The Tipping Point for Women’s EntrepreneurshipMegan Kopp
Amanda here – I’m the executive director of the National Women’s Business Council.!I’m writing to share the Council’s newest Annual Report: 10 Million Strong – The Tipping Point for Women’s Entrepreneurship. Read it. Share it.
Women’s entrepreneurship is growing in exciting and unique ways. Women are starting 1,200 new businesses per day – inventing products, solving problems, creating jobs and supporting their communities. The impact of women is undeniable. This level of growth is unprecedented. The dialogue is growing, as are the number of resources and supports for women. And we have hit a great milestone of 10 million women-owned businesses in the country. BUT we have a long way to go before reaching parity!
We are at the tipping point. It’s a time for celebration and reflection, and also a call-to-action for continued – and dare I say greater – investment. With collaboration and action, we can do more than just sustain the momentum, we can fundamentally change the game for women entrepreneurs, and their businesses.
10 Million Strong – The Tipping Point for Women’s Entrepreneurship includes:
-Notable trends in women’s entrepreneurship
-Updates and findings from the Council’s research portfolio
-Highlights of other Council accomplishments, as well as the contributions of other key
-Stakeholders, notably the White House, Congress, and Small Business Administration
-Recommendations to improve the business climate for women
This year’s recommendations include: investors and lenders should look at industry experience vs. start-up experience because research has found that industry experience is a better indicator for women-owned businesses of firm survival; there should be greater provisions for affordable childcare would alleviate the prohibitive expense for families; and the definition of women-owned businesses should be broadened to capture “women-led” businesses, incorporating women that are running and leading businesses, but fall short of the 51% ownership requirements for policy and program benefits, particularly federal procurement programs. For the comprehensive list of recommendations, sneak to pages 32-24. You’ll see the Council’s new ecosystem model there too.
I so hope you find 10 Million Strong – The Tipping Point for Women’s Entrepreneurship helpful and will spread the word by sharing it with your networks. Our success is measured by your success.
We are honored to be a part of this movement, and grateful for you and your support. Cheers to you, and to more savvy and empowered women entrepreneurs in 2016.
The National Women’s Business Council is a nonpartisan federal advisory council created to serve as an independent source of advice and counsel to the U.S. Small Business Administration, the U.S. Congress, and the White House on issues of impact and importance to women business owners, leaders and entrepreneurs.