Women are knocking down barriers in business and with each new accomplishment, doors are opened for future female entrepreneurs. But there are a few distinct benefits to being a female business owner right now… Let’s explore what makes this year different.
the #’s are in your favor
Sometimes being in the right place at the right time really pays off.
A recent study revealed that the number of women-owned businesses between 1997 and 2013 grew at 1-1/2 times the national average. In 2013, there were over 8.6 million women-owned businesses in the United States, according to the same report.
Female entrepreneurs generate around $1.3 trillion in revenue, and in 8 of the 13 most popular industries, female-owned businesses exceeded the overall sector growth. This means that many female-owned businesses are doing nothing short of thriving.
a better sense of wellbeing
Studies have shown that women who own businesses have a sense of wellbeing that is around three times higher than women who don’t own businesses. While being an entrepreneur has its fair share of ups and downs, the experience can also increase your overall life satisfaction and feelings of happiness. This makes starting the business you’ve been thinking about for a while even more appealing.
emotional intelligence is an asset
The emotional intelligence that we tend to have can be a real competitive advantage. Women have a slight edge over men when it comes to emotional intelligence. In short, women are better at perceiving and understanding both their own emotions and the emotions of others.
Women are also better at weighing the pros and cons of important decisions. For example, a woman may not be so quick to employ an outside IT firm like Ntiva’s experienced IT consultants if she’s reviewed the financials and knows that it will be more cost-effective to hire within to fill the need.
be a change agent
There are workplace horror stories out there from all industries, companies, and countries. These stories can illustrate how corporate culture can work against women. They also illuminate ways the traditional work environment isn’t always a safe and secure place for females.
However, having your own company allows you the opportunity to establish a different workplace culture. One that works best for everyone, regardless of gender. Make having solid policies in place to ensure no woman has to feel unsafe in the workplace a priority for your business and help bring positive change to women in business.