It’s a Big Deal to Be a Women-Owned Small Business

By Barbara Weltman

While businesses are barred from discriminating against job applicants and employees on the basis of sex, the federal government does give a little edge to businesses owned by women. Under the law, the federal government has a goal of awarding 5 percent of its contracts to women-owned businesses that have received certification. In fact, in the government’s fiscal year ending September 30, 2015, the SBA reported that the government actually awarded 5.05 percent of prime and subcontracts to women-owned businesses totaling $17.8 billion. Continue reading It’s a Big Deal to Be a Women-Owned Small Business

LinkedIn

It’s A Record-Breaking Year For Self-Made Women Billionaires. Here’s Why.

Self-made women are trailblazing through the ranks of the World’s Billionaires. Forbes’ 2017 list, released Monday, includes more self-made women billionaires than any year before in the list’s 30-year history. There’s now a record 56 women who made their own 10-digit fortunes, and 15 of these entrepreneurs did so in the past year. But that’s not the only way self-made women billionaires are breaking records this year.

But where do all these self-made women billionaires come from? While the U.S. has the most billionaires overall, the most women entrepreneurs with a 10-digit fortune come from Asia, where there’s 29 in all. The U.S. comes in second with 17 self-made women billionaires. About 67% of all self-made women billionaires in the world come from Asia or America.

Asia is continuing to prove it’s the most hospitable region for female entrepreneurs. Of the 15 newcomers this year, 13 come from China, Hong Kong, Vietnam or Japan. For the second year in a row, the richest self-made women in the world is Hong Kong based Zhou Qunfei. Her publicly traded Lens Technology, headquartered in China, makes glass covers for mobile phones and tablets for customers like Apple and Samsung. Since 2010, there’s only been one year where the world’s richest self-made woman isn’t from Asia.

Here’s one other new record: Self-made women make up more of the billionaires list than the group ever has before: 2.7%, compared with 2.3% last year. While self-made women still make up just a small slice of all the billionaires in the world, consider that self-made women are a fast-growing group. Just five years ago self-made women accounted for 1.8% of the list, which is about 50% less.

Forbes 30th ranking of the World’s Billionaires includes more than 2,000 names who are worth a combined $7.67 trillion. There’s never been more and the group has never had so much wealth before. But self-made women billionaires are joining the three-comma club quicker. The group has increased 170% since 2009, compared with the number of billionaires overall increasing 157% since then.

It’s not just the numbers of self-made women that have surged. The amount of wealth self-made women have created is also a record 1.68% of the total billionaires list, up from 1.49% last year.

Another record: Self-made women billionaires have a combined net worth of $129 billion, up from $96.9 billion last year. And 2017 marks the first year since Forbes has been tracking the fortunes of the super rich that self-made women billionaires own more than $100 billion in assets.

Continue onto Forbes to read more about billionaire women impacting the world.

LinkedIn

Panasonic’s Women Connect Group Enriches Experience of Women

According to a Pew Research Center survey, 75 percent of women believe greater change is needed to achieve gender equality in the workplace, compared to 57 percent of their male counterparts. To address the increasing concern about gender equality, major corporations are taking a closer look at their hiring practices and employee resources to promote diversity and inclusion. In an effort to raise awareness at Panasonic Corporation of North America, the company supported the launch of Women Connect, a business impact group to enrich the experience of women within the company. The mission of the group includes fostering inclusion and diversity, career building and demonstrating benefits to recruiting, retention and business development. Membership has grown to over 300 since its inception last year; there are even a few male members. This month, the group will celebrate its 1 year-anniversary. Continue reading Panasonic’s Women Connect Group Enriches Experience of Women

LinkedIn