Women’s entrepreneurship has surged remarkably since 2019. Between 2019 and 2020, an influx of women entrepreneurs entered the workforce, sparking growth in various industries like wholesale, retail, and medicine. This shift balanced the previously male-dominated landscape, with women-owned businesses rising from 28% to nearly 50% by 2020, according to a Gusto study.
Women continue to make a significant impact across diverse sectors. A Wells Fargo report highlights their growing presence in healthcare, professional services, and more, contributing significantly to the economy.
Internationally, women are also thriving. Arieli Capital in Israel reports a surge of women entrepreneurs, indicating a global trend. The pandemic and the Great Resignation prompted many women to rethink traditional roles and pursue entrepreneurship, creating flexible workspaces.
Support systems, financing, and dedicated resources for women entrepreneurs have increased, offering tools and networks essential for success. Events and summits provide valuable training and networking opportunities, further fostering this growth. This is an ideal time for women considering entrepreneurship, as the environment is ripe for innovation and leadership.
Reasons for the Surge
The pandemic disrupted traditional work structures, allowing women to embrace flexible work environments. The 9-5 model became obsolete, encouraging women to establish businesses that fit their unique needs. Additionally, peer inspiration and new support systems have fueled this entrepreneurial wave.
Organizations and venture capital have increasingly backed women entrepreneurs, providing resources and capital. This supportive infrastructure, combined with greater visibility in media, has created a fertile ground for continued growth in women’s entrepreneurship.
