David Lerner Associates: Women Entrepreneurship Gains Support
Women in business is a trend which is gaining ground in today’s marketplace - over the past twenty years women have out-scored men in startups by 150%. This trend is positive, not only for our economy, but also for narrowing the gender gap where it comes to equity in jobs and earning potential.
With any startup, whether founded by either gender, there will always be the need for capital and credit. The recognition of this fact has prompted many programs to incentivize women entrepreneurs.
The Women’s Business Development Council recently announced that it had won approval from the United States Treasury for a fund intended to support female owned business and women entrepreneurs.
This is a good step in the right direction, considering the past of male-dominated business, and the gender bias we’ve experienced, and still do experience. “Woman” and “Entrepreneur” have not been synonymous in the vocabulary of the business world until recently.
The Kaufmann Foundation did a study where women didn’t even recognize themselves as entrepreneurs but rather “small business owners” which, as they concluded, is not just a vocabulary or semantics issue, but reflective of a much deeper cultural bias.
But with new opportunities being created and financial support being offered to women following entrepreneurial paths, the doors are cracking open to a more balanced scene.
Gone are the days where the expectation is that a woman-owned business will only target female consumers. Just take a look at Forbes Magazine’s Top 10 Women Entrepreneurs list. Names like Oprah Winfrey, Melinda Gates, and Arianna Huffington have firmly laid that stereotype to rest.
For the rest of the female business population though, until you’re the owner of a giant empire, here are some things that will help you along the way and hopefully gain access to some needed financial support.
- Financial literacy: Learn to speak the language. Understand how bankers and investors think and operate.
- Investment knowledge: Explore the options being offered by programs and investment funds which benefit women entrepreneurs.
- The sensible middle ground: Find a good investment advisor with a middle ground approach.
- Tap the support of women: Find banks and investment firms with women in high level, decision-making positions. It’s logical to assume that they will be more likely to invest in women-owned businesses.
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances.
Member FINRA & SIPC.
Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website: www.davidlerner.com
Connect With Us