Last week, the student attorneys at Elon’s Small Business and Entrepreneurship Clinic attended the online ‘W.E. Do’ Women Entrepreneurs presentation featuring three inspiring change-makers:
Mary Gunn, CEO of Topia Life Sciences and Board Director
Ann Arnold, CFO of H. Arnold Wood Turning and Co-Founder of the Mark Schonwetter Holocaust Education Foundation
Ricki Fairley, CEO and Co-Founder of Touch, the Black Breast Cancer Alliance
According to the World Economic Forum, “women made up 47% of US entrepreneurs starting businesses in 2022, compared with 29% prior to the COVID-19 pandemic.” Great growth has occurred in encouraging, empowering, and assisting females to dive into the entrepreneurship space. In another article looking at the success female-owned business, Forbes reported on findings that businesses owned by women had earnings increase by 27% compared to a 22% increase in earnings from male-owned businesses. According to another article by Score, women are more likely to own a business that is 10 years old or older than men; 24% to 19% respectively. However, almost half (49%) of women-owned businesses are 0-5 years old. This shows that while many of the women-owned businesses are relatively new, women-owned businesses do tend to stick around for the long run.
A big thank you to Elon University’s Doherty Center for hosting this talk and spreading the word about the power of female entrepreneurship!
If you are interested in learning more about the Small Business and Entrepreneurship Clinic here at Elon University School of Law or need assistance with your small business, please email us at businessclinic@elon.edu.
Referenced Articles:
World Economic Forum Article: https://www.weforum.org/agenda/2023/04/women-entrepreneurship-business-growth-jobs/
Findings on Biz2Credit Women-Owned Business Study: https://www.forbes.com/sites/rohitarora/2023/03/08/women-owned-businesses-thrived-in-2022/?sh=1946f2c4dd4e
Score Article: https://www.score.org/resource/blog-post/state-women-entrepreneurs
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