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11 facts about women-run businesses that prove the future really is female.

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The New York Timesmade headlines a few years ago with a shocking statistic: Among CEOs of big U.S. companies, there were more men named John than there were women ... period.

In 2017, female executives are still rare — too rare. Though we like to think we've come a long way since "Mad Men"-era sexism in the workplace, studies like these remind us that in many ways, the glass ceiling is still firmly in place for female business owners and executives. And it's not just the Fortune 500 that has an equality problem; companies of every size still suffer a serious lack of female leadership. Among corporations and small businesses alike, women make up just a small percentage of executives and owners. But increasingly, women who've experienced professional roadblocks in the corporate world are leaving to do things their way, by starting businesses of their own.

Danielle Vogel is one woman who’s helping to break the glass ceiling of small business.

She knows just how many obstacles women encounter in businesses of every size because she's encountered them all herself. Vogel left behind a 10-year career on Capitol Hill and put everything she had into her entrepreneurial pursuits — and it paid off. Today she's the sole owner of Glen's Garden Market, a locally-sourced independent grocery store.


We headed down to the market to talk to her firsthand about life as a female entrepreneur:

People are constantly surprised that this grocery is run by a woman. Female business leaders being treated as equals is long overdue.

Posted by Upworthy on Wednesday, March 8, 2017

Even after achieving success, Vogel still encounters people who can't comprehend that she's the full-time CEO of an independent grocery store that employs 95 people.

Why? "Because it's an extremely atypical thing for a woman to do," she says.

The good news is that women like Vogel are helping pave the way for many more women to own and run businesses. Here are 11 encouraging signs that the future — of business, anyway — really is female.

1. Business isn't a boys' club anymore — and young female entrepreneurs are succeeding because of it.

One reason men have historically had more small-business success is that they could tap into an existing network of other male entrepreneurs. Thankfully, the balance is beginning to shift: There are now more than 9.9 million firms in the United States owned by women.

Photo via iStock.

2. Today's female entrepreneurs have access to a growing population of mentors.

When it comes to mentoring women, men may exhibit "Reluctant Male Syndrome" — an amalgam of implicit biases that prevent them from forming professional relationships with the opposite sex. Now that we're seeing an increase in female leadership, we're also seeing an increase in young women who benefit from it.

Vogel is already contributing to the effort. “We’ve launched 65 local food businesses,” she says in the video. “35 are owned by women.”

3. Women-owned businesses are growing five times faster than the national average.

According to Womenable’s 2016 “State of Women-Owned Businesses in the U.S.” report, the number of women-owned firms has increased by 45% since 2007, while the overall national increase remained at just 9%.

4. And, internationally, women make up approximately one-third of all entrepreneurs worldwide.

Photo via iStock.

5. African-American women have become the fastest-growing group of entrepreneurs in the United States.

Their numbers grew 322% between 1997 and 2015. #BlackGirlMagic pulls a serious profit!

6. An estimated 340,000 jobs were created by businesses owned by women between 2007 and 2015.

During that same time period, the number of jobs at companies not owned by women actually shrank.

7. Nearly 7.9 million people are employed by U.S. businesses that are owned by women.

Just one of many benefits that we all enjoy when more women are given the space to succeed in business.

8. Women entrepreneurs in the U.S. rank their own happiness at nearly three times that of women who are not entrepreneurs or business owners.

Any path a woman chooses can be rewarding — be it family life, a traditional career, or something else altogether. But with business ownership looking increasingly appealing, we can expect that more women will choose an entrepreneurial path.

via iStock.

9. In 2015, 18% of all startups had at least one female founder.

That's an astronomical number compared to the Fortune 500, where only 4% of CEOs are women.

10. Women are better at writing crowdsourcing campaigns — and they raise more money because of it.

In traditional face-to-face fundraising scenarios, women have a much more difficult time getting investors than men do — and that's been a major obstacle to entrepreneurship for women. The arrival of platforms like Kickstarter and Indiegogo has cleared the way for some businesses that otherwise might not have gotten off the ground.

