New research from Boston Consulting Group (BCG) found that if female entrepreneurs received as much support as male entrepreneurs, the global economy could experience up to a $5 trillion boost.
It is well-documented that women-led businesses are underfunded, with data revealing that in 2017 only 2.2% of venture capital (VC) funding going to women-led companies. Women received only $1.9 billion in funding compared to the $83.1 billion that men received. In addition, research found that only 2% of female-led businesses earn $1 million or more in revenue. Research has also determined that women-led businesses experience more positive outcomes and even outperform their peers. Given all the potential benefits that accompany female-led businesses, it’s imperative to uncover impediments to their growth. What are the causes of these barriers and how can they be overcome so that women-led businesses experience more support and success, thus stimulating the global economy?
By: Janice Gassam
Source: Forbes
At a time of shrinking DEI commitments and growing cynicism around corporate culture, Toni Thompson is paying close attention to what Etsy’s increasingly diverse and growing number of employees need to succeed. Since she joined Etsy in 2020, the company has expanded dramatically, transforming into a ‘house of brands’ with offices in Brooklyn, Chicago, London, Dublin, and Mexico City
Job swapping and job hopping, once viewed negatively, can now be a strategic move to advance the careers of Black professionals, offering an alternative and unconventional way for workers to control their own stability and boost earnings in a relatively short period of time.
During a women’s development program I once facilitated, a participant stood up to share her experience: “Nellie, one of my colleagues told me that I got promoted simply because I am a woman.” Her discomfort and disappointment were visible, and I could see by the expressions of others in the room that this was a familiar scenario. No surprise.