With sales at her El-Amin's Fish House slumping last year, Sharon El-Amin considered shuttering the nine-year-old eatery near W. Broadway and Penn Av. N. that features delicious fish and chicken entrees and desserts.
Instead, El-Amin turned to WomenVenture, the career and business-development agency, to help her better control expenses and build customer traffic. Monday specials and low-cost promotions were added, boosting receipts enough to keep the four-person enterprise afloat until the economy started improving in the second half of 2009.
"I would say our business is up about 20 percent over last year," El-Amin said Monday as she filled orders. "WomenVenture taught me to be sharper on pricing and new ways to attract and retain customers. We're not back to where we were in 2006, our best year, but business has been pretty steady."
Thanks partly to WomenVenture consulting, there's a future for the fish shop on W. Broadway.
St. Paul-based WomenVenture, with a history that dates to 1978, expects to help about 2,000 women this year reduce debt, save and start a business or buy a home or complete career-transition and placement programs. The organization also trains and places candidates in the traditionally male fields of construction and information technology. It also helps to stabilize or expand more than 100 small businesses through consulting and small-loan programs.
The nonprofit has experienced unprecedented demand since the 2008-09 recession. And WomenVenture has struggled, too.
Tene' Wells, the decade-long president, left the agency last year and several positions went unfilled as WomenVenture struggled to balance last year's $2 million budget amid the prospects of lower funding in 2010, as several foundations and corporations pulled back their giving.
"We'll come in at about $1.8 million in revenue this year," said Deb Wilkens-Costello, a veteran Twin Cities nonprofit executive who took over in February. "We had to revise the budget and tighten our belts. We're focusing more on individual donors and a sliding scale [of fees] so no client is turned away. My first charge from the board was to be fiscally stable and rebuild our reserves. The year 2009 was very stressful. And demand for services goes up every year."