National Women’s Business Council Releases its Annual Report

NWBC
The National Women’s Business Council has released its Annual Report, “10 Million Strong – The Tipping Point for Women’s Entrepreneurship,“ and the number of women looking to be entrepreneurs is at an all time high. Women ‘s entrepreneurship has gone from being a trend to a huge growth factor to the economy of this country. According to the report, women-led businesses are predicted to increase by more than 50% over the next five years – women are launching roughly 1,200 new businesses per day.

 

Better resources and opportunities have created an opening for women to grow their brands and build larger networks to support their products and businesses, crowdfunding being one of the best resources. Though women are still far behind men in financing their businesses, they are receiving more funds today than ever before.

 

In 2016 the Council is looking to keep the growth momentum going and will continue to research and support women business owners. Click here to view the full report online.

Introducing Peer-To-Peer Lending: Alternative Funding for Your Small Business

SBA Advocacy- P2P issue brief

The Office of Advocacy is an independent office within the Small Business Administration that is a great source for small business statistics, as well as a voice for small business owners that can express their views and issues to policy makers in DC. Today, the Office of Advocacy released an issue brief on “Peer-To-Peer Lending: A Financing Alternative for Small Businesses”.

To explain a little more, Peer-To-Peer Lending or P2P is a funding model where individual investors give small personal loans online to individuals. The Office of Advocacy describes P2P as a hybrid of crowdfunding and marketplace lending.

The issue brief released today details the funding model and gives a side-by-side view of P2P and traditional small business financing options. It also shows how it could affect small businesses in the future, giving them more opportunity for financial growth.

Read the brief to learn more.

NWBC Survey Analysis Shows Women-Owned Business Growth Soars

women biz

The National Women’s Business Council has released its analysis of the 2012 Survey of Business Owners and while the growth rate for new businesses has slowed down, that is not the case for women-owned firms. The rate of growth of women-owned businesses is almost FOUR TIMES the rate of businesses owned by men. The results show that there were nearly 10 million women-owned small businesses in the US in 2012, a 27.5% increase since 2007. There is also a huge spike in minority women business ownership. The analysis also shows that In 2012, women-owned firms with employees paid their employees $290.5 billion- a $75.8 billion or 35.3% increase since 2007.

For more information, check out several articles written on the analysis:

Click here to view the National Women’s Business Council Fact Sheet.

A Scorecard That Matters

WG Blog

By Sydney Ringer, WIPP Government Relations Intern

Earlier this year, Dell released their 2015 Global Women Entrepreneur Leaders Scorecard, a new data-driven diagnostic tool that identifies the impediments to high-impact entrepreneurship. It also introduces steps that can be taken to improve the conditions for high-impact female entrepreneurship development. Countries were rated on five categories: business environment, gendered access, leadership and rights, pipeline for entrepreneurship, and potential entrepreneur leaders. The United States, France, the United Kingdom, Sweden, Australia, and Canada are at the top of the list.

While the United States was at the top of the rankings system, our rating was still only 71/100 across the categories. Only 13% of start-ups have women on their executive team, and just 3% of start-ups with women CEOs received venture capital funding in 2014.[1] According to Dr. Ruta Aidis, the project director, “if women entrepreneurs were starting growth-oriented businesses at the same rate as men in the United States, we could potentially have 15 million more jobs in the next two years”.[2] The Scored is another reminder of just how challenging it can be for women to succeed even today, and even in countries like the United Sates.

First, female role models in business and government are critically important. In the U.S. only 22% of the female population knows an entrepreneur despite 46% of women believing they have the skills necessary to start a business. Women entrepreneurs can leverage their success to provide real business insights on how to encourage women to start their own businesses. Once Women decide to start their own business they have modest aspirations because access to capital is still a huge barrier. Women-owned companies are 50% less capitalized than their male-owned counterparts.

While this report demonstrates all the growth the United States and other countries still need to do, it also presents some interesting ways to encourage women entrepreneurs. On the international level, the International Trade Centre launched a global initiative to increase the proportion of public procurement contracts being awarded to women owned businesses. The study also suggests corporations diversify their leadership and increase the number of women-owned business vendors in their supply chain.

The media can also play an important role as well. Right now global media only features women as subjects in print, radio and television 25% of the time. Seeing more articles featuring women as the top story on their homepage could inspire women to follow in their footsteps.

Every country in the study, even the top rated, has room for improvement. More than 70% of the countries still rated scored less than 50 out of 100. Despite challenges, women-owned businesses are growing, but they would be growing at an exponentially faster rate if they got some encouragement from their governments, corporations, media, and other entrepreneurs.


[1] CNN Money, “The Best Country For Women Entrepreneurs.” 2015. Available online at http://money.cnn.com/2015/06/30/smallbusiness/women-entrepreneurs-dell/index.html?category=smallbusiness

[2] “Global Women Entrepreneur Scorecard Executive Summary”. 2015. Available online at http://i.dell.com/sites/doccontent/corporate/secure/en/Documents/2015-GWEL-Scorecard-Executive-Summary.pdf

July 2015 WIPP National Partner of the Month: Juli Betwee

Julie B WIPP’s July 2015 National Partner of the Month: Juli Betwee

Managing Partner at Pivot Point Partners of San Francisco, CA

WIPP sat down with Juli to hear more about her company and relationship with WIPP.

