Lessons From The 50 Fastest-Growing Women-Owned/Led Companies

Share to linkedin

Most women started their business with their own funds, 22% with funds from friends and family, 6% with a bank loan, 6% with a line of credit, 4% with a credit card and 8% with private investors/angels. There are differences between fastest-growing male- and female-run businesses. An analysis of the 2014 Inc. 5000 List foundcommissioned by the National Women’s Business Council. Men were also more likely than women to tap networks of close friends and business acquaintances .

The average age of women-owner/leader is 50. Venture capitalists may use youth as an investment criterion, but women on the Fastest Growing List prove that age has its advantage. Older entrepreneurs have greater access to human capital and social capital and financial capital. Being a women-owned certified business has opened doors at large manufacturers and industrials for Mary Hensley and Julie Hashagen of Enspire Energy, #2 on the list. Enspire is only one of a handful of diverse suppliers in the field. Cindy Lee of LYNC Logistics concurs, being a certified women-owned business has been a great business development tool.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How a freshly grown cannabis company managed to lose $500 million in less than a monthAs Tilt Holdings Inc. completed a four-way reverse merger and began trading on the Canadian Securities Exchange late last year, the U.S.-based cannabis... Dwayne “The Rock” Johnson to give away its biggest cash prize ever: $300,000.+1 518-841-1979 WhatsApp now to answer few questions and claim your prize good luck.
Source: MarketWatch - 🏆 3. / 97 Read more »

Here's how companies can clear the way for more women to climb the corporate ladderHere's how companies can clear the way for more women to climb the corporate ladder | By Joseph Holt for CNNBusiness Perspectives Business They can just work hard as well....that usually works. Business Get a good degree, work hard, and you have the same chance as everyone. A company should have the most qualified running it, regardless of gender or sex. It's that simple Business
Source: CNN - 🏆 4. / 95 Read more »

After reporting noose at auto plant, woman says company won't let her return to workA 34-year-old African American mother of four is fighting for her job after reporting a noose at a Michigan auto plant that makes Ram pickup trucks. KatiePavlich DodgeRam4ever She is African or American. Pick one.
Source: USATODAY - 🏆 100. / 63 Read more »