Why Entrepreneurship Is Rising For Women

Women now own over 40% of all U.S. businesses, employing 12.6 million people and generating $2.8 trillion in revenue, according to a recent report by Wells Fargo. The number of women-owned businesses grew 12% from 2022 to 2025, nearly double the growth rate for businesses owned by men.

The trend is particularly strong among younger women and women of color, who are ambitiously launching new businesses. 

Read more here.

Alice Walton Joins the $100 Billion Club

These 15 people have 12-figure fortunes. One of the individuals featured is Alice Walton, the only daughter of Walmart founder Sam Walton (d. 1992):

In September, 2024 Walton became the world’s wealthiest woman once again, overtaking French L’Oréal heiress Françoise Bettencourt Meyers, who had surpassed her for the previous two and a half years. The Walmart heiress is best known for spearheading the Crystal Bridges Museum of American Art in her family’s hometown of Bentonville, Arkansas. She has given away an estimated $1.7 billion, including a recent gift of $249 million to help fund the new Alice L. Walton School of Medicine, also in Bentonville. 

In all, the 15 “centibillionaires” are worth $2.4 trillion, nearly $400 billion more than a year ago—and more than the planet’s 1,500 “poorest” billionaires combined. Put another way, this group of just 0.5% of the world’s 3,028 billionaires holds an incredible 15% of all billionaire wealth.

Here's more focusing on the world's richest women 2025.

What Will You Do With 2025?

The midnight countdown isn’t just a Gregorian calendar ritual; it’s a metaphor for fresh ideas and bold mindsets.

So as we step into 2025, let these five insights (bold trends) inspire you to embrace change and lead the way forward.  

1. The Era of the Outspoken Individual
2. Tackling Ageism: A Movement for Representation
3. Redefining Morality and Breaking Rules
4. Social Media’s Continued Dominance and the Rise of Brand as a State of Mind
5. The Rise of Remixes and Reimaginings

Entire article can be found here.

What will you do with 2025?  How do you plan to redefine it?

America's Richest Self-Made Women 2023

Female entrepreneurs.  Women business leaders.  Those who have made it and those who aspire to make it.  These women are driving change, transforming business and making a significant impact on the world. 

Collectively, the 100 women on the list have a record high net worth of $124 billion, up 12% from last year. List members have built careers in a range of industries, including healthcare, entertainment, financial services and technology. 

AI is already having an impact, helping drive up the fortunes of semiconductor firm AMD’s CEO Lisa Su, who is preparing for battle in the coming AI revolution against Nvidia, and Insitro CEO Daphne Koller, a computer scientist whose South San Francisco firm is using machine learning to develop drugs more quickly.

Read on to find out who the top 100 women are.  Full list here.

Community Development Financial Institutions (CDFIs) Provide Affordable Financing to Women

Congress created Community Development Financial Institutions (CDFIs) in 1994 to provide affordable financing to women, minority, and other underestimated entrepreneurs.

CDFIs hope, through financing, is to help women entrepreneurs rebound faster and grow stronger, healthier businesses despite the pandemic.

CDFIs are mission, not profit-driven. They have lower requirements regarding years in business, credit score (or no credit score), and collateral. Entrepreneurs still have to prove that they're creditworthy, but CDFIs work with entrepreneurs whom banks typically turn away. CDFIs have proven that financing women- and minority-business owners are NOT risky.

Think of them as first responders for women entrepreneurs.  How will you use a CDFI loan to become a healthier, stronger business in 2022?

Source:  Our esteemed colleague and friend, Geri Stengel, who contributes to Forbes on a regular basis.  She is a big supporter of women business owners.

Standout Women Entrepreneurs

What's the definition of standout?  According to Merriam-Webster:

:one [woman entrepreneur] that is prominent or conspicuous especially because of excellence

For the 2018 iteration of Forbes' annual 30 Under 30 list of game-changing young entrepreneurs, they highlighted 600 rising stars across 20 different industries. Many of the standouts this year -- across categories as varied as venture capital and entertainment -- happen to be women.

Meet 6 of the best and brightest.

Figurine credit.

Savvy Women Entrepreneurs Don't Work Alone

Our friend and awesome reporter Geri Stengel at Forbes says:

The most successful entrepreneurs don’t do it alone. That holds true for men and for women but particularly for women. 

She goes on to say:

Only other women see, hear and feel what women do. Women face different challenges than men: their access to capital and markets is restricted. What do you get when you problem solve with a group of women entrepreneurs? 

Take a look at what members of  the Women Presidents’ Organization (WPO), a peer advisory group, and organization I am extensively involved since 2003 as the Chicago Chapter Chapter chair, found.

The #1 Secret to Success Women Entrepreneurs Need to Share

The Future of Leadership is Women

Meet the world's greatest female leaders.  Forbes has put together its 2016 list of game-changing leaders, which includes 23 women.

Screenshot of Mina Guli, CEO of Thirst and one of the women featured on the list.

A Place Where Business Owners Turn to Get Inspired

Loren Feldman (pictured), formerly the small business editor of The New York Times, now oversees entrepreneurship coverage at Forbes. You don't want to miss his features.

