Unique challenges women face in business

Unique challenges women face in business

Released Thursday, 27th March 2025
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Unique challenges women face in business

Unique challenges women face in business

Unique challenges women face in business

Unique challenges women face in business

Thursday, 27th March 2025
Good episode? Give it some love!
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Episode Transcript

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0:00

Have you ever walked into a

0:02

business meeting and immediately felt underestimated?

0:04

Or maybe you've had a deal

0:06

where somebody just assumed you didn't

0:08

know what you were doing just

0:10

because you're a woman. Now, today,

0:12

let me tell you some of

0:14

my crazy stories going from zero

0:16

to $10 million and what I

0:18

faced and how I got over

0:20

it. and got through it. In

0:22

this video, you're going to learn

0:25

about unique challenges women face in

0:27

business, ranging from being underestimated, facing

0:29

double standards, and dealing with financial

0:31

biases. More importantly, I'm going to

0:33

share strategies on how to actually

0:35

overcome them, stand your ground with

0:37

confidence, and get through it. Now,

0:39

if you don't know who I

0:41

am, my name is Stacey Tushul,

0:43

I've been in business for over

0:45

22 years, and my businesses generate

0:47

over $10. what she's doing, assumption.

0:50

One of the biggest challenges I

0:52

faced when dealing with men, especially

0:54

older men, is assuming I don't

0:56

understand my own business. Let me

0:58

give you an example. Over a

1:00

decade ago, I bought a commercial

1:02

property for my second location of

1:04

my dance studios. And this building

1:06

had been vacant for many, many

1:08

years. And the guys next door

1:10

were actually using part of the

1:12

property I was now buying and

1:15

now owned. And they were trying

1:17

to number one. convinced me just

1:19

to let them continue using it

1:21

for free. And then finally gave

1:23

me this crazy low ball offer

1:25

to take them up on this

1:27

purchase price of this property. The

1:29

number was so insane that I

1:31

guarantee you if I was their

1:33

age and or a man, they

1:35

would never in a million years

1:37

said that number. But they're sitting

1:40

there looking at me, this young

1:42

blonde girl, right, thinking she doesn't

1:44

know, she's probably going to take

1:46

it, so let's lowball her. So

1:48

here's how you handle it. First

1:50

of all, you never take the

1:52

other person's opinion advice without getting

1:54

a non-biased opinion. So I knew

1:56

my numbers because I had already

1:58

consulted. real estate agent, my contractor

2:00

who was working on the building

2:02

and told me what that land

2:05

was worth, the banker, etc. I

2:07

had not just data on my

2:09

side, but I had other people

2:11

on my side. So even though

2:13

they were very condescending, I made

2:15

sure I was very professional and

2:17

I let them know I appreciate their

2:19

opinion or their offer. But we're

2:21

not even close to what the market

2:23

data actually says. So I wouldn't be

2:26

considering and I wouldn't even be counter

2:28

offering. So I let them know if

2:30

they would like to come back at

2:32

a fair price, I would be more

2:34

than happy to chat. Surprise, surprise, they

2:36

never came back because they realized what

2:38

I was actually going to charge. Now

2:40

even when they didn't get their way

2:42

with the land, they tried to keep

2:44

some of their junk on my property

2:46

and let me tell you I made

2:48

sure I did not stop until that

2:50

was off the property. A lot of

2:52

times they're just gonna hope you

2:54

don't know any better. So reach

2:56

out, start getting other people on

2:58

your side. Who can you ask

3:01

for an outside, unbiased opinion that's

3:03

going to help? get the information,

3:05

the data, the hard facts, you

3:07

need to hold your own. Never

3:09

negotiate from a place of doubt,

3:11

right? Hold your ground and don't

3:13

let them pressure you into a

3:15

lower deal. Now maybe you're in this

3:17

situation and you don't have that data

3:19

yet, but you feel compelled to say

3:21

something. I always tell my business owners,

3:23

listen, you can say Thanks so much

3:25

for the offer. I actually haven't done

3:27

my research. So I'm going to go

3:29

back and I'm going to talk to

3:31

my team and I'll let you know

3:33

what I have to say after I've

3:35

done my due diligence. I think sometimes

3:37

there's a pressure that you have to

3:39

respond in this moment and sound super

3:41

smart. It's okay to say, I have never actually

3:44

researched this or checked this out. But

3:46

now I'm going to, and I'll let

3:48

you know if we're even in the

3:51

same ballpark. It's okay. Number two is

3:53

the too young, too pretty syndrome. Now,

3:55

when I first started out, my landlord

3:58

called me Spacey Stacey. Mind you. I

4:00

was never late on rent. I never

4:02

missed a deadline. I always responded promptly.

4:04

So where did this spacy Stacey nickname

4:07

come from? You got me. And if

4:09

anybody knows me well, the one word

4:11

they would probably never use is spacy.

4:14

But because I was young, I was

4:16

female, I was assumed to be flighty.

4:18

So how do you handle this? Well,

4:21

number one, your reputation speaks louder than

4:23

assumptions. So keep those emails, those records.

