The number of women in entrepreneurial fields is growing rapidly. For generations, women have felt like they had to choose between work and family. Workplace harassment and female socialization have taught them not to put themselves forward so much. However, in recent years, there’s been more understanding of this phenomenon.
Many bright people and especially bright women fall victim to impostor syndrome. This is a big problem in workplaces. Impostor syndrome is where a perfectly competent person feels underqualified or out of place in a job. The good news is that once a problem like this is named and understood, it can be defeated. Women are learning that they don’t have to put personal dreams of success on hold because of family.
Since 2007, the numbers show that women entrepreneurs have dramatically increased in number. As a category, they’re up by over 25% from 2007 to 2018. These female entrepreneurs are also very optimistic about their futures as businesspeople. Over 50% expect to see growth in the next five years. This is roughly the same as the owner projections for male-owned businesses. These statistics seem to show that impostor syndrome is receding into the past.
Entrepreneurial women are people who write their own stories. They’re no longer dropping out of the workforce after experiencing negative treatment in male-dominated fields. Instead, they’re regrouping and going into business for themselves. Instead of staying put, they are putting their vision and drive out there and into the business world. Necessity may be the mother of invention in these cases. With no outlet for their skills, these women are making an outlet.
The data shows that women also become entrepreneurs of all ages. Many start businesses early in life, but many others become entrepreneurs after the age of fifty. Women are re-writing the tropes about business success, where young people disrupt markets. Women in middle age and their senior years are really getting it done.
Women entrepreneurs are a real force for good in the economy. Today, there are over 9 million female-owned businesses in the United States. They employ over 7 million people and generate over $1.4 trillion in sales annually. These entrepreneurs have motivated women who’ve been frustrated in traditional workplaces. They’ve found their own ways of making their dreams come true.