SHE Adores Being An Entrepreneur

Christy Bieber has been running her own small business for over a decade now. She has grown her company over time, and there are many things SHE adores about being an entrepreneur. 

But there are also some downsides to being solely in control of her earnings and daily business operations.

Read on to learn more (ignore the last alert part – seems like a subtle pitch).

Who Is the Good Entrepreneur?

There is a bias against which women cannot compete in a marketplace. You can’t change anything if you are systematically ignored. When I [Marian Spier, serial entrepreneur, founder of TEDxAmsterdamWomen, CEO of FEM-START, and social impact & cultural strategist] started, my motto was: beat the system. Soon I discovered that is an impossible task. Now my motto is: create the system. 

The bias Marian refers to includes investors associating a “good entrepreneur” with masculine characteristics. “People would rather invest in a young man who bluffs and says: in two years I’ll turn two million in sales, rather than in a woman who turns one million in two years and can live up to that and substantiate her figures well.”

Sound all too familiar?  Read on to learn how Marian wants to make it easier for women worldwide to access networks.

Spend Time and Energy Supporting Other Female Business Owners

I could not agree more.

The idea may seem counterintuitive when one is working so hard to build their own business. How would spending time and energy supporting other female business owners help me? I am over here struggling to stay above water or maybe I have just hit my stride in business, I can’t afford any distractions.

This woman business owner walks you through how investing in fellow females directly impacted the success of her own business at every stage.

Come up for air.  Shift the focus (from all about you) to women around you.  Who needs your help?  Reach out to assist.   We all win. 

Buy From a Black Woman Entrepreneur

H&M is committed to using its platform to promote economic inclusion and spark growth for Black women entrepreneurs, because when their businesses flourish, entire communities thrive," Donna Dozier Gordon, head of inclusion and diversity for H&M Region Americas said in a statement. 

She goes on to say:  “Nikki Porcher has been instrumental in elevating these incredible businesses, ensuring they are poised for long-term success, and we are proud to stand with her and Buy From a Black Woman to make lasting change.”

Learn more about an event they are hosting today, July 8, 2023 in Charlotte, NC.  The multi-city, pop-up shopping event highlights local Black women businesses, rallies communities to shop local vendors and serves as a networking opportunity for business owners.

Take Advantage of Every Funding Opportunity, Including SBA Loans

Although female entrepreneurs and women-owned businesses have been on the rise in the country, the disparities — especially for minority women — within the American workforce are still stark compared to male and male and female-owned businesses. Here are some statistics on women-owned businesses: 

• 22 percent of employer firms were owned by women.
• 48 percent of nonemployer firms — meaning the business had no employees — are owned by women.
• Women-owned businesses are more likely to rely on funds from personal sources, such as family and friends and savings.
• 32 percent of women-owned businesses were zero to two years old versus 16 percent of male-owned businesses. 
• Women-owned businesses make up 42 percent of all businesses in the U.S.
• Globally, women account for roughly one in three of all high-growth entrepreneurs.

In 2022, 63 percent of women entrepreneurs surveyed said they expect revenue to increase in the upcoming year and 47 percent plan to expand their business. 

Learn more about how the SBA helps women overcome financial barriers and fulfill their dreams, making it a good place to begin your search for funding.