At age 40, my mom quit her job to start an employment agency for people with disabilities. Over the next few years and without a college degree or any formal funding, she grew her business to employ more than 30 people and serve thousands of clients.
Though to me she's one-of-a-kind, it turns out there are other women like my mom out there. According to the National Association of Women Business Owners, women make up 30 percent of U.S. business owners and employ nearly 7.8 million workers. Even though women-owned enterprises operate with far less capital, in the venture-backed tech industry, they produce 12 percent higher returns. That means that not only is supporting women in business the right thing to do, it’s also the smart thing to do.
In an effort to find new ways to advance female entrepreneurs, this week Google for Entrepreneurs is committing $1 million dollars in aggregate to 40 startup-focused organizations, challenging them to increase the representation of women in their respective tech communities. From simply changing the times of events to accommodate busy moms to teaching young girls to see themselves as entrepreneurs, 40 of our partner communities will soon launch new programs and outreach initiatives to encourage women founders. We’re calling this collective effort #40Forward. Here are a few highlights from our global community:
Along with our 40 partners, we hope to create more inclusive networks and to move the needle for entrepreneurs like my mom—and young women like me who aspire to be like her. Follow and participate in the conversation throughout the month of March using #40Forward on Google+ and Twitter.
Posted by Bridgette Sexton Beam, Global Entrepreneurship Manager
By: Emily Wood
Posted: March 5, 2014, 6:00 pm
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