Wednesday, May 21, 2008

Entrepreneurship - Women Driving the Surge

The trend with women in business continues to increase in the United States

Minneapolis, MN (Grassroots Newswire) May 21, 2008 - Creating a lifestyle that allows for balance between family and work life is a main priority for women, especially when considering what they want their professional life to look like. In today’s new career economy, where business ownership is usurping the once glamorous corporate managerial positions, women are a driving force behind the rise of self-employment statistics, according to CarolynHerfurth, Minneapolis business coach for The Entrepreneur’s Source. Herfurth says that women bring strong advantages to managing a business, such as flexibility and the ability to multi-task; helping them ultimately achieve the work life balance they require.

“According to the U.S. Small Business Administration, women make up over 32 percent of the country’s 12.2 million business owners. They are climbing the entrepreneurial ladder without a glass ceiling to shatter,” Herfurth said. “Whether it is a full-time, home-based business or self-employment opportunity limited to weekend hours, or a 9 to 5 schedule, women are choosing their lifestyles and business ownership oftentimes complements their wants and needs.”

Nearly half of the privately-held businesses in the U.S. are owned by women, says the Center for Women’s Business Research. That translates to over 10.5 million businesses and generates over $2.5 trillion, the Center reports. For many women – particularly moms – the flexibility that comes with owning their own business is becoming more and more appealing.

And according to a ProGroup, Inc. study, women-owned businesses employ over 19 million people nationwide.

“Women make for great networkers when it comes to promoting their businesses.” says Herfurth. “They understand the value of making a connection with people. It also explains the popularity of online women’s business networking sites such as WEBB – Women Empowered by Business,” (www.WomenEBB.com).

Herfurth said sites like WEBB promote women’s success in business ownership by offering opportunities for the exchange of ideas, resources and experiences. WEBB is committed to providing career growth opportunities in business ownership and support for existing entrepreneurs seeking to increase the results of their own business. The WEBB Web site offers many resources including monthly webinars, lessons from successful women, opportunities to participate in Mastermind groups, organizational tips and book reviews for creating success in life.

“There is no doubt that women entrepreneurs are having a tremendous impact on today’s economy,” says Herfurth. “We are proud to say that The Entrepreneur’s Source has provided career and business coaching services to hundreds of women helping them find the right business or making their existing business become more profitable."

The Entrepreneur’s Source is a leading business coaching firm that specializes in helping people discover the right business for their lifestyle, goals and needs. Business coaches, such as Herfurth, offer services such as finding the right business, increased profitability, communications and leadership, marketing and business planning, exiting a business, and expanding operations.