Shining a Spotlight: Erin Caleval

As a financial advisor with a growing insurance and investment practice – AND a passion for empowering women, I’m here to share insights on how we can pave a smoother path to success for female-owned businesses.

The Power of Collaboration Over Competition

In the traditional business arena, competition is often hailed as the ultimate motivator. However, many women entrepreneurs are flipping the script, embracing collaboration as a means to collective success. Why battle over a slice of pie when we can bake a bigger, more delicious one together? Also, I love pie. Can we order it to come every week to the office? Grasslands has the place, I am sure 😉

Research indicates that collaboration among female entrepreneurs leads to expanded networks, accelerated learning, and increased visibility. By sharing resources and expertise, women can foster innovation and strengthen their bargaining power! Plus: a collaborative spirit cultivates a supportive environment, enhancing emotional well-being and promoting a culture of shared success. So – how fun is it to share and grow with other like-minded women?? I am IN!

Building Communities: The Secret Sauce

Beyond individual partnerships, women are spearheading the creation of vibrant business communities. These networks serve as incubators for ideas, offering mentorship, support, and opportunities for growth. Networks of women owners reaching out to OTHER women owners create environments that certainly help to combat the isolation often felt in entrepreneurship. This is so important in spaces where women enter male-dominated fields like the trades or finance. Build your network! It works.

Breaking Down Barriers Together

Despite the strides made, female entrepreneurs still face unique challenges, including limited access to funding and systemic biases. However, by collaborating and forming community, women can dismantle these barriers more effectively. Join the Women’s networks in your communities, do your research and speak up about your business. An equitable landscape for all women in business should be the norm, not an aspirational goal!

A Call to Action: Embrace the “Co-opetition” (Did I make up a word? 😊)

So, how can we, as a community, support and uplift female entrepreneurs?

1. Mentorship Matters: Seasoned businesswomen can offer guidance to newcomers, sharing lessons learned and paving the way for the next generation.
2. Collaborative Ventures: Seek out partnerships with fellow female entrepreneurs. Whether it’s co-hosting events, cross-promoting products, or sharing resources, collaboration can lead to mutual growth.
3. Celebrate Successes: Highlight and support the achievements of women in business. Recognition not only boosts morale but also inspires others to pursue their entrepreneurial dreams.

While the business world often emphasizes competition, the experiences of female entrepreneurs demonstrates the profound impact of collaboration and community-building. By working together, sharing resources, and supporting one another, women can break down barriers and pave the way for a more inclusive and prosperous entrepreneurial landscape. Doesn’t that sound awesome? Count me in.

Thanks for reading til the end!

-Erin Caleval

Erin Caleval, CFP
CEO – Erin & Associates Insurance Inc.

Erin’s background in finance – spanning over 20 years –  and her dedication to ensuring the financial resiliency of her community makes her a great fit for your business.  Give her a call today at Grasslands!

For the month of March, we’re shining a spotlight on our very own women-led businesses across Grasslands in honour of Women’s History Month and International Women’s Day (March 8). Check back weekly to read about each businesswoman’s unique experience and inspiring dreams for the women of our future.