Women in Business: Their Values and Their Success

Posted by Karen Erdelac on Jan 13, 2015

Women in businessFrom officials calling on corporations to add women to the Board of Directors to the lack of women at the forefront of Silicon Valley, the issue of women being involved at the helm of a private enterprise will always ignite an extensive talk.

In the past few decades, women in business have certainly broken the so-called glass ceiling. In the United States today, successful dental practices, catering companies and restaurants are female-owned. It has been reported that there are an estimated eight million women that own a business and generate approximately $1.3 trillion in revenues annually. Also, they have hired fewer than eight million workers, while accounting for about one-third of all U.S. businesses.

This makes sense, says a Huffington Post author who penned an article entitled "10 Reasons Why Women Make Better Entrepreneurs," who wrote that women are effective entrepreneurs because they share the credit, abide by the motto of hard work, maintain a risk-averse attitude and take others into consideration when making corporate decisions.

Of course, this may not be attributable to all business-minded females, but they're close.

As we start off 2015, business experts and economists project that women involved in entrepreneurship will continue to make significant gains. This is an important prediction, too, considering the fact that as the economy somewhat improves numerous enterprises will have to be established and other businesses will need to upgrade or expand.

Women in businessHere is what Carolyn Sokol of PEO Compare writes about women entrepreneurs:

"The future of women owned businesses is strong. Because they are more likely to co-exist with competitors, they do not burn out with slash and burn competition. They will seek and use the advice of their peers and expert consultants. They will listen to their employees in a no-fear environment and integrate their feedback.

"It may be profiling to site that women business owners are likely to have a wider, deeper, and longer-lived vision. They write better - often exhaustive - business plans and invest themselves emotionally. They think more about security, their employees, and their retirement than they do about trophies and toys."

To establish substantial growth in 2015, businesses will have to take a look at a number of variables, including social media, digital advertising, mobile marketing, content curation and customer service. Women understand this, and they also comprehend the fact that this will consist of advance business capital, a financial requirement if they wish to expand the company.

Advance business capital is an important tool to help grow the business and implement various required changes, particularly if there is a lack of monetary reserves. It covers the initial short-term expenses, whether they're minuscule or astronomical, and it is an alternative to traditional business funding provided by financial institutions.

Financial services firms like Quikstone Capital Solutions are willing to sit down with all entrepreneurs and take a look at the options that are at their disposal. By avoiding the necessary business investments, you risk placing your brand in the backseat or in the dustbins of history.

Since female business owners are less likely to take risks than their male counterparts, this is surely a prudent business decision. Speak with Quikstone Capital Solutions today.

Topics: Growing Your Business