Women own nearly half of the privately held businesses in the United States, says the Center for Women’s Business Research. That translates to more than 10.5 million businesses that generate more than $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. The center also reports that one in 11 adult women is an entrepreneur.
As research indicates, women are more likely to listen to the expertise of others, including consultants and experts, in order to help build and grow their business.
Melanie Bergeron is the president and chief operating officer of Two Men and a Truck. She said that one of the most important things for entrepreneur mothers is having a strong support network.
“An entrepreneur mom needs a strong support person that can help them balance their family/work life,” Bergeron said. “It’s no surprise that a new entrepreneur needs to spend an enormous amount of time in the beginning developing their business.
“My advice would be to set a goal of not working more than 40 hours a week — outsource and delegate as much work as you can afford to do,” she said.
Photo by archive.ccm.edu.
Fred333 on October 30th, 2007 at 11:10 am
Very good advice. That is the key is outsourcing.
Monica on November 1st, 2007 at 5:34 pm
Thanks for this great article. Those statistics are phenomenal! Let’s keep up the good work ladies! I have some very valuable information for women who are planning on starting their own business. Mirassou is having this great contest called, “Make your Dreams Come True with Mirassou.” One business women will be awarded $50k, plus a team of highly professional consultants to help kick start their business=D You can check out: http://www.mirassou.com/women_in_business/dreams.asp for more details & to enter! The deadline is Dec. 15 2007. Anyone going to give it a shot? I work with them, so just helping to get the information out! Good luck!