Women Entrepreneurs Tackle the Gender Gap With Astounding Numbers
News sites across the country are talking about the challenges faced by women entrepreneurs like funding, annual revenue, loan approvals, and overcoming social standards. The gap between the sexes is closing thanks to the tremendous number of women jumping into the entrepreneurial role. And, as more women entrepreneurs jump in, there’s more people realizing that educational and financial opportunities must be present for women who are making a difference for the world. Let’s dig into some of the numbers…
CNBC reports ,”Encompassing 40% of the global workforce … women entrepreneurs participate heavily in consumer-facing sectors and ventures like cleaning operations or running a local beauty salon or restaurant. But looking ahead, researchers say women entrepreneurs may play a more crucial role in offering local business solutions to global sustainability issues like secure sources of water, food and clothing.” It’s no surprise to most females that women entrepreneurs have a passion for helping people and the ability to find solutions to global problems.
Forbes indicates that “For every 10 men starting a business, there are 8 women.” They go on to say that “the reason for this rise in women’s entrepreneurship in the US… a higher percentage [70%] of women are seeing opportunities.” As our country continues to redefine the roles of women in the home, at school, and in the workforce, we continue to see socialization for women entrepreneurs flourish. Slowly but surely women set aside their fears and preconceived notions about women in business and step up to the plate. “The myth that entrepreneurs are heroic, risk taking, independent, innovative individuals born with these traits is still pervasive”. “If we are going to close the gender gap, we might need to do more- both in our education of younger women (both high school and college) to help them to expect to be economically independent, and see entrepreneurship as a viable career. Further, we need to disseminate the stories of women entrepreneurs, and provide more role models of women entrepreneurs of all kinds.”
“According to a report by the Center for Women’s Business Research, Hispanic and African American women are the fastest growing entrepreneurial segments in the country growing at rates of 133.3% and 191.4% respectively. Combined they represent more than two million of the roughly eight million women-owned businesses in the country and more than $14 billion in gross receipts. Further, African American and Hispanic women are three to five times more likely to start a business than their white counterparts.” See full article by Forbes.
In moving forward with arguably the largest women’s movement in recent history, the lack of capital funding and social rankings can be overcome through women’s participation in associations and collectives. In fact, men and women both, from all classes can use this period in history as an opportunity to work together for the greater good, not just of women, but of the world.