Friday, April 4, 2014

Fact Friday: Women Owned Businesses

Women Business Owners have always been near and dear to my heart.   You see having been through the struggles myself in starting our Industrial Storage business,  I firmly believed that when you are starting a business you are going to make mistakes,  a lot of it trail and error to see what works and what does not work.  Heck I'm still finding new mistakes to make 20 years later.

In the past I spend a lot of time mentoring women owned businesses,  in the hopes that I could help them avoid making some of the mistakes that I've made in the past.  For awhile I sat on the Women's Advisory Board at one of the incubators helping start up businesses as a volunteer.

I gave a presentation last month about how I've grown my business with help from other's, to one of the local business leagues of American Business Women's Association and was asked by several how to go about starting a business or entering direct sales (blog post on how to choose a Direct Sales Company), so I thought I would take some time to share some great information.

The below are some of the highlights from an email from Yolanda Garcia Olivarez from the SBA.

Yolanda Garcia Olivarez, Regional AdministratorBy Yolanda Garcia Olivarez, Regional Administrator
In the last several weeks, I have travelled around the Region to visit with mayors, chamber presidents and economic development leaders.  At each stop, from Houston to Albuquerque to Austin to Brownsville, Texas, I had the pleasure to meet with our women’s business center directors and tour women-owned businesses. 
I continue to be inspired and energized by their creativity, passion and strength.  Women prove every day they not only build families, but they build enterprises.  They are changing lives and changing communities.  Today, women-owned firms are strong in 8 of the 13 most popular industries, especially construction and transportation.
It’s a good time to be a woman-owned business.  If you are still wondering where to begin, I encourage you to connect with one of the SBA’s Women Business Centers.  There are 19 Centers in the South Central Region states of Arkansas, Louisiana, New Mexico, Oklahoma and Texas, waiting to provide the advice and resources you need to start and thrive. ..............
  • Over 8.6 million women-owned businesses in the U.S.
  • Women-owned businesses generate over $1.3 trillion in revenues.
  • Women-owned businesses employ 7.8 million people. 
Between 1997 and 2013, women-owned businesses increased by almost 60%, a rate 1 ½ times the national average. 
Some experts predict that in the next three years, women’s businesses will create more than half of the new small business jobs and a third of the nation’s total new jobs. 

There are also a lot of women entering  Direct Sales as a full time career. . . I've represented Jordan Essentials (A women owned business) for 14 years as not only does it give Women an opportunity to reach for something better,  adjust to leaving corporate America.   But the Direct Sales Industry brings with it considerable mentoring and training which ALL NEW business owners need.

There is NO doubt that women contribute very heavily to the success of the American Economy 


Krystal Butherus said...

I hope to own my own business one day! I'm taking it one day at a time.

Cathy said...

Krystal, taking it one step at a time truly is the best way to grow into your business shoes.

Depending on the type of business, you'll see a lot of women actually starting it while at their current employer.

It's not the easiest decision you will ever make, but with direction and motivation it could be the best.

Krissyar said...

I have always wanted to be a business owner, I hope to one day. But I can tell you women are the BEST bosses to work for especially if you have a family. No one understands the struggles of balancing family and work like another woman!

Freda Fro said...

Women have definitely come a long in society, and I'm very happy to see more respect being shown towards us. I plan on owning my own pediatric practice when I graduate med school.

Cathy said...

Freda, wishing you the best with your own practice!

lisa prince said...

i think its amazing how far woman have come along in society in such little time x

Cathy said...

Lisa, I've seen how far it's come in my company, which in a male dominated industry, I've seend how thing have changed in just the past 5 years, vs the previous 9.