Did you know, Florida is ranked number one in the nation for female entrepreneurs? In fact, Miami ranks third in the country for the number of women-owned businesses, and we feel like this is something to be celebrated.
So in honor of International Women’s Day, our owner and founder of Pilates in the Grove, Christa Gurka, wanted to share her insights in owning a business and interview several female entrepreneurs in our local Miami community.
Over to Christa…
Being an entrepreneur is not for the faint of heart. Truth be told I never set out to start my own business. It organically grew from a need I saw in the community to something bigger and better than I could have ever imagined.
I have learned a lot of lessons along the way. Learned about business strategy. Learned that I needed to grow as a person and a leader in order to succeed. Learned that I need to ask for help and cannot go it alone. It truly does take a village. I have also learned that I have what it takes to make it work. I am strong and resilient.
Over the last few years, my journey has taken a slight turn where I have decided to set different systems in place so that I can reap the benefits of all that I have built to work towards a more balanced life. The journey has not been an easy one, but the reward has been worth it.
I wanted to share the stories of some other local business-women I admire. Women in business come from all walks of life and find success and happiness in different ways.
Insights from Female Entrepreneurs
Here are their stories:
- Erin Compton – Owner of The Last Carrot
- Carin Kirby – Owner of Consign of the Times
- Catherine Milian – Owner of Chic Parisien, The Find Bridal, and The Beach Bride
Looking back (and knowing what you know now), what advice would you give your new boss-self?
That it’s ok to let people help me. I am always convinced that I have to be in control and everything done myself, when in actuality if I take a step back I get to enjoy more of both my business and professional life
Adapt or die! Keep moving forward and don’t be afraid of change.
I have always said that if I knew then what I know now, I would not have taken over the business. I had no real knowledge of how to run a business so the best advice I could give would be to take some business/management courses.
What is one of your biggest moments of growth?
My biggest moment of growth was when I realized that so many of the loyal customers that my dad had acquired were still coming to The Carrot to this day, and that was because of the work, effort, and love that I put into it.
Going online and social media!
My biggest moment of growth was when I realized that every single decision, purchase, sale, and mistake affects the bottom line. It seems obvious, but when you look at everything and assess its profitability it really changes the decision process.
What is a business failure you’ve had, and how did you bounce back or realign from it?
I decided that I would make desserts in my spare time, then quickly realized that I don’t have much spare time. I researched for other local small businesses that could provide this service, not only eliminating the stress from me, but also spreading small business awareness.
While I have had no real failures, I have had many learning lessons. Knowing my limits and what works best for both my business and family.
In my industry, the stores are required to purchase the sample gowns. I used to buy whatever I liked without any sort or parameters, which led to excessive merchandise and overload of inventory, which reduces the profit margin. I started giving myself budgets and stuck to them! That immediately made a difference in cash flow and profit.
What’s your outlook for female entrepreneurs in 2020?
Women in 2020 are showing that they have the ambition to obtain any position that they desire. They are optimistic and they strive to get the lead position and won’t stop at putting in the hard work until this is achieved. Women can do it all. We should be supporting each other and encouraging the sisterhood.
I think the overall outlook for women in business is very positive for 2020. Reports are showing that women-owned small businesses are expecting growth over that of male-owned businesses. Women are feeling empowered and I think we’ll see that in the healthy growth of their businesses.
We want to say a huge thank you to Erin, Carin, and Catherine for taking the time to speak with Christa for International Women’s Day. Find out more about where you can find them below, and don’t forget to support your local female-led business!
Find more from these Miami-based female entrepreneurs…
Find Erin’s business on Instagram and online: @thelastcarrot
Find Carin’s business on Instagram and online: @consigntimes
Don’t forget to follow Christa on Instagram: @ChristaGurka
Extra Entrepreneurship Bonus!
Stop Sabotaging Your Success: 3 beliefs holding you back in business
Christa has created a free PDF of the 3 biggest lies we tell ourselves that are holding us back from reaching our full potential as female business owners and entrepreneurs of any gender. Want to check it out? Just enter your information below and we’ll get it to you just as fast as the internet can work!