Women’s Entrepreneurship Day will take place on November 19, 2020. SWE’s Entrepreneurs’ Affinity Group is hosting a week-long program that is open to all Society of Women Engineers members. The programs will be hosted live in the Facebook group.
Did you know?
- 62% of female business owners are between 40 and 59 years old.
- 36% of small business owners are women, and are more likely to start a new franchise rather than buy a pre-established business. Nearly 60% of the largest female-owned businesses started with a fresh or original business idea.
- Ghana leads in women’s entrepreneurship. Women own 46% of private businesses in Ghana.
- 3 million women own businesses in the US. Since the year 2000, the number of companies owned by women has increased by 100%—twice as high as the global average when it comes to male entrepreneurs.
- 70% of new companies in the US were created by women of color, and in the last 20 years, this number has increased by nearly 500%. That means that 259 Black women and 227 Latina women open new businesses every day.
- Nearly 90% of all women-owned businesses generate less than $100,000 annually. Of all women-owned companies, only 2% generate more than $1 million.
- Businesses founded by women earn twice as much money than those founded by men. A Boston Consulting Group study of 350 startups revealed that women-owned businesses are safer for investors. This is likely because most female entrepreneurs own companies that are their only source of income—meaning they are fully committed to their business’ success.
- Businesswomen usually face greater difficulties obtaining funding for their business ventures and are subjected to more scrutiny than their male counterparts. However, women are 9% less likely to seek funding in the first place.
This is why entrepreneurship is so important to the Society of Women Engineers and why the Society has an Entrepreneurs Affinity Group. The Entrepreneurs Affinity Group is a community where you can find support and answers if:
- You have ever thought about starting your own business
- You have an idea
- You have a side gig or hobby that earns you income
- You’re a solopreneur
- You’re an established entrepreneur or founder with a team
- You’re an internal entrepreneur who practices entrepreneurship within corporate
We hold social and professional development programs regularly. This year, we hosted joint happy hours with other affinity groups, a book club, a discussion group on podcasts – and now a full week of programming in honor of Women’s Entrepreneurs Day.
Each day, Entrepreneurs Affinity Group Co-Leads (Katherine Culbert and Jennifer Braganza) will host a fireside chat live on Facebook at 5 PM Eastern.
- Monday, November 16: Join us for a chat between the Entrepreneurs Affinity Group Co-Leads, Katherine Culbert and Jennifer Braganza, as they discuss the affinity group and the week ahead.
- Tuesday, November 17: Join us as we chat with veteran entrepreneur Nancy Regan from RCMTrainingOnline about her almost 20-years as an entrepreneur.
- Wednesday, November 18: Join us as we chat with Pam Duffy from Spark One Solutions as she shares her social media brilliance with us and her strategies for helping clients with lead generation.
- Thursday, November 19: Co-Lead Jennifer Braganza will share her experience as an internal innovation facilitator and strategic process design expert.
- Friday, November 20: THE GRAND FINALE – A panel of entrepreneurs in different stages from internal entrepreneur, side gig, solopreneur, and founder moderated by Entrepreneurs’ Affinity Group Co-Lead, Katherine Culbert.
- Melissa Branch, Big City Engineers
- Heather Eason, Select Power Systems
- Claudia Galvan
- Cassi Janakos, Healthy Horizons
- Kimberly Miller, Cereal Partners Worldwide
- Jillian Rothe, MAMMaway
- Join Us for the WE20 State of Women in Engineering Panel
- How Choosing Engineering Led This SWE Member to Launch a Podcast on Entrepreneurship
- How SWE Helped Me Become an Entrepreneur
- Podcast: Intro to NOAA’s Funding Program for Small Businesses
- WE18 Keynote Speaker Marillyn Hewson Tops Fortune’s List of Most Powerful Women in Business