11. Women start companies with an average of 50% less capital than men do. So some cities and states are sponsoring resources to provide women with more access to investment capital.

Nashville, Chattanooga, and Memphis, Tennessee, appear at the top of WalletHub's list of friendliest cities for female entrepreneurs, thanks in part to the large number of resources they make available to them. But they're not alone — lots of cities in the U.S. offer entrepreneurship grants and programs for women, and some even have dedicated business centers for women to work and network.

via iStock.

All around the world, more and more smart businesspeople are investing in female entrepreneurs.

There are now grants, programs, and accelerators dedicated to helping women access resources that historically were only available to men.

Many of those programs are supported by female CEOs, like Vogel, who feel strongly that it's important to help other women reach the success that they've had themselves. And that's great news for everyone else: With all of the jobs, revenue, and innovation that women bring to the corporate sphere, everyone benefits from a world with more women at the helm.

All images provided by Prudential Emerging Visionaries

Collins after being selected by Prudential Emerging Visionaries

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A changemaker is anyone who takes creative action to solve an ongoing problem—be it in one’s own community or throughout the world.

And when it comes to creating positive change, enthusiasm and a fresh perspective can hold just as much power as years of experience. That’s why, every year, Prudential Emerging Visionaries celebrates young people for their innovative solutions to financial and societal challenges in their communities.

This national program awards 25 young leaders (ages 14-18) up to $15,000 to devote to their passion projects. Additionally, winners receive a trip to Prudential’s headquarters in Newark, New Jersey, where they receive coaching, skills development, and networking opportunities with mentors to help take their innovative solutions to the next level.

For 18-year-old Sydnie Collins, one of the 2023 winners, this meant being able to take her podcast, “Perfect Timing,” to the next level.

Since 2020, the Maryland-based teen has provided a safe platform that promotes youth positivity by giving young people the space to celebrate their achievements and combat mental health stigmas. The idea came during the height of Covid-19, when Collins recalled social media “becoming a dark space flooded with news,” which greatly affected her own anxiety and depression.

Knowing that she couldn’t be the only one feeling this way, “Perfect Timing” seemed like a valuable way to give back to her community. Over the course of 109 episodes, Collins has interviewed a wide range of guests—from other young influencers to celebrities, from innovators to nonprofit leaders—all to remind Gen Z that “their dreams are tangible.”

That mission statement has since evolved beyond creating inspiring content and has expanded to hosting events and speaking publicly at summits and workshops. One of Collins’ favorite moments so far has been raising $7,000 to take 200 underserved girls to see “The Little Mermaid” on its opening weekend, to “let them know they are enough” and that there’s an “older sister” in their corner.

Of course, as with most new projects, funding for “Perfect Timing” has come entirely out of Collins’ pocket. Thankfully, the funding she earned from being selected as a Prudential Emerging Visionary is going toward upgraded recording equipment, the support of expert producers, and skill-building classes to help her become a better host and public speaker. She’ll even be able to lease an office space that allows for a live audience.

Plus, after meeting with the 24 other Prudential Emerging Visionaries and her Prudential employee coach, who is helping her develop specific action steps to connect with her target audience, Collins has more confidence in a “grander path” for her work.

“I learned that my network could extend to multiple spaces beyond my realm of podcasting and journalism when industry leaders are willing to share their expertise, time, and financial support,” she told Upworthy. “It only takes one person to change, and two people to expand that change.”

Prudential Emerging Visionaries is currently seeking applicants for 2024. Winners may receive up to $15,000 in awards and an all-expenses-paid trip to Prudential’s headquarters with a parent or guardian, as well as ongoing coaching and skills development to grow their projects.

If you or someone you know between the ages of 14 -18 not only displays a bold vision for the future but is taking action to bring that vision to life, click here to learn more. Applications are due by Nov. 2, 2023.
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