This Tech Founder Was Often the Only Woman in the Room When She Started Her Company. Here's Her Advice for Young BIZ Experiencess. Despite the obstacles, she has no regrets.

By Paula Tompkins Edited by Dan Bova

Opinions expressed by BIZ Experiences contributors are their own.

Caiaimage | Martin Barraud | Getty Images

People look at me today and ask me how I got here. To be honest, I ask myself the same question. And it occurs to me that, in answering, there might be something that young BIZ Experiencess -- especially young women -- can learn from.

Related: Being a Female BIZ Experiences Can Be Incredibly Lonely. This Founder Is Changing That.

I began my career as a commercial banker with a stint on Wall Street at the Bank of New York. Abandoning Wall Street, I went on to break gender barriers at both 3M and GE, which eventually landed me in Silicon Valley in the late '70s. When I saw the first personal computers, I understood their potential right away: They gave the means to connect one-on-one with customers -- attract, capture and retain them -- in a way that would personalize the communication, making it almost as good as a face-to-face meeting, at a fraction of the cost.

I looked around for a technology that could do that. When I saw there wasn't one, I realized there was an opportunity to create one: a digital, personalized marketing technology that could be adapted to various B2B and B2C scenarios. That led to the founding (in 1985) of what is now ChannelNet, co-located in Dearborn, Mich., and Sausalito, Calif.

At that time, there were virtually no woman-owned tech startups that supplied services to the automotive, home improvement and finance sectors.

I vowed to be the first.

Related: 4 Things Women BIZ Experiencess Need to Know Before Approaching Angel Investors and VCs

It wasn't easy. In the first three years, banks refused to lend to us or offered half of what a comparable man would get. (So we bootstrapped).

It was hard to get meetings. When I began pitching our services to chief marketing executives at automotive manufacturers, I was often the only woman in the room. At one point, I worked for well over a year with my team and spent a small fortune to win the business of a major truck company. In the middle of the final presentation, the CEO stopped the proceedings and said, "I would never let a woman-owned company do anything as strategic or critical for me as this project."

I prevailed because I believed in what I was doing and let that passion show through. I did my homework and demonstrated how ChannelNet's digital technology would help boost sales and retain customers. Our first big "win" was BMW, when we convinced the CMO that we could "sell better using tech" than he could without it. In 33 years, ChannelNet has worked with more than 250 companies in 16 different industries.

Related: Rent the Runway's Jennifer Hyman Shares Her Worst Advice Ever: 'Shut Up and Act Sweet'

So, how did we get here? I believe there are five key factors:

1. Believe in your vision.

I understood tech's ability to connect one-on-one with customers (B2B and consumers) in a way that hadn't been done before. In 1985, no such technology existed. So, why not be the one to create it? My advice to beginners: Push the envelope. And don't let anyone talk you out of it.

2. Believe in yourself; don't let gender factor into it.

Whoever you are, you're an BIZ Experiences with a vision. Don't let anyone tell you otherwise. When I started, no one -- man or woman -- was doing what we were doing. I took that as a plus. When we succeeded, gained clients, we did it as ChannelNet, not as a "woman-run company."

Related: How to Lead Like a Woman

3. Have a plan -- but be willing to adapt.

When we started, our goal was to help companies and sales channel partners connect one-on-one with their customers. Our business was external-facing. In 1990-93, due to an economic downturn, we adapted ChannelNet's technology to connect sales teams with companies via internal systems so information could be delivered in real time. As a result, our service changed from "want-to-have" to "have-to-have."

4. Stay tough; history repeats itself.

Over 33 years, I've seen the good, the bad and the ugly. We've survived three recessions -- including the Great Recession -- and come out stronger because we, too, had to separate "have-to-have" from "want-to-have." In the toughest times, we cut costs -- staff, overhead -- and even my own compensation. Each time, ChannelNet emerged stronger and grew faster when the economy turned around.

5. Have no regrets.

When I look back at my 33 years in this business, there's nothing I'd do differently. The tough times -- and mistakes -- were all part of the learning process. They helped me grow, get tougher and survive. And in a sense, ChannelNet helped "crack the glass ceiling" in the automotive industry. I'm proud of that.

Related Video: 6 Quick Tips for Women BIZ Experiencess

Paula Tompkins

CEO and Founder of ChannelNet

Paula Tompkins is expert on leveraging digital technology for customer acquisition and retention. During her 30-year career, she has invented many of the world's digital firsts for automotive, financial services and home improvement industries. Tompkins holds two U.S. patents.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Franchise

How to Prepare Your Business — And Yourself — For a Smooth Exit

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.

Starting a Business

3 Things I Wish I Knew When I Founded a Company 20 Years Ago

If I could sit down with a new B2B founder today, these are the three conversations I'd make sure we had — the same ones I wish someone had with me early on.