Facts about women in business you didn't know

 

For many women, owning a small business is the first step toward financial security for themselves and their families. Some fifty-year-ago, the thought of a female entrepreneur running her own business would have been considered daring and risky at best. But now, female entrepreneurs are launching and leading companies in significant numbers.

Female entrepreneurs are developing disease cures, reshaping the media sector, inventing the next big thing, and reinventing the ever-changing world of technology. They're aiming for the symbolic glass ceiling, and they're breaking it. Here are some surprising facts about women in business that you may not have known.

In the United States, female entrepreneurs are growing at a high rate

It's not only that the number of female entrepreneurs has risen; their overall contribution to the US economy has been essential in propelling the country's economic progress. In 2017, businesses started and led by women contributed a total of $3 trillion+ to the economy, and these businesses created and sustained a total of 23 million jobs across the country.

It is worth noting that this was the most recent data available at the time of writing, so given that we're approaching 2022, it's reasonable to assume that those figures have become even more outstanding. To get the bigger picture about how successful women in the US are, check out the ultimate list of the best US cities for female entrepreneurs.

Women make superior business executives

While gender bias is commonplace, it appears to have had little impact on the abilities of female entrepreneurs in the United States and around the world. Rolling up your sleeves and making the proper decisions may help you expand your business just as efficiently as men can.

Women in business make better bosses and company CEO’s

There appears to be a clear correlation between how well organizations do and whether or not they have a female entrepreneur or appointed CEO at the command. This conclusion was reached after Nordea, a financial services group, disclosed the findings of an investigation of 11,000 enterprises from various industries worldwide.

The increased presence of female leaders increases the number of women-led startups

There is a definite gap in giving business loans and other funding choices that might be classified as gender prejudice. This is why figures show a significant increase in the number of female business leaders, demonstrating such a positive development for women-led businesses. When young businesswomen in any industry can receive fair treatment from other leaders who have already made it to the top, it makes things a bit easier.

Texas is the state with the highest number of female entrepreneurs

According to the National Association of Women Business Owners and other surveys, Texas has become the top US state for female company owners. Texas has acquired this classification by the end of 2017, but it had slid to seventh place the previous year. Although the season hasn't ended yet, all indications are that Texas will reclaim the top spot.

This is why every female entrepreneur in Texas, or those living nearby, should consider forming a Texas LLC. Even if you are not a native Texan and have relocated there, you may be able to establish an internet business with the state. Or you may opt for moving to the Lone Star State. In this case, the experts in the cross-border move - centennialmoving.ca advise that professional help is necessary. It will ensure this endeavor goes efficiently smoothly. The abundance of female entrepreneurs in Texas generates a positive cycle that draws more women into the fold and keeps them there when times are rough. Texas's woman-friendly infrastructure contributes to the state's ranking as the best place for women to start enterprises. Here, women entrepreneurs can rely on supporting infrastructure.

Women in business are thriving in a variety of fields

Most women-owned businesses fall into one of three categories when it comes to industry representation. These are other services (that further includes hair and nail salons and pet care), healthcare and social assistance (that also includes childcare and home healthcare services), and professional/scientific/ technical services (lawyers, architects, bookkeepers, consultants, and personal relations firms). 

 

Female entrepreneurs are making their businesses flourish

Women are making progress in a variety of fields. A growing number of women are starting businesses either full-time or part-time.

Moving for business

It's not uncommon for people to pack their bags, hire a moving company, and relocate from Canada to the US, searching for better job opportunities. Are you ready to leave Canada and start a career in the US? It's the perfect timing. Besides hiring experienced cross-border movers, here's something else you ought to keep in mind: Canadian citizens can obtain an investor business visa or a green card by investing in a new or existing U.S.-based business. The business investor visa or green card allows you to live and work in the United States full-time while establishing and operating your U.S.-based company.  

 

Being a female entrepreneur gives you a better quality of life

Female entrepreneurs in the United States score their well-being nearly three times higher than women who are not entrepreneurs or established company owners. That is indeed a remarkable fact! Who thought that running your business might guarantee happiness? It's also a fantastic approach to create financial stability, one of the country's leading sources of stress. According to research by Inc.Com, business owners are happier than the regular working women in the United States. This, in turn, is clear evidence that women, in general, prosper under pressure, which is most likely why female entrepreneurs see twice as much output from their businesses than their male colleagues.

Famous female entrepreneurs throughout history

Madam C.J. Walker was an African-American philanthropist and businesswoman. She was also a well-known sociopolitical activist. The Guinness Book of World Records acknowledges her as America's first female self-made millionaire. Madam C.J. Walker amassed her fortune by developing a line of beauty and hair products aimed at African-American women. Talking about good hair products, read more about some excellent good-hair-day products you should definitely try.

Mary Kay was the founder of Mary Kay Cosmetics and an American businesswoman. She started the company after leaving a sales job where she was passed over for promotions and raises offered to her less successful male colleagues.

Gabrielle Bonheur "Coco" Chanel was a French fashion designer and entrepreneur. Chanel is the originator of the world's most well-known clothing brand today.

Who runs the world?

It is challenging, rewarding, and exhilarating to start your own business. Fortunately, many incredible, extremely talented women entrepreneurs have been where you are — starting from the ground up.

Women are capable and strong enough to start their own business and make it thrive

 

Today's women have more alternatives than ever before, ranging from stay-at-home moms to Fortune 500 CEOs to small-business owners and everything in between. And if starting your own business is something you've always wanted to do, now is the time! Be inspired by all the other women in business. Nothing and no one can stop you as long as you are a strong, educated, and astute businesswoman.

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