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Interview Patty

Why the World Needs Women Entrepreneurs

Women are crucial to economic growth around the world.

Women’s empowerment will be front and centre in 2014 as more companies, communities and countries invest in women’s entrepreneurship. Increasingly, they recognise what organisations from the World Bank to Coca-Cola already know: that women are crucial to economic growth around the world.

Based on our experiences, women entrepreneurs see the world through a different lens and, in turn, do things differently (to my three brothers and three sons: not better, just differently). This is reflected in the kinds of businesses we start, whether it’s Coco Chanel, who learned the trade of a seamstress as a child, Estée Lauder, who turned a passion for skincare and make-up into a beauty empire, or Oprah Winfrey, whose media business focuses on helping women to reach their potential.

According to the Global Entrepreneurship Monitor, there are 126m women operating new businesses and another 98m at the helm of established ones. Yet we face a huge equality gap. In only seven countries—Panama, Thailand, Ghana, Ecuador, Nigeria, Mexico and Uganda—do women take part in business at rates equal to men’s; in some countries, like Pakistan, they barely take part at all. Even when women are active business owners, they do not reach their potential: women own almost three in ten American firms, yet employ only 6% of the country’s workforce and account for barely 4% of business revenues.

Read the full article at: http://www.economist.com/news/21589133-investing-businesswomen-will-boost-economy-everyone-says-tory-burch-chief-executive-and

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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Advice for women entrepreneurs.

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