Wow the years, between 2019 and 2020 were quite a whirlwind!
We may not fully understand all the reasons behind it. One thing is clear; there was an increase in women entering the world of entrepreneurship. It felt like a major shift was happening before our eyes with numerous women owned businesses popping up in sectors such as wholesale, retail, online marketing and many other businesses.
This wasn’t a change; it marked a significant movement towards balancing the scales in what had typically been a male dominated entrepreneurial environment.
A study by Gusto showed that in 2018-2019 women entrepreneurs accounted for 28% of the landscape in the US. Just a year later, that number had jumped to 50%— and it has remained stable up to 2023. And let me tell you there’s no sign of this momentum slowing down.
Everywhere you turn there’s a female led business making an impact. All around the media, you’ll hear a female entrepreneur sharing her journey of taking risks and building her empire. These women aren’t just participating; they’re winning accolades creating employment opportunities and transforming industries.
It’s amazing to see the range of fields these women are exploring. A recent report, from Wells Fargo pointed out that a few years back women owned businesses were mostly concentrated in three industries. Now they have expanded their presence across more sectors; healthcare and social assistance, administrative and remediation services, professional and technical services and more. They are bringing innovation to areas like supplements, food, alcoholic beverages and tech services creating an impact on both the market and people’s lives.
This surge in entrepreneurship is not limited to the United States it is a global phenomenon. Women around the world are leaving their mark in industries.
The influence of these businesses is profound with potential, for even more expansion.
If you’re a woman considering starting your business rest assured, you’re not arriving late, to the scene. In fact, this might just be the moment for you to dive in.
So, what is it about the home business industry that attracts women?
Well, there are reasons behind it. Firstly, there’s the appeal of flexibility. The freedom to create your schedule and balance work with obligations such as family is highly attractive. This flexibility is especially important for women who often manage roles.
Moreover, there’s an increasing support system for entrepreneurs. From communities, to funding initiatives tailored specifically for women led ventures, the environment is becoming more supportive of women in entrepreneurship.
This network not only aids in launching businesses. Also offers valuable mentorship and guidance that can be priceless.
It involves building something and having the freedom to guide it in the desired direction.
In summary the increasing presence of women in the realm of home-based businesses reflects a shift in attitudes and perceptions.
Lastly there is a feeling of empowerment that emerges from being the owner and operator of your business. For women this goes beyond financial freedom; it’s also, about making a statement and breaking away from traditional gender norms.
It represents a movement that embraces creativity, adaptability and empowerment. For any woman seeking to leave her mark, the home business sector not only provides an opportunity but also a supportive platform. The future looks promising for women.
