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What is the economic impact of women-owned businesses in terms of revenue? ?? The Economic Impact of Women-Owned Businesses: A Force to be Reckoned With ?? Did you know that women-owned businesses generate a staggering $2.7 trillion in revenue, significantly contributing to the U.S. economy? ?? Here are some key points highlighting their immense impact from the 2024 Wells Fargo Impact of Women-Owned Business Report: ?? Job Creation: Employing 12.2 million workers, women-owned businesses are vital for job creation and economic stability. ?? Industry Diversification: These businesses span a wide range of industries, from healthcare and professional services to finance, real estate, and transportation, strengthening various sectors of the economy. ?? Economic Multiplier Effect: The revenue generated by women-owned businesses stimulates local economies, creating additional demand for goods and services and fostering overall economic growth. ?? Innovation: Women entrepreneurs bring unique perspectives and innovative ideas, driving competitiveness and the development of new products and services. ?? Closing the Revenue Gap: Supporting women-owned businesses could unlock an additional $7.9 trillion in revenue for the U.S. economy, highlighting the importance of achieving parity. Let's continue to support and empower women entrepreneurs. Their contributions are not just a matter of equity—they are a strategic imperative for a thriving economy. ???? https://lnkd.in/eHbbzrmw? #WomenInBusiness #EconomicImpact #Entrepreneurship #Diversity #InvestInWomen #Philanthropy

Latina women contributed over $1 trillion to the U.S. GDP in 2021, according to a report by UCLA and California Lutheran University. Despite systemic barriers like limited access to funding, their economic influence continues to rise. Latina entrepreneurs—particularly in sectors like healthcare and construction—are not only driving innovation but also fostering substantial growth in the economy. Their resilience and creativity are reshaping industries and unlocking new possibilities for the future. Supporting Latina-owned businesses is more than just an economic imperative; it’s a pathway to unleashing even greater potential for the U.S. economy. Read the full article to learn how investing in these trailblazing women can fuel long-term growth and opportunity for all: https://lnkd.in/gBfH2ekT #LatinaLeadership #WomenInBusiness #EconomicImpact #InclusiveEconomy #LatinaPower

Latina women contributed over $1 trillion to the U.S. GDP in 2021, according to a report by UCLA and California Lutheran University. Despite systemic barriers like limited access to funding, their economic influence continues to rise. Latina entrepreneurs—particularly in sectors like healthcare and construction—are not only driving innovation but also fostering substantial growth in the economy. Their resilience and creativity are reshaping industries and unlocking new possibilities for the future. Supporting Latina-owned businesses is more than just an economic imperative; it’s a pathway to unleashing even greater potential for the U.S. economy. Read the full article to learn how investing in these trailblazing women can fuel long-term growth and opportunity for all: https://lnkd.in/g6eFYE79 #LatinaLeadership #WomenInBusiness #EconomicImpact #InclusiveEconomy #LatinaPower

Predictive analytics software ( like The Predictive Index Index as delivered by Predictive Success Corporation Success) allows companies to make better decisions and remove gender bias which currently exists. Women are still seriously underrepresented among managers and entrepreneurs, and the problem in Canada is worse than in the United States and many other developed countries, according to a new report from the Canadian Chamber of Commerce. The report, called Barely Breaking Ground and published on Tuesday, analyzes?Statistics Canada?data to measure the gaps women face in wages and in their representation among managers and business owners. The analysis shows women made up 48 per cent of the work force in 2023 but only 35 per cent of managers – and in either case, their wages were, on average, 88 per cent of what men earned. Using validated personality data will allow for better leader choice.

Did you know women in the USA are twice as likely to be entrepreneurially active as women in the UK? The entrepreneurial rates for men are roughly the same in the UK as in the US, so why are we behind the curve this side of the pond? So much research shows that women outscore men In leadership effectiveness, so what are the factors holding us back? Access to funding and networks? ?? Primary care responsibilities? ???? Under-capitalisation? ?? Fear? ?? Belief? ?? The Treasury estimates 1.1m new businesses, and up to ￡250bn of new value could be added to the British economy if women in the UK started and scaled new ventures at the same rate as men do. So, as a female-owned agency, our advice to when is the best time to start a business? Now! ??? #WomenInBusiness?#Entrepreneurship Women Business Owners?Female Entrepreneurs?tessa laws?Colleen Armstrong?Grace Tucker?Braden MacDonald