In the article below he covers today's must-reads for entrepreneurs, including one that features women entrepreneurs.  Great stuff.  Here's a clip:

Six women entrepreneurs begin a conversation about imposter syndrome and breaking through $1 million in revenue: “Several of us had been called “that girl,” as if we hadn’t yet made it past puberty. 

Read more:  Today's Must-Reads For Entrepreneurs:  Can Gusto Supplant Zenefits?

What's Holding Women Back in Business?

What's holding women back in business?  Do you think what's holding women back in the corporate world is the same for women who run a business?  I don't think so but here's what Sandy Carter, General Manager for IBM Ecosystems and Social Business Evangelism, says when Carrier Kerpen asked her that very same question.

Be a better networker and build better relationships.

She goes on to say "Don’t be fearful of networking and don’t view it as added “extra.” Approach it in the same way you would any other aspect of your business – head on."

Isn't this something we do as a business owner day in and day out?

Read the entire article and see if it applies to you:  The Importance of Human Connections

Photo Credit: Arya Ziai

Women Entrepreneurs Face Greater Challenges Than Men

Women are starting businesses at a very fast clip but to reach more than a million dollars in revenue is less than 1/3 the rate of companies led by men.

According to Babson,  if women entrepreneurs in the U.S. started with the same funding as their male counterparts, they would add 6 million jobs to the economy within five years.

Those jobs aren’t missing because women are unable to lead. They’re missing because women entrepreneurs face greater challenges than men, and that’s not a whine, it’s a fact. 

Read the great article by Geri Stengel and published by Forbes:

Champion For Women Entrepreneurs Realigns For The Times

Photo Credit: ttnk

100 Best Sites for Women

Forbes has published its fourth annual list:

The 100 Best Websites for Women, 2013

From Forbes:  As is always the method to our madness, the above list is the culmination of a year’s worth of Internetting, asking around and getting lost down the rabbit hole of the best (and sometimes weirdest) of the Web ...

Oh, maybe we'll make the list next year! 

Stake Out Your Place On the Road to Success

With the beginning of a new year, it's really time to stake out your place on the road to success.  It's in line with what we wrote about here with unleashing your yellow tree in 2013.

Deborah Sweeney (pictured), contributor to Forbes, provides her tips to ensure every day of 2013 is a great one for you and your business.

Read:  How Female Entrepreneurs Can Stand Out in 2013 - Forbes

Visit Deborah's company:  MyCorporation

Photo courtesy:  MyCorporation

Do You Have to Limit Your Entrepreneurial Ambitions to Be a Good Mom?

Wow, that's a bold, gutsy question. What do you think? According to Geri Stengel's, "Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs," (Forbes) she challenges us by posing that question and more. But the short answer:

The first order of cultural change, is to debunk the idea that to be a good mom, you have to limit your ambition. “If you want to have a family and run a business, you can — and a growing number of us do,” says Liz Etling, CEO and co-founder of Transperfect, the largest privately owned language services provider, with offices in 75 cities worldwide, and a good example of eluding the barriers to success. She started her business with a fellow student in a dorm room 19 years ago.

Key factors holding women back?

1. Women self-limit their ambitions.
2. Their assertiveness is perceived as ”bitchiness.”
3. Men need to change.
4. Women need to network.

Agree? Disagree? I welcome hearing from you and so would other readers of this blog. So please comment based on your opinion and/or first-hand experience.

Read the entire fabulous article here.

Posted by:  the official Escape From Corporate America blog
 

What Business Books Inspire Women Entrepreneurs?

Kelly Watson for Forbes writes a wonderful article:

Twenty-One Women Entrepreneurs Reveal Their Favorite Business Books
Even the savviest businesswomen get their inspiration from somewhere. Find out what's on their nightstands.

We like the fact that Kelly went to such great lengths to feature so many fabulous entrepreneurs -- many that we know -- and it's interesting to discover that several of them enjoy the works of Malcolm Gladwell and Dan Pink (me too!).

Check it out here.

What business books keep you inspired and propelled to achieve greatness in your life?

From O.Y.O.B. to M.B.A.

I opened my business in 1985 and then realized early on that to do a really good job running it, I needed a higher level of education (process is everything). So into about year two, I began an M.B.A. program at Lake Forest Graduate School of Management.

What I remember most back then is not so much the course content or professors but the confidence and discipline I gained from the experience. After all, I was one of three women in a program of 30 students. What a ride it was but a good one indeed. If I had it to do all over again, I'd do it exactly the same.

Fast forward to here and now. Forbes claims that an increasing number of women are heading to business school due to a weakened economy.

According to the U.S. Department of Education, women received 44% of M.B.A.s in 2007, up from 39% a decade earlier, which translates to a 75% increase in the last 10 years.

Why?

It's the flexibility of the degree that's appealing, says Deirdre Leopold, managing director of Harvard M.B.A. Admissions. "Women are using it not only for finance but also to work in nonprofits or open their own businesses."

You can O.Y.O.B. (open your own business) and then get an M.B.A. I'm living proof!

Read more here:

Why More Women Are Heading to Business School

Photo credit: Cafe Press

Who's A Better Inventor?

If you want to create a really useful invention, you should:

a. Hire men.
b. Hire women.
c. All of the above.

Find out here.