Entrepreneurs on Fire: 5 Reasons Why Women are Taking Control of their Legacy

We’re at the peak of our women’s entrepreneurial movement! Now, more than ever, women are embracing the potential of creating the business environment that they love and building a legacy for themselves and their families.

While some women are forced into this career exploration through corporate setbacks, divorce, the need for flex schedules, and frustration with the lack of passion they were feeling in their careers, other women are taking the cliff jump out of sheer desire to build the world they want to see. Either way, I think it’s safe to say that we see entrepreneurship, fempreneurship, and mompreneurs at an all-time high, and women should be excited about it!

Here’s what we do know: According to the American Express OPEN: “The State of Women-Owned Businesses 2017” Report:

  1. More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017.
  2. Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.
  3. The employment growth rate over the past 20 years was stronger for women-owned businesses than for all businesses: 27% vs. 13%.
  4. One in five firms with revenue of $1 million or more is woman-owned.

But here’s what’s left to question: what do all of these statistics mean? At a heart level, what is this mass market transition saying about women and what we REALLY want?

Studies show, and we as women know that, the number one need for every single woman in the world is a need for security. Security comes in many forms, and I believe that women want to feel a sense of security in EVERY way! So is entrepreneurship a psychological means of creating a sense of security? Is it a social trend that moves women to explore the liberty in their hearts and the courage to believe in themselves? Or is it a huge “Bye Felicia” to all of the limits, ceilings, restrictions, and caps that our corporate world has created to keep women in their “places? Hmm, let’s pause on that one!

Here’s what I think that entrepreneurship is about for me and the 11+ million female founders around the nation:

  1. Entrepreneurship is about fulfilling a desire in our hearts to manifest extraordinary vision and change the status quo. It is my personal belief that our eye for detail and our constructive idealisms drive many of us to move on ideas that make life so much easier for everyone.

  2. Entrepreneurship is about saying “YES” to ourselves and honoring our ambitions. So many of us have waited for permission for years and internally sabotaged our ideas because we didn’t have the approval or permission of someone else to go forward. Pursuing entrepreneurship is one way that many women are writing our own permission slips and freeing our ambitions.

  3. Entrepreneurship is about innovating industries with our direct line of intelligence and influence! No, there is nothing new under the sun. However, there are many innovations on pre-existing products, goods, and services that refresh our lifestyle and make further strides in our world! I believe that women have decided that we have enough intellect and peer connection to introduce market niche and create momentum for others! Just think: how many women found that developing a media empire was possible after seeing Oprah do it? How many women opened their kitchen cabinets and crafted natural body products after Lisa Price proved the market power, and how many women began selling from their apartments after Sara Blakely turned her Atlanta apartment into a Spanx headquarters – moving her at home business into a $250+ million undergarment empire!!!!

  4. Entrepreneurship is about changing the narrative around women globally. Think about it, every step that one woman makes will empower another woman; and, as we continue to break boundaries and crack the ceiling, we ignite freedom in the next woman.

  5. Entrepreneurship is an excellent means of making LEMONADE. While some women have chosen the path of entrepreneurship as a means of setting their souls on fire, many of the women in our sister circles have been displaced through recession shifts, glass ceilings, divorce, and other forces beyond their control. So what do we as women do? We take all of the different slices of lemon, add our sugar, sweet finesse, and the fluid flow of water, and we make our LEMONADE! (Yes, shout out to Beyoncé) Remember: there is no such thing as a weak woman.

If you’re reading this and you’re a woman, you should feel empowered in knowing that our female founder force is here to STAY! There are women working tirelessly to make fempreneurship a fixture in our American economy and cultivate a new perspective on women and their “place” in society. Get excited; I feel the tides of change working in our favor!

I’d love to hear from you. Are you an entrepreneur, fempreneur, or mompreneur? If so, what led you down that path? What purpose does entrepreneurship serve in your life? Share your comments with me on Twitter or in the comments section below.

Oh and don’t forget:

  1. If you love this article, check out the following episodes from my podcast, The Great Girlfriends:
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Be bold, be BRAVE!

Sybil.

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