Hurdles which are associated with the journey of entrepreneurship deter many people even before the start of the promising ideas. Several startup owners do feel how their journey can lead them towards the desired goal, what can they do to make it successful and what they should have done in the past are a few things that keep on discouraging a beginner before the start of the journey.
It is a fact that listening to success stories of great people who successfully made it keeps on inspiring. Such inspiring stories allow the beginner to come closer to their dream. However, it is also true that for every successful entrepreneur there are several failed attempts. You might be working for a well-established company, but still not be able to put your views and ideas. By becoming an entrepreneur you have the biggest opportunity to come out of the crowd, create an inspiring story for others, stand strongly with the financial freedom everyone yearns for. Read more!
American Express, in its annual State of Women-Owned Business Report for 2018, found that women-owned businesses opened at a net rate of 1,821 businesses per day. Its findings give insights into the overall state of female entrepreneurship. Among its key findings:
- Between 1972, when the U.S. Census Bureau began tracking ownership by gender, and 2018, the number of women-owned businesses grew 31 times larger, from 402,000 to 12.3 million.
- Employment in women-owned companies grew 40 times larger, from 230,000 to 9.2 million in the same time period. Annual revenue grew from $8.1 billion to $1.8 trillion.
- In the past 11 years, the number of women-owned businesses with more than $1 million in annual sales grew by 46 percent, compared to 12 percent growth for all U.S. businesses. Those high-earning firms account for 69 percent of all revenue and 68 percent of total employment among all women-owned companies. Read more.