There have been many studies showing women’s disproportionately low participation in entrepreneurship and their poor access to capital and networks, but a report published this week is the first to give a comprehensive picture of the state of female entrepreneurship worldwide.
Most of us have seen the pop-art cartoon before, either on a refrigerator magnet or a T-shirt. It’s a Roy Lichtenstein spoof of a woman smacking her forehead and saying: “Oh my God! I forgot to have children!” A tear drips from one corner of her eye.
In 1997, Julie Mahloch started GiftPoints, an e-commerce site that enabled shoppers to buy gift certificates at a time when they were only available for purchase in-store. The site – which turned into GiftCertificates.com – had revenues of about $100m five years after its founding.
A new report from Ernst & Young, published this week, brings together a wide range of data and adds new insight into the potential of women in Africa to boost economic growth, increase levels of education and improve standards of governance in public life.
Irene Rosenfeld rises to head the Financial Times’ list of the top 50 women in world business in a year defined by her decision to split Kraft Foods into two separate entities.
Janice Reals Ellig, the co-chief executive of Chadick Ellig, the New York City-based executive search firm, has made it her life’s work to get more women on corporate boards.
In one of the swankiest spot in New York’s Chinatown this week, the Women’s Venture Fund (WVF) held its 14th annual gala, and honoured two highly successful women in business, writes Devon Portney. They are Ida Liu of Citibank, and Alitia Faccone of McCarter & English, the law firm.
According to the Center for Women’s Business Research, women-owned businesses account for 40 per cent of all privately held companies – which is not too shabby. But only about 3 per cent of all of these companies have revenues of $1m or more, compared with 6 per cent of companies owned by men. According to a study by the Kauffman Foundation, just 1.8 per cent of women-owned companies have revenues above $1m.
My colleague, Liz Bolshaw, recently wrote in this space about new research that examines entrepreneurship’s gender gap. The study found that 29 per cent of privately held firms in the US are women-owned, but just 1.8 per cent of those firms had revenues above $1m. The study also found that women lodge less than half the number of patents of men.
How does a woman respond when she’s being recruited for a top job that may prove to be just too much of a stretch? And how is that different from how a man reacts in the same circumstances?