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Wednesday, 25 December 2013 09:33

GEM 2012 Women's Report

Summary: In 2012, an estimated 126 million women were starting or running new businesses in 67 economies around the world. In addition, an estimated 98 million were running established businesses. These women are not only creating jobs for themselves and their co-founders, but they also employ others. A projected 48 million female entrepreneurs and 64 million female business owners currently employ one or more people in their businesses. In addition, these women plan to grow their businesses. A predicted seven million female entrepreneurs and five million female established business owners plan to grow their businesses by at least six employees over the next five years. The GEM Global Women’s Report offers an in-depth view of women who start and run businesses around the world. It provides both a broadly global and a comprehensively detailed foundation for guiding future research, policy decision making and the design of initiatives and programs that can enhance awareness about women entrepreneurship. As such, this report brings a greater understanding of women’s entrepreneurship to a diverse audience of researchers, policy makers, educators and practitioners. The ultimate aim is to foster an environment that encourage women to see entrepreneurship as a viable career option and to equip them with the tools to create the type and quality of businesses they wish to build, as well as create broader awareness among stakeholders that will support their efforts.

Year of publication: 2013

Source: http://www.gemconsortium.org/docs/2825/gem-2012-womens-report

Rosalia Mera, the Spanish billionaire who co-founded the Zara fashion label and helped turn the holding company into one of the world’s largest clothing retailers, has died. She was 69. Her death was reported today on the website of Inditex SA. Mera suffered a brain hemorrhage on Aug. 14 while vacationing with her daughter, Sandra, on the island of Menorca, El Pais newspaper reported. Mera co-founded Inditex with her then-husband, Amancio Ortega, who began his career in clothing manufacturing in 1963 before the couple opened their first Zara store in the 1970s. Initially making women’s bathrobes, the company expanded to sell eight different brands, including Massimo Dutti and Bershka, with more than 6,000 stores in 86 markets. Sales in 2012 reached 15.9 billion euros ($21 billion). 

Elite women-owned businesses — those earning $10 million in revenue annually — are growing in numbers almost 50% faster than $10 million business in general and nearly 100% faster than all women-owned businesses, according to Growing Under the Radar: An Exploration of the achievement of Million-Dollar women-Owned Firms, research commissioned by American Express AXP +0.78% OPEN.

What do these women entrepreneurs know that others don’t? Based on my observations and knowledge of the market, six factors separate the cream from the milk: 

1.) Participate in peer advisory groups: “Entrepreneurs learn best from one another rather than academic courses,” said Marsha Firestone, President and Founder of Women Presidents’ Organization (WPO), a peer advisory group for women presidents of multimillion-dollar companies. During the course of 15 years, WPO has grown to 105 chapters on five continents with more than 1,600 members. For women whose companies have reached the $10 million and $50 million marks, WPO offers separate periodic meetings.

Young Women as Job Creators, a project labelled by the Union for the Mediterranean (UfM), last week held its first Women Entrepreneurship Day in Barcelona. The project is promoted by the Association of Organisations of Mediterranean Businesswomen (AFAEMME), a European and Mediterranean platform of projects on gender equality and business, promoting equality at work and lobbying to enhance women’s legal, social and professional status.

Monday, 22 April 2013 11:05

Database: women & men in decision making

The European Commission established a database monitoring the numbers of men and women in key decision-making positions in order to provide reliable statistics that can be used to monitor the current situation and trends through time.

The database covers positions of power and influence in politics, public administration, the judiciary, and various other key areas of the economy.

Data on political decision-making at European and national level are updated quarterly , whilst all other data are updated annually, though updates to political data at regional level are included in quarterly updates in case of elections.

Women’s rights committee members urge the Council to break the deadlock with regard to the adoption of the amendment to the pregnant workers directive by accepting the flexibility proposed by Parliament, in a resolution adopted on Tuesday 11 September 2012. They underline the importance of protecting motherhood and fatherhood by combating dismissal from employment during and after pregnancy.

A new European network of mentors to promote female entrepreneurship through the sharing of know-how and experience has been launched today by the European Commission. Women only account for 34.4% of the self-employed in Europe. To raise this share, successful businesswomen will assist women entrepreneurs who established a new enterprise two to four years ago.

The mentors will give these new entrepreneurs concrete advice on how to run and grow their enterprises in this early, critical phase of the businesses as well as help them to develop the necessary soft skills and coach them. The network will cover 17 European countries; 170 mentors will participate in it.

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