Let's unlock ￡250 Billion! Supporting women-led businesses isn’t just about equality—it’s about unlocking potential and creating a stronger economy for everyone. Here’s why this matters: - Boost to the UK Economy: ￡250 billion could be added to the UK economy if women started and scaled businesses at the same rate as men (Alison Rose Review). - A Decline in Female Leadership: Only 15% of UK businesses are currently owned or led by women, a drop since pre-pandemic times (The Times). - Lack of Role Models: 81% of 11-18-year-olds can’t name a single female entrepreneur (Gov.co.uk). It’s time to change the story—and here’s how we can all contribute: 1. Shop Women-Owned: Explore our directories of female-founded businesses and find products and services driven by fresh ideas and quality. (check links in comments) 2. Invest in Women: Studies show female-led startups deliver higher returns, generating 78 cents for every dollar invested. Backing these businesses contributes to long-term, sustainable growth. 3. Engage Female Talent: Need project support or expert freelancers? Hiring women entrepreneurs brings top-tier skills and broadens perspectives. Also by supporting and mentoring those who want to work differently. (DM me for advice on fractional working) 4. Champion Diversity in Business: Whether through advocating for better funding access, mentoring a female founder, or spreading the message, let’s actively support women-led businesses. Women founders bring incredible value to the business landscape—by supporting them, we’re all investing in a brighter economic future. (Yes, I am also proudly biased) #youvegotwhatittakes #femalefoundersrise #goforit #femalefounders #fractionalCTO #startup #femaleCEO

? Small and medium-sized enterprises (#SMEs) are the backbone of the Canadian economy, accounting for almost 90% of private sector employment. The contribution of women entrepreneurs to the labour market—an average of 18% of small, medium and large businesses are majority-owned by women—is significant: among other impacts, they drive economic prosperity and act as agents of social change through sustainable business practices. ?? Women entrepreneurs are also more likely to train their employees in the necessary skills in comparison to their men counterparts: 47.5% of women-owned businesses had their employees trained in the necessary skills for their business, compared with 41.9% of all businesses. They are essential to building a strong, inclusive and highly skilled labour market in Canada. However, women entrepreneurs are disproportionately affected by labour shortages in SMEs. Access to skills and talent is a challenge for SME owners, as they often do not have the resources to integrate structured recruitment processes and thus do not have access to certain talent pools. There is a need for more tailored support programs and mentorship opportunities to help #WomenEntrepreneurs succeed. ?? On this #LabourDay, learn more about the importance of women-owned businesses to the Canadian labour market by reading the full report on the State of Women's Entrepreneurship in Canada: https://bit.ly/SOWE_2024 #SOWE2024 #WomenEntrepreneurs #WomenInBusiness

?? Women Entrepreneurs in Post-Socialist Countries: Overcoming Challenges In post-socialist countries, women entrepreneurs faced significant challenges transitioning to market economies. The most significant hurdle was overcoming deeply ingrained patriarchal norms and systemic barriers that limited their economic participation. ?? Key Challenges Patriarchal Norms: Traditional roles confined women to domestic duties, making it hard for them to be taken seriously in business. Access to Capital: Financial discrimination made it difficult for women to secure loans and investments. Legal Barriers: Outdated legal systems and bureaucratic red tape hindered business operations. Lack of Support Networks: The?need for more?mentorship and peer support networks limited entrepreneurial growth. ?? Strategies for Success Building Networks: Women formed networks for support and mentorship. Advocacy: Efforts to change policies have improved access to finance and supportive legal frameworks. Education and Training: Programs focusing on business skills and financial literacy empowered women. Leveraging Technology: Digital platforms opened new opportunities for market access and networking. ?? Despite these challenges, women entrepreneurs have shown resilience, driving economic and social change in their countries. #womenentrepreneurs #success #resilience

Micro businesses represent 89% of all businesses in Australia, yet they’re often overlooked and underserved. Global Sisters is on a mission to change that. As a key contributor to the newly launched Decadal Plan 2023-2024, we helped shape three critical recommendations that elevate women-led micro businesses, ensuring they are recognised as distinct economic contributors with unique needs. Our report, The Future of Women’s Micro Businesses & Self Employment in Australia, provides vital insights into fixing finance and creating a supportive ecosystem for women in micro business. This research was instrumental in shaping the Decadal Plan’s vision. Together, we can unlock the full potential of women-led micro businesses and drive lasting economic impact. Read the Decadal Plan here: https://lnkd.in/ggJY5q5y Read our "The Future of Women’s Micro Businesses & Self Employment in Australia" report here: https://lnkd.in/gNSyphVA

?? Women contribute to every sector of the economy, but the challenge of accessing #finance remains. Women are rarely trusted with formal forms of financing and do not receive enough support from banks. ?? ?? Since 2018, through the Catalyzing Women's Entrepreneurship Programme, ESCAP has supported over 200,000 #womenentrepreneurs across the #AsiaPacific region through access to finance and business skills. Watch the video to see how this has changed the lives of women and their businesses. Global Affairs Canada | Affaires mondiales Canada #InvestInWomen #Entrepreneurship #FinancialInclusion