WomensNet News

January 20th 2014

Forbes Says: 2014 Will Be A Breakout Year for Women Entrepreneurs

We recently came across a wonderful piece from Forbes entitled, 11 Reasons 2014 Will be A Breakout Year For Women Entrepreneurs.

Naturally, our eyes lit up. And we’d like to share some of our favorite nuggets from the article with you.

*** There is room for improvement, but the U.S. ranked #1 among 17 countries on having the conditions that foster high potential female entrepreneurship, according to Gender-Global Entrepreneurship Development Index (GEDI). These conditions include entrepreneurial environment, entrepreneurial eco-system and entrepreneurial aspirations.

*** Venture-backed companies that include females as senior executives are more likely to succeed than companies with only men in charge, according to Women at the Wheel: Do Female Executives Drive Start-Up Success? a report by Dow Jones VentureSource.

*** Organizations that are the most inclusive of women in top management achieve 35% higher return on equity (ROE) and 34% better total return to shareholders versus their peers – and research shows gender diversity to be particularly valuable where innovation is key.

*** The number of wealthy women in the U.S. is growing twice as fast as the number of wealthy men.

*** 60% of high-net-worth women have earned their own fortunes.

*** Some estimate that by 2030, women will control as much as two-thirds of the nation’s wealth.

Forbes reminds us that we live in a country that allows an opportunity to chase our dreams. And we’re seeing the power of women-owned businesses rise to the forefront. It’s a beautiful thing, and we hope to contribute to this upward swing.

How? With our WomensNet Amber Grants.

Founded in 1998 and launched in conjunction with the entrepreneurial community for women, Amber Grants honor the memory of a young woman who died in 1981, at the age of 19. The purpose of these grants is to help other women achieve the kind of dreams Amber never had a chance to pursue.

We focus on assisting women with small businesses, particularly those that are home-based or online. The grants are small, usually $500 to $1000, and are intended to be used to upgrade equipment, pay for a web site, etc. –- the small but essential expenses that can often make the difference between getting started or forever being stalled.

The January Amber Grant will be for $500.00. No repayment is required or expected — we simply hope that you will pass on the kindness by mentoring and helping others along the way. If you’re interested in applying, you can do so here.

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