All posts tagged women-owned businesses

Want to be your Own Boss? a Women Business Owner?

This time last year, the Australian Women Chamber of Commerce and Industry (AWCCI) conducted the first national survey of female business owners, featuring results from some 3000 women. I thought it opportune to revisit their findings as I suspect not too much has changed in 12 months… Women own almost 40% of small businesses in Australia there are more than 700,000 female-owned businesses Women’s superannuation funds and income are lower 24% of female business owners work 41-50 hours per week, 20% work up to 70 hours 76% work Saturdays, 64% work Sundays 17% have a turnover of $100,000-$250,000 per year 71% are running their first business…

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met another fabulous little retailer today…

Here’s the background… A driven and caring entrepreneurial mother, who wanted to buy something specific in Australia for her child, couldn’t find what she was looking for. So she took it upon herself to rectify that problem. To her credit, she morphed into a woman business owner (during her long-service leave break) and has turned this need into the most delightful shop, not only addressing what she needed to at the time but also making many, many more children happy, very happy since. All hail to her… I know, there’ll be a number of you thinking “I’ve done the same thing,…

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Women The ‘Super Losers’…

entrepreneurial mothers, please pay attention… New research has found that women have an average super balance of $92,000 at retirement – 40% less than the average male retiree, with $154,000. …one fifth of Australian female small Business owners do not have a super fund. In addition: At 65 the average woman’s super balance is $112,000 A 5 year career break means $45,200 less in savings than taking no career break A woman who retires at 65 needs to save $55,300 more than a man due to her increased longevity Want to read more about this issue, click here. We have…

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“The World Needs Female Entrepreneurs Now More Than Ever”…

Indeedy, it does! The key point I’d like to point out in this fine article is this: Becoming an Entrepreneur does not require any shifts in corporate culture. In fact, becoming a Business Owner does not require changing any societal norms at all. It does require however a distinct shift in your own internal thinking in combination with your family’s particular circumstances. So… why not be opportunistic and bold in 2012, and become a “3%” member? (refer last post) You can always tap into the entrepreneurial mothers group if you need support…  

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3% of women-owned businesses make $1million or more a year; so why are you in your Mother of a Business?

As featured on the Ruby Connection… A little while ago, I came across this… according to recent statistics in the Wall Street Journal from the Center for Women’s Business Research in the U.S., there is only 3% of women-owned businesses with a revenue of $1million or more in The Million-Dollar Club… (and I bet that percentage is a whole lot smaller again if being the only breadwinner for the family is also taken into account). Only 3%, is that all I hear you say? Given that 7-figures is the turnover my Mother of a Business was doing at time of…

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#sellbusiness; What’s the Business You’re Selling, Exactly?

Starting a business is a BIG deal. Building it to become more than your hobby is even bigger again. In fact, building your business into an asset may result in it being possibly the largest asset you’ll ever own, or second maybe to your home. So what about when you want to Sell your Business, what then?  As discussed on Westpac’s Ruby Connection… If trying to sell it is what you eventually want to do, then get strategic about WHAT it is you’ve got, how it is someone else could do it and therefore who that special someone might be…

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Female Owned Businesses Responsible for Job Creation in the U.S…

Similar story in Australia too I suspect, and here’s why… Tandelyn A. Weaver, owner of PersonalFreedomForWomen.com shares some interesting insights. Divorced or single mothers who undergo traumatic experiences in life have been an impetus for 30% of female business owners to embark on their entrepreneurial ventures. A report published by The Guardian Life Small Business Research Institute projects that female-owned small business, now just 16% of total U.S. employment, will be responsible for creating one-third of the 15.3 million new jobs anticipated by the Bureau of Labor Statistics by 2018 (Forbes.com January, 2010). Social factors have resulted in the growth…

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