Blog

ByNWBC Council

Challenging definitions and telling her stories

On October 11, 2017, the National Women’s Business Council released a new report, “Necessity as a Driver of Women’s Entrepreneurship: Her Stories.” This report is an extension of the report released by the NWBC in July 2017, “Necessity as a Driver of Women’s Entrepreneurship,” which challenged the notion that entrepreneurship is born from one of two realities: severe economic need or an innovative idea to disrupt the market. The NWBC research recognized these motivations and the entrepreneurship that results from them (typically referred to as “necessity” or “opportunity” entrepreneurship) but suggests that this traditional binary does not fully capture the range of reasons individuals—especially women—become business owners. NWBC’s work expands the traditional definition of necessity entrepreneurship to include a range of factors that might influence a woman’s decision to start a business and introduces a theoretical model to illustrate this expanded definition.

 

Read More

ByNWBC Council

NWBC August 2017 Public Meeting and Launch of the NWBC Solutions Labs (Recap)

The National Women’s Business Council’s August 2017Public Meeting – the last Public Meeting for Fiscal Year 2017 — served as an opportunity to share with stakeholders the breadth and depth of the most aggressive research portfolio that the Council has undertaken to-date; to provide updates on NWBC research projects that were still in-progress, including:  Hispanic women business enterprises, veteran women business ownership, necessity entrepreneurship, crowdfunding, and survey development;  to announce the Council’s FY2018 research on the horizon; and to share our fourth quarter public engagement efforts.

 

Read More

ByNWBC Council

National Women’s Business Council Report Finds Hispanic Women Entrepreneurs Are Untapped Engine of Economic Growth

Hispanic women entrepreneurs generate $97 billion in revenue, but have the potential to grow significantly with access to more resources

Washington, DC – In correlation with National Hispanic Heritage Month, the National Women’s Business Council (NWBC) released a new report detailing the barriers to success faced by many Hispanic women entrepreneurs, and offering a roadmap of solutions to help unlock their full economic potential. Hispanic Women Entrepreneurship: Understanding Diversity Among Hispanic Women Entrepreneurswas prepared for NWBC by Susana Martinez-Restrepo, PhD, CoreWoman and Geri Stengel, Ventureneer.

Read More

ByNWBC Council

What do Dell’s WE Cities & NWBC Entrepreneurial Ecosystem Model tell us: “It’s all about the Network”

The number of women entrepreneurs in the United States continues to grow at an accelerated rate.  According to the 2012 U.S. Census Survey of Business Owners and Self-Employed Persons, there are 9.9 million women entrepreneurs who bring in about $1.6 trillion in revenue. In order to continue this remarkable progress, the U.S. needs to create and sustain the environments that will allow women business owners to thrive.

 

Read More

ByNWBC Council

The Impact of Gender Bias on Funding for Women Entrepreneurs

Say you want to open a new business. You have a great idea, an amazing pitch, and a flawless business plan. You decide to go see a group of venture capitalists to try and get funding. The same day, a man pitches his idea for a similar business. He’s around your age and is also quite qualified and well-prepared. They ask him about his five-year plan. They ask you about potential obstacles. He gets to talk about his brand vision; you are forced to defend your business model. When they discuss your meetings, they mention your good looks, but emphasize that he is a competent innovator. Unfortunately for you, he gets funding and you don’t. 

Read More

ByNWBC Council

Call for Applications: NWBC Fall Fellow (Fall 2017) – DEADLINE EXTENDED

National Women’s Business Council Fall Fellow (Fall 2017)

Background

The National Women’s Business Council (NWBC) is searching for a college/university undergraduate or graduate student to join the team for a fall fellowship with a ten week minimum term beginning mid-September 2017 (flexible start date).

Read More

ByNWBC Council

Defining necessity–A closer look at NWBC’s new research report, Necessity as a Driver of Women’s Entrepreneurship

Today, July 12, 2017, the National Women’s Business Council released its latest research report, Necessity as a Driver of Women’s Entrepreneurship.  This report offers a nuanced view of what constitutes “necessity entrepreneurship” and reveals why it is crucial to explore business motivation in context of gender and social norms.  While the project was launched in order to understand more about the 80 percent of women business owners bringing in less than $50,000 in receipts a year, the research ultimately challenges the notion that necessity entrepreneurship can be described through finances, alone.  The final report reviews the existing literature; analyzes two public sources of data; introduces a new working model for understanding necessity entrepreneurship; and offers recommendations for policy and future research.

 

Read More

ByNWBC Council

From Neighborhoods to National: A Closer Look at Ecosystems for Women Entrepreneurs May 10, 2017

On May 10, the National Women’s Business Council united in the nation’s capital, Washington, DC, for the third public meeting of this fiscal year. Here are the highlights:

Read More

ByNWBC Council

In crowdfunding women have the upper hand – results from Kickstarter

Crowdfunding—a method of acquiring capital from noncommercial sources, such as family, friends, and individual investors, by pooling funds through a virtual platform—has been praised as an innovative fundraising mechanism, allowing women entrepreneurs to access capital that may have otherwise been unreachable. Perhaps due to its creative nature, as well as the increasing accessibility of technology, the crowdfunding market is expanding at a rapid pace. Over a four year period, from 2011 to 2015, total funds raised through crowdfunding platforms globally increased from 1.5 billion to 34 billion. Of this, 17.3 billion of the total crowdfunding monies were in the North American market.

 

Read More

ByNWBC Council

Incubators and Accelerators: Providing Support for Women Entrepreneurs

In recent years, the growth of women entrepreneurs has been unprecedented. Women now own 36 percent of all privately-held firms in the U.S., and the rate of ownership has increased nearly 27 percent since 2007. As the number of women-owned businesses surpasses 10 million, the U.S. is witnessing a wave of innovation in support of these entrepreneurs. These firms are vital contributors to the U.S. economy; however, for women entrepreneurs to continue to excel, there remains a need for strong programs that enable women to develop and scale their businesses.  At the same time, as women-owned businesses have been growing in number, incubators and accelerators (I/A) – organizations designed specifically to support early-stage businesses develop and scale – have been vital players in discovery and support of high potential women-owned startups.

 

Read More