Women In Entrepreneurship
A Growing Economic Force
Recognizing the growth and respect women have in business, the Forbes magazine, in 2004, began publishing “The World’s 100 Most Powerful Women” lists and the National Association of Women Business Owners declared 2013 “The Year of the Woman Entrepreneur”. According to the fifth annual State of Women-Owned Businesses published by Womenable, an organization committed to enabling women’s entrepreneurship worldwide, women businesses:
- Encompass over 9.4 million firms in the U.S.
- Comprise 30% of all businesses
- Employ almost 8 million workers
- Generate revenue of almost $1.5 trillion
- Have grown over 79% from the study’s baseline year of 1997
Women entrepreneurs often:
- Start businesses later in life, while in the midst of their first or second careers,
- Launch their business first as a side venture
- Rely upon their own saving, business smarts, life experiences and personal connections
- Have a focus on making a difference in their communities and women’s lives in general
- Search for outside perspectives and people when faced with obstacles
- Create organizations with open, collaborative working environments
- Display a greater tendency to be self-critical by blaming themselves if a failure occurs as opposed to assigning blame to market factors, the economy, or even an employee.
Spanning Many Business Sectors
Women entrepreneurs have proven themselves and are winning awards in industries typically dominated, in the past, by men. For example, in 2015, Fortune magazine recognized success women business leaders specializing in:
- Metals alloys
- Snack foods
- Cloud computing
- Medical polymers that allow vaccines to be stored without refrigeration
Women Entrepreneurs And The BTE Bootcamp™
From its inception, the BTE Bootcamp™ has recognized our women entrepreneurs. We include mentors who specialize in increasing the success of women business and 42% of our participants have been women entrepreneurs. This year’s Be The Entrepreneur BootcampTM continues this emphasis and allows many opportunities for women entrepreneurs to interact with presenters and mentors, including one-on-one advice specific to your business and additional contacts to further your professional development.