were able to listen, learn, and at least consider the possibility of change or of embracing someone else’s idea. What advice would you give to other women considering starting their own franchise brand? Read, investigate, network, study, and be willing to put in the time and money to make it happen. Also, I would recommend they really spend some time understanding the tug of war they are about to enter as they balance their family and their new “baby”: their business. WHAT’S NEXT What would you like to achieve in the next 5 years? I’d like