“If you don't know what your passion is realize that one reason for your existence on earth is to find it.”

  • - Oprah

Why Women are Starting More Business

A recent study by Yahoo and the Small Business Administration found that more women are starting businesses than ever before. In fact, between 1997 and 2017, the number of women-owned businesses increased by 114%. So, what's driving this trend? Let's take a closer look at a few of the reasons why women are starting more businesses.

There are a number of factors that are driving this trend. First, women have increasingly been obtaining college degrees over the last few decades. In fact, according to the National Center for Education Statistics, women now make up approximately 57% of college enrollment. And as women have become more educated, they've also been moving into traditionally male-dominated fields such as business and finance.

Second, the rise of the internet has made it easier than ever for women to start their own businesses. These days, you don't need a lot of capital or experience to start an online business. All you need is a great idea and a bit of gumption. And thanks to social media platforms like Instagram and Facebook, it's easier than ever to market your business to a wide audience.

Finally, there's been a shift in societal norms when it comes to gender roles. These days, it's no longer assumed that the man is the breadwinner and the woman is the homemaker. Women are now seen as equal partners in both work and home life. This shift has helped make it more socially acceptable for women to take on leadership roles in both their professional and personal lives.

The Yahoo/SBA study found that there are now over 11 million women-owned businesses in the United States. And as more women become educated and enter previously male-dominated fields, that number is only going to continue to grow. So if you're thinking about starting your own business, know that you're part of a growing trend. And with the rise of the internet and social media, there's never been a better time to be an entrepreneur. Go out there and make your mark!

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Copyright © 2022 North Miami Business Summit.

All Rights Reserved.

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