Women in Business: Why More Female Entrepreneurs Will Soon Live in Luxury
Not a week goes by it seems that leading fortune magazines haven’t announced another successful start-up company changing the world and propelling an everyday Joe to the spotlight and life of luxury. The fact that it’s usually a Joe and not a Josephine is a part of a larger issue, but it appears as though the tide is starting to change!
Here’s why: According to an Expert Market study, there are more women-owned businesses in America now than ever before. In fact, there are an estimated 9.1 million women-owned businesses in America as of 2014, and female entrepreneurs made $1.4 trillion in revenue this year.
While women still struggle to earn wages on par with men in the same positions, this does mean the world can expect to see more self-made women living the life elite in business, not just in entertainment. It’s only a matter of time! The more female entrepreneurs there are, the odds are there will be more success stories. That isn’t to say the social and political components are no longer a hurdle. We’re just talking Vegas here: the odds.
Perhaps more interesting are the leaps in states known for more conservative or traditional ideals. Over the past 17 years, women-owned businesses have increased by 117.9% in Georgia and 98% in Texas.
What does this mean for you?
If you’re a burgeoning entrepreneur and female, you’re a part of a growing and changing professional landscape and economic trend. Whether you’re creating an app or opening a restaurant, the time is now. Who knows? Maybe one day you’ll be featured on The Life Elite.
Top Three American Cities With the Most Women-Owned Businesses
- New York – 665,700
- Los Angeles – 427,800
- Chicago – 308,700