Everybody wants to be an entrepreneur… especially women and I LOVE IT.
According to the Kauffman Index, Start-Ups are on the rise.
And guess who’s disrupting it, businesses a blazing?
Women, Baby Boomers and Immigrants.
BUT WHO IS THE KAUFFMAN FOUNDATION?
You may be wondering who the Kauffman Foundation is and why its research matters.
According to their website….” The Kauffman Foundation is a non-profit foundation, with a $2 billion dollar asset base [wowzers!], that fosters a society of economically independent people contributing to the improvement of their communities. The main focuses of the foundation are to advance entrepreneurship and improve education for children.
Visit www.Kauffman.org to find out more about their initiatives and the founder. Additionally, they’re blog, articles and reports are a great resource for entrepreneurs.
Now back to this report….
Here’re a few key points I want to highlight based on the 2016 Kauffman Index:
- Start-ups and entrepreneurship, in general, is on the rise.
- The rate of new women entrepreneurs is at its highest since 1996 and the gender gap is narrowing.
- Start-ups are the primary creator of the 889,000 jobs created in the 4th quarter of 2015 – the highest it has been since 2008.
- In 1996, minorities accounted for about 23% of entrepreneurs. Now they account for a whopping 40% with Black and Latina, Latinx women entrepreneurs leading the way.
- 84 out of every 100 new business owners started their business out of opportunity, not a necessity (ie., unemployment) and women are starting more ‘opportunity businesses’ than men. [this is key]
What does this mean? THE TIME IS NOW.
The biggest ‘AHA for me wasn’t that entrepreneurship is on the rise or that women (particularly Black and Latina, Latinx) are starting businesses in a big big way. I believe in order to cure the epidemic of ‘brokeness’ among women is that EVERY woman must become some type of entrepreneur. Say what you want, but the numbers tell it all. That’s why my mission is —-> #NoMoreBrokeChicks
However, my biggest AHA (and joy) was that women are outpacing men in starting up businesses because they see an OPPORTUNITY and are TAKING ACTION on it.
Moreover, they are being PROACTIVE and not reactive to financial obstacles such as unemployment, debt, income constraints, etc. The numbers show that most of them are actually employed when they decide to become entrepreneurs.
Here’s another point the Kauffman Index brought to light…
Baby Boomers are opting for business instead of Walmart.
Yep. This sector is starting up businesses at a rapid rate as well. WHY?
They see opportunity. Clearly working at Walmart after retirement is not their only option. They’ve decided to put their pension money to use for themselves and their grandchildren. Go ‘head with your wise selves!
and….IMMIGRANTS are (still) getting it done. I’ll have to break that down in another email for all my #TeamCaribbean and #TeamAfrican peoples.
If you’ve been paying attention the keyword has been OPPORTUNITY.
All the numbers (and signs – if you need to get woo-woo about it) show that this is a great time to start up or expand a business.
This is a great time to get serious about monetizing that hobby (or habit; see below about women in cannabis).
And to all my corporate climbers, this is a great time to start investing in businesses, particularly women-run businesses.
Did you know that companies with women leaders perform 66% better?
With the recent reminders that they’re people in the world like Dxxxxx Txxxx and his supporters who don’t want to see women, minorities or immigrants realize the American Dream (entrepreneurship) its time we begin to solidify our (financial) independence.
And listen, I’m here if you need help because that’s what I do – help women build and brand profitable businesses.
So shoot me a line to Hello (at)TaniChambers.com and let’s talk business.