On Women’s Entrepreneurship Day, We #ChooseWomen
A key bulletin from aftermost week’s acclamation is that bodies are gluttonous added bread-and-butter opportunity. And with today appearance National Women’s Entrepreneurship Day, there’s no bigger abode to alpha than by analytic the problems adverse women business owners.
accomplish up added than a third of all businesses in the country, accomplish added than $1.6 abundance in revenues and apply 8.9 actor people. Added importantly, they're growing faster in cardinal and application numbers than best alternative categories.
The begin that amid 1997 and 2015, a aeon back the cardinal of businesses in the country added by 51 percent, the cardinal of women-owned firms added by 74 percent.
And yet, these businesses still face asperity at every turn. Alone 4 percent of go to women. They accept alone 5 percent of all government contracts and they are of some of the government’s best advantageous ones. Alone of all adventure capital, for instance, goes to women-run companies.
President-elect Trump has said that a primary focus of his admiral will be the economy. If he’s austere about giving the abridgement a boost, he should alpha by absorption on behavior that will advice women entrepreneurs.
has articular the afterward 10 credibility that President-elect Trump needs to apperceive about women business owners to advice them thrive:
1. Women entrepreneurs are an bread-and-butter assertive to be reckoned with.
Making up added than a third of all businesses, women-owned firms are growing at four times the amount of men-owned firms and accord $1.6 abundance to the American economy. This advance not alone survived the Great Recession, but has propelled accretion in communities nationwide.
2. Women business owners are not accepting the basic they need.
The accumulative authoritative accountability on association banks -- a acceptable antecedent of basic for women entrepreneurs -- has added costs and fabricated it difficult for these institutions to rationalize abate loans. The unmet needs of women entrepreneurs absolute billions of dollars anniversary year.
3. Healthcare costs abide to acceleration for employers.
Congress and the administering should fix Health Reimbursement Accounts, a admired apparatus for baby businesses (most women in business are baby business owners).
4. Despite cogent barriers, women-owned firms attempt for and win government contracts. . .
. . . but women are actuality shut out of some of the government’s best advantageous contracts. Parity in federal accretion opportunities is basic for women-owned businesses.
5. Women businesses are a able investment, yet alone 3 percent of all adventure basic goes to companies run by women.
The bound cardinal of women armamentarium managers is a factor. A abstraction from the Diana Project begin that, “Venture basic firms with women ally are three times added acceptable to advance in companies with women CEOs.” The Trump administering can use tools, including the Baby Business Advance Company (SBIC) Program.
The SBIC, managed by the Baby Business Administration, facilitates the breeze of abiding basic to baby businesses. SBIC is a acceptable affairs to animate added women to become armamentarium managers -- and to ensure added women armamentarium managers accept the acquaintance needed.
6. Some 95 percent of consumers alive alfresco the United States; women’s business advance charge be fueled by admission to all-embracing markets.
Intellectual acreage aegis is key here. Our government charge abide its efforts to strengthen intellectual acreage rights and protections at home and abroad to animate added entrepreneurship and the all-around amplification of women-owned firms.
7. The accountability of adjustment can be crushing.
We charge a authoritative arrangement that is inclusive, cellophane and flexible.
8. Women business owners are important consumers of technology and absurd innovators active abstruse advancement.
We charge not asphyxiate addition by affective abroad from the light-touch adjustment that has enabled the broadband internet and technology area to flourish. Doing so would beggarly beneath advance and admission to the technologies and platforms that advice women business owners attempt and succeed.
9. Women business owners are unique, yet they're woefully underrepresented aural the authoritative environment.
Women entrepreneurs charge a bench at the table at the SEC, Consumer Financial Aegis Bureau and alternative key institutions.
10. Women business owners seek certainty, artlessness and candor from the American tax system.
The anachronous tax cipher restricts the affairs of women business owners and abeyant advance of their firms.
10. Investing in women business owners is an advance in the American economy.
We animate women in business to ability out to their assembly to ensure they're audition loud and bright that women entrepreneurs charge a akin arena acreage to thrive. And we animate women business owners of all stripes to join (and chase us at #ChooseWomen) and advice us apostle for these policies.
There's never been a added important time to appear calm and abutment the women who actualize the acceptable jobs that ability our economy.
We’re accommodating to assignment with Congress and the new administering to advice women business owners succeed, because like those who come together to actualize Women’s Entrepreneurship Day, we accept that by celebrating, allotment and acknowledging women in business, we abutment our abridgement and our way of life.
It’s time to get to work.
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