WomensNet News

October 26th 2011

Interesting Article We Wanted to Share

We wanted to give you a bit of news on the women’s business front.  Specifically, we came across an interesting article on the Women’s Economic Summit in Tennessee.  But before we share what we uncovered, a quick reminder that the WomensNet.net Amber Grant deadline is in just 5 days.  So please take a few minutes to tell us your story if you’d like to be considered for the $500 women’s business grant for this month.

Ok, now to the news… Check out the following statistics and you’ll see why women need to stick together in the business world.  These stats are from the Women’s Economic Council Foundation and are specific to Tennessee.  But, of course, they are generally applicable to women all over the country (if not the world).

** Women make 79 cents for every dollar that their male colleagues make.

** There are twice as many male-owned businesses as women-owned businesses.

** Women businesses tend to bring in less revenue and employ fewer people than male businesses.

** The number of women-owned business increased by 20% from 2002-2007.

** Women are more likely to have a degree than men, and the number of women in college is greater than men.

** Female students also outscore male students on all reading and most math scores at grade school and middle school levels.

The good news is that women like you continue to start and develop their own businesses.  And the next generation of women entrepreneurs is doing well in school.  But, of course, there still seems to be a glass ceiling in the business world.  Those statistics should give up hope and encourage us as women business owners.

The joke from one of the Women’s Summit organizers says it all:  Would Wall Street be in the straits it is today if Lehman Brothers had been Lehman Sisters?!…