October marks the National Women’s Small Business Month. Why is this something that should be celebrated?
Small businesses run by women are not just a growing trend, but in fact, are contributing to the job growth and economic success. The 2012 U.S. Census Bureau’s Survey of Small Business Owners showed there are more women-owned businesses than ever before, 9.9 million women-owned businesses to be exact. That is 28% jump from 7.8 million in 2007! Women-owned businesses also make up 36% of all business in the USA and employ over 8.9 million people. If this is not something to celebrate, then I don’t know what is.
As you can see, right now is a great time to be a female entrepreneur. To help inspire those scared of taking the plunge into entrepreneurship or if you are just needed a little motivation, here are five female entrepreneurs who are paving the way for future business leaders.
Founder of Spanx
Sara Blakely is the youngest self-made female billionaire. When she founded her company, Spanx, she did not have a lot of her own money to invest into it. She was rejected many times by investors, but she put in the time and hard work, and eventually, her business took off with the help of Oprah boosting awareness of her brand.
Inspiring quote – “Don’t be intimidated by what you don’t know. That can be your greatest strength and ensure that you do things differently from everyone else.”
Founder of The Huffington Post
Although Arianna did sell The Huffington Post to AOL, she remains very active in its daily operations. She is also an author, motivational speaker and the Founder and CEO of Thrive Global.
Inspiring quote – “Don’t just climb the ladder of success – a ladder that leads, after all, to higher and higher levels of stress and burnout – but chart a new path to success, remaking it in a way that includes not just the conventional metrics of money and power, but a third metric that includes well-being, wisdom, wonder, and giving, so that the goal is not just to succeed but to thrive.”
Oprah Winfrey is an actress, tv host, producer and overall philanthropist. If you can think of it, she has probably done it. She is best known for her most successful venture “The Oprah Winfrey Show.” It lasted for 25 seasons. She is one of the most well-known, well-liked and successful entrepreneurs.
Inspiring quote – “Passion is energy. Feel the power that comes from focusing on what excites you.”
Author of Harry Potter
Before Harry Potter and J.K. Rowling became the global phenomenon they are both known as today, Rowling struggled financially and emotionally. She initially submitted her novel to 12 publishing houses before being picked up by Bloomsbury. She is the vision of what hard work, dedication, and patience can do for your career.
Inspiring quote – “It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all – in which case, you fail by default.”
Beyonce did not become the success she is today overnight, it took hard work and determination. She went from being part of a girl band to being her own brand. She has inspired women to take a chance and go for their dreams. She makes it possible for little girls to stand up and do what they want because they are girls and they can run the world.
Inspiring quote – “Your self-worth is determined by you. You don’t have to depend on someone telling you who you are.”
If you are thinking of incorporating your business, Rocket Lawyer can help you throughout the process. If you have questions, you can ask a lawyer or check out our legal help center to help determine what option will work best for you.