4:25

anything that proves reliability. You can use

4:28

humor and directness. So Spacey, Stacey, that's

4:30

funny because I actually manage multiple businesses

4:32

and I never miss a deadline. Right,

4:35

correct those narratives early. If somebody gives

4:37

you a nickname or diminishes your credibility,

4:39

call it out with confidence. That story

4:42

is from 20 years ago. And at

4:44

the time, I didn't have the confidence

4:46

and I just let him call me

4:49

that. And because I didn't stand up

4:51

for myself, he continuously did do it.

4:53

So now, the more older, more mature

4:56

Stacey would never let that slide. And

4:58

I want to give you that confidence

5:00

now to say something and stand up

5:03

for yourself, no matter your age or

5:05

sex. Let's talk about the audit double

5:07

standard. Now, this is a really frustrating

5:10

reality. How women often get scrutinized harder

5:12

than men. A friend of mine was

5:14

doing things that were completely out of

5:17

compliance. Yet when I got audited, they

5:19

nitpicked me on deductions that were 100%

5:21

legitimate. Why? Because I think they assumed

5:24

I wouldn't push back. Versus maybe a

5:26

man would say something. So how do

5:28

you handle this? Well, you need to

5:31

keep detailed records so nobody can your

5:33

legitimacy. Push back with authority. If they

5:35

question you, ask them for the exact

5:38

policy in writing. Call out the double

5:40

standards. If you know others are getting

5:42

a free pass, question, why are you

5:45

being treated differently? Just because they're making

5:47

an assumption, you're not going to say

5:49

anything or you're going to let it

5:52

slide, doesn't mean you need to play

5:54

into what they're doing. Stand up for

5:56

yourself. yourself and make sure you're being

5:59

treated fairly. But also it's important that

6:01

you really do understand the law in

6:03

your state or country. If I didn't

6:06

realize that I was allowed to do

6:08

X, Y, Z, I wouldn't know to

6:10

push back. So when they tell me,

6:13

oh, by the way, you did this

6:15

incorrectly, I might go, oh, okay, and

6:17

just pay that amount. So you have

6:20

to make sure whenever they're doing that,

6:22

you've got to know what is actually

6:24

allowed and not allowed and really use

6:27

that information to push back. All right,

6:29

this one really bugs me. You should

6:31

be nice expectation, right? Women in business

6:33

are expected to be agreeable. If a

6:36

man negotiates hard, he's strong. If a

6:38

woman does the same thing, she's difficult.

6:40

So how do we handle this? You've

6:43

got to detach from the likability trap.

6:45

You're not here to be liked. You're

6:47

here to run a business. And that

6:50

means you need to set clear boundaries.

6:52

It's okay to say I'm not comfortable

6:54

with that. Let's discuss a fair alternative.

6:57

Embrace your directness. You don't have to

6:59

soften your stance to be heard. Go

7:01

with your gut. If something feels off,

7:04

you need to speak up and say

7:06

something. Number five, the emotional label. Have

7:08

you ever had somebody discuss your valid

7:11

concerns as being too emotional? Or worse,

7:13

when you're passionate about something, they tell

7:15

you to calm down. Let's discuss how

7:18

to handle it. Own your passion, but

7:20

stay calm. Don't give them an excuse

7:22

to call you irrational. You want to

7:25

redirect the conversation. This isn't about emotion,

7:27

it's about these results. So document and

7:29

escalate it if needed. If somebody is

7:32

repeatedly trying to undermine you, escalate strategically.

7:34

When I say that, a lot of

7:36

the people that I've been working with,

7:39

they have a boss. So even though

7:41

I'm a boss and I'm not escalating

7:43

it to anybody here internally, sometimes I

7:46

may need to go back to the

7:48

auditor and talk to their boss or

7:50

I need to speak to... my banker's

7:53

direct report. So these are things where

7:55

you may need to go above and

7:57

say, listen, I'm not able to work

8:00

with this person and here's why. I

8:02

demand to speak to somebody else. So

8:04

here's the thing, let them think what

8:07

they want to think. As long as

8:09

you know who you are, you're comfortable

8:11

in your own skin and you don't

8:14

belittle yourself or lower yourself to make

8:16

sure you fit into the mold they're

8:18

looking for. These things will happen, but

8:21

they don't have to stop you from

8:23

what you want. These are just a

8:25

few of the challenges that women face

8:28

in business every day. The good news

8:30

is... None of these are roadblocks. We

8:32

can't overcome. The more we share these

8:35

stories, the more we empower other women

8:37

to stand their ground or negotiate with

8:39

confidence or demand respect that in every

8:42

room they walk into, it's important. Now,

8:44

if you faced any of these challenges,

8:46

or maybe some different ones, I would

8:49

love for you to share them in

8:51

the comments and hear how you may

8:53

be handled them. As a successful small

8:56

business owner, This is part of the

8:58

gig we signed up for. And every

9:00

one of these situations you've had to

9:02

walk through is going to make you

9:05

stronger and ready for the next big

9:07

challenge.

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From The Podcast

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