Is this the era of women-led businesses? A March 2013 study published by American Express offers some impressive statistics.
Women running their own businesses comprise an important trend driving economic growth.
A March 2013 study published by American Express found that there are over 8.6 million women-owned businesses in the United States, generating over $1.3 trillion in revenues and employing nearly 7.8 million people. Georgia ranked #1 in the nation for growth of women-owned businesses, with an estimated 308,200 such organizations generating nearly $44 billion in revenue.
The study goes on to state that when looking specifically at the 2007-2013 period, the net increase of 5.3 million jobs economy-wide has come almost entirely from very large public corporations and women-owned firms.
As we see more women following an entrepreneurial path, and generating significant jobs and revenue, the need to support women-led business growth becomes increasingly apparent
Last year Frazier & Deeter began to organize women entrepreneur events as a way to give women business leaders an opportunity to meet their peers, exchange ideas and learn from each other.
The exchange of ideas with peers and strategic advisors is critical to helping entrepreneurs develop their businesses. Unfortunately many of the women now joining the ranks may not have access to the same sort of support networks as their male counterparts.
The Frazier & Deeter May women’s event is bringing together an impressive panel of women to share insights regarding female entrepreneurship.
The panel includes:
• Ann Stallard – a serial entrepreneur who was CEO of Graphic Communications. Stallard was recently profiled in the Atlanta Business Chronicle’s special edition on women’s leadership.
• Margaret Gearing – Founder of EOS, a high-growth marketing agency
• Missy Dugan – the first woman CEO of the Boys & Girls Clubs of Atlanta
• Dean Kathy Schwaig – The first female dean of Kennesaw State’s business school. KSU recently announced a Women’s Leadership Center.
• Dean Faye McIntyre – Dean and Sewell Chair of Private Enterprise, University of West Georgia
• Dean Linda Hadley – Dean of the College of Business, Columbus State University
The statistics published by American Express show the momentum achieved by women-led businesses over the past several years. By bringing women business leaders together and fostering the exchange of ideas we can support and possibly increase this momentum, enhancing job creation throughout the region.