Jan Davies McDermott describes how the Southeast Michigan Chapter of the Women Presidents Organization helps its members resolve significant issues that arise as they grow their businesses beyond the initial entrepreneurial stage.
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In this nine and a half minute segment (download iPod compatible, 49MB), Jan Davies McDermott describes her role as facilitator in the Southeast Michigan Women Presidents Organization (WPO). The WPO is an organization founded 10 years ago to help women owners of "second stage" companies. Second stage companies have over $1 million (service) or $2 million (manufacturing) in revenue and have begun to experience problems related to growth beyond the early entrepreneurial venture.
Jan's WPO chapter uses roundtable techniques developed by the Edward Lowe Foundation. In a roundtable, second stage business owners gather together and focus on a problem raised by one of the individual members. The philosophy behind this peer-oriented approach is that entrepreneurs are strong individuals who will accept advice from other strong individuals who have the credibility of having gone through the same issues. A further advantage of this approach is that over time the group gets to know and trust each other allowing members to burrow to the root cause of one another's issues.
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