Entrepreneurship & Small Business Development

New research indicates that women are leaving the corporate world at twice the rate of men. Many of these women are choosing to go into business for themselves. The Center for Women’s Business Research estimates that there are about 10.1 million privately-held women-owned firms in the United States, accounting for two out of every five businesses in the country. These firms generate $1.9 trillion in annual sales and employ 13 million people nationwide. In 1994, legislation was passed requiring the federal government to award a minimum of 5 percent of its contracts to women-owned businesses, a target that has never been met. There are currently no incentives, government departments or agencies tasked with enforcement and no consequences for failing to meet designated targets. Researchers in our network are working to improve guidelines and compliance to benefit women-run businesses.

September 2011 Short Survey: Networking and Social Media Usage

W‐Biz Insight panelists participated in a very short survey this September 2011. They shared about their networking and social media usage. About one‐fourth of panelists reported that they attend a networking event at least once a week, while about one‐third attend an event one to three times a month. About 15% of panelists rarely or never attend networking events.

Seventy‐eight percent of all survey respondents use social media for their businesses, and 55.3% use social media at least once a week. The type of social media used most frequently is LinkedIn at 88.0%. This is followed closely by Facebook (75.2%), Twitter (59.0%), and a blog (44.4%). Among those women business owners who use social media at least once a week, 89.2% use LinkedIn, 83.1% use Facebook, and 71.1% use Twitter.

Texas Conference for Women

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Join Barbara Bradley Baekgaard, America Ferrera, Rose Mapendo, Cindy McCain, and Lisa Niemi Swayze for the Texas Conference for Women (at the George R. Brown Convention Center). Hosted by Texas First Lady Anita Perry, it will feature keynote panels as well as a small business boot camp for women entrepreneurs. To receive a special NCRW discount, click the pdf below.

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