Why It’s Hard for Women to Enter the C-suite

There are still little to no opportunities for women in the C-suite in 2016. Men are being promoted at predominant rates and qualified women are being ignored. What’s more alarming is that although this gender disparity occurs in even the highest levels of leading companies, it’s established well before women get there.

Continue reading

The Inside Scoop on Small Businesses

Yesterday, the U.S. Small Business Administration (SBA) Office of Advocacy released an update with new comment letters, Requests for Comments (RFC) and, interestingly, new research. This new research presents an update on the state of small businesses in the increasingly competitive American marketplace.

Research Findings

Small Business Numbers:
-In 2013, there were 28.8 million small businesses
-80 percent of small businesses had no employers, while 20 percent had paid employees
-Small businesses comprise 99.9 percent of all firms, 99.7 percent of firms with paid workers, and 97.7 percent of exporting firms
-Small businesses accounted for 63.3 percent of net new jobs from the third quarter of 1992 until the third quarter of 2013
-In 2013, there were about 406,000 startups and 401,000 firm closures
-In 2012, there were 9.9 million women-owned firms, and 2.5 million firms owned equally by women and men; 45 percent of all classified firms were at least 50 percent women-owned

Small Business Survival:
-9 percent of businesses started in 2014 survived until 2015, the highest amount since 2005
-From 2004 to 2014, an average of 78.5 percent of new establishments survived one year
-Approximately 50 percent of all businesses survive 5 years or more; about one-third make it 10 years or longer

Small Business Characteristics:
-About 50 percent of all firms are home-based
-9 percent of firms are franchises
-The most common source of small business capital is personal and family savings, with 21.9 percent of small firms employing this method, followed by business profits and assets (5.7%), business loans from financial institutions (4.5%), and business credit cards from banks (3.3%)
-8 percent of contracting dollars went to small businesses in fiscal year 2015, an increase from 25.1 percent in FY 2014 and 23.4 percent in FY 2013

For more information, please, click here: https://www.nawrb.com/2016/09/21/inside-scoop-small-businesses/

Newsletter: Combatting Gentrification, Teaming for Success, SBA Proposed Changes

unnamed-2

Combatting Gentrification in The City by the Bay

blog_sf-copy

Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco – where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378 – is home to a housing market that has unabashedly driven out long-time residents and businesses with its skyrocketing property prices.

The inability of residents to remain in their homes, and entrepreneurs to maintain their businesses can be seen as a side effect of the booming housing market, but it is entirely unfair to people who don’t earn the kind of money to continue living in the city.

Continue reading

Combatting Gentrification in The City by the Bay

Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco—where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378—is home to a housing market that has unabashedly driven out long-time residents and businesses with its skyrocketing property prices.

Continue reading

SBA Proposes Changes to SBIC Early Stage Program

Today the U.S. Small Business Administration (SBA) released proposed changes to its SBIC Early Stage Program, a feature of the Small Business Investment Company (SBIC) Program.  SBA has proposed a number of regulatory changes that seek to broaden access to the Early Stage Program and strengthen the impact of SBIC’s on early stage small businesses.

Continue reading

The Inside Scoop on Small Businesses

Yesterday, the U.S. Small Business Administration (SBA) Office of Advocacy released an update with new comment letters, Requests for Comments (RFC) and, interestingly, new research. This new research presents an update on the state of small businesses in the increasingly competitive American marketplace.

Continue reading

Carla Harris

Vice Chairman, Global Wealth Management and Senior Client Advisor at Morgan Stanley Appointed by President Barack Obama Chair of the National Women’s Business Council

Carla Harris

screen-shot-2016-09-20-at-1-57-54-pm

From Wall Street powerhouse to selling out Carnegie Hall five times, critically-acclaimed author and speaker Carla Harris is a Renaissance woman. She details her journey through the competitive professional environment and her experience as a new mother, sharing the importance of family in her life and delineating the way a person can steer their career through dedication and perception.

NAWRB: Who has inspired you most throughout your life? How important do you believe having a mentor or supporter is to women professionals?

Continue reading