- Posted on Friday, 21 July
Dr. Pamela Williamson
Did you know that more than 9 million firms in the United States are women-owned? In fact women business owners have close to 8 million employees and generate over $1.5 trillion in sales, as per the National Association of Women Business Owners.
Although more and more women are venturing into entrepreneurship the challenges they face are often not the same as their male counterparts entering the business world.
Here are 3 ways women in business can overcome challenges and get ahead:
1.Get over social stigma
When you walk into a crowded networking seminar and you can count the number of women there on your fingertips it can get intimidating. However, you’ve made it this far so being true to who you are and believing in what you have to offer and what you bring to the table can give you the boost of confidence you need to find your voice in situations where you might feel singled out. Also, understanding that if you don’t speak up for your business and make it known, no one else will.
Build a support system.
According to Inc. close to fifty percent of all women entrepreneurs don’t have mentors that can help propel their business growth. When you’re trying to blaze your way in the world of male-dominated businesses, having the advice of a woman mentor who has ‘been there and done that’ can be extremely helpful. But the challenge is in finding a reliable support system. Certifying your business as woman-owned can not only help you get found by procurement officials but also directly enroll you to attend conferences designed to get you networking with other like-minded women owned businesses and find promising mentorship opportunities.
Find work/life balance
Whether you’re a man or a woman, finding work-life balance is no doubt hard, however in the case of women and especially mothers who venture into entrepreneurship most would agree that dealing with the business would get a lot easier if you didn’t have the kids to deal with! The key is to not beat yourself up or sweat the small stuff and come to terms with the fact that you got into this knowing that your responsibilities will be shared between the family and the business.
WBEC-West provides an excellent platform for your business to grow, connect with other businesses in both your local community and nationwide, and be a mentor to other women businesses. Learn more.
- Posted on Thursday, 23 March
Dr. Pamela Williamson
Do you consider yourself to be a successful woman entrepreneur? Today’s women business owners are highly skilled, talented, sharp and technologically savvy.
But more than that, they all share one common denominator – they have an unstoppable entrepreneurial drive and spirit that keeps them going!
There’s no doubt that more women are entering the business world today than ever before – there are those venturing in after years of child-rearing, multi-taskers who are balancing both business and family life and women with a strong entrepreneurial drive ready to take on the world.
It can be said that women are wired for juggling business and family and multi-tasking, but do all women have what it takes to be a successful entrepreneur?
Here are top 10 questions to ask yourself to assess if you make the grade to be a successful entrepreneur:
- Have I always wanted to be my own boss?
- Do I take direction well from others, or have a mind of my own and want to live on my own terms?
- Am I ambitious?
- Is money a motivating factor for me? Do I want to build wealth?
- Can I take calculated risks?
- Do I like to be in control?
- Can I handle failure? Can I fail and start again?
- Am I passionate about what I am doing?
- Do I make decisions quickly and can set things in motion?
- Do I like to get things done and not procrastinate?
- Do I look at the big picture, can plan and start things with the end in mind?
How many did you check off? Even if you picked a few and have the motivation and drive to pursue your dreams, you have an entrepreneurial spirit waiting to emerge.
If you really want to take the step to starting your own business do your research and be prepared. The journey ahead is going to be exciting, but certainly not easy. Talk to women in business. Find a mentor. Join a community.
At WBEC-West we support women business owners to get more business, grow and be successful. Getting certified could be an excellent step to connect with like-minded women, discover game-changing mentorship opportunities and join a vibrant WBE community. Learn more.
- Posted on Thursday, 02 March
Dr. Pamela Williamson
Did you know that women entrepreneurs account for owning almost half of all businesses in the USA?
Today more than ever, more and more women are entering the world of business. A recent study showed that one out of every eleven adult women, is a business owner in the USA. It’s not surprising since many women today are simply breaking free from gender-based stereotypes, or are re-entering the workforce or starting their own business after rearing children. Also women are just naturally wired for juggling family and work and multi-tasking.
In fact, according to research reported by the SBA in May 2016, there are more women entering the business world today, than ever before. Here are some game-changing facts worth noting:
- “Women are entering the ranks of business ownership at record rates. Women are launching a net of more than 1,100 new businesses every single day.”
- “Women-owned businesses comprise 36% of the country’s businesses. They employ more than 8 million workers, 7 percent of the private-sector workforce. They generate more than $1.4 trillion in revenues, contributing 4% of business revenue.”
- “In 2002, there were fewer than 1 million minority women-owned firms. As of 2012, there are nearly 3.8 million firms owned by women of color. Between 2002 and 2012, the number of non-minority women-owned businesses grew by just 9 percent, while the number of minority women-owned businesses overall grew by 315 percent.”
- “Between 2007 and 2012, the number of female veteran-owned businesses increased by 295 percent. Today there are more than 383,000 female veteran-owned businesses in the U.S.”
- In fact 2015 proved to be a historic year in terms of Federal contracting because, “for the first time in history, the Federal Government met the 5 percent women-owned small business (WOSB) goal. In FY15, 5.05 percent or $17.8 billion of all federal small business eligible contracting dollars were awarded to WOSBs.”
These facts are exciting news for women entering the world of business and women looking to take their business to new heights. At WBEC-West we help women entrepreneurs everyday get the certification they need to procure essential contracts and grow their business.
This one step alone can be the game-changer you need to get your business noticed and be an increasingly successful women business entrepreneur. Learn how we can help.