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Women-owned Businesses Are Becoming More Popular, Creating Jobs For The Common Good

By: Monica Victor

Right now – someplace, somewhere, women owned businesses are popping up in the nation, creating jobs not only for those women but for millions of other Americans, too. A trend experts say is necessary to boost a wobbly economy.

Up until the 1970’s a woman’s place was largely thought to be in the home rearing children and keeping the household up. During that time there were only 30.3 million women in the labor force performing jobs in the field of teaching, secretarial, and administrative.

Then at the turn of the century more and more women entered the workforce, until between 2006 and 2010 that number ballooned to 72.7 million women in the workforce. Today women are also heading major corporations in areas such as engineering and tech. Currently women hold 23 (4.6%) of CEO positions at S&P 500 companies. Albeit still a small number, but it is still a huge stride forward and very encouraging.

There’s Mary Barra who became the first female CEO in the automobile industry and Marissa Mayer who became the first female CEO of Yahoo earlier this year. Then there’s Ursula Burns, Chairman and CEO of Xerox, Denise M. Morrison President and CEO of Campbell Soup Company, Indra K. Nooyi Chairman and Chief Executive Officer, PepsiCo, Virginia M. (Ginni) Rometty Chairman, President and Chief Executive Officer of IBM and Meg Whitman Chairman, President and Chief Executive Officer Hewlett-Packard (HP) Corp just to name a few. A full list can be found here.

Last year women opened roughly 887 new firms per day. That’s according to the 2015 State of Women-Owned Businesses Report, commissioned by American Express OPEN. In fact the data also shows 30 percent of the businesses in the U.S. are currently owned by a woman. According to the data there are 9.4 million enterprises owned by women in the U.S. These businesses generate $1.5 trillion in total revenue and employ 7.9 million workers especially in the health care and social assistance, educational services, and administrative support and waste management services.

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Here you can get the buzz on tactics and tips to successfully manage your money and avoid credit problems.These booklets cover the basics of creating and using a budget, how women can manage their personal finances, how to cope with financial stress, teaching your children about money, preventing identity theft, how to avoid common money mistakes, the basics of credit cards and much more! Click on the booklet cover to launch these free PDF files. Learn how to successfully manage money and avoid credit problems. This guide was created with two purposes in mind; first, to help people create and use a successful budget; second, to provide proven strategies for avoiding excess debt. This basic ‘Credit 101’ publication explores the pros and cons of using credit, provides a guide and calculation formula to help consumers find out how much credit they can afford, and offers advice on what elements should be considered before applying for a credit card, how to build a positive credit history, and existing credit rights. When it comes to women and money, the news can be gloomy. We live longer; we earn less, and are less secure in retirement. But the news isn’t all bad, because women can also be terrific budgeters, investors, savers and entrepreneurs. Everyone makes mistakes with their money. It happens, but it can lead to problems, and these problems may escalate if you don’t do the right things to correct them. This guide is to help you solve the money mistakes that could occur during your lifetime. The world of finances can be tricky and if you don’t act to correct these mistakes you could be putting your financial future at risk.
If you’re like most people, you probably learned about money from the “School of Hard Knocks.” If you were lucky, you may have had parents who talked openly about money with you, and perhaps even showed you how to earn and save money. This guide helps parents talk to their children about smart money management and the value of money. This publication discusses the fastest growing federal crime in the country and provides steps one can take to minimize the chances of personal information being stolen and used by a thief. The first part of this brochure is organized into checklists you can use to put these ideas into practice. The second part of this brochure will give you steps to take if you are a victim. This booklet will give you an overview of the basics of getting a mortgage, buying a home, and building equity. If you’re under financial stress, you may be arguing with your spouse or family members about money, experiencing headaches or panic attacks, hiding bills or receipts from family members, or finding it difficult to sleep at night. Your eating habits may have gone south, and you may find it hard to make it through the day. Use this guide to help you deal with your stress.