In today’s fast-evolving world, the importance of fostering entrepreneurial spirit in young girls and women cannot be overstated.
The 2024 Wells Fargo Impact of Women-Owned Business Report, in collaboration with Ventureneer, CoreWoman, and Women Impacting Public Policy (WIPP), revealed that between 2019 and 2023, women-owned businesses grew at nearly double the rate of male-owned businesses. Even more impressively, from 2022 to 2023, the growth rate surged to 4.5 times that of businesses owned by men. Still, the global representation of women in senior leadership roles has seen only a modest increase, rising from 31.1% in 2016 to 32.2% in 2023.
With trailblazing female leaders like Kamala Harris, Sheryl Sandberg, and countless others breaking barriers, the stage is set for the next generation of female entrepreneurs.
Yet, challenges persist, and it’s up to parents, educators, communities, and businesses to ensure girls and young women have the tools, confidence, and support to succeed in entrepreneurship.