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Welcome to Black Women in Business Magazine each month we will spotlight Black Women who are making a difference in the world of business today and we will provide information and tools that will help you succeed as a Black Woman in business.
“As Black Women we are not just influencing business we are changing the game.�
The BWIB Team
Make Success Simple By Sharspeaks
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Saluting Black Women in Business This Month we Salute “Tracey Travis�
Tracey Travis Executive Vice President and CFO, The Estée Lauder Companies Inc. Tracey Travis is Executive Vice President of Finance and CFO of The Estée Lauder Companies with responsibilities for Global Finance, Accounting, Investor Relations, Information Technology and Strategy and New Business Development. Ms. Travis also co-leads the company’s major cost savings and process improvement initiatives. Previously, Ms. Travis was senior vice president of finance and CFO at Ralph Lauren Corporation from January 2005 to July 2012, with responsibility for Global Finance, Accounting, Tax and Treasury, and Business Development, as well as Investor Relations and Information Technology. In both roles she has successfully led and supported multiple acquisitions, the development of enhanced capital structures and shareholder returns, and technology transformations. Ms. Travis was with Limited Brands in Columbus, Ohio from 2001 to 2004 as CFO of Intimate Brands Inc. and as senior vice president of finance for Limited Brands with responsibility for operational finance for all divisions, corporate capital planning, corporate forecasting, budgeting and strategic planning. From 1999 to 2001, Ms. Travis was CFO of the Americas Group of American National Can, where she led both the Finance and Information Technology groups. Prior to that position, she held various management positions at Pepsico/Pepsi Bottling Group from 1989 to 1999, including group manager of New Products, assisting in the development of the business plans for Pepsi’s entrance into non soft drink beverage categories; general manager, leading the manufacturing, distribution and market development of beverages for the Howell, Michigan market unit; and CFO of the Michigan Business Unit. She began her career at General Motors first as an engineer; then after being awarded a GM Fellowship to pursue her MBA, returned to General Motors as a financial executive, working on the controllers staff on various international product programs, joint ventures, and divestitures.
Photo Credit/Business Wire
Ms. Travis currently serves as a director on the boards of Accenture PLC (ACN) and Lincoln Center Theater in New York. She previously served on the boards of Campbell Soup Company (CPB) from 2011 to 2017, and Jo-Ann Stores Inc. (JAS) from 2003 to 2011, where she also chaired the Audit Committee. She is also a member of the Board of Overseers of Columbia Business School, and recently served as a trustee on the board of the University of Pittsburgh. Ms. Travis was recognized in 2005 by Treasury and Risk magazine as one of the Top 25 Women in Finance, and in 2012 as one of the 100 most influential people in finance. In 2008, she was granted the Best CFO award by Institutional Investor magazine. In 2009 and 2017 she was named one of the Top 100 African Americans in Corporate America by Black Enterprise magazine. Ms. Travis has also received Distinguished Alumni awards from her alma mater, the University of Pittsburgh. In 2011, Ms. Travis was asked to serve as an inaugural member of the Wall Street Journal’s CFO Forum. In 2016, she received Legal Momentum’s Aiming High Award. Ms. Travis received a bachelor of science in industrial engineering from the University of Pittsburgh and an MBA in finance and operations management from Columbia Business School.
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You're only as SMART as you look: Know the clothing etiquette for the Professionals By: Abby Lawal Discover how you can get a clean start, building up your wardrobe for all the seasons. Whether you are an executive mom, an office manager, or a CEO, you'll find how to choose professional attire that is right for your job and make you look smarter. Are you confused about how to choose a professional wardrobe that is diverse enough to be appropriate for any business clothing etiquette? Do you have business attire that is suitable for the boardroom, the company outing, or casual day? Whether you are an executive mom, an office manager, or a CEO, you need professional attire that is right for your job and all the functions that require a variety of dress. How often do you find yourself standing in front of a closet full of clothes, not being able to find anything to wear? If this describes your morning, it's time to refresh your professional attire. Remember, bad wardrobe decisions are a serious career mistake. What you need to do is get a clean start, building up your wardrobe for all the seasons and all the functions that take place in your workplace and your social life throughout the year. When you do this, you will find that you always have appropriate clothing of business casual attire, boardroom professional suits, or executive mom suits. *** Professional Look *** Let's begin with women’s clothing that you can find to look your best. Consider styles that withstand the test of time when choosing a woman's suit. Classic styles in beautiful textures and fabrics are ideal choices for the professional woman who wants to dress for success, following the clothing etiquette for the professional. The Audrey B suit line has classic women's suits with money saving deals. An all purpose jacket to compliment crisply creased trousers is also downright professional attire. *** Business Casual Attire *** Now for business casual attire; the clothing etiquette for the casual day is neat, yet business like. women can create a business casual look with a dark, all purpose blazer, or jacket with contrasting trousers which are a staple of any wardrobe. Don't forget a pair of women's pumps to balance out the outfit. Casual business attire is all about fit, proportion, and comfort.
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BGLH-MARKETPLACE.COM
Grants for Your Business By T. Elaine
Photo Credit/Google Photos
Women are the growing face of business given that 30% of all U.S. businesses–9.4 million in total–are owned by women. Of which, 14% are controlled by black women who are generating $52.6 billion in combined revenues and employing 297,500 workers. Here are some grants black women business owners should consider: The InnovateHER Innovating for Women Business Challenge is sponsored by the Small Business Administration (SBA) Office of Women’s Business Ownership. Three winners are awarded $30,000 in prize money for businesses with products and services that have an impact on the lives of women and their families. FedEx Opportunity Knocks Small Business Grant Share your small-business story and enter for a chance to win the top prize–$25,000. There’s also one $15,000 winner and eight $7,500 winners. Part of the judging involves the general public voting for the finalists, so participants may promote their businesses while garnering votes. Miller Lite Tap the Future This business plan competition is a great way for new entrepreneurs with innovative ideas to win capital for their companies in the form of prizes ranging from $5,000 to as much as $200,000 or more. This competition is aimed especially at minority entrepreneurs and is sponsored by MillerCoors. Minority Business Development Agency The MBDA is an agency of the U.S. Department of Commerce that assists minorities and women in establishing and growing their businesses. On its site, you can research grants and access links to state agencies that work with women-owned businesses for funding opportunities. 16
virginiawomensbusinessconference.com Call (703) 777-8577
National Women's Business Conference 2018 The Davenport Grand, Autograph Collection Spokane, Washington September 23-25, 2018
This year’s theme is “Work Well, Live Well.” As women entrepreneurs, our lives are a journey, never a destination. We run successful businesses and households, give back to our communities, advocate for causes we care most about and nurture other life passions. We are constantly focusing, refocusing, pushing, pausing, inventing, reinventing, stretching and balancing—and growing every step of the way along the many paths we take. Join your NAWBO community as we embrace this exciting journey together to “work well, live well”!