I work with leaders of mid-sized companies to grow and scale their business.  The analogy I often use is:  Strategic planning is like a commitment to a gym membership.  The membership is the intention to set a goal and follow through.  Consistent follow-through is the tough part… when most people bail from their intention.  I work with companies for 2-3 years enabling them to compete in markets and with services, necessary for sustainable, profitable growth but not usually attainable if they keep doing what they have always done.

Tell us a little about your company and its mission. I am the Managing Partner at Pivot Point Partners. It is hard give you a short explanation so I have put together a little piece about Pivot Point.

Have you always been an entrepreneur?  If not, what, or who, inspired you to take this leap?  I have always been entrepreneurial. I often bring a fresh and different perspective to what I do. It is the advantage I bring to the people with whom I work.

How are you engaged in your community (or state or national scene) in philanthropic or political causes? I am on the board of The Center for Social Entrepreneurship at Santa Clara University. I have plans to teach an undergraduate business course in 2015-16. I am working with WIPP to develop their growth strategy and am on the board of The Women Presidents Organization. I contribute to GLIDE, as I believe in their model of social justice.

Have you advocated for an issue or a cause important to you? I advocate for issues that impact women in business.

What value/resources has WIPP brought you (training or education, member or political connections/access, awareness of policies that affect your business and its growth, etc.) that have been helpful to you?  Being Involved with WIPP has given me deeper insight into public policy and how it works. I am amazed at the work you accomplish and inroads you are making for women business leaders.

June 2015 WIPP National Partner of the Month

Ann Rama

Anjali “Ann” Ramakumaran

Founder and CEO of Ampcus Inc

Website Address- www.ampcus.com

Company was founded – 2004

WIPP sat down with Ann to hear a little bit more about her business and relationship with WIPP:

Tell us a little about your company and its mission.

  • Ampcus is a Business and a Technology consulting and a staff augmentation company headquartered in Chantilly VA 25 miles West of Washington DC. For a decade we have been supporting various fortune 1000 corporations and federal agencies on various mission critical projects of theirs.
  • Our mission is todevelop and deliver innovative  and effective workforce solutions that make a difference in the life of our customers and employees.

Ampcus is one of the very few women and minority owned company who has all the process certifications required in this field. Ampcus is an ISO 9001:2008; ISO 27001:2005; ISO 20000:2005; and SEI CMMi Level 3 certified Company. Ampcus has been growing at a rate of 40% and maintain high employee retention of over 94%.

Have you always been an entrepreneur?  If not, what, or who, inspired you to take this leap? I think Entrepreneurship is imbedded in me. I did work with a small women owned business and as an employee I would work as though it was my own company. I was also recognized by my employer for that.

How are you engaged in your community (or state or national scene) in philanthropic or political causes? 

Philanthropic activities:

  • Contributions to American Cancer Society
  • Contributions made for pediatric cancer research
  • Providing Scholarship to Underprivileged student through USPAACC Education foundation for college education
  • Supporting various non profit organizations like WBENC, WPEO, USPAACC , CRMSDC( Co-chairs and Presenting Sponsors) and sponsoring various events of theirs to promote other Women owned business , small business and minority owned business.

Boards/Leadership Committee:

  • Advisory Board Member- MBE Advisor MBN USA
  • Brain trust and Leadership Committee Member- USPAACC

What value/resources has WIPP brought you (training or education, member or political connections/access, awareness of policies that affect your business and its growth, etc.) that have been helpful to you? WIPP has helped us a lot as we get access to lot of training material, get access to political members, webinars have always helped us.

Ann’s Bio

Ann is the Founder and CEO of Ampcus Inc, a technology savvy entrepreneur with more than 10 years of contribution towards the design and development of software services and delivery of Information Technology services. Under her leadership she has grown Ampcus Inc into a fast growing consulting and professional services firm.

She has been awarded as the top Asian American owned businesses by USPAACC for 2009, 2010, 2011, 2012, 2013 and 2014 and 50 fastest growing women owned businesses in the CONUS by the Women Presidents Organization for the years 2010, 2011, 2012, 2013 and 2014, 2015. Ampcus Inc made the Inc500/5000 list for the years 2010, 2011, 2012, 2013 and 2014. Ampcus Inc has also been recognized as the Top diversity business for the years 2010, 2011, 2012, 2013 and 2014.

She has helped fortune 2000 companies with their enterprise-wide customized solutions. She reports to the board and drives the company to attain its vision of being one of the largest Professional services companies globally. She has been involved in executing a consultative methodology to define, qualify, and quantify the clients’ targeted and strategic IT and business objectives and from this developed solutions to proactively address current and evolving needs and projects.

In 2014 Ann was awarded Women in Technology Entrepreneur of the year by Women in Technology and in 2015 Ampcus was awarded the growth award by Astra WBENC. They were also awarded Washington Technology Fast 50.

Ann holds her Bachelor’s and Master’s degrees in business and commercial management from India. She has also completed an executive management program from Robins School of Business, University of Richmond.