Women Business Owners Making Waves in the Industry
*Summary: Women-owned businesses have seen significant growth and success in recent years, outpacing businesses owned by men. Local female entrepreneurs share their stories of taking the leap into business ownership and finding fulfillment in their work.*
Summary: Women-owned businesses have seen significant growth and success in recent years, outpacing businesses owned by men. Local female entrepreneurs share their stories of taking the leap into business ownership and finding fulfillment in their work.
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Women-Owned Businesses Show Impressive Growth
In a world where business ownership was traditionally dominated by men, women are now making their mark. According to the latest report from the National Women's Business Council, women-owned businesses with employees grew by 16.7% between 2012 and 2019, significantly outpacing the growth rate of businesses owned by men at 5.2%.
Celebrating Women's Achievements
As International Women's Day approaches, it's a time to celebrate the achievements of women in business. In 2019, about 41.1% of businesses without paid employees in the US were owned by women, bringing in $313.6 billion in receipts. Women-owned businesses without employees may have grown more slowly between 2014 and 2018 compared to men-owned businesses, but they saw higher revenue growth during that period.
Local Success Stories
Women entrepreneurs are finding success at a local level as well. Windy Hall, co-owner of Village Cycles, and Laure Folland, owner of Ambrosia on the Square, have both seen growth and personal development through business ownership. Hall emphasizes the importance of hard work and perseverance in the face of challenges, while Folland enjoys working alongside her family and setting an example of strong work ethic.
Taking the Leap into Business Ownership
Leah Kirby and Shannon Gonzalez are two more women who have taken the leap into business ownership. Kirby, co-owner of Amerikanos Grille, and Gonzalez, owner of Lalalu, have both found fulfillment in running their own businesses. Kirby highlights the organizational skills and determination of women in the business world, while Gonzalez sees owning a business as a rewarding opportunity for females to thrive.
The Future of Women in Business
As more women enter the world of business ownership, the industry is becoming more diverse and inclusive. With women-owned businesses seeing significant growth and success, the future looks bright for female entrepreneurs. It's a testament to the hard work, dedication, and resilience that women bring to the business world.
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With women-owned businesses on the rise, the future of entrepreneurship is looking more diverse and inclusive than ever before. As International Women's Day approaches, it's a time to celebrate the achievements of women in business and encourage more females to take the leap into entrepreneurship.
Hey there, I'm Mohamed Rahat, your go-to writer for all things business and economy. Originally from Mumbai, now rocking it in Navi Mumbai. With a past life at Tata Power Co. Ltd., I'm here to unravel the mysteries of the economic world, one article at a time. Stick around for some mind-bending insights! Connect With Me